Stockwinners Market Radar for May 31, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NVDA | Hot Stocks20:13 EDT Cathie Wood's ARK Investment sold 23.3M shares of Nvidia today
|
PATH | Hot Stocks20:12 EDT Cathie Wood's ARK Investment bought 141.9M shares of UiPath today
|
ADPT | Hot Stocks20:11 EDT Cathie Wood's ARK Investment bought 233.1K Adaptive Biotechnologies shares today
|
FCPT | Hot Stocks19:38 EDT Four Corners Property Trust buys dual-tenant Outback Steakhouse and Hook & Reel - Four Corners Property Trust announces the acquisition of a dual-tenant Outback Steakhouse and Hook & Reel property for $5.2 million from Seritage Growth Properties. The property is located in a strong retail corridor in Ohio and is under net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.
|
FCPT | Hot Stocks19:25 EDT Four Corners Property Trust buys National Veterinary Assoc. property for $1.4M - Four Corners Property Trust is pleased to announce the acquisition of a National Veterinary Associates property for $1.4M. The property is located in Washington and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was priced at a cap rate in range with previous FCPT transactions.
|
SVT | Hot Stocks19:06 EDT Star Equity Fund calls on Servotronics to conduct strategic review of assets - The company states: "Star Equity owns 5.4% of the common stock of Servotronics, Inc., or SVT, and calls on SVT's Board to conduct a strategic review for ALL its assets. In addition, we urge all stockholders to vote WITHHOLD on the re-election of incumbent board members Edward Cosgrove, Christopher Marks, and William Farrell at the Company's 2023 annual meeting of shareholders, which will be held in a virtual format on June 9, 2023 at 9:00 a.m., E.T."
|
AMAT | Hot Stocks18:53 EDT Applied Materials CEO: We are innovating the way we innovate - In an interview on CNBC's Mad Money, Gary Dickerson said Silicon Valley is the innovation capital of the world. The CHIPS Act has been a catalyst, he noted. He expects the company to double its dividend over the next four years. Applied's backlog is "still pretty strong" and the company is performing well, he added. "We're right in the top of the first inning with AI," he said.
|
CRM | Hot Stocks18:47 EDT Salesforce CEO: We're laser-focused on our restructuring efforts - In an interview on CNBC's Mad Money, Marc Benioff said Salesforce is "really focused" on profitability and cash flow, both of which are up. He's "incredibly proud" of the increase in the company's operating margin. He noted it's currently a "more measured buying environment" in technology. He does, however, expect to see the turnaround in the tech buying environment before anyone else.
|
NVDA | Hot Stocks18:38 EDT Nvidia director sells $37.9M in common stock - In a regulatory filing, Nvidia disclosed that its director Tench Coxe sold 100K shares of common stock on May 26th in a total transaction size of $37.9M.
|
AMAT | Hot Stocks18:34 EDT Applied Materials CEO: We are innovating the way we innovate - In an interview on CNBC's Mad Money, Gary Dickerson said Silicon Valley is the innovation capital of the world. The CHIPS act has been a catalyst, he noted. He expects the company to double its dividend over next four years. Applied's backlog is still pretty strong and the company performing well, he added. "We're right in the top of the first inning with AI," he said.
|
SBEV | Hot Stocks18:10 EDT Splash Beverage receives noncompliance notice from NYSE over 10-Q filing - Splash Beverage Group announced it had received a notice from the NYSE Regulation of noncompliance with the NYSE American continued listing standards as a result of the Company's delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2023. The Company was unable to file the 10-Q as reported on the Form 8-K filed with the SEC on May 30th, 2023. Earlier, on March 9, 2023, the Company had with the SEC filed the Form 8-K stating that the audit firm on record had changed structurally through a merger and was to be treated as a new firm. The Company and the premerger auditor had prepared the statements on time as in previous filings however the newly engaged auditor incorporated new procedures and an extra layer of partner approval requiring additional time to complete the review of the financial statements for the period ended March 31, 2023. The Company intends to file its 10-Q as soon as practicable. Robert Nistico, CEO, said, "We are working with the newly merged audit group as they transition and implement new processes and approvals that have unexpectedly delayed the final review and filing of our 10-Q and are working to file as soon as possible."
|
VNDA | Hot Stocks18:02 EDT Vanda Pharmaceuticals gets Charcot-Marie-Tooth disease orphan drug designation - Vanda Pharmaceuticals' synthetic 2'-O-methoxyethyl phosphorothioate oligoribonucleotide sodium salt was granted orphan designation by the FDA for treatment of Charcot-Marie-Tooth disease, according to a post to the agency's website.Reference Link
|
PFE | Hot Stocks17:50 EDT Pfizer says FDA approves RSV prevention vaccine - Pfizer announced that the U.S. Food and Drug Administration has approved ABRYSVO, the company's bivalent RSV prefusion F vaccine, for the prevention of lower respiratory tract disease caused by RSV in individuals 60 years and older. ABRYSVO is unadjuvanted and composed of two preF proteins selected to optimize protection against RSV A and B strains and was observed to be safe and effective. "A vaccine to help prevent RSV had been an elusive public health goal for more than half a century. Today's approval is a monumental step forward in delivering on Pfizer's commitment to help alleviate the significant burden of RSV in higher-risk populations, which includes older adults," said Annaliesa Anderson, Ph.D., Senior Vice President and Chief Scientific Officer, Vaccine Research and Development, Pfizer. "ABRYSVO will address a need to help protect older adults against the potentially serious consequences of RSV disease. We are extremely grateful to the clinical trial participants, study investigator teams and our dedicated Pfizer colleagues for their roles in making this vaccine available."
|
VINE | Hot Stocks17:40 EDT Fresh Vine appoints Hitesh Dheri as CFO - Fresh Vine appointed Hitesh Dheri as CFO and Secretary, effective May 25. The company also reported the grant of equity inducement awards to Jamey Whetstone, who commenced employment as the company's Executive VP of Sales and Marketing on May 11, and Hitesh Dheri. The awards were offered as inducements material to the hiring of Whetstone and Dheri. Prior to joining the company, Dheri served as a consultant leading IPO teams for multinational companies in the biotech industry from 2021 to 2023. From April 2019 until May 2020, Dheri served as Vp - Finance of Kadiant, a private-equity owned company providing Applied Behavior Analysis therapy to children diagnosed with autism spectrum disorder. From November 2015 until February 2019, Dheri served as Corporate Controller of SunLink Corporation, a private company providing renewable energy solutions including fixed-tilt and tracker systems for commercial and utility-scale installations. Whetstone's awards included a 380,952 share restricted stock grant with transfer and forfeiture restrictions that are scheduled to lapse in four installments as nearly equal in amount as possible on the three, six, nine and twelve month anniversaries of the grant date, subject to continued employment, and restricted stock units with a target payout amount equal to $89,753. Dheri's awards included a 196,463 share restricted stock grant with transfer and forfeiture restrictions that are scheduled to lapse in four installments as nearly equal in amount as possible on the three, six, nine and twelve month anniversaries of the grant date, subject to continued employment, and restricted stock units with a target payout amount equal to $63,575. The amount of the RSU awards actually payable will be determined based on the satisfaction of 2023 performance objectives.
|
TBIO | Hot Stocks17:31 EDT Telesis Bio secures $28M in financing - Telesis Bio announced it has signed a securities purchase agreement with a syndicate of healthcare-focused institutional investors that have agreed to provide initial upfront funding of $28M in gross proceeds to Telesis Bio through a private placement of redeemable convertible preferred stock. The private placement also includes the issuance of warrants that, if cash exercised, would provide Telesis Bio with another $46.2M in gross proceeds. The financing is led by Novalis LifeSciences LLC with participation from Northpond Ventures, BroadOak Capital Partners and M-185 Corporation, an affiliate of the Company's Chief Executive Officer and Founder, Todd R. Nelson, PhD. Under the terms of the Redeemable Convertible Preferred Stock and Warrant Purchase Agreement, immediately following the closing of the financing, Paul Meister, a partner at Novalis LifeSciences LLC, will be appointed to the company's board of directors, increasing the size of its board of directors from seven to eight. The company intends to use the proceeds from the financing for general corporate purposes. The financing is expected to close on June 2, 2023, subject to the satisfaction of customary closing conditions.
|
CRM | Hot Stocks17:30 EDT Salesforce says raising FY24 operating margin view to 28% - Sees Q2 operating margin 30%. Says coming wave of AI will be more revolutionary than any technology in our time. Says still operating in uncertain macroenvironment. Says perfectly positioned to help customers harness power of AI. says data cloud one of the fastest growing products. Says about to enter super cycle for tech. Comments and guidance taken from Q1 earnings conference call.
|
NVDA | Hot Stocks17:25 EDT Nvidia director sells $3.01M in common stock - In a regulatory filing, Nvidia disclosed that its director Persis Drell sold 7.8K shares of common stock on May 26th in a total transaction size of $3.01M.
|
CNX | Hot Stocks17:22 EDT CNX Resources director buys $2.1M in common stock - In a regulatory filing, CNX Resources disclosed that its director Bernard Lanigan bought 137.8K shares of common stock on May 30th in a total transaction size of $2.1M.
|
LCID | Hot Stocks17:17 EDT Lucid Group falls about 7% to $7.25 after announcing $3B offering
|
META | Hot Stocks17:17 EDT Meta says it may remove news content from California over new bill - Meta spokesman Andy Stone released a statement on the California Journalism Preservation Act: "If the Journalism Preservation Act passes, we will be forced to remove news from Facebook and Instagram rather than pay into a slush fund that primarily benefits big, out-of-state media companies under the guise of aiding California publishers. The bill fails to recognize that publishers and broadcasters put their content on our platform themselves and that substantial consolidation in California's local news industry came over 15 years ago, well before Facebook was widely used. It is disappointing that California lawmakers appear to be prioritizing the best interest of national and international media companies over their own constituents." Reference Link
|
CF | Hot Stocks17:12 EDT CF Industries VP Barnard sells over $1M in company shares - CF Industries VP Douglas Barnard disclosed in a regulatory filing that he had sold 17,000 shares of company stock at $61.28 per share on May 30, for a total transaction amount of $1,041,743.
|
ALGN | Hot Stocks17:10 EDT Align Technology director buys $2.0M in common stock - In a regulatory filing, Align Technology disclosed that its director Kevin Dallas bought 7K shares of common stock on May 30th in a total transaction size of $2.0M.
|
VSAC | Hot Stocks17:07 EDT Vision Sensing Acquisition says sponsor Vision Sensing extends deal to July 3 - Vision Sensing Acquisition a special purpose acquisition company, announced that its sponsor, Vision Sensing, has notified Continental Stock Transfer & Trust Company that it intends to extend the date by which the Company must consummate its initial business combination from June 3 to July 3 by depositing into the Company's trust account an aggregate of $72,562.86. In connection with the Extension, the Company intends to issue to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $72,562.86 as consideration for the funding. This will be the second of up to six one-month extensions that the Company is authorized to obtain under its amended and restated certificate of incorporation as recently amended on May 1.
|
DSGX | Hot Stocks17:03 EDT Descartes Systems' solutions selected by UK's Waterline - Descartes Systems announced that Waterline, a UK supplier to the independent kitchen specialist sector, is using Descartes' cloud-based route planning and optimization; pre-delivery customer email notifications; and electronic proof-of delivery solutions. Descartes' route planning and optimization solution aims to reduce costs with more agile and efficient routing. Waterline was established in 1985 and became part of the Crown Imperial group of companies in 2011. It is the UK's largest supplier to the independent kitchen specialist sector.
|
AI | Hot Stocks17:01 EDT C3.ai falls 15% to $34.47 after Q4 results, FY24 guidance
|
RDFN... | Hot Stocks16:53 EDT Q1 investor home purchases fell 'a record' 49% YoY, Redfin says - Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits. That's the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the major metros tracked by Redfin (RDFN). Investor purchases fell 15.9% on a quarter-over-quarter basis, comparable with the 14.7% quarterly drop in overall home purchases. This is according to a Redfin analysis of county records across 40 of the most populous U.S. metropolitan areas. "We define an investor as any institution or business that purchases residential real estate. When we refer to a "record," the record dates back to the first quarter of 2000. This data is subject to revision. "While investors have pumped the brakes on home purchases, they're still scooping up a bigger share of homes than they were before the pandemic, which can create challenges for individual buyers at a time when there are so few homes for sale," said Redfin Senior Economist Sheharyar Bokhari. "Investors have gravitated toward more affordable properties due to still-high housing costs and rising mortgage rates, which has left first-time homebuyers with fewer starter homes to choose from." Companies that may be impacted by this include: Redfin (RDFN), Lennar (LEN), RE/MAX (RMAX), Zillow (Z), Opendoor (OPEN), Ocwen (OCN), Wells Fargo (WFC) and Rocket Companies (RKT). Reference Link
|
CRON | Hot Stocks16:51 EDT Cronos plans to exit existing U.S. hemp-derived CBD operations - Cronos Group announced its decision to streamline its operating structure by winding down and exiting its existing U.S. hemp-derived CBD-focused operations by the end of the second quarter of 2023. Cronos has made this decision to improve its cash flow in the near term and position itself to directly enter the U.S. THC market when the necessary changes in U.S. regulatory conditions occur. Consequently, beginning with the second quarter of 2023, the company intends to report its financial results under one consolidated segment and will no longer report the U.S. and Rest of World as separate segments. Cronos is also increasing its previously announced 2023 operating expense savings target from a range of $10M-$20M to a new range of $20M-$25M, partially due to its decision to wind down and exit its existing U.S. operations. In connection with the exit of its existing U.S. operations, Cronos expects to incur expenses in the second quarter of 2023, of up to $1.8M comprised of inventory write-offs, severance and other employee costs, and asset impairment charges. "We believe that one day, the U.S. will be one of the most important cannabis markets in the world," said Mike Gorenstein, Chairman, President and CEO, Cronos. "But we also believe our resources are best spent on staying laser-focused on becoming cash flow positive by driving cost savings and process efficiencies for our borderless adult-use products. We have the best balance sheet in the cannabis industry, with $836 million in cash and short-term investments and zero debt as of March 31, 2023. Achieving our goal to generate positive cash flow in 2024 will advance our industry-leading cash balance and put us in the best position to win in the U.S. once regulatory conditions change." The company is committed to maximizing the value of its global branded product portfolio. It anticipates bringing the Lord Jones brand back to its adult-use roots by launching it in the Canadian market in the fourth quarter of 2023.
|
CLLS | Hot Stocks16:51 EDT Cellectis publishes an article discussing preclinical evidence for UCART20x22 - The company states: "Cellectis publishes an article in Cancer Immunology Research demonstrating pre-clinical proof-of-concept data of UCART20x22 product candidate, Cellectis' first allogeneic dual CAR T-cell targeting the CD20 and CD22 antigens, to overcome current mechanisms of resistance to CAR T-cell therapies in B-cell Non-Hodgkin lymphoma, while providing a potential alternative to CD19 directed therapy. B-cell Non-Hodgkin lymphoma remains one of the most common cancers worldwide, with reports an estimate of 544,000 new cases and 260,000 deaths worldwide in 2020. Despite the groundbreaking efficacy of current CAR T-cell therapies, studies on patients treated with autologous CAR T-cells are revealing several causes for relapses that includes: antigen loss, low antigen expression or insufficient CAR T-cell potency and persistence, among others. While several suitable targets to treat B-cells malignancies have been identified, CD19 has been the focus of attention leading to a crowded space with limited therapeutic alternatives for CD19 low or negative relapses. The limited amount of eligible treatment options after relapse from autologous CAR T-cell therapy or for patients not eligible for autologous therapies, underscores the urgent need to develop novel therapies with the potential to improve patient outcome. To address these challenges, Cellectis developed UCART20x22, its first allogeneic dual CAR T-cell product candidate targeting two validated antigens commonly expressed in B-cell malignancies, CD20 and CD22, and whose expression is preserved after CD19 CAR T-cell treatment. Cellectis provides pre-clinical proof of concept demonstrating potent and sustained activity of different designs of allogeneic CD20xCD22 CAR in vitro and in vivo against various antigen combinations and models recapitulating antigen escape, a current challenge in the field that can lead to treatment failure. Moreover, UCART20x22 is developed to be available off-the-shelf and to offer a solution for patients whose T-cells are not functional or for which autologous manufacturing fails."
|
MSA | Hot Stocks16:46 EDT MSA Safety names Steve Blanco as Chief Operating Officer - Global safety equipment manufacturer MSA Safety announced that Steve Blanco has been elected President and Chief Operating Officer by the company's Board of Directors. Mr. Blanco who previously served as President of the company's Americas business segment, a position to which he was appointed in 2017. As President and COO, Mr. Blanco will oversee the continued implementation of the company's strategic initiatives across MSA's global portfolio. Nish Vartanian will continue to serve the company as Chairman and CEO.
|
GNFT | Hot Stocks16:46 EDT Seal Rock Therapeutics enter license agreement with Genfit - Seal Rock Therapeutics announced it has entered into an out-licensing agreement with Genfit for the development of an injectable formulation of SRT-015 for acute liver disease, including Acute-on-Chronic Liver Failure. Under the agreement, Seal Rock Therapeutics is eligible for payments up to EUR100M, including regulatory, clinical, and commercial milestone payments, plus tiered royalties. SRT-015, a highly optimized, second generation, liver-selective inhibitor of Apoptosis Signal-reducing Kinase 1. It is being developed by Seal Rock Therapeutics, in an oral formulation, as a treatment for severe acute alcoholic hepatitis as well as orphan liver diseases and NASH.
|
SLDP | Hot Stocks16:40 EDT Solid Power appoints John Van Scoter as CEO - Solid Power announced that John Van Scoter has been appointed president, CEO, and a Class I Director of Solid Power, effective June 14. Van Scoter succeeds Dave Jansen, the interim CEO, president and chair of the company. Jansen will continue to serve as chairperson of the board and will support Van Scoter in an advisory role to ensure a seamless transition.
|
CHWY | Hot Stocks16:36 EDT Chewy jumps 14% to $33.70 after Q1 earnings beat, guidance raise
|
NOVN | Hot Stocks16:35 EDT Novan trading resumes
|
JELD | Hot Stocks16:33 EDT Jeld-Wen names Jas Hayes as general counsel, succeeding Roya Behnia - Jeld-Wen the appointment of Jas Hayes as executive vice president, general counsel and corporate secretary, effective June 1. Hayes most recently served as senior vice president, deputy general counsel and corporate secretary for Jeld-Wen. He succeeds Roya Behnia, who previously announced her intention to retire from the company in July.
|
KMI | Hot Stocks16:32 EDT Kinder Morgan boosts storage capacity on Texas intrastate system - Kinder Morgan announced its plan to expand the working gas storage capacity at its Markham Storage facility in Matagorda County along the Texas Gulf Coast. KMI has reached an agreement with Underground Services Markham, LLC, a subsidiary of Texas Brine Company LLC, to lease an additional cavern at Markham to provide more than 6 billion cubic feet of incremental working gas storage capacity and 650 million cubic feet per day of incremental withdrawal capacity on KMI's extensive Texas intrastate pipeline system. Anchor shippers have subscribed to approximately half of the available capacity under long-term agreements, and commercial in-service for the project is expected in January 2024. "During Winter Storm Uri, KMI's storage portfolio was critical to supplying human needs customers in Texas while also providing much needed supply to numerous electric generation facilities during the storm. We are pleased to increase our natural gas storage solutions to further support Texas customers, particularly during severe weather events," said KMI Natural Gas Midstream President Tom Dender. "Storage capabilities on highly utilized assets are critical to support Texas' ability to respond to an energy crisis and ensure energy reliability as renewables become a greater portion of the state's energy mix. This expansion will provide much needed capacity that could supply gas-fired electric generation facilities within ERCOT and provide electric service to well in excess of one million homes in Texas."
|
IGT | Hot Stocks16:32 EDT International Game unit signs eight-year contract with Connecticut Lottery - International Game Technology announced that its subsidiary, IGT Global Solutions Corporation, has signed an eight-year contract with the Connecticut Lottery Corporation to deploy its iLottery gaming system and related components. This technology will enable the CLC to sell Keno and draw-based lottery games for the first time via a new website and mobile app developed by IGT. The contract is expected to run through May 2031 and includes four years of possible extension options. The iLottery gaming system is anticipated to launch in the late fall of 2023.
|
IFBD | Hot Stocks16:32 EDT Infobird regains compliance with Nasdaq minimum bid price requirement - Infobird received a notification letter from the Listing Qualifications Department of Nasdaq notifying the company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement and that the matter is now closed.
|
APO | Hot Stocks16:28 EDT Apollo Global holder Harris sells $47M in company shares - Apollo Global holder Joshua Harris disclosed in a regulatory filing that he had sold 710,944 shares of company stock at $65.58 per share between May 25 and May 30 for a total transaction amount of $46,626,693.
|
VEEV | Hot Stocks16:25 EDT Veeva jumps 6% to $175.99 after Q1 results, FY24 guidance beat estimates
|
OKTA | Hot Stocks16:24 EDT Okta falls 12% to $79.97 after Q1 earnings and guidance
|
PSTG | Hot Stocks16:24 EDT Pure Storage jumps 7% to $30.89 after Q1 results beat estimates
|
CRWD | Hot Stocks16:23 EDT Crowdstrike falls 11% to $142.60 after Q1 results and guidance
|
JWN | Hot Stocks16:23 EDT Nordstrom jumps 7% to $16.47 after Q1 results beat estimates
|
CRM | Hot Stocks16:22 EDT Salesforce falls 5% to $213.25 afterhours following Q1 earnings and guidance
|
DHT | Hot Stocks16:22 EDT DHT Holdings to acquire VLCC built in 2018 for $94.5M - DHT Holdings announced that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries HHI for $94.5M.The vessel is scheduled to deliver during the third quarter of 2023. The Company will finance the acquisition with available liquidity and projected mortgage debt, and it is expected to be accretive to DHT's earnings per share. It was built to a high specification by its current owner, is fitted with an exhaust gas cleaning system and will further improve the DHT fleet efficiencies, amongst others its Annual Efficiency Ratio and Energy Efficiency Operational Index metrics. DHT's President & CEO, Svein Moxnes Harfjeld, comments: "We are constantly hunting high and low for opportunities that can bring value to our shareholders. As always, the devil is in the details and this is a sister of vessels built by us in 2018, a design with large deadweight and premium earning capabilities, fitting well into the trading patterns of our key customers. We expect this to become a good investment, delivering into a market with attractive prospects."
|
AVHI | Hot Stocks16:21 EDT Achari Ventures Holdings I receives late filing non-compliance notice - Achari Ventures Holdings I received a deficiency letter on May 23 from the Listing Qualifications Department of Nasdaq stating that the company is not in compliance with Nasdaq listing rules as a result of the company's delay in filing its Form 10-Q for the period ending March 31 with the SEC. On May 26, 2023, the Company filed its Form 10-Q for the period ended March 31, 2023 with the SEC.
|
JWN | Hot Stocks16:21 EDT Nordstrom reports Q1 gross profit margin up 110 bps y/y - The company's first quarter results reflected progress on its key priorities. Nordstrom Rack sales trends improved late in the quarter, with the strongest performance in April, primarily driven by increased penetration of strategic brands in its merchandise mix. Gross profit margin expanded by 110 basis points over last year, reflecting the company's focus on increasing inventory productivity. In addition, the company continued to deliver efficiencies through its supply chain initiatives, which contributed over 100 basis points of improvement in variable costs within selling, general and administrative expenses, helping to mitigate the impact of deleverage on lower sales.
|
UPST | Hot Stocks16:21 EDT Upstart CFO Datta sells 26,072 common shares - In a regulatory filing, Upstart Holdings CFO Sanjay Datta disclosed the sale of 26,072 common shares of the company on May 26 at a price of $23.9866 per share.
|
CANO | Hot Stocks16:19 EDT Cano Health issues stockholder presentation calling for board re-election - Cano Health has published an investor presentation to its investor relations website in connection with its upcoming Annual Stockholders' Meeting. Cano Health believes that it is meaningfully undervalued relative to peers based on its Medicare membership base, recent earnings performance of core operations, and cash burn per net new member. The company's plan consists of sharpening the company's focus on Medicare Advantage including conducting a process to divest non-core assets; unlocking embedded medical center profitability; streamlining operations; strengthening cash flows; and optimizing Cano Health's management team and governance. Over the past several months, the Board believes it has has implemented necessary and ongoing governance improvements, including the recent separation of the Chairman and CEO positions as well as a review and enhancement of certain company policies and procedures. The Board believes that the former directors resigned to launch a highly disruptive campaign intended to further their own short-term interests. The former directors have publicly stated their singular objective is to dismantle Cano Health's platform and sell it for parts. Cano Health urges stockholders to vote on the proxy card for re-election of the company's two independent directors and the proposed reverse stock split.
|
RWOD | Hot Stocks16:19 EDT Redwoods Acquisition receives Nasdaq delinquency notification letter - Redwoods Acquisition Corp. announced that it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market on May 24, 2023 due to the company's non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023. The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC. The company filed the Form 10-Q with the SEC on May 24.
