Stockwinners Market Radar for October 11, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PACB | Hot Stocks20:22 EDT Cathie Wood's ARK Investment bought 619K shares of PacBio today
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PD | Hot Stocks20:21 EDT Cathie Wood's ARK Investment bought 241K shares of PagerDuty today
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DNA | Hot Stocks20:20 EDT Cathie Wood's ARK Investment bought 2.05M shares of Ginkgo Bioworks today
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CRWD | Hot Stocks20:14 EDT Crowdstrike director sells $4.46M in common stock - In a regulatory filing, Crowdstrike disclosed that its director Godfrey Sullivan sold 25K shares of common stock on October 9th in a total transaction size of $4.46M.
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ZS | Hot Stocks20:11 EDT Zscaler director sells $1.22M in common stock - In a regulatory filing, Zscaler disclosed that its director Amit Sinha sold 7.4K shares of common stock on October 9th in a total transaction size of $1.22M.
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PCOR | Hot Stocks18:53 EDT Procore CEO sells $3.85M in common stock - In a regulatory filing, Procore disclosed that its CEO Craig Courtemanche sold 55K shares of common stock on October 9th in a total transaction size of $3.85M.
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F... | Hot Stocks18:43 EDT UAW confirms strike at Ford's Kentucky Truck Plant - In an unannounced move, 8,700 UAW members walked off the job today at 6:30 p.m. ET, shutting down Ford Motor Company's (F) Kentucky Truck Plant in Louisville. The strike was called after Ford refused to make further movement in bargaining. The surprise move marks a new phase in the UAW's Stand Up Strike. Previous expansions of the strike occurred at a deadline set in advance by the union. The move comes one day before the four-week mark since contracts expired at Ford, General Motors (GM), and Stellantis (STLA). "We have been crystal clear, and we have waited long enough, but Ford has not gotten the message," said UAW President Shawn Fain. "It's time for a fair contract at Ford and the rest of the Big Three. If they can't understand that after four weeks, the 8,700 workers shutting down this extremely profitable plant will help them understand it." Local 862 members at Kentucky Truck Plant make the Ford Super Duty pickups as well as the Ford Expedition and the Lincoln Navigator.
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F | Hot Stocks18:40 EDT Ford calls UAW strike at Kentucky plant 'grossly irresponsible' - In a statement on work stoppage at its Kentucky truck plant, Ford said, "The decision by the UAW to call a strike at Ford's Kentucky Truck Plant is grossly irresponsible but unsurprising given the union leadership's stated strategy of keeping the Detroit 3 wounded for months through "reputational damage" and "industrial chaos." Ford made an outstanding offer that would make a meaningful positive difference in the quality of life for our 57,000 UAW-represented workers, who are already among the best compensated hourly manufacturing workers anywhere in the world. In addition to our offer on pay and benefits, Ford has been bargaining in good faith this week on joint venture battery plants, which are slated to begin production in the coming year. The UAW leadership's decision to reject this record contract offer - which the UAW has publicly described as the best offer on the table - and strike Kentucky Truck Plant, carries serious consequences for our workforce, suppliers, dealers and commercial customers. Kentucky Truck is Ford's largest plant and one of the largest auto factories in America and the world. The vehicles produced at the Louisville-based factory - the F-Series Super Duty, the Ford Expedition and the Lincoln Navigator - generate $25 billion a year in revenue. In addition to affecting approximately 9,000 direct employees at the plant, this work stoppage will generate painful aftershocks - including putting at risk approximately a dozen additional Ford operations and many more supplier operations that together employ well over 100,000 people. This decision by the UAW is all the more wrongheaded given that Ford is the only automaker to add UAW jobs since the Great Recession and assemble all of its full-size trucks in America."
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LEU | Hot Stocks18:40 EDT Centrus Energy begins uranium enrichment operations in Ohio - Centrus Energy has begun enrichment operations at its High-Assay Low-Enriched Uranium - HALEU - facility in Piketon, Ohio, and expects to begin withdrawing HALEU product later this month. It is the only NRC-licensed HALEU facility in the U.S. and the first new U.S.-owned, U.S.-technology uranium enrichment plant to begin production since 1954. HALEU is an advanced nuclear fuel required for most of the next-generation reactor designs currently under development. The capacity of the 16-centrifuge cascade is about 900 kilograms of HALEU per year, but with sufficient funding and offtake commitments, Centrus could expand production.
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BMY | Hot Stocks18:02 EDT Bristol Myers announces three-year results from POETYK PSO LTE trial - Bristol Myers Squibb announced new three-year results from the POETYK PSO long-term extension trial of Sotyktu treatment in adult patients with moderate-to-severe plaque psoriasis. At Week 148, clinical response rates were maintained with continuous treatment with modified nonresponder imputation responses of 73.2% for Psoriasis Area and Severity Index 75, 48.1% for PASI 90 and 54.1% for static Physician's Global Assessment 0/1. Sotyktu demonstrated a consistent safety profile with no increases in the rates of adverse events or serious AEs over time, and no emergence of any new safety signals. These data and 49 additional abstracts demonstrating Bristol Myers Squibb's ongoing commitment to dermatology research are being presented at the European Academy of Dermatology and Venereology Congress in Berlin, Germany taking place October 11-14, 2023. "These new, positive, three-year results reinforce the long-term efficacy and well-established safety profile of once-daily Sotyktu, the first and only TYK2 inhibitor available, and add to our confidence in its role as an oral treatment of choice for adults with moderate-to-severe plaque psoriasis," said April Armstrong, MD, MPH, clinical investigator in the POETYK PSO clinical trial program and professor and chief of dermatology at the University of California, Los Angeles. "For my patients, more days of relief from this chronic disease mean that they can focus on other aspects of their lives, and these POETYK PSO long-term data add to the evidence that we have the ability to offer a new standard of care to patients seeking an oral treatment option."
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MNTS | Hot Stocks17:57 EDT Momentus in contract with RIDE! Space for transportation, orbital services in Q1 - Momentus has signed a contract with RIDE! Space for transportation and orbital delivery services in the first quarter of 2024. RIDE! Space will be flying its Gaindesat and Djibouti payloads on a single mission. "We are thrilled to mark this historic moment for the space sector of Africa with Momentus," said RIDE! Space Chief Executive Officer Valentin Benoit. "Being an actor for sending the 1st Senegalese satellite and the 2nd one for Djibouti proves the objective RIDE! has given itself: make space more convenient, affordable and reliable. In this mission, Momentus plays a key role. They have also always been a trusted partner to RIDE!, responsive and ready to accommodate small sat players from our ecosystem." "The African Space Industry Annual Report released in August reports that the African space economy is projected to grow to more than $22B by 2026," said Momentus Chief Commercial Officer Chris Kinman. "We anticipate rideshare services to be an important enabler for this growth. We're looking forward to working with RIDE! Space as they support access to Low-Earth Orbit for new and established African customers." In addition to rideshare missions, Momentus offers Delta-V delivery for missions requiring precise custom orbits. The Company also provides hosted payload services and its M-1000 satellite bus for customized and dedicated missions.
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FSLY | Hot Stocks17:53 EDT Fastly Chairman Bergman sells 17.5K shares of company stock - Chairman of Fastly Artur Bergman disclosed in a regulatory filing the sale of 17,500 shares of company stock at $16.29 per share on October 9 for a total transaction amount of $285,075. )*
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MINM | Hot Stocks17:50 EDT Minim Inc trading resumes
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NCMGY NEM | Hot Stocks17:40 EDT Newmont shareholders approve Newcrest acquisition - Newmont (NEM) announced that more than 96 percent of votes cast on the proposal for the issuance of Newmont common stock in connection with the proposed acquisition of Newcrest Mining Limited (NCMGY) were voted in favor of approval at today's special shareholder meeting. All government regulatory approvals necessary for the transaction to proceed have been secured. Newmont and Newcrest anticipate the transaction closing in early November, subject to the satisfaction of customary closing conditions.
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BSQR | Hot Stocks17:35 EDT Bsquare Corp trading resumes
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COST | Hot Stocks17:32 EDT Costco exec sells $1.38M in common stock - In a regulatory filing, Costco disclosed that its EVP Patrick Callans sold 2.5K shares of common stock on October 9th in a total transaction size of $1.38M.
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COST | Hot Stocks17:28 EDT Costco EVP Frates sells 1,200 common shares - In a regulatory filing, Costco executive VP Caton Frates disclosed the sale of 1,200 common shares of the company on October 6 at a price of $562.6418 per share.
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PAAS | Hot Stocks17:23 EDT Pan American Silver provides update on restart of operations at La Colorada mine - Pan American Silver will commence restarting operations at its La Colorada mine in Mexico on October 16, following a shift change and the transition from care and maintenance activities. On October 5, Pan American announced the temporary suspension of operating activities due to security concerns at the mine site and the surrounding area following an armed robbery of two trailers of concentrate from the operation. The Mexican authorities have taken steps to facilitate the safe transit to and from the mine site for all the employees, contractors and people from the nearby communities. Pan American does not expect the temporary suspension of La Colorada to have a material impact to its annual consolidated production and cost guidance for 2023, nor to the targeted timing of late 2023 for the release of the La Colorada Skarn preliminary economic assessment.
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NATL... | Hot Stocks17:20 EDT National Interstate to replace iTeos in S&P 600 at open on 10/18 - NCR Atleos Corp. (NATL) will replace iTeos Therapeutics (ITOS) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 18. S&P MidCap 400 constituent NCR Corp. (NCR) is spinning off NCR Atleos in a transaction expected to be completed on October 17. Following the spin-off, the NCR parent will have a name and symbol change to NCR Voyix Corp. (VYX) and will remain in the S&P MidCap 400. iTeos Therapeutics is no longer representative of the small-cap market space.
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MINM | Hot Stocks17:15 EDT Minim Inc trading halted, news pending
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ATXS | Hot Stocks17:14 EDT Astria Therapeutics to pay $15M upfront license fee - Under the terms of the license agreement, Astria will pay Ichnos a one-time upfront license fee of $15M. Astria is also obligated to pay Ichnos up to $305M in milestones, of which up to $20M are clinical development milestones in up to three indications and $285M are related to regulatory approval and commercial sales milestones for all licensed products in up to three indications. In addition, Ichnos will be eligible to receive tiered mid-single digit to low-double digit royalties based on Astria's and any of its affiliates' or sublicensees' annual net sales of the licensed products, subject to reduction in specified circumstances.
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ATXS | Hot Stocks17:12 EDT Astria Therapeutics enters exclusive OX40 license agreement with Ichnos Sciences - Astria Therapeutics announced that it has entered into a worldwide exclusive license agreement with Ichnos Sciences for an OX40 portfolio to be developed for the potential treatment of atopic dermatitis, or AD, and potentially for other allergic and immunological diseases. Astria plans to develop the lead candidate, called STAR-0310, a monoclonal antibody OX40 antagonist that incorporates YTE half-life extension technology, for the treatment of AD. Astria believes STAR-0310, a preclinical-stage program, has the potential to have the best-in-class profile in AD with high affinity, reduced treatment burden with infrequent dosing, and favorably differentiated safety and tolerability. OX40 inhibition is a clinically validated mechanism for the treatment of AD. Astria also sees an opportunity with STAR-0310 for potential expansion into additional indications.
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OR | Hot Stocks17:08 EDT Osisko Gold reports Q3 royalty and streams revenue C$62.1M - Osisko Gold provided an update on Q3 deliveries, revenues, cash margin and asset advancements. Osisko earned approximately 23,292 attributable gold equivalent ounces in Q3, including 1,386 GEOs earned from the recently acquired CSA silver stream. Recorded preliminary revenues from royalties and streams of C$62.1M during Q3, and preliminary cost of sales of C$4.4M, resulting in a record quarterly cash margin of approximately C$57.7M, or 93%. Osisko's cash balance was relatively stable at the end of Q3 at approximately C$70.8M, resulting in a net debt position of approximately C$244.6M as at September 30, representing an improvement of $5.0M despite additional investments in royalties completed during the quarter. Paul Martin, Interim CEO, commented: "Osisko delivered a solid quarter of GEOs earned, along with record revenues and cash margin in Q3 despite challenges faced by some of our key operating partners over the past several months....While we anticipate improved quarter-over-quarter performance at several of our core producing assets, Renard will continue to be impacted by weak rough diamond prices and, as a result, Osisko is assuming no reportable GEOs from Renard in Q4. As such, we now are guiding towards the low end of our GEO delivery guidance for 2023."
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BSQR | Hot Stocks17:07 EDT Kontron America to acquire Bsquare Corp for $1.90 per share in cash - Kontron America and Bsquare jointly announced the execution of a definitive merger agreement by which Kontron will acquire Bsquare. Under the terms of the agreement, Kontron will commence a tender offer for all outstanding shares of Bsquare for $1.90 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $38M. The closing of the transaction will be subject to customary conditions, including the expiration or termination of certain regulatory periods and the tender of at least two-thirds of Bsquare's outstanding common stock in the tender offer. Upon the successful completion of the tender offer, Kontron would acquire any untendered shares of Bsquare's common stock through a second-step merger effected for the same per common share consideration. The transaction is expected to close later in 2023. After closing, Bsquare will become a privately held company, and shares of Bsquare common stock will no longer be listed on any public market.
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EP | Hot Stocks17:02 EDT Empire Petroleum commences 2023 drilling program - Empire Petroleum announced the formal commencement of its 2023 drilling program with the recent spud of a new well at its North Dakota asset, the "Starbuck" Field. A pilot drilling program on Empire's New Mexico assets is expected to begin in 2024. Additional specifics concerning the Starbuck drilling program include: 10-14 drilled wells; average lateral length per well of approximately 2,300 feet in Phase 1, with a 5,900-foot length in Phase 2; average capital spend per well of $1.6M-$1.8M; and total capital spending for the program of $20M-$22M. Starbuck surface facilities are nearing completion and ready to bring additional production online in Q4.
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BSQR | Hot Stocks17:00 EDT Bsquare Corp trading halted, news pending
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GTH | Hot Stocks17:00 EDT Genetron Holdings Ltd - ADR trading resumes
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SRRK | Hot Stocks16:53 EDT Scholar Rock to advance obesity treatment SRK-439 toward IND in 2025 - Scholar Rock "announced it plans to advance SRK-439, a novel investigational myostatin inhibitor for the treatment of obesity towards an investigational new drug application, or IND, submission in 2025. As part of the Company's strategy to advance the development of SRK-439, it plans to initiate a Phase 2 proof-of-concept trial with apitegromab in combination with a GLP-1 receptor agonist in 2024, subject to IND acceptance. Data from the clinical trial are expected in mid-2025 and will be used to inform further clinical development of SRK-439."
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IPGP | Hot Stocks16:47 EDT IPG Photonics announces passing of COO Felix Stukalin - In a regulatory filing, IPG Photonics disclosed that Felix Stukalin, the company's Senior Vice President, COO and member of the company's Board of Directors, passed away on October 6, 2023. He will be greatly missed and the company extends its sincere condolences to Stukalin's family.
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GTH | Hot Stocks16:45 EDT Genetron enters definitive merger agreement for going private transaction - Genetron announced today that it has entered into a definitive agreement and plan of merger with New Genetron and Genetron New Co, a wholly-owned subsidiary of parent. Pursuant to the merger agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the company, with the company continuing as the surviving entity and becoming a wholly-owned subsidiary of parent, in a transaction implying an equity value of the company of approximately $126M. Pursuant to the terms of the merger agreement, at the effective time of the merger, each ordinary share, par value $0.00002 per share, of the company issued, outstanding and not represented by American depositary share of the company immediately prior to the effective time, other than the excluded shares and the dissenting shares, will be cancelled and cease to exist, in exchange for the right to receive $0.272 in cash per share without interest, and each ADS, issued and outstanding immediately prior to the effective time, other than ADSs representing the excluded shares, together with each share represented by such ADS, will be cancelled and cease to exist, in exchange for the right to receive $1.36 in cash per ADS without interest. The merger consideration represents a premium of approximately 15% to the closing price of the company's ADSs on August 19, 2022, the last trading day prior to the company's announcement of its receipt of the "going-private" proposal, and a premium of approximately 21% to the average closing price of the company's ADSs during the last 30 trading days prior to its receipt of the "going-private" proposal. The merger consideration represents a premium of approximately 42% to the closing price of the company's ADSs on October 10, the last trading day prior to this press release. Immediately following the consummation of the merger, Parent will be beneficially owned by Sizhen Wang, co-founder, chairman of the board of directors and chief executive officer of the company, CICC Healthcare, Tianjin Kangyue Business Management Partnership, Surrich International, an investment entity wholly-owned by Wuxi Guolian, Wealth Strategy Holding, CCB Investment Fund and Wuxi Huihongyingkang Investment, and/or certain affiliates of the members of the consortium, and other rollover shareholders. Concurrently with the execution of the merger agreement, Wang, CICC, and certain other shareholders of the company entered into a rollover and support agreement with parent, pursuant to which the rollover shareholders have agreed to vote all the shares beneficially owned by them in favor of the authorization and approval of the merger agreement and to have certain shares of the rollover shareholders cancelled at the effective time for no cash consideration from company in exchange for certain equity interests of parent. The consortium intends to fund the Merger through a combination of cash contributions from certain members of the consortium pursuant to their respective equity commitment letters and rollover equity contributions from the Rollover Shareholders. The board, acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the board, approved the merger agreement and the merger and resolved to recommend the company's shareholders vote to authorize and approve the merger agreement and the merger. The special committee negotiated the terms of the merger agreement with the assistance of its financial and legal advisors. The merger, which is currently expected to close during the first quarter of 2024, is subject to customary closing conditions, including, among others, that the merger agreement shall be authorized and approved by an affirmative vote of shareholders representing at least two-thirds of the shares present and voting in person or by proxy at an extraordinary general meeting of the company's shareholders, (ii) that the aggregate amount of dissenting shares shall be less than 15% of the total outstanding shares immediately prior to the effective time, and certain regulatory approvals, including the ODI Approval for certain consortium members in China. As of the date of this press release, members of the consortium and the other rollover shareholders beneficially own shares representing approximately 59.7% of the total shares issued and outstanding as of March 31. If completed, the merger will result in the company becoming a privately-held company and its ADSs will no longer be listed on the Nasdaq Global Market.
