Stockwinners Market Radar for January 17, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BOWL | Hot Stocks21:12 EST Bowlero CEO sells $6.78M in common stock - In a regulatory filing, Bowlero disclosed that its CEO Thomas Shannon sold 492.7K shares of common stock on January 12th in a total transaction size of $6.78M.
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ACI | Hot Stocks21:11 EST Albertsons says to pay special dividend after Washington Supreme Court ruling - The company states: "Albertsons announced that the State of Washington's Supreme Court has denied a motion by the Attorney General of the State of Washington to hear an appeal from the trial court's denial of its request to enjoin the Company from paying its previously announced $6.85 per common share Special Dividend, originally scheduled to be paid November 7, 2022. The temporary restraining order preventing the payment of the Special Dividend has been lifted as a result of the decision. Albertsons Cos. will immediately begin the process of paying the Special Dividend and amounts will be distributed as soon as practicable to stockholders of record as of the close of business on October 24, 2022."
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BMO BNPQY | Hot Stocks21:08 EST Bank of Montreal gets regulatory approval to acquire Bank of the West - BMO Financial Group (BMO) and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. "announced it has received all regulatory approvals required to complete its acquisition of Bank of the West from BNP Paribas (BNPQY). BMO anticipates the acquisition will close on February 1, 2023, subject to the satisfaction of customary closing conditions. Upon closing, BMO will welcome the nearly 1.8 million commercial, retail, wealth management and business banking customers and provide increased convenience with access to over 1,000 U.S. branches in 32 states and nationwide fee-free access to over 42,000 ATMs. BMO also looks forward to over 9,300 Bank of the West employees joining the BMO family."
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HZNP | Hot Stocks20:54 EST Horizon Therapeutics CFO sells $4.09M in common stock - In a regulatory filing, Horizon Therapeutics disclosed that its CFO Aaron Cox sold 36K shares of common stock on January 13th in a total transaction size of $4.09M.
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NVTA | Hot Stocks20:15 EST Cathie Wood's ARK Investment bought 250K shares of Invitae today
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CERS | Hot Stocks20:14 EST Cathie Wood's ARK Investment bought 210.4K shares of Cerus today
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TSLA | Hot Stocks20:14 EST Cathie Wood's ARK Investment bought 116K shares of Tesla today
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PRVA | Hot Stocks19:39 EST Privia Health announces launches of ACOs in Delaware and North Carolina - Privia Health Group announced it has launched two new Accountable Care Organizations, or "ACOs," now including providers in Delaware and North Carolina, which are participating in the Medicare Shared Savings Program, or "MSSP." This expands the total number of Privia-owned ACOs to nine, serving beneficiaries across the District of Columbia and ten states, including California, Delaware, Florida, Georgia, Maryland, Montana, North Carolina, Tennessee, Texas, and Virginia. Effective January 1, 2023, the Privia ACOs will now include more than 2,500 independent providers delivering care to over 191,700 Medicare beneficiaries. Five of the nine ACOs are participating in the MSSP Enhanced Track with "substantial, potential upside and downside financial risk," the company stated. "As Privia continues to expand our national footprint, we are proud to continue launching new ACOs and expanding our relationship with CMS and the MSSP program. We remain focused on building scaled provider networks nationwide and enabling our providers to transition profitably and intelligently to increased risk in value-based programs over time," said Mark Foulke, Privia Health Executive Vice President Transformational Value-Based Care.
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PNFP | Hot Stocks19:16 EST Pinnacle Financial authorizes repurchase of up to $125M of common stock - Pinnacle Financial announced that its Board of Directors has authorized a new share repurchase program for up to $125 million of the Company's common stock to commence upon expiration of its existing share repurchase program that is set to expire on March 31, 2023. Repurchases of the Company's common stock will be made in accordance with applicable laws and may be made at management's discretion from time to time in the open market, through privately negotiated transactions or otherwise. The board authorized the repurchase program to remain in effect through March 31, 2024, unless the entire repurchase amount has been acquired before that date.
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CCO | Hot Stocks18:48 EST Clear Channel Outdoor up 7% as Ares Management discloses $460K purchase of stock
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DAR | Hot Stocks18:46 EST Darling Ingredients CEO: Our business is solid and strong - In an interview on CNBC's Mad Money, Randall Stuewe said, "We are getting excited about our future with jet fuel." The company expects to add sustainable jet fuel in the near future, he added.
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PB | Hot Stocks18:44 EST Prosperity Bancshares announces roughly 4.6M share buyback - Prosperity Bancshares announced that its Board of Directors authorized a stock repurchase program under which the company may repurchase up to 5%, or approximately 4.6M shares, of its outstanding common stock over a one-year period expiring on January 17, 2024, at the discretion of management. Repurchases under this program may be made from time to time in open market transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Repurchases under this program also may be made in transactions outside the safe harbor provided by Rule 10b-18 during a pending merger, acquisition or similar transaction. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. Any repurchased shares will be held by the company as authorized but unissued shares.
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FCPT | Hot Stocks18:19 EST Four Corners Property Trust sells Red Lobster property for $4.7M - Four Corners Property Trust announces the disposition of a Red Lobster property for $4.7 million. The property is located in North Dakota and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.
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SDC | Hot Stocks18:09 EST SmileDirectClub jumps 13% after announcing realignment of global workforce - SmileDirectClub shares are up 13% or 7c to 67c per share in after-hours trading after announcing realignment of global workforce and operating programs.
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FFIE | Hot Stocks18:09 EST Faraday Future signs amendment agreement with FF Top - Faraday Future Intelligent Electric announced that the company has signed an Amended and Restated Shareholder Agreement with FF Top, the wholly owned subsidiary of FF Global Partners. The Company and the China Huanggang Government have also reached the non-binding Cooperation Framework Agreement for promoting its US-China dual-home market strategy. The newly signed Shareholder Agreement solidifies FF Top as an important shareholder with 1:10 super voting rights, subject to shareholder approval, and 1:20 super voting rights when FF's market cap reaches $3B, also subject to shareholder approval. FF Top will also have the right to nominate four FF Top designees among seven board seats on the terms and conditions set forth in the Shareholder Agreement, which would provide FF Fop with control of the FF board of directors together with certain financing approval rights. According to the Framework Agreement with the City of Huanggang, FF intends to relocate its future FF China Headquarters there which will support its US-China dual home market and US-China Dual DNA strategy. The China headquarters is expected to be jointly funded by the Huanggang Government guide fund, industrial fund, and FF. The Framework Agreement was signed in Q3 of 2022. FF expects to start production of a saleable FF 91 Futurist at the end of March 2023, coming off the assembly line in early April, with deliveries before the end of April. The Company has completed manufacturing milestone #6 of FF 91 Futurist, the completion of construction and equipment installation in vehicle assembly areas.
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PR | Hot Stocks18:05 EST Permian Resources reaffirms Q4 outlook - The Company is not adjusting its previously announced Q4 and FY23 preliminary outlook as a result of these transactions and plans to issue FY23 guidance concurrent with its Q4 and FY22 earnings results.
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PR | Hot Stocks18:04 EST Permian Resources announces a series of portfolio management transactions - Permian Resources announced that it has entered into a series of portfolio management transactions, comprising of a bolt-on acquisition, a divestiture of non-operated production and acreage and a divestiture of a portion of its water infrastructure assets in Reeves County, Texas. Permian Resources has entered into a definitive agreement to acquire 4,000 net leasehold acres, 3,300 net royalty acres and 1,100 barrels of oil equivalent per day, or Boe/d, of net production, located predominantly in Lea County, New Mexico from an undisclosed third-party for a total purchase price of $98M. This purchase price reflects an acquisition value of approximately $8,000 per net leasehold acre and approximately $7,000 per net royalty acre. The properties' operated position consists of largely undeveloped acreage and is contiguous to one of the Company's existing core blocks in Lea County. Permian Resources has identified approximately 45 gross operated two-mile locations from the properties being acquired that immediately compete for capital within the existing portfolio. Permian Resources also announced the divestiture of producing, non-operated properties in Reeves County consisting of approximately 1,800 Boe/d and 3,500 net leasehold acres to an undisclosed third-party for $60M, reflecting a valuation multiple of greater than 5x 2023 estimated EBITDA. The Company also sold a non-operated position consisting of 300 net leasehold acres in Eddy County, New Mexico for $35,000 per net acre, resulting in approximately $10M of net proceeds. The Company signed definitive agreements with an undisclosed third-party that result in Permian Resources divesting a portion of its saltwater disposal wells and associated produced water infrastructure in Reeves County for total consideration of $125M. The full consideration will be received at closing with $60M subject to repayment if certain thresholds tied to Permian Resources' future drilling activity in the service area over the next several years are not met. The Company expects to retain the full consideration based on its current development plan. The transaction is expected to close during the Q1, subject to regulatory approval.
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ID | Hot Stocks18:01 EST Parts iD is evaluating evaluating potential strategic alternatives - PARTS iD announced that its Board of Directors, led by its Finance & Business Development Committee, is evaluating potential strategic alternatives to maximize shareholder value. As part of the process, the Board is considering a full range of strategic alternatives, which may include financing alternatives, merger, reverse merger, other business combinations, sale of assets, licensing, or other transactions. PARTS iD has retained Canaccord Genuity as its financial advisor and DLA Piper as its legal counsel to assist in evaluating potential strategic alternatives. There can be no assurance that the evaluation of strategic alternatives will result in any potential transaction, or any assurance as to its outcome or timing.
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ACHR | Hot Stocks17:52 EST Holder of Archer Aviation Adcock sells over $1M in company shares - Beneficial Owner of Archer Aviation Brett Adcock disclosed in a regulatory filing that he had sold 410,000 shares of company stock at $2.53 per share between January 12 and January 13, for a total transaction amount of $1,035,332.
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META | Hot Stocks17:44 EST Oversight Board overturns Meta decisions in 'gender identity and nudity' cases - The Oversight Board has overturned Meta's original decisions to remove two Instagram posts depicting transgender and non-binary people with bare chests. It also recommends that Meta change its Adult Nudity and Sexual Activity Community Standard so that it is governed by clear criteria that respect international human rights standards. In this decision, the Oversight Board considers two cases together for the first time. Two separate pieces of content were posted by the same Instagram account, one in 2021, the other in 2022. The account is maintained by a US-based couple who identify as transgender and non-binary. Both posts feature images of the couple bare-chested with the nipples covered. The image captions discuss transgender healthcare and say that one member of the couple will soon undergo top surgery (gender-affirming surgery to create a flatter chest), which the couple are fundraising to pay for. Following a series of alerts by Meta's automated systems and reports from users, the posts were reviewed multiple times for potential violations of various Community Standards. Meta ultimately removed both posts for violating the Sexual Solicitation Community Standard, seemingly because they contain breasts and a link to a fundraising page. The users appealed to Meta and then to the Board. After the Board accepted the cases, Meta found it had removed the posts in error and restored them. Reference Link
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MERC | Hot Stocks17:38 EST Mercer: Celgar mill to take three weeks downtime due to lack of fiber - Mercer International reports that, due to a lack of appropriate fiber availability, its Celgar mill in British Columbia, Canada, is planning to take approximately three weeks of downtime. This curtailment is expected to commence in March 2023 Juan Carlos Bueno, Mercer's President and CEO, remarked, "We are disappointed that the current fiber supply situation - and in particular, the lack of available residual fiber for pulp - has led us to the difficult position forcing us to curtail. The continued fiber supply problem is a source of disappointment for our employees, our suppliers, the Castlegar region and the province at large. We are hopeful for a resolution in short order." Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with an annual production capacity of 2.3 million tons of pulp, 960M board feet of lumber, 140 thousand cubic meters of cross-laminated timber, 17 million pallets and 150,000 metric tons of wood pellets.
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CSTL | Hot Stocks17:22 EST Castle up 1.5% after announcing presentation for dermatology conference - Castle Biosciences shares up 40c or +1.48% to $27.46 per share in after-hours trading after announcing the company will share new data supporting the clinical value of Castle's skin cancer test portfolio at the 2023 Winter Clinical Dermatology Conference - Hawaii , being held Jan. 13-18 in Kohala Coast, Hawaii.
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GD | Hot Stocks17:19 EST General Dynamics awarded $149.5M U.S. Navy contract - General Dynamics is awarded a $149,452,553 firm-fixed-price contract action for maintenance, modernization and repair of USS Arlington fiscal 2023 docking selected restricted availability. The scope of this acquisition includes all labor, supervision, facilities, equipment, production, testing, and quality assurance necessary to prepare for and accomplish the CNO Availability for managing critical modernization, maintenance and repair programs. This contract includes options which, if exercised, would bring the cumulative value of this contract to $168,452,352. Work will be performed in Norfolk, Virginia, and is expected to be completed by September 2024.
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PAAS | Hot Stocks17:18 EST Pan American Silver reports FY22 silver production of 18.5M oz - The company states: "Consolidated silver production in 2022 of 18.5 million ounces was within the revised guidance range of 18.0 to 18.5 million ounces provided on November 9, 2022, and only modestly below the original guidance of 19.0 to 20.5 million ounces provided on February 23, 2022. Consolidated gold production in 2022 of 552.5 thousand ounces was within the original guidance range of 550.0 to 605.0 thousand ounces provided on February 23, 2022. Consolidated zinc production in 2022 of approximately 38 thousand tonnes was within guidance of 35 - 40 thousand tonnes, lead production of approximately 18 thousand tonnes was above guidance of 15 - 17 thousand tonnes, and copper production of approximately 5 thousand tonnes was modestly below guidance of 5.5 - 6.5 thousand tonnes, based on the original guidance ranges provided on February 23, 2022." CEO Michael Steinmann: "I am very pleased with our team's efforts to deliver production results in line with our guidance for 2022. Q4 2022 results were led by strong production at Shahuindo and La Arena, as expected."
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CSTL | Hot Stocks17:16 EST Castle to share data on clinical value skin cancer test at Hawaii conference - Castle Biosciences announced that new data supporting the clinical value of the Company's skin cancer test portfolio is being shared in poster presentations at the 2023 Winter Clinical Dermatology Conference - Hawaii , being held Jan. 13-18 in Kohala Coast, Hawaii. "At Castle, we are committed to challenging the status quo to improve disease management through deep scientific expertise, unique value insight and strong data development," said Derek Maetzold, president and chief executive officer of Castle Biosciences. "The data that we are presenting at the 2023 Winter Clinical Dermatology Conference - Hawaii demonstrates the ability of our tests to help guide personalized and risk-aligned patient management decisions with a goal of enabling better patient outcomes." The posters below will be displayed for viewing in the Grande Ballroom Salon III for the duration of the conference.
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BLCO | Hot Stocks17:10 EST Bausch + Lomb acquires AcuFocus, terms not disclosed - Bausch + Lomb and AcuFocus, a privately held ophthalmic medical device company, announced that an affiliate of Bausch + Lomb has acquired AcuFocus, pursuant to a merger transaction with the parent company of AcuFocus.
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AUY | Hot Stocks17:02 EST Yamana Gold reports Q4 GEO 264,891 - Yamana Gold announced fourth quarter and full year 2022 preliminary operating results. Production during the fourth quarter totaled 264,891 gold equivalent ounces with full year production of 1,005,770 GEO exceeding annual guidance of 1,000,000 GEO. Full year all-in sustaining costs are expected to be below $1,125 per GEO, generally in line with guidance when adjusted for the impact of the higher gold-to-silver ratio. The standout production results, which were realized despite the gold-to-silver ratio being near an all-time high and significantly above what was anticipated in guidance, are a testament to the company's focus on operational excellence and track record of execution despite inflationary conditions. "As the Executive Chairman and founder of Yamana Gold, I have always advocated for critical mass and scale to drive success in the mining industry. With that said, I am incredibly proud to see this philosophy being fully realized and demonstrated through our proposed transaction with Pan American and Agnico Eagle. I also find it greatly encouraging that this proposal has received positive voting recommendations from both ISS and Glass Lewis, the leading proxy advisory firms," commented Peter Marrone. "Our strong fourth quarter and 2022 operational results are a testament to our track record of operational excellence and demonstrate how our portfolio and management punch well above their weight. Despite the challenging macroeconomic backdrop and ongoing corporate transactions, we have remained focused on consistently delivering impressive results that will translate into strong cash flows and financial strength for the combined companies. We have achieved all of this whilst demonstrating an unwavering commitment to ESG, which will continue to be critical to the success of the combined companies and the wider industry. Together with the integration of managements across both our and Pan American's organizations, our proposed transaction will be truly transformational. As the shareholder vote rapidly approaches, I am mindful that this could well be our last operational update, and at this time would personally like to express my heartfelt thanks to all the exceptional employees and management of Yamana who have, with their dedication and commitment, once again proven to be what drives value. Our greatest assets are the dedication, support, efforts and results of our management and employees. I am proud of all of you and delighted to have been associated with you."
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BGNE | Hot Stocks17:02 EST BeiGene presents new research from Tislelizumab program at 2023 ASCO - BeiGene "will share clinical data and patient-reported outcomes for its PD-1 inhibitor, tislelizumab, at the 2023 ASCO Gastrointestinal Cancers Symposium, notably, an oral presentation for interim results of the global pivotal phase 3 trial RATIONALE 305 of tislelizumab in combination with chemotherapy in first-line gastric or gastroesophageal junction cancer. At the interim analysis, RATIONALE 305 trial met one of the primary endpoints of overall survival in patients with G/GEJ whose tumors express PD-L1."
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MRNA | Hot Stocks16:52 EST Moderna jumps 7% to $203.21 after announcing data from mRNA-13 efficacy trial
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ASYS | Hot Stocks16:46 EST Amtech Systems acquires Entrepix for $35M - Amtech Systems announced the acquisition of Entrepix, a globally recognized expert in chemical mechanical polishing and wafer cleaning. Entrepix is expected to expand Amtech's market opportunity and accelerate growth in the front-end wafer processing market, including silicon carbide applications. Entrepix reported revenues of $26.7M on a trailing twelve months basis ended December 31, 2022. The transaction closed on January 17 for a purchase price of $35M, funded with available cash and a term loan with UMB Bank. The acquisition was structured through a reverse triangular merger wherein Amtech acquired Entrepix, resulting in Entrepix becoming a wholly owned subsidiary of the Company. The purchase price is subject to a customary working capital adjustment.
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SDC | Hot Stocks16:39 EST SmileDirectClub sees introducing $120M-$140M in savings in 2023 - The Company expects to introduce an additional $120M-$140M in savings in 2023 excluding transition costs and place SmileDirectClub on a path to positive cash flow in late 2023. "These actions are the natural next steps in the changes we introduced in 2022 to realign our operations in order to execute against our growth opportunity with efficiency and financial discipline," said David Katzman, Chief Executive Officer of SmileDirectClub. "We are pleased with the progress we've made with the introduction of our innovative SmileMaker Platform and the upcoming launch of our CarePlus premium offering, as we design a technology-led product portfolio that continues to give consumers choice, convenience and affordability in oral care."
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ARTH | Hot Stocks16:39 EST Arch Therapeutics announces 1-for-200 reverse stock split - Arch Therapeutics announced that it will effect a 1-for-200 reverse stock split of its outstanding and authorized common stock, effective at 5:00 p.m. on January 17, 2023. Arch's common stock will continue to trade on the OTCQB under the symbol "ARTHD" and under a new CUSIP number, 03939W 208. Arch's common stock will begin trading on a reverse stock split-adjusted basis on the OTCQB when the market opens on January 18, 2023.
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SDC | Hot Stocks16:38 EST SmileDirectClub to realign global workforce and operating programs - SmileDirectClub announced plans for a realignment of its operating programs and global workforce to further hone its focus on its core business and technology-enabled innovation portfolio, and to introduce additional cost savings to the Company's operating plan in order to enable growth and sustainable positive cash flow. Plan Details By taking these steps to right-size the business, the Company expects to introduce an additional $120 to $140M in savings in 2023 excluding transition costs and place SmileDirectClub on a path to positive cash flow in late 2023. "These actions are the natural next steps in the changes we introduced in 2022 to realign our operations in order to execute against our growth opportunity with efficiency and financial discipline," said David Katzman, Chief Executive Officer of SmileDirectClub. "We are pleased with the progress we've made with the introduction of our innovative SmileMaker Platform and the upcoming launch of our CarePlus premium offering, as we design a technology-led product portfolio that continues to give consumers choice, convenience and affordability in oral care."
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ARDS | Hot Stocks16:33 EST Aridis to present AR 501 Phase 2 trial update for CF treatment at KOL - Aridis Pharmaceuticals announced its participation in Key Opinion Leader, KOL, event focusing on the anti-infective treatment landscape in cystic fibrosis CF and the Company's Phase 2a trial of AR-501 in CF patients. AR-501 is an inhaled formulation of gallium citrate with broad-spectrum anti-infective activity being developed to treat chronic lung infections in CF patients. Carl Byrnes, Managing Director and Senior Research Analyst at Northland Capital Markets will host and moderate the virtual KOL. Aridis' Chief Medical Officer Hasan Jafri, MD, and CEO Vu Truong, PhD, will also participate in the event.
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SEMR | Hot Stocks16:31 EST Semrush names Channing Ferrer chief sales officer - Semrush announced the appointment of Channing Ferrer as Chief Sales Officer. Ferrer was most recently Chief Revenue Officer at Built In and has more than 20 years of experience in global sales leadership roles. "I couldn't be more excited about Channing joining our team at this stage in our growth journey," said Oleg Shchegolev, CEO of Semrush. "Channing's expertise at companies like Built In and HubSpot will bring a renewed vision and execution to our sales organization. He'll focus on the expansion of our more than 94,000 customer accounts, growing average checks by adding any number of our 55+ tools available for customers today. We've had strong leadership in this division for many years, and I'm excited to take it to the next level."
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UAL | Hot Stocks16:24 EST United Airlines ends 2022 with available liquidity of $18.2B
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TUSK | Hot Stocks16:20 EST Mammoth Energy subsidiary puts additional frac spread into operation - Mammoth Energy Services announced its wholly owned subsidiary Stingray Pressure Pumping has put an additional frac spread into operation. This brings Stingray's total operational frac spread count to five. Mammoth's infrastructure services division continues to expand both in geographic area as well as bidding activities for its engineering and fiber businesses. Both the engineering and fiber businesses that began operations in late-2019 and mid-2021, respectively, continue to expand organically. In addition, the Company's engineering group has grown to more than 50 employees today.
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UAL | Hot Stocks16:19 EST United Airlines sees FY23 capacity up 'high teens' y/y - Sees FY23: TRASM ~flat, y/y: Adjusted pre-tax margin ~9%; Average aircraft fuel price per gallon $2.85-$2.90.
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FUV | Hot Stocks16:19 EST Arcimoto falls 25% afterhours to $4.59 after offering common stock
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ICFI | Hot Stocks16:18 EST ICF International appoints Mark Lee as Chief Technology Officer - ICF announced that Mark Lee has been named Chief Technology Executive, and Jennifer Welham will lead ICF's health, human services and workforce business. In his new role, Lee will lead a new group focused on increasing the company's technology capabilities and maintaining the strong growth momentum of ICF's U.S. federal digital modernization business. Lee will also oversee a new company-wide CTO organization to help drive further technology growth and innovation across all of the firm's markets. Previously, Lee served as the executive vice president of ICF's public sector business where he successfully integrated several technology acquisitions and added over 1,000 new technologists to the firm. Lee has been with ICF for 25 years and has held many leadership roles across the company's public sector business, including previously serving as the head of business development and the disaster management division. Prior to this, he led the climate, sustainability, environmental health and surface transportation businesses and has extensive experience supporting a wide range of clients in addressing technology, regulatory, workforce development and policy challenges.
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UAL | Hot Stocks16:16 EST United Airlines sees Q1 capacity up ~20% y/y - Sees Q1: TRASM up ~25%, y/y: Adjusted pre-tax margin ~3%; Average aircraft fuel price per gallon $3.19.
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OLED | Hot Stocks16:16 EST Universal Display, Seiko Epson announce OLED evaluation agreement - Universal Display Corporation announced an OLED evaluation agreement with Seiko Epson Corporation. Under the agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology to Epson for AR/VR display applications. Details and financial terms of the agreement have not been disclosed. "We are pleased to continue our partnership with Japanese panel maker Seiko Epson," said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. "Our mission is to enable our customers and the OLED industry with our highly-efficient, high-performing proprietary OLED technologies and UniversalPHOLED materials. We look forward to further collaborating with Epson as the proliferation of OLEDs is expected to broaden and grow in the consumer electronics landscape."
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NIC | Hot Stocks16:13 EST Nicolet Bankshares sees FY23 deposits reprice higher and loan volume softer - "IMike Daniels, President and CEO of Nicolet, said, "We go into 2023 with trust in our people and our operating history; that whatever macroeconomic conditions arise, we will find success. The base of Nicolet has always been relationships, not transactions, which stand strong no matter the economic times. While many of our peers will focus on short-term solutions to gather deposits and sell loans, we will maintain our focus on building long-term relationships. Our people and our customers understand and believe in shared success, and we've shown how this in turn benefits our shareholders. Yes, we expect our deposits will reprice higher and our loan volume will soften. These are the times in which we live, but we learned a long time ago that there has to be something that customers and employees can rally around. Nicolet's purpose of serving and creating shared success has shown to be that rallying point. We look forward to proving this out in 2023," Daniels added.
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CLB | Hot Stocks16:12 EST Core Laboratories proposes redomestication of parent company to U.S. - Core Laboratories announces the company's Board of Directors has approved a plan to reorganize the company's corporate structure, which will include redomestication of the parent company from the Netherlands to the United States. The company and its Board believes that the Redomestication will enhance shareholder value over the long-term through simplifying the corporate structure, improving operational efficiencies and reducing administrative costs. The Redomestication will, if completed, change the Company's jurisdiction of organization from the Netherlands to the State of Delaware. Following shareholder approval, the Redomestication will be completed through a series of steps, as follows: (i) Core Laboratories N.V. will merge with and into Core Laboratories Luxembourg S.A., with Core Laboratories Luxembourg S.A. surviving, and (ii) as soon as practicable thereafter, Core Laboratories Luxembourg S.A. will migrate out of Luxembourg and redomesticate into the State of Delaware, as Core Laboratories Inc., which will become Core's ultimate parent company. Upon completion of the transaction, Core Laboratories N.V. shareholders will hold one share of Common Stock of Core Lab Delaware for each Common Share of Core Laboratories N.V. owned immediately prior to the Redomestication. Core Lab N.V. Common Shares will continue to trade on the New York Stock Exchange up to and including the effective date of the Redomestication. Following the effective date of the Redomestication, shares of Common Stock of Core Lab Delaware will be listed on the NYSE under the ticker symbol "CLB". The Company's shares will continue to trade uninterrupted during and upon completion of the Redomestication. Benefits from the Redomestication will include: (i) a reduced corporate footprint and a reduction in regulatory requirements associated with audited financial statements, financial reporting, and compliance with other statutory regulations, (ii) improved efficiencies and opportunities in the Company's corporate treasury, cash management, risk management and tax functions, and (iii) a simplified and more efficient tax structure. The Redomestication requires a shareholder vote for approval, which will be conducted through an extraordinary general meeting of Core Lab shareholders, which is anticipated to occur early in the second quarter of 2023.
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MRNA | Hot Stocks16:11 EST Moderna announces data from efficacy trial of mRNA-1345 targeting RSV - Moderna, announced positive topline data from its ConquerRSV Phase 3 pivotal efficacy trial of mRNA-1345, an investigational mRNA vaccine targeting respiratory syncytial virus RSV in older adults. Following review by an independent Data and Safety Monitoring Board, DSMB , the primary efficacy endpoints have been met, including vaccine efficacy VE of 83.7% against RSV-associated lower respiratory tract disease as defined by two or more symptoms. Based on these results, Moderna intends to submit for regulatory approval in the first half of 2023. "Today's results represent an important step forward in preventing lower respiratory disease due to RSV in adults 60 years of age and older. These data are encouraging, and represent the second demonstration of positive phase 3 trial results from our mRNA infectious disease vaccine platform after, Spikevax, our COVID-19 vaccine. We look forward to publishing the full data set and sharing the results at an upcoming infectious disease medical conference," said Stephane Bancel, Moderna's Chief Executive Officer. "Respiratory diseases are a major public health priority given they have a significant health impact and are a leading cause of hospitalization. For these reasons, in addition to our mRNA-1345 RSV vaccine candidate, we are committed to developing a portfolio of respiratory mRNA vaccines to target the most significant viruses causing respiratory disease, including COVID-19, influenza, and human metapneumovirus."
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UAL | Hot Stocks16:10 EST United Airlines jumps 5% to $53.91 after Q4 results, FY23 guidance top estimates
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AQMS | Hot Stocks16:08 EST Aqua Metals regains compliance with Nasdaq listing requirements - Aqua Metals announced that it received notice from the Nasdaq Stock Market that it has regained compliance with Listing Rule 5550(a)(2). The company was previously notified by Nasdaq on August 2, 2022, that it had fallen below compliance with respect to the continued listing standard set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules because the closing price of the company's common stock over the previous 30 consecutive trading-day periods had fallen below $1.00 per share.
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CNET | Hot Stocks16:07 EST ZW Data Action Technologies announces reverse stock split - ZW Data Action Technologies announced that its board has approved a reverse stock split of its common stock, at a ratio of 1-for-5. The split is expected to become effective on January 18, and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq under the company's existing trading symbol "CNET" at market open on January 20, upon Nasdaq's approval.
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PAVM LUCD | Hot Stocks16:06 EST PAVmed, subsidiaries implement workforce reduction of roughly 20% - PAVmed Inc. (PAVM) and its majority-owned subsidiaries Lucid Diagnostics Inc. (LUCD) and Veris Health provided a strategic business update, outlining near-term strategic priorities and resource reallocation. The companies will prioritize near-term Lucid and Veris Health commercialization efforts. They have implemented a workforce reduction of approximately 20 percent, product portfolio streamlining, and other cost-cutting measures which seek to lower quarterly cash burn by at least 25 percent. "Over the past few quarters, we have engaged in a systematic effort to maximize our cash runway and protect our long-term shareholder interests, while executing on our strategic objectives in what remain challenging market conditions," said Lishan Aklog, M.D., PAVmed's and Lucid's Chairman and Chief Executive Officer. "We have decided to further extend this initiative by aggressively streamlining operations to focus substantially all our resources and near-term efforts on accelerating the commercialization of Lucid's and Veris' products, resulting in a meaningful reduction in our workforce and quarterly cash burn. We believe these groundbreaking commercial products, with their large market opportunities, are our most valuable assets and focusing on them provides our shareholders the greatest near and long-term value creation opportunity. Our leaner, more commercially focused posture puts us in the best position to realize this opportunity."
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LSAK | Hot Stocks16:06 EST Lesaka announces departure of Alex Smith, Chief Accounting Officer - Lesaka Technologies announced that Alex M.R. Smith is leaving the company to pursue other opportunities. Smith's last day of employment will be March 01. During this notice period, Smith will assist the company in consolidating the roles and responsibilities of Chief Accounting Officer into the ambit of Lesaka's highly experienced Finance team.
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OCCI | Hot Stocks16:02 EST OFS Credit estimates NAV of $9.36-$9.46 as of December 31, 2022 - OFS Credit Company announced the following net asset value estimate as of December 31, 2022. Management's unaudited estimate of the range of our NAV per share of our common stock as of December 31, 2022 is between $9.36 and $9.46. This estimate is not a comprehensive statement of our financial condition or results for the month ended December 31, 2022. This estimate did not undergo the Company's typical quarter-end financial closing procedures. We advise you that current estimates of our NAV per share may differ materially from future NAV estimates or determinations, including the determination for the period ending January 31, 2023, which will be reported in our monthly report on Form N-PORT.
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UAL | Hot Stocks16:02 EST United Airlines reports Q4 capacity down 9% vs. 4Q19 - Reports Q4: TRASM of up 26% compared to fourth-quarter 2019. CASM of up 21%, and CASM-ex of up 11%, compared to fourth-quarter 2019. Operating margin of 11.1%, adjusted operating margin of 11.2%, both up over 2 pts. compared to fourth-quarter 2019. Pre-tax margin of 9.1%, adjusted pre-tax margin of 9.0%, both up and around 1 pt. compared to fourth-quarter 2019. Average fuel price per gallon of $3.54.
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IBKR | Hot Stocks16:02 EST Interactive Brokers reports Q4 customer accounts up 25% y/y to 2.09M - Reports Q4: Customer equity decreased 18% to $306.7 billion. Total DARTs decreased 22% to 1.89 million. Cleared DARTs decreased 22% to 1.69 million. Customer credits increased 9% to $95.2 billion. Customer margin loans decreased 29% to $38.9 billion.
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TIMB | Hot Stocks15:49 EST TIM SA trading resumes
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TIMB | Hot Stocks15:17 EST TIM SA trading halted, news pending
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VGFC | Hot Stocks15:15 EST VGFC Stock trading resumes
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BTB | Hot Stocks13:50 EST Bit Brother Ltd trading resumes
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BTB | Hot Stocks13:45 EST Bit Brother Ltd trading halted, volatility trading pause
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LKFN | Hot Stocks13:26 EST Lake City Bank appoints Donald Robinson-Gay as CCO - Lake City Bank promoted Senior Vice President Donald Robinson-Gay to Senior Vice President, Chief Credit Officer. Robinson-Gay will join the bank's Management Committee and succeeds Michael Gavin, Executive Vice President, Chief Credit Officer, who will retire on January 27, 2023 after a 31-year career with the bank.