|
MBSC | Hot Stocks16:17 EDT M3-Brigade Acquisition III Corp. receives NYSE non-compliance notice - M3-Brigade Acquisition III Corp. announced that it has received a notice from the New York Stock Exchange indicating that the company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 with the SEC. The notice has no immediate effect on the listing of the company's stock on the NYSE
|
CC | Hot Stocks16:17 EDT Chemours secures regulatory approvals to launch BWT FUMATECH Mobility GmbH - The Chemours Company "announced the requisite European Commission and the People's Republic of China State Administration for Market Regulations regulatory approvals are now in place to launch operations at its joint venture with BWT FUMATECH Mobility GmbH, under the name of THE Mobility F.C. Membranes Company GmbH - A BWT Chemours Company. FUMATECH BWT GmbH is an established player in multiple hydrogen markets focused on membrane manufacturing in the field of fuel cell technology. The 50-50 joint venture focuses on integrating the unique capabilities, resources, and technological expertise of each company to elevate and accelerate the capacity to manufacture fuel cell and humidifier membranes for mobility applications for long-term customers. By leveraging the best of each partner's complementary assets, THE Mobility F.C. Membranes Company GmbH - A BWT Chemours Company will expedite the supply of HDFC membranes to original equipment manufacturers, helping to meet the demand for these membranes that are critical to fully scaling the global hydrogen economy."
|
AMZN | Hot Stocks16:16 EDT FTC, DOJ fine Amazon $25M for children's privacy law violations - The Federal Trade Commission and the Department of Justice said they "will require Amazon to overhaul its deletion practices and implement stringent privacy safeguards to settle charges the company violated the Children's Online Privacy Protection Act Rule and deceived parents and users of the Alexa voice assistant service about its data deletion practices." According to a complaint filed by the Department of Justice on behalf of the FTC, Amazon prevented parents from exercising their deletion rights under the COPPA Rule, kept sensitive voice and geolocation data for years, and used it for its own purposes, while putting data at risk of harm from unnecessary access. In addition to the data deletion requirement in the proposed order, Amazon will be required to pay a $25M civil penalty. Other provisions of the proposed order include prohibiting Amazon from using geolocation, voice information, and children's voice information subject to consumers' deletion requests. Reference Link
|
MLR | Hot Stocks16:16 EDT Miller Industries acquires Southern Hydraulic Cylinder for $17.5M in cash - Miller Industries announced that it has acquired Southern Hydraulic Cylinder, a custom hydraulic cylinder manufacturer, in an all-cash transaction for an aggregate purchase price of approximately $17.5M, subject to certain pre- and post-closing adjustments for cash and net working capital. Southern Hydraulic Cylinder, headquartered in Athens, TN, specializes in the manufacture and supply of custom-built, welded hydraulic cylinders for a variety of industries. The acquisition will help bolster the company's efforts to improve the stability of its supply chain and is expected to be accretive within the first year.
|
NOVN | Hot Stocks16:15 EDT Novan reduced workforce by 50%, to explore sale of commercial assets - Novan announced that following an evaluation of its commercial and developmental stage assets, it has decided to sharpen its focus and resources on berdazimer gel, 10.3% and announced that it continues to explore strategic alternatives, with a focus on its commercial product portfolio and a sale or out-license of one or more of its commercial products. Novan conducted a review of its commercial and development portfolio of assets to determine a path to optimally deploy capital and maximize shareholder value. Following this review, the company, has initiated a process to explore a sale or out-license of its commercial assets, including RHOFADE, MINOLIRA, and CLODERM. The company will immediately reduce certain of its operating expenses currently supporting its commercial operations. The restructuring of the company's commercial business, impacting 39 employees, results in a reduction in force of approximately 50% of employees of the Company, primarily among its field sales representatives. The company estimates that it will incur approximately $0.9M in charges related to the reduction in force over a period of twelve months. The company took this step to concentrate its resources on pursuing the regulatory approval for the company's berdazimer gel, 10.3% product candidate.
|
JWN | Hot Stocks16:14 EDT Nordstrom CEO says 'We're encouraged by our momentum' - "We are pleased with the progress we're making against the key priorities we laid out for 2023 as we continue to enhance our overall customer experience, improve Nordstrom Rack performance, increase inventory productivity and optimize our supply chain operations," said Erik Nordstrom, CEO of Nordstrom. "We're encouraged by our momentum, especially given the uncertain macroeconomic environment. We remain focused on executing with agility and delivering long-term value to our shareholders." "Our focus on these key priorities allows us to better serve our customers through great brands at great prices at the Rack and more product newness and better flow across our banners, while also positioning us for more profitable growth," said Pete Nordstrom, president and chief brand officer of Nordstrom, Inc. "We're grateful to our team for their hard work and focus, and we're excited to serve our customers with new and fresh selections from the best brands at our upcoming Anniversary Sale." Most categories in the U.S. were down in the first quarter versus 2022, which benefited from strong pent-up demand for a return to occasions after the pandemic. Active was the strongest category, while beauty and men's apparel performed above average.
|
OKTA | Hot Stocks16:12 EDT Okta reports Q1 RPO, or subscription backlog, up 9% from last year at $2.94B - Q1 cRPO, which is subscription backlog expected to be recognized over the next 12 months, was $1.70B, up 20% compared to the first quarter of fiscal 2023.
|
USPH | Hot Stocks16:11 EDT U.S. Physical Therapy acquires four-clinic physical therapy practice - U.S. Physical Therap announced an acquisition of a physical therapy practice with four clinics. USPH and its local partners together acquired a 75% equity interest in the practice for a purchase price of $3.1 million, with the current practice owners retaining a 25% equity interest. The business currently generates approximately $2.6 million in annual revenues and approximately 27,000 annual visits.
|
BNED | Hot Stocks16:11 EDT Barnes & Noble Education sees FY23 adjusted EBITDA ($10M)-($5M) - The company expects to report consolidated full year non-GAAP Adjusted EBITDA from continuing operations in the range of $(10) million to $(5) million, compared to $(10.3) million in the prior year period. The Company's fiscal 2023 non-GAAP Adjusted EBITDA from continuing operations is below its guidance due to lower than expected fourth quarter revenue and lower fourth quarter gross profits, which included a shift in the mix of buying patterns from physical textbooks to lower-margin digital course materials within the Company's a la carte course material model. "While fiscal 2023 did not meet our financial expectations, we believe the strategic actions taken throughout the year position BNED on the path to profitable growth," said Huseby. "During the second half of fiscal 2023, we made substantial progress on our cost reduction initiatives to better align our overall expenses and resources with the secular trends of declining enrollment and the proliferation of digital course materials. We also made meaningful progress with our institutional partners to accelerate their transition to our FDC equitable access model. We expect to launch a significant number of new schools on the FDC model in the Fall of 2023 and remain confident about FDC's contribution to BNED's long-term profitable growth."
|
MRVI | Hot Stocks16:10 EDT Maravai Lifesciences closes 4% higher after rumor of PE bid - Shares of Maravai Lifesciences closed 55c, or about 4%, higher at $12.84 after a source claimed to Street Insider that private equity firm Thomas H. Lee Partners made a $17 per share all-cash offer for the company. The two sides are in talks and the PE firm is conducting due diligence, according to the blog report published earlier on Wednesday.
|
CRM | Hot Stocks16:10 EDT Salesforce reports Q1 current RPO $24.1B, up 12% from last year
|
HIW | Hot Stocks16:09 EDT Highwoods Properties announces $40.2M of non-core asset sales - Highwoods Properties has sold One Independence Park, a 116,000 square foot office building in Tampa's Westshore BBD, for $19.5M. One Independence Park is 100% occupied by a single user under a lease the Company signed with the new user last year. The Company has also sold Riverbirch, a 60,000 square foot office building in the Research Triangle Park submarket of Raleigh, for $20.7M. Riverbirch is 100% occupied by a single customer that recently renewed under a long-term lease. In 2023, these office buildings were projected to generate $2.6M of GAAP net operating income and $1.9M of cash net operating income, which includes $0.9M of free rent. "As part of the sale of One Independence Park, the Company provided $9.8M in non-recourse first mortgage seller financing. The note bears interest at an annual rate of 5.50% and is scheduled to mature in November 2023, but can be prepaid without penalty at any time prior to maturity. The cash proceeds received from both dispositions have been used to reduce amounts outstanding on the Company's revolving credit facility and for general corporate purposes.
|
ACOR | Hot Stocks16:04 EDT Acorda Therapeutics to conduct 1-for-20 reverse stock split - Acorda Therapeutics announced that it will conduct a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1-for-20. The reverse stock split will become effective at 4:01 p.m. Eastern Time, on June 2, 2023. The Company's common stock will begin trading on a post-split basis at the market open on June 5, 2023. The reverse stock split is being effected to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on The Nasdaq Global Select Market.
|
CRWD | Hot Stocks16:02 EDT Crowdstrike announces IL5 authorization from DoD - CrowdStrike "announced that it has been granted an Impact Level 5, IL5, Provisional Authorization from the United States Department of Defense. A broad range of DoD unclassified National Security Systems can now deploy the CrowdStrike Falcon(R) platform to protect mission-critical data. The U.S. DoD uses an Impact Level classification system to authorize cybersecurity technology, with IL5 being the highest level of authorization granted to controlled unclassified information (CUI). This authorization will allow the DoD, Intelligence Community and other federal agencies to deploy CrowdStrike to protect their most critical unclassified assets, and will aid the agencies in achieving operational Zero Trust architectures, which the DoD plans on completing by 2027."
|
NOVN | Hot Stocks16:00 EDT Novan trading halted, news pending
|
SCLX | Hot Stocks15:19 EDT Scilex announces ZTlido master distributor agreement for Saudi Arabia - Scilex (SCLX), a majority-owned subsidiary of Sorrento Therapeutics, (SRNEQ), announced a master distributor agreement with Farouk, Maamoun Tamer & Co. for the distribution of ZTlido in Kingdom of Saudi Arabia. "This agreement represents another critical milestone towards bringing our innovative non-opioid pain management medicines to people around the world," said Jaisim Shah, President and CEO of Scilex.
|
GDEV | Hot Stocks15:07 EDT Nexters Inc trading resumes
|
URI | Hot Stocks15:05 EDT United Rentals down 3% as investor day continues - Shares of United Rentals are down $10.39, or 3%, to $336.12 in afternoon trading as executives conduct a Q&A session at the company's investor day meeting.
|
GDEV | Hot Stocks14:57 EDT Nexters Inc trading halted, volatility trading pause
|
STZ STZ.B | Hot Stocks14:45 EDT Constellation Brands says business 'accelerating' out of the quarter - At the Bernstein Strategic Decisions Conference, Constellation Brands CEO William Newlands said that the comapny is "accelerating" out of the quarter. "For those of you who follow IRI data, you probably have seen that our business is accelerating," Newlands said.
|
BLUE | Hot Stocks14:43 EDT Grizzly Research says Bluebird Bio 'has entered death spiral' - In a recently published report, Grizzly Research says "Bluebird Bio, once a darling of the pre-revenue hot-biotech-money crowd, has entered its death spiral. Access to capital for bringing any product to market becomes increasingly dilutive and forces management into additional stock sales. Its core technology has been eclipsed by newer, safer, and more reliable treatment pathways. CEO Andrew Obenshain is now compelled to parrot a less and less credible portrayal of patient populations, treatment risks, and insurance reimbursement uptakes for his drug candidates. In this researcher's view, Bluebird's time for achieving escape velocity is past, and the forces of gravity pulling it toward a liquidation or dissolution scenario can no longer be escaped." "Considering Bluebird's operational cash needs and dire prospects for commercial success, we believe the company will have to continue to dilute shareholders for the foreseeable future," the report further states. Reference Link
|
PCG | Hot Stocks14:32 EDT PG&E says criminal charges arising from 2020 Zogg Fire to be dismissed - Pacific Gas and Electric Company, or PG&E, announced that it reached an agreement with the Shasta County District Attorney under which criminal charges arising from the 2020 Zogg Fire will be dismissed. In its settlement agreement with the District Attorney's Office, which is subject to court approval, PG&E has committed to continue several initiatives to further reduce the risk of wildfires, and to fund $45M in contributions to numerous organizations dedicated to rebuilding and assisting Shasta County communities. PG&E already has settled civil claims with individuals, families, organizations and Shasta County to provide compensation for damages from the Zogg Fire, which CAL FIRE determined was caused by a tree falling on a PG&E powerline. "The agreement reflects our continuing commitment to making it right and making it safe. We stand behind our thousands of trained and experienced coworkers and contractors working every day to keep Californians safe. We feel strongly that those good-faith judgments are not criminal. I'm grateful that the Shasta County District Attorney has agreed to work with us to make her community safer, and we look forward to the relationship this agreement creates," said Patti Poppe, CEO of PG&E Corporation.
|
NDP | Hot Stocks14:20 EDT Bulldog says Tortoise Energy should explore strategic options - Bulldog Investors disclosed a 5.06% stake in Tortoise Energy Independence Fund, which represents 88,776 shares. The filing allows for activism. Bulldog believes "management should consider strategic options to maximize shareholder value."
|
SNAP | Hot Stocks14:19 EDT Snap introduces generative AI feature, 'My AI Snaps' - "Snapping is the way our community stays in touch with their friends and family, creating over 55,000 Snaps every second on average. Now, when Snapchat+ subscribers are chatting with My AI, they can send it Snaps of what they're up to and receive a unique generative Snap back that keeps the conversation going! Since launch, Snapchatters have been using My AI as a tool for creativity to learn more about the world, and ask about movies, sports, video games, or even what to wear to prom. Snap My AI a picture of your pizza, OOTD, or even your furry best friend, and My AI may respond with a Snap back in reaction to what you're doing. So, if you Snap My AI your latest grocery haul, it might recommend a recipe! Like all messages shared with My AI, Snaps will be stored and may be used to improve the product experience. While it was designed to avoid biased, incorrect, harmful, or misleading information, mistakes may occur, so please do not rely on it for advice, and let us know if you have any feedback. We look forward to hearing about your experience with My AI. Happy Snapping, Snapchat+ subscribers!," said the company in a statement. Reference Link
|
TCEHY | Hot Stocks14:13 EDT Tencent's Riot Games delays League of Legends season amid LCS player walkout - Naz Aletaha, Riot Games' global head of League of Legends esports blogged in part earlier: "There's been a lot of discussion over the past few days about the North American Challenger League,NACL, and the LCS player walkout...There's been a lot of talk about the current state of esports, including esports' long-term future. Over the last few months we've been more focused than ever on meeting the teams' needs for economic sustainability. ...All that said, a top priority for us always is the fans. While last week we immediately put in place contingency plans to begin the LCS season on Thursday, we ultimately decided that it would not hold true to our values that Riot's esports offers our players and fans a showcase for the best competitive League of Legends. Nothing but putting the best players in North America on the stage at Riot Games Arena is acceptable. So we informed LCSPA leadership today that we will delay the LCS season for the next two weeks. Hopefully, this two-week window will give us time for productive dialogue between the LCSPA, teams, and the league and then resume LCS competition this summer. The LCS will not be penalizing the teams for not fielding their rosters during this two-week period to allow everyone space to focus on constructive dialogue. We are doing our best to ensure LCS employees, contractors, and others supporting the LCS are not negatively impacted by the delay..." Reference Link
|
MRVI | Hot Stocks14:05 EDT Maravai LifeSciences trading resumes
|
MRVI | Hot Stocks14:00 EDT Maravai LifeSciences trading halted, volatility trading pause
|
COHR | Hot Stocks13:49 EDT Coherent debuts laser welding head HIGHtactile, 'ideal' for EV applications - Coherent introduced HIGHtactile, a new laser welding head with tactile seam-tracking technology ideal for electric vehicle EV manufacturing applications. The growing demand for EVs is expanding applications for lasers in automotive manufacturing, spurring innovations in process automation and improvements in laser usability. Coherent introduced HIGHtactile, a laser processing head with a new patent-pending seam-tracking technology that is easily configurable to perform highly automated fillet welding and brazing."HIGHtactile is the culmination of twenty years of experience designing seam-tracking systems for welding and brazing, making it a truly unique product on the market," said Dr. Karlheinz Gulden, Senior Vice President, Laser Components and Subsystems Business Unit. "Our laser processing heads have had great success in automotive manufacturing applications. Now, with the rapidly growing demand for electric vehicles, we are addressing a broad range of new opportunities in critical applications, such as fillet welds that enable battery trays to be stronger and stiffer while at the same time reducing weight."
|
CNI... | Hot Stocks13:20 EDT North American rail traffic down 4.1% for the week ending May 27 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending May 27. For this week, total U.S. weekly rail traffic was 480,998 carloads and intermodal units, down 4.8% compared with the same week last year. Total carloads for the week ending May 27 were 235,307 carloads, up 3.5% compared with the same week in 2022, while U.S. weekly intermodal volume was 245,691 containers and trailers, down 11.6% compared to 2022. North American rail volume for the week ending May 27, on 12 reporting U.S., Canadian and Mexican railroads totaled 337,575 carloads, up 1.7% compared with the same week last year, and 331,924 intermodal units, down 9.3% compared with last year. Total combined weekly rail traffic in North America was 669,499 carloads and intermodal units, down 4.1%. North American rail volume for the first 21 weeks of 2023 was 13,563,680 carloads and intermodal units, down 4.1% compared with 2022. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Greenbrier (GBX), Trinity Industries (TRN), FreightCar America(RAIL) and Wabtec (WAB). Reference Link
|
SFWL | Hot Stocks13:17 EDT SHENGFENG DEVELOPMENT Ltd trading resumes
|
ON VTSCY | Hot Stocks13:13 EDT onsemi, Vitesco Technologies sign SiC long-term suply agreement - Vitesco Technologies (VTSCY) and onsemi (ON) announced a 10-year long-term supply agreement worth $1.9B for silicon carbide products to enable Vitesco Technologies' ramp in electrification technologies. Vitesco Technologies is providing an investment of $250M to onsemi for new equipment for SiC boule growth, wafer production and epitaxy to secure access to SiC capacity. The equipment will be used to produce SiC wafers to support Vitesco Technologies' growing SiC demand. In parallel, onsemi will continue to invest substantially into end-to-end SiC supply chain. addition, Vitesco Technologies and onsemi will collaborate on optimized customer solutions for Vitesco Technologies.
|
SFWL | Hot Stocks13:12 EDT SHENGFENG DEVELOPMENT Ltd trading halted, volatility trading pause
|
AAPL | Hot Stocks13:06 EDT Apple says App Store facilitated billings, sales grew 29% year-over-year in 2022 - Apple announced that an independent study by economists from Analysis Group found the App Store ecosystem facilitated $1.1 trillion in developer billings and sales in 2022. "The App Store continues to create incredible opportunity for developers around the world, with more than 90% of the billings and sales accruing solely to developers and businesses of all sizes - without any commission paid to Apple. Additionally, new analysis from the Progressive Policy Institute found the iOS app economy now supports more than 4.8 million jobs across the U.S. and Europe, with approximately 2.4 million in each region... The economists from Analysis Group estimate that last year, App Store developers generated $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising, and $104 billion for digital goods and services... Developer billings and sales increased by 27 percent between 2019 and 2020; 27 percent between 2020 and 2021; and 29 percent between 2021 and 2022. Small developers in particular found tremendous success on the App Store - outpacing larger developers by growing their revenue by 71 percent between 2020 and 2022. The economists at Analysis Group believe growth rates of this kind are positive indicators, consistent with a flourishing marketplace full of dynamism, innovation, and competition," Apple stated. Tim Cook, Apple's CEO, added: "As this report shows, the App Store is a vibrant, innovative marketplace where opportunity thrives, and we're as committed as ever to investing in developers' success and the app economy's future." Reference Link
|
CHRS | Hot Stocks13:01 EDT Coherus plans to submit response to FDA on toripalimab site in early June - In a regulatory filing, Coherus BioSciences disclosed that on May 31, the company announced that the United States Food and Drug Administration has successfully completed the required pre-licensing inspection of partner Shanghai Junshi Biosciences' toripalimab manufacturing site in China. "The company believes that the three observations received at the close of the FDA inspection are readily addressable and, together with Junshi Biosciences, plans to submit the response to the FDA in early June. The company is planning the commercial launch of toripalimab in the United States upon approval," the filing stated.
|
EXEL | Hot Stocks12:32 EDT Farallon comments on election of all three nominees to Exelixis' board - Farallon Capital Management, which manages funds that own approximately 7.8% of the outstanding shares of Exelixis, making it the company's largest active shareholder, commented on the preliminary results of Exelixis' 2023 Annual Meeting of Shareholders, including the election to the Board of Directors of all three Farallon director candidates: Tom Heyman, Dave Johnson and Bob Oliver. Farallon stated: "We are pleased that our three exceptional nominees were elected to the Board of Exelixis and would like to thank our fellow shareholders for their engagement and overwhelming support at the Annual Meeting. Tom, Dave and Bob are ready to work constructively with the rest of the Board to fulfill the mandate they received from shareholders and help the Company better allocate capital and focus its R&D efforts. We expect the remaining incumbent directors to heed the clear message of this election and recognize that Exelixis must embrace change to achieve its full potential for patients and shareholders. We look forward to seeing what this newly comprised Board can help achieve at Exelixis."
|
TRKA | Hot Stocks12:30 EDT Troika Media declares 1-for-25 ratio for reverse stock split - Troika Media Group announced that it will effect a 1-for-25 reverse stock split of its outstanding common stock. This will be effective for trading purposes as of the commencement of trading on June 1, 2023. The reverse stock split was previously approved by the Board of Directors of TMG in accordance with Nevada law, under which no stockholder approval is required, and is intended to increase the per share trading price of TMG's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market (Rule 5550(a)(1)). TMG's common stock will continue to trade on the NASDAQ Capital Market under the symbol "TRKA" and under a new CUSIP number, 89689F404. As a result of the reverse stock split, every 25 pre-split shares of common stock outstanding will become one share of common stock. The reverse stock split will also proportionately reduce the number of shares of authorized common stock from 800,000,000 to 32,000,000. The reverse split will also apply to common stock issuable upon the exercise of TMG's outstanding warrants, convertible securities, RSUs and stock options.
|
THCP | Hot Stocks12:17 EDT Thunder Bridge files proxy statement in connection with special meeting - Thunder Bridge Capital Partners, a SPAC publicly listed on the Nasdaq Global Market, announced that it is working closely with Coincheck Group B.V., a consolidated subsidiary of Monex Group, Inc., which will be a holding company of Coincheck, to complete the previously announced merger which will result in CCG becoming a publicly listed company on Nasdaq pursuant to the Business Combination Agreement, dated March 22, 2022, among THCP and CCG and certain of its affiliates. In response to the U.S. SEC's prolonged registration review process, THCP filed a proxy statement on May 31, 2023 in connection with a special meeting of stockholders of THCP that will be held on June 21, 2023, which includes, among other things, a proposal to amend its amended and restated certificate of incorporation to extend the date by which THCP must consummate a de-SPAC transaction from July 2, 2023 to July 2, 2024. In light of the above, the parties have agreed to amend the Business Combination Agreement to extend the deadline for completing the CCG De-SPAC Transaction for one year, subject to stockholder approval of the Extension Proposal at the THCP Stockholders Meeting.
|
KBAL HNI | Hot Stocks12:02 EDT Kimball shareholders approve transaction with HNI Corporation - Kimball International, Inc. (KBAL) announced that its shareholders approved the adoption of the merger agreement with HNI Corporation (HNI). The transaction is expected to close on June 1, 2023.
|
CPRI | Hot Stocks12:00 EDT Capri Holdings falls -11.9% - Capri Holdings is down -11.9%, or -$4.71 to $34.87.
|
HOV | Hot Stocks12:00 EDT Hovnanian falls -13.3% - Hovnanian is down -13.3%, or -$12.45 to $81.38.
|
AAP | Hot Stocks12:00 EDT Advance Auto Parts falls -33.8% - Advance Auto Parts is down -33.8%, or -$37.95 to $74.25.
|
NOAH | Hot Stocks12:00 EDT Noah Holdings rises 9.1% - Noah Holdings is up 9.1%, or $1.33 to $16.00.
|
TWLO | Hot Stocks12:00 EDT Twilio rises 9.4% - Twilio is up 9.4%, or $5.91 to $68.58.
|
AMNA | Hot Stocks12:00 EDT Alerian Midstream Energy Index rises 1244.6% - Alerian Midstream Energy Index is up 1244.6%, or $435.92 to $470.94.
|
SIX | Hot Stocks11:56 EDT Six Flags offers free lifeguard training for up to 4,500 lifeguards - The company said, "Six Flags Entertainment Corporation is looking for dedicated team members that want to save lives. Six Flags is so passionate about safety that the company is offering to train up to 4,500 lifeguards for free. The robust lifeguard training includes much more than water skills. All Six Flags lifeguards are trained and credentialed using the world-renowned Ellis & Associates International Lifeguard Training Program. Training includes healthcare provider CPR, emergency oxygen support, automated external defibrillator, standard first aid, incident prevention and water rescue techniques."