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VSCO | Hot Stocks16:33 EDT Victoria's Secret says October positioned to be best month of Q3 - Commenting on third quarter results to date, the company mentioned, "Our sales growth internationally has been ahead of plan and our sales trends in North America continue to improve each month as planned: August was better than second quarter, September was better than August, and our early October results have positioned us for our best month of the third quarter. This is consistent with our expectations and encouraging as we finalize our plans for the all-important holiday season and fourth quarter selling."
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IGT | Hot Stocks16:32 EDT International Game units sign 10-year contract with Pan Malaysian Pools - International Game Technology announced that its subsidiaries, IGT Global Services Limited and IGT Global Solutions Corporation, have signed a 10-year contract extension with Pan Malaysian Pools. As part of this contract extension, IGT will upgrade PMP's existing system technology to IGT's powerful central lottery system, Aurora, and related system components designed to help manage and responsibly grow PMP's business. As part of IGT's player-centric, omnichannel solution, OMNIA, Aurora will also seamlessly integrate with PMP's proprietary dmcGO iLottery platform.
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MSM | Hot Stocks16:31 EDT MSC Industrial increases regular quarterly dividend 5% to 83c per share - MSC Industrial has declared a cash dividend of 83c per share, representing a 5% increase from the previous regular quarterly dividend of 79c per share. The 83c dividend is payable on November 28 to shareholders of record at the close of business on November 14. The ex-dividend date is November 13.
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AZEK | Hot Stocks16:30 EDT Azek to sell Commercial segment's Vycom business - Azek has entered into a definitive agreement to sell its Vycom business, a division of its Commercial segment, to Ohio-based Plaskolite, LLC, a global leader in the manufacturing of engineering thermoplastics. Jesse Singh, AZEK's CEO, said, "Since Vycom's founding in 1983, our Vycom team members have created a thriving manufacturer of market-leading brands of innovative plastic solutions used across a variety of commercial, industrial and non-residential end markets. The complementary cultural fit of Plaskolite, combined with its commitment to cultivating long-lasting customer relationships and its reputation for providing the highest quality products in the industry, will both support a smooth transition and elevate Vycom's business to the next level. We thank the entire Vycom team for their hard work and celebrate their commitment to continuing to deliver sustainable innovative plastic sheet solutions to their customers." The sale of Vycom is expected to close on November 1, 2023.
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NEOG | Hot Stocks16:30 EDT Neogen CFO buys $150K in common stock - In a regulatory filing, Neogen disclosed that its CFO David Naemura bought 10K shares of common stock on October 11th in a total transaction size of $150.3K. Shares of Neogen are up 1.5% afterhours at $15.20.
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MDB | Hot Stocks16:28 EDT MongoDB director Merriman sells 2,000 class A shares - In a regulatory filing, MongoDB director Dwight Merriman disclosed the sale of 2,000 class A common shares of the company on October 10 at a price of $365 per share.
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VTLE | Hot Stocks16:26 EDT Vital Energy Q3 production averaged approximately 101.3 MBOE/d - Vital Energy provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company's third-quarter 2023 earnings release and conference call are provided within this release. Third-Quarter Production. The Company's third-quarter 2023 total production averaged approximately 101.3 thousand barrels of oil equivalent per day MBOE/d , above guidance of 94.0 - 98.0 MBOE/d. Oil production for the quarter averaged approximately 48.7 thousand barrels of oil per day MBO/d , above guidance of 45.5 - 48.5 MBO/d. Production results were primarily driven by outperformance of recently turned-in-line wells on the Driftwood and Forge acquisitions and in Howard County. Capital Investments. Total incurred capital expenditures during third-quarter 2023 were approximately $162M , excluding non-budgeted acquisitions and leasehold expenditures, below the low end of guidance of $165 - $180M .
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GTH | Hot Stocks16:25 EDT Genetron Holdings Ltd - ADR trading halted, news pending
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INDV | Hot Stocks16:23 EDT Indivior enters exclusive licensing agreement with Alar Pharmaceuticals - Indivior has gained exclusive global rights to develop, manufacture, and commercialize Alar Pharmaceuticals' portfolio of long-acting injectable formulations that release a prodrug1 of buprenorphine at varying durations, including its lead long-acting injectable candidate, ALA-1000. ALA-1000 is a sustained-release LAI prodrug of buprenorphine. With dosage intervals of potentially up to four times per year, ALA-1000 could address unmet opioid use disorder patient needs with a longer duration of treatment. Indivior will pay $10M to secure exclusive global rights - except in China, Hong Kong, Taiwan and Macau - to develop, manufacture and commercialize ALA-1000 and Alar's future buprenorphine-based LAI product candidates. The payment is in addition to an initial $5M option payment made by Indivior to Alar in Q1. Alar is entitled to potential milestone payments if various developmental, regulatory, and commercial goals are achieved. Alar has been granted composition of matter and formulation patents for ALA-1000 covering sustained-release buprenorphine formulations with expiry in 2037 and 2039. Based in Taichung, Taiwan, Alar is a drug development company which focuses on developing long-acting drug products for central nervous system disorders and chronic diseases. The transaction is not expected to have a material impact on the Group's FY 2023 adjusted results.
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MSFT | Hot Stocks16:21 EDT Microsoft says IRS seeks added tax payment of $28.9B plus penalties, interest - In a regulatory filing, Microsoft disclosed that on October 11, Microsoft Corporation announced the receipt of Notices of Proposed Adjustment, or "NOPAs," from the Internal Revenue Service for the tax years 2004 to 2013. The NOPAs were received on September 26, the company noted. The primary issues in the NOPAs relate to intercompany transfer pricing. In the NOPAs, the IRS is seeking an additional tax payment of $28.9B plus penalties and interest. "As of September 30, 2023, we believe our allowances for income tax contingencies are adequate. We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRS's administrative appeals office and, if necessary, judicial proceedings. We do not expect a final resolution of these issues in the next 12 months. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months," Microsoft stated.
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VTYX | Hot Stocks16:20 EDT Ventyx Biosciences director Subramaniam sells nearly 50,000 common shares - In a regulatory filing, Ventyx Biosciences director Somu Subramaniam disclosed the sale of 49,152 common shares of the company on October 9 at a price of $30.0264 per share.
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AIG | Hot Stocks16:18 EDT AIG names David McElroy as Chairman of General Insurance - American International Group is pleased to announce that David McElroy, currently Chief Executive Officer, General Insurance, will assume the newly created role of Chairman, General Insurance; Don Bailey, currently Global Head of Distribution and Field Operations, will assume the role of CEO, North America Insurance; and Jon Hancock, currently Chief Executive Officer of International General Insurance, will assume the role of CEO, International Insurance, effective January 1, 2024. Mr. McElroy, Mr. Bailey and Mr. Hancock will report to Peter Zaffino, Chairman & Chief Executive Officer of AIG, and will serve on AIG's Executive Leadership Team.
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ROST | Hot Stocks16:16 EDT Ross Stores names Stephen Brinkley as President of Operations - Ross Stores announced that Stephen Brinkley, 50, has been named to the newly-created position of President, Operations with an expected start date of October 30, 2023. In his new role, Mr. Brinkley will report to Michael Hartshorn, Group President and Chief Operating Officer. His responsibilities will include Property Development, Stores, and Supply Chain. The Company's Finance, Human Resources, Legal, Marketing, Strategy, and Technology organizations will continue to report directly to Mr. Hartshorn.
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SPLK | Hot Stocks16:11 EDT Splunk CLO Morgan sells 5,000 common shares - In a regulatory filing, Splunk CLO Scott Morgan disclosed the sale of 5,000 common shares of the company on October 9 at a price of $146.78 per share.
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TOI | Hot Stocks16:09 EDT The Oncology Institute appoints Jeremy Castle COO - The Oncology Institute has announced the appointment of Jeremy Castle, MBA, as Chief Operations Officer, effective September 5, 2023. In this role, Mr. Castle leads enterprise field and central operations, pharmacy, real estate, and practice integration, playing a key role in driving TOI's success as a public company. Castle joins TOI with over 15 years of oncology industry experience, and has a track record of driving growth and profitability for multi-state physician groups. He has had other senior leadership positions, including Mr. Castle having previously served as the Chief Operating Officer for United Urology Group and Executive Director for The US Oncology Network.
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FFIN | Hot Stocks16:08 EDT First Financial files applications for subsidiaries to convert to Texas charters - First Financial's subsidiaries, First Financial Bank, N.A. and First Financial Trust and Asset Management Company, have each filed applications with the Texas Department of Banking to convert to a Texas state banking association and a Texas chartered trust company, respectively. The Bank has been a national bank since its inception in 1890 and the Trust Company has been a national trust company since its inception in 2003. The Bank and the Trust Company filed their applications with the Texas Department of Banking on September 22, 2023, and October 10, 2023, respectively. The Bank and the Trust Company expect to complete the conversions, following receipt of the necessary regulatory approvals, during Q4. Upon completion of the conversion, the Bank will be regulated by the Texas Department of Banking and the Federal Reserve Bank of Dallas, rather than the Office of the Comptroller of the Currency. Likewise, the Trust Company will be regulated by the Texas Department of Banking rather than the OCC. The Bank will retain its FDIC deposit insurance in connection with its conversion.
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PRIM | Hot Stocks16:00 EDT Primoris awarded solar project with estimated value of $230M - Primoris Services announced it received solar project awards with a combined value of approximately $230 million. The contracts were secured by the Company's Energy Segment in the third quarter of 2023. The awards are for the engineering, procurement and construction of three utility-scale solar facilities located in the Southwest. Initial construction for all projects will begin in the fourth quarter of 2023 with completion of the projects expected in the second half of 2024.
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ANCTF | Hot Stocks14:53 EDT Alimentation Couche-Tard aims to achieve $10B in EBITDA by FY28 - Alimentation Couche-Tard announced earlier its "10 for the Win" five-year strategic plan during its analyst and investor conference. Couche-Tard aims to achieve $10B in EBITDA by FY28, up from $5.8B in FY23, leveraging the "10 for the Win" strategic plan. "It is with great pride that we announced our new 10 for the Win strategy today. The entire executive team and I believe that we have put together a compelling and achievable path to reach our ambitious goals. We are excited to start executing on 10 for the Win to bring more value to our customers, team members, and shareholders as we strive to become the most trusted brand in convenience and mobility," added Brian Hannasch, President and CEO of Couche-Tard.
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GS | Hot Stocks14:32 EDT Goldman Sachs announces sale of GreenSky to Sixth Street-led consortium - Goldman Sachs Group announced that it has entered into an agreement to sell the GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street. The transaction is expected to close in the first quarter of 2024, subject to standard closing conditions. The transaction is expected to result in a (19c) earnings per share impact on Goldman Sachs' third quarter 2023 results. Until closing, Goldman Sachs will continue to operate the platform and record ongoing business results, including the impact of an agreement for the consortium to purchase newly originated loans. "This transaction demonstrates our continued progress in narrowing the focus of our consumer business. While GreenSky is an attractive business, we are focused on advancing the strategy we laid out for our two core franchises. In Global Banking & Markets, we've improved our wallet share and are demonstrating strong growth in financing activities; and across our Asset & Wealth Management platform we are making very strong progress towards both our fundraising and management fee targets," said David Solomon, Chairman and CEO of Goldman Sachs.
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PSHG | Hot Stocks14:22 EDT Performance Shipping holder Sphinx makes $3 per share tender offer - In a regulatory filing, it was disclosed that Sphinx Investment Corp. and George Economou, who directly owns Maryport and controls each of the offeror and Maryport, made a tender offer to purchase all of the issued and outstanding common shares of Performance Shipping, a corporation organized under the laws of the Republic of the Marshall Islands, for $3.00 per share in cash. Reference Link
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JNJ | Hot Stocks14:20 EDT J&J reports 510(k) clearance from FDA for TriLEAP System - Johnson & Johnson MedTech announced that DePuy Synthes, The Orthopaedics Company of Johnson & Johnson, has received 510(k) clearance from the U.S. Food and Drug Administration for its TriLEAP Lower Extremity Anatomic Plating System, a comprehensive yet modular, procedure-specific system designed to meet the complex needs of orthopaedic surgeons, doctors of podiatric medicine, and foot and ankle specialists. "The TriLEAP System provides a diverse offering of contoured and conventional plates that can accommodate multiple screw diameters, and instruments that can be used during the reduction, internal fixation and fusion of bones and bone fragments," the company stated. Reference Link
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RVMD | Hot Stocks14:16 EDT Revolution Medicines shares jump 13%, or $3.41, to $28.96
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SONY | Hot Stocks13:58 EDT Sony says PS5 cloud streaming launches this month for PS Plus Premium users - Sony's PlayStation unit provided more details about PS5 cloud streaming for PlayStation Plus Premium members. "Starting this month, we will begin launching cloud streaming access for supported PS5 digital titles within the PlayStation Plus Game Catalog and Game Trials, as well as supported titles in the PS5 game library that PlayStation Plus Premium members own," the company said. "Select PS5 games will be available for streaming, and we're planning to have hundreds of PS5 titles to support this new benefit." Such benefits include: top PS5 hits from the PlayStation Plus Game Catalog, such as "Marvel's Spider-Man: Miles Morales," "Horizon Forbidden West," "Ghost of Tsushima," "Mortal Kombat 11," and "Saints Row IV"; Game Trials for PS5 games, such as "Hogwarts Legacy," "The Witcher 3: Wild Hunt," and "The Calisto Protocol," and; Additional PS5 digital titles PlayStation Plus Premium members own that will be available for streaming, such as "Resident Evil 4," "Dead Island 2," "Genshin Impact," "Fall Guys," and "Fortnite." The service is targeting an October 17 launch in Japan, October 23 launch in Europe, and October 30 launch in North America. Reference Link
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ERIC | Hot Stocks13:50 EDT Ericsson announces SEK 32B impairment for Vonage assets - Ericsson announced that, in accordance with IFRS accounting requirements, it will record a non-cash impairment charge of SEK 32B in Q3. The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage. "The impairment is a consequence of the significant drop in the market capitalization of Vonage's publicly traded peers, increased interest rates and overall slowdown in Vonage's core markets," the company said in a statement. Ericsson added that it "continues to advance its enterprise strategy, with Vonage's network API capabilities being central to this strategy and the development of a Global Network Platform." The company said the impairment does not alter Ericsson's "positive outlook on the GNP market potential." It explained, "Vonage remains key to Ericsson's strategy to expand in Enterprise. The Enterprise strategy is underpinned by the development in the third quarter in which Ericsson announced an important milestone with a major commercial partnership in its GNP business. The development of GNP is creating a new market for exposing 5G capabilities through network APIs and the market opportunity is estimated at USD 20 billion by 2028 by telecom consultancy and research firm STL Partners. This market will open up new ways for operators to monetize their investments in networks from enterprises and in turn drive further investments in mobile infrastructure. Ericsson expects the first revenues from network APIs during 2023."