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SPGI KKR | Hot Stocks13:24 EST S&P Global to sell Engineering Solutions business to KKR for $975M - S&P Global (SPGI) announced that it has entered into an agreement to sell its Engineering Solutions business to investment funds managed by KKR (KKR) for $975M in cash, subject to customary purchase price adjustments. S&P Global currently anticipates the divestiture to result in after-tax proceeds of approximately $750M, which proceeds are expected to be used to fund share repurchases. The agreement follows S&P Global's announced intent in November 2022 to divest the business. Engineering Solutions provides data, technology, and insights that allow over 6,000 global customers and 650,000 users to optimize workflows and end-user experiences. Its products enable engineers, builders, and architects in many industries to access the data and insights they need to deliver complex projects and new products. KKR is making the investment through its North America Fund XIII. Engineering Solutions became part of S&P Global following the company's merger with IHS Markit early last year. The transaction, which is subject to receipt of required regulatory approvals and satisfying other customary closing conditions, is expected to close by the end of the second quarter of 2023.
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AWK | Hot Stocks13:14 EST American Water subsidiary agrees to purchase Town of Cape Charles systems - Virginia American Water, a subsidiary of American Water. announced it has signed a comprehensive asset purchase agreement for the drinking water and wastewater assets of the Town of Cape Charles, Virginia for up to a maximum of $15M, pending appraised values and regulatory approvals. The combined systems serve 2,300 customers. Before completing the acquisition, Virginia American Water must obtain approval by the Virginia State Corporation Commission, or SCC. The Town of Cape Charles and Virginia American Water anticipate completing the acquisition in late 2023 following SCC approval.
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AAPL | Hot Stocks13:04 EST Apple to assess compliance with human rights commitments, NYC Comptroller says - The Office of the New York City Comptroller, New York City Retirement Systems, and a coalition of investors jointly announced an agreement has been reached with Apple to conduct a third-party assessment overseen by its board of directors of the company's adherence to its Human Rights Policy, with a focus on the rights of workers to organize and bargain collectively. It will also review management's practices when employees seek to exercise their rights to form or join or refrain from joining a union. Apple has agreed to publicly release the report by the end of 2023. Apple reached an agreement with the five New York City Retirement Systems, Trillium ESG Global Equity Fund, SOC Investment Group, Parnassus Investments, Service Employees International Union Master Trust Pension Plan and the Greater Manchester Pension Fund. The coalition of investors represents approximately 53M Apple shares valued at $7B. The investor coalition filed a shareholder proposal with Apple in September 2022, calling for such an assessment, the office of the comptroller stated. Reference Link
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MSFT... | Hot Stocks12:34 EST U.S. video game consumer spending rose 2% y/y in December, says NPD - NPD analyst Mat Piscatella said that U.S. consumer spending on video game content, hardware and accessories totaled $7.6B in December 2022, an increase of 2% when compared to a year ago. Hardware spending grew 16%, offsetting declines in both content and accessories. 2022 spending totaled $56.6B, 5% below 2021 levels despite growth in hardware and subscription content spend. Factors impacting 2022 spending included continued supply constraints of console hardware, a relatively light slate of new premium releases, and macroeconomic conditions. Publicly traded companies in the space include Microsoft (MSFT), Sony (SONY), Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY). Reference Link
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OSH CVS | Hot Stocks12:31 EST Oak Street Health down 7% in afternoon trading - Afternoon weakness in shares of Oak Street Health (OSH) is being attributed to a report from Axios that said analysts, bankers and advisers do not think CVS Health (CVS) will be likely to buy the medicare-focused primary care operator, according to contacts.
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ATVI... | Hot Stocks12:13 EST 'Call of Duty: Modern Warfare 2' top game seller in U.S. in December, says NPD - NPD analyst Mat Piscatella said that the top video game seller in the U.S. in December in dollar sales was Activision Blizzard's (ATVI) "Call of Duty: Modern Warfare 2." Coming in second and third, respectively, were Nintendo's (NTDOY) "Pokemon Scarlet/Violet" and Sony's (SONY) "God of War Ragnarok," and rounding out the top five were EA's (EA) "Madden NFL 23" and "FIFA 23." Other games in the top 20 for the month include Sega's (SGAMY) "Sonic Frontiers," Bandai Namco's (NCBDY) "Elden Ring," Square Enix's (SQNXF) "Crisis Core: Final Fantasy VII Reunion," Take-Two's (TTWO) "NBA 2K23," Ubisoft's (UBSFY) "Just Dance 2023 Edition," and Microsoft's (MSFT) "Minecraft." Reference Link
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MSFT... | Hot Stocks12:10 EST U.S. video game consumer spending fell 2% y/y in December, says NPD - NPD analyst Mat Piscatella said that U.S. consumer spending on video game content, hardware and accessories totaled $7.6B in December 2022, an increase of 2% when compared to a year ago. Hardware spending grew 16%, offsetting declines in both content and accessories. 2022 spending totaled $56.6B, 5% below 2021 levels despite growth in hardware and subscription content spend. Factors impacting 2022 spending included continued supply constraints of console hardware, a relatively light slate of new premium releases, and macroeconomic conditions. Publicly traded companies in the space include Microsoft (MSFT), Sony (SONY), Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY). Reference Link
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QS | Hot Stocks12:00 EST QuantumScape falls -8.7% - QuantumScape is down -8.7%, or -72c to $7.58.
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BITI | Hot Stocks12:00 EST Biotie Therapies falls -8.8% - Biotie Therapies is down -8.8%, or -$2.94 to $30.40.
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EDU | Hot Stocks12:00 EST New Oriental Education falls -10.0% - New Oriental Education is down -10.0%, or -$4.28 to $38.36.
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RBLX | Hot Stocks12:00 EST Roblox rises 12.6% - Roblox is up 12.6%, or $4.17 to $37.38.
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OCFT | Hot Stocks12:00 EST OneConnect rises 24.3% - OneConnect is up 24.3%, or $1.75 to $8.95.
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BTCM | Hot Stocks12:00 EST BIT Mining rises 67.1% - BIT Mining is up 67.1%, or $2.06 to $5.13.
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DISH | Hot Stocks11:40 EST DISH announces secured debt offering, preliminary Q4 operating metrics - Dish announced a new $500M secured debt offering and pre-released key operating metrics for Q4. The company said in a filing that it expects Q4 Pay-TV subscribers of 9.75M, Pay-TV subscriber losses of 957K, DISH TV subscriber additions of 634K, DISH TV churn rate of 1.54 %. On the wireless side, the company expects Q4 subscribers of 7.98M and churn rate of 4.46 %.
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VGFC | Hot Stocks11:27 EST VGFC Stock trading halted, news pending
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NATI EMR | Hot Stocks11:23 EST National Instruments reiterates commitment to strategic review process - The company said, "As previously publicly announced by the Company on January 13, NI's Board of Directors has initiated a review and evaluation of strategic options with the intent to unlock and maximize shareholder value. This strategic review process includes robust solicitation of interest from potential acquirors. NI's Board of Directors will evaluate Emerson's proposal within the context of the ongoing strategic review process, consistent with its fiduciary duties and in consultation with its financial and legal advisors. NI welcomes Emerson's interest and participation in the process, as NI has previously informed Emerson. NI determined to affirmatively initiate, announce and pursue a comprehensive strategic review process inclusive of other counterparties rather than negotiate exclusively with Emerson, which NI believes would be detrimental to shareholder interests. NI notes Emerson's expressed disappointment in this effort to maximize NI shareholder value. NI is focused on conducting its strategic review process in a manner that provides all interested parties with the opportunity to fairly participate on a level playing field, which we believe is the best way to ensure that the process can maximize value for all shareholders. NI appreciates the input and support the Company has received from shareholders regarding the ongoing process."
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NATI EMR | Hot Stocks11:22 EST National Instruments confirms receipt of acquisition proposal from Emerson - NI (NATI) confirmed that it has received a proposal from Emerson (EMR) to acquire the Company for $53 per share in cash, following a prior proposal from Emerson to acquire the Company for $48 per share. The company said, "As previously publicly announced by the Company on January 13, NI's Board of Directors has initiated a review and evaluation of strategic options with the intent to unlock and maximize shareholder value. This strategic review process includes robust solicitation of interest from potential acquirors. NI's Board of Directors will evaluate Emerson's proposal within the context of the ongoing strategic review process, consistent with its fiduciary duties and in consultation with its financial and legal advisors. NI welcomes Emerson's interest and participation in the process, as NI has previously informed Emerson. NI determined to affirmatively initiate, announce and pursue a comprehensive strategic review process inclusive of other counterparties rather than negotiate exclusively with Emerson, which NI believes would be detrimental to shareholder interests. NI notes Emerson's expressed disappointment in this effort to maximize NI shareholder value. NI is focused on conducting its strategic review process in a manner that provides all interested parties with the opportunity to fairly participate on a level playing field, which we believe is the best way to ensure that the process can maximize value for all shareholders. NI appreciates the input and support the Company has received from shareholders regarding the ongoing process." BofA Securities and Wachtell, Lipton, Rosen & Katz are acting as NI's financial and legal advisor, respectively.
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RXT... | Hot Stocks11:13 EST Rackspace announces expanded, long-term strategic partnership with Google Cloud - Rackspace Technology (RXT) announced an expanded, long-term strategic partnership with Google Cloud with "a focus on helping customers accelerate their digital transformations and adoption of Google Cloud infrastructure and solutions." Rackspace said: "As a part of the expanded partnership, the Rackspace Technology expert teams will build innovative solutions in the areas of Data, AI, Migrations, Application modernization, and Industry use cases to help customers realize the value of Google Cloud. Rackspace Technology will significantly expand its services capacity for Google Cloud customers by building a world-class Rackspace Technology Google Cloud services team. The expanded strategic partnership is a 360-degree relationship that will generate new industry-focused solutions to accelerate customers' cloud agendas. As part of this partnership, Rackspace Technology will invest in expanding its dedicated Google Cloud Business Unit across the globe, optimize spend, and focus on creating differentiated solutions, sales, and delivery experiences to help customers get the most out of Google Cloud investments."
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JHX | Hot Stocks10:42 EST James Hardie names Tim Beastrom as chief legal counsel - James Hardie Industries announced the appointment of Tim Beastrom as Chief Legal Counsel, and Joel Wasserman as Vice President, Corporate Communications and Global Brand Management, effective immediately. As members of the global executive team, Beastrom and Wasserman will report directly to CEO Aaron Erter.
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CVNA | Hot Stocks10:31 EST Carvana adopts shareholder rights plan to preserve availability of NOLs - Carvana announced earlier today that its board of directors adopted a shareholder rights plan designed to protect long-term shareholder value by preserving the availability of Carvana's net operating loss carryforwards, or "NOLs," and other tax attributes under the Internal Revenue Code. "Carvana has significant U.S. federal NOLs that could be available to offset its future federal taxable income. Carvana's ability to use these NOLs would be substantially limited if its '5-percent shareholders' increased their ownership of the value of such company's stock by more than 50 percentage points over a rolling three-year period, which the IRC classifies for purposes of NOL availability as an 'ownership change.' The Tax Asset Preservation Plan is intended to reduce the likelihood of such an IRC Section 382 'ownership change' at Carvana by deterring any person or group from acquiring beneficial ownership of 4.9% or more of Carvana's outstanding Class A common stock. Carvana believes that the adoption of the Tax Asset Preservation Plan is in the best interest of the company, given the potential value that the significant NOLs represent. The Tax Asset Preservation Plan is similar to those adopted by numerous other public companies with significant NOLs. The Tax Asset Preservation Plan is not designed to prevent any action that the Board determines to be in the best interest of Carvana, and will help to ensure that the Board of Directors remains in the best position to discharge its fiduciary duties," the company stated. The Tax Asset Preservation Plan took effect on January 16, 2023 and is scheduled to continue in effect until January 15, 2026, unless terminated earlier in accordance with its terms.
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GORO | Hot Stocks10:29 EST Gold Resource sold 42,757 GEOs in 2022 - Gold Resource Corporation sold a total of 30,119 ounces of gold and 1,057,209 ounces of silver in 2022 for a gold equivalent total of 42,757 gold equivalent ounces. Additionally, during the year the Company sold 14,157 tonnes of zinc, 1,348 tonnes of copper, and 5,391 tonnes of lead contributing to a strong cash balance of over $23M. Allen Palmiere, President and CEO said "Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance. While our grade profile is expected to decline in 2023, we continue to identify and implement improvement opportunities, including collaborating with local communities to ensure sustainability. Work continues with the feasibility study to advance the Back Forty Project in Michigan and once completed, preparation of State of Michigan permits will follow. In addition to the feasibility study work, we continue to focus on engaging with the local community."
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WILC | Hot Stocks10:22 EST G. Willi-Food appoints Joseph Williger as new CEO, succeeding Erez Viner - Willi-Food International announced that the company's board of directors has appointed Joseph Williger, one of the company's controlling shareholders and until now its Co-Chairman of the Board, as CEO to replace Erez Viner whose term of officer as CEO of the company will end effective today. Viner will continue to provide his services to the company in the field of business development, logistic operation and leading the establishment of the company's new logistic center. Williger's appointment as CEO is subject to approval of the shareholders in accordance with the provisions of the Companies Law. The company intends to convene a shareholder meeting for this purpose in the near future.
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PTON | Hot Stocks10:03 EST Peloton appoints Leslie Berland as CMO - Peloton announced the appointment of Leslie Berland as Peloton's Chief Marketing Officer, effective January 18, 2023. Berland brings more than two decades of strategic and creative marketing expertise for iconic brands. She will report to CEO Barry McCarthy and serve as a member of the leadership team, overseeing brand and product marketing, creative, consumer insights, membership, and global communications. Berland previously served as CMO at Twitter.
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GS | Hot Stocks10:02 EST Goldman Sachs: May not be able to reach return targets in this environment
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MAR | Hot Stocks10:02 EST MARAEY signs agreement with Marriott to build three distinct hotels in Marica - MARAEY announced that it has signed an agreement with Marriott International, Inc., to build three distinct hotels in Marica, Rio de Janeiro. The projects are strategically located to create an international tourist destination focused on sustainability and innovation, as well as high-end service and experiences. Situated just 45 km from Rio de Janeiro, the three-hotel complex is anticipated to mark the introduction of the exclusive Ritz-Carlton Reserve brand to Brazil and South America. In addition, the planned JW Marriott is expected to be one of the brand's first all-inclusive hotels in the world. The innovative Rock in Rio, Autograph Collection, is slated to be the first thematic hotel bearing the name of the popular festival that attracts thousands of fans. With MARAEY's estimated investment of approximately $360M, the properties are expected to feature more than 1,100 rooms, generate more than 16,000 direct and indirect jobs during the building phase, and create over 3,500 positions once operational. An Economic Impact Study, developed by Abacus Group, indicated the hotels will catalyze economic and tourism expansion in Rio de Janeiro state and Brazil, with a projected 300,000 direct and 150,000 indirect visitors per year.
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GS | Hot Stocks10:02 EST Goldman Sachs 'actively engaged' in expense mitigation efforts
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KOLD | Hot Stocks10:00 EST ProShares UltraShort Bloomberg Natural Gas falls -7.6% - ProShares UltraShort Bloomberg Natural Gas is down -7.6%, or -$3.05 to $37.00.
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BITI | Hot Stocks10:00 EST Biotie Therapies falls -8.4% - Biotie Therapies is down -8.4%, or -$2.79 to $30.55.
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BKR | Hot Stocks10:00 EST Archer announces term sheet to potentially acquire Baker Hughes unit in U.K. - Archer Limited announced it has signed a term sheet with Baker Hughes Limited to potentially acquire Baker Hughes' coil tubing and pumping, or "CT&P," business in the United Kingdom. "The CT&P business fits well within Archer's overall strategy to grow our drilling and well services in UK and to further grow our integrated P&A service offering. Baker Hughes is divesting the CT&P business as a part of a remedy package offered to the UK Competition and Markets Authority. The CMA is undertaking a public consultation process with Archer and one other potential purchaser, which is expected to conclude by February 1, 2023. The contemplated transaction is subject to Archer being selected as the preferred purchaser by Baker Hughes, definitive agreements, final approval by the CMA, and Archer Board approval," Archer Limited stated.
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PAGS | Hot Stocks10:00 EST PagSeguro Digital falls -9.5% - PagSeguro Digital is down -9.5%, or -90c to $8.55.
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RBLX | Hot Stocks10:00 EST Roblox rises 11.2% - Roblox is up 11.2%, or $3.73 to $36.94.
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TKC | Hot Stocks10:00 EST Turkcell rises 12.1% - Turkcell is up 12.1%, or 53c to $4.88.
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SI | Hot Stocks10:00 EST Silvergate Capital rises 18.0% - Silvergate Capital is up 18.0%, or $2.37 to $15.57.
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GS | Hot Stocks09:51 EST Goldman Sachs seeing early signs of consumer credit deterioration, says CFO
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THC | Hot Stocks09:51 EST Tenet Healthcare up 1% in early trading after Einhorn reveals long position
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GS | Hot Stocks09:47 EST Goldman Sachs 'committed' to 60% efficiency ratio
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas falls -8.4% - ProShares UltraShort Bloomberg Natural Gas is down -8.4%, or -$3.38 to $36.67.
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BITI | Hot Stocks09:47 EST Biotie Therapies falls -9.1% - Biotie Therapies is down -9.1%, or -$3.05 to $30.29.
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XYF | Hot Stocks09:47 EST X Financial falls -18.3% - X Financial is down -18.3%, or -72c to $3.21.
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RBLX | Hot Stocks09:47 EST Roblox rises 12.6% - Roblox is up 12.6%, or $4.18 to $37.39.
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TKC | Hot Stocks09:47 EST Turkcell rises 13.8% - Turkcell is up 13.8%, or 60c to $4.95.
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SI | Hot Stocks09:47 EST Silvergate Capital rises 17.4% - Silvergate Capital is up 17.4%, or $2.30 to $15.50.
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GS | Hot Stocks09:39 EST Goldman Sachs to scale platform solutions business, says CEO Solomon
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GS | Hot Stocks09:38 EST Goldman CEO: CEOs, Boards 'cautious,' particularly for near-term
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VLCN | Hot Stocks09:37 EST Volcon: Stag pre-production orders recently eclipsed $116M - Volcon (VLCN) announced that the Stag, the company's flagship all-wheel drive, fully electric UTV, recently eclipsed $116,000,000 in pre-production orders with over 90% of these orders coming from its network of 151 dealers across the US, and its six distributors in South and Central America and the Caribbean region. The Stag will be the first fully electric UTV in its class and the first and currently only UTV to be powered by General Motors' (GM) Ultium electric propulsion system technologies.
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GS | Hot Stocks09:36 EST Goldman Sachs CEO: Outlook for 2023 remains uncertain
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GS | Hot Stocks09:36 EST Goldman postponed plans to offer checking to wealth management customers
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MS | Hot Stocks09:35 EST Morgan Stanley expects deal activity to increase once Fed pauses rate hikes - Says "confident" M&A will increase after Fed pauses. Expects markets revenue to normalize between 2019-2020 levels. Says "not facing a dark period." Says "pretty confident" about near to medium term outlook for markets.
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NVOS | Hot Stocks09:35 EST Novo Integrated Sciences continues to work to close SWAG deal - Novo Integrated Sciences provided an update with respect to certain actions and events, as follows: As previously reported, on December 23, 2022, Novo entered into a Share Purchase Agreement with SwagCheck and the shareholders of SWAG, pursuant to which Novo agreed to purchase 100% of SWAG's outstanding shares. SWAG holds a specific right of purchase of a precious gem collection as provided for in an agreement between SWAG and a Court-appointed Successor Receiver for the United States District Court for the Central District of California. Pursuant to the terms of the SWAG Agreement, as amended, the SWAG Agreement was to close no later than January 10, 2023. Although the SWAG Agreement has not yet closed, the parties continue to work together with the intention of closing the transaction. Between January 5, 2023 and January 16, 2023, the Company issued 2,469,348 common shares to certain warrant holders upon exercise of their warrants. Between January 5, 2023 and January 16, 2023, the Company issued 17,277,700 common shares to certain note holders upon conversion of their notes. As of January 16, 2023, the Company's issued and outstanding common share count is 59,637,859. The Company and its independent auditor are working diligently to complete the audit for the Company's fiscal year ended August 31, 2022, and the Company intends to file its Annual Report on Form 10-K in the near future.
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GS | Hot Stocks09:34 EST Goldman Sachs conducted headcount reduction of 6% earlier this month, says CEO
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TYL | Hot Stocks09:33 EST Tyler Technologies helps develop software for Delray Beach, Florida - Tyler Technologies announced that the city of Delray Beach, Florida, has successfully gone live with Tyler's My Civic and Enterprise Service Requests software, branded MyDelrayBeach. The city had been interested in developing a mobile app for some time as part of a greater push to advance technology across the city. The launch of My Civic is the first phase in the city's overall technology upgrade. Tyler's Enterprise Permitting & Licensing software will be deployed in the next phase. "We are pleased to support Delray Beach's mission to advance technology across the city," said Greg Savard, general manager of Tyler's civic services business unit. "The app brings great value to residents, who now have direct, two-way communication with the city. The app helps residents stay informed, leading to stronger and more engaged communities."
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GS | Hot Stocks09:32 EST Goldman CEO: Quarter was 'disappointing,' business mix 'challenging' - Comments taken from Q4 earnings conference call.
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AREC | Hot Stocks09:31 EST American Resources' ReElement enters agreement with Continental Lithium - American Resources announced that its wholly-owned subsidiary, ReElement Technologies entered into a memorandum of understanding with Continental Lithium to begin trial shipments of lithium spodumene ore to ReElement Technologies' Noblesville, Indiana facility to refine into high-purity lithium carbonate or lithium hydroxide using the Company's patented and revolutionary multi-mode chromatography technology. Post initial material testing, the parties intend to work towards jointly developing a ReElement lithium refinement facility in Nigeria to locally process and purify lithium spodumene. The initial trials will consist of 28 metric ton increments of 5% to 8% grade lithium spodumene concentrate that is produced at Continental Lithium's Nigerian mines and shipped to Noblesville, Indiana to be processed through ReElement's facility to a 99.9% or greater, ultra-high pure lithium carbonate. ReElement will sell the purified lithium carbonate or lithium hydroxide into the domestic battery manufacturing marketplace. The MOU outlines this supply of spodumene as well as the steps of jointly building and operating a ReElement Technologies lithium refining facility in Africa that is centrally located around Continental Lithium's spodumene mines, which will result in reduced transportation costs, creation of high-quality jobs, and reduction in the environmental footprint of the lithium production life cycle. The lithium refined at the facility will be solid either locally or into the United States domestic battery industry.
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AZ | Hot Stocks09:29 EST A2Z Smart Technologies launches V2.8 Light Smart Cart - A2Z Smart Technologies announced that it has developed and launched a new Smart Cart model which will extend and complement the Company's current offerings. The new Version 2.8 has been developed after consultation with major retailers around the world, predominately in the European and Asian markets. The new V2.8 is a lighter model and comes in 180 litre and 75 litre sizes. This allows our product offering to now be used in stores of all sizes from hypermarket right down to convenience stores, and in a variety of retail fields from groceries and supermarkets to drugstores and duty free shops. The new versions carry the same touch screens and all the security features as their big brother.
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HOOD | Hot Stocks09:28 EST Robinhood announces formation of Sherwood Media - Robinhood Markets announced the formation of Sherwood Media, LLC, a new subsidiary that will be a home for news and information about the markets, economics, business, technology, and the culture of money. Sherwood Media, LLC will build on the success of Snacks - a daily markets and business newsletter - which has one of the largest audiences in the country. Tens of millions of people read Snacks each week for its incisive, illuminating views on the biggest news of the day. Joshua Topolsky - founder and former Editor-in-chief of the technology news network The Verge, co-creator of its parent company Vox Media, and former Chief Digital Content Officer at Bloomberg - will serve as the Editor-in-chief and President of Sherwood Media. Sherwood Media, LLC will launch a suite of new editorial offerings throughout 2023, complementing Snacks with more always-on news updates and analysis, original reporting, new newsletter offerings, social-first content, and live events. Additionally, starting with Snacks, Sherwood Media, LLC will offer exclusive advertising opportunities with select partners.
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SMSI | Hot Stocks09:28 EST Smith Micro execute digital family safety contract with mobile network operator - Smith Micro Software announced that the Company has entered into a new contract with a leading mobile network operator in the U.S. to continue to provide digital family safety solutions. The contract replaces the prior agreement that the two entities had in place with new, mutually agreed terms for Smith Micro's delivery of its market-leading digital family safety solution that includes parental controls and location services. "We are very pleased to have executed this new agreement with a well-positioned Tier 1 mobile network operator and are excited for the opportunity it presents for both companies to continue our strong partnership and shared focus on improving the experience for their customers," said William Smith Jr., President and CEO of Smith Micro.
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FEXD | Hot Stocks09:27 EST Fintech Ecosystem announces extension of deadline to complete combination - Fintech Ecosystem Development announced that its board of directors has elected to extend the date by which FEXD has to consummate a business combination from January 21, 2023 to April 21, 2023, 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 January 21, 2023. The Extension will provide FEXD with additional time to complete its proposed business combination with fintech companies Rana Financial and Mobitech International.
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GNUS | Hot Stocks09:27 EST Genius Brands expands international market launches for Kartoon Channel - Genius Brands International has signed a deal with China's StarTimes to launch the rapidly growing Kartoon Channel! on January 31st on DTH satellite and digital terrestrial in South Africa and in 46 countries throughout the Sub-Saharan African region. The brand new 24/7 Kartoon Channel!, dedicated to Africa, will be available to all StarTimes customers in the basic tier on DTH satellite and digital terrestrial: channel 304 on satellite and channel 357 on DTT . Kartoon Channel! Africa will offer exclusive and first run series that have proven popular with kids and families, including Genius Brands' originals "Stan Lee's Superhero Kindergarten," starring Arnold Schwarzenegger, "Rainbow Rangers," "Thomas Edison's Secret Lab," and "Llama Llama," starring Jennifer Garner and based on the bestselling children's book franchise. The channel will also feature family-friendly movies on the weekends such as "Stan Lee's Mighty 7," "Ella Bella Bingo," "Toys and Pets," and "Boonie Bears."
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HRTG | Hot Stocks09:27 EST Heritage Insurance authorizes new $10.0M share repurchase plan - Heritage Insurance authorized a new share repurchase plan of $10.0M commencing upon the December 31, 2022 expiration of the prior $25.0M share repurchase program. Under the new Share Repurchase Plan, the company is authorized to repurchase shares at any time until December 31, 2023.
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GRIL | Hot Stocks09:25 EST Pokemoto, Muscle Maker now registered to sell franchises in NY state - Pokemoto, Muscle Maker, expanding Hawaiian poke bowl restaurant concept, announced that it is now registered to sell Pokemoto franchises in the state of New York; a state that requires additional documentation and registration of a company's Franchise Disclosure Document before franchise advertisements and franchise sales can take place. Pokemoto is now able to sell franchises in 48 continental states, broadening its reach for entrepreneurs looking for a unique franchise opportunity with a low startup cost. Last week, Muscle Maker, Inc., the parent company of Pokemoto announced that Pokemoto opened its first New York location in White Plains, New York and its first Texas location in Highland Village, Texas. Pokemoto planted two new state flags on the map - New York and Texas bringing the brand's state count to 16 states when looking at open and coming soon locations. The company is now up to 56 franchise agreements sold with the newest agreement signed in Seekonk, Massachusetts just two weeks ago.
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BTCY | Hot Stocks09:24 EST Biotricity signs agreement with group purchasing organization - Biotricity signed an agreement with a leading group purchasing organization for national distribution of its cardiac monitoring solutions, Bioflux and Biotres. Both Bioflux and Biotres are designed for cardiologists to diagnose and monitor their patients remotely. GPO's are entities comprised of businesses organized to purchase materials or supplies from vendors in larger volumes to gain efficiency. In this case, the GPO is comprised of hundreds of small, independent US hospitals, private clinics, and medical offices that purchase medical devices and supplies at scale.
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EDSA | Hot Stocks09:24 EST Edesa Biotech reports Phase 2B study results for EB01 - Edesa Biotech announced preliminary, topline results from a Phase 2b clinical study evaluating multiple concentrations of the company's drug candidate, EB01, as a monotherapy for moderate-to-severe chronic Allergic Contact Dermatitis. The double-blind, placebo-controlled trial evaluated the safety and efficacy of EB01 in approximately 200 subjects, who were treated for 28 days with either EB01 cream or a placebo/vehicle cream. The primary efficacy outcome measurement was the mean percent improvement in symptoms from baseline at day 29 on the Contact Dermatitis Severity Index. A key secondary efficacy measurement was the success rate of subjects achieving a score of "clear" or "almost clear" with at least a 2-point improvement from baseline after treatment at day 29 on the Investigator's Static Global Assessment scale. Edesa reported that 1.0% EB01 cream demonstrated statistically significant improvement over placebo. For the primary endpoint, patients with 1.0% EB01-treated lesions demonstrated a 60% average improvement in symptoms from baseline at day 29 on the CDSI versus 39% for placebo/vehicle. The effect was also observed at 15 days and continued at follow-up. For the ISGA secondary efficacy endpoint, 53% of patients with 1.0% EB01-treated lesions achieved a score of "clear" or "almost clear" with at least a 2-point improvement from baseline after treatment at day 29. Only 29% of patients in the placebo group reached the same endpoint. No serious treatment-related adverse events were reported across all concentrations. The 2.0% and 0.2% formulations did not show significant differences compared to placebo. Dr. Nijhawan noted that while the company anticipated that the highest concentration would also outperform placebo, the favorable topline results from the 1.0% concentration represented the lowest efficacious dose and could have a number of benefits going forward, including significantly lower costs of goods. Edesa is preparing for an End of Phase 2 meeting with FDA following full analysis. The company expects to complete the analysis of the Phase 2b data by midyear.
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DIS | Hot Stocks09:23 EST Disney says Peltz 'lacks skills and experience' to help board deliver value - In slides responding to investor Nelson Peltz, Disney contended that the company's board "is the right board for shareholders" and argued that Peltz "does not understand Disney's business and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem." Reference Link
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BTB BTC | Hot Stocks09:22 EST Bit Brother Limited receives 1,400 cryptocurrency mining machines - Bit Brother (BTB), through its subsidiary Bit Brother New York, purchased 1,400 S19J Pro cryptocurrency mining servers from Grand Flourish for an aggregate purchase price of $2,329,600. Each server has a hash rate of approximate 100 TH/S. All servers are new with a warranty of 6 months. All 1,400 servers have been delivered. BTB estimates that its servers can generate a total value of 0.4717 Bitcoins (BTC) per day, and thus approximately 14.15 BTC per month, assuming all machines operate as expected.
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XBIO | Hot Stocks09:22 EST Xenetic announces notice of allowance for Canadian patent on DNase enzyme - Xenetic Biosciences announced that the Canadian Intellectual Property Office has issued a notice of allowance for Patent Application No. 3,001,543 titled, "Method to Improve Safety and Efficacy of Anti-Cancer Therapy." A patent from the recently allowed application is expected to be issued in the coming months. The allowed patent covers claims including use of a therapeutically effective amount of a DNase enzyme for preventing or ameliorating a toxicity associated with a cytostatic and/or cytotoxic chemotherapy in a subject suffering from a cancer and received or deemed to receive said chemotherapy, wherein said amount of the DNase enzyme is effective to prevent or ameliorate at least one side effect of said chemotherapy. The Company's interventional DNase based oncology platform is aimed at improving outcomes of existing treatments, including immunotherapies. The Company's exclusive license to CLS Therapeutics' intellectual property for uses of DNases in cancer include systemic co-administration of DNases along with standard therapies, including chemotherapy, radiation and checkpoint inhibitors, or along with conventional chimeric antigen receptor T therapies. Xenetic is focused on advancing its systemic DNase program into the clinic as an adjunctive therapy for pancreatic carcinoma and other locally advanced or metastatic solid tumors.
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DBKSF | Hot Stocks09:20 EST Spetz introduces Spetz Capital for Registered Service Providers - SPETZ announced it has entered into an Agreement with Lendflow to enable seamless access to capital, within the Spetz application for Spetz Service Providers. The integrated funding options, powered by Lendflow will enable Spetz Service Providers to quickly obtain funding of up to $1m in as little as 24 hours - ranging from line of credit, equipment loans, and receivables factoring. Funding is available to all Service Providers who qualify via "Know Your Business" and credit approval. Lendflow's white label solution integrates seamlessly with SaaS companies, like Spetz, that work with small and medium sized businesses in construction, transportation, e-commerce and home repair industries amongst others, to provide easier and faster access to financing. Completed funding transactions include fees split between Spetz and Lendflow, in the Agreement. Spetz and Lendflow will operate this financial service under the name Spetz Capital. Spetz' Service Providers will be able to apply for loans and other financing products at capital.spetz.app, a site developed by Lendflow exclusively for Spetz Capital.
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DUOT | Hot Stocks09:18 EST Duos Technologies releases six additional AI detection models - Duos Technologies Group announced the release of six new artificial intelligence detection models for use with the Company's Railcar Inspection Portal solution. The new offerings are the latest additions to a growing catalog of automated inspection tools that allow railcar operators to detect a wide variety of defects such as the condition of air hoses, sill steps, hand brakes, wheels and uncoupling levers. Other detections relate to coupler heights and unsecured pneumatic unloader caps all of which are operational and safety components for freight railcars. These detections can help to reduce Line-Of-Road delays, a key metric for railroad operations.