|
CRL | Hot Stocks11:37 EDT Charles River, Wheeler Bio announce agreement to implement RightSource - Wheeler Bio, a contract development and manufacturing organization, or CDMO, and Charles River Laboratories announced an agreement to implement RightSource at Wheeler Bio's current good manufacturing practice biologics manufacturing facility in Oklahoma City, OK. "Deployed on-site at a client's facility, RightSource is a flexible biologics testing lab operated and managed by Charles River, making fast, reliable quality control more accessible to a broader reach of companies like Wheeler Bio," Charles River stated. The RightSource Laboratory at Wheeler Bio will be operational in Q3 and is anticipated to start in-process and release testing by Q4, the companies noted.
|
TM | Hot Stocks11:31 EDT Toyota to assemble three-row BEV at Toyota Kentucky starting in 2025 - Advancing its commitment to vehicle electrification and building where it sells, Toyota announced that it will assemble an all-new, three-row, battery electric SUV at Toyota Kentucky starting in 2025. The company's first U.S.-assembled BEV will be powered by batteries from Toyota North Carolina, it said. The new battery plant, which is currently under construction, will receive an additional $2.1B investment to support the company's drive toward carbon neutrality, Toyota stated. We are committed to reducing carbon emissions as much as possible and as soon as possible," said Ted Ogawa, president and CEO officer, Toyota Motor North America.
|
TM | Hot Stocks11:24 EDT Toyota reports newly discovered potential data leakage of customer information - On May 12, Toyota announced "Apology and Notice Concerning Potential Data Leakage of of Customer Information Due to Misconfiguration of Cloud Environment. "Subsequently, we conducted an investigation for all cloud environments managed by TOYOTA Connected Corporation. It was further discovered that a part of the data containing customer information had been potentially accessible externally. We would like to inform you of the incident that has been identified as of today. As we believe that this incident also was caused by insufficient dissemination and enforcement of data handling rules, since our last announcement, we have implemented a system to monitor cloud configurations. Currently, the system is in operation to check the settings of all cloud environments and to monitor the settings on an ongoing basis. In addition, we will work closely again with TC to explain and thoroughly enforce the rules for data handling. We will also work to prevent a recurrence by thoroughly educating our employees once again. We sincerely apologize to our customers and all relevant parties for any concern and inconvenience this may have caused. We have also investigated whether, with this incident, there was any secondary use or if third-party copies remain on the Internet, and no evidence of such has been found. At present, we have not confirmed any secondary damage." Reference Link
|
FFIC | Hot Stocks11:05 EDT Flushing Financial announces 1M increase in share repurchase authorization - Flushing Financial Corporation announced that the Board of Directors has authorized an increase in the purchase of its common stock by 1,000,000 shares. Stock can be purchased from time to time, in the open market or through private transactions, subject to market conditions. There is no expiration or maximum dollar amount under this authorization. From April 1, 2023, through May 25, 2023, the Company repurchased 270,338 shares at an average price of $11.47 and has 164,608 shares remaining under its previous authorization. The combined remaining authorization is 1.2 million shares. John R. Buran, the company's President and CEO stated: "The Board of Directors authorized an increase of 1 million shares to our current repurchase program. We remain confident in our strong liquidity and conservatively positioned business model. Over 88% of our loan portfolio is real estate collateralized with average loan to values of less than 37%, and strong debt service coverage ratio of 1.9 times. The increase in the share repurchase authorization, and our recent quarterly dividend announcement, highlights our commitment to shareholders."
|
UBER PRTY | Hot Stocks10:41 EDT Uber, Party City partner for delivery of celebration supplies - Uber Technologies (UBER) and Party City (PRTY) announced a partnership to bring party supplies and much more to customers nationwide. Party City is the first celebrations retailer to be available on Uber Eats.
|
SDA | Hot Stocks10:25 EDT SunCar Technology Group Inc trading resumes
|
CIA | Hot Stocks10:20 EDT Citizens, Allegiant partner for final expense white-label products - Citizens has entered a white-label partnership with Allegiant Wealth Group. Through this partnership, Allegiant will sell Citizens' final expense insurance products marketed as Superior Choice to its clients located throughout the United States. These products will be sold through CICA Life Insurance Company of America, a Citizens company. Allegiant will market Superior Choice Final Expense products through two separate distribution channels including Senior Core Benefits, a captive career-oriented agent model, and through Allegiant Wealth Group, a large independent brokerage channel.
|
SDA | Hot Stocks10:20 EDT SunCar Technology Group Inc trading halted, volatility trading pause
|
MMM | Hot Stocks10:13 EDT 3M to invest $146M to expand capabilities in biopharma filtration technology - 3M will invest $146M to expand its capabilities to further support biotech manufacturing, a fast-growing area of health care which is bringing breakthrough therapies to patients. The investment will include facility and equipment improvements and the addition of 60 full-time positions in 3M manufacturing facilities in Europe. The company said, "The new investment will accelerate 3M's development and delivery of vital filtration equipment designed for bioprocessing, biological and small molecule pharmaceutical manufacturing applications, which will enable biotech customers to continue to innovate therapies used for the treatment of conditions such as rheumatoid arthritis, multiple sclerosis, and certain cancers. Filtration and purification is essential in manufacturing biopharmaceutical drugs. The process uses a unique filter material thatcaptures impurities while allowing thenecessarydrug substancesto pass through."
|
SAVE | Hot Stocks10:03 EDT US Aviation Academy joins Spirit Wings Pilot Pathway program - Spirit Airlines announced that US Aviation Academy in Denton, Texas, is the latest partner to join the Spirit Wings Pilot Pathway program. The flight school offers comprehensive pilot training and is conveniently located near one of Spirit's Pilot crew bases at Dallas Fort Worth International Airport, which provides graduates with opportunities to build relationships and progress to a career as a Spirit First Officer.
|
HPE | Hot Stocks10:00 EDT HP Enterprise falls -8.7% - HP Enterprise is down -8.7%, or -$1.34 to $14.18.
|
AI | Hot Stocks10:00 EDT C3.ai falls -9.5% - C3.ai is down -9.5%, or -$4.17 to $39.78.
|
AAP | Hot Stocks10:00 EDT Advance Auto Parts falls -30.1% - Advance Auto Parts is down -30.1%, or -$33.83 to $78.38.
|
CGAU | Hot Stocks10:00 EDT Centerra Gold rises 13.7% - Centerra Gold is up 13.7%, or 75c to $6.22.
|
LL | Hot Stocks10:00 EDT LL Flooring rises 30.4% - LL Flooring is up 30.4%, or $1.26 to $5.40.
|
AMNA | Hot Stocks10:00 EDT Alerian Midstream Energy Index rises 1245.0% - Alerian Midstream Energy Index is up 1245.0%, or $436.07 to $471.09.
|
ADN | Hot Stocks09:52 EDT Advent Technologies, Safran Power Units sign MOU for HT-PEM technnology - Advent Technologies Holdings signed a Memorandum of Understanding with Safran Power Units. Leveraging Advent's proprietary Ion Pair Membrane Electrode Assembly technology, and Safran Aerospace knowledge and capabilities, this new collaboration will seek to advance the development of next-generation high-temperature proton exchange membrane fuel cell technology, specifically for the aerospace sector. The collaboration is further supported by a strong research consortium including Safran Tech, the French Alternative Energies and Atomic Energy Commission, Fraunhofer Institute, the French National Centre for Scientific Research, the University of Strasbourg, and the IMDEA Energy Institute. Led by Safran Power Units and with the support of Advent, the consortium has secured a grant for the Clean Hydrogen Partnership TC3-08 NIMPHEA Project. Running from 2023 to 2026, the project is funded by Horizon Europe. NIMPHEA Project's main objective is to develop an aircraft-compatible, next-generation HT-PEM MEA. This involves optimizing and enhancing various components such as the catalyst layer, membrane, and gas diffusion layer. Advent's Ion Pair MEA technology serves as the foundation for these advancements. As part of the newly signed MoU, Advent and Safran Power Units are exploring a Joint Development Agreement for the advancement of HT-PEM fuel cells in aviation and for enhancing Advent's supply capability.
|
AZ | Hot Stocks09:48 EDT A2Z Smart Technologies receives smart cart order from Morton Williams - A2Z Smart Technologies is proud to announce that it has entered into an agreement with Morton Williams, an established retailer in the New York metropolitan area, for the order of 100 specially designed 75-liter smart carts, tailored for deployment in urban supermarkets. The order is to encompass an upfront payment and monthly subscription payments. This collaboration showcases the potential of A2Z's smart cart platform solution, empowering retailers like Morton Williams to optimize their operations, enhance customer experiences, and generate additional revenue.
|
OMF | Hot Stocks09:48 EDT OneMain Holdings comments on settlement with CFPB - OneMain Holdings commented on an agreement reached with the Consumer Financial Protection Bureau relating primarily to the handling of interest refunds for certain optional products that our customers purchased, but later canceled within the first 30 days. "OneMain is pleased to resolve this matter related to our refunding practices for some optional products, even though we do not agree with the CFPB's conclusions. OneMain has agreed to issue interest refunds to the fewer than one percent of our customers who, within the last four years, received a refund of their premium or fee through a check rather than a statement credit after canceling an optional product within 30 days of purchase. OneMain provides valuable products to customers in a fair, transparent and responsible manner. We are deeply committed to our customers and doing things the right way. This resolution is consistent with our mission of improving the financial well-being of hardworking Americans. Going forward, OneMain will expand its 30-day full refund period for optional products to 60 days, ensuring all customers wishing to cancel for a full refund will have additional time to do so."
|
OMF | Hot Stocks09:47 EDT OneMain ordered by CFPB to pay $20M for deceptive sales practices - The Consumer Financial Protection Bureau has ordered installment lender OneMain Financial to pay $20M in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported "full refund period," and for deceiving borrowers about needing to purchase add-on products to receive a loan. OneMain will pay $10M in refunds to consumers it harmed, and an additional $10M penalty to the CFPB's victims relief fund. "OneMain pressured its employees to load up its loans with extra charges through false promises of easy cancellation with full refunds," said CFPB Director Rohit Chopra. "We are ordering OneMain to refund borrowers it cheated and to clean up its business practices."
|
AI | Hot Stocks09:47 EDT C3.ai falls -9.2% - C3.ai is down -9.2%, or -$4.04 to $39.91.
|
HPE | Hot Stocks09:47 EDT HP Enterprise falls -10.1% - HP Enterprise is down -10.1%, or -$1.57 to $13.95.
|
AAP | Hot Stocks09:47 EDT Advance Auto Parts falls -28.7% - Advance Auto Parts is down -28.7%, or -$32.15 to $80.05.
|
CGAU | Hot Stocks09:47 EDT Centerra Gold rises 9.0% - Centerra Gold is up 9.0%, or 49c to $5.96.
|
LL | Hot Stocks09:47 EDT LL Flooring rises 21.3% - LL Flooring is up 21.3%, or 88c to $5.02.
|
AMNA | Hot Stocks09:47 EDT Alerian Midstream Energy Index rises 1247.6% - Alerian Midstream Energy Index is up 1247.6%, or $436.98 to $472.00.
|
JNJ | Hot Stocks09:44 EDT Janssen says Tremfya showed 'sustainable improvements' in psoriatic arthritis - Johnson & Johnson's Janssen Pharmaceutical announced new data from the Phase 3b COSMOS clinical trial showing that treatment with Tremfya provided "sustainable improvements" in all minimal disease activity domains through week 48 in adults living with active psoriatic arthritis who previously had an inadequate response to one to two tumor necrosis factor inhibitors. In a separate post-hoc analysis of the Phase 3 DISCOVER-1 and DISCOVER-2b clinical trial findings, Tremfya was shown to be associated with "prompt and sustained improvements" in all identified determinants, the company added. Overall response rates at week 24 and week 48 were Psoriasis Area and Severity Index were 66.8% and 81.5%. Reference Link
|
KSCP | Hot Stocks09:41 EDT Knightscope receives two new contracts for K5 Autonomous Security Robots - Knightscope announced that it has two new contracts to deploy K5 Autonomous Security Robots. A Washington casino and a Texas multi-tenant, Class-A workspace provider are the latest to subscribe to the company's Machine-as-a-Service security solution.
|
VOCL | Hot Stocks09:36 EDT Creatd engages Turner Stone to complete audit of OG Collection - Creatd announced that it has engaged Turner, Stone & Company to conduct an audit of OG Collection Inc, a significant milestone in the company's previously announced plan to spin off the subsidiary as a special dividend to $VOCL shareholders. The audit of OG Collection, Inc. is expected to be completed by mid-June. Following the audit, Creatd has retained the services of Sichenzia Ross Ference LLP to complete the initial S-1 filing for the new security. The Company aims to have the S-1 filing effective by mid-summer, with an anticipated completion of the special dividend by early September.
|
RGA... | Hot Stocks09:35 EDT Reinsurance Group, Legal & General partner for $309M PRT transaction - Legal & General Retirement America (LGGNY) and Reinsurance Group of America, Incorporated (RGA) entered into a $309 million pension risk transfer transaction with PPG (PPG). The lift-out covers over 4,000 retirees and beneficiaries with benefits under a defined benefit pension plan sponsored by PPG. LGRA is lead administrator and will be fully responsible for the service and administration of all participants transferred as part of the lift-out.
|
SLB | Hot Stocks09:35 EDT SLB sees 'clear path' to achieving 2025 targets announced last year - By 2025, SLB expects revenue and EBITDA to grow more than 45% and 60%, respectively, vs. 2022, with earnings growth continuing to outpace the revenue growth trajectory through 2025. The company also aims to deliver an average free cash flow margin in excess of 10%. Comments taken from the Bernstein Annual Strategic Decisions Conference.
|
BYD... | Hot Stocks09:32 EDT Nevada reports April statewide gaming win up 2.77% to $1.16B - Nevada reports April Las Vegas Strip gaming win up 5.27% versus last year to $624.72M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
|
BOWL | Hot Stocks09:30 EDT Bowlero falls after announcing paying $90M to buy Lucky Strike in bowling deal - Shares of Bowlero, an operator of bowling entertainment centers, including AMF, Bowlmor Lanes, and Bowlero brand names are down 2.16% or 25c per share to $11.30 per share in the pre-market on Wednesday, after announcing it will acquire the Lucky Strike's business in an all-cash transaction valued at approximately $90M. The transaction is expected to close in the first half of Bowlero's Fiscal Year 2024. Upon completion of the transaction, Bowlero Corp. will acquire all 14 Lucky Strike bowling centers, increasing the Company's national footprint to 343 centers in 35 states. The Lucky Strike acquisition launches Bowlero into the heart of a half-dozen of the US's largest cities, including Boston, Denver, Chicago, Los Angeles, Philadelphia and San Francisco. Other locations include Bethesda, MD, Bellevue, WA, Sommerville, MA, West Nyack, NY and Honolulu, HI. The Fly notes that
|
ACIW | Hot Stocks09:30 EDT ACI Worldwide advances 3% after CEO appointment, reiteration of guidance - "While we have more work to do to fully capitalize on the opportunities ahead, we have a strong roadmap and are continuing to execute. We remain on track to achieve our previously stated guidance for revenue growth and adjusted EBITDA, and we will continue to maintain a disciplined approach to capital allocation and portfolio management. I believe we are well-positioned to build on our current momentum as we continue to enable leading corporations, fintechs, financial disruptors and merchants to drive the real-time digital transformation of payments and commerce," said management.
|
VUZI | Hot Stocks09:26 EDT Vuzix partners with TeamOpenSmartGlasses to develop ChatGPT AI applications - Vuzix announced that it has partnered with TeamOpenSmartGlasses, or TOSG, to develop ChatGPT AI applications on Vuzix smart glasses. Under development are a suite of conversation enhancement tools built for all-day wearable smart glasses. These apps improve meetings and conversations with live info that enhances user understanding of conversations for executives, technologists, academics, etc.. TOSG is a team of developers, startups, and universities developing open source smart glasses technologies to upgrade human thinking. TOSG members Cayden Pierce and Alex Israelov are leading the development of AI smart glasses tools for the Vuzix Shield smart glasses, and soon for the Vuzix Ultralite smart glasses OEM platform.
|
LPLA | Hot Stocks09:26 EDT LPL Financial: Individual Financial joins broker-dealer, RIA, custodial platform - LPL Financial LLC announced today that financial advisor Neil Pettes, CFP and the team at Individual Financial Services have returned to LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $400 million in advisory, brokerage and retirement plan assets, and joins LPL from Cambridge Investment Research, Inc. Located north of Pittsburgh in Wexford, Pa., Individual Financial Services launched in 1971 by Founding Partner Martin Mancuso with a focus on providing superior client service, approaching each relationship with integrity, trust and commitment. He understood that each client has unique financial needs, which has been a guiding principle for the firm over the past four decades.
|
VERI | Hot Stocks09:26 EDT Veritone down 8% after announcing deal to acquire Broadbean for $52.5M - The acquisition expected to be immediately accretive, generating annualized SaaS revenues of over $35M, of which over $30M is subscription-based with attractive margin.
|
VSTM | Hot Stocks09:20 EDT Verastem announces 1-for-12 reverse stock split - Verastem announced that it will effect a 1-for-12 reverse stock split of its issued and outstanding common stock. Verastem's stockholders approved an amendment to Verastem's Restated Certificate of Incorporation to effect the reverse stock split at Verastem's annual meeting of stockholders held on May 15. The reverse stock split is intended to increase the per share trading price of the Verastem's common stock to ensure Verastem will satisfy the price requirement for continued listing on the Nasdaq Global Market, and potentially attract a broader range of investors. Pursuant to the Amended Charter, the reverse stock split will become effective at 5:00 p.m. Eastern Time on May 31 and the company expects that its common stock will open for trading on June 1 on the Nasdaq Capital Market on a split-adjusted basis under the company's existing trading symbol "VSTM".
|
COSM | Hot Stocks09:18 EDT Cosmos Holdings set to join Russell Microcap Index - Cosmos Health is set to join the Russell Microcap Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.
|
WTHVF | Hot Stocks09:18 EDT Westhaven Gold announces drill results at Shovelnose Gold Property - Westhaven Gold announced 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. Gareth Thomas, Westhaven's President & CEO, stated, "Drill step-outs continue to intersect high-grade gold near surface at the Franz Zone. Drilling is planned to the northwest of these intercepts as we continue to chase this mineralization along strike. A drill is currently turning at the new and undrilled Kirton target, which is located 2 kilometres from the Zone One Trend. Westhaven's fully financed 2023 exploration program includes testing targets off the main Zone One Trend, including the Kirton, Romeo and Hydrothermal Breccia No.2 targets." Westhaven is reporting assays for 4 holes from its drill campaign at Shovelnose. An additional 6 holes are in the lab pending assays. Recent Highlights: SN23-337 : Franz: 24.95 metres of 14.66 g/t gold and 35.52 g/t silver, including 13.0m of 27.25 g/t Au and 52.44 g/t Ag, including 0.66m of 280 g/t Au and 222 g/t Ag. 15.9m of 1.49 g/t Au and 27.69 g/t Ag,including 2.0m of 6.55 g/t Au and 101.3 g/t Ag. SN22-335 : Franz: 14.33m of 1.59 g/t Au and 2.7 g/t Ag, including 1m of 16.3 g/t Au and 4.8 g/t Ag. 3.35m of 3.08 g/t Au and 3.27 g/t Ag, including 1.16m of 7.2 g/t Au and 4.29 g/t Ag. SN23-336 : Franz: 16.99m of 1.01 g/t Au and 15.94 g/t Ag, including 3.0m of 2.76 g/t Au and 40.76 g/t Ag. 4.0m of 1.71 g/t Au and 35.49 g/t Ag, including 0.74m of 6.29 g/t Au and 107 g/t Ag.
|
BSTG | Hot Stocks09:16 EDT Biostage initiates start-up activities for trialin severe esophageal disease - Biostage initiated start-up activities for its first clinical trial. The Phase 1, first-in-human study approved by the FDA will evaluate both safety and efficacy in up to ten patients requiring the removal of up to 6 cm of their esophagus at up to five hospitals in the U.S. The primary endpoint is the development of a continuous biological neo-conduit at three months following implantation.In April 2023, the Company announced a $6 Million financing to advance the clinical trial and accelerate the development of new pipeline.
|
FMX | Hot Stocks09:15 EDT Femsa to divest minority investment in Jetro Restaurant Depot - Fomento Economico Mexicano announced that consistent with its FEMSA Forward strategy as communicated on February 15, 2023, it has entered into a definitive agreement to divest its minority investment in Jetro Restaurant Depot and related entities Subject to customary closing conditions, FEMSA will receive total cash consideration of $1,400 million, with approximately $467 million payable on closing in the second quarter of 2023, and the remainder payable over two years.
|
GM | Hot Stocks09:14 EDT E-Cite says GM to manufacture suspension, safety components for EV-GT - E-Cite Motors Group, a privately held subsidiary of VaporBrands International, Inc., announced that General Motors will manufacture key components of its new EV-GT electric sportscar. Many of the key components which include certain suspension and safety features have been engineered by GM and are being produced and/or assembled in its historic Bowling Green Assembly Plant as well as other GM facilities. Replacement of parts manufactured by GM will be available through E-Cite Motors or directly from GM.
|
HMBL | Hot Stocks09:12 EDT HUMBL extends limitations for Series B Preferred Stock Conversions - HUMBL announced that its Board of Directors and Series B stockholders have approved an amendment to HUMBL's certificate of incorporation to extend the limitations on the conversions of its Series B preferred stock. These limitations include preventing the Series B holders from converting any Series B preferred stock from June 2023 through September 2023 and limiting their conversions to 500 Series B shares per month from October 2023 to June 2024. From July 2024 to December 2024, conversions will be limited to 1,000 Series B shares per month. The amendment to the certificate of incorporation will take effect on June 1, 2023. The Series B preferred shares are not registered under Section 12 of the Exchange Act. This is one of several measures that HUMBL is taking as part of its broader restructuring plan to recapitalize the company, consolidate and retire existing debt and reduce dilution. This restructuring is designed to drive shareholder value and strengthen the balance sheet of the company.
|
WYY | Hot Stocks09:11 EDT WidePoint opens two Identity & Access Management credential issuing locations - WidePoint Corporation has opened two new locations for issuing Identity & Access Management credentials. WidePoint now offers credential issuance appointments at these locations: Columbus, Ohio; Fairfax, Virginia; Hampton, Virginia.
|
RCKT | Hot Stocks09:09 EDT Rocket Pharmaceuticals up 6% after receiving EMA PRIME designation for RP-A501 - Shares of Rocket Pharmaceuticals are up $1.23 per share or 5.96% ahead of the open on Wednesday after announcing the EMA has granted Priority Medicines PRIME designation to RP-A501, the Company's investigational adeno-associated virus AAV-based gene therapy for the treatment of Danon Disease.
|
GOVX | Hot Stocks09:08 EDT GeoVax Labs partners with ABL to advance cGMP production of vaccine candidates - GeoVax Labs announced it has executed a Master Services Agreement, MSA, with Advanced Bioscience Laboratories, ABL, to support current Good Manufacturing Practices production of the company's vaccine candidates, including GEO-MVA and GEO-CM04S1. David Dodd, GeoVax's Chairman and CEO, commented "In choosing to collaborate with ABL to support the cGMP manufacturing of our multiple vaccine candidates, we have selected a partner with a strong technical and regulatory track record in process development, scale-up and GMP manufacturing of oncolytic and immunotherapeutic viral vectors. We believe ABL, as a manufacturing partner, is highly capable of assisting us in advancing our innovative product candidates, including GEO-CM04S1 and GEO-MVA, through late-stage development and towards eventual commercialization."
|
CCLD | Hot Stocks09:07 EDT CareCloud's medSR division to showcase healthcare IT consulting services - CareCloud announced that its medSR division will be attending and exhibiting in booth 410 at the highly anticipated 2023 MUSE Inspire Conference. The conference will be held from June 7-10, 2023, at the Gaylord Rockies Resort & Convention Center in Aurora, Colorado. By offering a holistic approach to healthcare technology solutions, medSR ensures that organizations receive the support they need at every stage of implementation and operation. medSR's proficiency extends across more than 100 implementations and optimizations on various MEDITECH platforms, including Expanse, Ambulatory, 6.1, 6.0, Client/Server, and MAGIC. Their comprehensive services include project management, MEDITECH READY-certified consultants, IT staffing, interim leadership, training, and activation. Their management team and professional consultants offer extensive MEDITECH and operational experience, ensuring that client objectives are met and exceeded cost-effectively.