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ERIC | Hot Stocks13:50 EDT Ericsson names Chris Houghton COO - Ericsson announced the appointment of Chris Houghton to Chief Operating Officer and Asa Tamsons to Head of Business Area Enterprise Wireless Solutions. Both Houghton and Tamsons will report to Borje Ekholm, President and CEO of Ericsson. These appointments underscore Ericsson's commitment to accelerating its business transformation. Chris Houghton, who is currently Senior Vice President, Market Area North East Asia, has been with Ericsson for 35 years and brings deep institutional knowledge across key markets and operational areas of the business. In the new role, Houghton will focus on cross group initiatives, including ongoing cost efficiency initiatives. The appointments of Chris Houghton and Asa Tamsons are effective as of November 1, 2023. As of then, Business Area Technologies & New Businesses, will report to the Chief Operating Officer.
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BIREF | Hot Stocks13:37 EDT Birchcliff Energy reports contractor fatality - Birchcliff Energy reports that there has been a contractor fatality at one of Birchcliff's water storage pits located south of Baytree, Alberta. "Emergency response personnel responded to the scene during the evening of October 10. Although the circumstances surrounding the incident are still being investigated, it appears that the contractor may have drowned. The contractor's family have been notified of the incident. The name of the contractor will not be released without the consent of the family. Birchcliff is working with the appropriate authorities to ensure a full investigation is conducted into the cause of the incident," the company stated. "On behalf of all of us at Birchcliff, I want to extend our deepest sympathies and condolences to the family, friends and co-workers of our deceased colleague. Our thoughts and prayers are with them during this difficult time. We have commenced an investigation into the cause of this tragic accident," said Jeff Tonken, Birchcliff's CEO.
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DAL | Hot Stocks13:30 EDT Delta Air Lines extends travel waiver on Tel Aviv flights - Delta has extended a travel waiver for all customers with travel booked to/from Tel Aviv and is notifying customers of refund options and cancellations. Delta also added that it is continuously monitoring the security environment in Israel to inform cancellations to its Tel Aviv flight schedule. The company has extended our waiver for all customers currently booked to/from Tel Aviv's Ben Gurion Airport so they can rebook their travel on available flights through Sept. 6, 2024. The waiver also allows these customers to process their own refunds via the Fly Delta app, delta.com or by calling Delta Reservations for refund support. Delta is canceling all its TLV flights through Oct. 31. While booking is suspended for TLV flights to/from Hartsfield-Jackson Atlanta International Airport and Boston Logan International Airport, customers can make reservations on flights between New York's John F. Kennedy International Airport and TLV for travel Nov. 1 and beyond. Seats on Delta partner airlines remain bookable on Delta.com and Delta Reservations when available.
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BCO NCR | Hot Stocks13:27 EDT Brink's off lows after denying Reuters report of NCR talks - Shares of Brink's (BCO) moved off their lows after the company issued a statement saying it is not in discussions about a possible strategic transaction with NCR Corporation (NCR). Reuters earlier today reported, citing people familiar with the matter, that NCR is in advanced talks to merge its automatic teller machine business with Brink's (BCO) to create a combined company worth close to $12B, including debt. Shares of Brink's are down 5% in afternoon trading to $69.81 while NCR gave up some gains but is still up 1% to $26.94.
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BCO NCR | Hot Stocks13:23 EDT Brink's says not in talks with NCR about strategic transaction - Brink's Company (BCO) said it is not in discussions about a possible strategic transaction with NCR Corporation (NCR).
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CNI... | Hot Stocks13:22 EDT North American rail traffic up 0.5% for the week ending October 7 - The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending October 7. For this week, total U.S. weekly rail traffic was 499,217 carloads and intermodal units, up 3% compared with the same week last year. Total carloads for the week ending October 7 were 233,768 carloads, up 3.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 265,449 containers and trailers, up 2.5% compared to 2022. Seven of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included motor vehicles and parts, up 2,618 carloads, to 16,495; grain, up 1,403 carloads, to 23,235; and petroleum and petroleum products, up 1,326 carloads, to 10,139. Commodity groups that posted decreases compared with the same week in 2022 were miscellaneous carloads, down 440 carloads, to 8,745; farm products excl. grain, and food, down 124 carloads, to 16,461; and forest products, down 1 carloads, to 7,937. North American rail volume for the week ending October 7 on 12 reporting U.S., Canadian and Mexican railroads totaled 346,637 carloads, up 2.6% compared with the same week last year, and 349,627 intermodal units, down 1.5% compared with last year. Total combined weekly rail traffic in North America was 696,264 carloads and intermodal units, up 0.5%. 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), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL), Wabtec (WAB) and Rail Vision (RVSN). Reference Link
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LXFR | Hot Stocks12:00 EDT Luxfer falls -15.4% - Luxfer is down -15.4%, or -$2.07 to $11.37.
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FMS | Hot Stocks12:00 EDT Fresenius Medical falls -17.9% - Fresenius Medical is down -17.9%, or -$3.76 to $17.19.
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DVA | Hot Stocks12:00 EDT DaVita falls -19.5% - DaVita is down -19.5%, or -$17.82 to $73.47.
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IRS | Hot Stocks12:00 EDT Irsa Inversiones y Representaciones SA rises 5.8% - Irsa Inversiones y Representaciones SA is up 5.8%, or 38c to $6.88.
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HMY | Hot Stocks12:00 EDT Harmony Gold rises 6.7% - Harmony Gold is up 6.7%, or 28c to $4.54.
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AZZ | Hot Stocks12:00 EDT AZZ Inc. rises 6.7% - AZZ Inc. is up 6.7%, or $3.08 to $48.98.
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HASI | Hot Stocks11:58 EDT Block says closed out HASI short position 'at some point' previously - Carson Block of short-selling firm Muddy Waters is being interviewed on CNBC.
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VFS | Hot Stocks11:55 EDT Vingroup's Chairman donates battery company to VinFast Auto - Vingroup's Chairman, Pham Nhat Vuong, announces that he will donate 99.8% of VinES Energy Solutions Joint Stock Company's shares to VinFast. "The merger is designed to enhance VinFast's self-sufficiency in battery technology and its production chain, while increasing its competitive edge in the ever-growing electric vehicle market. Following the donation, VinES will be merged into VinFast to enhance its self-efficiency in battery technology and leverage resources to increase battery research and development for its vehicles," the company stated. Under the terms of the merger, VinFast will acquire all VinES' intellectual property related to battery cells, battery packs, manufacturing facilities, technology, partnerships, and supplier contracts. "This comprehensive acquisition of VinES' battery technology and modern manufacturing facilities is an important step in completing VinFast's fully integrated production chain and creates an unparalleled competitive advantage for VinFast in the global electric vehicle market," the company said. Le Thi Thu Thuy, Vice Chairwoman of Vingroup and Global CEO of VinFast, added: "The acquisition of VinES will help VinFast control our battery technology and supply chain, thus optimizing operating expenses and enriching technology content in our electric vehicles. This is also an important step towards developing and controlling an integrated supply chain as well as comprehensive manufacturing system to further strengthen our competitiveness."
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HII | Hot Stocks11:32 EDT Huntington Ingalls awarded $347M U.S. Navy Lionfish contract - HII announced that its Mission Technologies division was awarded a contract to build nine small unmanned undersea vehicles for the U.S. Navy's Lionfish System program. The contract has the potential to grow to as many as 200 vehicles over the next five years with a total value of more than $347M. The Lionfish System, based on HII's REMUS 300, is a highly portable, two-person SUUV with an open architecture design and versatile payload options. In early 2022, REMUS 300 was chosen as the Navy's official program of record for the next-generation SUUV.
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DIN | Hot Stocks11:27 EDT Fuzzy's Taco Shop enters 20-restaurant agreement with Mark Justice in Nevada - Fuzzy's Taco Shop announces a 20-restaurant agreement with Mark Justice which will expand the brand's footprint into Nevada. The Texas-based restaurant group is recognized for its Baja-style fare with 138 franchise-and corporate-owned locations in 19 states. In addition to Fuzzy's Taco Shop, Justice owns and operates IHOP restaurants in eight states through the restaurant management company Mr. Stax, Inc. Notably, Justice is the first IHOP franchisee to enter into a franchise agreement with Fuzzy's Taco Shop after its acquisition by Dine Brands in 2022.
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MCY | Hot Stocks11:02 EDT Mercury Insurance announces continued partnership with Anaheim Ducks - Mercury Insurance announces its continued sponsorship of the Anaheim Ducks for the 2023-24 NHL season, honoring both the Ducks' 30th anniversary and Mercury's ninth successive year of collaboration with the team. This season, as part of Mercury's "My First Game" campaign, the company will work with the Anaheim Ducks Foundation whose mission is to facilitate and support programs that produce positive change for children and families throughout Southern California. The foundation will identify fans who have never attended a Ducks game and provide them with tickets, jerseys, dinner and screen time on camera to be introduced to the crowd.
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PEG | Hot Stocks10:56 EDT PSE&G receives approval from New Jersey to mondernize gas pipes - The New Jersey Board of Public Utilities has approved a settlement that will enable PSE&G to continue modernizing aging natural gas pipes in 2024 through 2025. With this extension of the second phase of PSE&G's Gas System Modernization Program, the state's largest utility expects to invest $902M over two years, maintaining hundreds of jobs. The extension allows PSE&G to continue to update its existing gas distribution system to improve reliability and reduce greenhouse gas emissions by approximately 54,000 metric tons CO2e, by replacing at least 400 miles of aged pipes with modern ones. "Continuing this work that reduces methane emissions and enhances the reliability of our gas system is a critical step to realizing our Powering Progress vision for customers," said Kim Hanemann, president and chief operating officer, PSE&G.
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SHCR | Hot Stocks10:55 EDT Sharecare jumps after Claritas forwards $1.35-$1.80 per share takeover bid - Sharecare's stock is up 19c, or 20%, to $1.13 in early Wednesday trading following a regulatory filing made earlier that revealed that on October 3, John Chadwick, a member of the board of directors of Sharecare, submitted a preliminary non-binding proposal to the board on behalf of Claritas Capital, related to the proposed acquisition, directly or indirectly, by Claritas and/or their affiliated investment funds of all of the shares of common stock not beneficially owned by the reporting persons for cash consideration of between $1.35 and $1.80 per share. "Each of Mr. Chadwick and the other the Reporting Persons reserve the right to modify or withdraw the Proposal at any time for any reason, including but not limited to an inability to secure financing for the Proposal on acceptable terms or at all and the satisfactory completion of due diligence, and no binding obligation on the part of any of Mr. Chadwick, Claritas Capital, the other Reporting Persons or any of their affiliates will arise with respect to submission of the Proposal or the filing of this Statement," the filing stated. The board has not yet responded to the proposal, the filing added. Reference Link
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MSFT | Hot Stocks10:43 EDT Microsoft reports nearly 3,000 employees in Israel directly impacted by attack - Kathleen Hogan, Executive Vice President and Chief Human Resources Officer, shared a communication today with Microsoft employees regarding the attack on Israel, in which Hogan stated in part: "I am profoundly saddened by the horrific terrorist attacks in Israel this weekend and the atrocities we continue to watch unfold. Together with the senior leadership team, I want to express my deepest sympathy for those who have been killed, injured, lost loved ones, and all those impacted by this violence. Together we condemn this hatred and brutality... Our SLT is in direct contact with our local leaders in Israel and our employee communities, to offer support and to understand how best to help employees and their families during this unimaginable time. We have nearly 3,000 employees in Israel directly impacted. We have Jewish employees around the world who are also experiencing grief, fear and anxiety as hatred and vitriol increase. We have Palestinian employees globally who are deeply concerned for the safety of their loved ones in the region and stand against these acts of terrorism... Across the company, let us stand together in our shared humanity." Reference Link
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INCY | Hot Stocks10:32 EDT Incyte: Data from Phase 3 TRuE-V demonstrates efficacy of Opzelura treatment - Incyte announced new results of a pooled analysis of long-term extension data from the pivotal Phase 3 TRuE-V program assessing Opzelura cream 1.5% in patients 12 years of age and older with nonsegmental vitiligo who previously experienced limited or no response to treatment at Week 24. These data were presented today in a late-breaking oral presentation at the European Academy of Dermatology and Venereology Congress 2023, held from October 11-14 in Berlin. "We are excited by the TRuE-V LTE study data presented today during a late-breaking session at EADV. These long-term data highlight encouraging updates for an important sub-group of patients with nonsegmental vitiligo, those who initially showed limited or no response to treatment," said Jim Lee, M.D., Ph.D., Group Vice President, Inflammation & AutoImmunity, Incyte. Key findings from the pooled analysis include: More than half of patients who initially experienced limited or no facial repigmentation at Week 24 achieved greater than or equal to75% improvement in facial repigmentation from baseline with continued treatment with Opzelura at Week 104. Half of the patients who initially experienced limited or no body repigmentation at Week 24 achieved greater than or equal to50% improvement in body repigmentation from baseline with continued treatment with Opzelura at Week 104. Among patients with no body repigmentation at Week 24, T-VASI improvements were observed in 79.6% and 93.3% of patients at Weeks 52 and 104, respectively. Among patients with limited body repigmentation at Week 24, T-VASI improvements were observed in 64.5% and 81.6% of patients at Weeks 52 and 104, respectively.
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ERJ | Hot Stocks10:20 EDT Embraer announces order for four E195-E2s from Luxair - Embraer and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline, Embraer said in a statement. Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.
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MLTX | Hot Stocks10:18 EDT MoonLake Immunotherapeutics presents 12-week data from Phase 2 MIRA trial - MoonLake Immunotherapeutics announced that 12-week results from its global Phase 2 MIRA trial evaluating the efficacy and safety of the Nanobody sonelokimab in patients with moderate-to-severe hidradenitis suppurativa were presented today during a late-breaking session at the European Academy of Dermatology and Venereology Congress held in Berlin, Germany. The EADV presentation follows the announcement, in June 2023, of the topline 12-week results from the trial in 234 patients, which marked a landmark milestone as the first placebo-controlled randomized trial in HS to report results using HiSCR75 as the primary endpoint. The primary analysis was based on the most stringent type of analysis for such trials, intent-to-treat non-responder imputation. The MIRA trial met its primary endpoint with a significantly higher proportion of patients treated with both sonelokimab 120mg and 240mg achieving HiSCR75 compared to those on placebo at week 12. Sonelokimab also met the key secondary endpoint with a significantly higher proportion of patients treated with both sonelokimab 120mg and 240mg achieving HiSCR50 compared to those on placebo at week 12. Both doses performed similarly, with the 120mg dose providing the highest delta on HiSCR75 and HiSCR50. The 120mg dose achieved a 29 percentage points delta to placebo on HiSCR75 and a 38 ppt delta to placebo on HiSCR50. As early as week 8, a significant difference in response between sonelokimab and placebo was observed across HiSCR thresholds, including HiSCR90. In addition, other clinically relevant secondary endpoints also reached statistical significance at week 12 with sonelokimab compared with placebo. This included improvements in International Hidradenitis Suppurativa Severity Score System 4, significantly greater complete resolution of draining tunnels as well as significant improvements in patient reported quality of life, skin pain, and HS symptoms. The safety profile of sonelokimab was consistent with previously reported studies with no new safety signals observed. Overall, sonelokimab continues to show a favorable safety profile, in line with the known profile of IL-17 inhibitors. Full results from the MIRA trial will be submitted for publication in a peer-reviewed medical journal and for presentation at an upcoming scientific meeting.
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LXFR | Hot Stocks10:00 EDT Luxfer falls -11.9% - Luxfer is down -11.9%, or -$1.60 to $11.84.
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FMS | Hot Stocks10:00 EDT Fresenius Medical falls -16.8% - Fresenius Medical is down -16.8%, or -$3.53 to $17.42.
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DVA | Hot Stocks10:00 EDT DaVita falls -16.9% - DaVita is down -16.9%, or -$15.46 to $75.82.
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RYAM | Hot Stocks10:00 EDT Rayonier Advanced Materials rises 6.7% - Rayonier Advanced Materials is up 6.7%, or 22c to $3.49.
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COHR | Hot Stocks10:00 EDT Coherent rises 6.8% - Coherent is up 6.8%, or $2.25 to $35.31.
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MIXT | Hot Stocks10:00 EDT MiX Telematics rises 8.8% - MiX Telematics is up 8.8%, or 50c to $6.16.
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ACAQ | Hot Stocks09:47 EDT Athena Consumer Acquisition Corp trading resumes
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LXFR | Hot Stocks09:47 EDT Luxfer falls -14.4% - Luxfer is down -14.4%, or -$1.93 to $11.51.
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FMS | Hot Stocks09:47 EDT Fresenius Medical falls -15.9% - Fresenius Medical is down -15.9%, or -$3.33 to $17.62.