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COSM | Hot Stocks09:18 EST Cosmos announces update regarding debt balance, proforma interest expense - Cosmos Health announced an update regarding its debt balance and proforma interest expense in 2023. Cosmos Health ended 2022 with long term debt of roughly $4.6M, a reduction of $16.6M, versus the Company's 2021 debt balance of $21.2M. This is a 78% year over year debt reduction, versus the Company's previously announced guidance for a 50% year over year debt reduction by the end of 2022. The substantial reduction in debt was facilitated by the Company's $32.5M registered public offering. As a result of the reduced debt balance, Cosmos expects its interest expense in 2023 to be reduced by 72%, roughly at $0.6M, a decrease of about $1.6M versus the $2.2M interest expense expected in 2022.
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ENOV | Hot Stocks09:16 EST Enovis expands launches DynaClip bone staples - Enovis Corporation announced the launch of the DynaClip Delta and DynaClip Quattro bone staples, the latest additions to the Company's growing foot and ankle portfolio and the DynaClip family of bone fixation systems.
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PTCT | Hot Stocks09:15 EST PTC Therapeutics launches 9th annual STRIVE awards program - PTC Therapeutics announced the launch of the ninth annual STRIVE awards program. Through this program, PTC awards grants to patient advocacy organizations who are committed to developing initiatives that address the needs of the Duchenne Muscular Dystrophy community. Organizations may submit entries to fund 2023 projects focused on one of two categories: Innovation or Transition to Adulthood. "For 25 years, we have remained committed to supporting the Duchenne community," said Mary Frances Harmon, Senior Vice President, Corporate Relations, PTC Therapeutics. "We created STRIVE in 2015 to encourage and reward innovation by patient advocacy organizations by supporting their unique ideas and programs that help to address the needs of people living with Duchenne around the world. We are excited to see the 2023 submissions." The 2023 application process is now open and the deadline for submissions is March 17, 2023. Eligible organizations may submit proposals through an application form available on PTC's STRIVE website. The 2023 STRIVE grant award recipients will be announced in September.
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CMND | Hot Stocks09:15 EST Clearmind Medicine announces results from third part of preclinical study - Clearmind Medicine announced additional positive pre-clinical results in its ongoing series of research studies conducted to illuminate the tremendous potential of MEAI and its effect on substance-use-disorder. The latest in-vivo studies examined the effect of MEAI on the natural reward process as it pertains to cocaine addiction. The pre-clinical studies were led by Professor Gal Yadid from the Gonda Multidisciplinary Brain Research Center at Bar Ilan University in Israel. As previously announced, Clearmind's proprietary MEAI at a dose of 5mg/kg, demonstrated unique ability to decrease cocaine craving and potentially become the first dedicated cocaine addiction treatment. The latest research studies were designed to evaluate the effects of MEAI on natural reward, as reward-based positive reinforcement is a shared evolutionary survival strategy across species. However, in drug addiction, reward seeking becomes maladaptive and endangers survival. The purpose of this in-vivo study, was to conclude whether MEAI uses the same mechanisms that underlie the seeking of both drug and natural rewards (such as sucrose). The results demonstrated that natural reward was maintained in the MEAI-treated rats, thus showing that the effect of MEAI on drug-seeking is not related to the general reward system.
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FRC | Hot Stocks09:15 EST First Republic announces 12-person team joined First Republic Investment - First Republic Bank announced that a 12-person team led by Derek Mohamed and Justin Merola has joined First Republic Investment Management. Mohamed and Merola were each named Managing Director and Wealth Manager. Stephen Greene, Brian Kelleher and Leland Mindnich were each named Vice President and Wealth Manager. Based in the Boston area, the team will provide portfolio management, retirement planning, investment consulting and other wealth management services to individuals, families and nonprofits. Before joining First Republic, Mohamed was a Managing Director and Wealth Management Advisor at Merrill Lynch Wealth Management. Before joining First Republic, Merola was a Senior Vice President and Senior Financial Advisor at Merrill Lynch Wealth Management. Before joining First Republic, Greene was a Senior Wealth Planner at Merrill Lynch Wealth Management. Before joining First Republic, Kelleher was a Financial Advisor at Merrill Lynch Wealth Management. Before joining First Republic, Mindnich was a Senior Financial Advisor at Merrill Lynch Wealth Management.
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SISI | Hot Stocks09:13 EST Shineco entered into framework agreement relating to Wintus acquisition - Shineco announced that on January 13, 2023, the Company entered into a non-binding framework agreement with certain shareholders of Dream Partner to acquire 80% equity interests of Dream Ltd., which indirectly owns 100% equity interests of Chongqing Wintus Group, which is a private company based in China that produces specialized antiviral silk fabric materials that can be widely used in the medical, hygiene, pharmaceutical and personal health fields. According to the LOI, the total purchase price of the acquisition is estimated to be approximately $40 million which is expected to consist of cash and the Company's common stock. The LOI represents terms for a proposed transaction and will be subject to legal and financial due diligence, which includes a third-party audit and evaluation, Shineco's shareholder's approval and definitive documentation.
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FEIM | Hot Stocks09:13 EST Frequency Electronics names Tom McClelland as permanent President and CEO - Frequency Electronics announces that Tom McClelland will have the interim title removed and will serve as the company's President and CEO. Tom has served as the company's Interim President and CEO since July 8, 2022. Prior to that, Tom served as FEI's Chief Scientist and has been with the company for almost 40 years, noted the company. Frequency Electronics Board Chair, General (ret) Lance W. Lord, said: "Tom is our unanimous choice for leading FEI as President and CEO. Increasing customer satisfaction, employee productivity and shareholder value are Tom's imperatives. His advanced technical background and knowledge of where the industry is going are key attributes that will serve FEI well as we seek to position the Company for growth in next generation technologies. As FEI's future unfolds, we are confident in Tom's leadership."
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AAPL | Hot Stocks09:12 EST Apple unveils M2 Pro, M2 Max, two next-generation SoCs - Apple announced M2 Pro and M2 Max, two next-generation SoCs, systems on a chip, that take the breakthrough power-efficient performance of Apple silicon to new heights. M2 Pro scales up the architecture of M2 to deliver an up to 12-core CPU and up to 19-core GPU, together with up to 32GB of fast unified memory. M2 Max builds on the capabilities of M2 Pro, including an up to 38-core GPU, double the unified memory bandwidth, and up to 96GB of unified memory. "Only Apple is building SoCs like M2 Pro and M2 Max. They deliver incredible pro performance along with industry-leading power efficiency," said Johny Srouji, Apple's senior vice president of Hardware Technologies. "With an even more powerful CPU and GPU, support for a larger unified memory system, and an advanced media engine, M2 Pro and M2 Max represent astonishing advancements in Apple silicon."
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ASRT | Hot Stocks09:12 EST Assertio provides the LGS Foundation $100,000 educational grant - Assertio Holdings announced that it has provided the LGS Foundation a $100,000 educational grant to assist in efforts to raise awareness of LGS and provide educational materials to the LGS community. In October, Assertio acquired an exclusive license for SYMPAZAN or clobazam oral film CIV, which is approved by the U.S. Food and Drug Administration FDA for the adjunctive treatment of seizures associated with LGS in patients two years of age or older.According to the LGS Foundation, Lennox-Gastaut Syndrome or LGS is a severe epilepsy syndrome. LGS is a rare disease, about 50,000 people in the United States have LGS. It is generally diagnosed between the ages of 3 and 5, but some people aren't correctly diagnosed until much later. People with LGS may have many different types of seizures, and the condition can be complex to manage. Some people with LGS also experience cognitive and behavioral challenges.
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FSBW | Hot Stocks09:11 EST FS Bancorp announces receipt of fegulatory approvals to Buy branches - FS Bancorp, the parent company of 1st Security Bank of Washington, announced that all required regulatory approvals had been received for 1st Security Bank to purchase seven branches from Columbia State Bank, a subsidiary of Columbia Banking System, in Washington and Oregon. The completion of the transaction remains subject to customary closing conditions and is expected to occur on February 27, the company noted.
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CVCO | Hot Stocks09:11 EST Cavco Industries launches new affordable home digital marketplace - Cavco Industries has launched cavcohomes.com, its new consumer-facing affordable home marketplace, making it easier to discover and shop its manufactured homes, modular homes and park models, as well as find local retailers and communities. This brand-integrated website conveniently represents homes from six of Cavco's well-known homebuilder brands in one place, providing floor plans, photos, videos, virtual tours and more - easily accessible from any smart device. This new platform is the culmination of a large-scale project to consolidate the company's national brand presence and accelerate its continued growth. "The modular MACH architecture of their new digital marketplace positions Cavco with a dynamic, scalable platform to incorporate new channels and digital commerce paths while also leveraging the use of their internal team of front-end developers to support and grow the solution into the future," said JM Guthrie, Chief Customer Officer for Authentic, the digital agency working with Cavco on this project.
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CLRO | Hot Stocks09:10 EST ClearOne regains compliance with Nasdaq's minimum bid price requirement - ClearOne announced that it received a letter from Nasdaq on December 23, 2022, notifying ClearOne that, because ClearOne's stock has traded above $1.00 for 10 consecutive business days, ClearOne has regained compliance with Nasdaq Listing Rule 5550(a)(2). "We are pleased to regain compliance with Nasdaq Listing Rules and to begin 2023 with a record cash position of over $57 million. We look forward to beginning an exciting new chapter of the ClearOne story that is full of promise and opportunity. As a first step, we repaid the $2 million bridge loan that we borrowed in October 2022," said Derek Graham, ClearOne's Interim CEO. "After paying applicable taxes, we plan to use our cash to aggressively pursue revenue growth, eliminate debt, and reward our shareholders for their steadfast support of ClearOne through the difficult times we have faced in the past. We feel we have a bright future ahead of us," added Graham.
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JCI | Hot Stocks09:09 EST Johnson Controls, Cobalt Robotics announce collaboration agreement - Cobalt Robotics, a machine-learning company that automates repetitive manual security and facility tasks with autonomous robots around the world, announced a new collaboration with Johnson Controls. Johnson Controls C*CURE 9000 access control and event management system is now integrated with Cobalt's remote guard service which includes AI robotics, machine-learning software and human oversight, the companies said in a statement.
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INOD | Hot Stocks09:09 EST Innodata selected by 'leading' cloud infrastructure platform for data collection - Innodata announced it has been selected by a "leading cloud infrastructure and platform services company" to provide large-scale data collection for a new AI computer vision initiative. "In this latest win, Innodata will be responsible for collecting training data that is large-scale, high-quality and diverse. These are three key criteria for ensuring that AI performs well with real-world data," said Jack Abuhoff, Innodata CEO. Innodata anticipates the win will yield approximately $1M of revenue, the company noted.
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CPXWF SJR | Hot Stocks09:09 EST Capital Power announces 15-year renewable energy agreement - Capital Power Corporation has entered into a 15-year agreement with Shaw Communications Inc., a leading Canadian connectivity company, for the purchase of approximately 30 megawatts (MW) of renewable energy from the recently completed Clydesdale Solar facility beginning on the facility's commercial operation date of December 13, 2022. The renewable energy is bundled with 100% of the associated greenhouse gas offsets and environmental attributes generated from Shaw Communication's share of the facility's generation output. Combined with a previously announced virtual power purchase agreement, the Clydesdale Solar facility's capacity is now approximately 90% contracted over a 15-year term. The construction of Clydesdale Solar was completed on schedule. Located on privately owned land in the Municipal District of Taber, Alberta, the 75-MW facility is Capital Power's second solar facility to achieve commercial operations in Canada. The Clydesdale Solar facility is projected to generate approximately 170 GWh of renewable energy in the first year of operations. This renewable energy agreement represents a total carbon displacement of approximately 335,400 tCO2e, which is equivalent to taking a total of more than 102,900 cars off the road.
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NVEI VTEX | Hot Stocks09:08 EST Nuvei, Vtex announce global partnership agreement - Nuvei Corporation (NVEI) and VTEX (VTEX) announced a global partnership that will provide greater flexibility and customization for retailers as VTEX expands deeper into Latin America and new markets across Asia Pacific, North America and Europe. "Most companies today force brands to choose between customization or agility. At VTEX, we take a different approach. We deliver unprecedented time-to-revenue with an extensive set of capabilities. That is why this partnership is so strategic," said Santiago Naranjo, Chief Revenue Officer at VTEX. "From the outset, Nuvei understood our clients' needs and showed how to customize payments technology at speed with scale," Naranjo added.
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NET | Hot Stocks09:08 EST Cloudflare appoints Winslow as VP of Strategic Finance, Treasury, IR - Cloudflare announced the appointment of Phil Winslow as Vice President, VP, of Strategic Finance, Treasury, and Investor Relations, IR. Winslow previously covered Cloudflare as a financial analyst at Credit Suisse, where he was the global head of the software team, and at Wells Fargo. Winslow will be responsible for ensuring the company's long-term financial strategy is optimized for growth and profitability, managing its capital structure and treasury processes to support strategic goals and operational objectives, and overseeing investor relations.
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ALBT | Hot Stocks09:07 EST Avalon issues 'key' U.S. patent for protein receptor molecules - The company states: "Avalon GloboCare announced that the United States Patent and Trademark Office has issued U.S. Patent No. 11,555,060, titled "QTY Fc Fusion Water Soluble Receptor Proteins." The issued claims cover the composition of matter and methodology for multiple novel QTY-code modified cytokine and chemokine protein receptor molecules. The patent was jointly filed with Dr. Shuguang Zhang of the Massachusetts Institute of Technology. The "QTY Code," is a breakthrough technology that can turn difficult to work with water-insoluble transmembrane receptor proteins into water-soluble proteins, greatly enhancing the solubility of designer peptides and proteins, therefore expanding the repertoire of selected therapeutic targets against cancers and other diseases."
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LINK | Hot Stocks09:07 EST Interlink Electronics reports FY22 revenue $7.5M - Interlink Electronics announced an investment gain realized in 2022 and disclosed preliminary financial results for FY22. The company realized a non-operating gain of approximately $2.45M on a passive investment of approximately $6M it made earlier in 2022 in public equity securities, for a return of over 40%. This gain more than offset the operating loss preliminarily estimated at $700K the company incurred for the year on revenues of approximately $7.5M and will help to fund the company's investment in executive talent and its acquisition program. "We invested heavily in executive talent in 2022, and this gain provides more than enough funding for those investments and for the previously-announced acquisition of KWJ Engineering and SPEC Sensors in December 2022," said CEO Steven Bronson. "We will continue those investments in 2023, which will impact our earnings, but we believe it's prudent to support our acquisition strategy of complementary sensor and printed electronics companies to accelerate our growth and increase long-term profitability."
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RUM | Hot Stocks09:07 EST Power Slap and Rumble expand global content partnership - Rumble, the video-sharing platform announced an expanded content partnership with Power Slap, the world's premier slap fighting organization. Rumble will become Power Slap's Official Digital Platform for the debut of its flagship television program Power Slap: Road to the Title globally in all countries outside of the United States, starting with the series premiere tomorrow.In addition to Dana White's "If You Don't Know" short form exclusive that will be posted exclusively to Rumble on Tuesdays starting today, Rumble users will also have exclusive access to After Slap, a recap show hosted by Dan Hellie and Charly Arnolt and featuring special guests. After Slap will debut in the United States on Wednesdays at 11:00 p.m. ET after each episode of Power Slap: Road to the Title.
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HLIO | Hot Stocks09:07 EST Helios Technologies signs definitive agreement to acquire Schultes Precision - Helios Technologies has entered into a definitive agreement to acquire Schultes Precision Manufacturing. Schultes is a specialist in manufacturing precision machined components and assemblies for customers requiring very tight tolerances, superior quality, and exceptional value-added manufacturing processes. Josef Matosevic, Helios' President and Chief Executive Officer, commented, "Schultes is an excellent bolt-on flywheel acquisition to add to our Hydraulics segment. It brings process technology and know-how that advances our ability to serve our customers with a broader product and solutions portfolio. It also expands and diversifies our markets and continues to optimize our manufacturing and operating footprint. Schultes is yet another strong standalone business with a healthy margin profile that fits perfectly into our Hydraulics business. This transaction is another milestone that further validates that we are making great progress against our augmented strategy and long-term goals." Helios expects to close the transaction in the first quarter of 2023, subject to customary closing conditions. Terms of the acquisition were not disclosed.
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AYRO | Hot Stocks09:07 EST AYRO, Masters Golf Carts announce partnership for AYRO Vanish - AYRO announced a partnership with Masters Golf and Utility Vehicles, a dealer and fleet solutions provider for the Ontario Province of Canada. "This new partnership is key for AYRO as it makes the AYRO Vanish available throughout Ontario and in nearby Toronto," said AYRO CEO Tom Wittenschlaeger. "Ontario has the largest population and largest opportunity for business applications for the AYRO Vanish in all of Canada. In addition the City of Toronto is seeking to transition its government fleet vehicles to electric, which also aligns with our product and vehicle offerings."
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AIMD | Hot Stocks09:07 EST Ainos CEO says 'sharpening focus' on advancing commercialization - Ainos published a shareholder letter from Ainos' Chairman of the Board, President, and CEO, Chun-Hsien Tsai, which stated in part: "2022 was a year of growing inflation, rising interest rates, and broad-based declines in the equity capital markets. Entering 2023, we can see light at the end of the tunnel; the Federal Reserve seems to be slowing the pace of rate increases and markets expect a pullback of monetary tightening as inflation eases off its highs. As we continue our growth path toward becoming a multi-product medtech company, we are sharpening our focus on advancing the commercialization of our product pipeline. Our strategic priorities remain our key VOC POCT and VELDONAB. technologies, both of which made significant and encouraging progress during 2022. First and foremost, we completed our uplisting to the Nasdaq Capital Market and our common stock and warrants began trading under the tickers 'AIMD' and 'AIMDW,' respectively, in August 2022. This new milestone in our corporate development strengthens our brand equity and provides us with broader access to capital and the global investment community. Our two major near-term growth drivers, Ainos Flora and VELDONAB., remain on their promising development trajectories, further enhancing our confidence in their monetization potential."
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VRNS | Hot Stocks09:06 EST Varonis introduces least privilege automation - Varonis Systems announced a new milestone in cloud security with the release of least privilege automation for Microsoft 365, Google Drive, and Box - a new capability that continuously removes unnecessary data risk without human intervention. This innovation furthers Varonis' mission to deliver effortless data security outcomes to customers. Unlike other solutions that take an all-or-nothing approach, Varonis' cloud-native platform makes intelligent decisions about who needs access to data and who doesn't based on usage, data sensitivity, and exposure. Organizations can customize remediation policies to fit their security and compliance requirements, and least privilege automation continually enforces them without impacting collaboration.
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OSIS | Hot Stocks09:06 EST OSI Systems receives $200M+ international order for inspection system - OSI Systems announced that its Security division has received an award with a value exceeding $200M from an international customer to provide security infrastructure utilizing the Company's broad portfolio of cargo and vehicle inspection systems, which include mobile and fixed platforms. In addition to providing these systems, the Company expects to manage the civil works to support the deployments, and provide operator training and follow-on maintenance. OSI Systems' Chairman and CEO, Deepak Chopra, stated, "We are delighted to utilize our proven solutions for this major security initiative, which further expands our presence in a key region. We have extensive experience on major security programs worldwide and now look forward to supporting this customer's efforts to improve security."
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WISH | Hot Stocks09:06 EST Wish announces integrations with ShipStation and ShippingEasy - ContextLogic announced its partnership with two Auctane brands: ShipStation, the world's leading cloud-based ecommerce shipping solution, and ShippingEasy, the easy-to-use, cloud-based shipping, tracking, and customer marketing platform for ecommerce sellers. As part of the agreement, Wish merchants in the US, Canada, UK, Australia and New Zealand will gain access to both ShipStation and ShippingEasy fulfillment software. "We're always looking for ways to team up with best-in-class partners to provide more value for our global merchant base, while also positively impacting our consumer experience," said Mauricio Monico, Chief Merchant Officer, Product Management at Wish. "I am pleased that our merchants will benefit from access to significantly discounted shipping rates, as well as more resources and end-to-end support across every stage of fulfillment." "We aim to help our merchants make connections with new customer bases, and consumers increasingly want to shop on their phones. We're thrilled to offer our merchants access to the fast-growing mobile marketplace, in tandem with our leading ecommerce workflow capabilities," said Robert Gilbreath, General Manager of ShipStation.
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CURR | Hot Stocks09:06 EST CURE Pharmaceutical to change name to Avenir Wellness Solutions - CURE Pharmaceutical Holding Corp. announced that it has changed its name to "Avenir Wellness Solutions, Inc. which will be the name for the company as a corporate entity. The name change is the result of the company's recent sale of certain intellectual property, the company said in a statement. This rebranding is part of the company's shareholder value initiatives and ongoing commitment to delivering innovative and highly desired wellness technologies to the marketplace, it added.
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DASH SBUX | Hot Stocks09:05 EST DoorDash, Starbucks set to expand delivery partnership nationwide - Starbucks Coffee (SBUX) and DoorDash (DASH) announced the expansion of their partnership with new delivery service launching today in Northern California, Texas, Georgia, Florida and other select markets. Starbucks delivery via DoorDash will expand to additional markets over the coming months, with full nationwide availability anticipated in all 50 states by March 2023. This expansion follows on the heels of positive feedback from a successful pilot in Atlanta, Houston, and Sacramento, and additional market expansion in Seattle, Portland, and New York City last year. Through the partnership and as the largest local commerce platform in the country, DoorDash provides a delivery platform to enable increased, convenient access to Starbucks nationwide. "As customer behaviors evolve, we continue to innovate the Starbucks Experience to connect with them through meaningful and valuable digital experiences. Our partnership with DoorDash allows us to provide our customers with another convenient way to enjoy Starbucks wherever they are," said Brooke O'Berry, Starbucks senior vice president of digital experiences. "Delivery continues to be a significant growth opportunity for Starbucks, and we're excited to reach more customers by partnering with DoorDash, a company known for their best-in-class service."
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POCI | Hot Stocks09:05 EST Precision Optics receives $2.3M follow-on production order from large customer - Precision Optics received a follow-on production order totaling approximately $2.3M from a large medical device company for an otoscopy application to meet enhanced demand for the product. The order is expected to be delivered over the next 12 to 24 months commencing in early 2023. Precision Optics has supplied optical assemblies to the customer since 2018. Due to the impact of the pandemic, however, production of the assemblies had halted in December 2020.
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WTHVF | Hot Stocks09:04 EST Westhaven Gold announces drill results at Shovelnose Gold Property - Westhaven Gold announced drill results from its drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Westhaven is reporting assays for 22 holes from its drill campaign at Shovelnose. An additional 10 holes are in the lab pending assays. Gareth Thomas, President & CEO, comments: "We have now drilled greater than 450 gram-metre gold intercepts on three separate zones at Shovelnose gold property. This latest intercept at Franz, is 1km northwest from the hole at the FMN zone where we drilled the highest gold-silver intercept ever on the property at 857 gram-metres gold, and 2.3km from the 1.1-million-ounce gold equivalent resource at South Zone. The recent Franz drilling is significant because the mineralization starts at surface, is easily accessible, and bonanza grade. Hole SN22-333 was collared 50m from SN20-101 which was the best hole drilled at Franz until now. Drilling at the Franz will resume shortly with the view of stepping out to the northwest to test for the extension of this high-grade intercept." Recent Highlights: SN22-333 : Franz: 3.70 metres of 39.27 g/t gold and 55.81 g/t silver; 12.00m of 39.42 g/t Au and 51.81 g/t Ag, including 6.20m of 73.51 g/t Au and 92.37 g/t Ag. SN22-334 : Franz: 50.38m of 1.09 g/t Au and 6.37 g/t Ag, including 1.42m of 27.47 g/t Au and 119.40 g/t Ag. These recent Franz drill results are significant because, in conjunction with previous drilling, they demonstrate the subsurface continuity of bonanza grade mineralization extending from immediately beneath the exposed bedrock outcrop to a depth of about 60m. Next steps to establish a resource within this 165m long vein system, and to potentially facilitate the collection of a larger surface sample, would be additional shallow drilling, preliminary metallurgical test work and enhanced environmental baseline studies. Peter Fischl, Exploration Manager, comments: "Drilling continued through the Fall on Shovelnose, focusing on the FMN and Franz targets. A series of 50m spaced step-outs were completed on Vein Zone 1, tracing the zone northwestward to the Franz-FMN cross-fault. The zone and flanking rhyolite dykes are displaced by about 170m to the southwest, where they outcrop as the Franz showing. Drilling continued to Franz to confirm and better define higher grade mineralization at surface, immediately west of the cross-fault. This outcropping of Vein Zone 1 at Franz likely represents the uplift of the Franz block by tens of metres on the west side of the Franz-FMN cross-fault. The control of higher grades along Vein Zone 1 may in part be due to the presence of syn-mineral cross-structures, some of which may have been reactivated as post-mineral cross-faults, such as the Franz-FMN cross-fault. The higher grades encountered at Franz immediately west of the Franz-FMN cross-fault may be related to the intersection of Vein Zone 1 and this cross-structure. Vein Zone 1 is being reassessed for such structures, for example in the southeastern part of FMN towards the Tower Target, in an area of looser spaced drilling that may have missed such mineralization."
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MS | Hot Stocks09:04 EST Morgan Stanley says 'we do not believe NII has peaked' - Sees 5% expansion of NII in Q1. Expects pace of NII to moderate. Says "encouraged" by levels of client engagement.
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CTLP DFS | Hot Stocks09:03 EST Cantaloupe appoints Novoseletsky as Chief Legal, Compliance Officer - Cantaloupe (CTLP) announced that Anna Novoseletsky has been appointed Chief Legal and Compliance Officer & General Counsel, Corporate Secretary effective January 17, 2023. Novoseletsky is a seasoned attorney with expertise in global payments, digitization, and e-commerce. She joins Cantaloupe from Discover Financial Services (DFS) where she was VP & Associate General Counsel, and Head of Legal.
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ABT | Hot Stocks09:02 EST Abbott's Navitor approved by FDA for aortic stenosis - Abbott announced that the FDA has approved the company's latest-generation transcatheter aortic valve implantation - TAVI - system, Navitor, to treat people with severe aortic stenosis who are at high or extreme risk for open-heart surgery. The Navitor TAVI system is the latest addition to the company's transcatheter structural heart portfolio. For patients with severe aortic stenosis who are at high or extreme surgical risk due to the potential complications stemming from age, frailty, or having multiple other diseases or conditions, physicians may opt for a minimally invasive procedure using TAVI therapies such as the Navitor system.The Navitor device is implanted using Abbott's FlexNav delivery system.
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AIM AZN | Hot Stocks09:02 EST AIM ImmunoTech in pancreatic cancer research pacts with AstraZeneca - AIM ImmunoTech (AIM) announced it has entered into an external sponsored collaborative clinical research agreement with Erasmus MC and AstraZeneca (AZN). Under the agreement, Erasmus MC is planning to perform an investigator-initiated clinical study, entitled "Combining anti-PD-L1 immune checkpoint inhibitor durvalumab with TLR-3 agonist rintatolimod in patients with metastatic pancreatic ductal adenocarcinoma for therapy effect. DURIPANC Study," in which it will use both Study Drugs provided by AstraZeneca and AIM ImmunoTech. "We have been diligently working to advance the development of Ampligen as a synergistic combination therapy with checkpoint inhibitors based on the promising data demonstrated to date. In the previously conducted human clinical studies, Ampligen has shown synergistic potential with PD-1 checkpoint blockade therapeutics. We are thrilled to take this important step forward in clinical development in collaboration with AstraZeneca and its PDL-1 therapy, durvalumab, and further unlock the potential of Ampligen for the treatment of pancreatic cancer where there remains significant unmet need," commented Thomas K. Equels, MS JD, Chief Executive Officer of AIM.
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HLBZ | Hot Stocks09:01 EST Helbiz announces discontinuation of operations in non-profitable markets - Helbiz announced that it will be discontinuing operations in non-profitable or cash-positive markets by spring 2023. The decision was reached following a comprehensive review of the Company's operations and a determination that certain markets do not possess the necessary conditions for profitability in the near term. The review revealed that these markets are characterized by a lack of robust regulatory frameworks, high levels of competition, an oversupply of vehicles, and overcrowded streets - all of which impede the Company's ability to achieve profitable margins. Helbiz has already initiated the process of exiting these markets on a global level, with 90% of exits already completed. The current focus is on optimizing operations in more favorable operating environments and markets as an integral part of Helbiz's main objective in achieving profitability. "We have conducted a thorough review of our operations and have determined that these markets do not have the necessary conditions to achieve profitability in the short term. We will be shifting vehicles from our under-performing markets to those with healthy margins and near-term growth prospects," said Salvatore Palella, CEO of Helbiz.
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AMV | Hot Stocks08:59 EST Atlis says investments in alternative fuels and hydrogen should be minimized - Atlis Motor Vehicles released the following statement after the Biden-Harris administration issued the first-ever U.S. National Blueprint for Transportation Decarbonization, developed by the US departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency outlining plans to decarbonize transportation nationwide. Mark Hanchett, Atlis Motor Vehicles' Founder and CEO, said: "After reviewing the Blueprint, we believe investments in alternative fuels and hydrogen should be minimized, and more focus should be placed on proven technologies with tremendous growth potential. Additional resources should be concentrated toward funding companies in industries focused on the development of cleaner heavy equipment, especially for those in rural communities across America. The team at Atlis Motor Vehicles would be happy to discuss such innovative recommendations with officials, as Atlis is committed to increasing the nation's energy security, improving public health, and advancing the administration's clean transportation agenda." "The Government plays an important role in fostering environments in which businesses may thrive and develop cutting-edge solutions to push our nation forward in its quest to decarbonize and become energy independent. Hopefully, this blueprint will successfully drive attention and resources towards the advancement of new technology, though I believe this effort should be led from the private sector."
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KMX | Hot Stocks08:57 EST CarMax launches online pre-qualification capability - CarMax announces the national launch of its pre-qualification capability - a new online financing experience that empowers customers with the ability to shop CarMax vehicles nationwide with personalized financing terms, with no impact to their credit score. Pre-qualified customers will know their terms on vehicles across CarMax's inventory within minutes, including monthly payment and APR.
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RIG | Hot Stocks08:56 EST Transocean announces proposed private offering of $1.175B - Transocean announced that Transocean Inc., its wholly-owned subsidiary has commenced an offering of U.S. $1.175 billion aggregate principal amount of senior secured notes due 2030 to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. In addition, the Notes will be guaranteed on a senior secured basis by certain of Transocean Inc.'s subsidiaries that guarantee the existing 7.75% Senior Secured Notes due 2024 issued by Transocean Phoenix 2 Limited, 5.875% Senior Secured Notes due 2024 issued by Transocean Guardian Limited 6.25% Senior Secured Notes due 2024 issued by Transocean Proteus Limited and 6.125% Senior Secured Notes due 2025 issued by Transocean Pontus Limited, in each case, up to a secured guarantee cap equal to the principal amount of such notes being refinanced. Accordingly, Transocean Inc.'s subsidiaries that guarantee the Thalassa Notes, the Guardian Notes, the Proteus Notes and the Pontus Notes, will be subject to a Secured Limited Guarantee Cap on the Notes equal to $247 million, $320 million, $256 million and $352 million, respectively. The Notes will also be secured by a lien on Deepwater Thalassa, Deepwater Proteus, Transocean Enabler, Transocean Encourage and Deepwater Pontus and certain other assets related to the Collateral Rigs, up to the applicable Secured Limited Guarantee Cap.
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MS | Hot Stocks08:56 EST Morgan Stanley says business model 'performed well in a challenging environment' - Expects additional ~$325M of integration expenses in 2023, spread evenly though the year.
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OSS | Hot Stocks08:55 EST One Stop Systems receives $3M AI compute order - One Stop Systems has received a $3 million dollar order from a prime military contractor to upgrade a radar simulation system operated by the U.S. Department of Defense Missile Defense Agency. The order includes deliveries of OSS 4UV compute accelerators systems, each powered by eight of the most powerful PCIe Gen4 Tensor Core GPUs available on the market today and using proprietary OSS Gen 4 PCI express-over-cable technology. The systems will be deployed in edge mobile radar systems and datacenters where they will be used for lab and field artificial intelligence training. OSS commenced system shipments in the fourth quarter of 2022, with remaining units to be delivered in the first half of 2023.
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BGXX | Hot Stocks08:54 EST Bright Green Provides update on progress ahead of 'multiple activities' - Bright Green Corporation provided an update on progress on the execution of its business plan and the developments ahead for 2023.Following the U.S. Drug Enforcement Administration DEA inspection of Bright Green's agricultural complex, including its pre-existing facilities, as well as greenhouses and manufacturing facilities, in September 2022, the Company are very pleased to announce the completion of its processing facilities and have now scheduled a "dry run" audit, testing both the SOP's and processing capabilities as a requirement before final registration. "We thank the DEA for their support and their continuous visits to our state-of-the-art agricultural and schedule 1 manufacturing complex in Grants," said Terry Rafih, Chief Executive Officer and Chairman of the Board of Bright Green. "We have also been focused on the capital requirements to execute on the next phase of our facilities and the completion of our business plan. Meeting these goals will further enhance our capabilities throughout 2023 and 2024 as our capital needs are achieved. I am also pleased with the Bright Green teams' progress and as a result the Company will move forward with building revenue and creating a significant future for our stakeholders. We have now established our leadership role in the medical siThe Company has also recently executed a Letter of Intent with Alterola Biotech Inc. , a U.K.-based pharmaceutical company focused on developing cannabinoid and cannabinoid-like medicines and products, for the supply of cannabinoid Botanical Raw Material BRM and Active Pharmaceutical Ingredients APIs in preparation for the release of appropriate product, which also further enhances the relationship between the Company and Alterola as previously announced.de of this emerging market and expect to play a significant role in the United States as well as worldwide."...