|
SMFL | Hot Stocks09:07 EDT Smart for Life releases CEO statement on successful recapitalization - Smart for Life announced the release of a video statement by Darren Minton, CEO of Smart for Life, regarding the company's successful initiatives as it refinances its capital structure, enhances its balance sheet and utilizes the proceeds to accelerate revenue growth. "Our management team and board of directors are excited to announce this successful reorganization of our capital structure and achieving a significant transformation of our balance sheet," stated Darren Minton, CEO of Smart for Life. "Not only does this include conversion of $6 million of debt to equity and $1.2 million of deferred compensation by the executive management team and board of directors that we previously announced on Friday, but we also announced warrant exercises, resulting in a cash infusion of over $4.5 million into Smart for Life. We believe these major milestones further support our Nasdaq listing, as well as position Smart for Life for significant growth over the coming weeks and months with additional product launches and sales activity. We look forward to providing additional updates shortly on our exciting operational achievements and further news on our M&A developments in short order."
|
MARK | Hot Stocks09:06 EDT Remark Holdings wins first phase of rollout by Rio de Janeiro police department - Remark Holdings announced it has won the first phase of a rollout by the Rio De Janeiro police department to equip their existing police car fleet with license plate and facial recognition capabilities. The deployment, scheduled to be completed over the next 120 days, is a 30-month recurring revenue subscription contract valued at over $6M. The current technical due diligence period, when passed, will immediately grant additional revenue opportunities for Phase 2 and Phase 3. Remark AI partnered with iProp.Tech, a local Brazilian system integrator to execute and implement the requirements requested by the Rio De Janeiro police department.
|
CETY | Hot Stocks09:06 EDT Clean Energy secures project site through agreement with Vermont Development - Clean Energy Technologies announces a significant development in its renewable energy sector. Vermont Renewable Gas, LLC, an affiliated limited liability company of CETY, has entered into a Purchase and Sale Agreement with Northeastern Vermont Development Association to purchase 8 acres in the Saint Johnsbury/Lyndon Industrial Park. The property will serve as a site for VRG - Lyndonville, a biomass renewable energy processing facility. At the heart of this project is CETY's revolutionary high temperature ablative fast pyrolysis reactor. With an investment of $10 million, CETY will orchestrate the design, construction, and operation of this facility in Lyndonville, Vermont. This facility will convert low-grade, woody fiber sourced from local working lands into renewable fuel gas and BioChar fertilizer. Kam Mahdi, CEO of CETY, stated "This project serves as a blueprint for numerous forthcoming renewable biomass projects, and is expected to spearhead our entry into this immensely profitable and growing industry. By vertically integrating the biomass projects into our business, we are also able to grow our heat recovery business horizontally. We anticipate that our future projects will be large by orders of magnitude and have a profound impact on the environment while bringing us new sources of revenue. The expansion of our renewable energy biomass projects will further solidify our ambition to become a comprehensive solution provider for industrial and municipal-scale projects in our strategic target markets."
|
TURN SCOR | Hot Stocks09:05 EDT 180 Degree Capital discloses votes on proposals from Comscore - 180 Degree Capital (TURN) has voted its approximately 6% of outstanding common stock as follows on the proposals included in the proxy statement for the 2023 Annual Meeting of Stockholders for Comscore, Inc. (SCOR): to elect Nana Banerjee, David Kline, Kathi Love and Brian Wendling as Class I directors to serve for terms expiring at SCOR's 2026 annual meeting of stockholders, to hold office until their respective successors have been duly elected and qualified; 180 WITHHELD votes for all nominated directors to emphasize its position that SCOR's Board has not taken action for the benefit of all stakeholders of SCOR. to approve, on a non-binding advisory basis, the compensation paid to SCOR's named executive officers; 180 voted FOR this proposal. to ratify the appointment of Deloitte & Touche LLP as SCOR's independent registered public accounting firm for the fiscal year ending December 31, 2023; 180 voted FOR this proposal. to approve an amendment to SCOR's Amended and Restated 2018 Equity and Incentive Compensation Plan to increase the number of shares of SCOR's common stock, par value $0.001 per share available for grant by 10,000,000; 180 voted FOR this proposal. to adopt an amendment to the Certificate of Designations of SCOR's Series B Convertible Preferred Stock, par value $0.001 per share to permit us to pay annual dividends on the Series B Preferred Stock in the form of cash, shares of Common Stock, additional shares of Series B Preferred Stock, or a combination thereof, in each case in accordance with the amendment and as elected by members of SCOR's Board of Directors who have not been designated by, and are not affiliated with, any holder of Series B Preferred Stock, and make certain other clarifying and conforming changes to the Certificate of Designations, including with respect to intended tax treatment; 180 voted AGAINST this proposal primarily due to our opposition to the ability this proposal would provide to pay annual dividends in Series B Preferred Stock. to adopt an amendment to SCOR's Amended and Restated Certificate of Incorporation to authorize additional shares of preferred stock, par value $0.001 per share in order to permit us to issue additional shares of Series B Preferred Stock and other preferred stock and pay annual dividends in the form of Series B Preferred Stock, in accordance with the Certificate of Designations amendment and if elected by the Disinterested Directors; and 180 voted AGAINST this proposal primarily due to our opposition to the ability this proposal would provide to pay annual dividends in Series B Preferred Stock. to approve, in accordance with Nasdaq Listing Rule 5635(d), the issuance of Common Stock or Series B Preferred Stock as annual dividends on the Series B Preferred Stock, in accordance with the terms of the Certificate of Designations amendment and if elected by the Disinterested Directors. 180 voted AGAINST this proposal primarily due to our opposition to the ability this proposal would provide to pay annual dividends in Series B Preferred Stock.
|
SYF | Hot Stocks09:04 EDT Synchrony and JTV renew strategic partnership - Synchrony and JTV, the national jewelry retailer and broadcast network, announced the renewal of a strategic partnership first launched in 2018. Under the multi-year agreement, Synchrony will continue providing a private label credit card program for customers that shop with JTV online and through TV broadcasts. The renewed partnership will focus on driving growth through the digital transformation of payment solutions and data sharing to facilitate enhanced personalization.
|
NURO | Hot Stocks09:04 EDT NeuroMetrix announces clinical trial results of Quell - NeuroMetrix noted publication of an abstract describing partial results from a NIH-funded, multi-site randomized controlled trial of Quell titled "Wireless transcutaneous electric nerve stimulation for chemotherapy-induced peripheral neuropathy: A proof-of-concept, placebo-controlled, randomized clinical trial." The abstract will be published at the 2023 American Society of Clinical Oncology annual meeting to take place June 2-6 in Chicago, IL. The principal investigator is Dr. Jennifer Gewandter of the University of Rochester School of Medicine and Dentistry. The trial leveraged the National Cancer Institute Community Oncology Research Program. The study was a phase II, multi-site, double blinded, randomized, sham-controlled trial. The study authors concluded "A RCT of an app-controlled, wireless TENS device for chronic CIPN with excellent adherence and retention rates is feasible in NCORP. Preliminary efficacy evidence suggests that TENS is promising for pain and cramping from CIPN ... A confirmatory RCT of TENS for painful CIPN is highly warranted." The abstract is available at link and the study details are available at NCT04367480. "These efficacy results from a sham-controlled RCT of Quell in CIPN are exciting and consistent with an earlier published open-label study. CIPN is very difficult to manage, with no FDA approved treatments. As evidenced by its designation from the FDA as a breakthrough device for chronic CIPN, Quell offers the potential for a safe and effective treatment that can be administered at home," said Shai N. Gozani, M.D., Ph.D., President and CEO of NeuroMetrix. "We look forward to obtaining further details on the trial results over the coming months and will correspondingly finalize our regulatory strategy, potentially to include a near term regulatory submission for a Quell CIPN indication. We are also enthusiastic about continuing to support Dr. Gewandter and her colleagues at NCORP as they pursue a confirmatory trial that further investigates the clinical benefits of Quell in CIPN."
|
VZ | Hot Stocks09:03 EDT Verizon lands $145.7M digital modernization contract with USPS - Verizon Business today announced a 10-year contract worth up to $145,700,000 with the United States Postal Service, USPS. The award builds on Verizon's existing technology and positions Verizon as the USPS' key strategic contact center and customer experience partner. Under the terms of the agreement, Verizon will deliver a number of infrastructure upgrades, including a transition to cloud solutions supported by real-time reporting, monitoring and administration, as well as ongoing physical infrastructure enhancements for host servers, storage arrays, and other equipment. Verizon's solutions will help eliminate the need for premise infrastructure, software licenses, or hardware, thereby reducing the burden on USPS' IT personnel and lowering operational costs. Verizon's technology solutions will deliver an agile, robust, scalable, and flexible infrastructure that will provide significant business value in the near term and prepare USPS strategically for the future "Working with our USPS partners, Verizon will bring our Network as a Service offering to life, making their customer service network smarter and to make the customer support systems run more efficiently," said Maggie Hallbach, Senior Vice President of Verizon Public Sector and President of Verizon Frontline. "It's no secret, today's consumers expect immediate, personalized support. That's a very high bar when you're serving tens of millions of customers. Our digital solutions will relieve some of that administrative burden so USPS can focus on providing an invaluable service for our country."
|
CAH | Hot Stocks09:02 EDT Cardinal Health launches payment solutions powered by Square - Cardinal Health launched modern payment solutions, powered by Square, to help independent pharmacies increase operational efficiency, stay current with customer payment preferences, and access integrated software tools for their business. An in-store payment solution, Modern Payments Processing, that runs on Square Terminal hardware and enables pharmacies to offer patient payment flexibility in the store or in the field, privacy, and compliance. Additional pharmacy management systems can also seamlessly integrate with Square's Terminal API to offer pharmacies an end-to-end payment solution.
|
DTGI MEOA | Hot Stocks09:02 EDT Digerati Technologies postpones special meeting of shareholders - Digerati Technologies filed a definitive proxy statement with respect to a special meeting of its stockholders to be held on Thursday, May 25, 2023 at 11:00 a.m. EDT to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among Digerati, Minority Equality Opportunities Acquisition Inc., a Delaware corporation and MEOA Merger Sub, Inc., and the business combination contemplated thereby. On May 24, 2023, Digerati determined to postpone the Special Meeting until 11:00 a.m. EDT on Friday, May 26, 2023. On May 25, 2023, Digerati determined to further postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023. On May 30, 2023, Digerati determined to further postpone the Special Meeting until a date, on or prior to June 12, 2023, to be determined by Digerati. At such time as the date and time of the Special Meeting, as postponed, is determined, Digerati shall issue, at least 48 hours in advance, a press release and file a Current Report on Form 8-K providing such information to its stockholders.
|
ECX | Hot Stocks09:02 EDT Ecarx announces mass production of intelligent cockpit for Changan Mazda - ECARX announced the mass production of intelligent cockpit product customized for Changan Mazda on its CX-50 model, based on ECARX's E02 intelligent cockpit computing platform. Over 770,000 units of ECARX E02 intelligent cockpit computing platform have been produced and equipped on 26 vehicle models from various OEM brands. ECARX E02 intelligent cockpit computing platform has obtained comprehensive certifications of quality safety management system, including the AEC-Q104 auto-grade qualification, meeting clients' high quality demand, consolidating highly efficient SoC, 4G communication module and power management chips inside, and helping clients significantly reduce required components, simplify supply chain, as well as lower development difficulty and manufacturing costs, as compared with single chip product.
|
AKBA | Hot Stocks08:59 EDT Akebia jumps 16% to $1.11 after Piper upgrades, doubles target
|
SM | Hot Stocks08:59 EDT SM Energy appoints Julio Quintana as Chairman of the Board of Directors - SM Energy announced that, consistent with the succession plans previously disclosed in the Company's proxy statement, the Board of Directors of the Company has appointed Julio Quintana as Chairman of the Board of Directors. Quintana has been a director of the Company since 2006. Quintana replaces William Sullivan as Chairman, who has served as a Director since 2004 and Chairman since 2009. Sullivan will continue as a Director of the Company. As a result of this change, the Company updates participation on certain Board Committees as follows: Mr. Quintana will resign from the Board Committees on which he currently serves; Mr. Sullivan will join the Environmental, Social and Governance Committee and the Compensation Committee; and Carla Bailo will assume the role of Chairperson of the Environmental, Social and Governance Committee.
|
TENX | Hot Stocks08:55 EDT Tenax Therapeutics announces notice of allowance for U.S. patent - Tenax Therapeutics announced that it has received a Notice of Allowance from the United States Patent and Trademark Office for its patent application with claims covering the use of TNX-103, oral levosimendan, titled: "LEVOSIMENDAN FOR TREATING PULMONARY HYPERTENSION WITH HEART FAILURE WITH PRESERVED EJECTION FRACTION". The patent, once granted, will have a patent term through December 2040. It will provide the Company with substantial added intellectual property protection in the United States; Tenax will now have secured IP rights surrounding the use of oral, subcutaneous, and intravenous administration of levosimendan for the treatment of PH-HFpEF. The patent covering the use of oral levosimendan for the treatment of PH-HFpEF is based on key discoveries from the HELP Study, in which levosimendan-treated PH-HFpEF patients benefited from a statistically significant improvement in 6-minute walk distance of 29 meters when compared with placebo. When transitioning to the oral daily formulation after a lengthy treatment with the weekly IV formulation, the 6-minute walk results improved further.
|
QTEK | Hot Stocks08:54 EDT QualTek Services receives delisting notification from Nasdaq - QualTek Services announced that it was notified by the Listing Qualifications Department of Nasdaq that Nasdaq had determined to delist the company's common stock as a result of the company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq informed the company that trading in the company's common stock would be suspended at the opening of business on June 2.
|
BREA | Hot Stocks08:51 EDT Brera Holdings to inject growth capital into North Macedonia team - Brera Holdings plans to inject growth capital into its newly acquired team in North Macedonia aimed at developing and strengthening the team's football activities in the 2023-24 season. Fudbalski Klub Akademija Pandev, which is in the process of being renamed Brera Strumica, ended the 2022-23 season in the second half of the First Division. Through Brera Holdings' plan for the 2023-24 season, Brera Strumica is aiming to place in the top three of the North Macedonian First Division. Finishing in the top three would qualify Brera Strumica for UEFA competitions - a goal recently achieved by the club - with potential appearance fees and competition prizes ranging from $250,000 to $15 million. The structure of Brera Strumica's sporting and technical staff and the composition of the player roster are currently being reviewed, defined and financed.
|
AREC | Hot Stocks08:44 EDT ReElement signs lithium offtake, partnership agreements with ALE - American Resources subsidiary, ReElement Technologies signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles. The partnership between ReElement Technologies and ALE initially targets the following key agreements: An offtake agreement between ReElement Technologies and ALE whereby ReElement Technologies will supply ALE high-purity, battery-grade lithium and other key minerals that will be used by ALE's suppliers to provide ALE domestically sourced material for their battery manufacturing process. A supply agreement where ALE will provide ReElement Technologies feedstocks such as end-of-life batteries, non-spec cells and manufacturing scrap to be used by ReElement Technologies in their patented chromatography process for refining back into ultra-high pure, battery-grade minerals at both ReElement Technologies' currently operating and planned facilities, and other locations identified between the parties. Co-locating each company's respective operations directly alongside the others creating a seamless and sustainable production line where ReElement Technologies will place its refining operations alongside ALE's, providing a method of recycling waste and end-of-life materials directly back into ALE's battery manufacturing process. Due to the highly favorable environmental and permitting aspects of ReElement Technologies' modular refining capacity, the Company can efficiently locate its production lines alongside almost any facility with minimal incremental cost to its partner. Concurrent with the partnerships, American Resources and affiliates will invest up to $3,000,000 into ALE as a lead investor in a capital raise conducted by ALE to help accelerate the company's production expansion and product innovation.
|
PCT | Hot Stocks08:41 EDT PureCycle Technologies finalizes financing plan with AEDA - PureCycle Technologies received approval from the Development Authority of Augusta, GA to proceed to closing on the project site in Augusta, Georgia. This will allow PureCycle to begin development activities for its polypropylene purification facility. The AEDA approval confirms and preserves financial and tax incentives offered for the development. PureCycle CEO Dustin Olson commented, "We're excited for PureCycle to expand and Augusta is the perfect home for our second purification complex. This approval is the result of several months of hard work to secure the funding required for at least one purification line and close collaboration with the local community." He added, "PureCycle is extremely grateful to the AEDA for their ongoing support to help bring PureCycle's sustainable solution to the world." Located at the Augusta Corporate Park, PureCycle's Augusta facility will begin as a single-line facility with the capability of expanding to eight total purification lines. Fully completed, these eight purification lines are expected to produce approximately one billion pounds of PureCycle's ultra-pure recycled resin. Preparation for the modular construction of the Augusta project has already begun and equipment has started to arrive onsite at Gulfspan's Beaumont, Texas facilities.
|
PET | Hot Stocks08:41 EDT Wag! Group set to join Russell Microcap Index June 26 - Wag! is set to join the Russell Microcap Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. "We're honored to have been identified by Russell to join their ecosystem of Indexes and to be included in the index in 2023," said Wag! CFO, Alec Davidian. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1T in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
|
VSAC | Hot Stocks08:40 EDT Mekorot, Watersight expand partnership with AquaRing deployment - Mekorot and Watersight LTD, a joint venture company of Mekorot and Newsight Imaging, announced the planned installation of the AquaRing system at new locations in Israel, targeting additional Mekorot water monitoring stations. Watersight's patent-pending AquaRing is based on the game-changing spectral chips developed by Newsight, powered by Machine Learning and AI, and supported by a cloud-based dashboard. The device provides an advanced Real-Time, IoT monitoring solution that provides alerts based on water conditions. From source to tap, inlet to outlet, Watersight's solution is fast, smart, and scalable at a market-leading price. The AquaRing pilot program was launched in November 2022, and has since attracted some of the leading U.S and Europe water and beverage industry companies. The pilot program's positive results have led Mekorot and Watersight to expand AquaRing installations with early product deployments at additional Mekorot remote locations in northern Israel.
|
IDAI | Hot Stocks08:40 EDT Trust Stamp announces notice of allowance for new U.S. patent - Trust Stamp announced that it has received a Notice of Allowance for an additional patent by the United States Patent and Trademark Office. This Notice of Allowance follows an previous patent allowance announced earlier this month. The patent titled, "Systems and Methods for Identity Verification via Third-Party Account," uses a proprietary process to establish control of one or more third-party accounts as a primary or secondary identity authentication factor and is intended to complement Trust Stamp's AI-generated Irreversibly Transformed Identity Token technology. Andrew Gowasack, Trust Stamp's President, commented, "With fraudulent transactions increasing at an alarming rate, multi-factor authentication is critical for all types of digital transactions. Trust Stamp provides not only a biometric-based privacy-first solution with the IT2 and Biometric Multi-Factor Authentication process, but also a suite of non-biometric tools to complement the IT2. This patent addresses our ability to utilize evidence of the user's control of third-party accounts, including social-media accounts, for identity authentication."
|
SNAL | Hot Stocks08:39 EDT Snail announces application of AIGC in game development - Snail announced its successful application of Artificial Intelligence Generative Content in game development. As AI technology continues to make rapid strides, the gaming industry, characterized by its integration of words, graphics, animations, videos, and a variety of digital assets, has emerged as one of the early adopters of this game-changing technology. The high compatibility of AIGC with the gaming sector has introduced new opportunities and challenges, driving innovation and growth within the industry. Snail has been actively exploring AIGC applications. AIGC has played a significant role in expediting production and assisting development in various aspects, including concept creation, art design, music, voice acting, intelligent NPCs, storylines, and world-building. The application of AIGC fosters innovation and rejuvenation in games. Snail believes that the advanced technology of AIGC enables game designers to create more detailed, diverse game worlds, enhancing game quality and user experience while unlocking greater potential for gameplay and generating increased commercial value for the Company. For example, AI is expected to drive unlimited content generation in Snail's Metaverse gaming project, combined with Snail's independently developed 3D engine, Flexi. Transitioning from User Generated Content to AIGC, AIGC technology can significantly enrich game content and provide a broader variety of gameplay options and attractiveness, increasing players' engagement and stickiness.
|
EGHT | Hot Stocks08:39 EDT 8x8 appoints Samuel Wilson as CEO and board member effective May 26 - 8x8 announced the appointment of Samuel Wilson as the company's Chief Executive Officer and a member of the Company's Board of Directors, effective May 26. Wilson has served as interim CEO since November 2022, while the Board conducted an extensive search.8x8 Appoints Samuel Wilson as CEO. "Sam's performance during his tenure as interim CEO has been outstanding and made him the clear choice for CEO," said Jaswinder Pal Singh, Chairman of the Board at 8x8. "He has demonstrated remarkable leadership skills, a deep understanding of the industry, and a clear vision for the future of 8x8. He has a deep commitment to delivering shareholder value and we have full confidence that he is the right person to lead the company into its next phase of growth and success."
|
SOPA | Hot Stocks08:39 EDT Thoughtful Media Group announces acquisition of Newave - Thoughtful Media, the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated, announces the acquisition of Newave, the go-to advertising platform for nano and micro influencers in the Indonesian social media scene. Newave's +10,000 influencers on its talent roster turbocharges TMG's social commerce advertising business in both Indonesia and SEA. Pamela Aw-Young, TMG Vice-Chairman, exclaims, "TMG is ecstatic to welcome Newave onto our ever-expanding TMG regional platform. By merging Newave's dominant position in the nano and micro influencer space with TMG's social commerce focused ecosystem, we provide additional channels for regional and local brands to market their products and services. Since our parent company, SoPa, acquired TMG in July 2022, TMG has grown from strength to strength with headcount growing from a dozen professionals to over 60 staff in just under a year. We look to triple our revenues year-on-year in 2023. As we enter Philippines, Singapore, and Malaysia markets in 2H 2023, TMG is uniquely positioned to be the premier SEA regional digital advertising agency offering a significant value proposition for advertisers, merchants and influencers in SEA's biggest economy."
|
BABYF | Hot Stocks08:38 EDT Else Nutrition expands distribution to over 900 locations in Canada - ELSE NUTRITION HOLDINGS expanded its distribution in the Canadian market with Canada's largest pharmacy, on the shelf at over 900 locations across 11 provinces and territories. The national rollout in late May 2023 will focus on Else Toddler Formula, the highest-ranked seller within Else Nutrition's portfolio. This marks a major milestone for Else Nutrition, which launched formally in Canada in August 2022. Canadian consumers will now be able to find Else's plant-based Toddler Formula, now widely distributed in another one of Canada's core retailers, this time within the Canadian National Drug Channel.
|
TOMZ | Hot Stocks08:37 EDT Tomi Environmental announces U.S. DoD validates SteraMist iHP efficacy - TOMI Environmental Solutions announced the completion of a study conducted in accordance with the U.S. Department of Defense, DoD, Biological Select Agents and Toxins, BSAT, Biorisk Program Office, BBPO, which demonstrated SteraMist iHP as an effective technology for decontamination of biological toxoids. The study aimed to determine if biological toxins can be decontaminated by iHP at a shorter exposure time as compared to Vaporized Hydrogen Peroxide. The study utilized a SteraMist Select Surface Unit, a fully portable, robust, decontamination unit, capable of biological remediation via both direct spray application and small space automated fogging, along with TOMI's Binary Ionization Technology solution. The two material types tested were stainless steel and polycarbonate Lexan, while the toxoids investigated were: Ricin A chain toxoid; Staphylococcus enterotoxin B toxoid,; Clostridium botulinum type A toxin complex toxoid. The findings confirmed the efficacy of iHP as an effective method for decontaminating biological toxoids in accordance with BBPO guidelines and indicated that iHP may offer a quicker decontamination process for ricin compared to VHP sterilization. Furthermore, no signs of material deterioration or degradation were observed.
|
HON | Hot Stocks08:37 EDT Honeywell: Q2 on track, 'confident' in FY outlook - Comments taken from the Morgan Stanley Captains of Industry Summit.
|
MMMB | Hot Stocks08:37 EDT MamaMancini's to launch Mama's Creations deli foods platform brand - MamaMancini's Holdings announced the launch of Mama's Creations, a new international deli foods platform brand, at IDDBA 2023 taking place June 4-6, 2023 in Anaheim, California. Mama's Creations is a new platform brand in the MamaMancini's portfolio, serving to broaden the Company's product offering and enable entry into the branded prepared foods space for international cuisine -examples of new products being launched under the Mama's Creations family of brands include General Tso's Chicken, vegetarian Chana Masala, Beef Fajitas, Korean-Inspired Meatballs and more.
|
BP HON | Hot Stocks08:36 EDT BP selects Honeywell's Ecofining technology to support production of SAF - Honeywell (HON) announced that bp (BP) selected Honeywell's Ecofining technology to help support the production of sustainable aviation fuel at five bp facilities across the globe. Honeywell UOP Ecofining technology will be installed at the following bp sites: Cherry Point refinery in Blaine, Washington; Rotterdam II refinery in Rotterdam, Netherlands; Lingen refinery in Lower Saxony, Germany; Castellon de la Plana refinery in Castellon, Spain and Kwinana Oil refinery in Kwinana, Australia.