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DVA | Hot Stocks09:47 EDT DaVita falls -16.3% - DaVita is down -16.3%, or -$14.87 to $76.41.
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MIXT | Hot Stocks09:47 EDT MiX Telematics rises 7.6% - MiX Telematics is up 7.6%, or 43c to $6.09.
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AZZ | Hot Stocks09:47 EDT AZZ Inc. rises 7.8% - AZZ Inc. is up 7.8%, or $3.60 to $49.50.
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COHR | Hot Stocks09:47 EDT Coherent rises 8.0% - Coherent is up 8.0%, or $2.65 to $35.71.
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COSM | Hot Stocks09:38 EDT Cosmos Health to acquire Cloudscreen for initial purchase price of $1M - Cosmos Health entered into a purchase agreement to acquire Cloudscreen, an AI powered platform. Cloudscreen is a multimodal platform for drug repositioning and repurposing. It integrates both 1D and 3D data types into its AI algorithm, which thoroughly analyzes the druggable proteome and variome, offering accurate predictions for repurposing of existing drugs toward new indications. The platform is accompanied by in vitro validation for both toxicity and effectiveness. The planned acquisition of Cloudscreen encompasses the software, its registered trademark, and associated know-how. The founders of Cloudscreen and its senior scientific team would continue to lead and manage the research, initiation, and execution of new drug repurposing projects. As a starting point, Cloudscreen's team is anticipated to undertake five repurposing projects, with the potential for each project to lead to patent filing upon successful completion of the in vitro validation phase. The total investment is expected to exceed $5M through 2029. This amount includes an initial purchase price of approximately $1M: EUR 300,000 in cash and a stock consideration valued at $700,000, based on an issuance price of $2.50 per share. Additionally, there will be an ongoing annual investment of EUR 400,000 for the initiation of repurposing projects, along with the recruitment of key scientific and technical personnel.
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KSCP | Hot Stocks09:36 EDT Knightscope announces two sales for K5 ASRs - Knightscope announces two new sales for its K5 Autonomous Security Robots as well as an expansion sale from an existing user of Knightscope's K1B line of emergency communication systems.
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ACAQ | Hot Stocks09:36 EDT Athena Consumer Acquisition Corp trading halted, volatility trading pause
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CNVS | Hot Stocks09:34 EDT Cineverse' Bloody Disgusting enters collection collaboration with Spencers - Cineverse's horror brand, Bloody Disgusting, has launched an exclusive partnership with Spencer's, reaching over 680 stores nationwide. Bloody Disgusting produced this new line in partnership with apparel licensee Ripple Junction. The exclusive Bloody Disgusting merchandise line celebrates several of the most revered faces in horror, with collaborations including Terrifier's Art The Clown, Child's Play's Chucky, Halloween's Michael Myers, The Texas Chain Saw Massacre's Leatherface, Friday the 13th's Jason Voorhees, The Exorcist's Regan and the Killer Klowns From Outer Space all printed on premium pigment-dyed heavyweight T-shirts branded with a dripping Bloody Disgusting logo.
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BTTX | Hot Stocks09:33 EDT Better Therapeutics announces topline findings from AspyreRx analysis - Better Therapeutics announced top-line findings from a recent subgroup analysis of AspyreRx in its pivotal trial for type 2 diabetes, or T2D. The analysis reveals that adjunctive use of AspyreRx with standard of care, including GLP-1 receptor agonists, leads to a substantially greater clinical improvement compared to control participants who did not incorporate AspyreRx into their regimen. The subgroup analysis, involving approximately 160 participants on GLP-1s randomized to the active and control arm of the study, exhibited an average reduction in HbA1c of 0.7% at 90 days, between the two groups. This exceeds the results of the entire BT-001 pivotal trial population, where AspyreRx outperformed the standard of care control arm by 0.4%. Both reductions were statistically significant when compared to the corresponding control group. In addition to improvements in HbA1c at day 90, participants that were on both GLP-1 medications and AspyreRx also showed greater HbA1c reduction, greater weight loss, and utilized fewer medications at day 180 when compared to participants on GLP-1 medications without AspyreRx. The data for this subgroup analysis are being submitted for peer-reviewed publication. As previously reported, the BT-001 pivotal trial, the largest randomized controlled study ever conducted of a digital therapeutic to evaluate glycemic response in participants with T2D, met both its primary and secondary endpoints demonstrating statistically and clinically meaningful reductions in HbA1c over the control group receiving standard of care. The results achieved were sustainable and improved between day 90 and day 180 of the trial, demonstrating that AspyreRx has the potential to deliver meaningful, durable improvements in blood sugar control for a complex range of patients with T2D already on blood sugar lowering medications. In addition, exploratory data revealed a host of cardiometabolic improvements alongside reduced medication and healthcare utilization in comparison to the control group, supporting the potential for AspyreRx to improve the overall health of patients with T2D and potentially reduce increasingly costly interventions associated with the progression of the disease. A cost effectiveness analysis, which was part of a broader Health Economics and Outcomes Research conducted by Better Therapeutics, indicates that the utilization of AspyreRx may not only be more effective than standard of care alone but may also be less costly for payers. The new subgroup analysis data may be particularly relevant in the context of recent draft guidance from the FDA, titled 'Regulatory Considerations for Prescription Drug Use-Related Software,' released in September, which provides clarity about the agency's views and intent to consider the combined effectiveness of pharmaceuticals and digital therapeutic solutions when making drug labeling decisions.
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SMID | Hot Stocks09:28 EDT Smith-Midland Corp expects increased sales volumes for remainder of 2023 - The company said, "With the growing backlog and continued strength in bidding activity, Smith-Midland anticipates increased sales volumes for the remainder of 2023 and continuing into 2024. The immediate outlook of continued infrastructure initiatives across the United States are anticipated to yield positive tail winds across our portfolio of patented, proprietary, and custom products. While we see a continually dynamic macro environment including increases in labor and material costs, we are working hard to mitigate these effects and to attract and retain quality labor as well as manage input costs. Backlog was approximately $60.9 million recorded as of August 1, 2023. The majority of the backlog is anticipated to be fulfilled within 12 months; however, some projects will have a multi-year timeline. The Company remains focused on long-term strategic growth initiatives to drive shareholder value."
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CVS | Hot Stocks09:28 EDT CVS Health says 'do not have knowledge of final 2024 Star ratings' - CVS Health issued the following statement on 2024 Star ratings: "At this time, CMS has not disclosed the final 2024 Star ratings. Accordingly, CVS Health and Aetna do not have knowledge of the final 2024 Star ratings and cannot confirm the ratings at this time."
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GE VJET | Hot Stocks09:26 EDT GE Research selects Voxeljet as partner on DoE $14.9M award to develop ACC - GE Research (GE) has selected voxeljet (VJET) as its partner for the U.S. Department of Energy's DoE $14.9 million award in federal funding for the development and commercialization of a large sand binder jet 3D printer, called Advanced Casting Cell ACC , to accelerate the United States' transition to clean power. The Advanced Casting Cell project was established to strengthen the U.S. manufacturing industry and expertise to boost the cost-effective domestic production of large metallic near net shape components in alignment of the Biden Administration's clean power-generation strategy. The ACC will be developed and deployed to produce sand molds to manufacture metallic NNS parts. With development of the ACC, the project includes the digital creation of mold designs via a digital foundry as well as the completion of a techno-economic analysis of cost and supply chain challenges. The project aims to produce 3D-printed large scale sand molds to cast components for the nacelle of the GE Haliade-X Offshore Turbine. The nacelle, where mechanical components are housed, can weigh more than 60 metric tons. The goal is to reduce the time it takes to produce this pattern and mold, from around ten weeks to two weeks. According to Data Bridge Market Research, the global wind turbine nacelle market has estimated to be valued at $6.6B.
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RENB | Hot Stocks09:26 EDT Renovaro BioSciences appoints Avram Miller to board of directors - Renovaro Biosciences announced that Avram Miller will join its Board of Directors. Beyond this board position, Mr. Miller will also take on an advisory role, contributing to the company's strategy and business development efforts. He co-founded Intel Capital and served as Intel's Corporate Vice President of Business Development.
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HERTF | Hot Stocks09:23 EDT Heritage Cannabis procures extraction machine expected to increase capacity - Heritage Cannabis announced the procurement of an EU GMP certified extraction machine to be added to the existing fleet of extractors which will double the company's hydrocarbon processing capacity. The extractor has the capacity to add 3,600,000 grams of cannabis processing and is EU GMP certified - a global standard for manufacturing practices - allowing for increased international sales of Heritage's cannabis derivative products to countries such as Germany, the United Kingdom, Australia, and others as cannabis legalization continues to expand across the globe.
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TRNO | Hot Stocks09:20 EDT Terreno Realty acquires industrial property in California for $45.7M - Terreno Realty acquired an industrial property located in Redondo Beach, California for a purchase price of approximately $45.7M. The property consists of one industrial transshipment building containing approximately 67,000 square feet and one industrial flex building containing approximately 45,000 square feet on 6.7 acres. The property is at 2411 Santa Fe Avenue, west of Interstate 405 between Los Angeles International Airport and the ports of Los Angeles and Long Beach, provides 23 dock-high and one grade-level loading positions and parking for 200 cars. The property is 100% leased to two tenants and the estimated stabilized cap rate is 5.3%.
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SFM | Hot Stocks09:19 EDT Sprouts Farmers Market announces California distribution center in Fullerton - Sprouts Farmers Market recently unveiled its new southern California distribution center in Fullerton, CA. The new state-of-the-art facility is strategically positioned to enhance the efficiency and freshness of produce deliveries to over 95 Sprouts stores within a 250-mile radius of the Fullerton site and has ample capacity to support future growth in the region..."We are committed to bringing the freshest, locally sourced produce to market, and the Fullerton distribution center exemplifies this commitment. The facility not only augments our efforts to expand across California and the country, but also strengthens our commitment to environmental sustainability," said Jack Sinclair, chief executive officer of Sprouts. "Equipped with advanced ripening rooms, the new DC ensures optimal conditions for produce storage, providing shoppers perfectly ripe avocados and bananas. Our ability to deliver fresh, high-quality produce at an exceptional value is supported by our network of distribution centers, direct grower relationships, and enhanced quality control."
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AI SHEL | Hot Stocks09:17 EDT C3 AI, Shell expand collaboration for asset monitoring, predictive maintenance - C3 AI announced that the C3 AI Reliability application will now include predictive maintenance software developed by Shell. Shell's predictive maintenance technology will continue to run on C3 AI Reliability as the two companies are close collaborators. ..Now, C3 AI will integrate this predictive maintenance technology into the C3 AI Reliability application, making it available to other customers and further advance C3 AI Reliability as the industry standard for predictive maintenance. To realize the most value from AI, C3 AI and Shell are pursuing a roadmap starting with reliability and asset monitoring solutions, focusing on safety, asset integrity, process and production optimization, and sustainability solutions. This collaboration marks a continued commitment of the C3 AI program across Shell. In addition, this collaboration will streamline the offerings available within the Open AI Energy Initiative marketplace. Founded in early 2021 by C3 AI, Shell, Baker Hughes, and Microsoft, the OAI Energy is an open ecosystem of AI-based solutions for the energy and process industries. Shell's OAI Energy offerings, including the Shell Predictive Maintenance for Control Valves application, will still be available on the OAI Energy platform for purchase by members.
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UBER | Hot Stocks09:17 EDT Uber announces multi-store ordering for Uber Eats - Uber said in a blog post: "We're introducing multi-store ordering, a feature that will allow you to order from a second nearby restaurant, convenience, or liquor store in the same session, without paying an additional Delivery Fee. This builds upon earlier testing of ways to add items to an order-and brings a major expansion in the stores and restaurants available for bundling. Whether you're looking to add gelato to your pizza order or you want Thai but your spouse wants tacos, now you can build the cart you want from multiple Uber Eats merchants you love and have all of your items delivered together." Multi-store ordering is live now in the Uber Eats app nationwide, Uber said. Reference Link
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SUNW | Hot Stocks09:10 EDT Sunworks awarded commercial grade EV charging system contract - Sunworks signed an agreement with an existing solar PV customer to install multiple commercial grade electric vehicle charging systems. This Sunworks agricultural customer is expanding its commitment to sustainability by adding an EV charging system to support the EV charging needs of its employees, customers, and to power electric farm equipment.
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LPLA | Hot Stocks09:08 EDT LPL Financial announces Jared West, Sandy Brown join Linsco - LPL Financial announced that financial advisors Jared West and Sandy Brown have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch West Wealth Advisory Powered by LPL Financial. They reported having served approximately $390 million in advisory, brokerage and retirement plan assets and come to LPL from Merrill Lynch.
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GSK | Hot Stocks09:08 EDT GSK to present new data from B-Together phase IIb trial at AASLD meeting - GSK plc announced it will present 14 abstracts at the American Association for the Study of Liver Diseases' AASLD The Liver Meeting 2023, taking place in Boston, MA from November 10-14. Presentations feature data from two novel investigational specialty medicines, bepirovirsen, an antisense oligonucleotide for chronic hepatitis B, and linerixibat, an ileal bile acid transporter inhibitor for cholestatic pruritus in primary biliary cholangitis, or PBC. Key data include the first oral presentation of full results from the B-Together phase IIb trial investigating bepirovirsen followed by pegylated interferon alfa as treatment for people with CHB on nucleos(t)ide analogue therapy, the company noted. Chris Corsico, SVP, Development, GSK said: "We're looking forward to highlighting research in a variety of serious liver conditions, stemming from our expertise in infectious disease, immunology and human genetics. Our presentations include new data for bepirovirsen which not only further our understanding of its durability of response and role as a future backbone of chronic hepatitis B treatment, but also improve our understanding of the heterogeneous nature of hepatitis B infections. These data across chronic liver diseases demonstrate our enduring commitment to ultimately improve patient care."
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FAT | Hot Stocks09:08 EDT Fat Brands' Pretzelmaker announces deal to open 25 units in Canada - FAT Brands parent company of Pretzelmaker and 17 other restaurant concepts, announces a development deal to open 25 new franchised locations in Canada in partnership with Canadian Cookie Enterprises, Inc. The Pretzelmaker locations will open throughout the country over the next 10 years. "Canadian Cookie Enterprises, Inc. has proven to be an integral expansion partner for Pretzelmaker in Canada throughout the past two decades," said Taylor Wiederhorn, Chief Development Officer of FAT Brands. "Building on their existing footprint of 52 Canadian units, we are pleased to finalize a new development agreement to build 25 additional locations throughout the country. This growth underscores our dedication to international growth as we continue to scale the Pretzelmaker brand."
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TRNR | Hot Stocks09:07 EDT Interactive Strength to acquire CLMBR, transaction expected to close in Q4 - Interactive Strength, Inc. d/b/a FORME announced that it has entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc., the maker of the first-to-market connected vertical climber. Trent Ward, Co-Founder and CEO of FORME, said: "We believe this will be a transformational acquisition that can accelerate the Company's commercialization path. Further, we believe the combination of these businesses can create tremendous value for all of our shareholders." Ward continues, "We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth, profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels." FORME and CLMBR have executed a binding acquisition agreement and are proceeding towards closing the transaction as soon as all closing conditions are met by all parties involved, which is expected to be in the fourth quarter of 2023. Transaction Highlights: The pending acquisition is expected to yield several strategic and financial benefits, positioning the combined entity for further growth: Rationale: Expected to provide immediate scale in all functions; Generates material and near-term cashflow for TRNR; Diversifies revenue, with significant growth in B2B channel; Gaining strong B2B distribution partner in WOODWAY. Projected financials: Combined revenue in 2024 is expected to exceed $20 million; Run-rate cashflow positive and adjusted EBITDA profitable potentially as early as the fourth quarter of 2024. Valuation: Enterprise Value of deal is $16.9 million; Approximately 1x EV / Projected 2024 CLMBR revenue; Between 2x and 4x EV / Projected 2024 CLMBR EBITDA, pro-forma for synergies. Consideration: $6.0 million of TRNR common equity issued at transaction close; Number of shares is determined by the VWAP for the ten days before the close of transaction, with min/max of $1.01 and $1.69 per share; Earn-out potential for achieving certain levels of B2B unit sales in 2024, paid in TRNR common equity; $1.5 million of subordinated debt assumed; $9.4 million senior debt to be refinanced. Timing: Expected to close as early in the fourth quarter of 2023
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CHKP | Hot Stocks09:07 EDT Check Point announces immediate availability of Quantum SASE - Check Point announced the immediate availability of Quantum SASE, integrating technologies from newly acquired Perimeter 81. This integrated offering addresses organizations' needs for a unified user experience, simplified Secure Access Service Edge management, and a fast, secure browsing experience. It enhances the company's Infinity architecture with a unified SASE solution offering 2x faster internet security, full mesh Zero Trust Access, and Secured SD-WAN with industry-leading threat prevention.