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IMXI | Hot Stocks08:54 EST International Money Express appoints Christopher Hunt as COO - International Money Express announced several executive leadership changes effective immediately to support the Company's continued innovation and success. Christopher Hunt, who has served as Chief Information Officer of the company since March 2021, will move to the role of acting Chief Operating Officer. Chris will continue his oversight of technology for the business while adding product development, product operations, and facilities to his responsibilities. Chris' appointment will become permanent upon customary regulatory approval. Joseph Aguilar, who has served as Chief Operating Officer of the company since October 2019, will become President and General Manager - Latin America. In his new position, Joseph will be focused on all existing functions within Mexico and Guatemala, and in future Intermex operations in Latin America.
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ENCP | Hot Stocks08:53 EST Energem Corp. secures standby equity purchase agreement with Yorkville - Energem entered into a definitive $200 million Standby Equity Purchase Agreement with YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global and Graphjet Technology Sdn. Bhd., a Malaysian private limited company and pioneering leader in the production of innovative, green, and low-cost graphene, graphite and graphene-based materials. As previously announced, Energem and Graphjet entered into a definitive share purchase agreement that will result in Graphjet becoming a wholly-owned subsidiary of Energem, and Energem to be renamed Graphjet Technology and is expected to be listed on the Nasdaq Global Market under the ticker symbol "GTI". Completion of the announced Business Combination remains subject to clearance by the Securities and Exchange Commission of Energem's Form S-4 and approval by shareholders of both Energem and Graphjet. Under the terms of the SEPA, and subject to the Closing of the Business Combination, Graphjet Technology will have the right, but not the obligation, in its sole discretion, to issue and sell to the Investor up to $200 million in Graphjet Technology's ordinary shares, based on its funding requirement at any time during the 36 months and the effectiveness of a registration statement with the Securities and Exchange Commission registering Graphjet Technology's ordinary shares issuable pursuant to the SEPA and other terms and customary conditions set forth in the SEPA.
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SI | Hot Stocks08:53 EST Silvergate Capital up 6% in pre-market trading at $14.00 after Q4 results
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BCAN | Hot Stocks08:52 EST BYND Cannasoft files U.S. provisional patent for EZ-G device - BYND Cannasoft Enterprises announced that in addition to the US Provisional Patent Application with serial number 63/297,009 that was filed on January 6, 2022, covering the monitoring and controlling aspects of its EZ-G device, the company filed a full-scale PCT application on January 5, 2023, under serial number PCT/IL2023/050016. The PCT application is based on BYND Cannasoft's prototype of the EZ-G device that is currently under development and its operational aspects as a learning adult device. The PCT application further claims priority from the US Provisional application and covers an adult device with a structure and one or more moving and vibrating elements. In addition to potentially treating annoying phenomena in the female reproductive system, the EZ-G device includes technological advancements as a sex toy with a more realistic experience. The EZ-G device prototype uses sensors like a pressure sensor, temperature sensor, conductivity sensor, and heart rate sensor to determine what specifically enhances the users' pleasure. The EZ-G device uses artificial intelligence (AI) to transmit and receive data from the device's sensors on conditions of the user's sexual organs, such as moisture levels and pressure variations due to muscle contraction. The EZ-G prototype includes a Bluetooth component for controlling the adult device via an app installed on a smartphone or other portable device to collect user information about preferences and generate custom programs. The data collected from the sensors is uploaded to the secured cloud, where it is combined with other antonymic user's preferences, including the actual duration of operation of the adult device, lubrication level, and the ideal vibration level. This information optimizes the operation of the device to satisfy the user sexually. The EZ-G device uses the collected secured data to learn the users' responses and improve its operation to bring the user sexual satisfaction.
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CNNEF | Hot Stocks08:50 EST Canacol Energy announces share consolidation - Canacol Energy announced that, following shareholder approval of a consolidation of the common shares of the Corporation on the basis of five existing pre-consolidation Common Shares for every one post-consolidation Common Share at the special meeting of the shareholders of the Corporation held on December 19, 2022, it has filed articles of amendment implementing the Consolidation. The Common Shares will continue to be listed on the Toronto Stock Exchange under the symbol "CNE" and the Common Shares are expected to begin trading on a post-Consolidation basis on the TSX on or about January 20, 2023. Following the Consolidation, the new CUSIP number for the Common Shares is 134808302 and the new ISIN for the Common Shares is CA1348083025. In order to protect the interests of Canacol's shareholders holding their Common Shares through the Bolsa de Valores de Colombia and to avoid operational difficulties resulting from the Consolidation process, the BVC has decided to halt the trading of the Common Shares on the BVC starting on January 17, 2023. It is expected that trading of the Common Shares on the BVC will resume on a post-Consolidation basis on or about January 20, 2023. Trading of the Common Shares on the TSX will not be halted. As a result of the Consolidation, the 170,557,290 Common Shares issued and outstanding prior to the Consolidation have been reduced to approximately 34,111,458 Common Shares. Each shareholder's percentage ownership in the Corporation and proportional voting power remains unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any resulting fractional Common Shares.
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SPRC CMND | Hot Stocks08:50 EST SciSparc: Clearmind's MEAI 'may be effective' to treat cocaine addiction - SciSparc (SPRC) announced additional positive pre-clinical results in ongoing series of research studies of treatment for cocaine using MEAI, a novel psychedelic molecule of Clearmind Medicine (CMND), The results are in connection with the ongoing collaboration between the Company and Clearmind and the provisional patent application for treating cocaine addiction with Clearmind, based on SciSparc's CannAmide active ingredient Palmitoylethanolamide and Clearmind's MEAI. The patent application was submitted to the United States Patent and Trademark Office in June. The pre-clinical studies were led by Professor Gal Yadid from the Gonda Multidisciplinary Brain Research Center at Bar Ilan University in Israel. As previously announced on August 24 Clearmind's proprietary MEAI at a dose of 5mg/kg, may be effective in the treatment of cocaine addiction by decreased craving for cocaine. The latest research studies were designed to evaluate the effects of MEAI on natural reward, as reward-based positive reinforcement is a shared evolutionary survival strategy across species. However, in drug addiction, reward seeking becomes maladaptive and endangers survival. The purpose of this in-vivo study was to conclude whether MEAI uses the same mechanisms that underlie the seeking of both drug and natural rewards. The results demonstrated that natural reward was maintained in the MEAI-treated rats, thus showing that the effect of MEAI on drug-seeking is not related to the general reward system.
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MS | Hot Stocks08:50 EST Morgan Stanley says macro backdrop created challenges in 2022 - Expects C/C wealth and investment management business to become increasingly larger part of pre-tax profit going forward. Says "steadily building" fixed income franchise. Says capital position provides "enormous flexibility." Says has ~200 bps of excess capital over regulatory requirement of 13.3%. Targeting long term client assets of $10T. Comments taken from Q4 earnings conference call.
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WWR | Hot Stocks08:49 EST Westwater Resources announces executive management changes - Westwater Resources announced that its Board of Directors appointed Frank Bakker as Westwater's new President and Chief Executive Officer effective immediately. Bakker has been serving as Westwater's Vice President and General Manager - Alabama Graphite Products. Bakker previously served as CEO for US Methanol LLC in Charleston, West Virginia, and as President and CEO for OCI Partners LP in Beaumont, Texas. The Board also promoted Steven Cates, Westwater's Vice President - Finance and Chief Financial Officer to Senior Vice President - Finance and Chief Financial Officer, and John Lawrence, Westwater's General Counsel and Corporate Secretary, was promoted to Chief Administrative Officer while retaining his other roles.
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GROM | Hot Stocks08:49 EST Grom Social's Curiosity Ink Media acquires stake in Hey Fuzzy Yellow! - Grom Social Enterprises announced that Curiosity Ink Media, Grom's original content generator and prolific storytelling division, has acquired an equity stake in Hey Fuzzy Yellow!, an emerging original musical series and franchise entertainment brand for preschoolers. In securing the stake, Curiosity and Grom are partnering with international global production and distribution powerhouse, Toon2Tango GmbH & Co. KG, to co-produce the franchise's centerpiece series. Hey Fuzzy Yellow!, created and developed by Mundefinedns Swanberg and Toon2Tango, expertly blends original music, comedy and edutainment curriculum for preschoolers, will pursue ancillary brand extensions that advance the show's goal of imparting important and accessible life lessons while encouraging critical thinking skills through exploration and play. Hey Fuzzy Yellow! has secured financing and programming commitments from several international broadcasters and is planned to enter production this year. Additionally, pre-sales for the property will continue in February, when the series will be offered to international program suppliers at the 2023 Kidscreen Summit conference in Miami, an annual gathering of global programming services and content producers.
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ISUN | Hot Stocks08:48 EST iSun wins two more solar contracts valued at nearly $6M - iSun announced that it was awarded two new contracts valued at nearly $6M combined to implement renewable energy solutions for community solar projects in Northern New England. The first project award is for 4.07 MW and has a value of approximately $4.4 million; The second award of 1.4 MW is valued at approximately $1.5 million; These two new contracts bring recent awards to more than $20 million and a total of nearly 25 MW in Northern New England; Both projects are underway and expected to be completed in 2023. "We're very pleased with our recent contract awards in two more communities as we assist more residents across northern New England in implementing alternative energy solutions," said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. "These awards, combined with our other recently announced wins, secure more than $20 million in contracts for iSun throughout New England as we show continued success in cultivating long-term customer relationships. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more communities in achieving alternative energy solutions."
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BWV | Hot Stocks08:48 EST Blue Water appoints Timothy Ramdeen to board of directors - Blue Water Vaccines announced the appointment of Timothy Ramdeen to its board of directors. Mr. Ramdeen has nearly a decade of experience in private equity and hedge fund investing, capital markets, and company formation. Since June 2022, Mr. Ramdeen has been founder and managing partner of Dharma Capital Advisors, an investment and advisory firm focused on early-stage private and public companies. From March 2021 to March 2022, Mr. Ramdeen was co-founder, chief investment officer, and portfolio manager at Sixth Borough Capital Management, a multi-stage, event-driven hedge fund focused on both private and public equities.
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TOMZ | Hot Stocks08:47 EST Tomi announces NHS Wales purchases SteraMist iHP technology - TOMI Environmental Solutions announces that the National Health Services Wales purchased SteraMist ionized Hydrogen Peroxide technology further expanding presence in Great Britain.
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NVGS | Hot Stocks08:46 EST Navigator Holdings acquires second vessel under Greater Bay Gas JV - Navigator Holdings announced the second vessel acquisition under its 60/40 joint venture with Greater Bay Gas, previously announced on September 30, 2022. The Joint Venture announced the purchase of its first of five vessels on December 20, 2022. The vessel, renamed Navigator Solar, is a 17,000 cbm liquefied ethylene gas carrier, built in 2018 and was delivered on January 16, 2023. The remaining vessels expected to be purchased over the next 12 months by the Joint Venture are three 22,000 cbm, 2019-built ethylene carriers. As previously announced, all five vessels will continue to be commercially managed under the Luna Pool collaboration arrangement, and technical management will be provided by the third-party technical manager, PG Shipmanagement Pte. Ltd. of Singapore.
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CRMD | Hot Stocks08:45 EST CorMedix appoints Erin Mistry as EVP, CCO - CorMedix announced the following promotions within the organization: Erin Mistry, SVP Commercial, has been promoted to EVP and Chief Commercial Officer. Ms. Mistry will have oversight and responsibility for all commercial launch strategy for DefenCath and the build out of launch infrastructure, including but not limited to market access, commercial operations and field-based sales personnel. Ms. Mistry joined CorMedix in 2020 and has been an integral architect of the company's go to market and reimbursement strategy. Dr. Tushar Mukherjee, VP of Technical Operations has been promoted to SVP, Head of Technical Operations. Dr. Mukherjee joined CorMedix in early 2022 and has been a valuable leader and contributor for the technical team. In his new role, Dr. Mukherjee will report directly to the CEO and will assume responsibility for the final validation of all manufacturing, packaging and analytical testing of DefenCath, as well as all technical reviews of new product opportunities. Dr. Phoebe Mounts who had previously assumed interim oversight of technical operations will remain with the organization in her critical role as General Counsel and Head of Regulatory Affairs.
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IMAX | Hot Stocks08:44 EST Imax reports $215M global box office for "Avatar: The Way of Water" - Imax announced that Disney/Lightstorm's "Avatar: The Way of Water" is now the third highest grossing IMAX release of all time with more than $215M in Imax global box office through Monday in its first full month of release. With several weeks to go in its IMAX engagement, the film stands as the highest grossing IMAX release of all time in 44 countries and territories worldwide. Imax has accounted for 11.2% of the film's global box office on only a fraction of total screens. Through Monday, "Avatar: The Way of Water" has earned $75.7M on Imax screens in North America - the third highest IMAX Domestic box office performance ever and continues to gain ground in China, where IMAX screens have earned $47.6M to date - good for 23% of the Chinese box office on only 1% of screens. "Avatar: The Way of Water" will continue to screen across IMAX locations in most global markets into February. Cameron and Disney/Lightstorm currently have three more films in the "Avatar" saga planned through 2028.
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TBLT | Hot Stocks08:44 EST ToughBuilt launches all-new screwdrivers - ToughBuilt Industries announced the launch of more than 40 new SKUs into the Handheld Screwdrivers segment, including ratcheting bit drivers, insulated screwdrivers, precision, slotted, Phillips, Torx, and cabinet screwdrivers and demolition drivers. These new screwdrivers and bit sets bring ToughBuilt's total product SKUs to more than 550, and the products will be made available for purchase through leading US home improvement retailers and across ToughBuilt's growing strategic networks of North American and global trade partners and buying groups, servicing over 18,900 storefronts and online portals worldwide.
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STIM | Hot Stocks08:43 EST Neuronetics: Data confirms NeuroStar effective treatment for anxious depression - Neuronetics announced a new peer-reviewed publication in the Journal of Clinical Psychiatry, presenting real-world evidence of the efficacy of NeuroStar Advanced Therapy for adult patients who suffer concurrently from anxiety symptoms and major depressive disorder , also known as anxious depression...In my years of psychiatric practice, I have seen many depressed patients experiencing significant anxiety symptoms that can be debilitating," said Dr. Todd Hutton, M.D., Chief Medical Director at Southern California TMS Center. "These results are impressive because they further illustrate the mental health benefits that NeuroStar TMS can provide for many patients with psychiatric disorders like anxious depression. Having access to this large registry allows us to further the research and establish best practices for treating physicians."Neuronetics received FDA clearance to treat anxious depression with NeuroStar Advanced Therapy in July 2022.
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TOWN | Hot Stocks08:42 EST TowneBank completes Farmers Bank merger - TowneBank announced the completion of its merger with Farmers Bankshares, Inc. and its subsidiary, Farmers Bank, Windsor, Virginia. The merger solidifies the number one market share position for TowneBank in the Virginia Beach-Norfolk-Newport News MSA, adding Isle of Wight and Southampton counties to its service area while expanding Towne Insurance Agency's market base. The merger was announced in August 2022 and received overwhelming support from Farmers shareholders in December 2022. Following the merger, which was effective on January 13, 2023, the Farmers Bank locations will operate as "Farmers Bank, a Division of TowneBank" until mid-April 2023, when the core systems and operations of Farmers Bank are scheduled to be converted into those of TowneBank.
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ACON | Hot Stocks08:42 EST Aclarion names George Frey as KOL surgeon advisor - Aclarion announced that George Frey MD, Founder of the Colorado Comprehensive Spine Institute, will advise the company as a key opinion leader. Dr. Frey is a renowned surgeon and inventor with dozens of US and worldwide patents in medical devices, technologies, and methods. Dr. Frey's experiences as a clinician and entrepreneur will provide valuable direction to Aclarion.
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FTFT | Hot Stocks08:41 EST Future FinTech's Paraguayan cryptocurrency mining farm operational - Future FinTech's Paraguayan wholly-owned subsidiary FTFT Paraguay has completed the first construction phase of its cryptocurrency mining farm located in Mariano Roque Alonso, Paraguay, and the farm has been powered on and begun operations. The Paraguayan cryptocurrency mining farm has a capacity of 3 MW and can accommodate approximately 900 mining machines. Paraguay encourages cryptocurrency development due to its unused hydropower capacity which provides opportunity for FTFT to engage in cryptocurrency business activities in Paraguay. The first project phase, expected to be completed in 2023, is for the construction of two medium-sized mining farms of 15MW each to achieve a total of at least 30MW of processing power. The second project phase, expected to be completed in 2024 and 2025, is targeting 100MW of processing power.
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NXST | Hot Stocks08:41 EST Nexstar announces newly-created advertising sales structure, leadership team - Nexstar Media Group announced a newly-created advertising sales structure and leadership team designed to drive ad sales across Nexstar's diversified media portfolio by further emphasizing its client-first approach, combined with a new data-driven, multi-platform focus. Todd Braverman, who joins Nexstar after a lengthy career in executive sales positions at Warner Media, has been named Executive Vice President/Head of National Sales, responsible for driving top-line sales performance by identifying go-to-market sales strategies for agencies, clients, and audiences. Brad Epperson, who previously served as Senior Vice President/Business Operations and Services for NBCUniversal, has been appointed Executive Vice President/Platform Operations & Technology and will lead ad operations, including campaign management, targeting, delivery and optimization. Lori Tavoularis has been appointed Chief Business Officer after serving as Nexstar Digital's Chief Revenue Officer/Executive Vice President, Revenue Operations since 2021.
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PFS | Hot Stocks08:41 EST Provident Financial appoints Scott Hurlbert as digital channels director - Provident Bank is pleased to announce that Scott Hurlbert has joined the bank as Senior Vice President, Digital Channels Director with the Information Technology team. Mr. Hurlbert will be based in the bank's Iselin, N.J. administrative headquarters. In this position, Mr. Hurlbert is responsible for the management of all of the bank's digital channels, including ATMs, online and mobile banking, customer contact center, as well as collaborating closely with key internal stakeholders to ensure the bank has a shared and cohesive digital strategy that is integrated and aligned.Prior to joining Provident, he was Senior Vice President, Digital Banking with People's United Bank.
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AEZS | Hot Stocks08:39 EST Aeterna Zentaris expects cash to fund operations into 2025 - "Our disciplined development strategy ensures that we establish progress in our projects within a defined timeframe, in order to optimize the Company's capital and human resources," said Giuliano La Fratta, Chief Financial Officer, Aeterna. "We continue to drive progress across a number of our programs and remain focused on advancing those programs to their next phase of development if we determine that the data and financial risk/reward of doing so is justified. The strategic decision to streamline our pipeline, by discontinuing our vaccine development, provides the Company with the ability to meet its currently anticipated cash needs into 2025. Revenues that may be achieved if we out-license any of those development programs are not considered in our budget and thus provides further upside potential."
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HUGE | Hot Stocks08:39 EST FSD Pharma submits Phase 1 trial application for Lucid-MS - FSD Pharma announces the submission of the Company's Clinical Trial Application, CTA, for a planned Phase-1 clinical trial for Lucid-MS, a candidate for the treatment of Multiple Sclerosis, MS. Lucid-MS is a first-in-class neuroprotective compound with a novel mechanism action which, in preclinical models, has shown to prevent myelin degradation (demyelination), a cause for MS and other neurodegenerative diseases. "This is an exciting time for our company, shareholders, and most importantly for the MS community," said Dr. Lakshmi Kotra, CEO of Lucid Psycheceuticals, a wholly owned subsidiary of FSD Pharma. "Multiple Sclerosis is a debilitating disease without any cure, relegating patients and caregivers to significantly lower quality of life. There is an intense effort for disease-modifying treatments to address unmet needs especially for the treatment of progressive MS, and potentially that are non-immunomodulatory. Lucid-MS is a promising first-in-class agent with a novel mechanism of action with a potential to address progressive stages of the disease. Lucid-MS is non-immunomodulatory in its mechanisms of action based on current evidence. We are optimistic about the potential of Lucid-MS and we are eager to initiate this clinical trial taking this one step closer to the patients."
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PETS | Hot Stocks08:39 EST PetMed Express to acquire PetCareRx, terms undisclosed - PetMed Express has reached a definitive agreement to acquire PetCareRx, a supplier of pet medications, food, and supplies.The combined entities will expand PetMeds' existing base of over two million customers and will add approximately 10,000 incremental wellness products to the company's existing product offering. The acquisition of PetCareRx gives PetMeds an immediate revenue boost, and the company believes it can expand on that growth through an expanded product catalog and differentiated services."We believe this acquisition will not only be highly beneficial to our customers but will also drive significant shareholder value over the long-term," said Matt Hulett, CEO and President of PetMeds. "Together, PetMeds and PetCareRx will provide a much expanded product offering and accelerated growth by capturing a larger share of customer wallet through increased basket size and order frequency within the booming $120B annual sales U.S. pet care market. Pet parents will benefit from expanded choice in both prescription and non-prescription medicines, and thousands of incremental products, including premium and prescription food, treats, and supplement. The transaction is subject to customary closing conditions and completion of regulatory review. The deal has been approved by the board of directors of both PetMeds and PetCareRx and is expected to close in the first quarter of 2023.
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AEZS | Hot Stocks08:39 EST Aeterna Zentaris provides therapeutics development pipeline update - Therapeutics Development Pipeline Update: Autoimmunity Modifying Biologicals: Targeted, highly specific autoimmunity modifying therapeutics for the potential treatment of neuromyelitis optica spectrum disorder and Parkinson's disease: Recent Highlights: Demonstrated positive pre-clinical proof-of-concept in NMOSD and PD. NMOSD selected as lead development program. Entered into an R&D agreement with Massachusetts General Hospital in Boston and Dr. Michael Levy, a worldwide leading NMOSD expert. Further optimization of candidates for potential use in clinical development. Initiated ex-vivo efficacy testing to confirm the AIM Biologicals mechanism of action and efficacy in human blood samples from both NMOSD and PD patients. Next Steps and Expectations: Following the completion of the pre-clinical studies, Aeterna plans to compile a comprehensive pre-clinical data package for scientific advice meetings with regulatory authorities, expected to take place in the third quarter of 2023. Delayed Clearance Parathyroid Hormone Fusion Polypeptides: Potential treatment for chronic hypoparathyroidism. Recent Highlights: Successful verification and reproduction of previous in-vivo data from University of Sheffield, in a rat model of hypoparathyroidism, in the fourth quarter of 2022. Ongoing development of the manufacturing process for AEZS-150 with the Company's contract development and manufacturing organization, progressing toward establishment of a master cell bank for a cell line expressing AEZS-150 and a process suitable for larger scale GMP manufacturing. Next Steps and Expectations: Continue efforts to establish master cell bank for a cell line expressing AEZS-150 to be used to conduct further pre-clinical efficacy and safety tests. Meet with regulatory authorities to determine the development path forward; Company expects meeting in mid-2023 and an abbreviated safety and toxicology program as the active principle is already approved and in use. Macimorelin Therapeutic: Ghrelin agonist in development for the treatment of ALS: Recent Highlights: Substantial progress in the development of a suitable, alternative formulation for use in ALS. Ongoing evaluation of AEZS-130 in transgenic mouse ALS models to demonstrate the therapeutic potential of macimorelin in this indication. Next Steps Proof-of-concept results from ongoing pre-clinical studies expected in the first quarter of 2023. Following potential achievement of proof-of-concept, the Company will seek to have a scientific advice meeting with regulatory authorities to discuss program development next steps. Toxicology and safety studies to support treatment over prolonged periods are ongoing and based on the substantial body of pre-clinical and clinical data already available from the successful development of macimorelin as a diagnostic in AGHD.
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ADD | Hot Stocks08:38 EST Color Star Technology cooperating with short video platform Detok - Color Star Technology subsidiary Color Metaverse has entered into a strategic cooperation framework agreement with short-video sharing platform, Le Shua - Detok -. The parties plan to help each other develop grow in their respective markets, increasing its range of support for various in-app content, thereby increasing Detok's global influence and user base. Detok is a blockchain-based short-video and live streaming platform. Detok's main principle revolves around the direct exchange of value between creators, viewers, and advertisers, combining short videos and live streaming with blockchain technology to create blockchain-based digital copyright protection. This makes it possible to administer and distribute copyrights. Color Metaverse plans to fully utilize all of Detok's existing resources, and provide the platform with a constant stream of new content including NFTs, new celebrity IPs, and digital features, in order to attract new users to browse the app's contents, generating more profit for its content creators.
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CAAP | Hot Stocks08:38 EST Corporacion America Airport reports December passenger traffic up 30.5% y/y - Corporacion America Airports reported a 30.5% YoY increase in passenger traffic in December 2022, reaching 87.2% of December 2019 levels. Total passenger traffic grew 30.5% compared to the same month of 2021, supported by an ongoing recovery in travel demand following the lifting of travel restrictions, as reflected by higher load factors and the gradual resumption of routes and frequencies across all countries of operations. Overall passenger traffic reached 87.2% of December 2019 levels, in line with the 87.4% posted in November, with international and domestic passenger traffic reaching 90.1% and 85.0% of December 2019 levels, respectively.
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MIGI | Hot Stocks08:37 EST Mawson Infrastructure produces 261.83 bitcoin in December - James Manning, CEO commented, "December was a record month for Mawson's energy market revenue, at approximately $4 million. This brought our equivalent BTC production to approximately 261.83 for the month, or 8.44 per day.1 This is approximately equivalent to the BTC revenue that could have been produced by 2.2 Exahash of mining in the month of December. This additional source of revenue has given Mawson an advantage through the past 6 months. Through the last 6 months this program has delivered unaudited revenue of $13.9 million. Our expansion at the Midland, Pennsylvania site continues to move forward at speed, with an online date still within Q1, 2023. The first MDCs have been delivered to our Sharon, Pennsylvania site, and we look forward to communicating the online date with our shareholders in the near future. Combined, these first containers have a total capacity of up to approximately 12 MW.2"
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NAAS | Hot Stocks08:36 EST NaaS, HyperStrong establish joint venture - NaaS Technology and Beijing HyperStrong Technology Co., Ltd., an energy storage system integrator and system service provider, jointly announced their strategic collaboration. Nengcang Technology, a subsidiary of NaaS, and HyperStrong will establish the joint venture NewLink Hyper Technology Co., Ltd. Through NewLink Hyper, the two sides will join forces to develop the energy storage business. Each company will harness its advantages in user base, application scenarios, products and technology to deliver diverse all-scenario energy storage solutions and advance China's "dual carbon" goals.
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AEZS | Hot Stocks08:36 EST Aeterna Zentaris discontinues vaccine development pipeline - Orally active, live-attenuated bacterial vaccine platform with potential application against coronavirus, including COVID-19 and Chlamydia: The Company worked on evaluating administration routes, dosing and immunization scheme, and conducted in-vivo immunology experiments with candidate strains expressing various antigens in relevant mice models. To date, the Company has not been able to select a clinical development candidate for a COVID-19 vaccine. Also, COVID-19 vaccine landscape has continued to evolve profoundly in the past two years. There are highly effective vaccines available, an increasing number of therapeutic options are meanwhile approved or in later stage development and less lethal virus variants are spreading, all of which increase the financial risk associated with any early stage COVID-19 vaccine program. In order to ensure we are prudent with the use of resources, given the early stage of the Company's vaccine development programs and the changes in the global situation, Aeterna has decided that it will not pursue further development of the vaccine platform for either COVID-19 or Chlamydia, As a result, the Company has also elected to terminate its existing license agreements with the University of Wuerzburg for that vaccine platform technology.
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TCBP | Hot Stocks08:36 EST TC Biopharm studies gamma-delta T cell potential with MD Anderson Cancer Center - TC Biopharm announced a strategic collaboration with The University of Texas MD Anderson Cancer Center to expand the knowledge base of how gamma-delta T cells work in oncology settings. Under the terms of the three-year agreement, the research teams will work together on both preclinical and clinical studies to evaluate the potential for gamma-delta T cell therapies and to better understand the behaviors of these cells in patients. Formulating a better picture of what is occurring in patients during gamma delta T cell therapies is expected to allow TC Biopharm to better design future studies as well as form a view towards future targeted cancer studies in other blood cancers and solid tumors potentially.
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RBLX | Hot Stocks08:35 EST Roblox reports December DAU 61.5M, up 18% - Roblox Corporation released certain key metrics for the month of December 2022. December 2022 Key Metrics: Hours engaged were 4.7 billion, up 21% year-over-year; Estimated revenue was between $189 million and $199 million, a decline of between 1% - 6% year-over-year.; Estimated bookings were between $430 million and $439 million, up 17% - 20% year-over-year; Estimated average bookings per daily active user were between $6.99 and $7.14, which represents a year-over-year change of -1% - +1%.
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IDRA | Hot Stocks08:35 EST Idera changes name to Aceragen and 1-for-17 reverse split - Idera Pharmaceuticals announced the Company has changed its name and symbol to Aceragen and "ACGN". Additionally, the Company's stockholders approved the conversion into common stock of the Series Z preferred shares resulting from the previously announced merger with Aceragen and authorized a reverse split of common stock. The Company's Board of Directors has approved the reverse stock split at a ratio of 1-for-17 shares. As a result of these changes, which will be effective upon the market open on Wednesday, January 18, the Company will be in compliance with all applicable Nasdaq listing standards. Nasdaq has issued an approval letter confirming Aceragen's listing. "We are excited to have completed the transformation of Aceragen via our merger with Idera and the subsequent adjustments to our stock and Nasdaq listing. We believe this transition strengthens our portfolio of late-stage clinical assets in cystic fibrosis and Farber disease and aligns with our goal of delivering important therapies for people living with rare diseases," stated John Taylor, Aceragen's Chief Executive Officer. "During the course of this year, we anticipate the achievement of significant clinical milestones that include two Phase 2 data read-outs for ACG-701, as well as lifting of the clinical hold and advancing toward the initiation of our Phase 2/3 trial in Farber disease for ACG-801." "With the positive result of the stockholder vote behind us, I share in John's excitement and optimism for Aceragen and look forward to the progress that this team will make for patients in need," added Vincent J. Milano, Chair of Aceragen's Board of Directors.
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AEZS | Hot Stocks08:35 EST Aeterna Zentaris provides business update, upcoming milestones - Aeterna Zentaris provided a business update and outlined upcoming key milestones. "We have made significant development progress since we initiated six pre-clinical development programs in 2021," said Dr. Klaus Paulini, Chief Executive Officer of Aeterna. "We have established a growing body of data towards our pre-defined go/no-go decision points with the goal of enabling us to identify and select from those programs the most compelling opportunities that warrant continued development. We believe that we have built the foundation for continued momentum and are very encouraged with the disciplined progress we have made thus far." Diagnostics Development and Commercialization Update: Macimorelin Diagnostic: Approved and commercialized as test for adult growth hormone deficiency and in clinical phase 3 development for childhood-onset growth hormone deficiency testing: Aeterna is currently conducting its pivotal Phase 3 safety and efficacy study AEZS-130-P02 evaluating macimorelin for the diagnosis of Childhood Onset Growth Hormone Deficiency. Most clinical sites in the U.S. as well as European countries are open for patient recruitment. Recent Highlights: Phase 3 Study: Bolstered enrollment expected by the replacement of inactive countries/sites and engagement of an additional Clinical Research Organization. Currently four new countries, have ongoing DETECT clinical trial application activities. Macimorelin Commercialization: Having announced that Aeterna Zentaris will regain full rights to Macrilen for the U.S. and Canada from Novo Nordisk in May 2023, the Company is progressing its efforts to seek an alternate development and commercialization partner for Macrilen in those countries for continued commercialization of Macrilen in adult growth hormone deficiency and development and commercialization of Macrilen in CGHD. Achieved regulatory approval for Macrilen as AGHD diagnostic product in Israel. Next Steps and Expectations: Achieve approvals to conduct the DETECT trial in the new countries in the first half of 2023. Complete DETECT enrollment by the end of 2023. Continue efforts to secure a U.S. and Canadian development and commercialization partner for Macrilen in AGHD and CGHD. Achieve regulatory approval for Macrilen as AGHD-diagnostic in South Korea, Turkey and some non-EU Balkan countries
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POWW | Hot Stocks08:32 EST AMMO appoints Randy Luth to board directors - AMMO, the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announced it has appointed Randy Luth, a firearm industry veteran, to serve on the Company's Board of Directors. Mr. Luth previously served on AMMO's board from 2017 to 2021.
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AMBC | Hot Stocks08:32 EST Xchange Benefits launches Xchange Re Underwriting Agency - Xchange Benefits, a managing general underwriter owned by Ambac Financial Group, announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency. The new entity, which is a wholly owned subsidiary of Xchange Benefits, specializes in personal accident catastrophe and special risk reinsurance and retrocession. Xchange Re has signed a reinsurance underwriting management agreement with United States Fire Insurance Company, which operates under the registered trademark of Crum & Forster and has an AM Best rating of A. Xchange Re will underwrite worldwide accident and health reinsurance coverage, both non-proportional treaty and facultative/direct excess of loss business, on behalf of U.S. Fire. "We are thrilled to build upon our wide and longstanding relationship with Crum & Forster," said Peter McGuire, CEO of Xchange Benefits. "We have seen a great deal of disruption in the reinsurance market over the past year. We believe that this is an excellent time to enter this marketplace, and we have established Xchange Re to provide quality underwriting solutions to the accident and health industry.