|
ASND | Hot Stocks08:35 EDT Ascendis Pharma announces oncology program update - Ascendis Pharma will host an investor meeting highlighting the latest developments in the Company's Oncology programs, including clinical data updates and a review of clinical development strategy for the Company's two immuno-oncology product candidates, TransCon TLR7/8 Agonist and TransCon IL-2 beta/gamma. Both are designed to recruit innate and adaptive components of the immune system to maximize anti-cancer activity while reducing dose-limiting toxicities. TransCon IL-2 beta/gamma program update from the Phase 1/2 IL-Believe Trial: Phase 1 monotherapy dose escalation complete; 25 heavily pre-treated patients enrolled. 120 microgram/kg IV every three weeks selected as monotherapy recommended Phase 2 dose. Eight monotherapy patients dosed at RP2D; of the three efficacy evaluable patients to date, one partial response in a metastatic colorectal cancer patient, and one stable disease in a renal cell carcinoma patient. At RP2D, TransCon IL-2 beta/gamma was generally well-tolerated with no DLT observed, no vascular leak syndrome and no grade 3 or 4 cytokine release syndrome. As designed, the non-alpha TransCon IL-2 beta/gamma expanded local and systemic cytotoxic immune effector cells without clear effect on Tregs and eosinophils. RP2D for combination therapy with checkpoint inhibitor dose escalation data expected in the third quarter of 2023 and will be presented at a scientific congress in the fourth quarter. Enrollment continues in indication-specific cohorts for the Phase 2 portion of the IL-Believe trial. TransCon TLR7/8 Agonist program update from the Phase 1/2 transcendIT-101 Trial: Additional follow-up indicates further clinical activity in patients receiving TransCon TLR7/8 Agonist as monotherapy or in combination with pembrolizumab. Results supporting selection of RP2D from transcendIT-101 were first reported at SITC 2022 last November. Preliminary results showed that TransCon TLR7/8 Agonist was well-tolerated both as a monotherapy and in combination with pembrolizumab. Enrollment continues in the Phase 2 portion of transcendIT-101 at the RP2D of 0.5 mg/lesion for up to two lesions, which is being evaluated in four indication-specific cohorts.
|
LWLG | Hot Stocks08:34 EDT Lightwave Logic awarded patent for nonlinear optical chromophores - Lightwave Logic announced the issuance of a U.S. patent for an advanced chemical structural design that enhances the overall performance of non-linear organic optical chromophores using a novel thiophene bridge. The patent - entitled "Nonlinear Optical Chromophores, Nonlinear Optical Materials Containing the Same, and Uses Thereof in Optical Devices" details an innovative organic chromophore design using a novel 'thiophene bridge' to significantly improve material performance in a production environment. This is accomplished by designing thiophene-containing bridging groups that are positioned between the electron-donating and electron-accepting ends of the chromophore. These designs provide nonlinear optical chromophores with significantly improved optical properties and improved stability.
|
JEWL | Hot Stocks08:34 EDT Adamas One acquires minority stake in NexGenAI Solutions Group - Adamas One announces the acquisition of a 9.99 equity stake in NexGenAI Solutions Group, which, through its subsidiaries and affiliate entities, offers AI-driven solutions aimed at revolutionizing business operations across various sectors. As part of the all-stock transaction, Adamas will receive access to NexGenAI's AI-driven solutions, which will help the Company streamline a number of its manufacturing, marketing, branding and communications processes. Adamas expects this partnership to help improve manufacturing output volume, create and manufacture new jewelry designs in its high-end Elle Jolie line and help streamline marketing activities that range from simple AI-driven communications on the Company's website to spearheading targeted marketing campaigns.
|
MBOT | Hot Stocks08:34 EDT Microbot Medical announces LIBERTY Robotic Surgical System achieves milestone - Microbot Medical announces that an additional milestone was achieved when medical professionals experienced the Company's LIBERTY Robotic Surgical System as part of a formative study. The study was designed to enable medical professionals, including physicians and Cath-lab technicians, to use and experience LIBERTY in a real-use simulated environment. The study was performed and managed by experts from a company specializing in conducting Human Factors and Usability Engineering tests of medical devices. The study included five teams, each consisting of an interventional radiologist and a Cath-Lab technician and simulated the expected clinical setup and use of the LIBERTY Robotic Surgical System. All participants were successfully trained on the system prior to their participation and the study validated that the LIBERTY Robotic Surgical System operation and setup are intuitive. "Educating and establishing close relationships with our target audience enables the Company to gain valuable feedback and increase awareness to our unique system. In parallel to our regulatory and pre-clinical efforts, we invest in receiving endorsements from leading experts and institutes which we believe will allow us to leverage our path to the clinical stages and later on to the market," commented Eyal Morag, Chief Medical Officer.
|
FRO | Hot Stocks08:33 EDT Frontline down 7% in pre-market trading at $13.97 after Q1 earnings miss
|
CMPS | Hot Stocks08:32 EDT Compass Pathways' co-founder Malievskaia to step down as CIO - COMPASS Pathway announced that Co-founder and Chief Innovation Officer, CIO, Dr. Ekaterina Malievskaia will step down from her executive role effective June 16, 2023. She will remain a member of the COMPASS Pathways Board of Directors, while her executive responsibilities will be carried forward by the existing executive team. Together with George Goldsmith and Lars Wilde, Katya co-founded COMPASS Pathways in 2017, determined to bring much needed innovation to the field of mental health care.
|
LYB | Hot Stocks08:31 EDT LyondellBasell to delay refining business exit to Q1 of FY25 - LyondellBasell announced plans to delay its refining business exit from year-end 2023 to no later than the end of the Q1 of 2025. Favorable inspections and consistent performance have given the company confidence to continue safe and reliable operations at the Houston site. LyondellBasell anticipates moderate maintenance spend to support this extension in 2023 and 2024 but remains committed to ceasing operation of its oil refining business. The extension will minimize workforce impacts as the company continues to develop future options for the site and will enable a smoother transition between the shutdown and the implementation of the retrofitting and circular projects. Multiple options are being evaluated including recycled and renewable-based feedstocks and green and blue hydrogen. The growth projects under development would connect to existing assets in the Houston area and use existing infrastructure on the refining site including hydrotreaters, pipelines, tanks, utilities, buildings, and laboratories. In the future, LyondellBasell expects the 700-acre refining site will be part of a Houston regional hub for its Circular and Low Carbon Solutions business and support the growth of the LyondellBasell Circulen product portfolio.
|
CAR | Hot Stocks08:29 EDT Avis Budget jumps 4% to $170 in pre-market after Deutsche Bank upgrade
|
EVLV | Hot Stocks08:29 EDT Evolv in pact with Ricoh USA to expand customer service program at company - Evolv Technology has announced a partnership with Ricoh USA, a global service delivery organizations, to expand Evolv's customer service program. The partnership comes in support of recent company growth as Evolv continues to partner with venues throughout North America to help create safer places for people to live, work, learn, and play. With an increasing customer base reflecting the demand for Evolv's advanced screening solution, Evolv remains dedicated to world-class service to meet customer needs. The new support and service partnership will leverage Ricoh's well-established and comprehensive Service Advantage program to extend Evolv's coverage, capacity and capability to provide better, faster service for the more than 600 current customers and future venues secured by Evolv.
|
WFC | Hot Stocks08:27 EDT Wells Fargo has seen outsize card spend relative to outlays, says CEO
|
CRL | Hot Stocks08:27 EDT Charles River and Wheeler Bio in pact to implement RightSource - Charles River Laboratories and Wheeler Bio a contract development and manufacturing organization CDMO, announced an agreement to implement RightSource at Wheeler Bio's current good manufacturing practice CGMP biologics manufacturing facility in Oklahoma City, OK. Deployed on-site at a client's facility, RightSource is a flexible biologics testing lab operated and managed by Charles River, making fast, reliable quality control more accessible to a broader reach of companies. Through this model, Charles River, in close collaboration with Wheeler, will set up a CGMP testing lab, on-site at Wheeler's facility. This platform-based satellite lab will be operated by Charles River employees who will utilize Charles River's quality management systems, test methods, and standard operating procedures to support all QC testing needs for Wheeler and its third-party clients.
|
WFC | Hot Stocks08:26 EDT Wells Fargo CEO: 'Good decision' to focus on credit card business
|
WFC | Hot Stocks08:24 EDT Wells Fargo focused on diversifying trading business, says CEO
|
WFC | Hot Stocks08:24 EDT Wells Fargo CEO: Fees at investment bank lower than at competitors
|
WFC | Hot Stocks08:22 EDT Wells Fargo sees higher rates for longer, says CEO Scharf
|
WFC | Hot Stocks08:22 EDT Wells Fargo hasn't seen major changes in deposits, says CEO Scharf
|
WFC | Hot Stocks08:21 EDT Wells Fargo CEO: Credit quality remains strong - Comments taken from the Bernstein 39th Annual Strategic Decisions Conference.
|
FFIE | Hot Stocks08:20 EDT Faraday Future debuts all-ability aiHypercar, FF 91 2.0 Futurist Alliance - Faraday Future Intelligent Electric, a California-based global shared intelligent electric mobility ecosystem company, unveiled its "FF 91 Final Launch & Faraday Future 2.0 Event." The Company announced product upgrades since the FF 91's introduction six years ago leading into the 2.0 era of mobility and officially unveiled the release of the silicon-based new species, the FF 91 2.0 Futurist Alliance and the FF 91 2.0 Futurist. FF announced that the first phase of the Company's three phase delivery plan will commence on May 31st. A Co-creation event for the first group of industry expert users will be held on June 6. In this first phase, the Industry Expert FPO(s) will pay in full for an FF 91 vehicle in order to reserve the vehicle and be trained in the use of the vehicle. The Industry Expert FPO(s) will take possession of the reserved FF 91 vehicle at the beginning of the second phase of delivery. The FF 91 2.0 Futurist Alliance is priced at U.S MSRP of $309,000 and is currently limited to 300 units globally. Users can preorder on ff.com and FF App, where you can find the prices of the FF 91 Futurist and the FF 91. The Company also launched its mobile ecosystem product, "FF aiHypercar+," will be available for an annual subscription price of $14,900 both in the U.S. and China with the price of $100 for pre-orders.
|
DRTT | Hot Stocks08:18 EDT Dirtt announces results from annual, special meeting of shareholders - DIRTT Environmental Solutions announces the results of its annual and special meeting of shareholders held on May 30, 2023. The votes were tallied for the election of directors. All other matters voted on by shareholders were also approved. DIRTT also announced the departure of Mark Greffen, DIRTT's Chief Technology Officer. After careful consideration, Greffen has decided to pursue new opportunities and prioritize spending more time with his family, leading to his departure from DIRTT effective June 8, 2023. Concurrently, James Mulawyshyn, a seasoned DIRTT veteran with 14 years of experience and currently serving as Vice President, Technology, will assume the position of Senior Vice President, Technology.
|
VXRT | Hot Stocks08:17 EDT Vaxart launches new investor communication program - Vaxart announced it is launching an investor communication program that will give investors the ability to ask questions of Company management. The first event will be a fireside chat with Vaxart executives on Thursday, June 15 at 11 a.m. ET.
|
JETMF | Hot Stocks08:16 EDT Global Crossing Airlines names Top Flight Charters as Collegiate Charter Broker - Global Crossing Airlines Group has appointed Top Flight Charters, led by Ryan Dohmen, as its exclusive Collegiate Charter Broker for the 2023/2024 season, committing 5 A320s in various configurations, including 2 All VIP 68 seat all business class aircraft.
|
ACIW | Hot Stocks08:16 EDT ACI Worldwide appoints Thomas Warsop as President CEO - ACI Worldwide announced that its Board of Directors has appointed Thomas Warsop as President and Chief Executive Officer, effective June 1. Warsop, a seasoned executive and financial services technology expert, has served as Interim President and CEO since November 2022. He will also continue to serve on the ACI Board, where he has been a director since 2015. Adalio Sanchez will continue as non-executive Chair of the Board. "Since joining ACI eight years ago as a member of our Board, and as Interim President and CEO over the last six months, Tom has been instrumental in the refinement and execution of our strategic initiatives," Sanchez said. "After conducting a thorough search process, and given Tom's strong management skills, considerable expertise in financial services technology, and deep knowledge of ACI's business, strategic plan and opportunities to enhance value, the Board is confident he is the right person to continue leading our organization forward."
|
PBLA | Hot Stocks08:16 EDT Panbela Therapeutics announces 1-for-30 reverse stock split - Panbela Therapeutics announced that it will implement the previously announced and stockholder approved 1-for-30 reverse split of its common stock. The reverse stock split will be effective as of the morning of June 1, 2023, and the company's common stock will trade on a post-split basis at the beginning of trading on the same date under the existing trading symbol "PBLA." The CUSIP number for the common stock following the reverse stock split will be 69833W305. The reverse stock split is primarily intended to increase the market price per share of the company's common stock to regain compliance with the continued listing requirements of The Nasdaq Capital Market.
|
SDC | Hot Stocks08:15 EDT SmileDirectClub announces U.S. launch of patented SmileMaker platform - SmileDirectClub announced the U.S. launch of its innovative SmileMaker Platform, expanding its patented technology to its largest market. "The U.S. launch of SmileMaker Platform marks a milestone in SmileDirectClub's commitment to be on the leading edge of innovation in oral care technology," said David Katzman, CEO and Chairman, SmileDirectClub. "The patented SmileMaker Platform integrates AI diagnostics and analysis into telehealth and leverages the convenience and accessibility of a mobile device, all through industry-first technology that makes it easier than ever for consumers to begin their Smile Journey and get a smile they love."
|
CLDX | Hot Stocks08:14 EDT Celldex announces first patient dosed in Phase 1 study of CDX-585 - Celldex Therapeutics announced that the first patient has been dosed in a Phase 1 study of CDX-585. CDX-585 combines highly active PD-1 blockade with anti-ILT4 blockade to overcome immunosuppressive signals in T cells and myeloid cells. Celldex plans to develop CDX-585 for the treatment of solid tumors either as monotherapy or in combination with other oncologic treatments. CDX-585 is the first compound from Celldex's research and collaboration agreement with Biosion, Inc. and combines Celldex's ILT4 mAb with Biosion's PD-1 mAb. "We are excited to advance CDX-585 into clinical development as we continue to build our experience with our bispecific platform," said Diane C. Young, M.D, Senior Vice President and Chief Medical Officer of Celldex Therapeutics. "Targeting both myeloid and T cell checkpoints with a bispecific is a novel approach that we believe could provide benefit for patients that are either refractory to or not likely to benefit from PD-1 blockade alone."
|
DARE | Hot Stocks08:13 EDT Dare Bioscience publishes results of patient centered study on FSAD - Dare Bioscience announced the publication of results of the patient-centered study designed to elucidate the commonly reported symptoms, including severity of symptoms, associated with female sexual arousal disorder, FSAD. The publication, "Symptoms and associated impact in pre-and postmenopausal women with sexual arousal disorder: a concept elicitation study," appears in The Journal of Sexual Medicine. The concept elicitation study, also referred to as a content validity study, to explore the experience of condition-associated symptoms and the relative importance of FSAD symptoms, including their severity, bother, and impact, on participants' health-related quality of life in pre- and postmenopausal women with FSAD was completed prior to commencement of the exploratory Phase 2b RESPOND clinical study of Sildenafil Cream, topline data for which are anticipated during 2Q-2023. The content validity study included in-depth, qualitative, semi-structured concept elicitation interviews with premenopausal and postmenopausal women who were clinically diagnosed with FSAD by a trained sexual medicine clinician. The qualitative data from the interviews revealed a substantial physical and emotional burden of FSAD. The symptoms and impacts of this condition underscore the need for FDA-approved treatment options for pre- and postmenopausal women with FSAD. Results from this study also suggest that the manifestation and experience of FSAD are similar in pre- and postmenopausal women and that the unmet need for an FSAD treatment in the postmenopausal population is just as great as that of the premenopausal population.
|
AQST | Hot Stocks08:12 EDT Aquestive Therapeutics reports results from studies on Anaphylm, auto-injectors - Aquestive Therapeutics released topline clinical data from recent pilot studies that were completed following the End-of-Phase 2 meeting with the FDA. The studies included examining differences in pharmacokinetic results based on changes to administration instructions, additional repeat dose data on Anaphylm, and the differences between approved auto-injectors. Single Administration Pilot PK Study: The Company recently completed a single dose PK study of Anaphylm 12mg in healthy subjects with revised administration instructions. Anaphylm was applied to the sublingual mucosa and held in place until dissolved with no prescribed salivary hold time. Importantly, Anaphylm's epinephrine levels were significantly higher than epinephrine levels from the epinephrine 0.3mg manual injection from previous study data, at all timepoints within the first 10 minutes following dosing. Based on interactions with the FDA, the Company continues to believe that similarity to approved auto-injectors during the first 10 minutes following administration is preferred. All but one of the subjects receiving Anaphylm exceeded epinephrine concentrations of 100pg/mL by 15 minutes following dosing. Pilot Crossover PK Study Comparing Different Auto-injectors and Epinephrine 0.3mg Manual Injection, Including a Repeat Dose of Anaphylm: Given that manual epinephrine injections are rarely used outside of a clinical office setting, the Company conducted a pilot PK study to compare three different auto-injectors to the 0.3mg manual injection. The geometric mean Cmax levels for EpiPen, generic epinephrine auto-injector, and Auvi-Q were 628, 573, and 646pg/mL, respectively, while the median Tmax times were 10, 15, and 30 minutes, respectively. As a comparison in the same study, the geometric mean Cmax level for epinephrine 0.3mg manual injection was 344pg/mL with a median Tmax of 50 minutes. In another arm of this study, the Company also completed a repeat dose study with subjects given a second dose 25 minutes after the initial dose. Importantly, minimal administration instructions were utilized potentially simulating non-compliance to Anaphylm's expected administration instructions. Cmax and overall exposure were comparable to the auto-injectors demonstrating that a second dose of Anaphylm can be used effectively at a later time period, as needed. There were no significant adverse events reported during any arms of this study.
|
REED | Hot Stocks08:12 EDT Reed's closes $5.6M financing transactions - Reed's announced it has closed a series of financing transactions for an aggregate of $5.6 million. Reed's closed a $4.1 million PIPE issuance led by D&D Source of Life Holding. As part of D&D's strategic investment, the Company and D&D entered into an alliance to import innovative beverage products into the US market, as well as to export Reed's robust portfolio of better-for-you products into Asia. The Company's largest shareholder, Union Square Park Capital Management, and John Bello, Chairman of the Board, also participated in the PIPE transaction. The purchase price per share was $2.585, which is based on a premium of 10% to the average of the bid and ask prices on May 19, 2023. In addition, the Company has issued warrants to purchase one share of common stock for every five shares subscribed. The warrants have an exercise price of $2.50 and a term of three years. In addition, the holders of Reed's secured convertible notes augmented their current bridge note by $1.5 million and extended the repayment date to September 29, 2023, subject to certain conditions. As part of the bridge financing, the holders also waived certain covenants. Reed's plans to use the aggregate gross proceeds of approximately $5.6 million, before deducting fees associated with the transactions payable by Reed's, for building inventory and general working capital and general corporate purposes.
|
BMBL | Hot Stocks08:11 EDT Bumble discloses resignation of President Tariq Shaukat - Bumble disclosed last night that on May 23, Tariq Shaukat, President of Bumble, notified the company of his decision to resign, effective as of September 1. Following the effective date, Shaukat will move to an advisory role during a transition period. "Mr. Shaukat's resignation is voluntary and is not the result of any disagreement with the Company or on any matter relating to the Company's operations, policies, or practices," the company added.
|
BOWL | Hot Stocks08:10 EDT Bowlero to acquire all assets of Lucky Strike in $90M all-cash transaction - Bowlero announced that it has entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment, the bowling company with 14 locations across nine states. "The acquisition adds the iconic Lucky Strike brand and locations to Bowlero's expansive portfolio of bowling centers in North America, furthering its position as the leader in bowling entertainment," the company stated. Bowlero will acquire the Lucky Strike business in an all-cash transaction valued at approximately $90M. The transaction is expected to close in the first half of Bowlero's Fiscal Year 2024, and is subject to customary closing conditions...."With annual average unit volumes of over $6M, these assets offer a tremendous opportunity for the Bowlero team to apply QMS-driven optimization and grow profitability off of an already strong base. Lucky Strike posted $87M of revenue, center-level EBITDAR margin of 36%, $18M of center-level EBITDA, and $11M of consolidated EBITDA in the trailing twelve months ended March 2023," the company added.
|
DNN | Hot Stocks08:10 EDT Skyharbour close acquisition of South Dufferin project from Denison Mines - Skyharbour Resources announced that further to its news release dated April 27th, 2023, the Company has completed its acquisition of 100% of the South Dufferin Uranium Project from Denison Mines Corp. through share and cash payments. The South Dufferin Project comprises 12,282 hectares over nine claims in the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute.Skyharbour acquired a 100% interest in the South Dufferin project in consideration for the issuance of 6,000,000 shares, 1,000,000 non-transferable share purchase warrants, and a cash payment totaling CAD $125,000. Each Warrant will entitle Denison to purchase one common share of Skyharbour for a period of two years at a price of $0.60 per share. No finders' fees were paid in relation to the acquisition of the South Dufferin Property. The transaction constitutes a Related Party Transaction in accordance with MI 61-101 due to a common director on each of the Company and Denison's Board. The Company is relying on the exemption from the formal valuation requirement contained in section 5.5 and the minority shareholder approval requirement contained in section 5.7 of MI 61-101.
|
AMSC | Hot Stocks08:10 EDT AMSC agrees to deliver nearly $20M in Wind Turbine control systems to Inox - AMSC announced it has agreed to deliver nearly $20 million of demand for its wind turbine electrical control systems, ECS, to Inox Wind Limited, including its 2-megawatt, MW, ECS and an order for its 3 MW ECS. AMSC expects to ship these systems over the course of fiscal year 2023. Daniel McGahn, Chairman, President and CEO of AMSC, stated, "We believe this 3 MW ECS order marks the beginning of our next chapter with Inox Wind as they expand their offering to include an exceptional 3 MW class wind turbine. The wind energy sector in India is finding its footing, with strong support by private and public entities. We renew our commitment to supporting Inox's growth through our proprietary technology that can enable our partners to deliver superior products to the marketplace. We are encouraged to begin scaling up production for Inox Wind and to support our partner's complete wind turbine product line with our proprietary ECS products." According to GlobalData, the Indian onshore wind market capacity is forecasted to add over 35 GW by 2030.
|
MNDY | Hot Stocks08:10 EDT Monday.com appoints Shiran Nawi as Chief People and Legal Officer - monday.com Ltd. announced the appointment of Shiran Nawi as Chief People and Legal Officer, effective May 15. Over the course of her five-year tenure at monday.com, Nawi served as the company's General Counsel and an influential part of the senior management team. Alongside building, scaling, and leading the legal department of 20 people, Nawi helped architect monday.com's forward-looking strategy and some of the company's biggest, cross-company initiatives, such as its IPO, corporate philanthropy arm Digital Lift, and OKR efforts.
|
NOK MTLK | Hot Stocks08:08 EDT Nokia selected by MetaLink to expand fixed wireless broadband access - Nokia (NOK) announced that it has been selected by MetaLINK (MTLK) to provide fixed wireless access coverage and boost broadband network capacity in Northwest Ohio, Northeast Indiana, and parts of Southern Michigan. Using Nokia's Citizens Broadband Radio Service, CBRS, RAN portfolio, MetaLINK will address the growing demand for broadband coverage by connecting more homes and businesses in the rural area, delivering faster speeds and increased network capacity to MetaLINK's customers. Nokia is partnering with Winncom Technologies, a global distributor of CBRS, LTE, Broadband, and FWA products, to deliver these solutions. Shaun McCarthy, President of North America Sales at Nokia, said: "We are excited to partner with MetaLINK to meet the growing fixed wireless broadband demand in Ohio. This partnership exemplifies Nokia's commitment to providing exceptional solutions that drive tangible outcomes for our customers. By leveraging our industry-leading technology, we will help narrow the digital divide and bring reliable connectivity to more communities."
|
VERI | Hot Stocks08:08 EDT Veritone to acquire Broadbean for $52.5M - Veritone announced its agreement to acquire Broadbean, a global leader of software-as-a-service, or SaaS, technology, from CareerBuilder. Covering more than 180 countries, serving 3,000+ clients and integrated with over 100 Applicant Tracking Systems, or ATS, partners, the strategic acquisition of Broadbean will expand Veritone's AI-powered human resources solutions offerings and will build upon Veritone's acquisition of PandoLogic in 2022. Total consideration paid will be $52.5M in cash on a cash- and debt-free basis. The acquisition is expected to be immediately accretive to Veritone's operations, and on a standalone basis, is expected to generate SaaS and GAAP revenues of over $35.0M on an annualized basis while contributing attractive EBITDA margins. Post-closing, the combined businesses of Broadbean and PandoLogic will be integrated and rebranded as Veritone HR Solutions. This will enable Veritone to better service new and existing customers with a broader suite of HR-enabled solutions and allow for increased efficiencies and a go-to-market team that has broader geographic presence. In conjunction with the acquisition, Veritone is announcing several executive changes within its HR Solutions business. Terry Baker has stepped down as President and Chief Executive Officer of Veritone subsidiary, PandoLogic, and accepted a new role as independent advisor to Veritone, supporting Veritone's HR Solutions business. Additionally, Veritone has appointed Matthew O'Connor as Chief Revenue Officer of Veritone HR Solutions. UBS Investment Bank is acting as sole financial advisor to Veritone. Cooley is acting as legal counsel to Veritone. PJT Partners and LionTree are acting as financial advisors to Career Builder. Sidley Austin is acting as legal counsel to Career Builder.