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AVPT | Hot Stocks09:05 EDT AvePoint announces launch of AI Trust Foundation - AvePoint hosted the launch of the AI Trust Foundation, a non-profit membership organization designed to be the leading voice for promoting beneficial AI through education and outreach at all levels of society, at its #shifthappens Conference in Washington, D.C. Founding members of the AI Trust include Pryor Strategy Group and AvePoint. Partners supporting the AI Trust include 501cStrategies, Global Impact and Pillsbury.
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VRNS | Hot Stocks09:03 EDT Varonis launches data center in Canada for cloud-native security - Varonis Systems announced its first local data center in Canada to support new customers as well as existing customers moving to Varonis' SaaS offering. The new data center, located in Toronto, is the third to open in recent months and underscores the company's commitment to bringing data security automation and innovation to customers worldwide. The Canada data center will help Varonis meet data residency requirements and demonstrate compliance with national data privacy laws such as the Personal Information Protection and Electronic Documents Act and provincial privacy laws such as Quebec's Law 25. In Canada, Varonis works with customers in sectors including finance, healthcare, state and local governments, education, and beyond to secure critical data, monitor for unusual activity, and comply with national and industry-specific privacy regulations.
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FTNT | Hot Stocks09:03 EDT Fortinet announces eight new MSSPs adopt Fortinet Secure SD-WAN - Fortinet announced that eight new managed security service providers have recently added Fortinet Secure SD-WAN to their portfolios to deliver new value-added managed services for their customers. Automation Sensei, CommandLink, Converge ICT Solutions Inc., Evolutio, HCLTech, Proximus, Tigo Business, and TM One join a growing list of global service providers utilizing Fortinet Secure SD-WAN as the foundation for new and differentiated secure networking services.
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CLSK | Hot Stocks09:03 EDT CleanSpark acquires 4.4EH/s of Antminer S21 bitcoin mining machines - CleanSpark announced it has purchased 4.4 exahashes per second, or EH/s, of the recently announced Antminer S21 bitcoin mining machines. The acquisition continues CleanSpark's track record as one of the largest, most efficient publicly traded bitcoin miners in North America. The machines, with deliveries set to begin in January 2024, were purchased with favorable terms, including 20% seller-based financing of the total purchase price, which is not due for 365 days after the machines are delivered. The new machine is expected to continue to reduce power consumption per bitcoin mined, thereby improving the Company's margins while supporting its dedication to being wise stewards of the energy it consumes. Once all machines are installed and hashing, the Company expects to reach an operational efficiency of 23.5 joules per terahash for a 17.25% improvement over CleanSpark's already above-average operational efficiency of 28.4 joules per terahash.
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SINT | Hot Stocks09:02 EDT Sintx awarded Phase II NIH grant for Silicon Nitride-PEEK 3D implants - SINTX Technologies announced it has been awarded a Phase II grant of $1,972,826 by the National Institutes of Health, NIH, to develop a 3D printed composite silicon nitride - polyetheretherketone, SN-PEEK, spinal implant. This represents the fourth NIH grant awarded to SINTX since the Phase I award for this project was received in September of 2021. SINTX will collaborate with the University of Pennsylvania School of Veterinary Medicine over the next 24 months to execute this project. The NIH grant will support resourcing and acquisition of materials as well as testing and trials at SINTX and Penn Vet. Upon the successful execution of the Phase II grant application goals, SINTX will have the majority of the benchtop and large animal in vivo data needed to seek FDA regulatory clearance using the 510(k) pathway. Additionally, successful demonstration of infection prevention in vivo will be a critical step towards enabling an antimicrobial device claim. "In the Phase I effort, Dr. Steven Kurtz of Drexel University and Dr. Noreen Hickok of Thomas Jefferson University were the lead university investigators while Dr. Thomas Schaer of Penn Vet provided valued consultative support for study and implant design. These scientists provided significant contributions to the proposal, and we are grateful for their continued support," said Dr. Sonny Bal, President, and CEO. "Dr. Schaer will be the lead investigator at Penn Vet while Drs. Kurtz and Hickok will assume advisory roles on the project during execution of Phase II activities. Since the NIH grant will fund the acquisition of needed benchtop data and the first ever in vivo performance data for SN-PEEK devices, the award represents a critical milestone in expanding the antibacterial and osseointegrative properties of silicon nitride into composite structures.."
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REE | Hot Stocks09:02 EDT Ree Automotive obtains EPA certification for P7 electric truck lineup - REE Automotive has received United States Environmental Protection Agency certification for its P7-C chassis cab and P7-S stripped chassis products. Certification from the EPA is another step towards REE's planned full-vehicle certification in late 2023. EPA certification confirms that REE's P7 electric truck lineup is in conformity with the Clean Air Act, which is intended to reduce and control air pollution across the United States. REE has already announced the certification feasibility for its full by-wire systems and its remaining milestones to full certification now include CARB certification and FMVSS certification.
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EPC | Hot Stocks09:01 EDT Edgewell Personal Care names LaTanya Langley as Chief People and Legal Officer - Edgewell Personal Care announced changes to its executive team to streamline leadership structure and support the company's strategic objectives. With the planned departure of John Hill, Chief Human Resources Officer, a new role of Chief People and Legal Officer has been created. LaTanya Langley, Chief Legal Officer, will be appointed to the new role effective November 6, 2023. Langley joined Edgewell in 2022 to lead Edgewell's legal matters including overseeing the company's litigation and disputes, intellectual property, contracting, compliance program, and providing legal counsel relating to all regulatory, sales and marketing. Hill will remain at Edgewell to transition his responsibilities to Langley through the end of calendar 2023.
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PLUG | Hot Stocks08:59 EDT Arcadia eFuels taps Plug Power for 280 MW electrolyzer system - Arcadia eFuels has selected Plug Power to provide a 280 MW proton exchange membrane electrolyzer system to Arcadia's Vordingborg plant for the production of sustainable aviation fuel. Arcadia eFuels has commenced a Front-End Engineering and Design study to support a Final Investment Decision and move the project to execution phase, expected by mid-2024. Arcadia eFuels projects a commercial operation date towards the end of 2026.
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TPST | Hot Stocks08:56 EDT Tempest Therapeutics sees needing 'north of $100M' to develop drug on its own - On the TPST-1120 Global Randomized Phase 1b/2 Combination Study Data Call, Tempest Therapeutics that that if Tempest were to "do this 100% alone," it would need "north of $100M" to do the study, but notes that "this drops dramatically" in a partnership. In a partnership, Tempest says the company would need to raise "under $50M" to be able to do the full phase 3 study.
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NCR | Hot Stocks08:55 EDT NCR Corp. announces Michael Hayford is retiring as CEO following separation - NCR Corp. announced that Michael Hayford is retiring as CEO upon the successful separation of NCR into NCR Atleos, focused on ATMs, and NCR Voyix, focused on digital commerce, anticipated to occur on October 16. Hayford joined NCR in 2018, and launched the company's digital transformation, establishing a customer-first culture focused on innovation.
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RVVTF | Hot Stocks08:52 EDT Revive Therapeutics provides update on novel bucillamine formulation development - Revive Therapeutics provides an update on the development of a next generation lyophilized formulation of Bucillamine. Under an agreement with the University of Waterloo, formulation development is ongoing and aims to be completed by the end of December 2023. Discussions with contract development manufacturing organizations with expertise in the clinical manufacturing of lyophilized products are ongoing. The Company expects to have its novel lyophilized formulation of Bucillamine ready for clinical evaluation in 2024. The Company intends to explore the novel Bucillamine formulation as a potential treatment for public health medical emergencies including, pandemic influenza, emerging infectious diseases, and medical countermeasure incidents and attacks. In addition, as a potent antioxidant and anti-inflammatory, Bucillamine may be useful for orphan indications in rare inflammatory disorders such as ischemia-reperfusion injury resulting from solid organ transplantation.
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LCTX | Hot Stocks08:48 EDT USPTO issues Lineage patent for proprietary manufacturing of epithelial cells - Lineage Cell Therapeutics announced that the United States Patent and Trademark Office USPTO has issued U.S. Patent No. 11,746,324, entitled "Large Scale Production of Retinal Pigment Epithelial Cells". The patent, which has been exclusively licensed to Lineage, has an expected expiration date of July 28, 2036. RG6501 is a suspension of human allogeneic RPE cells currently in development for the treatment of geographic atrophy or GA secondary to age-related macular degeneration or AMD . Subretinal delivery of OpRegen has the potential to counteract RPE cell loss in areas of GA lesions by supporting retinal cell health and improving retinal structure and function. The program is being developed under an exclusive worldwide collaboration between Lineage, Roche, and Genentech, a member of the Roche Group. "This U.S. patent further enhances the value of our lead program, OpRegen, which is currently being evaluated in a Phase 2a clinical study in patients with GA secondary to AMD " stated Brian M. Culley, CEO. "Importantly, Lineage is continuing to demonstrate its ability to benefit from decades of experience in the growth and differentiation of pluripotent cells, while simultaneously inventing and patenting new process development methods, to support long periods of exclusivity to our pipeline of cell transplant programs."
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CNSP | Hot Stocks08:48 EDT CNS Pharmaceuticals enrolls 229 of expected 243 patients in berubicin study - CNS Pharmaceuticals has achieved enrollment of 229 of the expected 243 patients in the ongoing potentially pivotal study evaluating Berubicin for the treatment of recurrent GBM, an aggressive and incurable form of brain cancer. The Company has opened 46 clinical trial sites across the U.S., Italy, France, Spain, and Switzerland. As previously announced, CNS Pharmaceuticals has reached the criteria required by the study protocol to conduct a pre-planned, non-binding futility analysis, which an independent Data Safety Monitoring Board will review to determine whether to recommend continuing the study as planned or modifying the study based on Berubicin showing potential value as a second-line treatment for patients with glioblastoma. CNS Pharmaceuticals previously reported that the Company would conduct this analysis after at least 50% of the patients in the population to be analyzed for the interim analysis had reached the primary efficacy endpoint, as provided for in the study protocol. The DSMB will review the number of deaths in each arm to ensure that the overall survival of patients receiving Berubicin shows at least a statistically significant comparability to those receiving Lomustine. Additional analyses will include comparisons of secondary endpoints, including progression-free survival response rates, and safety assessments. Upcoming Expected Milestones: Report topline results of interim analysis expected in Q4 2023. Enrollment will continue during the interim analysis.Complete enrollment in Q4 2023.
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SSU | Hot Stocks08:46 EDT SIGNA Sports United NV trading halted, news dissemination
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ONDS | Hot Stocks08:42 EDT Ondas apppoints Timothy Tenne as CEO of American Robotics - Ondas Holdings announced that Timothy Tenne has been appointed as CEO of American Robotics. Tenne will be responsible for driving platform adoption of the Optimus and Iron Drone Systems and building the field operations capability to support the delivery and scaling of aerial data solutions for government and industrial customers across the Americas. Under Mr. Tenne's leadership, American Robotics will continue to support the ongoing operations in Israel and the Middle East together with the executive team across Ondas and Airobotics. He joins Ondas from Nordic Unmanned, where he was CEO of North America operations and helped open the U.S. market for Nordic Unmanned's technology and services.
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INCY | Hot Stocks08:41 EDT Incyte 52-week data from study evaluating povorcitinib in vitiligo patients - Incyte announced new 52-week data from a Phase 2b clinical trial evaluating the safety and efficacy of povorcitinib , an investigational oral JAK1 inhibitor, in adult patients with extensive nonsegmental vitiligo. Results showed that treatment with oral povorcitinib was associated with substantial total body and facial repigmentation across all treatment groups at Week 52. These data were presented today in a late-breaking oral presentation at the European Academy of Dermatology and Venereology Congress 2023, held from October 11-14 in Berlin. "These 52-week results further support earlier data and reinforce the efficacy profile and potential of povorcitinib as an oral treatment for patients with extensive nonsegmental vitiligo," said Kurt Brown, M.D., Vice President and Povorcitinib Global Program Head, Incyte. "At Incyte, we are deeply committed to addressing unmet needs in the vitiligo community and understanding how this disease can affect patients' lives. Today's data highlight exciting progress as we work to bring new potential treatment options to patients living with this immune-mediated skin condition."
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AREC | Hot Stocks08:41 EDT American Resources' ReElement files to convert from LLC to corporation - American Resources Corporation's ReElement Technologies has filed the necessary paperwork to convert from a LLC to a corporation in preparation of its spinoff into a standalone public company under the name ReElement Technologies Corporation with a reserved ticker of RLMT. Conversion of the company to a corporation will allow for the common shares of ReElement to be distributed proportionally to the shareholders of American Resources Corporation, at a record date that will be set by the Board of Directors and communicated to shareholders. The Company, its Board of Directors and Special Committee have set out the following objectives which are in process: Spinoff ReElement into an independently run and operated business focused on the pure play refining of battery and rare earth elements into battery and magnet grade; Monetization of the metallurgical carbon mining business either through the sale or spinoff of such assets; and Focus on American Resources, post such events, taking ownership stakes in attractive critical mineral and rare-earth element resources opportunities.
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DLTR | Hot Stocks08:38 EDT Family Dollar recalling certain OTC drugs, medical devices, says FDA - Family Dollar is initiating a voluntary retail-level product recall of certain over-the-counter drugs and medical devices regulated by the U.S. Food and Drug Administration. These items were stored outside of labeled temperature requirements by Family Dollar and inadvertently shipped to certain stores on or around June 1, 2023 through September 21, 2023. These items were sold at those stores between June 1, 2023 and October 4, 2023. To date, Family Dollar has not received any consumer complaints or reports of illness related to this voluntary recall. This recall is being conducted out of an abundance of caution, the FDA said in a statement. Reference Link
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PALT | Hot Stocks08:38 EDT Paltalk appoints Cook to board of directors - Paltalk announced that Geoffrey Cook was appointed to the board of directors of the Company, effective immediately. The Company increased the size of the board of directors from five directors to six directors, and Cook was selected to fill the newly created vacancy. Jason Katz, Chairman and CEO of Paltalk, commented, "We are thrilled to have Geoff join our board of directors at this time, as we embark on further advancing our business both organically and acquisitively. His experience, knowledge, and success in growing The Meet Group, and ultimately selling it in 2020 for $500 million to ProSiebenSat.1 Media, enables Geoff to provide us valuable guidance going forward. We look forward to Geoff's insight and input as we evaluate the Company's opportunities and continue to build and execute strategic plans."
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CDT | Hot Stocks08:38 EDT Conduit partners with ClinConnect on cocrystal development for AZD1656 - Conduit Pharmaceuticals announced a partnership with ClinConnect, a first-of-its-kind platform redefining how patients and clinical trials find each other, to conduct a cocrystal development program to evaluate Conduit's AZD1656 compound. AZD1656 is a molecule with potential treatment applications currently in a wide variety of autoimmune disorders. The cocrystal program will seek to identify, characterize, and validate suitable cocrystal partners for AZD1656 to solve for current challenges associated with solubility, stability, and bioavailability. "Working with ClinConnect to develop this cocrystal program and advance AZD1656 was a natural fit. Together, we hope to move this compound forward faster than through traditional channels and with the same scientific rigor," said Dr. David Tapolczay, Chief Executive Officer of Conduit. "AZD1656 has shown promise in early studies already conducted by AstraZeneca, and we are thrilled at its potential. We're proud to act swiftly in pursuit of our goal of offering a leaner, more efficient, and effective pathway to advance compelling assets for patients."
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EMR NATI | Hot Stocks08:38 EDT Emerson Electric completes acquisition of National Instruments - Emerson (EMR) announced it has closed its acquisition of NI (NATI), a provider of software-connected automated test and measurement systems, at an equity value of $8.2B. NI will become a new reported segment within Emerson called Test & Measurement and will be consolidated into the Software and Control group. As a result of the transaction's closing, NI's common stock has ceased trading on the Nasdaq.
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SSP | Hot Stocks08:38 EDT E.W. Scripps completes cable and satellite carriage agreements - The E.W. Scripps has successfully completed cable and satellite carriage agreements that account for about 75% of the company's subscriber households. The renewals also expand the number of stations on which Scripps is paid a distribution fee, growing revenue and expanding distribution margins. Scripps recently launched Scripps Sports and Scripps News programming on two full-power, independent stations in its existing markets of Las Vegas and Salt Lake City, where it already operates ABC-affiliated stations. For FY23, Scripps expects: $750M in Local Media division distribution revenue, nearly 15% growth over 2022; a 40% increase in net distribution dollars. Separate from any new fees associated with incremental Scripps Sports rights acquisitions, the company has 5% of its cable/satellite households renewing in 2024 and in the low 20% range in 2025.