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OESX | Hot Stocks08:31 EST Orion Energy adds Ken Poole as EVP, sales - Orion Energy Systems announced the addition of Ken Poole as Executive Vice President of Sales. Mr. Poole will report directly to CEO Michael Jenkins. Mr. Poole has over 23 years of sales and leadership experience, most recently as Vice President, Strategic Account Sales at Johnson Controls North America, following prior sales management roles at Tyco Integrated Security and ADT Security Services.
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CDXC | Hot Stocks08:30 EST ChromaDex announces findings from study on proprietary Niagen ingredient - ChromaDex announced promising findings from a first-of-its kind five-month-long clinical study, as reported in the peer-reviewed journal Science Advances by a team of scientists led by Dr. Eija Pirinen and Dr. Kirsi Pietilainen. The clinical trial was part of the ChromaDex External Research Program and investigated the company's proprietary Niagen ingredient in 20 BMI-discordant identical twin pairs. Results of the study showcase that Nicotinamide Riboside, NR, supplementation improved muscle mitochondrial biogenesis, satellite cell differentiation and gut microbiota composition. This is the first published and peer-reviewed clinical study demonstrating an increase in mitochondrial biogenesis following NR supplementation in humans and is consistent with a CERP preclinical study published in Cell Reports, demonstrating NR increased mitochondrial biogenesis in neuronal cells. Additionally at five months, this clinical study marks a milestone as the longest published NR supplementation study to date. "While previous preclinical research has demonstrated that increasing NAD+ through precursor supplementation improves the quality and quantity of muscle stem cells, promotes muscle function, increases mitochondrial health and respiration, and has therapeutic effects in mitochondrial and muscle disorders, many of these benefits have yet to be translated in human clinical studies," said Dr. Andrew Shao, ChromaDex Senior Vice President of Global Scientific & Regulatory Affairs. "This study marks an important milestone in research between NR supplementation and mitochondrial biogenesis."
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NVCN | Hot Stocks08:30 EST Neovasc trading resumes
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MCHP | Hot Stocks08:29 EST Microchip launches first COTS rad-tolerant power device - Microchip Technology announces the introduction of its first commercial-off-the-shelf rad-tolerant power device with the MIC69303RT 3A Low-Dropout Voltage Regulator. The new high-current, low-voltage MIC69303RT is a power management solution targeting LEO and other space applications. The device is available for prototype sampling in both plastic and hermetic ceramic to support the requirements of the mission. The MIC69303RT is based on proven COTS devices, making it easier to conduct preliminary evaluation and early development. Operating from a single low-voltage supply of 1.65 to 5.5 volts, the device can supply output voltages as low as 0.5V at high currents, offering high-precision and ultra-low dropout voltages of 500 mV under extreme conditions. The MIC69303RT is a companion power source solution for Microchip's radiation-tolerant space-qualified microcontrollers such as the SAM71Q21RT and PolarFire FPGAs including the RTPF500TLS.
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DZSI | Hot Stocks08:28 EST DZS appoints Tom Carter as CCO, Americas, EMEA - DZS announced that it has appointed Tom Carter Chief Customer Officer for the Americas and Europe, Middle East and Africa. Carter previously led global sales for Blue Planet, Ciena's software business unit.
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RIO | Hot Stocks08:27 EST Rio Tinto guides 2023 Pilbara iron ore shipments 320-335 Mt vs. 322 in 2022 - Guides 2023 Bauxite shipments 54-57 Mt vs 55 Mt in 2022. Guides 2023 Alumina shipments 7.7-8.0 Mt vs 7.5 Mt in 2022. Guides 2023 Mined Copper shipments 650-710 kt vs 521 kt in 2022.
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SOPA | Hot Stocks08:26 EST Society Pass' NusaTrip expands services to Philippines - NusaTrip formally announces the opening of its second Southeast Asia regional office in Philippines.
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PCCT | Hot Stocks08:26 EST Spectair to go public via business combination with Perception Capital - Spectaire announced entry into a definitive agreement to go public via a business combination with Perception Capital Corp. II. Spectaire's products are intended to immediately help customers lower carbon offset payments, increase fleet activity efficiency and generate new revenue streams from carbon credits. Going forward, Spectaire's growing proprietary emissions database - comprised of actual emissions of mobile assets across different logistics channels - is expected to provide valuable data for customers to continuously and cost effectively improve the efficiency of customers' logistics networks. "Our technology is a win for our customers, our investors and the planet. Improving air quality is the single greatest challenge of this century and companies are under increasing pressure to account for - and reduce - their carbon footprints. They need tools to accurately track and report emissions in real time, and to reduce emissions, we must first accurately measure emissions. This is especially true in logistics, where an infinite number of variables change truck emission profiles minute-to-minute, mile-to-mile. Our MMS device is expected to give our customers a significant competitive edge by helping them lower costs, improve logistics network efficiency and access carbon credit revenues. I look forward to working with the Perception team to expand and accelerate production, thus bringing our MMS technology to more customers," said Brian Semkiw, Chief Executive Officer of Spectaire. The parties expect that the proposed Transaction will allow Spectaire to expand production of its emissions measurement and monitoring solution, meeting strong demand from existing and future customers. The proposed Transaction values Spectaire at a pro forma enterprise valuation of approximately $203M. The Boards of Directors of Perception and Spectaire have both unanimously approved the proposed Transaction. The proposed Transaction has also been approved by the requisite stockholders of Spectaire. Completion of the transaction is subject to customary closing conditions, including the approval of Perception's shareholders. The parties expect the proposed Transaction to close in the second quarter of 2023.
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ATNF | Hot Stocks08:25 EST 180 Life Sciences engages Kinexum to support MAA submission for adalimumab - 80 Life Sciences announced that the Company has engaged Kinexum, a strategic advisory firm, to support the Company in submitting a Marketing Authorisation Application for adalimumab to treat progressive early-stage Dupuytren's disease. The MAA will be submitted to the United Kingdom's Medicines and Healthcare products Regulatory Agency. As part of the application, the Company expects to request a Conditional Marketing Authorisation, which assures the Agency that long term outcome data will be forthcoming. Including the costs associated with the Kinexum agreement, the Company anticipates that it will spend, in aggregate, approximately $900,000 to $1,000,000 in the next three quarters for activities associated with the MHRA filing and other regulatory preparations.
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NAMS | Hot Stocks08:24 EST NewAmsterdam announces results from obicetrapib /ezetimibe combo trial - NewAmsterdam Pharma announced topline results from ROSE2, a Phase 2 clinical trial evaluating obicetrapib, the company's oral, low-dose and once-daily cholesteryl ester transfer protein inhibitor, in combination with ezetimibe as an adjunct to high-intensity statin therapy. Based on the encouraging results observed, NewAmsterdam is now selecting a formulated fixed-dose combination tablet of obicetrapib plus ezetimibe, a non-statin oral LDL-lowering therapy, to be tested in a definitive bioequivalence trial and a Phase 3 safety and efficacy trial."Elevated levels of LDL cholesterol remain a significant public health burden despite the availability of statins. While a range of adjunctive treatments are available, many patients are not able to benefit because these agents either do not sufficiently lower LDL-C or are too expensive," said Christie Ballantyne, M.D., Chief of Cardiovascular Research and Professor at Baylor College of Medicine. "Today, patients - especially those at high-risk - are typically treated with very high-dose statin therapy, which can be associated with intolerable side effects that limit adherence. Combination regimens comprising low-dose statin therapy plus another LDL-C lowering agent, such as a fixed-dose combination of obicetrapib and ezetimibe, may become a powerful strategy to deliver patients better outcomes, while also increasing their willingness and ability to remain on therapy."
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BLDP | Hot Stocks08:24 EST Ballard Power launching hydrogen fuel cell truck project with Adani - Ballard Power signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck for mining logistics and transportation with Adani Enterprises, part of the Adani portfolio of companies, and Ashok Leyland. This collaboration marks Asia's first planned hydrogen powered mining truck. Ballard, a PEM fuel cell engine manufacturer, will supply the FCmove fuel cell engine for the hydrogen truck and Ashok Leyland, one of the largest manufacturers of buses in the world, will provide the vehicle platform and technical support. The FCET is scheduled to be launched in India in 2023. The Adani Group plans to invest more than $50B over the next ten years in green hydrogen and associated ecosystems corresponding to a capacity of up to 3 million tons of green hydrogen annually.
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SAIC | Hot Stocks08:24 EST SAIC receives $112M contract to deliver cloud based command, control - Science Applications International has been awarded a $112M contract to develop Cloud Based Command and Control, CBC2, for the U.S. Air Force Advanced Battle Management System, ABMS. "SAIC is passionate about applying technology and innovation to the future battlespace," said Michael LaRouche, president, National Security and Space sector at SAIC. "We are excited to be selected for this program to help modernize command and control systems and enable the DoD's Joint All Domain Command and Control vision. We are dedicated to advancing ABMS as a strategic partner to the Air Force."
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RIO | Hot Stocks08:23 EST Rio Tinto reports Q4 Pilbara iron ore production 89.5 Mt, up 6% y/y - Reports Q4 Bauxite production 13.2 Mt, up 1% y/y. Reports Q4 aluminum production 783kt, up 3% y/y. Reports Q4 mined copper production 131 kt, down 1% y/y. Rio Tinto CEO Jakob Stausholm, said: "We were fatality free for the fourth consecutive year, as we continue to put safety at the forefront of everything we do. A number of operational records were achieved in the second half across the Pilbara iron ore mine and rail system. Deployment of our Safe Production System resulted in improved performance at those sites and overall production was higher versus 2021 across all commodities, with the exception of aluminium and alumina. The acquisition of Turquoise Hill Resources strengthens our copper portfolio and demonstrates our ability to allocate capital with discipline to grow in materials the world needs for the energy transition and delivering long-term value for our shareholders. Copper guidance has been increased accordingly. We continue to invest in future growth, progressing the Rincon lithium project in Argentina and are working with our partners to progress the Simandou project in Guinea. We continue to work hard to transform our culture and invest in genuine partnerships. I am proud that we have reached new agreements with the Yindjibarndi and Puutu Kunti Kurrama and Pinikura peoples in Australia, and the Pekuakamiulnuatsh First Nation in Canada. In line with our new purpose of finding better ways to provide the materials the world needs, we will continue to progress our four objectives and strategy to strengthen the business, which will lead to profitable growth and continue to deliver attractive shareholder returns."
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NTRA | Hot Stocks08:23 EST Natera announces publication of new study on ability of Signatera test - Natera announced the publication of a new study in Nature Medicine, which demonstrates the ability of the Signatera molecular residual disease, MRD, test to identify patients with stage II-IV colorectal cancer, CRC, who are at an increased risk of recurrence and predict who is likely to benefit from adjuvant chemotherapy, ACT. With this study, data supporting the clinical validity and utility of Signatera has now been published in 40 peer-reviewed publications. In the study, 1,039 patients with stage II-IV resectable CRC were monitored prospectively using the Signatera MRD test. Key takeaways include: Post-surgical MRD status was predictive of chemotherapy benefit. Patients who were MRD-positive four weeks after surgery derived significant benefit from ACT. MRD-negative patients did not see a significant benefit from ACT. Post-surgical MRD status was the most significant prognostic risk factor for recurrence, in a multivariate analysis that accounted for all clinicopathological risk factors currently used for prognostication. Pre-surgical detection rate of 95.9% in patients with pathologic stage II-III disease and 93.1% in patients with stage II-IV disease. Signatera dynamics are indicative of treatment response. Among the MRD-positive patients who were treated with ACT, those with ctDNA clearance had superior DFS compared to those without ctDNA clearance. "This is a practice-changing study for the colorectal cancer community, demonstrating the predictive power of Signatera in the adjuvant setting," said Minetta Liu, M.D., chief medical officer of oncology at Natera. "We are proud to partner with the CIRCULATE consortium and look forward to making Signatera accessible to all colorectal cancer patients in the U.S., Japan and worldwide."
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BMEA | Hot Stocks08:21 EST Biomea Fusion doses first patient in COVALENT-102 trial of BMF-219 - Biomea Fusion announced that the first patient has been dosed in COVALENT-102, the company's Phase I/Ib trial of BMF-219, an oral, selective, covalent menin inhibitor in patients with KRAS-mutated unresectable, locally advanced, or metastatic NSCLC, CRC, and PDAC. As a covalent menin inhibitor, BMF-219 has manifested a differentiated profile over the commercially approved KRAS-targeted inhibitors LUMAKRAS and KRAZATI in multiple pre-clinical studies. As previously reported by Biomea, KRAS-mutant NSCLC, CRC, and PDAC cell lines and ex vivo patient specimens were highly sensitive to BMF-219 in preclinical models. The higher levels of activity of BMF-219 were observed among various KRAS-mutant solid tumor cell lines, but not KRAS wild type, suggesting that BMF-219 broadly inhibited mutant KRAS in these tumor models. A targeted pan-KRAS inhibitor has the potential to treat a large number of NSCLC, CRC, and PDAC patients.
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FYBR NMRK | Hot Stocks08:21 EST Frontier appoints Newmark to manage its real-estate portfolio - Frontier (FYBR) announced it appointed Newmark (NMRK) to manage its real-estate portfolio. Newmark's leading-edge, real-estate technology platform, Newlitic, and market expertise will help Frontier further streamline operations and identify cost savings opportunities. "As we advance our purpose of Building Gigabit America, simplifying our real-estate portfolio represents an important opportunity to reduce our cost structure and improve the sustainability of our footprint," said Scott Beasley, Frontier's Chief Financial Officer. "We're excited to partner with Newmark to use their technology and experience to accelerate our real-estate transformation."
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DNA XWEL | Hot Stocks08:20 EST Ginkgo Bioworks, Xwell expand support for CDC's Genomic Surveillance program - Ginkgo Bioworks (DNA) and XWELL (XWEL) announced that they have expanded their support for the Centers for Disease Control and Prevention's Traveler-based Genomic Surveillance program to include a pilot study monitoring influenza viruses in addition to SARS-CoV-2. The partners continue to grow the program's capabilities to provide an additional source of viral surveillance to inform the selection of influenza vaccine viruses for the forthcoming 2023-2024 flu season.Since August 2021, the program, which is also being used to conduct surveillance for SARS-CoV-2, has delivered timely public health insights into rare and emerging SARS-CoV-2 variants and sublineages and informed responses to outbreaks and surges through an innovative public-private partnership between CDC, Concentric by Ginkgo, the biosecurity and public health unit of Ginkgo Bioworks, and XpresCheck by XWELL, Inc., a leading provider of SARS-CoV-2 testing in U.S. airports. Recognizing the high level of seasonal influenza activity this fall and winter, the program is leveraging its large-scale travel biosecurity platform to monitor influenza A and B viruses among arriving international travelers at selected U.S. airports.
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PAC | Hot Stocks08:20 EST GAP Airports guides FY23 revenue up 12%-14% - Grupo Aeroportuario del Pacifico announced its guidance for the full year 2023 compared to 2022, forecasting traffic up 6%-8%, Aeronautical Revenue up 12% - 14%, Non-aeronautical Revenue up 13% - 15%, Total Revenue up 12% - 14%, EBITDA up 10%-12%, EBITDA Margin 69%-71%, and CAPEX around MXN 10.2B.
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CTLT | Hot Stocks08:20 EST Catalent appoints Zayas as SVP, Operations, Biologics North America - Catalent announced the appointment of Ricardo Zayas as Senior Vice President, SVP, Operations, Biologics North America. Zayas will be responsible for all of the company's North American biologics operations, including its centers of excellence for drug product fill/finish in Bloomington, Indiana, and gene therapy manufacturing in Harmans, Maryland. He will serve on the Executive Leadership Team, reporting directly to Catalent's President & Chief Executive Officer, Alessandro Maselli. Zayas joins Catalent from Ocyonbio where he was Chief Operating Officer.
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TBLA | Hot Stocks08:20 EST Taboola and Yahoo close previously announced strategic pact - Yahoo and Taboola announced they have closed their previously announced 30-year exclusive commercial agreement. This unique deal makes Taboola the exclusive native advertising partner for all of Yahoo's digital properties, strengthening Taboola's position as a leading native advertising offering for advertisers, publishers and merchants on the open web. The partnership brings Taboola to Yahoo's iconic digital properties, which reach nearly 900 million monthly active users worldwide across mail, sports, finance and news. Coupled with Taboola's reach among 9,000+ publisher partners and 500M active users a day, this deal gives brands massive scale to reach consumers in Yahoo's trusted editorial environments, while also providing greater contextual data to reach consumers. Under the partnership, Yahoo also enhances its unified advertiser offerings, improves consumer experiences across its owned media properties, and benefits from shared value creation as Taboola's largest shareholder. As part of the deal, Monica Mijaleski, CFO at Yahoo, has joined Taboola's Board of Directors. This partnership offers immense benefit for publishers working with Taboola in terms of revenue, engagement and audiences. Through combined demand of Yahoo and Taboola, publishers, including Yahoo's owned and operated properties will get more premium advertisers bidding on the Taboola network, increasing quality and yields automatically. The collaboration will also develop new contextual segments for advertisers so that as they find it harder to buy on social networks, they can rely on Taboola to make them successful, which will also increase yield.
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AVD | Hot Stocks08:19 EST American Vanguard acquires assets of American Bio-Systems - AMGUARD Environmental Technologies, the specialty markets division of AMVAC Chemical Corporation, a wholly owned subsidiary of American Vanguard Corporation, announced the acquisition of the product and trademark assets of American Bio-Systems. Shayne Wetherall, CEO, AMGUARD, commented: "BioMop-Plus and DrainGel are a great fit with AMGUARD's portfolio and our strategy to provide compelling biological solutions to the commercial pest control industry. These formulations directly address the foodservice industry's desire for labor-saving solutions, including the improvement of sanitation practices that currently use standard soap-based and chemical cleaning products that can only 'break up' food waste and grease build-up, not remove it. Only microorganisms can degrade and 'digest' - that is, eliminate - this organic material."
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NVCN SWAV | Hot Stocks08:19 EST ShockWave Medical to acquire Neovasc for $27.25 per share - Neovasc (NVCN) announced that the Company has entered into a binding agreement with Shockwave Medical (SWAV), whereby Shockwave has agreed to acquire all of the issued and outstanding common shares of the Company. Under the terms of the Arrangement Agreement, Neovasc shareholders will receive US$27.25 per Common Share in cash upfront on completion of the Transaction, corresponding to an enterprise value of approximately US$100 million, plus deferred payments of up to approximately US$47 million on the achievement of future regulatory milestones in the form of a contingent value right per Common Share to receive payment upon final FDA premarket approval to market the Neovasc Reducer in the United States for treatment of angina. Each CVR will pay: US$12.00 if the Milestone is achieved on or prior to June 30, 2026, US$8.00 if the Milestone is achieved during the period beginning on July 1, 2026 and ending on December 31, 2026 or US$4.00 if the Milestone is achieved during the period beginning on January 1, 2027 and ending on December 31, 2027. The upfront cash consideration represents a premium of 27% and 68% to the closing price and 30-day volume-weighted average price respectively, of the Common Shares on the Nasdaq Capital Market on January 13, 2023. The Transaction will be implemented by way of a court-approved plan of arrangement under the Canada Business Corporations Act and will require approval of at least 66 2/3% of the votes cast by the holders of Common Shares; and approval by such holders excluding Common Shares held by certain "interested parties" in accordance with Multilateral Instrument 61-101, at a special meeting of Company shareholders to be held to consider the Transaction. In addition to approval by Company shareholders, the Transaction is also subject to receipt of court approval, and other customary conditions for transactions of this nature. The Transaction is expected to be complete in the first half of 2023. The Arrangement Agreement provides for customary deal-protection provisions, including a non-solicitation covenant on the part of the Company and a right for Shockwave to match any Superior Proposal. The Arrangement Agreement includes a termination fee of US$3.824 million, payable by the Company under certain circumstances. The directors and senior officers of the Company and Strul Medical Group, owning in aggregate approximately 9.23% of the Company's voting securities, have entered into voting support agreements, pursuant to which they have agreed to vote all of the securities they own or control in favour of the Transaction. Pursuant to Strul's voting and support agreement, Strul has also agreed, among other things, to convert into Common Shares at the conversion price of US$25.00, the Restated Senior Secured Convertible Note issued by the Company to Strul with an initial principal amount of US$13,000,000, immediately prior to the effective time of the Transaction, that it shall be entitled to exercise its right to have the Company purchase certain warrants to acquire Common Shares held by Strul for a cash amount equal to the value thereof, and that certain out of the money warrants to acquire Common Shares held by Strul shall terminate at the effective time of the Transaction. A special committee comprised entirely of independent directors of the Company and advised by its financial advisor and by counsel unanimously recommended entering into the Arrangement Agreement to the board of directors of Neovasc. The Board has evaluated the Arrangement Agreement with the Company's management, legal and financial advisors and, following the receipt and review of the unanimous recommendation from the Special Committee, the Board has unanimously approved the Transaction and determined that the Transaction is in the best interest of the Company. The Board has resolved to recommend that the Company's shareholders vote in favour of the Transaction, all subject to the terms and conditions contained in the Arrangement Agreement.
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DNA XWEL | Hot Stocks08:18 EST Ginkgo Bioworks and Xwell partner in influenza variant detection for CDC - Ginkgo Bioworks (DNA) and Xwell (XWEL) have expanded their support for the Centers for Disease Control and Prevention's - CDC's - Traveler-based Genomic Surveillance program to include a pilot study monitoring influenza viruses in addition to SARS-CoV-2. The partners continue to grow the program's capabilities to provide an additional source of viral surveillance to inform the selection of influenza vaccine viruses for the forthcoming 2023-2024 flu season. Since August 2021, the program, which is also being used to conduct surveillance for SARS-CoV-2, has delivered public health insights into rare and emerging SARS-CoV-2 variants and sublineages and informed responses to outbreaks and surges through a public-private partnership between CDC, Concentric by Ginkgo, the biosecurity and public health unit of Ginkgo Bioworks, and XpresCheck by Xwell, a provider of SARS-CoV-2 testing in U.S. airports.
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BIGC | Hot Stocks08:18 EST BigCommerce announces launch of MKM's new online storefront - BigCommerce announced the launch of MKM Building Supplies' new online storefront. Built with powerful headless technology on the back end to enable scalability and flexibility, the new site delivers a unified omnichannel and seamless B2C shopping experience to drive sales. "MKM's unique business model, continued company growth and desire to serve our diverse range of customers with exceptional and hyper-personalized shopping experiences meant we had to revitalize our online store and evolve in an increasingly digital world," said Andy Pickup, digital & marketing director at MKM Building Supplies. "Launching on BigCommerce allowed us to personalize the customer journey and deliver frictionless experiences across channels. Since moving to the platform, we have been performing above expectations on ecommerce metrics and driving more physical store visits."
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NVCN | Hot Stocks08:17 EST Neovasc trading halted, news pending
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TOVX | Hot Stocks08:16 EST Theriva Biologics announces 1st patient dosed in VIRAGE Phase 2b trial - Theriva Biologics announced the first patient has been dosed in VIRAGE, the Phase 2b randomized, open-label, placebo-controlled, multicenter clinical trial of systemically administered VCN-01 in combination with standard-of-care SoC chemotherapy or gemcitabine/nab-paclitaxel as a first line therapy for patients with newly-diagnosed metastatic pancreatic ductal adenocarcinoma, PDAC."The dosing of the first patient in our Phase 2b PDAC trial represents an important step in our pursuit to address unmet needs for patients with difficult-to-treat cancers," said Steven A. Shallcross, Chief Executive Officer of Theriva Biologics. "The incidence of PDAC continues to rise and while it continues to have one of the lowest survival rates among all cancer types, efforts to improve upon the standard of care treatment have largely stalled. In contrast, we are encouraged by the growing clinical data that underscore VCN-01's differentiated mechanism of action, as well as the biological activity and synergistic clinical benefit observed in combination with SoC chemotherapy for patients with PDAC and other solid tumors. With regulatory clearance from the FDA and AEMPS, we look forward to the continued progress of this program and more broadly, the advancement of our novel OV platform."
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PATH | Hot Stocks08:16 EST UiPath unveils new migration of capabilities for next-gen test automation - UiPath announced significant upgrades to allow customers to modernize their software testing practices by migrating testing to the UiPath Business Automation Platform. "With migration streamlined and comprehensive software testing natively available to all customers, UiPath provides CIOs and IT decision makers the opportunity to save costs by consolidating and automating testing in a single platform," the company said. UiPath Test Suite combines robotic process automation technology with omni-channel testing capabilities to sustainably accelerate scaling through continuous testing, cross-enterprise collaboration, and a consistent approach to create and deploy automations.
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SSSS | Hot Stocks08:15 EST SuRo Capital estimates net asset value $7.15-$7.65 per share as of Dec. 31 - SuRo Capital provided the following preliminary update on its investment portfolio for the fourth quarter and fiscal year ended December 31, 2022. "2022 has been well documented as one of the worst years for equity markets in decades. However, as we move into the new year with approximately $125 million of investable capital, we stand ready to continue investing in both primary and secondary opportunities for later-stage, high-growth companies at what we believe will be compelling valuations. To that end, during the fourth quarter of 2022, we completed a $10 million primary investment in Locus Robotics Corp., a leader in autonomous mobile robots for fulfillment and distribution warehouses," said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. "Based on information presently available, for the quarter and year ended December 31, 2022, we anticipate SuRo Capital's net asset value to be approximately $7.15 to $7.65 per share."
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KINS | Hot Stocks08:14 EST Kingstone Companies appoints Gravelle as Chief Financial Officer - Kingstone Companies announced that Jennifer Gravelle has been appointed Chief Financial Officer as of January 17, 2023. Gravelle brings to Kingstone more than 20 years of leadership experience in the P&C insurance industry and expertise in coastal-focused property insurance specifically. Most recently, she served as CFO of Slide Insurance.
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ANGN | Hot Stocks08:14 EST Angion Biomedica, Elicio Therapeutics enter into merger agreement - Elicio Therapeutics has entered into a definitive merger agreement with Angion Biomedica under which Elicio will merge with a wholly-owned subsidiary of Angion in an all-stock transaction. The combined company will continue under the Elicio Therapeutics name and will focus on advancing Elicio's proprietary lymph node-targeting Amphiphile technology to develop immunotherapies, with a focus on ELI-002, a therapeutic cancer vaccine targeting mKRAS-driven tumors. Under the terms of the merger agreement, pending stockholder approval of the transaction, Elicio will merge with a wholly-owned subsidiary of Angion, and stockholders of Elicio will receive newly issued shares of Angion common stock. Current Angion stockholders are expected to own approximately 34.5% of the newly combined company while Elicio stockholders will own 65.5% of the newly combined company, in each case on a fully diluted basis. The final percentage of the combined company owned by Elicio stockholders and Angion stockholders upon completion of the merger may be subject to certain adjustments, including potential adjustments based on Angion's net cash balance upon deal completion. The proposed transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second quarter of 2023, subject to customary closing conditions. Concurrent with the execution of the merger agreement, Angion committed up to $10 million in a bridge loan to Elicio, to be made in two installments, subject to certain conditions.
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GGR | Hot Stocks08:13 EST Gogoro selected by Indian State of Maharashtra for battery-swapping program - Gogoro announced a strategic energy partnership with The Indian State of Maharashtra and Belrise Industries to establish an unprecedented battery-swapping infrastructure. Gogoro and Belrise, an automotive systems manufacturer based in India, plan a joint 50-50 partnership to invest approximately $2.5B over eight years with the State of Maharashtra government to build energy infrastructure across the state. The companies plan to build a smart energy infrastructure in Maharashtra that establishes battery swapping and smart battery stations as a source for mobility and energy storage. The deployment is also expected to accelerate job growth throughout the smart energy, electric vehicle, and sustainability value chain. The battery swapping infrastructure expects to begin deploying across the State of Maharashtra in 2023 which will leverage Gogoro's smart energy ecosystem including smart battery stations, swapping technologies, network management solutions.
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CRWD S | Hot Stocks08:13 EST Crowdstrike adds two executives to its leadership team - CrowdStrike (CRWD) announced that two key executives have joined its leadership team. Daniel Bernard has been appointed as chief business officer, and Raj Rajamani has been named chief product officer, DICE. Bernard will report directly to CrowdStrike founder and CEO, George Kurtz. Rajamani will report to CrowdStrike's chief product & engineering officer, Amol Kulkarni. Bernard and Rajamani, who most recently served as the chief marketing officer and chief product officer at SentinelOne (S), respectively, bring experience with high-growth, disruptive cloud and SaaS businesses.
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BRAC | Hot Stocks08:13 EST Broad Capital Acquisition announces charter, trust agreement amendments - Broad Capital Acquisition announced that its stockholders approved amendments to its charter and trust agreement to change the structure and cost of how BRAC can obtain extensions to the deadline to complete its initial business combination and that BRAC obtained the first of up to nine 1-month extensions of the deadline-from January 13, 2023 to February 13, 2023-by depositing $370,725.50 into its trust account with Continental Stock Transfer and Trust Company. BRAC's stockholders, at a virtual general meeting of stockholders held January 10, 2023, approved amendments to BRAC's Amended and Restated Certificate of Incorporation and BRAC's Investment Management Trust Agreement dated January 10, 2022 with Continental to change how BRAC can obtain extensions to the previously applicable January 13, 2023 deadline to complete its initial business combination. Prior to the amendments, BRAC could obtain up to two 3-month extensions by depositing $1,015,906.90 for each extension into its Trust Account by the deadline applicable prior to the extension. The amendments allow BRAC to instead obtain up to nine 1-month extensions by depositing $0.0625 per outstanding public share into the Trust Account by the deadline applicable prior to the extension. The Charter Amendment triggered a right of BRAC's public stockholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 4,227,461 public shares properly requested redemption leaving 5,931,608 public shares outstanding. After payment of the redemption price to the redeeming public stockholders of approximately $10.25 per share for an aggregate of $43,354,304.31, BRAC will have approximately $60,831,013.71 left in its Trust Account. As a consequence of adoption of the Charter Amendment and the Trust Agreement Amendment and the redemptions, BRAC can now obtain up to nine 1-month extensions to the deadline to complete its initial business combination at a cost of $370,725.50 per extension. In connection with the amendments, BRAC notified Continental that it was exercising its right to obtain the first extension and deposited $370,725.50 into the Trust Account. The Company obtained the funds through a loan from its Sponsor or its designees. The Charter Amendment, Trust Agreement Amendment, and the first extension described above will provide BRAC with additional time to complete a business combination.
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INFN | Hot Stocks08:12 EST LSU deploys Infinera XTM and GX series to upgrade LONI - Infinera announced that the Louisiana Board of Regents, acting on behalf of the statewide Louisiana Optical Network Infrastructure and the Board of Supervisors of Louisiana State University and Agricultural and Mechanical College, has selected and deployed Infinera's advanced coherent optical networking solutions to upgrade LONI. Also announced is the initial deployment of four 400G optical channels along a 220-mile intrastate route in Louisiana. LONI connects 38 university campuses and data centers and provides connectivity to additional research and education networks in other states. The solution, which increases LONI's network capacity by a factor of 10, comprises Infinera's XTM Series open line system and GX Series transponders. The upgraded network expands the ability for the research and education community to share and access information, resources, and remote instruments in real time.
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GAN | Hot Stocks08:11 EST Gan Limited announces launch of sports, iGaming in Mexico - GAN Limited announced its launch in the regulated Mexican market, making it Coolbet's tenth country of operations. Starting January 16, Coolbet has partnered with a locally licensed partner allowing the use of its brand to offer eligible customers in Mexico the opportunity to place bets on its cutting edge platform and will also provide support to the operations. Mexican sports fans will be able to bet on the most popular events in Mexico and LATAM, including the 2023 Mexico Open, MLB Mexico, Copa Libertadores, Copa Sudamericana, Recopa Sudamericana, and Formula 1, among many others. Endre Nesset, President of B2C for GAN, commented: "We are thrilled to be live and operating in the regulated Mexican market and bringing the award-winning Coolbet brand to local players. We expect our share of the market to grow over time, but initially we expect both investment spend and revenue to be modest, as we gain familiarity with the market. Thus far, our planned launch in Mexico has been asset-light, with limited marketing spend focused on targeted social media and digital campaigns, and plans to sponsor Mexican athletes and streamers to drive awareness. We look forward to supporting our local partners as we grow our presence in this exciting market."
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SPXC | Hot Stocks08:11 EST SPX Technologies announces sustainability commitments - SPX Technologies announced its sustainability commitments. The company has committed to a 30% reduction in greenhouse gas emissions intensity by 2030, and greater transparency in our diversity and inclusion disclosures, as we focus on enhancing our performance annually.
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LTRN | Hot Stocks08:11 EST Lantern Pharma receives pre-IND feedback from FDA on LP-184 - Lantern Pharma announced it has received guidance from the United States Food and Drug Administration, FDA, on Lantern's clinical development plans for its LP-184 program. LP-184 has shown nanomolar potency across a range of cancers including several solid tumors and multiple adult and pediatric central nervous system, CNS, cancers. The FDA feedback clears Lantern's path for an IND submission and the targeted initiation of a first-in-human clinical trial in Q2 2023. During Q4 2022, Lantern requested a pre-investigational new drug meeting with the FDA, requesting agency feedback in connection with its planned LP-184 IND application. The FDA's responses and guidance have been aligned with the company's clinical, CMC, and preclinical development plans and solidifies Lantern's timeline for an IND submission and clinical trial initiation in Q2 2023. The upcoming LP-184 Phase 1 trial is expected to enroll patients with pancreatic cancer, select solid tumors with DNA damage repair deficiency, and malignant gliomas-including glioblastoma. The FDA previously granted Lantern Orphan Drug Designations for LP-184 in both pancreatic cancer and malignant gliomas. The upcoming LP-184 first-in-human Phase 1 trial is expected to include patients across a range of solid tumor types, including adult brain and central nervous system cancers. "We expect to have multiple cancer indications and sub-types in this upcoming LP-184 trial that have been identified with the help of our A.I. platform, RADR. The identification and preclinical validation of these indications has been accomplished in timelines that are typically unheard of in oncology drug development. This gives us a unique advantage of generating multiple meaningful and clinically needed programs that we can develop, partner, and monetize for the benefit of our shareholders and for cancer patients," stated Panna Sharma, Lantern's President and CEO. "Our team has been very focused on aligning multiple workstreams to make for an impactful launch of our LP-184 Phase 1 program later this year across multiple cancer types that have the molecular characteristics for sensitivity to this exciting new drug candidate," continued Sharma.