|
BOWL | Hot Stocks08:08 EDT Bowlero to acquire all assets of Lucky Strike in $90M all-cash transaction - Bowlero announced that it has entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment, the bowling company with 14 locations across nine states. The acquisition adds the iconic Lucky Strike brand and locations to Bowlero's expansive portfolio of bowling centers in North America, furthering its position as the leader in bowling entertainment. Bowlero will acquire the Lucky Strike business in an all-cash transaction valued at approximately $90M. The transaction is expected to close in the first half of Bowlero's Fiscal Year 2024, and is subject to customary closing conditions...."With annual average unit volumes of over $6M, these assets offer a tremendous opportunity for the Bowlero team to apply QMS-driven optimization and grow profitability off of an already strong base. Lucky Strike posted $87M of revenue, center-level EBITDAR margin of 36%, $18M of center-level EBITDA, and $11M of consolidated EBITDA in the trailing twelve months ended March 2023."
|
DLHC | Hot Stocks08:07 EDT DLH Holdings files new shelf registration statement - DLH Holdings filed a new shelf registration statement on Form S-3 with the United States Securities and Exchange Commission to replace its expiring shelf registration statement. The registration statement was filed on May 30, 2023 and will become effective upon successful review by the SEC.If and when it is declared effective, the registration statement will allow DLH to offer and sell, from time to time, up to $100 million of its equity securities; however, there are no current plans to do so. The Company did not issue any securities under the expired registration statement. Like many issuers, DLH filed the shelf registration statement to provide it with flexibility to access capital markets if circumstances arise that would make the sale of securities advantageous to the Company.
|
AWH | Hot Stocks08:07 EDT Aspira Women's Health announces publication of three abstracts by ASCO - Aspira Women's Health announced the online publication of three abstracts supporting the clinical utility of OvaWatch at the 2023 American Society of Clinical Oncology, ASCO, Meeting taking place in Chicago, Il on June 2-6, 2023. These abstracts were co-authored by the Aspira Women's Health Innovation Team and Dr. Gerard Reilly, Director of Clinical Research and Innovation at Axia Women's Health. The abstracts support the clinical efficacy of the newly released OvaWatch by confirming OvaWatch as an industry-leading ovarian cancer risk assessment test that can safely reduce premature surgeries in the management of adnexal masses. The abstracts can be found on the ASCO Website: Multivariate index assay to reduce preventive surgery for ovarian cancer. Serial monitoring of ovarian cancer risk in women with adnexal mass. Multivariate index assay MIA3G vs other assessment tools for the ovarian cancer risk assessment of indeterminate masses.
|
PGEN | Hot Stocks08:06 EDT Precigen: FDA clears IND to initiate Phase 2 study of PRGN-2009 - Precigen announced that the U.S. FDA has cleared the Investigational New Drug application to initiate a Phase 2 study of the first-in-class PRGN-2009 Off-the-Shelf AdenoVerse immunotherapy in combination with pembrolizumab in patients with recurrent or metastatic cervical cancer. The Phase 2 randomized, open-label, two-arm, multicenter study will evaluate the efficacy and safety of PRGN-2009 in combination with pembrolizumab versus pembrolizumab monotherapy in patients with recurrent or metastatic cervical cancer who are pembrolizumab resistant. The study will enroll approximately 46 patients who previously have been treated with pembrolizumab for recurrent or metastatic disease.
|
MYGN | Hot Stocks08:05 EDT Myriad names Brufsky as Scientific Advisor to its oncology business unit - Myriad Genetics announced it has named Adam Brufsky, MD, PhD, FACP, as Scientific Advisor to its oncology business unit. In his new role, Dr. Brufsky is responsible for guiding clinical development and medical affairs to further elevate Myriad's Precise Oncology Solutions portfolio.
|
COCP | Hot Stocks08:05 EDT Cocrystal Pharma receives HREC approval to initiate Phase 2 study of CDI-988 - Cocrystal Pharma announces approval from the Australian Human Research Ethics Committee, HREC, to conduct a Phase 1 study with its novel, oral, broad-spectrum 3CL protease inhibitor CDI-988 as a potential treatment for COVID-19. The Phase 1 randomized, double-blind, placebo-controlled, dose-escalating study will assess the safety, tolerability and pharmacokinetics of CDI-988 in healthy volunteers. CDI-988 exhibited superior in vitro potency against SARS-CoV-2 and other coronaviruses, and demonstrated a favorable safety profile and pharmacokinetic properties supportive of daily oral dosing. "We are excited to have accomplished this milestone and look forward to initiating our CDI-988 clinical program as an oral treatment for patients with COVID-19, as well as demonstrating our drug discovery platform technology capabilities," said Sam Lee, Ph.D., Cocrystal's President and co-CEO. "CDI-988 was designed to bind to a highly conserved region of coronavirus and other viral proteases. Recent findings from our preclinical studies also show pan-viral activity against different RNA viruses, enabling the potential for additional clinical benefits. Further exploration of this pan-viral activity is ongoing."
|
ARDS | Hot Stocks08:03 EDT Aridis Pharmaceuticals receives agreement from FDA on Phase 3 study of AR-301 - Aridis Pharmaceuticals announced positive feedback from the FDA on the Company's proposed single confirmatory Phase 3 study of investigational monoclonal antibody candidate AR-301, which is being developed as an adjunctive therapy in combination with standard of care antibiotics for the treatment of pneumonia caused by Gram-positive bacteria Staphylococcus aureus in mechanically ventilated hospitalized patients. Key agreements with FDA: FDA agreed on the design of the single confirmatory Phase 3 superiority study required to support the submission of a Biologics License Application. FDA agreed to the proposed expansion of the confirmatory Phase 3 study in S. aureus ventilator associated pneumonia patients to include ventilated hospital acquired pneumonia and ventilated community acquired pneumonia patients. The clinical efficacy endpoint will be the same endpoint of Clinical Cure of pneumonia on Day 21 used in the previous Phase 3 superiority trial AR-301-002. However, the primary efficacy endpoint will be in older adults greater than or equal to65 years of age - given that the absolute efficacy in the AR-301-002 Phase 3 study was higher in older adults than the overall population, i.e., +34% improvement on Day 21 and by +38% on Day 28 in older adults versus +11% improvement in the overall population. The confirmatory AR-301-003 Phase 3 superiority study will be powered for efficacy in both the primary efficacy endpoint in adults greater than or equal to65 years of age, and for the key secondary efficacy endpoint in all study subjects
|
IGXT | Hot Stocks08:03 EDT IntelGenx announces short-term commerical objectives - IntelGenx Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx") today announced that it is executing on a plan focussed on near-term revenue generation. The core of IntelGenx's strategy to drive additional revenue in the short-term is centered on three key objectives: Continue to Expand our Core CDMO Business: Earlier in May, IntelGenx received an amended Drug Establishment License from Health Canada, allowing the Company to further expand its CDMO business to include a third-party testing services. IntelGenx's business development team is currently in negotiations to provide these and other services to both end-to-end CDMO services clients as well as on a stand-alone project basis to key players in the Canadian and U.S. markets. Take Next Steps to Commercialize VetaFilm(R): As players in the global veterinary health space have increasingly recognized the numerous clinical advantages of administering drugs to companion animals via IntelGenx's VetaFilm platform, such as overcoming dose acceptance and compliance issues, avoiding potential mucosal damage associated with 'dry-pilling', and potentially decreasing the overall amount of drug required, the Company anticipates entering into one or more commercial partnership agreements for the technology before the end of 2023. Support Commercial Launch of RIZAFILM in the United States and Continued Commercialization of RIZAPORT in Spain: The U.S. Food and Drug Administration's recent approval of RIZAFILM for the treatment of acute migraine marked the achievement of a major milestone for the Company, as it was its first FDA approval for an oral film product based on IntelGenx's proprietary VersaFilm technology, which was fully developed and manufactured in-house at its Montreal facility. Gensco Pharma, IntelGenx's commercial partner for RIZAFILM in the U.S., is targeting the manufacturing of validation batches, which would be the first saleable product, for later in 2023, followed by full commercialization in early 2024. The Company is also continuing to work with Exeltis Healthcare S.L., its commercialization partner in the European Union for RIZAPORT, to expand sales in Spain.
|
VRME | Hot Stocks08:03 EDT VerifyMe appoints Adam Stedham as CEO - VerifyMe announced that Adam Stedham has been appointed CEO. Stedham, who joined the Board of VerifyMe in April 2022 has been named the new CEO of VerifyMe. He will assume the position effective June 19, 2023, replacing interim CEO Scott Greenberg. Greenberg will remain in his role as Chairman of the Board but will no longer be executive chairman. "The Board of Directors is excited that Adam Stedham is becoming our CEO" stated Scott Greenberg, Chairman of the Board. "Adam's previous successful experience as CEO of GP Strategies, formally a NYSE company, eventually resulted in the sale of the Company for approximately $400M. GP Strategies' revenue grew to in excess of $450M. Adam's vision over the years enabled GP Strategies to navigate through the pandemic, integrate acquisitions, establish foreign operations, and build a strong sales team. I believe that with VerifyMe's acquisitions in the last 18 months, Adam is a great choice to take over the reins as CEO of the Company."
|
KAVL | Hot Stocks08:02 EDT Kaival Brands acquires extensive vaporizer, inhalation patent portfolio - Kaival Brands Innovation announced it has acquired an extensive patent portfolio from GoFire with the goal of diversifying its product offerings and creating near and longer term revenue opportunities. The acquired assets will be housed in Kaival Labs, Inc., a wholly owned subsidiary of Kaival Brands which develops new branded and white-label products and services in the vaporizer and inhalation technology sectors. In the near term, Kaival Brands expects to seek third-party licensing opportunities in the cannabis, hemp/CBD, nicotine and nutraceutical markets, as a means of monetizing its new patents. Longer term, the Company believes it can utilize the acquired patents to create innovative and market-disruptive products, including patent protected vaporizer devices and related hardware and software applications. "This is a transformative asset acquisition for Kaival Brands," stated Eric Mosser, President and Chief Operating Officer of Kaival Brands. "As we look to the future of our company beyond our core BIDI Stick distribution business, the purchase of this extensive patent portfolio marks the first step in diversifying our product offerings for adult consumers and potential revenue streams. We are already exploring near-term, revenue generating opportunities through royalty-based licensing agreements with third party partners in the cannabis, hemp/CBD, nicotine and nutraceutical spaces. Our longer-term plan is to incorporate this intellectual property into new, adult-focused products and expand into new segments such as cannabis/hemp, nutraceutical, and pharmaceutical markets that we can sell ourselves through existing and potential new distribution partners, once all necessary regulatory clearances have been obtained." Transaction Overview: The consideration for the purchased patents consists primarily of Kaival Brands equity securities. In certain key aspects, the equity consideration was structured in a forward-looking manner with valuations or exercise prices struck at premiums to the current market price of Kaival Brands' common stock. Specifically, the equity consideration consists of: 2,000,000 shares of Kaival Brands common stock; 900,000 shares of newly designated, non-voting Series B Preferred Stock valued at $15 per share and warrants to purchase 2,000,000 shares of common stock with exercise prices ranging from $3.00 to $6.00 per share for each of four 500,000 share tranches. The Company could receive up $9,000,000 in cash proceeds if such warrants are exercised in the future for cash. The Series B Preferred shares are redeemable at $15 per share or at lower prices depending on the market value of the Company's common stock at the time of redemption. Each preferred share is convertible into 8.3333 shares of Company common stock, or 7,500,000 common shares in total.
|
CGAU | Hot Stocks07:58 EDT Centerra Gold obtains EIA approval for Oksut Mine - Centerra Gold announces that the Turkish Ministry of Environment, Urbanization and Climate Change has approved the amended Environmental Impact Assessment for the Oksut mine in Turkiye. With the EIA approval in hand, along with the receipt of regulatory approvals for the mercury abatement retrofit to the adsorption, desorption and recovery plant, the Company expects to restart full operations at Oksut in the coming weeks.
|
AMD | Hot Stocks07:56 EDT AMD exec sells $2.98M in common stock - In a regulatory filing, AMD disclosed that its vice president and general manager of the Data Center Solutions Business Group Forrest Norrod sold 25K shares of common stock on May 25th in a total transaction size of $2.98M.
|
BF.A BF.B | Hot Stocks07:48 EDT Brown-Forman announces $200M investment to expand Casa Herradura distillery - Brown-Forman announced plans to expand its Casa Herradura tequila distillery in Jalisco, Mexico. The approximate $200M investment will allow the company to meet the increasing global demand for its premium tequilas. Construction is expected to begin in July. The first phase will expand the water recycling and treatment plant, followed by the expansion of capacity for distilling, bottling, maturation, and processing. It builds upon Casa Herradura's commitment to environmental sustainability. Casa Herradura was a pioneer in establishing a water recycling and treatment plant that met government standards and is one of Brown-Forman's zero waste to landfill sites. Less than one percent of the solid waste generated goes to landfill, creating a more sustainable process and product. Over the past decade, Brown-Forman has made significant investments in state-of-the-art technology and implementation of processes for environmental care.
|
J PLTR | Hot Stocks07:46 EDT Jacobs and Palantir expand partnership - Jacobs (J) and Palantir Technologies (PLTR) announced an expansion of their partnership, focused on leveraging Palantir's AI capabilities to commercialize new AI solutions spanning critical infrastructure, advanced facilities, supply chain management and more. Building on Jacobs' use of domain-specific algorithms with Foundry in its water sector, the company is now incorporating Palantir AIP to unlock unprecedented speed, greater efficiency and more informed decision-making for their clients - with security, control and auditability at the forefront.
|
BEN | Hot Stocks07:44 EDT Franklin Resources to acquire Putnam Investments from Lifeco for $1.7B-$1.8B - Great-West Lifeco announced that Franklin Resources operating as Franklin Templeton has agreed to acquire Putnam Investments from Lifeco. The total potential transaction consideration and retained value is estimated to be $1.7-1.8B. Franklin Templeton will pay upfront consideration of $950M-1.0B , consisting of 33.33M Franklin Templeton shares at closing and $100M in cash 6 months after closing, and up to $375M payable between 3 and 7 years after close, tied to the growth of the partnership. Lifeco will retain PanAgora, and realize the value of Putnam's seed capital, which, together with closing adjustments, are estimated to be worth $375-425 million. Lifeco will also retain certain deferred tax assets related to Putnam. Lifeco, Power Corporation of Canada and Franklin Templeton have entered a strategic partnership to distribute Franklin Templeton products for the benefit of clients, distribution partners, and shareholders. "This is a compelling transaction for Franklin Templeton, and we are excited about the numerous opportunities that will be unlocked by this long-term strategic partnership with Power and Lifeco," said Jenny Johnson, President and CEO of Franklin Templeton. "Power and Great-West Lifeco are global leaders across financial services, particularly wealth, insurance, and retirement channels. With outstanding investment performance, Putnam will add complementary capabilities to our existing specialist investment managers to meet the varied needs of our clients and will increase Franklin Templeton's defined contribution AUM. We are pleased to welcome Lifeco as a strategic investor, along with the impressive team at Putnam Investments."...The transaction is expected to close in the fourth quarter of 2023, contingent on regulatory and other customary conditions. Lifeco has agreed to retain shares representing approximately 4.9% of outstanding Franklin Templeton stock for a minimum 5-year period.
|
OCTO | Hot Stocks07:38 EDT Eightco's Forever 8, Mobi-hub serve as headline sponsor for ITC Malta 2023 - Eightco announced that Mobi-hub Funding, the joint venture of Forever 8 Fund, a subsidiary of Eightco, and Mobi-hub, will serve as a headline sponsor for the ITC Malta 2023, a top-tier global conference for new and used mobile devices and accessories. This is the first event Mobi-hub Funding will participate in since the announcement of the joint venture. The conference will be held in Malta on June 7-11, 2023, featuring a variety of keynote speakers, exhibitors and attendees from around the world, including representatives from both Forever 8 and Mobi-hub. "We are thrilled to be sponsoring the ITC Malta 2023," said Paul Vassilakos, President of Forever 8. "We are excited to have launched this joint venture with Mobi-hub and pursue our first endeavor by sponsoring this global event as a team. This is a perfect opportunity to provide the industry a detailed view of the innovative solutions we bring to the mobile device and accessories industry," added Vassilakos.
|
NEXCF | Hot Stocks07:37 EDT Nextech3D.ai launches 'The Public Company CEO Experience Podcast' - Nextech3D.AI announced the launch of "The Public Company CEO Experience Podcast," featuring Evan Gappelberg, a three-time public company CEO and serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai, and ARway.ai.
|
DTIL | Hot Stocks07:37 EDT Precision BioSciences gives updates on programs, azer-cel potential with DLBCL - Precision BioSciences announced program updates across its allogeneic CAR T pipeline. The Company highlighted new interim clinical data for its lead candidate, azercabtagene or zapreleucel, or azer-cel, as a potential first-in-class allogeneic CD19 CAR T for the growing CAR T relapsed patient population with DLBCL. The Company also provided the first clinical update on PBCAR19B stealth cell, which is in development as a potential best-in-class allogeneic CAR T therapy for patients with relapsed or refractory non-Hodgkin lymphoma , with primary focus on DLBCL. "Over the last two years, we have pursued a deliberate, multi-faceted approach in the development of our CAR T programs with the aim of bringing off-the-shelf therapies to patients. In the process, we have built one of the most extensive data packages for an allogeneic product, with the goal of tailoring azer-cel for patients who have relapsed following autologous CAR T treatment," said Michael Amoroso, Chief Executive Officer at Precision BioSciences. "With the updated clinical data presented today, including safety, efficacy, and durability, we believe we have identified the recommended azer-cel dosing regimen to discuss in a clinical meeting with the U.S. Food and Drug Administration to align on next steps."
|
NTLA | Hot Stocks07:36 EDT Intellia to present updated interim data from Phase 1/2 study of NTLA-2002 - Intellia Therapeutics announced the acceptance of a late-breaking abstract from the Phase 1 portion of the ongoing NTLA-2002 Phase 1/2 study for a presentation at the European Academy of Allergy and Clinical Immunology, EAACI, Hybrid Congress 2023, taking place June 9-11 in Hamburg, Germany, and virtually. NTLA-2002 is an in vivo genome editing candidate designed to inactivate the target gene kallikrein B1, KLKB1, to permanently reduce plasma kallikrein protein levels and activity and thus prevent hereditary angioedema, HAE, attacks after a single-dose treatment. The presentation will include updated safety and efficacy results from the Phase 1 portion of the study across all three dose cohorts. Presentation Details. Title: "Updated safety and efficacy of NTLA-2002, a CRISPR/Cas9-based gene editing therapy targeting KLKB1, in a Phase 1 study of patients with hereditary angioedema."
|
FURY | Hot Stocks07:35 EDT Fury Gold Mines CFO Lynsey Sherry to depart, Phil Van Staden named interim - Fury Gold Mines announces that Dr Lynsey Sherry, Fury's CFO, has given notice that effective June 23, 2023, she will be pursuing other professional opportunities; Mr. Phil Van Staden, currently Fury's Corporate Controller, will be appointed Interim CFO. "We are excited to be headed back to the Percival Prospect, a target that has been very important to Fury as it shows significant room for expansion at the Eau Claire project. In addition, we are looking forward to results coming in from the Hinge Target at the Eau Claire resource which are expected in the coming weeks and months," commented Tim Clark, CEO of Fury. "On behalf of the Fury team, I would like to thank Lynsey for her valuable contributions over the last few years and wish her well in her future endeavours. Our newly appointed Interim CFO, Phil, brings diverse international accounting experience from working in several industries, and we look forward to supporting his continued growth within the Company."
|
AAL | Hot Stocks07:35 EDT American Airlines still sees Q2 CASM-ex up 3.5%-5.5% - Sees FY23 CASM-ex up 2%-5% vs. FY22.
|
AEHR UCTT | Hot Stocks07:35 EDT Aehr Test Systems appoints Siu as CFO, Executive VP of Finance - Aehr Test Systems (AEHR) announced the appointment of Chris Siu as the Company's Chief Financial Officer, Executive Vice President, VP, of Finance, and Secretary effective June 1, 2023. He will succeed Ken Spink, who previously announced his planned retirement after 15 years with the Company. Spink will stay on through the completion of Aehr's fiscal 2023 year that ends May 31, 2023 and annual 10-K filing to ensure an orderly transition. Siu brings more than 27 years of finance and accounting experience in the semiconductor, medical equipment, and public accounting industries. Before joining Aehr Test Systems, he most recently served four years in senior finance executive positions at publicly traded Ultra Clean Technologies (UCTT).
|
NTLA | Hot Stocks07:34 EDT Correction: Intellia Therapeutics did not appoint Siu as CFO
|
OPY | Hot Stocks07:34 EDT Oppenheimer Holdings announces $30M modified "Dutch Auction" tender offer - Oppenheimer Holdings announced the commencement of a modified "Dutch Auction" tender offer to purchase up to $30M million of its Class A non-voting common stock at a price not less than $34.00 per Share or more than $40.00 per Share to the seller in cash, less any applicable withholding taxes and without interest. The number of Shares proposed to be purchased in the Offer represents approximately 8.05% of Oppenheimer's currently outstanding Shares. The closing price per Share of Oppenheimer's Shares on the New York Stock Exchange on May 30, 2023, the last full trading day prior to the commencement of the Offer, was $36.02 per Share. The Offer is being made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related Letter of Transmittal and other related Offer materials, as each may be amended or supplemented from time to time. The Offer will expire on Wednesday, June 28, 2023 at 11:59 p.m., New York City time, unless the Offer is extended or terminated by the Company. Tenders of Shares must be made prior to the expiration of the Offer and may be withdrawn at any time prior to the expiration of the Offer, in each case in accordance with the procedures described in the Offer to Purchase, the related Letter of Transmittal and other related Offer materials that are being distributed to shareholders.
|
FURY | Hot Stocks07:34 EDT Fury Gold Mines mobilizes second drill to Percival Prospect - Fury Gold Mines announces that a second drill has been mobilized to its wholly owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The second drill will follow up on the 2022 successes at the Percival Prospect. Drilling will consist of approximately 5,000 metres seeking to further extend the high-grade gold mineralization to the west and down dip, as well as testing some of the fourteen top priority targets along the Percival Trend/
|
AAL | Hot Stocks07:34 EDT American Airlines sees Q2 TRASM down 1%-3% y/y vs. prior view of down 2%-4% - American Airlines is presenting information relating to its financial and operational outlook at the Bernstein Strategic Decisions Conference. The company now expects total revenue per available seat mile to be down approximately 1.0% to 3.0% versus the second quarter of 2022. This improvement in unit revenue versus prior guidance is driven by continued strength in the demand environment. The company now expects to pay an average of between $2.55 to $2.65 per gallon of jet fuel in the second quarter. Based on these updated assumptions, the company now expects its second quarter adjusted operating margin to be approximately 12.5% to 14.5% and adjusted earnings per diluted share to be between approximately $1.45 to $1.65.
|
NTLA UCTT | Hot Stocks07:33 EDT Intellia Therapeutics appoints Siu as CFO, Executive VP of Finance - Aehr Test Systems (AEHR) announced the appointment of Chris Siu as the Company's Chief Financial Officer, Executive Vice President, VP, of Finance, and Secretary effective June 1, 2023. He will succeed Ken Spink, who previously announced his planned retirement after 15 years with the Company. Spink will stay on through the completion of Aehr's fiscal 2023 year that ends May 31, 2023 and annual 10-K filing to ensure an orderly transition. Siu brings more than 27 years of finance and accounting experience in the semiconductor, medical equipment, and public accounting industries. Before joining Aehr Test Systems, he most recently served four years in senior finance executive positions at publicly traded Ultra Clean Technologies (UCTT).
|
AMST | Hot Stocks07:33 EDT Amesite completes pilot program under NAFEO Alliance - Amesite and the National Association for Equal Opportunity in Higher Education announced they have completed delivery of the first pilot program through their alliance. Amesite provided the program to Benedict College, a member of the alliance. The cross-campus pilot offered upskilling in technology, including internet protocols, data privacy and security and cloud computing in the course Introduction to the World of Digital Technology. To date, 86% of learners who initiated the course have already completed it, with average scores of 93%. By comparison, the national average completion rate is 10% for free online programs. The course remains open until May 31, 2023.