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QUISF MSFT | Hot Stocks08:38 EDT Quisitive Technology collaborates with Microsoft for healthcare data solutions - Quisitive Technology will collaborate with Microsoft to leverage the new healthcare data solutions in Microsoft Fabric for Ontario Workers Network, the Ottawa Hospital, and other hospitals in the network. Fabric is an end-to-end, unified analytics platform that seamlessly integrates various data and analytics tools like Microsoft Azure Data Factory, Azure Synapse Analytics, and Power BI into a single unified product, empowering healthcare professionals to unlock the potential of their data to better serve patient needs. Quisitive is leveraging Microsoft solutions for OWN to securely migrate 35,000 patient files from a legacy database to Fabric, producing new insights about patient health. The migration will increase efficiency and capacity in data analysis for healthcare organizations by utilizing the rich capabilities of Fabric.
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SGBX | Hot Stocks08:37 EDT Safe & Green in pact with Impact for 3 modular Comfort Homes in Houston, TX - Safe & Green Holdings announces an agreement with Impact Housing to construct 3 modular Comfort Homes in Houston, Texas, for the Tunnel to Towers Foundation. The program aims to eradicate homelessness amongst nearly 35,000 veterans nationwide by providing high-quality permanent housing solutions with comprehensive wrap-around services aimed at diagnosing root causes of homelessness, and working to reintegrate veterans back into the community, which they sacrificed life and limb to protect. Paul Galvin, Chairperson and CEO, stated, "We are honored to collaborate with Impact Housing and the Tunnel to Towers Foundation to build the Foundation's inaugural three Comfort Homes. Each unit, measuring 35 feet in length and 14 feet in width, will be presented to a veteran in the Houston vicinity. The goal for the project is to kick off by early November. Houston was selected by the Tunnel to Towers Foundation as the location for their first development community and these three units are the beginning of this development. We look forward to building additional Comfort Homes for the Tunnel to Towers Foundation as they expand this commendable mission of combating veteran homelessness across the United States, while recognizing their invaluable service. By offering secure, easily deployable, and cost-effective homes, we aim to make a substantial impact in eradicating homelessness and empowering these Veterans to reestablish their lives."
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BLIN | Hot Stocks08:37 EDT Bridgeline Digital signs $6M in new customer contracts in fiscal 2023 - Bridgeline Digital provided the following update for the end of its fiscal year 2023. In fiscal 2023, Bridgeline signed more than $6M in new license contracts and had a revenue renewal rate of more than 90%. The HawkSearch product line led the company's success with HawkSearch growing to nearly 50% of Bridgeline's revenue with a revenue renewal rate of more than 95%. In its fourth quarter, Bridgeline booked an additional 27 sales for $900 thousand in contract value that adds $375 thousand in annual recurring revenue. Bridgeline closed the fourth quarter with a 92% revenue renewal rate for $2 million in contracts, totaling $9 million in renewals for the year. "By powering product discovery, our platform enables businesses to grow revenue. Not only do we drive more visitors to websites, but we also ensure those visitors become customers and make larger purchases," commented Ari Kahn, Bridgeline's CEO. "Our consistent track record of boosting online visits by up to 25%, elevating conversions by 35%, and raising the average transaction value by 25% attracts many to our software."
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SILO | Hot Stocks08:36 EDT Silo Pharma initiates human factor study of SPC-15 in PTSD - Silo Pharma announced plans to initiate a human factor study of its targeted prophylactic treatment SPC-15 for the treatment of post-traumatic stress disorder. The study will evaluate the human factor interface and usability of SPC-15's intranasal formulation in combination with a nose-to-brain delivery mechanism.
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YTEN | Hot Stocks08:35 EDT Yield10 provides update on recent advancement in development of Camelina - Yield10 Bioscience announced recent advancements toward enabling weed control for Camelina cultivation and supporting grower adoption of the crop for production of low-carbon intensity feedstock oil for the biofuel market. Control of broadleaf weeds is essential for the rapid adoption and success of commercial crops in North America. Yield10 is establishing a leadership position in the development of herbicide tolerant Camelina to drive broad acceptance of the crop by growers. The Company is developing Camelina with tolerance to a broad leaf herbicide, which has been used safely in commercial crop production for over 25 years. In addition, Yield10 is developing an herbicide package for Camelina, incorporating tolerance to over-the-top application of broadleaf herbicide as well as tolerance to soil residual Group 2 herbicides, which are commonly used to control weeds in cereal crops. "The Yield10 team is making significant progress toward our goal of launching elite herbicide tolerant Camelina for producing feedstock oil for the biofuels market," said Kristi Snell, Ph.D., Chief Science Officer of Yield10 Bioscience. "We aim to facilitate the seamless integration of Camelina with current weed control and crop rotation practices of major crops in order to enable the planting of Camelina on large-scale acreage. This winter, we anticipate that our program will achieve another important milestone as we conduct field tests of stacked HT winter Camelina for the first time. We will also continue to execute on seed scale-up and regulatory activities in support of the planned commercial launch of our elite HT and stacked HT Camelina varieties."
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OMH | Hot Stocks08:35 EDT Ohmyhome acquires Simply Sakal for $3.5M - Ohmyhome announces the acquisition of Simply Sakal, a tech-enabled property management company in Singapore, by Ohmyhome Limited, a wholly owned subsidiary of Ohmyhome. Ohmyhome acquired a 100% interest in Simply for a consideration of approximately $3.5M via a combination of cash and stock. Residents in around 6,000 units managed by Simply in Singapore will be able to access Ohmyhome's latest homeowner dashboard, Homer AI, for quality information and content on their home value and latest property trends, as well as Ohmyhome's quality services such as brokerage, renovation, cleaning, and handyman services directly on their fingertips. The expanded service offering and strong vertical integration will create more value to Simply's current and future customers and accelerate the expansion of Ohmyhome user base. The company's preliminary estimate of potential synergies resulting from the transaction is S$9 million in the first year and positive EBITDA in the second year, mainly driven by aggressive growth plans and cost optimisation of operational efficiencies. Following the acquisition, Simply will also be rebranded as Ohmyhome Property Management subject to requisite notice and approvals.
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RLMD | Hot Stocks08:35 EDT Relmada Therapeutics reports preclinical data on its novel psilocybin - Relmada Therapeutics announced that new preclinical data on its novel psilocybin will be highlighted in a poster presentation at the American Association for the Study of Liver Diseases, or AASLD, The Liver Meeting 2023, being held November 10-14, 2023, in Boston, MA. The data demonstrate the beneficial effect of non-psychedelic/low dose psilocybin on multiple metabolic parameters in a rodent model of metabolic dysfunction-associated steatotic liver disease, or MASLD. Mice were fed a high fructose, high fat diet, or HFHFD, for 17 weeks to induce MASLD, along with hyperglycemia, hyperlipidemia and significant weight gain. One group of MASLD mice was treated with low-dose psilocybin daily and a second with vehicle daily by oral gavage while continuing on HFHFD. Standard diet-fed mice were used as controls. Body-weight and food intake were assessed weekly. Key statistically significant results in psilocybin-treated mice relative to HFHFD vehicle-treated mice include: Significantly reduced hepatic steatosis; 12% reduction in body weight gain with no reduction in food intake; Significant decrease in fasting blood glucose level and AUC in an Oral Glucose Tolerance Test
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TROW | Hot Stocks08:33 EDT T. Rowe Price reports preliminary AUM $1.35T at September 30 - T. Rowe Price Group reported preliminary month-end assets under management of $1.35T as of September 30, 2023. Preliminary net outflows were $4.2B for September 2023 and $17.4B for the quarter-ended September 2023.
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SLS | Hot Stocks08:33 EDT Sellas Life announces first patient dosed in Phase Ib/II trial of SLS009 - SELLAS Life Sciences announced that its partner GenFleet Therapeutics has dosed the first patient in a Phase Ib/II trial evaluating SLS009 in relapsed/refractory Peripheral T-cell Lymphomas, PTCL. The open-label, single-arm trial will enroll up to 95 patients to evaluate safety and efficacy and, based on the results, may serve as a registrational study. This initial PTCL study is fully funded by GenFleet and is being conducted in China. "SLS009 is a novel and highly selective CDK9 inhibitor which, to date, has shown tremendous therapeutic promise across multiple blood cancers," said Angelos Stergiou, MD, ScD h.c., President and Chief Executive Officer of SELLAS. "We are pleased with the initiation of the Phase Ib/II trial of SLS009 in the underserved PTCL patient population. Collaborating with GenFleet amplifies the potential of our highly selective CDK9 inhibitor in multiple indications and reflects our joint commitment to delivering this groundbreaking treatment to cancer patients globally. While our primary efforts are focused on acute myeloid leukemia in the United States, we remain fully supportive and deeply involved in the PTCL study and will make further development decisions for this indication as we obtain initial data for this Phase Ib/II study from our partner."
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CRMD | Hot Stocks08:32 EDT CorMedix announces abstract presentation at IDWeek conference - CorMedix announced that an abstract has been accepted for presentation at the IDWeek 2023 meeting being held in Boston, Massachusetts, October 11 - 15. The abstract being presented highlights data regarding in vitro activity of taurolidine against the fungus Candida auris, an emerging cause of life-threatening bloodstream infections, with increasing resistance to common antifungal agents. Taurolidine exhibited in vitro antimicrobial activity against all C. auris strains and isolates regardless of geographic source, year of isolation, or clade. There was no evidence that taurolidine activity was affected by resistance to amphotericin B or fluconazole. Based on the in vitro data, catheter lock solutions containing the broad-spectrum antimicrobial taurolidine have the potential to prevent catheter related bloodstream infections caused by C. auris, including clinical isolates that are resistant to common antifungals.
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ABBV | Hot Stocks08:32 EDT AbbVie announces new data from Phase 3 studies of RINVOQ - AbbVie announced new data analyses from the Measure Up 1, Measure Up 2 and AD Up Phase 3 studies that further demonstrated the long-term efficacy and safety profile of RINVOQ, or upadacitinib, among adults and adolescents 12 years and older with moderate to severe atopic dermatitis through 140 weeks. Study results will be orally presented on Wednesday, October 11, at the 32nd European Academy of Dermatology and Venereology, or EADV, Congress in Berlin. In the Measure Up 1, Measure Up 2 and AD Up Phase 3 studies, a significantly higher proportion of patients treated with upadacitinib achieved the co-primary endpoints of improvement in skin clearance, measured by an EASI score of 75 and vIGA-AD 0/1 at week 16, compared to those who received placebo.1 Additionally, more upadacitinib-treated patients achieved the secondary endpoint of improvement in skin clearance, measured by an EASI score of 90, and an additional endpoint of itch reduction at week 16, compared to placebo-treated patients.1 The efficacy of both upadacitinib doses was consistently maintained for these important measures across all three studies through week 140.1
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UPH | Hot Stocks08:32 EDT UpHealth appoints Beck as CEO, reduces additional 20 corporate roles - UpHealth announced the October 5, 2023 appointment by the Board of Directors of the Company of Martin Beck to serve as the Company's next Chief Executive Officer, replacing Samuel Meckey, effective October 6, 2023, and Beck being named as a member of the Board of Directors effective October 9, 2023. Beck has been UpHealth's Chief Financial Officer since February 2020. Jay Jennings, currently the Company's Chief Accounting Officer, will assume the role of Chief Financial Officer. The Company also announced the reduction of an additional 20 corporate roles. These organizational changes do not impact the Company's business units. This action was taken to mitigate the financial impact of the September 14, 2023 decision by a trial court in New York to grant summary judgment in favor of Needham & Company. The Company continues to seek a fair resolution through an appeals process of the judgment.
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ALLY | Hot Stocks08:32 EDT Ally Financial CEO Jeffrey Brown to step down early next year - Ally Financial announced that Jeffrey Brown will be stepping down early next year after serving as CEO and a member of Ally's Board of Directors since 2015. The Board has engaged a leading global executive search firm, and the search for a successor is underway. Brown will remain with Ally until January 31, 2024, or an earlier date determined by the Chair of the Board to help ensure a smooth leadership transition. Following his departure, Brown will become President of Hendrick Automotive Group, a longtime customer of Ally and the largest privately held automotive retail organization in the United States with nearly 11,000 employees and 131 retail franchises across 13 states.
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ABAT | Hot Stocks08:26 EDT American Battery begins production at recycling facility in Nevada - American Battery Technology announced the operational start-up of its commercial-scale, lithium-ion battery recycling facility located in the Tahoe-Reno Industrial Center, or TRIC, in McCarran, Nevada, initiating implementation of its first-of-kind lithium-ion battery recycling technologies at an industrial scale. ABTC's first-of-kind integrated battery recycling system utilizes a strategic de-manufacturing and targeted chemical extraction train in order to recover battery materials with high yields, low cost, and with a low environmental footprint. The ABTC system results in efficient separation, recovery, and purification of high-value battery-grade products with less environmental impact and greater cost efficiencies than conventional methods. This commercial facility has the capacity to process over 20,000 metric tonnes of battery feedstock materials per year when fully ramped, and this first phase of operations will process these battery feedstock materials into recycled products including copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material that will be sold through an already executed marketing agreement with the global metals trader TechMet-Mercuria.
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CISO | Hot Stocks08:21 EDT CISO Global listed on PCI Marketplace as Qualified Security Assessor - CISO Global has been added to the PCI Marketplace as a PCI Quality Security Assessor, QSA. In this role, CISO Global is certified and authorized by the Payment Card Industry Security Standards Council, PCI SSC, to assess and validate the compliance of organizations with Payment Card Industry Data Security Standard, PCI DSS. As a PCI QSA, CISO Global performs security assessments to verify PCI DSS compliance. During these assessments, CISO Global determines whether merchants have met information security requirements specified in the PCI DSS. In addition, CISO Global is working with clients to help them achieve the new PCI DSS 4.0 Compliance standard that accounts for technological and process advancements over the past 13 years. "We are committed to helping the industry meet the increasing list of regulatory requirements as seamlessly as possible," added CISO Global CEO David Jemmett. "Our teams are focused on meeting these soon-to-be critical requirements for increased standards and practices to secure credit card data and better protect merchants and their customers so they can continue to operate their businesses without interruption."
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TPST | Hot Stocks08:20 EDT Tempest Therapeutics adopts limited duration stockholder rights plan - Tempest Therapeutics announced that its Board of Directors has adopted a limited duration stockholder rights plan, effective immediately. The Board did not adopt the Rights Plan in response to a specific takeover threat. In addition, the Rights Plan does not prevent the Board from engaging with parties or accepting an acquisition proposal if the Board believes that it is in the best interests of Tempest and all of its stockholders. The Rights Plan is similar to other plans adopted by publicly held companies in comparable circumstances, and does not contain any dead-hand, slow-hand, no-hand or similar feature that limits the ability of a future Board to redeem the rights. In connection with the adoption of the Rights Plan, the Board declared a dividend of one right for each outstanding share of the Company's common stock as of the close of business on October 23, 2023, the record date. The rights will be exercisable only if a person or group acquires or launches a tender or exchange offer to acquire beneficial ownership of 10% or more of the Company's outstanding common stock. Any stockholders with beneficial ownership of the Company's outstanding common stock above the applicable threshold as of the time of this announcement are grandfathered at their current ownership levels but are not permitted to increase their ownership without triggering the Rights Plan. Once the rights become exercisable, each right will entitle its holder to purchase, for $25.00, additional shares of the Company's common stock having a market value of twice such exercise price. In addition, the Rights Plan has customary flip-over and exchange features. The Rights Plan will expire on October 10, 2024 or, if Tempest's stockholders approve the Rights Plan, on October 10, 2026, unless the rights are earlier redeemed by the Company. Additional information regarding the Rights Plan will be contained in a Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission.
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TWKS | Hot Stocks08:20 EDT Thoughtworks modernizes financial operations with Stripe - Thoughtworks announced joining Stripe's Partner Ecosystem to provide solutions that enable modern digital commerce and financial operations to enterprises of all sizes. In today's digital era, organizations must accelerate entry into new markets while delivering better customer service, cutting costs and growing revenue. Businesses are limited by large complex legacy infrastructures, manual processes and specialized skill sets - even culture. With Thoughtworks' Financial Operations Modernization framework, powered by Stripe, operational finance leaders can implement seamless customer experiences, improve speed and accuracy of financial processes, gain better visibility into their financial health and make better decisions"We started on our transformation journey because we knew it was the future and we wanted to modernize and help tradespeople better streamline and grow their business while continuing to delight their customers," said Jeremy Burton, Chief Technology Officer of hipages Group, home of Australia's #1 online tradie marketplace.. "Thoughtworks' financial modernization solution powered by Stripe, has made the payments experience even simpler and smoother for our trusted tradespeople and their customers." ...