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DATS | Hot Stocks08:10 EST DatChat launches live video chat application with anti-screenshot protection - DatChat released their live encrypted video chat application with screenshot and screen capture protection as part of the DatChat Messenger. The new feature allows DatChat users to connect via an encrypted live video chat that also is designed to prevent screenshots or screen grabs. As of today, the video chat application is available as part of The DatChat Social Network+ app, available as a free download for iOS and Android.
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ENPH | Hot Stocks08:09 EST Enphase Energy expands IQ8 microinveter deployments in the Netherlands - Enphase Energy announced that installers of Enphase products in the Netherlands have seen an increase in deployments of residential solar energy systems powered by IQ8 Microinverters, following the product's expansion to international markets in November 2022.
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DCTH | Hot Stocks08:08 EST Delcath Systems reports updated results from Phase 1b melanoma trial - Delcath Systems announced the publication of updated results from the Phase 1b CHOPIN Trial on the use of the Delcath Chemosat Hepatic Delivery System with Melphalan in combination with the immune checkpoint inhibitors ipilimumab and nivolumab to treat patients with metastatic uveal melanoma with liver metastases. The goal of the CHOPIN trial is to study the safety and potential synergistic effects of systemic ICI therapy ipilimumab plus nivolumab when combined with Delcath's proprietary liver-targeted percutaneous hepatic perfusion treatment in metastatic uveal melanoma patients. The Phase 1b portion of the trial enrolled seven patients each of which were treated with two courses of PHP combined with four courses IPI+NIVO. As previously reported, the Best Overall Response included 1 complete response, 5 partial responses and 1 stable disease accounting for an Objective Response Rate of 85.7% and a Disease Control Rate of 100%. All patients are still alive and three of four patients who subsequently experienced PD continued with treatment in the form of repeated melphalan PHP cycles. Grade 1/2 adverse events were seen in all patients and 71.4% experienced grade 3/4 toxicities. In this phase 1b dose-escalation study combining M-PHP with IPI/NIVO the safe treatment dose was established at IPI 1mg/kg and NIVO 3mg/kg. The phase 2 part of the CHOPIN study will provide more information on both hepatic and systemic toxicity associated with the combination therapy.
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BGSF | Hot Stocks08:08 EST BG Staffing announces two executive leadership appointments - BGSF announces the appointments of Christopher Loope as Chief Strategy Officer and Nycole Rosen as Chief Information Officer. These key promotions reflect the Company's commitment to growth by further strengthening the strategic vision of expanding operations, technology, and overall market share in 2023. Loope joined BGSF in January 2019 as CIO. Rosen joined BGSF in 2019 as Vice President of Technology.
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PLBY | Hot Stocks08:08 EST PLBY Group and Charactopia announce Playboy China joint venture - PLBY Group announced that they have entered into a shareholders agreement to form "Playboy China", a joint venture that will jointly own and operate the Playboy branded consumer products business in parts of the China market, including mainland China. The Playboy China joint venture will focus on reinvigorating all aspects of the China-market Playboy apparel business, including online and offline retail strategies, product design and assortment, and brand marketing to its multi-generational audience. The Shanghai-based joint venture team will look to build on Playboy's current roster of licensees and online storefronts by adding new partners and growing through new product categories yet to be developed in China with the Playboy brand.The joint venture will be governed by a Board of Directors that includes representatives from both Playboy and Charactopia with Playboy retaining majority ownership of the Playboy China joint venture, which is valued by the partners at US$250 million. The Playboy China joint venture team will work closely with the Playboy apparel team in the U.S. to ensure a unified presentation and positioning for the Playboy brand globally.
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GOGO... | Hot Stocks08:08 EST Gogo's connectivity solution selected by Jet It for installation across fleets - Gogo Business Aviation's (GOGO) connectivity solution for light jets - Gogo AVANCE L3 - has been selected by Jet It for installation across its fleet of HondaJets (HMC), Gulfstream G150s and new Embraer (ERJ) Phenom 300 aircraft.
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SZZL | Hot Stocks08:07 EST Critical Metals announces MoU between European Lithium, Obeikan - European Lithium, a mineral exploration company in a proposed business combination with Sizzle Acquisition Corp to form Critical Metals Corp, announced it has signed a non-binding Memorandum of Understanding, MoU, with Obeikan Investment Group to build and operate a hydroxide plant in Saudi Arabia for the Wolfsberg Lithium Project in Austria. Under the MoU, which would create a joint venture between the two parties, European Lithium and Obeikan will work together to negotiate suitable commercial terms for the construction and operation of a hydroxide plant in Saudi Arabia, although no assurance is given that a binding agreement will be executed. Critical Metals Executive Chairman Tony Sage commented: "This proposed JV with Obeikan will unlock key opportunities for Critical Metals. It will allow us to focus our efforts on building the facilities to start mining concentrate, and is expected to result in significant energy cost savings for the Wolfsberg Project."
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ONFO | Hot Stocks08:05 EST Onfolio Holdings to acquire Contentellect for $850K cash - Onfolio Holdings announced that it has entered into an asset purchase agreement with Contentellect Limited to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing. The transaction is expected to close in the first quarter of 2023. Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Contentellect helps small-and medium-sized businesses scale their content with blog writing, link building, and more. The service offering consists of copywriting and outreach services such as content writing services, website link building services, social media marketing services and virtual assistant services to individuals, businesses and agencies. The content created helps customers by improving organic traffic via search engines, enables them to conduct thought-leadership, and gives sales and marketing teams relevant and usable content at the top and middle of the marketing funnel. Contentellect reported $330,000 of adjusted EBITDA in 2021.
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BAK | Hot Stocks08:05 EST Braskem announces project to evaluate production of bio-based polypropylene - Braskem announced a project to evaluate an investment in producing carbon negative bio-based polypropylene in the U.S. The project would utilize Braskem's proven, proprietary technology to convert bioethanol into physically segregated bio-based polypropylene. Braskem is exploring partnership opportunities for this project with several clients, brand owners, and suppliers. Mark Nikolich, Braskem America CEO, commented, "Building on our core technology and market leadership, we are actively evaluating a project to produce the world's first bio-based polypropylene on an industrial scale to support our ambitious sustainability objectives and deliver tangible solutions to our clients. As an established leader in the innovation and production of bio-based materials, we have seen the demand for Braskem's bio-based materials grow significantly since our initial product launches. This new U.S.-based project would not only serve a growing market for sustainable solutions but also reduce Braskem's reliance on fossil feedstock. Expanding our portfolio to include bio-based PP supports Braskem's goal of 1MM tons of biopolymers capacity by 2030 and becoming carbon neutral by 2050."
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GOCO | Hot Stocks08:05 EST GoHealth achieves positive cash flow from operations in FY2022 - GoHealth reported certain positive preliminary operating results achieved during the 2022 Annual Enrollment Period - AEP -, for plans effective January 1, 2023, as a result of its Encompass-driven business transformation. Achieved positive cash flow from operations in FY2022, sooner than the company's target of cash flow break-even by the first half of 2023 and reflecting a more than $300M improvement in cash flow from operations vs. FY2021. Matched over 325K beneficiaries with a Medicare Advantage plan. Attained approximately 48% penetration through the Encompass Connect solution this AEP, ahead of the company's 30% goal. Delivered over 25% improvement in AEP operating efficiency year over year, ahead of previously stated expectations of up to 20%. "While still early in our year-end close process, these positive preliminary operating results reinforce our confidence that our business transformation is working," said Vijay Kotte, CEO. "Achieving our cash flow goal ahead of schedule is an important validation of our operating rigor and beneficiary enrollment platform. Our industry-leading technology, top-tier talent, and exceptional execution led to our strong performance this AEP."
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RYCEY | Hot Stocks08:05 EST Rolls-Royce, Xanadu to co-develop quantum computing tools with PennyLane - Xanadu and Rolls-Royce are co-developing new quantum algorithm tooling for PennyLane, Xanadu's open-source quantum computing software widely used for quantum machine learning, chemistry, and optimization. Xanadu and Rolls-Royce are committed to advancing the field of quantum computing, studying its potential to solve complex problems and building tools with lasting business impact. The first project will develop quantum software functionality tailored for Quantum Singular Value Transformation, or QSVT, in PennyLane to help Rolls-Royce accelerate its research into quantum algorithms for aerospace applications. QSVT is a modern paradigm for quantum algorithms that enables innovative methods for employing quantum computers to explore a variety of problems of interest.
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SWAV NVCN | Hot Stocks08:05 EST ShockWave Medical to acquire Neovasc for $27.25 per share - Shockwave Medical (SWAV) announced it has entered into a definitive agreement to acquire Neovasc Inc. (NVCN). The companies said, "The Neovasc Reducer System is a first-of-its-kind technology to address refractory angina. Refractory angina is a chronic condition in which a patient suffers chest pain that cannot be controlled by conventional therapies. It is estimated that each year, in the U.S. and the E.U. alone, up to 300,000 new patients with obstructive coronary disease who are ineligible for conventional revascularization experience refractory angina, despite guideline-directed medical therapy. In addition, it is estimated that up to another 500,000 new patients present with angina and non-obstructive coronary artery disease in the U.S. and the E.U. each year. The Neovasc Reducer System has been granted Breakthrough Device designation by the FDA, is CE-marked and is currently enrolling patients in the COSIRA-II study, a randomized clinical trial being conducted under an Investigation Device Exemption intended to support U.S. FDA approval for patients with coronary obstructive refractory angina." Upon the closing of the transaction, Shockwave Medical will acquire all outstanding Neovasc shares for an upfront cash payment of $27.25 per share, corresponding to an enterprise value of approximately $100 million, inclusive of certain deal-related costs. Neovasc shareholders will also receive a potential deferred payment in the form of a non-tradable contingent value right entitling the holder to receive up to an additional $12 per share in cash if certain regulatory milestones are achieved. The upfront cash consideration represents a premium of 27% and 68% to the closing price and 30-day VWAP, respectively, of Neovasc's common shares on the Nasdaq Capital Market on January 13, 2023. The transaction will be effected by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act, and is subject to customary closing conditions, including requisite Neovasc shareholder approval. Shockwave expects to complete the transaction in the first half of 2023. The Board of Directors of Neovasc, acting on the unanimous recommendation of a special committee comprised of independent directors and after having received an opinion from its financial advisor to the effect that the consideration to be received by Neovasc shareholders pursuant to the plan of arrangement is fair from a financial point of view, has unanimously approved the arrangement. Directors and executive officers of Neovasc and related parties, holding an aggregate of approximately 9.23% of the Neovasc shares currently outstanding have entered into support and voting agreements with Shockwave.
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GRWG | Hot Stocks08:04 EST GrowGeneration announces new store in Traverse City, Michigan - GrowGeneration announced the acquisition of inventory and equipment from The Grow Store, a family owned and operated business located in Traverse City, Michigan, with roots dating back to 1997 as one of the first hydroponics and indoor garden centers in the country. As a part of the transaction, GrowGen also took over the existing store location at 90 N. US-31 S., Traverse City, MI. Darren Lampert, Co-Founder and Chief Executive Officer of GrowGen said, "We are excited to expand our retail footprint to northern Michigan to more efficiently and effectively service the many growers in that area. The Grow Store has had incredible success and we are excited to continue its legacy in the Traverse City market."
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FOUR | Hot Stocks08:03 EST Shift4 Payments partners with Real Salt Lake - Real Salt Lake of Major League Soccer has selected leading commerce technology provider Shift4 to power payments at America First Field and Zions Bank Stadium to help further enhance the gameday experience for the fans of the Claret-&-Cobalt. Shift4's end-to-end payment solution will enhance the fan experience at these venues in numerous ways. It will enable guests to pay for all transactions within the stadiums using a single account, personalize offers and experiences, and provide multiple payment options. "We are thrilled to partner with the Real Salt Lake to enhance the gameday experience for fans at America First Field," said Shift4 Head of Enterprise Anthony Perez. "Our goal is to provide a frictionless commerce solution for their venues, thus streamlining stadium operations to reduce payment complexities for their fanbase."
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SWAV NVCN | Hot Stocks08:03 EST ShockWave Medical to acquire Neovasc for $27.25 per share
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UAL | Hot Stocks08:03 EST United Airlines opens global Inflight Training Center in Houston - United opened in Houston its largest Inflight Training Center, a 56,000 sq. ft. facility that includes new classrooms, additional cabin and door trainers and a state-of-the-art aquatic center that features a 125,000-gallon pool and mock fuselage to practice the safe evacuation of the plane in the unlikely event of a water landing. Congresswoman Sheila Jackson Lee and Houston Mayor Sylvester Turner joined United CEO Scott Kirby at a ceremonial ribbon cutting event in Houston to officially open the new training center. The $32M expansion project more than doubles the available training space and supports the airline's plan to hire and train a total of 15,000 people in 2023, including 4,000 flight attendants. United plans to train more than 600 flight attendants per month at the newly expanded Houston facility and the expansion project is another example of United's focus on long-term investments in infrastructure, tools and technology to support its United Next growth plan as well as the airline's continued commitment to Houston.
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SKE | Hot Stocks08:02 EST Skeena Resources announces signing of Eskay Creek process charter - Skeena Resources announces the signing of the permitting Process Charter and other key milestones in the approval process for the Eskay Creek gold-silver Project located in Tahltan Territory in the Golden Triangle of British Columbia. The Process Charter is a unique collaboration between Skeena, the Tahltan Central Government, and the Government of BC. This document establishes a workplan for all parties to collaborate on an efficient Environmental Assessment and permitting process for Eskay Creek. The target timelines established in the Process Charter outline the EA Certificate being received in H2 2024 and final permits to be issued in H1 2025. These dates align with the development timeline anticipated for the Project.
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NOVA | Hot Stocks08:02 EST Sunnova Energy teams with USAA to bring clean energy services to members - Sunnova Energy International announced today that it has teamed up with USAA Alliance Services, USAA, a leading provider of financial services for active and retired military and their families, to offer its EaaS solutions to its members across the United States. USAA members will benefit from both companies' commitment to customer service and enjoy affordable, reliable, and clean energy created right from their rooftops. "We are thrilled to come together with USAA and bring our Sunnova SunSafe solar + battery storage services to its members," said Vera Gavrilovich, VP of Marketing at Sunnova. "As more consumers are experiencing rising energy bills and increasingly frequent power outages, many are choosing to make their own power with Sunnova to protect their financial future and increase their energy security."
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LPTX | Hot Stocks08:01 EST Leap Therapeutics acquires Flame Biosciences - Leap Therapeutics and Flame Biosciences, a privately-held biotechnology company, have entered into a definitive merger agreement pursuant to which Leap has acquired Flame and its assets, including FL-301, its clinical stage anti-Claudin18.2 monoclonal antibody, FL-302, its preclinical anti-Claudin18.2/CD137 bispecific monoclonal antibody, FL-501, its preclinical anti-GDF15 monoclonal antibody, and net cash of approximately $50M as of December 31, 2022. The combined company will continue to trade on Nasdaq under the ticker symbol "LPTX," will be led by Leap's existing management team, and will also remain focused on advancing DKN-01, Leap's anti-DKK1 monoclonal antibody, in Phase 2 clinical trials in gastric cancer, endometrial cancer, and colorectal cancer patients. The total cash balance of the combined company as of December 31, 2022 was approximately $115M, expected to be sufficient to fund Leap's planned operating expenses and development plans for DKN-01, FL-301, and the preclinical programs to mid-2025.
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NEXCF | Hot Stocks07:59 EST Nextech AR receives enterprise 3D modeling expansion contract - Nextech AR Solutions announced the expansion contract with thousands of 3D model products for Majid Al Futtaim. The Company is also pleased to announce that it now supplies 3D models for Procter & Gamble as well as Bunnings. These latest 3D modeling contracts are further evidence of the global demand for 3D models due to the high ROI. Nextech anticipates the 3D model mega-trend gaining even more traction in 2023, as the mass adoption of 3D models continues. Nextech is currently in discussions with other major retailers and is anticipating a record number of new deals for 3D models in 2023.
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FRZA | Hot Stocks07:58 EST Forza X1 board authorizes $1M stock repurchase program - Forza X1 announced that its Board of Directors has approved a stock repurchase program authorizing the repurchase of up to $1,000,000 worth of shares of Forza X1, Inc. stock.
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VEEE | Hot Stocks07:58 EST Twin Vee PowerCats board authorizes $1M stock repurchase program - Twin Vee PowerCats announced that its Board of Directors has approved a stock repurchase program authorizing the repurchase of up to $1,000,000 worth of shares of Twin Vee PowerCats Co. stock.
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BDRBF | Hot Stocks07:51 EST Bombardier launches new issuance of senior notes due 2029 - Bombardier announced that it has launched an offering of US$500 million aggregate principal amount of new Senior Notes due 2029. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, to fund the redemption of all of its outstanding 7.500% Senior Notes due 2024, of which there is $396 million aggregate principal amount outstanding on the date hereof, to finance the offer to purchase up to $104 million aggregate principal amount of its outstanding 7.50% Senior Notes due 2025 of which there is $1,139 million aggregate principal amount outstanding on the date hereof, and for the payment of related fees and expenses. Consummation of the offering of the New Notes, the redemption of the 2024 Notes and the 2025 Tender Offer are subject to market and other conditions, and there can be no assurance that Bombardier will be able to successfully complete these transactions on the terms described above, or at all. The redemption of the 2024 Notes and the 2025 Tender Offer are subject to certain conditions, including the completion of the offering of the New Notes prior to February 16, 2023, as it relates to the 2024 Notes Redemption, and prior to February 1, 2023, as it relates to the 2025 Tender Offer.
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BDRBF | Hot Stocks07:50 EST Bombardier announces conditional notice of redemption of senior notes - Bombardier announced that it has issued a conditional notice of redemption for all of its outstanding 7.500% Senior Notes due 2024. As set forth in the conditional notice of redemption issued today in respect of the Notes, the redemption date is February 16, 2023 and the redemption price is 101.875% of the principal amount redeemed, plus accrued and unpaid interest. The redemption of the Notes is subject to and conditioned upon Bombardier completing a new offering of debt securities in the aggregate principal amount of not less than US$500 million before the Redemption Date; however, Bombardier may delay or waive this condition in its sole and absolute discretion.
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DSX | Hot Stocks07:49 EST Diana Shipping announces direct continuation of m/v Polymnia time charter - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with CLdN Cobelfret , Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$10,000 per day for the first thirty days of the charter period and $15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum April 1, 2024 up to maximum May 31, 2024. The new charter period commenced on January 14. The "Polymnia" is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$17,700 per day, minus a 5% commission paid to third parties, for a period until minimum May 20, 2024 up to maximum August 5, 2024. The charter commenced on January 15 .
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BDRBF | Hot Stocks07:49 EST Bombardier announces cash tender offer for certain senior notes - Bombardier announced the commencement of a tender offer to purchase for cash up to $104,000,000 aggregate principal amount of its outstanding 7.50% Senior Notes due 2025. The Tender Offer is being made in connection with a concurrent offering of notes by the Company to be sold in an offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. The Tender Offer will be financed by the amounts raised in the New Offering. The Tender Offer is being made pursuant to an Offer to Purchase dated January 17, 2023.
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OPGN | Hot Stocks07:46 EST OpGen gets confirmation from FIND of several key milestones met - OpGen announced that the Company has received confirmation from FIND, the global alliance for diagnostics, that several key milestones under its collaboration agreement with the global non-profit organization have been successfully met as of the end of 2022. This achievement has triggered an undisclosed milestone payment per the terms of the agreement.The completed milestone included several key deliverables: successful demonstration of DNA isolation on the Unyvero A30 cartridge from representative bacterial strains in various types of blood culture bottles with subsequent PCR; successful demonstration of several 3-plex assays from the intended panel on the A30 cartridge with both pathogen detection as well as AMR markers; and a detailed set of product requirements for the target product profile, including a list of analytes to be detected which has been defined. OpGen's subsidiary Curetis furthermore provided a report including results from its internal database analysis looking at genetic diversity and resistance profiles in pathogens observed in low and middle income countries. Also, a device specification for a prototype cockpit optimized for use with the A30 platform has been defined and agreed upon.
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SIGA | Hot Stocks07:44 EST Siga Technologies CEO Phil Gomez to retire in 2023 - SIGA Technologies announced that Phil Gomez, PhD, Chief Executive Officer of SIGA, has announced his intention to retire as CEO in 2023. SIGA's Board of Directors has initiated a search for a new CEO, and Dr. Gomez is expected to remain in position as CEO until his successor commences services as Chief Executive Officer of SIGA.
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PYR | Hot Stocks07:41 EST PyroGenesis in contract worth over over $500K with lithium-ion battery recycler - PyroGenesis Canada announces that the Company, through Pyro Green-Gas, a wholly owned subsidiary of PyroGenesis, has signed a contract with a North American lithium-ion battery recycler for the delivery of a system to decontaminate the dust generated during the battery recycling process. The value of the Contract must remain confidential, but the Company can confirm that it is it is over $500,000 and under $1M. Under the scope of this Contract, the Company has been engaged to design and fabricate a system with a volume capacity of up to 4000 Nm3/h. This represents the combined exhaust from (i) shredding battery materials, and (ii) handling and transfer via pneumatic conveying of the powdered and granular materials resulting from the Client's proprietary process.
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MRMD... | Hot Stocks07:40 EST Marimed appoints Matt Truppo as VP, retail sales - MariMed announced that two executives have joined the Company to help drive retail and wholesale revenues and product innovations that meet the needs of today's cannabis consumer. Matt Truppo joins MariMed as Vice President of Retail Sales, and Jay O'Malley joins the Company as Vice President of Marketing and Research & Development. Truppo will be responsible for maximizing the revenue and profitability of all MariMed-owned and managed dispensaries. He will lead cross-functional teams to open new dispensaries, manage all purchasing and pricing decisions, implement loyalty and other marketing strategies, and ensure that MariMed dispensaries continue to deliver an exceptional customer experience. Prior to joining the Company, Mr. Truppo served as Vice President of Retail in Pennsylvania and Illinois for cannabis operator AYR Wellness.As Vice President of Marketing and Research & Development, Mr. O'Malley will lead the Company's Trade Marketing team. In that role, he will drive strategies to increase the purchase of MariMed's products through the wholesale channel. Additionally, while overseeing the Company's product development efforts, he will identify and translate consumer insights into new and innovative product opportunities. Mr. O'Malley joins MariMed after a distinguished 20-year career at The Boston Beer Company, where he most recently served as Director of Spirits Commercial Operations.
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ARAY | Hot Stocks07:40 EST Accuray's CyberKnife system used for first time in New Zealand - Accuray announced that Auckland Radiation Oncology is the first center in New Zealand to treat patients with the CyberKnife System, a robotic radiation therapy device known for delivering treatments with sub-millimeter precision and accuracy in typically 1 to 5 outpatient sessions. The ARO medical care team selected the CyberKnife S7 System to provide stereotactic radiosurgery and stereotactic body radiation therapy to patients.
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JUSHF | Hot Stocks07:39 EST Jushi Holdings opens fifth Beyond Hello dispensary in Virginia - Jushi Holdings announced the opening of its fifth medical cannabis dispensary in Virginia and 37th retail location nationwide. Beyond Hello Arlington will begin serving Virginia medical cannabis patients and registered agents on January 18th at 10:00 a.m. Beyond Hello Arlington is located just minutes from I-66 at 2701 Wilson Blvd. and is adjacent to a Whole Foods. The dispensary is open daily Monday through Saturday from 10:00 a.m. to 8:00 p.m. and on Sundays from 10:00 a.m. to 6:00 p.m.
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AHKSY | Hot Stocks07:38 EST Asahi Kasei collaborates to develop recycling technology for carbon fiber - Asahi Kasei has developed a new technology for recycling carbon fiber plastic compounds together with the National Institute of Technology, Kitakyushu College and Tokyo University of Science. Carbon fiber reinforced plastics, CFRP, are highly attractive for various industries in demanding application fields due to their unique balance of rigidity, mechanical strength and light weight. However, CFRPs are expensive and challenging from a recycling perspective, as it is difficult to extract the carbon fibers from the resin after usage. Together with its project partners at the National Institute of Technology at Kitakyushu College and the Tokyo University of Science, Asahi Kasei has developed a recycling method that allows carbon fibers to be extracted from CFRP or carbon fiber reinforced thermoplastics used in automobiles. This results in high-quality, inexpensive continuous carbon fiber that can be recycled perpetually, contributing to the circular economy. Unlike carbon fiber that is chopped up during the recycling process, Asahi Kasei's method allows carbon fiber to be extracted from a plastic compound seamlessly, resulting in continuous strands of carbon fiber that can be reapplied in exactly the same manner while retaining properties identical to the original substance.
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NFYEF | Hot Stocks07:38 EST NFI Group announces additional order from Ohio's COTA for 14 electric buses - NFI Group announced that its subsidiary New Flyer of America Inc. ("New Flyer") received a new order from Central Ohio Transit Authority for 14 zero-emission, battery-electric Xcelsior CHARGE NG forty-foot heavy-duty transit buses, purchased off the Washington State Department of Enterprise Services contract. NFI Infrastructure Solutions will provide project coordination and commissioning, and 20 ABB HVC-C 150kW plug-in chargers and 40 dispensers, supporting reliable and safe battery-electric bus deployment in Columbus, OH.
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VMAR | Hot Stocks07:37 EST Vision Marine Technologies and Four Winns team with new H2e Bowrider - "Vision Marine Technologies is joining forces with Four Winns, a division of Groupe Beneteau , to revolutionize the recreational boating market with their new H2e Bowrider, equipped with Vision Marine's E-Motion 180 HP fully electric powertrain and motor," said the companies. "The partnership between these two industry leaders represents a major step forward in the development of sustainable and high-performance electric boats. The combination of Four Winns' renowned boat design and Vision Marine cutting-edge technology results in a truly innovative and unparalleled product. The H2e Bowrider is a game-changer for recreational boating, offering a quiet and emission-free boating experience, while still delivering the power and speed that boaters crave. The E-Motion(TM) 180 HP fully electric powertrain provides smooth and instant torque, allowing for a thrilling and responsive ride. The public and the boating industry can look forward to a revolutionary new era of sustainable and high-performance boating with the H2e Bowrider and the partnership between Vision Marine and Four Winns," added the statement.
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DFLI | Hot Stocks07:37 EST Dragonfly Energy launches Dragonfly IntelLigence technology - Dragonfly Energy Holdings announces the impending launch of Dragonfly IntelLigence, along with a host of accompanying products and accessories, which provide advancements in the lithium-ion battery space for backup power and off grid energy storage solutions. Dragonfly IntelLigence technology will provide Battle Born Batteries with reliable communication capabilities via unique mesh network connectivity, enabling accurate remote monitoring for entire lithium battery banks via the Dragonfly Energy Mobile App. Customers can ensure they will have power when they need it, with full visibility into the status of their power system based on the ability to monitor voltage, temperature, current load, battery health, system balance and more.
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ASGOF | Hot Stocks07:36 EST Asante announces results from drill program at Bibiani-Chirano mines corridor - Asante Gold announced results from its ongoing exploration drilling program at the South Russel and Aboduabo prospects located on our Bibiani - Chirano mines corridor on the Sefwi Greenstone Belt in Ghana. The Sefwi Greenstone Belt is host to significant gold mining operations including the Bibiani and Chirano mines which have produced +8Moz to date. Asante controls 53 km strike length of the corridor which includes the Bibiani and Chirano shear zones, where gold mineralization is typically hosted in shear faults and veins. The Company's Bibiani and Chirano gold mines have current mineral reserves of ~ 2.8Moz and Measured and Indicated resources of over 4.5Moz. The immediate exploration focus for Asante is to aggressively explore our proven mineralized trends to discover new mineable deposits and grow our mine and near mine resources and mine life. South Russel Prospect" The Company previously outlined the strike length of gold mineralization at South Russel as 200m, in its press release of August 17, 2022. New drilling results have now extended it to 500m. Drill intercepts confirm high grade mineralization from surface, consistent in width and grade to previous intercepts. The gold mineralized system remains open along strike and to depth. The South Russell prospect is located just 2 km south of the Bibiani Process Plant. Highlights: Recent drill intercepts include 21.5m down hole grading 3.37 g/t Au; of which 13.5m grades 5.05 g/t; Footprint of gold mineralization now tested and confirmed amounts to approximately 500m strike length and remains open along strike and to depth; Assay results continue to confirm significant intercepts from surface; All drill results are outside of the current mine plan mineral resource; Follow-up drill holes are planned to the south and north along strike of the recent intercepts. Selected intercepts include: MGDD22-194 - 21.5m @ 3.37 g/t Au from 22.0m to 43.5m Includes 13.5m @ 5.05 g/t Au from 24m to 37.5m; MGDD22-182 - 14m @ 4.49 g/t Au from 216m to 230m Includes 12m @ 5.20 g/t Au from 218m to 230m; MGRCD22-066 - 11.9m @ 3.22 g/t Au from 174.1m to 186m Includes 4m @ 7.53 g/t Au from 180m to 184m; MGRCD22-164 - 8m @ 3.36 g/t Au from 195m to 203m; MGDD22-105 - 7m @ 3.26 g/t Au from 171m to 178m; MGDD22-119- 5m @ 3.62 g/t Au from 177m to 182m; MGDD22-103 - 10m @ 1.86 g/t Au from 181m to 191m. Aboduabo Prospect: The Aboduabo prospect is located approximately 5km north of the Chirano Process Plant and 10 km south of the Bibiani Process Plant. It lies within the Bibiani trend, is hosted in Birimian sedimentary rock sequences, and is different in style compared to the Chirano gold deposits which are hosted in Birimian volcanic and granitoid sequences along the sub parallel Chirano trend. The historical exploration of the Aboduabo project comprised of 54 holes that delineated a mineralized strike of 1.3km and 500 meters wide. Significant gold assays. at shallow depth from surface, were noted in previous drilling programs. Some of the historical drill results include: Highlights: 24m down grading hole 4.31 g/t Au; 25m down hole grading 2.95 g/t Au; 23m down hole grading 2.65 g/t Au; 23m down hole grading 2.41 g/t Au; 32m down hole grading 2.17 g/t Au from CHRC1054 CHRC798D CHRC723 CHRC720 and CHCH009A respectively. Exploration activities at Aboduabo were initiated immediately after our recent acquisition of Chirano, with drill results acquired to date confirming that the mineralized system at Aboduabo is open for extension at depth and along strike. Drill results from the first hole of the current program have intersected 21.5m @ 2.99 g/t Au including 11.35m @ 4.73 g/t Au. The current drilling program was initiated in September 2022 and has been accelerated as Asante intends to prepare a maiden resource by Q4 2023 and, if warranted a starter pit soon thereafter.
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LSPD | Hot Stocks07:35 EST Lightspeed announces reorganization, 10% workforce reduction - Lightspeed announced a reorganization to streamline the company's operating model while continuing to focus on profitable growth. The reorganization includes the reduction of approximately 300 roles representing about 10% of Lightspeed's headcount-related operating expenditures, with half of the cost reduction coming from management layers. Lightspeed will continue to hire core go-to-market and development roles that support profitable growth. Lightspeed expects to deliver third quarter results within its previously-established range for revenue outlook and ahead of Adjusted EBITDA outlook. The company estimates the actions announced will result in an incremental restructuring cash charge of $12M-$14M, primarily consisting of severance payments, employee benefits and related costs, and expects to incur these charges primarily in the company's 4th quarter.
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SIDU | Hot Stocks07:34 EST Sidus Space expands distribution strategy through agreement with SkyWatch - Sidus Space announced that it signed an agreement with SkyWatch for use of its TerraStream data-management platform. This agreement is expected to accelerate the expansion of Sidus' commercial data distribution strategy which includes white labeling data for the Company's existing customers as well as driving growth of new data customers. Serving as a key contributor to the Space data marketplace, the agreement is expected to generate additional revenue for the Company and engage customers that otherwise may not have connected with Sidus. The TerraStream platform provides end-to-end data management and distribution capabilities to satellite operators, and provides an accelerated path to grow revenue and new markets through EarthCache, SkyWatch's remote sensing platform. "A key part of our business plan has always included monetizing high-impact data for insights on virtually every commercial sector, and, as we prepare to launch LizzieSat this year, this agreement represents an important milestone on that journey," said Carol Craig, Sidus Space Founder and CEO. "As new customers and industries begin to understand how Space-based data can impact business strategy, we believe that Sidus is well-positioned to capitalize on the increasing demand."