|
LIND | Hot Stocks07:32 EDT Lindblad Expeditions CEO Dolf Berle departs, Sven-Olof Lindblad to succeed - Lindblad Expeditions announced the departure of CEO Dolf Berle, effective June 30, who is pursuing a non-competitive opportunity in the Dallas area. Upon his departure, Lindblad Expeditions' Founder and Co-Chair of the Board of Directors Sven-Olof Lindblad will return as CEO and will work closely with Berle to ensure a smooth transition. Prior to his departure from the role, Lindblad served as CEO of Lindblad Expeditions since founding the company in 1979. In 2021, he transitioned to become Co-Chair of the Company's Board of Directors, a role which Lindblad will continue serving in. As CEO and Co-Chair, Lindblad will be instrumental in advancing the company's business strategy and growth opportunities in partnership with the Board and leadership team.
|
CMBM | Hot Stocks07:31 EDT Cambium Networks appoints Archana Nirwan as Chief Human Resources Officer - Cambium Networks announced the appointment of Archana Nirwan to Chief Human Resources Officer. A highly experienced HR professional with more than 20 years of global experience, Nirwan has a long track record in scaling up and expanding growth organizations efficiently. Her previous experiences at Qualcomm, Cadence Design Systems and Fidelity Investments have proven her ability to drive organizational change and talent strategies for high-tech companies with a global footprint and distributed teams. She brings a wide range of core HR skills in leading strategic activities, such as talent management, performance management, M&A, organizational design, change management and workforce planning. Archana holds an M.B.A. from Pune University with a focus on Human Resources and Organizational Behavior and a B.A. in Economics from Nowrosjee Wadia College, Pune.
|
TUP | Hot Stocks07:31 EDT Tupperware Brands: Strategic alternatives process 'underway,' 'ongoing'
|
TUP | Hot Stocks07:30 EDT Tupperware Brands warns of potentially missing principal, interest payment - In a regulatory filing on Tuesday, Tupperware Brands said it currently expects to file with the SEC its Form 10-K by mid-July 2023, and its Form 10-Q by early September 2023; however, there can be no assurance that either the Form 10-K or Form 10-Q will be filed by such dates. "The Company previously disclosed on Current Reports on Form 8-K dated March 16, 2023, April 7, 2023 and May 8, 2023 that it has identified multiple prior period misstatements and material weaknesses in internal control over financial reporting for the periods covered by the Form 10-K, and it is continuing its work to finalize its financial close process, including the restatement of its previously issued financial statements, and the identification, quantification, and remediation of material weaknesses, as applicable. In its Current Report on Form 8-K dated April 7, 2023, the Company also reported its conclusion that there is substantial doubt about its ability to continue as a going concern. The Company is currently forecasting non-compliance with certain of its financial covenants in the first quarter of 2023, which will further limit its ability to borrow under the revolving credit facility. The Company believes that if it is unable to obtain adequate capital resources or further amend its existing credit facilities to provide additional flexibility and/or access to funding under the revolver or otherwise, management anticipates that it will have inadequate liquidity to fund its operations and satisfy its obligations as currently anticipated in the near term, including its principal and interest payment in July 2023, pursuant to its current business plan, which would have a material adverse effect on the Company's business, financial condition, results of operations, and it may be forced to divest assets, restructure or discontinue its operations entirely."
|
AGNPF | Hot Stocks07:26 EDT Algernon Pharmaceuticals receives notice of allowance for Japanese patent - Algernon Pharmaceuticals announced that it has received a Notice of Allowance from the Japanese Patent Office for patent application 2021-522114 entitled "Compositions and Methods for Treating Chronic Kidney Disease" for its lead chronic kidney disease program drug NP-251. The Company has also filed corresponding patent applications in the United States, Canada, Europe and China. The invention claims the administration of Repirinast, either alone or in combination with telmisartan, for use in the prophylaxis or treatment of renal fibrosis or kidney disease. Repirinast is the Company's lead candidate for the treatment of CKD based on data showing it reduced fibrosis by 51% with statistical significance and showed an additive benefit to telmisartan in a unilateral ureteral obstruction mouse model.
|
ADBRF | Hot Stocks07:23 EDT Aldebaran Resources reports results from hole at Altar copper-gold project - Aldebaran Resources reportd results for hole ALD-23-225B from its ongoing drilling campaign at the Altar copper-gold project in San Juan Province, Argentina. Hole ALD-23-225B was drilled to test the continuity between mineralization encountered in previously released holes ALD-22-223and ALD-23-224, and to provide another pierce point into the promising geophysical anomaly that sits below and lateral to the current resources at Altar. Hole ALD-23-225B was terminated at 1,347.20 m depth and intercepted a long run of mineralization, representing one of the best holes drilled on the property to date. Highlights: ALD-23-225B: 1,056.20 m of 0.56% CuEq from 291 m depth Including 951.20 m of 0.60% CuEq from 396 m depth; Including 645.00 m of 0.70% CuEq from 622 m depth; Including 80 m of 0.89% CuEq from 946 m depth; Higher-grade than the current average grade of the mineral resource; Hole ended in 19.20 m of 0.50 % CuEq; Provides additional confirmation that the mineralized footprint of the Altar system is much larger than previously understood. John Black, Chief Executive Officer of Aldebaran, commented as follows: "Hole ALD-23-225B represents one of the best holes ever completed on the Altar project in terms of both grade and length. Now that we have several holes into the geophysical anomaly sitting beneath and lateral to current resources, it's clear that previous drilling on the project merely scratched the surface of what is shaping up to be an extremely large copper system. We're very excited to see how the system evolves as we continue to complete additional holes."
|
AKLI | Hot Stocks07:22 EDT Akili presents EndeavorRx data at ASCP meeting - Akili is presenting pivotal trial data on EndeavorRx in adolescents with attention-deficit/hyperactivity disorder, or ADHD, at the 2023 American Society of Clinical Psychopharmacology, or ASCP, annual meeting in Miami Beach on May 31 and at the Elevate Psych Congress in Las Vegas on June 2-3. The poster presentations highlight results of Akili's STARS-ADHD-Adolescents label expansion trial evaluating the efficacy and safety of EndeavorRx in adolescents ages 13-17 with ADHD. The multi-center open-label study enrolled 162 adolescents ages 13-17 with inattentive or combined-type ADHD. After four weeks of treatment with EndeavorRx, trial participants saw significant improvements across a wide range of clinical outcomes, including in their attention and ADHD-related symptoms. In the STARS-ADHD-Adolescents trial, EndeavorRx demonstrated a statistically significant improvement in adolescents' attention function as measured by a change in the Attention Comparison Score, or ACS, of the FDA-cleared Test of Variables of Attention, the trial's predefined primary efficacy endpoint. Nearly two-thirds of adolescents met the prespecified definition of clinical response on the TOVA-ACS. The magnitude of improvement in attention function in teenagers was nearly three times larger than what was observed in the STARS-ADHD pivotal trial in 8-12 year olds that served as the basis for EndeavorRx's FDA authorization. The mean change from baseline on the TOVA-ACS in adolescents was 2.6 as compared to 0.93 in 8-12 year olds. In exploratory responder analyses, 24.7% of participants no longer had a measurable attention deficit following treatment, achieving a TOVA-ACS of at least 0, which is in the normative range. There were also consistent clinical benefits seen across a range of secondary measures of ADHD-related symptoms and functioning. Adolescents using EndeavorRx saw significant improvement in the Attention Deficit Hyperactive Disorder Rating Scale-5 inattention subscale and total scale scores. ADHD-RS is a clinician-administered questionnaire which uses information collected from the child's caregiver. A prespecified responder analysis also showed that 27.1% of adolescents in the study demonstrated at least a 30% reduction in total scores on the ADHD-RS following EndeavorRx treatment, a finding similar to the STARS-ADHD trial in children 8-12. Statistically significant improvements were also observed for parent and child ratings of attention improvement, as well as parent ratings of function across a number of domains, including peer relationships, academic functioning, behavioral functioning, homework functioning, and self-esteem. In the study, approximately half of the teenagers used EndeavorRx by itself and the other half used it in conjunction with stimulant medication. The benefits of EndeavorRx were comparable whether it was used alone or along with stimulants. Consistent with the favorable safety profile reported in previous studies of EndeavorRx, the treatment was shown to be safe in this study, with no serious adverse events observed. A total of 4 participants experienced any adverse events, all of which were anticipated and mild or moderate, including: frustration tolerance decreased and headache. EndeavorRx is currently authorized for use in 8-12 year olds with ADHD. Based on these new data, Akili has filed with FDA to expand its current EndeavorRx label to include 13-17 year olds. In May, Akili announced topline data from a successful pivotal study of EndeavorRx in adults with ADHD 18 years of age and older, demonstrating that improvements in both objective measures of attention and clinical outcomes surpassed those seen in both pediatric and adolescent patient populations.
|
STHZF | Hot Stocks07:21 EDT StateHouse expects positive Adjusted EBITDA, cash flow before year-end - The company said,"The Company has continued to execute on improvements at its cultivation operations, with significant enhancements being made at its Salinas facility. The Company expects flower yields and efficiency to improve during 2023 through infrastructure investments that will increase CO2 and light distribution, which will foster cannabis yields and potency while it continues to reduce costs and drive efficiency. In its retail operations, the Company has focused on increasing profitability despite competitive pressures related to sales discounting. Gross margins have held steady as the Company moves further towards its goal of in-house branded products representing approximately 40% of total retail sales. The Company has completed a number of integration milestones to establish itself as a leading California cannabis company. StateHouse is now well positioned as a focused, integrated CPG business with proprietary production, processing, brands, and retail stores. This strong platform will provide the foundation for growth, as well as improvements in profitability. Based on improvements in the business and what has been achieved to date, the Company expects to generate positive Adjusted EBITDA and to begin generating positive cash flow before the end of 2023.
|
STHZF | Hot Stocks07:19 EDT StateHouse announces headcount reduction, explores sale of non-core assets - The company said, "While Q1 revenues declined slightly sequentially due to seasonal factors and reduced foot traffic in retail, the Company has continued to generate strong gross profit before biological asset adjustments and gross margin of $10.9 million or 44.3% of total revenue. Additionally, during Q1, the Company reduced operating expenses from the prior quarter by approximately $12.0 annualized. These reductions have been achieved through a comprehensive evaluation of Company operations, including process improvements, outsourcing of distribution, upgraded and consolidated technology, and the elimination of redundant operations and service providers. Management reduced headcount an additional 16% from January 1, 2023 to May 30, 2023. Management is also exploring the potential sale of various non-core assets, which is expected to generate approximately $1-3 million of non-dilutive capital(3) to strengthen its balance sheet and fund its growth objective"
|
OMGA | Hot Stocks07:12 EDT Omega Therapeutics presents new preclinical data at ASCO 2023 - Omega Therapeutics announced that it will present new preclinical data demonstrating the effect of MYC-targeting Omega Epigenomic Controllers on the tumor microenvironment and immunotherapy responses in hepatocellular carcinoma and non-small cell lung cancer models in a poster presentation at the American Society of Clinical Oncology, ASCO, Annual Meeting taking place in Chicago, Illinois, June 2 - 6, 2023. "As a master oncogene, MYC plays multiple roles in promoting tumor growth, including regulating the tumor microenvironment, yet a direct MYC-targeting anti-cancer agent has remained elusive," said Thomas McCauley, Ph.D., Omega's Chief Scientific Officer. "The enhanced anti-tumor activity demonstrated in these preclinical data strongly support further investigation of MYC-targeting OECs in combination with clinically-validated approaches such as checkpoint blockade immunotherapies. We are excited by these results, which further validate our clinical trial strategy to evaluate our lead clinical candidate OTX-2002 in combination with anti-PD-1/PD-L1 agents in our landmark Phase 1/2 MYCHELANGELO I trial, as well as our rationale to pursue OTX-2101, our second OEC development candidate, for the treatment of NSCLC." Title: Effect of MYC-targeting Programmable Epigenomic mRNA Therapeutics on TME and Immunotherapy Responses. Key findings: Consistent with our previous preclinical studies, MYC OECs resulted in the downregulation of MYC mRNA and protein expression, as well as decreased cell viability in Hepa1-6 mouse liver cancer cells. MYC OECs downregulated expression of PD-L1 protein on the surface of HCC and NSCLC tumor cells in vitro. The combination of MYC OEC and anti-PD-1 or anti-PD-L1 blockade significantly reduced tumor growth in a mouse xenograft liver tumor model compared to single agent treatment. As a single agent or in combination with checkpoint blockade immunotherapy, MYC OECs reduced the levels of immune-suppressive regulatory T cells and increased levels of activated CD8 T cells in the TME of mouse xenograft liver tumors, potentially enhancing the adaptive antitumor immune response. In immune-competent mouse allograft tumor models MYC OEC alone or in combination with CBI conferred anti-tumor immune memory.
|
SHCR | Hot Stocks07:11 EDT Sharecare board reauthorizes $50M share repurchase program - The company said, "Highlighting its confidence in Sharecare's long-term strategy and strong balance sheet and belief that the Company's shares represent an attractive investment opportunity, the Board has re-authorized a $50 million stock repurchase program."
|
TVTX | Hot Stocks07:11 EDT Travere Therapeutics announces results from cohort 6 of Phase 1/2 COMPOSE study - Travere Therapeutics announced positive results from cohort 6 in the placebo-controlled Phase 1/2 COMPOSE Study of pegtibatinase, a novel investigational enzyme replacement therapy being evaluated for the treatment of classical homocystinuria. In this cohort, five patients were randomized in a blinded fashion to receive 2.5 mg/kg of lyophilized pegtibatinase or placebo twice weekly, with four patients assigned to the treatment group. To date in the study, pegtibatinase has been generally well-tolerated. "The results from cohort 6 in the Phase 1/2 COMPOSE Study build upon the dose dependent response observed in cohorts 1-5 and continue to demonstrate pegtibatinase has the potential to improve overall metabolic function in patients living with classical homocystinuria, a rare and devastating disease," said William Rote, Ph.D., senior vice president of research and development at Travere Therapeutics. "Our goal is to deliver pegtibatinase as the first disease-modifying treatment option for the HCU community and today we are one step closer. We look forward to continuing to engage with regulators to further refine our plans for a potential pivotal Phase 3 study which is expected to initiate by year-end." Key safety findings: There were no reports of treatment-related serious adverse events, anaphylaxis, or discontinuations in the highest dose cohort treated with the 2.5 mg/kg twice weekly dose of pegtibatinase. Two participants receiving 2.5 mg/kg BIW reported moderate injection site reactions associated with urticaria, which resulted in a temporary dose interruption.
|
SHCR | Hot Stocks07:11 EDT Sharecare concludes strategic review, continues execution of strategic plan - Sharecare announced that its Board of Directors has completed the strategic review process initiated in August 2022. After evaluating a number of alternatives with the support of advisors, the Board unanimously concluded that the best way to maximize value for shareholders at this time is to continue executing on the Company's strategic plan to drive growth and efficiencies across all three of its complementary business channels. Highlighting its confidence in Sharecare's long-term strategy and strong balance sheet and belief that the Company's shares represent an attractive investment opportunity, the Board has re-authorized a $50 million stock repurchase program. "The significant interest we received during our strategic review process not only confirmed the fundamental value of each of our business channels but, more importantly, that they are, in fact, all together better," said Jeff Arnold, chairman and CEO of Sharecare. "Our complementary capabilities, data, unified platform, and expansive customer base deliver a differentiated ecosystem for our users and clients, as well as offered the best path forward to maximize value for our shareholders." As part of the review, Sharecare's leadership also is executing an initiative to align and maximize synergies across the Company's business channels to create integrated cross-sell opportunities, foster value-added, customer-centered relationships, and accelerate long-term revenue growth. This includes: Sharecare's Enterprise platform for comprehensive care solutions - which is currently focused on the employer, health plan, and government sectors - will be actively sold to new markets including health systems, life science companies, and other healthcare stakeholders by providing the Company's connected care capabilities and extensive product portfolio via Sharecare's flexible API-as-a-Product architecture. Sharecare's Provider business channel will broaden its focus to offer Health Insight & Data Solutions, which reflect the channel's expanding customer base across a growing suite of services and extensive datasets, as it is no longer confined to traditional provider interactions given health plan contracts now constitute a large percentage of its revenue. With services that extend into population health data management, analytics, AI, and insight generation, this shift is intended to effectively represent Sharecare's ability to empower healthcare stakeholders by delivering comprehensive insight and data solutions across the spectrum. Sharecare's Life Sciences business channel will further evolve to offer broader, more robust Customer Activation & Management Solutions. Designed to acquire, engage, educate, and support people in managing their health, this channel's product suite and capabilities extend beyond pharmaceutical and biotech clients to health plans, employers, and health systems, efficiently driving targeted patient and member acquisition, increasing member enrollments into Sharecare's offerings, and furthering user engagement by leveraging extensive digital capabilities and its 100 million+ zero party database.
|
KKR | Hot Stocks07:10 EDT KKR acquires industrial park in Phoenix and an industrial warehouse in Atlanta - KKR, a leading global investment firm announced the acquisition of an industrial park in Phoenix, Arizona and an industrial warehouse in Atlanta, Georgia. The properties are both newly constructed Class A assets and were acquired in two separate transactions from two different sellers for an aggregate purchase price of approximately $250M. The Arizona property is strategically located in Phoenix's Southwest Valley industrial submarket in close proximity to major transportation nodes including Interstate Highway 10 and Arizona State Route 101. The newly-delivered property consists of three high-quality Class A buildings totaling approximately 1.3 million square feet . The Georgia property is located in Palmetto, in close proximity to the CSX Fairburn Intermodal Terminal and the Atlanta airport. The property is a newly constructed Class A warehouse totaling approximately 700,000 SF. The purchases were made through KKR Real Estate Partners Americas III, KKR's Americas opportunistic equity real estate fund. Across its funds in the U.S., KKR has committed or acquired approximately $7.5B of logistics assets in the industrial sector since 2018 and currently owns over 48MSF of industrial real estate in major U.S. metropolitan areas.
|
IRTC | Hot Stocks07:10 EDT iRhythm falls 3% to $117.51 after disclosing FDA warning letter
|
IRTC | Hot Stocks07:09 EDT iRhythm receives FDA warning letter for 'non-conformities to regulations' - iRhythm Technologies disclosed last night that it received a warning letter from the Food and Drug Administration, which resulted from the inspection of the company's facility located in Cypress, California that concluded in August 2022. The warning letter alleges non-conformities to regulations for medical devices, including medical device reporting requirements, relating to the Company's Zio AT System and medical device quality system requirements, iRhythm said. "The Company takes these matters very seriously. The Company intends to respond within the specified time period and work diligently to address the FDA's concerns," it added. iRhythm noted that it has already taken measures intended to address certain items identified by the FDA. The company "intends to continue to undertake certain corrections and corrective actions and provide regular updates to the FDA in response to the 483 observations." The warning letter does not directly restrict the manufacture, production or shipment of any of the company's products in the United States or require the withdrawal of any product from the U.S. marketplace. At this time, iRhythm believes the warning letter, without further adverse action initiated by the FDA, will not have a material impact to its financial results.
|
IGMS | Hot Stocks07:09 EDT IGM Biosciences announces FDA clearance to begin studies of imvotamab - IGM Biosciences announced that the U.S. Food and Drug Administration, FDA, has cleared two Investigational New Drug, IND, applications for imvotamab, an IgM-based CD20 X CD3 bispecific antibody T cell engager, enabling the initiation of Phase 1b studies in both severe systemic lupus erythematosus, SLE, and severe rheumatoid arthritis, RA. The Company plans to begin patient enrollment in both multicenter clinical studies in the third quarter of 2023. "Treating autoimmune disease with T cell engagers is an exciting new field of therapeutic research, and we believe imvotamab, with its potential for deep B cell depletion, offers the opportunity to lead and transform treatment in this area," said Mary Beth Harler, M.D., President, IGM Autoimmunity and Inflammation. "Over the last two decades, CD20 has become well-established as a therapeutic target in multiple autoimmune diseases. The data from our non-Hodgkin's lymphoma clinical studies indicate that imvotamab can deplete CD20 expressing B cells, even rapidly growing lymphoma cells, with a favorable safety profile as compared with other T cell engaging CD20 x CD3 antibodies. Emerging data with cell-based therapies suggest that deep B cell depletion may have the potential to reset the immune system in patients with certain autoimmune diseases. We look forward to initiating these Phase 1b clinical trials for patients with SLE and RA in the third quarter of 2023 and fully developing the potential of imvotamab and other IgM based T cell engagers in autoimmune diseases." The primary outcome measure of the Phase 1b SLE and RA clinical trials will be the safety, tolerability, pharmacokinetics, pharmacodynamics and biologic activity of imvotamab in patients with severe SLE and severe RA who have failed multiple prior therapies.
|
RCKT | Hot Stocks07:08 EDT Rocket Pharma gets EMA PRIME designation for RP-A501 to treat Danon Disease - Rocket Pharmaceuticals announced that the European Medicines Agency EMA has granted Priority Medicines PRIME designation to RP-A501, the Company's investigational adeno-associated virus AAV-based gene therapy for the treatment of Danon Disease, a devastating and fatal inherited cardiomyopathy for which there are no curative therapies. PRIME designation was granted based on positive safety and efficacy data from the Phase 1 clinical trial of RP-A501 in patients with Danon Disease and the potential of RP-A501 to meet the high unmet medical need in this population. PRIME designation offers the benefits of early and enhanced support from the EMA for the development of medicines that target unmet medical needs, as well as the opportunity for an accelerated review of the marketing application. Rocket was also recently granted Regenerative Medicine Advanced Therapy RMAT designation for its RP-A501 program, which also holds Fast Track, Orphan Drug and Rare Pediatric designations. "PRIME designation from the EMA further highlights the positive benefit/risk profile of RP-A501 in addressing the critical unmet need of patients facing Danon Disease," said Kinnari Patel, Pharm.D., MBA, President and Chief Operating Officer, Rocket Pharma. "We are thrilled by the opportunity that PRIME grants us, so that we may collaborate with our European Regulatory partners on the development of RP-A501 in the most expedient and efficient path forward."
|
TGLS | Hot Stocks07:08 EDT Tecnoglass to become carbon neutral effective 2023 - Tecnoglass announced it has proactively invested to offset the totality of its Scope 1 and Scope 2 carbon emissions as established by the GHG Protocol developed by the World Business Council for Sustainable Development. As part of its sustainability strategy and its goal of becoming carbon neutral, the Company has invested in carbon credits from third-party renewable energy projects equivalent to the carbon captured by over 850,000 trees. In order to assess its carbon footprint, the Company engaged a highly reputable firm to measure its emissions from 2016 through the end of 2021 and invested in carbon credits to reach neutrality through that period. Tecnoglass is currently assessing the 2022 impact and expects to invest further to achieve 2022 carbon neutrality by the third quarter of 2023. "To be a carbon neutral company has been one of our major goals for several years. We have taken several actions over the last decade to increase our energy efficiency through the use of solar panels and natural gas co-generation. Through this proactive investment we have positioned Tecnoglass to be a carbon neutral company well ahead of regional and global timetables and mandates," said Christian Daes, COO of Tecnoglass.
|
SEOVF | Hot Stocks07:06 EDT Sernova appoints Brett Whalen as board chair - Sernova announced the outcomes from a strategic and executive leadership review conducted by its Board of Directors. Following the recent 2023 Annual General Meeting of Shareholders, the Sernova Board welcomed Mr. Brett Whalen, Dr. Steven Sangha and Mr. Bertram von Plettenberg as newly elected Directors. The newly constituted Board has appointed Mr. Brett Whalen as its new Chair, Mr. Bertram von Plettenberg to serve on its Audit and Compensation Committees, and Dr. Steven Sangha to serve on its Nomination and Corporate Governance Committee. In addition, the new Board has determined that it is in the best interest of the Company that Dr. Philip Toleikis remain as President and CEO and continue leading the Company's Management Team and executing Sernova's vision. The Board recognizes the contributions of the Concerned Shareholders Group that engaged in the democratic process for the recent AGM, and therefore the Company intends, as an act of good faith, and in the interest of fully aligning Sernova shareholders with Management and the Board, to reimburse the Concerned Shareholders Group for their reasonable AGM related expenses. In addition, the Company has re-priced the recently issued options granted to the Board members to $1.20 per share from $0.84, reflecting the unanimous belief from the Board that the market is undervaluing the Company at this time. Sernova Directors Ms. Deborah Brown and Dr. Mohammad Azab have retired from the Company's Board, effective May 30th.
|
BRTX | Hot Stocks07:06 EDT BioRestorative receives license from NY State DoH to act as tissue bank - BioRestorative Therapies announced that it has received a license from the New York State Department of Health, DoH, to act as a tissue bank for the processing of mesenchymal stem cells from autologous donors. "This is a significant milestone for BRTX as we now can further optimize our ISO 7 certified clean room and manufacturing facility. In addition, we are exploring the ability to do contract manufacturing on behalf of other regenerative medicine companies. Our state of the art facility along with our manufacturing capabilities could provide revenues and help us offset some cash burn related to our laboratory. Finally, what is most exciting about this license is the ability to act as a tissue bank. This will enable us to bank BRTX-100 on behalf of future patients and, if FDA approved, provide those patients with an "off the shelf" autologous cell therapy product once commercially available in the United States", said CEO Lance Alstodt. There are numerous entities that are licensed to operate tissue banks and non-transplant anatomic banks in New York State. The Blood and Tissue Resources Program oversees all human tissue banking activities and services provided in New York State, from donor solicitation to clinical use. BioRestorative is the first facility in New York State to be licensed to process mesenchymal stem cells for clinical use.