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ABUS | Hot Stocks08:19 EDT Arbutus announces multiple abstracts accepted for presentation at AASLD - Arbutus Biopharma announced that clinical data from the Company's lead HBV focused asset, imdusiran, AB-729, an RNAi therapeutic, and preclinical data from its oral PD-L1 inhibitor program, will be highlighted in oral and poster presentations, including a late breaking poster presentation at The American Association for the Study of Liver Diseases, AASLD - The Liver Meeting 2023, taking place from November 10-14, 2023 in Boston, MA. Late-Breaking Abstract Acceptance: Title: "Preliminary Pharmacodynamics and Safety of Repeat Dosing of Imdusiran Followed by VTP-300 or Placebo in Virally-Suppressed, Non-Cirrhotic Subjects with Chronic Hepatitis B." Regular Abstract Acceptances: Title: "Baseline Nucleotide Polymorphisms Within HBV Target Site in Chronic Hepatitis B Subjects Do Not Impact HBsAg Reductions Mediated by RNA Interference Therapeutic AB-729." Data Summary: Single nucleotide polymorphisms in the imdusiran HBV target site were identified in sequences obtained from a publicly available database and were observed at baseline in some chronic HBV subjects in AB-729-001. In vitro testing in an HBV cell-based model confirm retention of AB-729 activity against tested variants suggesting that these SNPs have no apparent influence on individual or mean HBsAg declines observed in subjects treated with AB-729. Title: "Oral Small-Molecule Liver-Tropic PD-L1 Inhibitor Pharmacokinetics for the Treatment of Hepatocellular Carcinoma." Data Summary: Treatment with oral small-molecule PD-L1 inhibitors possessing liver-tropic pharmacokinetic profiles was associated with increased efficacy and tumor clearance in a novel humanized orthotopic HCC mouse model. These data suggest that development of small-molecule PD-L1 inhibitors with biodistribution to the liver may provide benefit in the treatment of HCC. Title: "Preliminary off-treatment responses following 48 weeks of vebicorvir, nucleos(t)ide reverse transcriptase inhibitor, and AB-729 combination in virologically suppressed patients with hepatitis B e antigen negative chronic hepatitis B: Analysis from an open-label Phase 2 study." Data Summary: Treatments were well tolerated. Available data indicate that adding VBR to AB-729+NrtI does not result in significantly greater on- or post-treatment improvements in markers of active HBV infection vs AB-729+NrtI.
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BNGO | Hot Stocks08:18 EDT Bionano Genomics implements streamlined operational plan - On October 9, 2023, Bionano committed to a series of cost savings initiatives including a reduction in force and reducing facility costs and discretionary spending unrelated to headcount that, taken together with cost savings realized from the reduction in force the Company announced in May, is expected to result in a reduction of non-GAAP operating expenses by approximately $31.6 million on an annualized basis starting in 2024, excluding savings in stock-based compensation. Part of the savings comes from a reduction in force of 66 positions eliminated as part of the October 2023 initiatives, which, when combined with the positions eliminated since May 2023, is expected to bring the number of employees planned for December 31, 2023 to 321. Cost of goods sold is expected to be reduced by approximately $1.4 million on an annual basis, starting in 2024, in connection with the October 2023 initiatives, which will be a component of anticipated improvements to gross margin going forward.
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ALUR | Hot Stocks08:17 EDT Allurion Technologies completes patient enrollment in AUDACITY trial - Allurion Technologies announced the completion of patient enrollment in its AUDACITY trial. AUDACITY is a randomized, pivotal controlled trial designed to support U.S. Food and Drug Administration approval of the Allurion Balloon. The trial enrolled 550 patients at 17 sites and completed enrollment two months ahead of schedule. "I believe the brisk enrollment in the AUDACITY trial reflects the broad appeal of a novel, completely reversible weight loss device," said Shelby Sullivan, M.D., Director of the Gastroenterology Metabolic and Bariatric Program at the University of Colorado School of Medicine and Principal Investigator of the AUDACITY trial. "As the obesity epidemic worsens in the United States, I expect options like the Allurion Balloon will be attractive to a large segment of the population."
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TKLF | Hot Stocks08:15 EDT Yoshitsu to open direct-sale stores in the U.S. - Yoshitsu announced that the company plans to open direct-sale stores in the U.S. The Stores will be launched in five cities, including New York, Boston, Seattle, Las Vegas, and Los Angeles. Yoshitsu expects the opening of the Stores to bring about increased sales, and aspires to elevate the overall customer experience, and strengthen customer loyalty. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, "Launching our direct-sale Stores in the U.S. is a transformative step for Yoshitsu. By streamlining operations in-house in the U.S., we're not just aiming to build closer ties with the U.S. market, but we are also seeking to enhance operational control to improve our service standards. We believe that the opening of the Stores will be instrumental in elevating our customers' shopping experience, from their initial interaction to post-purchase support. With this approach, we anticipate being able to introduce premium products and services that truly resonate with our patrons in the U.S."
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DXR | Hot Stocks08:14 EDT Daxor announces new data from Banner University Clinic on BVA-100 - Daxor announces new data from Banner University Medicine Advanced Heart Failure Clinic in Phoenix, AZ validating the benefits of the Company's BVA-100 diagnostic blood test for ambulatory patients with advanced heart failure. Data were presented at the Annual Scientific Meeting of the Heart Failure Society of America, HFSA, which brought together the world's leading experts in heart failure at the Huntington Convention Center in Cleveland, OH on October 8, 2023. Key findings included: The urgent need for BVA to guide care was shown by the discordance between clinician estimates of total and red blood cell volumes and measured volumes was present in 48% of the patients for total blood volume and in 64% of patients for red blood cell volume in the initial twenty-five patients; Most patients had severe blood volume derangements as measured with BVA, only 41% of patients had normal total blood volume, and only 29% had normal red blood cell volume; BVA optimized care and led to better outcomes In the study's outpatient advanced heart failure clinic, incorporating BVA allowed diagnosis of common, often severe, and clinically unsuspected variances in total blood and red blood cell volumes. The study titled, "The Value of Blood Volume Analysis to Guide Ambulatory Advanced Heart Failure Care," measured individual blood volumes in eighty-three ambulatory patients with advanced heart failure utilizing BVA to determine the benefits of quantitative blood volume measurements not otherwise obtainable using traditional methods such as clinical signs, symptoms, and exam.
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MUX RIO | Hot Stocks08:13 EDT McEwen Copper announces additional $10M investment by Nuton - McEwen Copper, a subsidiary of McEwen Mining (MUX), announces a binding agreement for an additional $10.0M investment by Nuton, a Rio Tinto (RIO) Venture, and existing McEwen Copper shareholder. Nuton has agreed to invest US$10.0M to acquire shares of McEwen Copper in a two-part transaction expected to close by October 19th, 2023 consisting of a private placement of 152,615 McEwen Copper common shares, and the purchase of 232,000 common shares owned by McEwen Mining in a secondary sale. Proceeds of the subscription and purchase are expected to be approximately $4.0 million to McEwen Copper and $6.0 million to McEwen Mining, respectively. The proceeds of the private placement will be used to advance the development of the Los Azules copper project in San Juan, Argentina, and for general corporate purposes. After closing, Nuton will own 14.5% of McEwen Copper on a fully diluted basis, and McEwen Mining will own 47.7%. The transaction values McEwen Copper at approximately US$800 million.
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GE | Hot Stocks08:12 EDT GE HealthCare in licensing pact with SOFIE to develop FAP PET radiotracers - GE HealthCare announced an exclusive global licensing agreement with SOFIE Biosciences SOFIE, a Virginia, U.S.-based company, to develop, manufacture and commercialize SOFIE's Gallium-68 and Fluorine-18 labelled diagnostics targeting fibroblast activation protein or FAP. Financial terms were not disclosed. Based on this agreement, GE HealthCare will take on global rights for FAPI-46 and outside-US rights for FAPI-74, originally developed at Heidelberg University in Germany, and both currently in Phase II clinical trials in the U.S. FAPI-46 2 and FAPI-74 . SOFIE will continue its clinical development and commercialization program with FAPI-74 in the U.S. FAP is an enzyme highly expressed in cancer associated fibroblasts CAF , a key component of the tumor microenvironment which supports the growth and spread of cancerous cells. With CAF present in most tumor types including, for example, breast, pancreatic, colorectal, lung, liver and gastric, the development of FAP-targeted diagnostics holds great potential in oncology as well as other conditions including inflammation, fibrosis and arthritis4.
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MUX STLA | Hot Stocks08:11 EDT McEwen Copper closes ARS $42B investment by Stellantis - McEwen Copper, a subsidiary of McEwen Mining (MUX), announces the closing of an additional ARS $42B investment by Stellantis (STLA). Stellantis, which in February 2023 invested ARS $30 billion, has invested an additional ARS $42 billion in Argentina to acquire shares of McEwen Copper in a private placement of 1,900,000 common shares. The proceeds of the private placement will be used to advance development of the Los Azules copper project in San Juan, Argentina, and for general corporate purposes. Giving effect to the pending investment by Nuton LLC, also announced today, Stellantis increases its ownership to 19.4% of McEwen Copper and McEwen Mining owns 47.7% on a fully diluted basis. The Transaction values McEwen Copper at approximately US$800 million.
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TPST | Hot Stocks08:09 EDT Tempest reports results from data analysis of Phase 1b/2 study of TPST-1120 - Tempest Therapeutics announced new and updated results from the planned data analysis of an ongoing global randomized Phase 1b/2 clinical study in which TPST-1120, Tempest's PPAR antagonist, shows clinical superiority in multiple study endpoints when combined with atezolizumab and bevacizumab in a randomized comparison to atezolizumab and bevacizumab in the first-line treatment of patients with unresectable or metastatic hepatocellular carcinoma. These new data were provided by F. Hoffman La-Roche from a clinical collaboration pursuant to which Roche managed the study operations for this multicenter trial. Tempest retains all product rights to TPST-1120. Data from 40 patients randomized to the TPST-1120 arm and 30 patients randomized to the control arm, with a median follow-up of 9.2 and 9.9 months, respectively, show: Confirmed objective response rate of 30% for the TPST-1120 triplet arm versus 13.3% for the atezolizumab + bevacizumab control arm; duration of response has not yet been reached; Hazard ratio favors the TPST-1120 arm for key survival endpoints; Progression free survival: median PFS of 7 mo for TPST-1120 arm versus 4.27 mo for the control arm; HR of 0.7 favors TPST-1120 arm and is not yet mature; Overall survival: median OS not reached for the TPST-1120 arm versus 15.1 mo for the control arm; HR 0.59 favors TPST-1120 arm and is not yet mature; New biomarker subpopulation findings are consistent with the mechanism of action of TPST-1120; Patients with b-catenin activating mutations showed a cORR of 43% and a disease control rate of 100% in the TPST-1120 arm; Distinct from the control arm, the TPST-1120 arm was consistently active across both PD-L1 positive and PD-L1 negative tumors, with a cORR of 27% in the TPST-1120 arm compared to 7% for the control arm in PD-L1 negative tumors; 40% of the patients in the TPST-1120 arm were on treatment compared to 16.7% in the atezolizumab + bevacizumab control arm; 72.5% of the patients on the TPST-1120 arm were on study, compared to 46.7% on the atezolizumab + bevacizumab control arm; TPST-1120 remains well tolerated, with safety data comparable between the two arms; The randomized arms were generally well balanced at baseline; Secondary endpoints include DoR, PFS, and OS, which are not fully mature as of the data cut. In Roche's IMbrave150 Phase 3 trial, confirmed ORR benefit correlated with overall survival benefit. Enrollment began in fall of 2021 and the cutoff date for these data was April 20, 2023. Tempest expects the data set to be jointly presented by Roche and Tempest at a medical meeting at a later date.
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AUID | Hot Stocks08:09 EDT authID selected by Workforce360 for automated candidate onboarding - authID and Workforce360 announced that they recently signed an agreement to leverage authID's identity verification services to automate identity document collection and streamline the delivery of trusted candidates to their network of recruitment agents and enterprise customers. authID was selected by Workforce360 because of its ability to deliver a fully orchestrated identity document capture and authentication solution that is fast, accurate, user-friendly, and globally focused. "authID is committed to delivering the best identity document verification solution in the market that eliminates identity fraud, while delivering the fastest and easiest user experience," said Rhon Daguro CEO of authID.ai. "We are excited to help Workforce360 deliver the highest levels of speed, transparency and identity trust in international workforce recruitment."
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MGA | Hot Stocks08:05 EDT Magna introduces melt recyclable foam, trim seating solutions - Magna announces its EcoSphere product family, an industry-first solution that eliminates the disposal of seating foam pads and trim covers in landfills by utilizing mono-material polyethylene terephthalate with the company's innovative 100% Melt Recyclable Foam and Trim system. Magna's new EcoSphere product family is comprised of sustainable trim materials, trim padding, structures and foam. The product family leverages Magna's expertise in the integration of foam chemistry, trim manufacturing, craftsmanship and tooling to develop a seamless and affordable solution. "As a top priority for our stakeholders, we recognize the need for innovative solutions that minimize environmental impact," said Carrie Young, Chief Engineer, Seating Innovation, at Magna. "This unique product family enables our seating materials to be repurposed and reused in the creation of new polyester products, contributing to a circular economy approach. Our technology offers automakers a game-changing opportunity to enhance sustainability without compromising on comfort, quality or performance."
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XWEL | Hot Stocks08:05 EDT Xwell unveils new corporate identity, enhanced website for Xpres Spa - XWELL announced a new brand identity and website redesign for its airport spa brand XpresSpa, which will now be visually represented as Xpres Spa Coinciding with Xpres Spa's 20th anniversary, the new website launch and logo aligns with management's ongoing focus to improve the user experience and drive sales growth in its flagship airport business. The Xpres Spa rebrand reflects the Company's continued effort to bring restorative, regenerative and reinvigorating products and services to travelers, strengthening its market position with a modern aesthetic and intuitive website. From a design and brand equity perspective, the new airport spa logo features a combination of the shape of ancient sundials and the warm, restorative powers of the sun.
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SYY | Hot Stocks08:05 EDT Sysco announces plans to acquire Edward Don & Company - Sysco announced it has agreed to acquire Edward Don & Company. This acquisition will allow Sysco to add strategic new capabilities and diversified offerings to complement its existing business and create a specialty Equipment and Supplies platform that will provide better selection and service to customers. Specifically, DON will bring: A broad distribution footprint with over 1.4 million square feet of distribution centers and office space in key U.S. geographies, A dedicated and experienced field sales team focused on equipment and supplies, and Design and build capabilities that complement our existing business.Upon completion of the transaction, DON will operate as a standalone specialty division within Sysco. In addition, Sysco expects to retain the leadership team of DON, as well as all current employees.
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CHTR | Hot Stocks08:04 EDT Precision Optical Technologies announces strategic partnership with Charter - Precision Optical Technologies announces its multi-year strategic partnership with Charter Communications. This partnership supports a pivotal moment in Charter's evolution of next-generation broadband services. In alignment with Charter's Distributed Access Architecture, or DAA, network expansion and operational enhancement initiatives, this collaboration will see the deployment of nearly all of Precision OT's active and passive portfolio of solutions; to include 10G DWDM tunable optics, 100G and 400G optics, Bluetooth DWDM tuning modules, passive connectivity solutions and more.
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RZLT | Hot Stocks08:03 EDT Rezolute reports evidence of RZ358's efficacy in tumor-mediated hyperinsulinism - Rezolute announced results following administration of RZ358 to a patient with refractory hypoglycemia due to tumor-mediated hyperinsulinism on a compassionate-use basis, under its expanded access program. The Company previously reported on the successful use of RZ358 for a patient with refractory hypoglycemia due to metastatic insulinoma, which has since been published in a recent edition of the New England Journal of Medicine. As a result of that publication, the Company recently received and granted a request from a physician-investigator who had FDA approval to use RZ358 for a patient with refractory hypoglycemia due to a metastatic, insulin-secreting cervical cancer. The patient began receiving treatment with RZ358 in September 2023, which resulted in resolution of her hypoglycemia and enabled her to be discharged from the hospital to resume cancer-directed therapy while continuing to receive RZ358 to control hypoglycemia. "Not only is it gratifying to be able to provide RZ358 to patients who desperately need new therapies for hyperinsulinism, we are extremely encouraged by the very favorable glycemic outcomes achieved in these two patients with different types of tumor-mediated HI," remarked Brian Roberts, MD, Chief Medical Officer at Rezolute. "We believe that this provides further validation of our long-held view of hyperinsulinism as a group of related conditions, and RZ358 as a potential universal treatment for any of the various causes of hyperinsulinism, whether congenital, induced by gastric bypass, or mediated by tumors."