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LMB | Hot Stocks07:33 EST Limbach Holding announces leadership transition - Limbach announced the appointment of Michael McCann as Chief Executive Officer, CEO, effective March 29, 2023. McCann currently serves as Executive Vice President and Chief Operating Officer, COO, of Limbach, a role he has held since 2019. McCann will take over as CEO from Charlie Bacon, who has served as the Company's CEO since 2004. Bacon will continue to serve as a member of Limbach's Board of Directors until the Company's 2023 annual meeting of stockholders, at which time he will retire from the Board of Directors. In connection with his promotion, McCann will also join the Company's Board of Directors on March 29, 2023. Bacon will remain employed by Limbach as a special advisor to assist with the transition. In addition to McCann's promotion, the Company is also promoting Jay Sharp to President of the following Limbach Holdings.
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SLSSF | Hot Stocks07:32 EST Solaris Resources reports assay results from Warintza Project - Solaris Resources reports assay results from a series of holes aimed at growing mineral resources at the Warintza East discovery within its Warintza Project in southeastern Ecuador. Highlights: Warintza East was discovered in July 2021, with eight holes covering the overlapping periphery included in the Warintza Central Mineral Resource Estimate in April 2022. These follow-up drill results significantly expand the drilled dimensions of the Warintza East footprint to the northeast, east and south, with the deposit remaining open in these directions, most importantly towards strong soil anomalism to the south. SLSE-16 was collared at the eastern limit of the grid and drilled southwest into an open volume, returning 108m of 0.57% CuEq within a broader interval of 712m of 0.45% CuEq from surface, extending mineralization to the south and southeast where it remains open This hole was collared approximately 250m to the southeast of SLSE-13, which previously returned 104m of 0.45% CuEq from surface within a broader interval of 618m of 0.29% CuEq; SLSE-17 was collared in the middle of the Warintza East drill grid and drilled southeast into an open volume, returning 144m of 0.52% CuEq from surface within a broader interval of 914m of 0.40% CuEq, extending mineralization to the east where it remains open; This hole extends the drilled dimensions further to the east beyond SLSE-14, which previously returned 292m of 0.50% CuEq from near surface within a broader interval of 694m of 0.40% CuEq; SLSE-19 was collared in the middle of the Warintza East drill grid and drilled northeast into an open volume, returning 270m of 0.40% CuEq from surface within a broader interval of 580m of 0.31% CuEq, expanding the footprint to the northeast where it remains open; Drilling to date confirms Warintza East as a significant porphyry deposit that adjoins Warintza Central and remains open for expansion, with assays pending from a series of extensional holes to the north, east, south and southeast. Jorge Fierro, Vice President, Exploration, commented: "Warintza East's largely undrilled footprint is a target for major mineral resource growth in the ongoing drilling program where only minimal drilling was included in the MRE and adjoins with Warintza Central. Assays are pending from further extensional holes to the north and east and targeting strong soil anomalism in step-out drilling to the south."
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EMOTF | Hot Stocks07:32 EST Emerita completes 184 diamond drill holes on the IBW project in FY22 - Emerita Resources provides the following summary of the Company's progress in 2022 and lay out priorities and objectives for 2023. Emerita has been running an accelerated diamond drill campaign on its wholly owned Iberia Belt West Project since June 2022 when it received permits to drill the large La Romanera deposit. David Gower, P.Geo., CEO of Emerita remarks, "2022 was a very busy and productive year for the Company and our team made excellent progress in advancing the IBW project towards a potential production decision. 2023 will see the culmination of that effort with completion of the initial NI 43-101 mineral resource estimate, metallurgical testing and commencement of economic and engineering studies. The Company is in a solid financial position to complete the planned work programs..."The Company has completed a total of 184 diamond drill holes on the IBW project as of the end of 2022 - 78 drill holes at the Infanta deposit and 106 at the Romanera deposit. Most of the drilling was completed after June 2022, when the number of drills on the Project were increased to 15 with 14 rigs in total at the Romanera deposit. Drilling at that pace is expected to continue for approximately one more month which will add approximately 50 additional intercepts at which time the database will be locked to commence estimation of the initial NI 43-101 mineral resource estimate for both deposits. The Company expects to have most of the remaining assays required for the mineral resource estimate by early March. Work on the technical report including site visit, database and QA/QC process validation has already commenced and the final report is expected early in Q2 2023. Both deposits are expected to be open for future expansion at depth and along strike at that time. Initial proposals for completing the metallurgical testing have also been received and this work is expected to proceed concurrently with the resource estimation work and be completed in mid-2023.
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ELTK | Hot Stocks07:31 EST Eltek notified of $0.6M penalty from Ministry of Environmental Protection - Eltek received a notification from the Ministry of Environmental Protection about its intention to impose a penalty of approximately $0.6M for an alleged breach of the Clean Air Law during the years 2019-2020. The company intends to seek a reduction in the amount of the penalty, in accordance with provisions of the Clean Air Law.
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FNV | Hot Stocks07:31 EST Franco-Nevada raises quarterly dividend to 34c from 32c per share - Payable on March 30 to shareholders of record on March 16.
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PAR | Hot Stocks07:31 EST Par Technology subsidiary announces $21M U.S. Navy Award - PAR Technology announced that the U.S. Navy has awarded its subsidiary, Rome Research Corporation, RRC, a five-year $21M contract to provide uninterrupted operations and maintenance, O&M, support at Camp Lemonnier, Djibouti, Africa, providing over 90% of Department of Defense, DoD, communications for the entire continent of Africa. RRC has supported the Camp Lemonnier facility since 2012. "For more than a decade, Rome Research Corporation has provided superior support to the Naval Computer and Telecommunications Area Master Station Atlantic site in Djibouti," Michael Nelson, President of PAR Government, said about its subsidiary's performance. "Our employees are very passionate about their roles in supporting DoD facilities. Our focus is on applying technology to continuously improve the operational effectiveness of our Nation's warfighters, and we are very excited to continue our partnership with NCTAMS LANT."
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DCFC | Hot Stocks07:30 EST Tritium receives primary capital investment of $30M in December - Tritium also received a primary capital investment of $30 million in December 2022. This capital is made possible through a new, stand-alone $20 million working capital facility and an additional $10 million accordion, which expands the previously announced senior debt facility from $150 million to $160 million. The Company also confirms that it has not sold any securities under its previously announced $75 million B. Riley committed equity facility, and its current share count stood at 155,488,856 common shares as of December 31, 2022. The $20 million working capital facility has been provided by Sunset Power, a trustee of the St Baker Family Trust. The $10 million accordion facility is also provided by Sunset Power and expands the previously announced debt facility agreement with long-term supporters Cigna Investments, the investment arm of Cigna Corporation, a U.S.-based global health services company, Barings, a global investment manager, and Riverstone Energy Limited. The capital is to be used to grow the business through increased manufacturing capacity, securing long lead-time parts, and bolstering the Company's cash balance. These capital raises demonstrate the long-term support for Tritium by both its largest shareholder, Trevor St Baker AO, and the Company's senior lenders. In addition to providing capital, during the fourth quarter of 2022 the St Baker Family Trust notified Tritium that it had acquired an additional 3% of Tritium shares through market purchases, representing the maximum additional shareholder accumulation permitted under Regulatory Guide 6 of the Australian Securities and Exchange Commission addressing creeping acquisitions within takeover law, which limits additional accumulations in a six-month period by any shareholder with holdings in excess of 20% of the Company's common shares. The St Baker Family Trust and its affiliates now own and control 24.8% of the common shares of the Company as of December 31, 2022.
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DCFC | Hot Stocks07:29 EST Tritium provides update on Tennessee factory operations - Tritium began its lease of a factory in Tennessee in March 2022, fit out the facility over five months with the first of six planned production lines operational in July, and held a grand opening in August. During the 2022 calendar year, the Company made meaningful upfront investments in raw materials, equipment, and the recruitment of more than 200 employees for the Tennessee facility. Tennessee will continue to scale over the course of 2023, producing the Company's chargers at a rate of efficiency previously not achievable. In December 2022, Tritium produced record units at both its Brisbane and Tennessee facilities, with each location contributing to the achievement of the single largest monthly output in Company history with more than 600 and 400 units, respectively. These milestones were reached by executing the Company's plan to accelerate production rates to meet customer demand and shorten order fulfillment time to drive improved working capital efficiency and advance Tritium's continued market leadership. Currently, the Tennessee factory is operating two production lines with plans to add three additional lines in 2023. While demand for Tritium's products supports an even faster factory ramp-up with additional lines and more shifts, the Company continues to balance its growth within the guardrails of working capital availability and labor recruitment in the local Tennessee market. The Company expects to hit several global production milestones in 2023 as the Tennessee factory continues to ramp-up and production at the Brisbane factory shifts to Tritium's new class of modular chargers. While the Tennessee factory focuses on modular charger production, Tritium remains on plan to cease production of its four legacy products at its Brisbane factory in 2023 to focus production efforts at that location solely on the Company's in-demand, modular chargers going forward. This optimization will further drive efficiency gains across purchasing, supply chain, warehousing, production, testing, quality control, and distribution, enabling improved margins. The production ramp-up in 2023 is expected to produce a total projected output of at least 11,000 units for the calendar year 2023. Calendar year 2024 is expected to benefit from the full year impact of 2023 initiatives: a production run rate at scale, the transition to the planned streamlined modular product suite, new products to be launched in 2023, continued improved pricing, and operational efficiencies across supply chains, logistics, and services.
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GOLD | Hot Stocks07:28 EST Barrick Gold reports preliminary Q4 gold production 1% lower than 4.2M ozs - Barrick Gold reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14M ounces was approximately 1% lower than the 4.2M ounces previously guided, while preliminary copper production of 440M pounds for 2022 was in line with the guidance range of 420 to 470M pounds. The preliminary Q4 results show sales of 1.11M ounces of gold and 99M pounds of copper, as well as preliminary Q4 production of 1.12M ounces of gold and 96 million pounds of copper. The average market price for gold in Q4 was $1,726 per ounce and the average market price for copper in Q4 was $3.63 per pound. Preliminary Q4 gold production improved from Q3 and was the highest quarter for the year with stronger performances from Cortez, Carlin and Tongon. This was partially offset by lower production at Pueblo Viejo which finished the year well within guidance. Compared to Q3, Q4 gold cost of sales per ounce is expected to be 4% to 6% higher, total cash costs per ounce3 are expected to be 2% to 4% lower and all-in sustaining costs per ounce3 are expected to be 1% to 3% lower than the prior quarter. Preliminary Q4 copper production was lower than Q3, driven by higher waste stripping, lower throughput as well as lower grades at Lumwana as per the mine plan and in line with our previous disclosures. Compared to Q3, Q4 copper cost of sales per pound2 is expected to be 38% to 40% higher, C1 cash costs per pound3 are expected to be 20% to 22% higher and all-in sustaining costs per pound3 are expected to be 26% to 28% higher. In addition to lower sales from Lumwana due to the lower production described above, Zaldivar also had higher input costs and higher sustaining capital. Barrick will provide additional discussion and analysis regarding its full year and Q4 2022 production and sales when the Company reports its quarterly and full year results before North American markets open on February 15.
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GS | Hot Stocks07:25 EST Goldman Sachs reports Q4 FICC revenue $2.69B, up 44% y/y - Net revenues in Global Banking & Markets were $6.52 billion for the fourth quarter of 2022, 14% lower than both the fourth quarter of 2021 and the third quarter of 2022. Investment banking fees were $1.87 billion, 48% lower than a strong fourth quarter of 2021. Net revenues in Equities were $2.07 billion, 5% lower than the fourth quarter of 2021.
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CLLS CLXT | Hot Stocks07:25 EST Cellectis announces Calyxt, Cibus sign definitive merger agreement - Cellectis (CLLS) announced that Cibus Global and Calyxt (CLXT), announced that Calyxt and Calypso Merger Subsidiary, LLC, a Delaware limited liability company and wholly-owned subsidiary of Calyxt, entered into an Agreement and Plan of Merger with Cibus and certain other parties named therein, pursuant to which, subject to the terms and conditions thereof, Calyxt and Cibus will merge in an all-stock transaction. The transaction combines two companies in agriculture-based gene editing, with facilities for trait development and next-generation plant breeding. Cellectis currently holds a 49.1% equity interest in Calyxt. Following the closing of the merger, Cellectis is expected to own approximately 2.5% of the equity interests of the combined company. In connection with the Merger Agreement, Cellectis executed a voting agreement with Cibus to vote in favor of and approve all the transactions contemplated by the Merger Agreement, subject to the terms and conditions thereof. The closing of the transaction is subject to the approval of Calyxt's stockholders, the approval of Cibus' members, the receipt of required regulatory approvals and satisfaction of other customary closing conditions. In connection with the transaction, Calyxt will file a registration statement on Form S-4 with the U.S. Securities and Exchange Commission, registering the issuance of the shares of common stock to be issued as merger consideration. The closing of the transaction is currently expected to occur in the second quarter of 2023.
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GS | Hot Stocks07:25 EST Goldman Sachs reports Q4 ROE 4.4%, ROTE 4.8% - Return on average common shareholders' equity was 10.2% for 2022 and annualized ROE was 4.4% for the fourth quarter of 2022. Return on average tangible common shareholders' equity was 11.0% for 2022 and annualized ROTE was 4.8% for the fourth quarter of 2022.
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IGMS | Hot Stocks07:23 EST IGM Biosciences initiates 1st-in-human clinical trial of IGM-7354 in solid tumor - IGM Biosciences announced that the first patient has been dosed in its Phase 1 clinical trial evaluating IGM-7354, a targeted IL-15/IL-15R IgM antibody which could potentially be used for the treatment of patients with solid and hematologic malignancies. The multicenter, open-label, dose escalation Phase 1 clinical trial will evaluate IGM-7354 intravenously administered as a monotherapy in patients with relapsed and/or refractory solid tumor cancers. The key objectives of this trial are to provide an initial assessment of pharmacokinetics, safety and immune cell proliferation. If IGM-7354 shows an encouraging safety profile and significant increases in T cells and natural killer cells in this clinical trial, the Company may begin combination studies of IGM-7354 with T cell engaging antibodies in 2024. The Company may also decide to pursue combination studies with CAR-T or CAR-NK cells with a partner. "The initiation of this clinical trial is another significant milestone in IGM's development, as it is the first clinical study of an IgM targeted immune cytokine," said Fred Schwarzer, Chief Executive Officer of IGM Biosciences. "If IGM-7354 shows an encouraging safety profile and significant increases in T cells and NK cells, we believe it may have clinical application in treating cancer in combination with a broad range of oncology drugs that rely on those immune cells for efficacy."
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IMRN | Hot Stocks07:22 EST Immuron receives European patent on drug composition - Immuron announced that has been granted a European Patent for compositions and methods for the treatment and/or prophylaxis of Clostridioides difficile associated disease. Notification of the decision to grant European Patent 14784945.9, entitled "Methods and Compositions for the treatment and/or prophylaxis of Clostridium difficile associated disease," was formally received yesterday, and grant of this application will be published in the European Patent Bulletin on 25 January 2023 under European Patent No. 2986316. The company previously reported it had received notification from the European Patent Office of the intent to grant in July last year.
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GMRE | Hot Stocks07:21 EST Global Medical announces Pipeline Health will assume its leases at White Rock - Global Medical REIT announced that the Company's leases with Pipeline Health, the tenant at GMRE's White Rock Medical Center in Dallas, Texas, will be assumed by Pipeline as part of its approved bankruptcy reorganization plan. Under its approved plan, Pipeline will assume its leases at White Rock subject to amendments to help facilitate Pipeline's exit from bankruptcy and its new business plan that reiterates Pipeline's commitment to the Dallas, Texas market. Jeffrey Busch, Chairman, Chief Executive Officer and President stated, "We are pleased with the outcome of the bankruptcy process and Pipeline's planned assumption of our leases at White Rock which reaffirms our investment thesis for that property. We believe that Pipeline has restructured itself with a narrower focus that includes the Dallas, Texas market, which should provide them a firmer footing to weather what has been a challenging market for acute-care hospitals. Because we structured the original transaction with significant credit protection, we are able to provide Pipeline some post-bankruptcy operating flexibility without any rent deferrals, which we believe is in the best interest of our stockholders." Pursuant to the proposed amendments there will be no changes to (i) the Company's prospective cash rents, (ii) the rental rate per square foot, (iii) prospective rent escalations, or (iv) the term of the Company's lease. The proposed amendments primarily relate to (i) GMRE contingently providing up to $3.8 million of proposed new capital expenditures and (ii) GMRE's application of a portion of Pipeline's security deposit to a portion of the rental payments due during the first year after the bankruptcy.
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ODV | Hot Stocks07:20 EST Osisko : Trixie portal underground decline completed to date - Osisko Development is pleased to announce an initial mineral resource estimate for its 100%-owned underground Trixie deposit , within the Company's wider Tintic Project , located in the historic East Tintic Mining District in central Utah, U.S.A. Chris Lodder, President of Osisko Development commented, "The initial Trixie MRE reflects a very limited footprint of the historically defined mineralized zones at Trixie and was delineated within only six months of the acquisition of the project. It exhibits outstanding precious metal grade potential within the structural corridors of the host quartzite and based on all data received and compiled to date we see potential to continue to extend mineralization at depth and on strike throughout and parallel to the historic mine footprint as well as repeats at several other prospects and past producers in the East Tintic District. This resource will assist the Company with its near-term exploration and operational planning."The Trixie MRE comprises five mineralized zones within the greater Trixie deposit, including T1, T2, T3, T4 and 75-85 zones over a strike length of 610 meters, a maximum width of 105 m and to a maximum depth of 295 m.The Trixie MRE is based on 4,467 underground chip samples, 4,780.1 m of current and verified historic drilling in 50 holes, of which 3,228.9 m of drilling in 23 holes were drilled by the Company in 2022. Gold mineralization is associated with high sulphidation epithermal mineralization, structurally controlled, and hosted within the quartzites. Mineralization consists of native Au, and rare Au-Ag rich telluride minerals with quartz and quartz-barite-sulphosalt stockwork veining...Approximately 50% of the 1,390 meter Trixie portal underground decline ramp has been completed to date. On track to reach the 625 level by the second quarter of 2023.The decline will significantly improve access to the underground workings, expand potential underground exploration target areas and provide sufficient flexibility to complete additional programs targeting mineral resource growth potential beyond the 625 level.
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VTNR | Hot Stocks07:20 EST Vertex Energy provides update on construction of its renewable diesel project - Vertex Energy provided an update on the construction of its renewable diesel conversion project. Vertex is continuing to advance construction activities on its renewable diesel conversion project, which is designed to convert the Mobile, Alabama refinery's existing hydrocracking unit to produce renewable diesel fuel on a standalone basis. On January 6, 2023, the Company safely completed shutdown procedures on the hydrocracker unit for the next stage of construction activities, as planned. The unit is scheduled to remain offline for a total of approximately 70 days while the project is finalized, with ultimate mechanical completion expected to occur during the final week of March, 2023. Upon completion of the project, the refinery is expected to commence production of renewable diesel in 2Q 2023. Initial volumes are planned to ramp to approximately 8 - 10 thousand barrels per day, with production volumes anticipated to subsequently ramp up to approximately 14 Mbpd upon installation of additional required infrastructure. The project continues to progress on schedule and on budget, with total capital expenditures on the renewable diesel conversion project during the fourth quarter of approximately $33.2 million. Total capital expenditures spent to date on the renewable diesel project are $72 million, or approximately 76% of the total projected budget for the project of $90-$100 million.
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VTNR | Hot Stocks07:20 EST Vertex Energy provides update on its Q4 financial results - Vertex Energy provided an update on its fourth quarter 2022 operating and financial results. Throughput volumes at the Company's Mobile Refinery for the fourth quarter of 2022 came in at approximately 77 Mbpd, exceeding management's prior forecast of 73 - 75 Mbpd, by 4% at the mid-point. The stronger throughput volumes for the quarter versus the Company's previously communicated estimates reflect continued consistent, efficient operations at the Mobile Facility. Operating expenses per barrel for the fourth quarter of 2022 are estimated to total between $3.75 - $4.00 per barrel, while the targeted capture rate on the benchmark Gulf Coast 2-1-1 crack spread is expected to be 50%-54%, in-line with prior forecasts. Based on performance during the quarter, Vertex is updating the prior guidance provided for 4Q 2022 as follows: Mobile Refinery Throughput Volume: raised to 77 from 73-75. Capex raised to $42M from $35M-$40M.
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AGNPF | Hot Stocks07:19 EST Algernon doses first subject in Phase 1 DMT clinical stroke study - Algernon Pharmaceuticals advised that its subsidiary, Algernon NeuroScience, has dosed the first subject in its Phase 1 clinical study of an intravenous formulation of AP-188 in the Netherlands. The trial is being conducted at the Centre for Human Drug Research in Leiden. DMT is a known psychedelic compound that is part of the tryptamine family. The purpose of the Phase 1 study is to identify the safety, tolerability, and pharmacokinetics of DMT when administered as an intravenous bolus followed by prolonged infusion, for durations which have never been studied clinically. In addition, several pharmacodynamic measures believed to be associated with neuroplasticity, including both measurements of biochemical markers and electroencephalographic readings, will be recorded. The first part of the study will use a single-escalating dose design aimed at identifying a safe and tolerable dose that will not produce psychedelic effects, while the second part will test the effects of repeated administrations of this same dose. There will be up to 60 healthy volunteers enrolled across the two parts of the study, which will include both psychedelic experienced and psychedelic naive patients. Since there have already been several Phase 1 studies successfully conducted on DMT, the Company is not anticipating any serious adverse events or safety issues arising from the study. The resulting data generated will help the Company to plan both a Phase 2 acute stroke and rehabilitation study more effectively. The Company has been working with its DMT and stroke experts from its medical advisory board to help design the planned Phase 2 studies in acute stroke and rehabilitation. The planned studies are expected to dose patients immediately following confirmation of their ischemic stroke diagnosis by imaging and will test the effects of DMT versus placebo on both the progress of the infarct and also on patients' recovery following the stroke.
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NXTTF | Hot Stocks07:17 EST Lifeist's Mikra to begin production on nutritional bars in late spring 2023 - Lifeist Wellness announced that its U.S. biosciences subsidiary Mikra Cellular Sciences will expand into the health food and snacks product category. With the research & development phase complete, Mikra expects to begin production of nutritional bars in late spring 2023 with products available for purchase by consumers in the second half of the year. The first foray for Mikra into health food and snacks will be a certified gluten-free, vegan, functional nutrition bar targeting intermittent fasters in need of a low glycemic index meal to break their fast and health-conscious individuals looking for a clean, substantial snack to maintain energy between meals. Mikra's debut in this mainstream vertical steps outside of the nutraceuticals category it is currently known for, expanding visibility and consumer targeting to reach a broader audience and grow its customer base in a variety of directions, maximizing potential for long term growth and overall brand resonance.
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CIXX | Hot Stocks07:16 EST CI Financial reports December AUM $375.8B - CI Financial reported preliminary total assets of $375.8 billion as at December 31, 2022, consisting of asset management assets of $117.8 billion, Canadian wealth management assets of $77.5 billion, and U.S. wealth management assets of $180.6 billion. CI also reported preliminary net sales results for its asset management businesses for the fourth quarter of 2022. CI's Canadian retail business had net sales of $1.6 billion during the quarter, and CI's overall net sales were $1.9 billion. In wealth management, CI's U.S. business generated net sales of $6.6 billion for the full year 2022, while Canadian wealth management had net sales of $3.8 billion.
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EYPT | Hot Stocks07:15 EST EyePoint reports inducement 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 4,000 shares of EyePoint Pharmaceuticals common stock to two new employees. The stock options were granted on January 13, 2023. 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). The option awards have an exercise price of $5.04 per share, the closing price of EyePoint Pharmaceuticals' common stock on January 13, 2023. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
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BOOM | Hot Stocks07:14 EST DMC Global CEO Kevin Longe steps down immediately Michael Kuta succeeds - DMC Global announced Kevin Longe has stepped down as president and chief executive officer, effective immediately. DMC's board of directors has named chief financial officer Michael Kuta and the Company's chairman, David Aldous, as interim co-CEOs. Kuta has agreed to postpone his previously announced retirement and will remain on DMC's leadership team to ensure a smooth transition. He will also retain the title of CFO until his successor is named. Director Richard Graff, a member of DMC's Board of Directors, was appointed interim chairman of the board while Aldous serves as Co-CEO. The DMC board will work with a leading executive search firm to identify and evaluate internal and external candidates for a new CEO to lead DMC in the next stage of its development. "On behalf of the Board, I want to thank Kevin for his stewardship of DMC, and his service to our employees, customers and stakeholders," Aldous said. "As we enter the next phase of DMC's evolution, we are dedicated to improving returns for the Company's stakeholders. We will continue to ensure each of our businesses has the leadership, strategy, and resources that will enable their long-term growth. With our businesses positioned for success, we are now at an important inflection point in our development as a company."
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VRSK | Hot Stocks07:14 EST Munich Re selects Verisk Maplecroft to enhance human rights due diligence - Munich Re has selected Verisk's global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise. Using Verisk Maplecroft's world leading Human Rights Risk Indices, which identify exposure to 31 civil, political and labour rights risks at national and subnational levels in 198 countries, Munich Re will upscale its ability to undertake global operational risk assessments, alongside factoring the data into its underwriting and investment decisions.
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APLIF | Hot Stocks07:14 EST Appili appoints Gelhaus, Baran as Directors to support ATi-1701 program - Appili Therapeutics has named Carl Gelhaus, Ph.D., as Director of Non-Clinical Research, and Arthur Baran, B.Sc., MBA, PMP, as Director of New Product Development including ATI-1701, a potential first-in-class vaccine candidate for the prevention of infection with aerosolized Francisella tularensis, which is classified by the U.S. National Institutes of Health as a Category A pathogen and top-priority biothreat. Dr. Gelhaus brings over 20 years of infectious disease and animal model research experience to the role, with an emphasis on tularemia research. Arthur Baran brings to Appili more than 22 years of experience in global product manufacturing operations, drug product development team leadership, program management, business development, manufacturing site leadership and quality assurance.
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HL | Hot Stocks07:13 EST Hecla reports union ratification of six-year agreement at Lucky Friday Mine - Hecla Mining Company announced that the United Steelworkers, USW, Union Local 5114 has ratified the Collective Bargaining Agreement at the Company's Lucky Friday Mine, located in Mullan, Idaho. The USW Local 5114 and the Company have agreed to a 6-year contract. The work rules were largely unchanged from the prior agreement. Wages are increased to reflect recent inflationary pressures and to maintain Lucky Friday's competitiveness in a tight labor market. "With the ratification of this 6-year agreement, Lucky Friday is positioned for continued successful growth well into the future", said Phillips Baker, Jr., President & CEO. "The agreement shows the strong working relationship with the USW Local 5114 and gives both the work force and Hecla stability. With 2022's 24% increase in silver production over 2021 and the expected further growth in the coming years, we believe this decade will be the best in the mine's 80-year history."
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AVTX | Hot Stocks07:12 EST Avalo Therapeutics completes target enrollment in Phase 2 PEAK trial - Avalo Therapeutics completed enrollment of the 80 patients targeted for the Phase 2 PEAK Trial evaluating AVTX-002 in patients with Non-Eosinophilic Asthma. Avalo will allow additional patients currently in the run-in period to complete enrollment. Topline data from the clinical trial are expected to be released in the second quarter of 2023. The Phase 2 PEAK Trial is a randomized, double-blind, placebo-controlled, parallel group trial designed to evaluate the safety and efficacy of AVTX-002 for the treatment of poorly controlled NEA. Following 12 weeks of treatment, the efficacy and safety of AVTX-002 will be evaluated compared with placebo. The primary endpoint is the proportion of patients who experience any of the following asthma-related events: greater than or equal to6 additional reliever puffs of a short-acting beta-agonist in a 24-hour period on 2 consecutive days, or increase in inhaled corticosteroid dose greater than or equal to4 times than the dose at baseline, or a decrease in peak flow of 30% or more on 2 consecutive days of treatment, or an asthma exacerbation requiring the use of systemic corticosteroids for at least 3 days, or a hospitalization or emergency room visit because of an asthma exacerbation.
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DCFC BP | Hot Stocks07:11 EST Tritium says BP has placed largest order in company history - Tritium DCFC announced that bp has placed the largest ever order from a single customer in Tritium's history. bp will install the chargers for fleets and the general public in the United States, the United Kingdom, Europe, and Australia as bp expands its EV charging business, bp pulse. Tritium is supplying the chargers for bp pulse as part of a multi-year contract between the two companies, announced in April 2022, for chargers and related services to support bp's growth in electrification. bp's order includes a mix of Tritium's 50kW RTM and 150kW PKM chargers. Tritium's RTM is the company's first modular charger and one of the most advanced DC fast chargers on the market. Ideal for network operators, dealerships, and the retail and hospitality industries, the RTM uses a single person lift power module system for easier power upgrades, maintenance, and serviceability.
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CLF | Hot Stocks07:11 EST Cleveland-Cliffs announces price increase for hot, cold rolled, coated steel - Cleveland-Cliffs announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. To begin 2023, Cliffs has seen increases in both pricing and volume for its automotive steel business, reducing material available to be sold on a spot basis. This latest price increase is in response to this dynamic. Cliffs' minimum base price for hot rolled steel is now $800 per net ton.
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MASS | Hot Stocks07:10 EST 908 Devices unveils new glucose, lactate on-line device - 908 Devices announced the launch of MAVEN, a device for on-line monitoring and control of glucose and lactate in cell culture and fermentation processes. MAVEN empowers biopharma companies to make timely decisions based on highly sensitive, real-time measurements. Taking measurements as frequently as every two minutes, MAVEN operates without having to manually draw samples out of the bioreactor due to its novel aseptic sampling approach. "As more advanced therapies enter the pipeline there is an increasing need for simple, automated on-line devices like MAVEN for measuring and monitoring process and product attributes," said Dr. Kevin Knopp, CEO and co-founder, 908 Devices. "MAVEN's incorporated aseptic sampling probe serves as an interface for future on-line analyzers as we broaden our bioanalytics platform and develop an ecosystem of connected, on-line tools."
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SVRE | Hot Stocks07:10 EST SaverOne 2014 collaborating with Israeli auto importer for safe driving system - SaverOne 2014 announced a new collaboration with Colmobil, one of the largest car and truck importers in Israel and official importer for Mercedes-Benz, Mitsubshi & Hyundai vehicles into the country. Under the collaboration agreement, Colmobil will work together with SaverOne to sell and install the SaverOne System into vehicles that it leases to its customers, to prevent driver distraction from mobile phone use.
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DPRO DLAKY | Hot Stocks07:09 EST Draganfly selected by Lufthansa Industry Solutions for drone, VI technology - Draganfly (DPRO) announced that Lufthansa Industry Solutions (DLAKY) has entered into a letter of intent with Draganfly to explore providing its drone solutions and Vital Intelligence technology for use into its existing infrastructure and customer solutions. Draganfly's technology will assist in Lufthansa Industry Solutions' objective of providing the maritime industry with the highest information technology and performance monitoring standard. Draganfly's drone solutions will be integrated for deployment during marine search and rescue operations and for reconnaissance purposes, adding another layer of safety and security for crew members and passengers.
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KKR | Hot Stocks07:09 EST KKR appoints Lawler as Executive Advisor - KKR announced the appointment of Tim Lawler as an Executive Advisor. Lawler will work alongside the KKR Americas Health Care team to help develop a differentiated approach to executive talent management for existing portfolio companies and prospective investment opportunities. Lawler will focus on cultivating long-term relationships with accomplished CEOs and other executives and will help build various capabilities within KKR to help the firm be an exceptional partner to executives. Most recently, Lawler was a Partner at Waud Capital Partners.
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WELL | Hot Stocks07:08 EST Welltower announces executive and senior leadership promotions - Welltower announced executive and senior leadership team promotions. Nikhil Chaudhri was appointed Executive VP - Chief Investment Officer and a member of Welltower's Investment Committee after previously serving as Senior VP and Co-Head of US Investments. Chaudhri joined Welltower eight years ago as an associate. Ayesha Menon was appointed Executive VP - Wellness Housing and Development, after driving the company's wellness housing growth initiatives for the past four years as Senior Vice President- Wellness Housing and Development and a member of Welltower's Investment Committee. Swagat Banerjee was promoted to Chief Data Officer after previously serving as Senior VP - Data & Insights. Banerjee has led the growth of Welltower's data analytics platform over the past seven years. Russ Simon was promoted to Senior VP, Co-Head of US Investments and named to Welltower's Investment Committee. Simon joined Welltower 12 years ago as an investment analyst and now leads the company's investments in the medical office and seniors housing sectors. The company promoted Andrew Cohen to Co-Head of US Investments. Cohen joined Welltower five years ago as an associate and now leads investments in the wellness housing and seniors housing sectors. Sharon Makowsky was promoted to Deputy General Counsel of Welltower and named a member of the senior leadership team.
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ALKS | Hot Stocks07:07 EST Alkermes: Nemvaleukin alfa granted an Innovation Passport by MHRA - Alkermes announced that nemvaleukin alfa, the company's investigational, novel engineered interleukin-2 variant immunotherapy, has been granted an Innovation Passport for the treatment of mucosal melanoma under the Innovative Licensing and Access Pathway by the Medicines and Healthcare products Regulatory Agency, the regulatory body of the United Kingdom. The Innovation Passport designation is the entry point to the ILAP, which aims to accelerate time to market and facilitate patient access to medicines in the UK for life-threatening or seriously debilitating conditions, or conditions for which there is a significant patient or public health need. Benefits of ILAP include access to a range of development tools, such as the potential for a 150-day accelerated Marketing Authorization Application assessment, rolling review and a continuous benefit-risk assessment.