|
TRVN | Hot Stocks07:05 EDT Trevena announces receipt of $3M milestone payment from Jiangsu Nhwa - Trevena announced that it has received a $3M milestone payment from its partner in China for the Chinese approval of OLINVYK. Jiangsu Nhwa Pharmaceutical holds an exclusive license agreement to develop, manufacture, and commercialize OLINVYK in China. "We look forward to continuing to work closely to support Nhwa in their commercial efforts. They have already begun commercial efforts in China and we are excited to see OLINVYK made available in such an important market," said Carrie Bourdow, President and CEO of Trevena, Inc. The Company also reaffirmed the expected receipt of $15 million in non-dilutive financing from R-Bridge upon first commercial sale of OLINVYK in China, which Nhwa believes will occur in 3Q 3023.
|
SELB | Hot Stocks07:04 EDT Selecta Biosciences presents data from Phase 3 DISSOLVE Program - Selecta Biosciences announced the presentation of data from the Phase 3 DISSOLVE I and DISSOLVE II double-blind, placebo-controlled studies of SEL-212 in patients with chronic refractory gout. SEL-212 is a combination of Selecta's ImmTOR immune tolerance platform and a therapeutic uricase enzyme. The data were featured during a late-breaking oral presentation at the European Alliance of Associations for Rheumatology 2023 European Congress of Rheumatology being held May 31 - June 3 in Milan, Italy. DISSOLVE I & DISSOLVE II were Phase 3, double-blind, placebo-controlled studies of SEL-212 evaluated at two doses of ImmTOR and one dose of pegadricase. In March 2023, the Company announced topline data from both studies. Data featured at EULAR 2023 Congress are summarized below. Both Phase 3 studies and both once-monthly SEL-212 doses tested met primary efficacy endpoints, achieving a statistically significant response rate, defined as the percentage of patients who achieved and maintained a serum urate less than 6 mg/dL for at least 80% of the sixth 28-day treatment period, and reductions in SU compared to placebo. The response rate in the high dose group was 56% in DISSOLVE I and 46% in DISSOLVE II. The response rate in the high dose group for patients greater than or equal to50 years old was 65% and 47% in the DISSOLVE I & II studies, respectively.For the secondary endpoint of reduction in SU from baseline, a marked reduction of approximately 60% was observed in both studies for both dose levels. SEL-212 was observed to have a favorable safety profile and well-tolerated across both doses levels.
|
KXIN | Hot Stocks07:03 EDT Kaixin Auto announces progression on Morning Star Acquisition - Kaixin Auto announces that the Company is making continued progress on the acquisition of Morning Star Auto. Concurrent with the relief of the pandemic and the full recovery of the Chinese economy, Morning Star's factory in Henan, China has been operating at full capacity. Morning Star mainly produces miniature electric vehicles, which are popular among consumers in China's tier 3-6 cities. Over the past few years, it has produced and sold tens of thousands of electric vehicles under the POCCO brand. At the completion of the Morning Star acquisition, Kaixin will put the electric vehicle export business as a top priority and vigorously promote overseas expansion.
|
GOGO | Hot Stocks07:03 EDT Gogo's AVANCE platform selected by flyExclusive - Gogo Business Aviation's AVANCE platform was selected by flyExclusive for upgrade on 40 private aircraft, leveraging award-winning Gogo connectivity and customer service. With flyExclusive's selection of Gogo AVANCE L3 or AVANCE L5 for installation on 40 aircraft, Gogo remains their primary provider of inflight connectivity and entertainment fleetwide. AVANCE L3 and L5 come equipped with Gogo Vision 360 which provides unlimited streaming of on-demand movies, TV programming and news, along with leading digital magazine titles and a state-of-the-art 3D moving map. Gogo Vision has a fixed monthly price which eliminates the unpredictability and often high costs associated with inflight streaming.
|
RSVR | Hot Stocks07:02 EDT Reservoir Media sees FY24 revenue $127M-$132M, consensus $133.16M - Jim Heindlmeyer, Chief Financial Officer of Reservoir, concluded "We are pleased to close the year ahead of our guided range for Revenue and within our guided range for Adjusted EBITDA. We executed numerous accretive deals in fiscal year 2023 as we progressed our company initiatives and effectively deployed capital. Looking ahead, we expect to build upon the growth we achieved in fiscal 2023 and anticipate 6% growth for Revenue and 9% growth for Adjusted EBITDA in fiscal 2024 at the midpoint of our guidance ranges. Our outlook includes strong top-line growth expectations and margin expansion across our business segments as we continue to see a positive impact on profitability from our strategic acquisitions and benefit from secular tailwinds across the music industry."
|
MHH | Hot Stocks07:02 EDT Mastech Holdings enters into Engineering Staffing Services business - Mastech Digital announced its entry into Engineering Staffing Services business. As a provider of Data and Analytics services and IT talent to corporations globally, the company now aims to also become a trusted partner for providing engineering talent nationwide. The Engineering Staffing Services, or ESS, division of Mastech Digital will bring top engineering talent to businesses seeking highly skilled engineering professionals to drive their innovation and growth. By leveraging its extensive network built over the past three decades, Mastech Digital's newest offering will provide tailored staffing solutions to recruit reliable talent for mission-critical Engineering needs across industries like Manufacturing, Automobiles, Aerospace, Architecture, Energy, Bio-medical, Telecommunications, and Infrastructure.
|
GLT | Hot Stocks07:00 EDT Glatfelter announces closing its Ober-Schmitten facility - Glatfelter announced that it is closing its Ober-Schmitten, Germany, facility due to the ongoing financial underperformance of the electrical and glassine specialty papers manufactured at the site. The actions taken are part of the Company's turnaround strategy that is aimed at improving the financial performance of the overall business. The Ober-Schmitten facility, part of the Composite Fibers segment, has approximately 180 employees and is located in Nidda, Germany, with an associated sales office in Suzhou, China. The Ober-Schmitten Economic Committee and Works Council were notified of the closure and negotiations regarding a compromise of interest and social plan will begin immediately. Total estimated costs associated with closing the Ober-Schmitten facility will be dependent on the final social plan and related employee separation costs, along with shuttering the operation.
|
V | Hot Stocks06:59 EDT Visa reports May U.S. payments volume up 5% - In a regulatory filing on Tuesday, Visa announced volume and transaction data for April and from May 1-28. May U.S. payments volume on a year-over-year basis was up 5%. Credit grew 5% and Debit grew 6%. May card not present volume on a year-over-year basis was up 7%, card not present volume excluding travel was up 7% and card present volume was up 3%. May payments volume year-over-year growth for key international markets was relatively consistent with April 2023 year-over-year growth. May cross-border volume excluding intra-Europe transactions was 151% of 2019, with card not present volume excluding travel at 175% of 2019. Total card present and card not present travel cross-border volume excluding intra-Europe transactions was 139% of 2019. May travel cross-border volume into and from our Asia Pacific region and into the U.S. continued to improve relative to 2019 levels. May global processed transactions grew 9% year-over-year.
|
CPRI | Hot Stocks06:50 EDT Capri Holdings CEO 'encouraged by the strong trends in Asia' - John Idol, the company's Chairman and CEO said, "Looking back on fiscal 2023, revenue increased high-single-digits and earnings per share increased mid-single-digits. These results were measured on a 52-week constant currency basis. We achieved several milestones in fiscal 2023, including record revenue at Versace and Jimmy Choo as well as mid-single-digit revenue growth at Michael Kors. Additionally, we generated strong free cash flow and returned $1.35 billion to shareholders. These results demonstrate the power of our business model, the strength of our luxury houses and the execution of our strategic initiatives." Idol continued, "With Versace, Jimmy Choo and Michael Kors we have three incredibly powerful brands to drive our future growth. While we recognize that there are near-term uncertainties in the Americas, we are encouraged by the strong trends in Asia and continued growth in EMEA. Looking to fiscal 2024, we anticipate revenue will increase low-single-digits and earnings per share will increase mid-single-digits. Beyond fiscal 2024, we remain confident in our ability to achieve our long-term goals over time due to the resilience of the luxury industry, the strength of our three powerful iconic brands and the talented group of employees executing our strategic initiatives."
|
PRMW | Hot Stocks06:49 EDT Primo Water CEO Tom Harrington to retire in December - Primo Water announced that Tom Harrington, CEO and a member of the company's board of directors since January 2019, has informed the board that he intends to retire as the company's CEO, with a target effective date of December 31. To ensure a smooth transition, Harrington will continue to serve as CEO and on the board until the Board has identified and appointed a successor.
|
GMVHF | Hot Stocks06:46 EDT Entain provides update on HMRC investigation, expects significant fine - Entain announced that it is in deferred prosecution agreement, or DPA, negotiations with the Crown Prosecution Service, or CPS, and is working towards achieving a resolution of the ongoing HMRC investigation. As previously disclosed, Entain Holdings UK, a subsidiary of the company, received a production order from HM Revenue & Customs, or HMRC, requiring it to provide information relating to the group's former Turkish-facing online betting and gaming business, which it held from 2011 until it was sold in 2017 At that time, the group understood that HMRC's investigation was directed at a number of former third-party suppliers, relating to the processing of payments for online betting and gaming in Turkey. On July 21, the company announced that HMRC was widening the scope of its investigation and was examining potential corporate offending by an entity within the group. The offences under investigation include, but are not limited to, section 7 of the Bribery Act 2010. The company understands that the HMRC investigation, which is ongoing, includes a review of its former Turkish-facing business and acknowledges that historical misconduct involving former third party suppliers and former employees of the group may have occurred. The group continues to co-operate fully with HMRC and the CPS. It is not possible at this stage to say how the investigation into the company will conclude. Whilst prosecution of a group entity or entities, which may defend the action successfully or be convicted, remains a possibility, the group is seeking to conclude DPA negotiations with the CPS. Negotiations remain ongoing and any resolution would be subject to judicial approval. While the company cannot say at this stage what the consequences of the investigation will be, it is likely that they will include a substantial financial penalty which is yet to be determined. The company cannot identify reliably at this stage the size of any financial penalty. Since the investigation first commenced, the group has undertaken a comprehensive review of anti-bribery policies and procedures and has taken action to strengthen its wider compliance program and related controls. Whilst the discussions with the CPS remain ongoing, the board is content with progress to date and looks forward to pursuing an orderly conclusion to this matter.
|
AAP | Hot Stocks06:41 EDT Advance Auto Parts falls 22% to $87.40 after Q1 results miss, FY23 guidance cut
|
AAP | Hot Stocks06:39 EDT Advance Auto Parts cuts FY23 CapEx view to $250M-$300M from $300M-$350M - Cuts FY23 new store branch openings view to 40-60 from 60-80. Cuts FY23 free cash flow view to $200M-300M from "minimum $400M." Cuts FY23 operating income margin view to 5%-5.3% from 7.8%-8.2%.
|
SNY | Hot Stocks06:38 EDT Sanofi announces new data on frexalimab, to present at 2023 CMSC - Sanofi announces new data, being presented in a late-breaking session at the 2023 Consortium of Multiple Sclerosis Centers, CMSC, annual meeting, demonstrate that frexalimab, Sanofi's novel second-generation investigational anti-CD40L antibody, significantly reduced disease activity in a Phase 2 trial of patients with relapsing multiple sclerosis. Following 12 weeks of therapy, the number of new gadolinium-enhancing T1-lesions was reduced by 89% and 79% in the higher- and lower-dose treatment arms, respectively, compared with placebo, meeting the study's primary endpoint. Erik Wallstrom, MD, PhD, Global Head of Neurology Development, Sanofi, "Building on our 20 years of research and development in multiple sclerosis, we are committed to growing our robust pipeline of MS therapies by exploring multiple treatment approaches with unique MOAs that have the potential to slow or halt disability, which remains one of the greatest unmet medical needs in multiple sclerosis today." Pivotal trials in MS are planned to be launched in 2024.
|
AAP | Hot Stocks06:35 EDT Advance Auto Parts cuts quarterly dividend to 25c per share - On May 30, the company declared a cash dividend of 25c per share to be paid on July 28 to all common stockholders of record as of July 14.
|
MRKR | Hot Stocks06:35 EDT Marker Therapeutics announces pre-clinical data from product candidate MT-601 - Marker Therapeutics announced pre-clinical data from the Company's multiple tumor-associated antigens, or multiTAA,-specific T cell product candidate MT-601 in lymphoma cells, including CD19 CAR T refractory cells. Although CAR T cell therapies targeting the CD19 antigen have gained acceptance as treatment for patients with relapsed/refractory lymphoma because of their significant benefit relative to the standard of care, up to 60% of patients treated with CAR T therapies relapse within a year. MultiTAA-specific T cell therapy was investigated in the Baylor TACTAL study, which enrolled patients with both Hodgkin's and non-Hodgkin's lymphoma. The multiTAA-specific T cell product used in the TACTAL study was directed against five antigens and showed more durable clinical responses. For example, some patients who attained a complete remission with the multiTAA-specific T cell treatment were still in remission at the 72 months follow-up, suggesting a longer-lasting clinical benefit relative to published results for CD19 CAR T therapies. Given the high probability of antigen-loss associated relapse seen with CD19 CAR T therapy, Marker believes that its multiTAA-specific T cell product may result in durable responses due to its ability to overcome antigen loss by targeting more than one antigen.
|
AAP | Hot Stocks06:32 EDT Advance Auto Parts CEO says Q1 results 'below our expectations' - Tom Greco, president and CEO, said, "I want to thank our Advance team members and independent partners for their continued hard work and focus on serving our customers. While we anticipated the first quarter would be challenging, our results were below our expectations. Net sales grew 1.3% in the quarter. Our operating margin rate of 2.6% in the quarter was well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix." Greco continued, "We remain focused on improving inventory availability while sustaining competitive price targets to improve topline sales. We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations. We have reduced our full-year guidance and our board of directors made the difficult decision to reduce our quarterly dividend. In addition, in connection with my pending retirement, our board's independent chair, Gene Lee, has assumed an expanded role as interim executive chair. Gene will be providing additional operational oversight and support to our management team to enable a seamless CEO transition. He has helped me immensely during my time as CEO and I look forward to working with him to improve the trajectory of our business in the months ahead."
|
PSN | Hot Stocks06:27 EDT Parsons announces new strategic partnership with Vizsafe - Parsons announced a new strategic partnership with Vizsafe that enhances the company's capabilities to provide organizations with mission critical safety and security applications designed to keep humans healthy and safe. Parsons will utilize Vizsafe's patented Geoaware, an intelligence and safety management software platform, to optimize operational effectiveness. Vizsafe's Geoaware platform provides an intelligence dashboard that aggregates, maps, and visualizes data from a wide range of sensor networks for enhanced situational awareness, mobile communications, and analytics including incident reporting, visitor management, biosurveillance, and threat monitoring. The impact of this partnership was highlighted when the U.S. Department of Homeland Security Science and Technology Directorate Operational Experimentation Program and the National Urban Security Technology Laboratory selected Parsons and Vizsafe to participate in Urban OpEx 2022 to evaluate the Geoaware platform in the hands of first responders from agencies around the country.
|
VTNR | Hot Stocks06:12 EDT Vertex Energy completes startup procedures for diesel conversion project - Vertex Energy announced the successful completion of the startup procedures for its renewable diesel conversion project at its Mobile, Alabama, refining facility. Additionally, the Company announced that it has entered into a new working capital facility with existing liquidity provider, Macquarie Group's Commodities and Global Markets business, to supply the necessary liquidity for securing feedstock for renewable diesel production. Startup procedures were completed last week and the Company reported that the renewable diesel facility has achieved initial production as of May 27. Vertex also announced the entry into a Renewable Supply and Offtake Agreement, or RSOA, with existing liquidity provider, Macquarie for the liquidity needs required to acquire feedstock inventory and monetize renewable diesel and regulatory credits for its renewable diesel facility. The new working capital facility is similar in nature to the existing Supply and Offtake Agreement in place with Macquarie used to monetize Vertex's crude oil feedstock and products needs on the conventional side of the business. The terms of the RSOA were filed with the SEC in a Current Report on Form 8-K concurrently with this release. Stroock & Stroock & Lavan acted as legal advisor to Vertex with respect to the transaction. The Company plans to commence the commercial sale of renewable diesel in June, after receiving required EPA certifications for Renewable Identification Numbers.
|
DCI | Hot Stocks06:06 EDT Donaldson sees FY23 CapEx $115M-$130M - Free cash flow conversion is forecast between 105% and 115%. For the full year, Donaldson expects to repurchase approximately 2% of its shares outstanding.
|
DCI | Hot Stocks06:05 EDT Donaldson CEO sees 2023 as 'another year of record earnings' - "Our third quarter results continue this fiscal year's trend of Donaldson delivering double-digit earnings growth and margin expansion." said Tod Carpenter, chairman, president and CEO. "We met the needs of our customers by improving our on-time delivery metrics, brought working capital towards more normalized levels, and continued to invest in R&D and capacity expansion. We expect fiscal 2023 to be another year of record earnings as we build upon our long-term momentum showcased at our recent Investor Day. Our focus remains on the execution of our strategic initiatives and investments in profitable growth, including those within Life Sciences, as we make progress towards achieving our financial targets and creating value for customers and shareholders."
|
UL | Hot Stocks05:56 EDT Unilever announces CFO, chief digital and commercial officer to leave - Unilever announced that Graeme Pitkethly, CFO, has informed the Board of his intention to retire from the company by the end of May 2024. The Board will now proceed with a formal internal and external search for his successor. Unilever CEO Alan Jope said: "I would like to thank Graeme for his tremendous contribution to Unilever over the last 21 years." In addition, Conny Braams, Chief Digital and Commercial Officer and member of the Unilever Leadership Executive, has decided to leave Unilever in August 2023. Conny's successor will be announced in due course, Unilever said. Reference Link
|
PUK | Hot Stocks05:51 EDT Prudential plc CFO James Turner resigns after conduct probe - Prudential plc announced the appointment, subject to regulatory approval, of Ben Bulmer as CFO. Bulmer is currently CFO, Insurance and Asset Management, having previously served as CFO of Prudential Corporation Asia. Bulmer succeeds James Turner, who has resigned as CFO in light of an investigation into a Code of Conduct issue relating to a recent recruitment situation. Prudential said: "The Group sets itself high standards and Turner fell short on this occasion. Turner will remain available to the Group for a period of four months to support a smooth transition." Reference Link
|
STLA | Hot Stocks05:25 EDT Stellantis, Vulcan Energy Resources sign term sheet for 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' Mulhouse industrial site in France, which is home to the DS 7, Peugeot 308 and e-308, 508, and the new 408. Based upon current assumptions, the project could provide a significant portion of the industrial site's annual energy needs starting in 2026. The first phase of the project, located at the southernmost extent of Vulcan's focus area in the Upper Rhine Valley, will include a pre-feasibility study for the construction of geothermal renewable energy assets for Stellantis' facility, carried out by Vulcan which will also assess potential for lithium production. If successful, the next phase will focus on 3D seismic exploration and more advanced studies and development. Subject to a successful PFS, Stellantis and Vulcan aim to develop the project jointly on a 50:50 basis. In November 2022, Vulcan announced that it had started a number of initiatives to expand its geothermal renewable energy and Zero Carbon Lithium business into France and specifically Alsace, which accounts for roughly one third of the Upper Rhine Graben. Vulcan has applied over the Mulhouse area for an exclusive lithium and geothermal license to secure another 480 km of development area within the Upper Rhine Graben Valley Brine Field. According to the term sheet, Vulcan's team will perform a lithium mineral resource assessment according to the JORC Code. Vulcan Zero Carbon Lithium project is aligned with the creation of the "French Mineral Resources Observatory" that aims to analyze the French critical raw materials resources and provide recommendations for public investment that will be supported by the recently announced new 2 billion euro "French Critical Raw Materials Fund".
|
VCIG | Hot Stocks05:22 EDT VCI Global subscribes for 500 new GlobexUS shares at $3,000 per share for $1.5M - VCI Global announced it will be subscribing for 500 new GlobexUS Holdings shares at $3,000 per share for $1.5M. This investment signals the expansion of the company's business into the digital asset market. GlobexUS is the holding company of the 50/50 joint venture technology partner of Upstream Exchange, a MERJ Exchange market. Being an exchange and trading app for digital securities, Upstream is the world's first regulated exchange that lists blockchain based digital securities to be traded on its retail marketplace. Upstream, with a current retail investor base of over 7,000 app users and rising, enables U.S and global securities issuers to dual list their shares on its platform. VCI Global has also entered into a marketing and referral agreement to partner with Upstream. Under this agreement, VCI Global shall be granted territorial exclusivity for Malaysia, Singapore, and Indonesia, where the Company will introduce and refer entities that wish to list or dual list on Upstream. VCI Global has already made in-roads having secured its first issuer client, which is already looking into taking part in dual-listing on Upstream.
|
ABBV | Hot Stocks05:19 EDT AbbVie announces SLEek study meets primary, key secondary endpoints - AbbVie announced the results of the Phase 2 SLEek study evaluating upadacitinibalone and in combination in adults with moderately to severely active systemic lupus erythematosus, ot SLE, who continued to receive standard lupus therapies. The study results are being presented as an oral presentation during the European Congress of Rheumatology. In the Phase 2 SLEek study, a greater proportion of patients receiving upadacitinib 30 mg or ABBV-599 high dose achieved the primary endpoint, SLE Responder Index and steroid dose less than or equal to 10 mg prednisone equivalent once per day at week 24, compared to placebo. SRI-4 and steroid dose less than or equal to 10 mg prednisone equivalent per day assess reductions in disease activity and glucocorticoid use, respectively. Key secondary endpoints were also achieved at week 48 in both active treatment groups, including lupus flares measured by the Safety of Estrogens in Lupus Erythematosus National Assessment, or SELENA, Systemic Lupus Erythematosus Disease Activity Index, or SLEDAI, Flare Index, or SFI, and time to first flare, which showed greater treatment effect in the upadacitinib 30 mg and ABBV-599 high dose groups compared to placebo.2 Other measures of disease activity and treatment response were also met, including achievement of BICLA response, SRI-4, and Lupus Low Disease Activity State, or LLDAS, in the upadacitinib 30 mg and ABBV-599 high dose groups compared to placebo. No new safety signals were observed beyond the known safety profile for upadacitinib.2 Types of adverse events reported with ABBV-599 high dose were similar to those reported for patients treated with upadacitinib alone. The rate of treatment emergent adverse events, or TEAEs, in this study were similar across groups. Serious AEs were reported in 10.3% of patients in the ABBV-599 high dose, 21% in upadacitinib 30 mg, and 17.3% in placebo groups. Adjudicated cardiovascular events were reported in one patient in each of the three treatment groups. There were no reports of malignancies or venous thromboembolic events. The use of upadacitinib and elsubrutinib in SLE are not approved and their safety and efficacy have not been evaluated by regulatory authorities.
|
MYNZ | Hot Stocks05:12 EDT Mainz Biomed establishes commercial partnership for ColoAlert with TESTDNA - Mainz Biomed announced the establishment of a commercial partnership for ColoAlert with TESTDNA Sp. z o.o. Sp. k. Katowice, Poland, an independent laboratory in Poland. ColoAlert is Mainz Biomed's flagship product, a highly efficacious and easy to use, at-home detection test for colorectal cancer, or CRC, currently being commercialized across Europe and in select international markets via a differentiated business model of partnering with third-party laboratories for test kit processing versus the traditional methodology of operating a single facility.
|
XM | Hot Stocks05:09 EDT Qualtrics opens new EMEA headquarters in Dublin City Centre - Qualtrics announced it has opened its new Europe, Middle East and Africa, or EMEA, headquarters in Dublin City Centre, which will feature an XM Innovation Centre focused on AI. The opening of the building marks 10 years of investment and expansion in Ireland by Qualtrics, since the U.S.-headquartered company set up a Dublin base as its first office outside of the United States in 2013. Costello House is Qualtrics largest office in EMEA and the base for the company to target further international expansion. The Dublin office will also house a planned R&D XM Innovation Centre. Costello House has capacity for over 500 employees and an Executive Briefing Centre for customers from across EMEA.
|
J | Hot Stocks05:04 EDT Jacobs appointed to Homes England's new DaRTS framework - Jacobs has been appointed to Homes England's new Development and Regeneration Technical Services, or DaRTS, framework to support the U.K. government's housing acceleration in England. As part of this framework, Jacobs will provide full multidisciplinary built environment, professional and technical services to Homes England as well as the country's other public sector bodies through to 2027.
|