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ALTR | Hot Stocks07:05 EST Altair Engineering: Soltec to adopt Altair technology in R&D division - Altair announced that Soltec, a global solar equipment manufacturer based in Murcia, Spain, will be utilizing Altair technology within its research and development division. This represents a significant win in the solar energy sector for Altair.
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XPO | Hot Stocks07:05 EST XPO Logistics appoints Ali Faghri as CSO - XPO announced the appointment of Ali Faghri as chief strategy officer, effective immediately. Faghri is responsible for XPO's strategy and analysis of growth opportunities, and oversees the company's engagement with the investment community. He reports to Mario Harik, XPO's CEO. He most recently was a managing director with Guggenheim Partners, LLC, where he led the automotive team for five years.
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CBRE | Hot Stocks07:04 EST CBRE Group and Forum Mobility form $400M JV for port transit electrification - CBRE Group and Forum Mobility, a zero-emission trucking solutions provider, announced the closure of a $15M Series A funding round, and a new $400M joint venture, both led by a fund sponsored by CBRE Investment Management, to provide comprehensive, zero-emission charging and vehicle solutions to drayage truck fleets and drivers. Homecoming Capital also participated in the Series A funding round and provided $100M to the joint venture. Currently proposed regulations from the California Air Resources Board would require all of California's drayage fleet - approximately 30,000 trucks - to be zero-emission by 2035. Forum Mobility's existing seed investors all participated in the Series A, including Obvious Ventures, Edison International, Overture, and Homecoming Capital. New Series A investors include CBRE Investment Management, Elemental Excelerator and Amazon's Climate Pledge Fund.
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WMS | Hot Stocks07:04 EST Advanced Drainage announces retirement of Moore, EVP - Advanced Drainage Systems announced that Roy Moore, Executive Vice President, EVP, intends to retire effective May 31, 2023. As part of the Company's succession plan, Craig Taylor, will succeed Moore in his current role. Craig Taylor currently serves as the Vice President of Finance at the Company's wholly owned subsidiary, Infiltrator Water Technologies.
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SSRM MOS | Hot Stocks07:03 EST SSR Mining appoints Swager to board of directors - SSR Mining (SSRM) announces the appointment of Karen Swager to its Board of Directors. Swager brings over 28 years of experience in the mining industry to the Board. Currently, Swager serves as Senior Vice President, Supply Chain for the Mosaic Company (MOS).
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AACAY | Hot Stocks07:03 EST AAC Technologies, Soundskrit partner for MEMS directional microphones - Soundskrit and AAC Technologies Holdings announce a partnership to make directional MEMS microphone technologies widely available to end user customers across consumer electronics and automotive markets.
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EMR NATI | Hot Stocks07:02 EST Emerson Electric 'disappointed' National Instruments chose to announce review - The company said, "Emerson is disappointed that NI chose to announce a strategic review and put in place a poison pill on January 13, 2023, rather than engaging privately and constructively. NI did not respond to Emerson's latest letter sent on January 11 before its public announcement. NI's strategic review announcement comes more than two months after the NI Board purportedly formed a working group to evaluate options with its advisors - with no results. NI shareholders should understand that for eight months they have been deprived of the opportunity to realize certain cash value at a significant premium. Emerson urges NI shareholders to engage with their Board to ensure this public strategic review process is not merely another delay tactic. Emerson has organized the resources to work expeditiously toward a transaction with NI, has shared a merger agreement with NI, and is prepared to transact promptly. Emerson has performed due diligence with publicly available information and would have only limited and specific confirmatory due diligence requirements. Additionally, Emerson does not anticipate any significant regulatory risks or delays given the complementary nature of the two businesses. Finally, the Emerson proposal is not subject to any financing conditions. Emerson feels compelled to disclose the contents of all its correspondence with NI, beginning in May 2022, to make public its consistent and sustained track record of attempted engagement with NI, without any meaningful or constructive response."
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CYXT | Hot Stocks07:01 EST Cyxtera, Zenlayer partner to provide interconnectivity to global markets - Zenlayer announced a partnership to bring cloud connectivity to global emerging markets. With the partnership, Zenlayer joins Cyxtera's robust ecosystem partner program across Cyxtera's global data center platform. Customers can now connect from Cyxtera's 60+ data centers to multiple sites and cloud service providers in Asia Pacific, Southeast Asia, Europe, Middle East, and Africa through Zenlayer's private backbone. "Today's global enterprises have complex workloads that mandate high-speed, reliable network performance and instant scalability," said David Keasey, Cyxtera's Chief Revenue Officer. "By adding Zenlayer to our rich partner ecosystem, we provide joint connectivity and bare metal offerings that help our customers scale quickly to optimize their digital experiences around the world."
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EMR NATI | Hot Stocks07:00 EST Emerson says National Instruments resisted 'engaging meaningfully' on offer - The company said, "Emerson's first outreach to NI regarding a potential all-cash acquisition was on May 16, 2022, and Emerson's initial $48 per share proposal was formalized in a letter on May 25, 2022. For eight months, NI delayed and refused to engage meaningfully with Emerson. In addition, after receiving the initial May 25, 2022 proposal from Emerson, NI not only refused to engage with Emerson - it repurchased more than 2 million shares at an average weighted price of $40.25, the largest quarterly repurchase in its history on a dollar basis, depriving its shareholders of the opportunity to realize immediate cash value through the transaction price, which is significantly above the repurchase price. In a November 3, 2022 letter, Emerson outlined the terms of an improved all-cash proposal of $53 per share and highlighted its numerous attempts to engage with NI to that date. On November 15, 2022, NI responded to Emerson, indicating that it had created a working group of its Board to examine Emerson's proposal in greater detail, as well as evaluate options with the assistance of advisors. In the more than two months since, NI continued to resist engaging meaningfully with Emerson to work toward an agreement. Eight months after Emerson's approach, NI agreed to a January 4, 2023 meeting with representatives from Emerson, which was followed by one additional conference call. During these discussions, NI shared very limited, high-level information about its business and continued to demonstrate its unwillingness to provide more detailed information, including refusing to respond to key diligence questions provided ahead of the meeting. NI then informed Emerson that this would be the extent of its engagement. In a letter dated January 11, 2023, Emerson reiterated its $53 per share proposal to acquire NI."
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EMR NATI | Hot Stocks06:58 EST Emerson submits proposal to acquire National Instruments for $53 per share - Emerson (EMR) announced that it submitted a proposal to the Board of Directors of National Instruments (NATI) to acquire NI for $53 per share in cash at an implied enterprise value of $7.6 billion. The proposal, which is not subject to any financing conditions, was submitted to NI on November 3, 2022, and represents an improvement over an initial $48 per share proposal submitted on May 25, 2022. Emerson has made numerous attempts to engage constructively with NI in private since May 16, 2022. The company said, "The proposal represents: Immediate and certain cash value for all NI shareholders; A 32% premium to NI's closing share price as of January 12, 2023, the day prior to NI's public announcement of a strategic review on January 13, 2023; A 45% premium to NI's closing share price as of November 3, 2022, the day Emerson submitted its latest proposal to acquire NI; A 38% premium to the volume weighted average price for the last 30 trading days ending January 12, 2023; and A 23% premium to NI's 52-week high intra-day share price of $43.12, as of January 12, 2023...The proposed transaction continues Emerson's transformation into a global automation company. Benefits of the transaction include: Aligned with Emerson's Portfolio Transformation Into a Cohesive, Higher Growth, and More Profitable Company: Emerson is actively transforming its portfolio to create a higher value, cohesive industrial technology portfolio serving a diversified set of end markets. With NI, Emerson would gain a strong, complementary portfolio of differentiated electronic test and measurement offerings, and a technology stack of industry-leading intelligent devices, controls and software that complements Emerson's technology stack in its core automation markets. As outlined at Emerson's November 29, 2022 Investor Conference, test and measurement is one of Emerson's four priority segments. Further Diversification of End Markets: With favorable long-term trends and an estimated priority target TAM of $35 billion, test and measurement is a fast-growing and complementary adjacency to Emerson's portfolio. This acquisition would enable Emerson to further expand and diversify its customer base within highly attractive end markets with strong secular trends including semiconductor, automotive and electric vehicles, and aerospace and defense. Significant Financial Benefits: The transaction is expected to be accretive to Emerson's adjusted EPS in the first year, meets Emerson's communicated returns threshold and will improve Emerson's overall growth. NI has an attractive financial profile, with approximately 70% gross margins. NI's business has strong positions in attractive and growing markets, creating sustainable top line growth potential. Emerson sees significant potential for profit and cash flow improvement across the NI business by applying proven operational excellence and productivity levers through Emerson's Management System. Emerson's Strong Commitment to the Transaction: Emerson believes its premium proposal will bring clear and realizable value to NI shareholders, who have faced years of share price underperformance across nearly any period. Underscoring its commitment to consummating a transaction, Emerson has purchased 2.3 million shares of NI stock and has received approval under HSR1 to increase its stake. Emerson believes that there is a path to a friendly transaction and urges NI shareholders to make their views known to NI's management and Board. Furthermore, Emerson is prepared to nominate directors for election to NI's Board."
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EMR NATI | Hot Stocks06:56 EST Emerson submits proposal to acquire National Instruments for $53 per share
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RMED | Hot Stocks06:52 EST Ra Medical Systems realigns Board of Directors - Ra Medical Systems announced a realignment of its board of directors in conjunction with the merger with Catheter Precision. David Jenkins has joined the board as Executive Chairman and James Caruso has been named director. Martin Colombatto, Will McGuire and Susann Meline will continue to serve as directors. Joan Stafslien and Richard Mejia, Jr. have resigned as directors, with board membership remaining at five. Meline has been named Lead Independent Director and Chair of the Governance/Nomination Committee; she will also serve on the Audit Committee. Colombatto will continue as Chair of the Compensation Committee and will remain on the Governance/Nomination Committee. Caruso has been named Chair of the Audit Committee and will serve on the Compensation Committee. Caruso has been performing consulting services through Adesha Medical since 2016.
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VTS JEF | Hot Stocks06:51 EST Jefferies Financial completes spin-off of Vitesse - Jefferies Financial (JEF) and Vitesse (VTS) announced the completion of the distribution by Jefferies of all the outstanding shares of common stock of Vitesse held by Jefferies. As a result of the distribution, Vitesse became an independent, publicly traded company. Prior to the distribution, Vitesse acquired all of the issued and outstanding equity interests of Vitesse Energy and Vitesse Oil. Common shares of Jefferies and Vitesse Common Stock will each begin trading "regular way" January 17 on the NYSE under the symbols "JEF" and "VTS," respectively. In connection with the Distribution, on January 13, 2023, Jefferies shareholders received one share of Vitesse Common Stock for every 8.49668 Jefferies Common Shares held at the close of business on December 27, 2022. Fractional shares will be aggregated and sold into the public market and the proceeds distributed pro rata to Jefferies shareholders who otherwise would have received such fractional shares. Approximately 26.6 million shares of Vitesse Common Stock were distributed to Jefferies shareholders, which equals approximately 94.37% of the total issued and outstanding shares of Vitesse Common Stock.
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ASM | Hot Stocks06:48 EST Avino reports 2022 production of 2,655,502 silver equivalent ounces - Avino Silver & Gold Mines reports full year 2022 production results of 2,655,502 silver equivalent ounces. Fourth quarter production totaled 770,127 silver equivalent ounces which outperformed expectations. Production Highlights - Q4 2022: Silver equivalent production increased 42% to 770,127 oz; Silver production increased by 89% to 309,856 oz; Copper production increased by 37% to 1.5 million lbs; Gold production increased by 12% to 2,426 oz; Mill throughput increased by 45% to 150,292 tonnes. "The Avino Mine continued to outperform in the final quarter of 2022, building on our record third quarter production results," said David Wolfin, President and CEO of Avino. "We had an internal production estimate between 2.2 and 2.4 million silver equivalent ounces, and we beat the high end of that by over 250,000 silver equivalent ounces. This steady production reflects the quality of the Avino Mine asset as well as the mine site team's ability to continually improve operations. We continue optimizing underground mining processes, growing and training a local workforce, and practicing sound financial responsibility at the mine site and at the corporate level. The dry-stack tailings facility has been completed along with the start-up testing and we are pleased to report that it is now fully operational. We have a 5-year goal to achieve intermediate producer status and the strategy in place to accomplish strong production growth over the next 5 years. We look forward to continuing improvement on our operational successes in 2023."
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PFE | Hot Stocks06:47 EST Pfizer expands commitment to 'An Accord for a Healthier World' - Pfizer announced that it has significantly expanded its commitment to An Accord for a Healthier World to offer the full portfolio of medicines and vaccines for which it has global rights on a not-for-profit basis to enable greater health for 1.2B people living in 45 lower-income countries. Launched in May 2022, the Accord, a transformative initiative focused on greatly reducing health inequities that exist between many lower-income countries and the rest of the world, initially included a commitment from Pfizer for access to all its patented medicines and vaccines available in the U.S. or European Union on a not-for-profit basis to 45 lower-income countries. However, to better align with disease burden and unmet patient needs in these countries, Pfizer will now expand its offering under the Accord to include off-patent products, bringing the total offering from 23 products to around 500 products. The Accord portfolio offering now includes both patented and off-patent medicines and vaccines that treat or prevent many of the greatest infectious and non-communicable disease threats faced today in lower-income countries. This includes chemotherapies and oral cancer treatments that have the potential to treat nearly one million new cancer cases in Accord countries each year. It also includes a wide range of antibiotics, that can help to address the rising morbidity, mortality and costs associated with antimicrobial resistance and help to prevent around 1.5M deaths that occur each year in these countries as a result of bacterial infections in hospitals and community health clinics. As Pfizer launches new medicines and vaccines, those products will also be included in the Accord portfolio on a not-for-profit basis.
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GPI | Hot Stocks06:35 EST Group 1 Automotive names Gillian Hobso as CLO, Kimberly Barta as CMO - Group 1 Automotive announced the appointments of Gillian Hobson as Senior Vice President, Chief Legal Officer and Corporate Secretary and Kimberly Barta as Vice President and Chief Marketing Officer. Hobson joins Group 1 from Vinson & Elkins in Houston where she has served as a member of the firm's management committee and as Group 1's primary relationship attorney. Hobson succeeds Darryl Burman, who is retiring as Senior Vice President and General Counsel of Group 1. As the first CMO at Group 1, Barta is responsible for leading the strategy, development, and execution of Group 1's marketing, communications, and advertising initiatives. She will play a vital role in developing customer research, leveraging big data and creating relevant marketing messaging. She will also lead Group 1's efforts in increasing awareness and adoption of AcceleRide, Group 1's customer experience platform. Prior to joining Group 1, Barta served in marketing leadership roles for brands including Nike's innovation lab, SOREL, and Dr. Martens.
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CLXT | Hot Stocks06:33 EST Calyxt, Cibus enter definitive all-stock merger agreement - Calyxt and Cibus announced that both companies have entered into a definitive merger agreement under which Calyxt and Cibus will merge in an all-stock transaction. The companies said, "The merger will create a new industry-leading company that combines the two pioneers in agriculture-based gene editing and establishes one of the world's most sophisticated facilities for trait development and next-generation plant breeding. The combined company will be a leader in two key applications for gene editing in agriculture: Productivity Traits: Productivity traits are a key basis of competition in the "seed and trait" business. The key focus of Cibus' patented gene editing platform, the Rapid Trait Development System, is the development of a new class of productivity traits in seeds addressing the sustainability of farming by increasing crop yields and reducing inputs such as fungicides, herbicides, pesticides, and fertilizers. Renewable Low-Carbon Ingredients: Gene editing is a key tool in the development of sustainable low-carbon ingredients that can replace fossil fuel-based ingredients and diesel fuel. This is a key pillar of the Net Carbon Zero Climate 2040 goals and the global movement to reduce greenhouse gas emissions." Cibus has a broad pipeline of productivity traits and collaborations with several leading seed companies. It is currently launching three important productivity traits: one in canola and two in rice with transfers to customers for commercialization beginning in the first half of 2023. In addition, Cibus and Calyxt are both working with leading consumer product companies to develop more sustainable ingredients. Under the terms of the merger agreement, Calyxt will issue shares of its common stock to Cibus shareholders in an exchange ratio such that upon completion of the merger, Calyxt shareholders will own approximately 5% of the combined company, subject to adjustments permitted by the merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. Concurrent with the execution of the merger agreement, certain officers of Calyxt, all of Calyxt's directors, and Cellectis, S.A., Calyxt's largest shareholder, executed support agreements in favor of the merger. These support agreements provide 49.9% approval from Calyxt shareholders. A majority of Cibus' shareholders have also provided support agreements in favor of the transaction. The merger is expected to close in the second quarter of 2023, subject to customary closing conditions, including approval of the merger by the shareholders of Calyxt. Upon closing of the transaction, the combined company, renamed Cibus Inc., will trade on the Nasdaq Capital Market. The current Cibus management team will lead the new combined organization with Rory Riggs assuming the roles of Chairman of the Board of Directors and CEO. Corporate headquarters for the combined company will be located in San Diego, California and Calyxt's offices, laboratory, and breeding facilities in Roseville, Minnesota will remain operational as a key site for the combined company.
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AULT | Hot Stocks06:32 EST Ault Inc. subsidiary receives 20,645 bitcoin miners - Ault Alliance's wholly owned subsidiary, BitNile, has received 20,645 Antminers, fulfilling the first five of seven contracts with Bitmain Technologies including 4,628 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second and 16,017 S19j Pro Antminers that feature a processing power of 100 TH/s. The 20,645 Antminers in possession, once installed and energized, will generate a combined processing power of approximately 2.25 exahashes per second and generate an expected annualized revenue run rate of approximately $60M, based on current market conditions, including a mining difficulty of 37.59 trillion. Beyond the first five contracts with Bitmain, it has two more purchase agreements for an additional 1,325 S19j Pro Antminers estimated to be delivered over 1Q23 and 1,140 S19 XP Hydro Antminers anticipated to be delivered during the summer of 2023. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.67 EH/s, which will generate an expected annualized revenue run rate of approximately $72M, based on current market conditions.
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FSM | Hot Stocks06:25 EST Fortuna Silver Mines sees 2023 gold eq. production up 3%-15% year-over-year - Fortuna Silver Mines provided 2023 consolidated production guidance highlights. The company projects gold production of 282-320 thousand ounces; a projected increase of 9%-23% over 2022; silver production of 6.3-6.9 million ounces, a projected decrease of up to 9% over 2022; gold equivalent production of 412-463 thousand ounces, a projected increase of between 3%-15% over 2022.
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FSM | Hot Stocks06:22 EST Fortuna Silver Mines reports 2022 production of 401,878 gold equivalent ounces - Fortuna Silver Mines reported production results from its four operating mines in the Americas and West Africa for the full year 2022 of 259,427 ounces of gold and 6,907,275 ounces of silver or 401,878 gold equivalent ounces. 2022 gold production was 259,427 ounces, a 25% increase over 2021; silver production of 6,907,275 ounces, an 8% decrease over 2021; lead production of 34,588,324 pounds, a 5% increase over 2021; and zinc production of 46,175,821 pounds, a 3% decrease over 2021.
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BTCM... | Hot Stocks06:20 EST BIT Mining launches LiteCoin/Dogecoin miner LD3 - BIT Mining announced the launch of their Litecoin / Dogecoin mining machine, model LD3, which was specifically designed for mining on the DOGE and LTC blockchains. The company said, "The power efficiency of 0.73 W/MH and 4800 MH/s delivery make the LD3 machine more profitable than its predecessors in terms of efficient energy consumption. As a result, it is one of a few cutting-edge products available that deliver a highly cost-effective performance while offering the shortest payback period for LTC/DOGE mining. The machines are designed for reliability, with the LD3s leaving more than a 10% performance margin for computing power chips rather than driving the machine to work under extreme conditions. This practice not only effectively prolongs the need to service the machine but also enables LD3s to work more consistently, resulting in reduced maintenance costs. Furthermore, the design of LD3 provides more security guarantees for LTC/Doge miners. LD3 machine implements software-level security mechanisms with the latest common vulnerabilities & exposure patches. In addition, hardware-level protections for security are also implemented." Currently, over 5,000 of the new LD3 miners have been produced for both Bit Mining's internal use and sale to the public.
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IQ | Hot Stocks06:18 EST iQIYI announces proposed offering of ADSs - iQIYI announced an underwritten public offering of 76,500,000 American Depositary Shares, each representing seven Class A ordinary shares, par value $0.00001 per share, of the Company. The Company intends to grant the underwriters a 30-day option to purchase up to an aggregate of 11,475,000 additional ADSs. The Company plans to use the net proceeds from the Offering for working capital purposes, including serving its existing debt obligations. BofA Securities, Inc., Goldman Sachs and J.P. Morgan Securities LLC act as the joint bookrunners for the Offering.
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AVA NWE | Hot Stocks06:17 EST Avista turning over Montana power plant interests to NorthWestern Energy in 2025 - Avista (AVA) and NorthWestern Energy (NWE) entered an agreement through which Avista will turn over its interest in the Colstrip coal-fired power plant to NorthWestern on December 31, 2025. Through the transaction, NorthWestern will assume ownership of the 222 MW generating capacity that is currently owned by Avista, along with its related interest in the plant, plant equipment, rights and obligations. Avista's integrated resource plan has indicated that Colstrip will no longer be economic for its customers in Washington and Idaho after 2025. Under the agreement, Avista retains its existing remediation obligations and enters into a vote sharing agreement with NorthWestern to retain voting rights in regard to any decision that might be made with respect to remediation activities. In addition, while NorthWestern will have the right to exercise Avista's vote with respect to capital expenditures between now and 2025, Avista's contribution to those expenditures is limited to its pro rata share between the date of the expenditure and 2025, ensuring that the costs directly benefit Avista customers and don't extend the life of the plant. The Agreement also preserves Avista's rights in the Colstrip transmission system, giving Avista the ability to leverage capacity on that system for future renewables projects in furtherance of its clean energy goals. Each of the owners will have a 90 day period in which to evaluate the transaction and determine whether to exercise their respective right of first refusal as to a portion of the generation being turned over to NorthWestern.
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SNY | Hot Stocks06:16 EST Sanofi selects THREAD as global decentralized clinical trials provider - THREAD announced its five-year collaboration with Sanofi. THREAD will serve as the sole provider of unified decentralized clinical trials and electronic clinical outcome assessments technology for Sanofi's Integrated Patient Platform, part of its global Act4Patients program.
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LMT | Hot Stocks06:13 EST Filecoin Foundation to deploy IPFS in space via Lockheed Martin spacecraft - Filecoin Foundation announced a first-of-its-kind mission to deploy the Interplanetary File System in space. The mission will take place in 2023 aboard Lockheed Martin's LM 400 Technology Demonstrator spacecraft. Previously, in May 2022 in Davos, FF announced an initial effort with Lockheed Martin to deploy IPFS in space to improve the speed of data transfer across long distances. This mission is the next step in that project, bringing the benefits of decentralized storage to space and exploring use cases for how IPFS can enable better interplanetary communication and data transfer.
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CGAU | Hot Stocks06:11 EST Centerra Gold sees 2023 gold production 160K-170K oz. - Sees 2023 copper production 60-70 million pounds. Sees 2023 gold production costs per ounce $900-$950. Sees 2023 all-in sustaining costs on a by-product basis per ounce - $1,075 to $1,125.
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PCT | Hot Stocks06:11 EST PureCycle Technologies to build PP recycling facility in Port of Antwerp-Bruges - PureCycle Technologies and the Port of Antwerp-Bruges announced that PureCycle intends to build its first polypropylene recycling facility in Europe in the port's NextGen District located in Belgium. The new plant is expected to have an annual capacity of 59,000 metric tons, with opportunities to expand operations in the future since the 14-hectare plot can support up to four processing lines with an anticipated total capacity of approximately 240,000 metric tons per year. PureCycle is currently engaged in feedstock sourcing and financial planning with the intent to secure a final project timeline by mid-2023. Construction of the plant is expected to begin upon completion of the permitting process, which is currently anticipated in 2024. PureCycle is already in active negotiations with potential feedstock and offtake partners and expects to commence commercial operations at its new European facility when construction of the first processing line is completed. The new polypropylene purification plant will not only supply the European market with PureCycle's UPR resin but is also expected to create 65-70 new jobs for local residents during the initial phase of the project. This project represents one of the largest investments announced in the NextGen District to date. Various funding options are currently being considered, including traditional financing sources as well as grants/subsidies for circular projects that are uniquely available in the EU.
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FIVN | Hot Stocks06:10 EST Five9 opens new European R&D hub in Porto, Portugal - Five9 announced the opening of its new European Research and Development Hub in Porto, Portugal. The office will serve as the company's European engineering headquarters, with work spanning artificial intelligence, software engineering, and cloud operations. The site currently hosts more than 100 new and existing employees and is planned to expand to 300 employees within the next few years. The new location provides additional scale to the company's growing international footprint, as Five9 continues expanding its capabilities to deliver the latest cloud contact center and customer experience innovations to both European customers and multinational companies with a presence in both the U.S. and EMEA.
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CGAU | Hot Stocks06:10 EST Centerra Gold reports Q4 production 53,222 oz. - Reports Q4 copper production 16.9 million pounds. Q4 gold production was solely from the Mount Milligan Mine. 2022 gold production was 246.468 oz. including 189,177 ounces of gold produced by the Mount Milligan Mine and 54,691 ounces produced by the Oksut Mine. Additionally, approximately 100,000 recoverable ounces was processed into gold-in-carbon form in 2022 and remains stored at the Oksut Mine. Copper production was 16.9 million pounds in Q4 and 73.9 million pounds for the full year 2022.
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MAC | Hot Stocks06:09 EST Macerich announces Santa Monica Place as site for ARTE MUSEUM - Macerich announced that the first U.S. flagship location for global art and technology project ARTE MUSEUM is coming to Santa Monica Place. The 48,000-square-foot immersive art destination will replace the former ArcLight Cinemas location on the open-air property's third level and is set to open in late 2023. ARTE MUSEUM is expected to draw one million visitors annually to Santa Monica Place, which is a year-round magnet for international and domestic visitors and affluent locals in this perennially strong Southern California beach city. ARTE MUSEUM, which will also open in Las Vegas in early 2023, is planned and produced by d'strict.
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DXCM | Hot Stocks06:09 EST DexCom says coverage for G6 rtCGM System on NIHB Program expanded - Dexcom is pleased to announce that coverage for Dexcom G6 rtCGM System on the Non-Insured Health Benefits Program has been expanded to include all clients living with type 1 diabetes. This announcement expands upon coverage already in place for clients aged 2 to 19 on intensive insulin therapy, giving even more First Nations and Inuit people access to this standard of care, potentially helping them to have more control over a life-long chronic illness.
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MBWM | Hot Stocks06:07 EST Mercantile Bank board raises cash dividend to 33c per share - Mercantile Bank announced that on January 12, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.33 per common share, payable on March 15, 2023, to holders of record as of March 3, 2023. The $0.33 cash dividend represents an increase of over 3 percent from the $0.32 regular cash dividend paid during the fourth quarter of 2022.
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CF | Hot Stocks06:07 EST CF Industries signs MOU to supply Japan's JERA with clean ammonia - CF Industries has signed a memorandum of understanding - MOU - with JERA, Japan's largest energy generator, regarding the supply of up to 500,000 metric tons per year of clean ammonia beginning in 2027. The clean ammonia, which will be required to be produced with at least 60% lower carbon emissions than conventionally produced ammonia, will be co-fired with coal at JERA's Hekinan Thermal Power Station in order to reduce carbon dioxide emissions from the facility. The MOU establishes a framework for the companies to assess how CF Industries would best supply JERA with clean ammonia under a long-term offtake agreement. Since 2020, CF Industries has advanced projects to decarbonize its ammonia production network and position the company to supply a substantial volume of clean ammonia within the next few years.
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ESLT | Hot Stocks06:06 EST Elbit Systems signs $95M contract with Israeli Ministry of Defense - Elbit Systems announced that it signed a contract in an amount of approximately $95M with the Israeli Ministry of Defense to supply and maintain advanced electro-optical systems for the Israeli Defense Forces infantry forces. The contract will be performed over a period of 10 years. As part of the contract, Elbit Systems will supply long-range deployable observation systems and tactical target acquisition systems. In addition, the contract includes maintenance services for the electro-optical systems produced by the company.
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STLA | Hot Stocks06:05 EST Stellantis, Vulcan sign binding term sheet to develop new geothermal projects - Stellantis and Vulcan Energy Resources have signed a binding term sheet for the first phase of a multiphase project to develop new geothermal projects aimed at decarbonizing the energy mix of Stellantis' Russelsheim industrial site in Germany, which is home to both the DS4 and Opel Astra. Based upon current assumptions, the project could provide a significant portion of the industrial site's annual energy needs starting in 2025. The first phase of the project, located at the northernmost extent of Vulcan's focus area in the Upper Rhine Valley, will include a pre-feasibility study for the construction of geothermal assets for Stellantis' facility, carried out by Vulcan. If successful, the next phase will focus on drilling and more advanced studies and development. Stellantis will aim to source funding for 50% of the project development, which is also supported by the local government. Stellantis and Vulcan will aim to produce clean electricity and supply it to the grid for both internal and external consumption, in accordance with Germany's Renewable Energy Act, while also producing heat to be transferred to Stellantis' manufacturing site.
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WATT | Hot Stocks06:02 EST Energous announces collaboration with LIXIL - Energous and LIXIL announced their collaboration to develop wirelessly powered maintenance-free smart sensors for home and office applications. The companies are working to combine Energous' WattUp wireless power transfer technology and LIXIL's suite of housing technology, including IoT home solutions, to deliver a joint solution that removes the need for battery maintenance via reliable and consistent power delivered wirelessly over-the-air.
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LYL MATH | Hot Stocks05:57 EST Dragon Victory changes name to Metalpha Technology Holding - Dragon Victory International (LYL) announces it has officially changed its name to Metalpha Technology Holding (MATH). The company has also successfully completed restructuring with Antalpha Technologies Limited. Upon completion of the reorganization, Metalpha Limited will become a wholly-owned subsidiary of the company. Established in 2021, Metalpha is a leading digital assets wealth management company headquartered in Hong Kong. The company works with clients to create tailor-made instruments that enable sophisticated investors to establish or liquidate investment positions or undertake hedging strategies.
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AJG | Hot Stocks05:53 EST Arthur J. Gallagher acquires First Ireland, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Dublin, Ireland-based First Ireland Risk Management Limited. Terms of the transaction were not disclosed. Founded in 1982, First Ireland is a retail insurance broker offering a variety of commercial and personal insurance products as well as life and pension solutions to clients throughout Ireland.
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WHR | Hot Stocks05:50 EST Whirlpool completes EMEA review, enters agreement with Arcelik - Whirlpool announced the completion of the strategic review of its Europe, Middle East and Africa business and entered into a definitive contribution agreement with Arcelik. which significantly accelerates Whirlpool's portfolio transformation. Under the terms of the agreement, Whirlpool will contribute its European major domestic appliance business, and Arcelik will contribute its major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool will own 25% and Arcelik 75%. Separately, Whirlpool agreed in principle to the sale of Whirlpool's Middle East and Africa business to Arcelik. Whirlpool will retain ownership of its EMEA KitchenAid small domestic appliance business. The new entity is expected to have combined sales of over EUR6B and will be well-positioned to deliver value to consumers through attractive brands, sustainable manufacturing, product innovation, and consumer services. The combined businesses are expected to generate cost synergies of over EUR200M. The transaction announced today is expected to deliver net present value of future cash flows of over $750M, primarily through predictable cash flows from multi-year licensing of the Whirlpool brand and the potential monetization of Whirlpool's minority interest. As previously announced, Whirlpool separately sold its Russia business to Arcelik in August of 2022 for up to $260M of deferred payments. The Russia business will not be part of the new combined company. Post closing, Whirlpool expects full-year cash provided by operations and free cash flow to increase by approximately $100M and $250M, respectively, in addition to future proceeds from a licensing agreement entered into in connection with the transaction and any dividends from the new entity. The transaction is expected to close in the second half of 2023 and is subject to additional requirements for closing, including obtaining regulatory approvals and other customary closing conditions. In connection with the transaction, the company recorded a non-cash loss on disposal of approximately $1.5B in the fourth-quarter of 2022. The loss includes a charge of approximately $1.1B for the write down of the net assets of the EMEA business to the fair value of the initial consideration to be received and approximately $400M of cumulative currency translation adjustments. The transaction is expected to negatively impact full-year 2022 earnings per share by approximately $26.00 to $28.00 on a GAAP basis with no expected material impact on an ongoing (non-GAAP) basis. Whirlpool's European business met the criteria for held-for-sale accounting during the fourth-quarter of 2022. Until the closing of the transaction, Whirlpool's European business will be included in the company's results. Additionally, Whirlpool will have no obligation to provide financing to the new company after the transaction closes.
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DEO | Hot Stocks05:42 EST Diageo to acquire Don Papa Rum for EUR260M plus further potential consideration - Diageo announced it has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. The upfront consideration is EUR 260 million with a further potential consideration of up to EUR 177.5 million through to 2028 subject to performance. Launched in 2012 by entrepreneur Stephen Carroll, together with Andrew John Garcia, Don Papa Rum is currently available in 30 countries, with France, Germany and Italy being its largest markets. John Kennedy, President, Diageo Europe and India, commented: "We are excited by the opportunity to bring Don Papa into the Diageo portfolio to complement our existing rums. This acquisition is in line with our strategy to acquire high growth brands with attractive margins that support premiumisation, and enables us to participate in the fast growing super-premium plus segment." Reference Link
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