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HRMY ZYNE | Hot Stocks08:03 EDT Harmony Biosciences completes acquisition of Zynerba - Harmony Biosciences (HRMY) announced that it has completed its acquisition of Zynerba Pharmaceuticals (ZYNE). As a result of the merger, Zynerba became a wholly owned subsidiary of Harmony. The common stock of Zynerba will no longer be listed for trading on the Nasdaq Capital Market.
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ECOR | Hot Stocks08:02 EDT electroCore announces patent for treatment protocol for nVNS - electroCore announced the United States Patent and Trademark Office has issued a patent related to a treatment protocol for nVNS. U.S. Patent No. 11,779,756 entitled "Systems and Methods for Vagal Nerve Stimulation" was issued on October 10, 2023, and is generally related to a preferable treatment paradigm for nVNS that involves applying a single dose of stimulation for about 90 seconds to about 150 seconds, 2-4 times during a 24-hour period.
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PDSB | Hot Stocks08:02 EDT PDS Biotechnology announces interim safety, immune response data on PDS0301 - PDS Biotechnology announced interim safety and immune response data for the first-in-human Phase 1/2 clinical trial evaluating PDS0301, a novel investigational tumor-targeting, antibody-conjugated Interleukin 12, in combination with current standard-of-care chemotherapy, docetaxel, to treat metastatic castration sensitive and castration resistant prostate cancer. The data will be featured in an oral presentation by Ravi Madan, MD, Head, Prostate Cancer Clinical Research Section, Genitourinary Malignancies Branch, Center for Cancer Research of the National Cancer Institute, an Institute of the National Institutes of Health, at the 11th Annual Meeting of the International Cytokine & Interferon Society in Athens, Greece. Eighteen patients with a median age of 69 years were evaluated for clinical activity and toxicity. Three dose levels of PDS0301 in combination with docetaxel were administered every three weeks beginning with the second cycle of treatment. The dose-limiting toxicity window spanned the 6 weeks after initiating docetaxel. While all doses of PDS0301 were well-tolerated, the 12.0 mcg/kg dose of PDS0301 with chemotherapy provided the best combination of immune response and tolerability. Interim data highlights to be presented at Cytokines 2023 include: Decrease in PSA levels was seen in all patients at all three tested doses of PDS0301 and ranged from -4% to -100%; All doses of the combination were well-tolerated with one patient experiencing Grade 4 neutropenia; Administration of the combination was associated with decreases in T reg cells and increases in activated natural killer cells, memory CD8 T cells, proliferating CD4 and CD8 T cells and cytokines INF-gamma and Interleukin 10; The changes in immune responses with the combination were independent of the PDS0301 dose
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BB | Hot Stocks08:02 EDT BlackBerry awarded contract by the Department of Homeland Security - BlackBerry announced that the U.S. Department of Homeland Security, or DHS, has awarded BlackBerry a new seven-year Indefinite Delivery, Indefinite Quantity, or IDIQ, contract for the creation and sustainment of its new Super Enterprise for Personnel Emergency Notification System, or PENS. BlackBerry, American Systems and 4 Points Technology will partner to deliver on the software and services contract, which is for DHS and all its components. The DHS has a vital mission to secure the nation from threats. Personnel accountability is critically important to this mission, particularly in the event of a crisis or disaster. The DHS will use BlackBerry AtHoc as a department-wide communication and visibility PENS solution for all its employees and contractors.
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NTRB | Hot Stocks07:48 EDT Nutriband completes market assessment for AVERSA Buprenorphine - Nutriband has completed the market assessment and commercialization strategy for AVERSA Buprenorphine, an abuse deterrent buprenorphine transdermal system. The company engaged leading healthcare consulting company Health Advances to assess the market opportunity and commercial strategy for Aversa Buprenorphine, which has the potential to be the world's first buprenorphine transdermal system with abuse deterrent properties. Once approved by the United States FDA, Aversa Buprenorphine will be priced competitively with non-abuse deterrent options and may reach peak annual US sales of $70-130 million. The company is also considering developing the product for strategic international markets as protected by its global abuse deterrent patent portfolio.
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NEXCF | Hot Stocks07:47 EDT Nextech3D.ai provides updates on business units - Nextech3D.AI provides an update to the Company's investors on its four business units. As a diversified technology Company, each of its businesses ARitize3D, MapD, Toggle3D.ai, ARway.ai delivers a solution powered by proprietary AI, 3D, AR, and ML. The company said, "Nextech3D.ai has surpassed a major milestone in 2023 having delivered more than 60,000 3D models to its satisfied customers. This remarkable achievement reflects a notable surge in both production and demand throughout 2023. Nextech3D.ai is at the forefront of the massive and growing 3D modeling industry and provides 3D models for major e-commerce giants including Amazon, Kohls, CB2 and others. Due to a strong ROI on 3D models the Company has been seeing a growing market appetite for immersive and interactive shopping experiences...Additional highlights for the Company in 2023 have included its significant expansion of its 3D modeling business to include the Gaming and Manufacturing industries, the announcement of the filing to uplist to the Nasdaq Capital Market, and a number of notable contract signings...Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. The Company retains a 45% stake with 13 million shares in Toggle3D.ai. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise...ARway recently signed a number of new partnership deals."
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PLL | Hot Stocks07:44 EDT Piedmont Lithium enters agreements to acquire Killick Lithium interest - Benton Resources and Sokoman Minerals announced the entering into of the Definitive Agreements with Piedmont Lithium and its subsidiaries, enabling Piedmont to earn up to a 70% direct and indirect ownership interest in the area and lands comprising the Golden Hope project to be renamed the Killick Lithium Project, located in southwestern Newfoundland. Pursuant to the terms of the Transaction, each of Benton and Sokoman assigned all of its rights and interests to the Golden Hope Project to Vinland, a newly incorporated British Columbia corporation, in exchange for all of the issued and outstanding shares in the capital of Vinland, held by each in equal proportions, and, in turn, Vinland assigned the Golden Hope Project Rights to its newly incorporated, wholly-owned subsidiary, Killick. Upon the completion of the Reorganization, Vinland and Piedmont, entered into a subscription agreement pursuant to which Piedmont subscribed for a 19.9% ownership interest in Vinland for an aggregate subscription amount of CAD$2.0M; and a shareholders' agreement with Benton and Sokoman setting forth the framework for the governance of Vinland and for the holding, disposal and subsequent issuances of interests in Vinland. Upon the completion of the Subscription, Killick and Piedmont entered into an earn-in agreement, pursuant to which Piedmont was granted the option to acquire up to a direct 62.5% ownership interest in the Golden Hope Project, a royalty agreement pursuant to which Benton and Sokoman were granted an aggregate 2% royalty on the net returns of precious metals and the value of lithium received from the Golden Hope Project, and a marketing agreement pursuant to which Piedmont was granted the exclusive marketing rights for the promotion and sale of lithium products produced from the Golden Hope Project, including the right to purchase any uncommitted project production on commercially reasonable arm's length terms, the whole as further set forth below. Upon the acquisition of the Initial Interest, Vinland, Killick, and Piedmont shall enter into a shareholders' agreement pursuant to which the parties thereto set forth the framework for the governance of Killick and for the holding, disposal, and subsequent issuances of interests in Killick. Pursuant to the Earn-In Agreement, Piedmont was granted the option, exercisable by notice, to acquire a 16.35% voting and participating interest in Killick in consideration of the issuance by Piedmont to each of Benton and Sokoman of shares of its common stock having an aggregate subscription price of CAD$2.0M based on Piedmont's ten-day volume weighted average price up to the date of the Initial Interest exercise notice, and payment of work expenditures in the aggregate amount of at least CAD$6.0M within the 30-month period following the Initial Earn-In Right exercise notice.Upon exercise of the Initial Earn-In Right by Piedmont, Piedmont's combined direct and indirect ownership interest in Killick will be equal to approximately 33%. Within 60 days following the funding of the Initial Earn-In Amount, Piedmont shall have the option, exercisable by notice, to acquire an additional 21.65% voting and participating interest in Killick in consideration of the issuance by Piedmont to each of Sokoman and Benton of shares of its common stock having an aggregate subscription price of CAD$2.0M based on Piedmont's ten-day VWAP up to the date of the First Additional Earn-In Right exercise notice, and payment of work expenditures in the aggregate amount of at least CAD$3.0M within the 12-month period following the First Additional Earn-In Right exercise notice. Upon exercise of the First Additional Earn-In Right by Piedmont, Piedmont's combined direct and indirect ownership interest in Killick will be equal to approximately 50%. Within 60 days following the funding of the First Additional Earn-In Amount, Piedmont shall have the option, exercisable by notice, to acquire an additional 24.5% voting and participating interest in Killick in consideration of the issuance by Piedmont to each of Benton and Sokoman of shares of its common stock having an aggregate subscription price of CAD$6.0M based on Piedmont's ten-day VWAP up to the date of the Second Additional Earn-In Right exercise notice, and payment of work expenditures in the aggregate amount of at least CAD$3.0M within the 12-month period following the Second Additional Earn-In Right exercise notice. Upon exercise of the Second Additional Earn-In Right by Piedmont, Piedmont's combined direct and indirect ownership interest in Killick will be equal to approximately 70%. Concurrently with the entering into the Earn-In Agreement, Killick shall grant an aggregate 2% royalty on the net returns of precious metals and the value of lithium received from the Golden Hope Project to Benton and Sokoman; provided, however, that Killick, Piedmont or any of their successors shall have the right to repurchase 50% of such royalty in consideration for an aggregate cash payment of CAD$2.0M to Benton and Sokoman. As part of the Transaction, Killick and Piedmont entered into a marketing rights agreement granting Piedmont 100% marketing rights and the right to purchase, under a right of first offer, any uncommitted lithium concentrate produced by the Golden Hope Project on commercially reasonable arm's length terms.
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AVCNF | Hot Stocks07:38 EDT Avicanna provides update on progress of MyMedi.ca since launch - Avicanna provides an update on the progress of its new cannabis care platform MyMedi.ca since its' launch nationwide in Canada on August 1, 2023. The Company update on the progress of its new medical cannabis care platform, MyMedi.ca, includes: Transition of over 96% of active patients from Medical Cannabis by Shoppers to MyMedi.ca and an increase of approximately 10% of net new medical patients since launch. Developed infrastructure to offer insurance reimbursement services for patients through several private insurance providers and public institutions including six provincial worker safety boards. Offer ongoing specialty care services for distinct patient groups and the opportunity to serve thousands of our Canada's veterans with a dedicated program including robust adjudication services. An established network of over 50 specialized clinics and medical institutions representing more than 1,500 healthcare providers. Offer training, medical education, products and services, and resources to facilitate the incorporation of medical cannabis into health care regimens including the Company's own Avicenna Academy and the Canadian Consortium for the Investigation of Cannabinoid Syllabus. An opening portfolio of 200 products across 35 brands, expanding to 45 brands with more than 200 SKUs supplied by 15 Canadian licensed producers. Since launch, an increase in the Company's SKUs resulting in a proportional increase of 40% in sales realized through improved access, and inventory management efficiencies. Facilitation of transfer and advancement of the Company's previously announced real world evidence clinical studies, including the epidermolysis bullosa study in collaboration with the Hospital for Sick Children and musculoskeletal pain and inflammation study with Sante Cannabis, to MyMedi.ca Enhanced operational efficiencies in reducing response time and expanding pharmacist-led, bilingual patient care services.
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PLL | Hot Stocks07:38 EDT Piedmont buys 19.9% equity stake in newly-formed Vinland Lithium for C$2M cash - Piedmont Lithium announced a strategic investment in a large prospective lithium project in Newfoundland, Canada. Piedmont has agreed to pay C$2M for a 19.9% equity interest in Vinland Lithium a new entity established with Sokoman Minerals and Benton Resources . The Company also may earn up to a 62.5% equity interest in Killick Lithium a wholly-owned subsidiary of Vinland Lithium holding a 100% interest in the Killick Lithium Project through a staged investment agreement. Piedmont will be entitled to 100% marketing rights and a right of first refusal on 100% offtake rights to any lithium concentrate produced by the Project on a life-of-mine basis at competitive commercial rates. Killick Lithium Project relative to Piedmont Lithium's asset portfolioGeologically, the Killick Lithium property is analogous to the Carolina Tin-Spodumene Belt, which hosts Piedmont's Carolina Lithium project. The property totals 950 square kilometers and hosts approximately 60 kilometers of prospective strike length. Initial prospecting on the property by Benton Resources and Sokoman Minerals in 2021 led to the discovery of the first occurrence of spodumene-bearing pegmatite in Newfoundland.
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BABYF | Hot Stocks07:37 EDT Else Nutrition prepares for production of RTD Kids' Nutritional Shakes - ELSE NUTRITION announces that the inaugural commercial production run of its Ready-To-Drink, RTD, Kids' Nutritional Shakes will commence in late October, producing for both the US and Canadian markets. The whole plant-based RTD products are set to be shipped to over 400 leading stores in the United States, over 200 leading grocery locations in Canada, and a major international online natural marketplace by the end of December 2023, for sale in Q1 2024. "We are pleased with our production schedule confirmation, confident in our production partners, and stand ready to ship and collaborate with our superb grocery chain partners on both sides of the border, for an exciting and innovative launch. These partnerships and their approval of early shipments, as well as "first-to-market" arrangements, illustrate their trust in our brand and our overall mission of making plant-based nutrition readily accessible to wider North American audiences," said Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition.
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NCLH | Hot Stocks07:36 EDT NCL Corporation announces proposed offering of senior secured notes - NCL Corporation is proposing to sell $790.0 million aggregate principal amount of its senior secured notes due 2029 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The Notes and the related guarantees will be secured by first-priority interests in, among other things and subject to certain agreed security principles, fourteen of our vessels that will also secure our senior secured credit facility and our 8.375% senior secured notes due 2028. The Notes will be guaranteed by our subsidiaries that own the vessels that will secure the Notes. We intend to use the net proceeds from the Notes Offering, together with cash on hand, to repay the term loans outstanding under our senior secured credit facility, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses. The completion of the Notes Offering is conditioned on certain amendments to our senior secured credit facility.
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DFLI | Hot Stocks07:36 EDT Dragonfly Energy enters heavy duty trucking market with new all-electric APU - Dragonfly Energy now brings its leading energy storage solutions to the heavy-duty trucking industry with the introduction of the new Battle Born All-Electric APU. Dragonfly Energy's advanced lithium-ion battery system provides ample wattage to run auxiliary power on trucks, even when such trucks are not running. This transition to lithium-based APU systems presents a significant opportunity for the trucking industry to potentially save billions of dollars on fuel costs and reduce harmful emissions during idle periods. "As the trucking industry faces stricter regulations, we believe an all-electric APU is a crucial first step in reducing fuel consumption and emissions," said Wade Seaburg, Chief Revenue Officer of Dragonfly Energy. "We are entering this growing market and have secured pilot programs with fleets representing roughly 15 percent of the North American heavy-duty trucking market. We believe this is a significant opportunity for Dragonfly Energy to diversify and grow its revenue while providing a compelling return on investment to fleet operators." Dragonfly Energy has pilot programs underway with some of the industry's top transportation companies, whose combined fleets include over 65,000 total trucks. The new Battle Born All-Electric APU is expected to help fleets improve their operating model by increasing uptime, driver retention, and progress toward sustainability goals as well as help reduce greenhouse gas emissions by improving fuel efficiency and reducing idle time, a major source of emissions in the transportation sector
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BDRBF | Hot Stocks07:35 EDT Bombardier joins DOD SkillBridge program - Bombardier has joined the United States Department of Defense SkillBridge program as an authorized industry partner. The SkillBridge program helps U.S. service members bridge the gap between active duty and the beginning of their civilian careers with industry-specific training, apprenticeships, or internships offered by trusted employers. Bombardier was granted an official Memorandum of Understanding by the Office of the Deputy Assistant Secretary of Defense to develop SkillBridge training programs for applicable branches of the U.S. military.
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MTNB | Hot Stocks07:34 EDT Matinas BioPharma announces resolution of patient's infection after MAT220 - Matinas BioPharma announces complete clinical resolution of a patient's recurrent hemorrhagic cystitis due to Candida krusei, a fluconazole inherited resistant fungal pathogen, following treatment with MAT2203, Matinas' oral formulation of the potent antifungal amphotericin B. This patient was treated under Matinas' Expanded Access/Compassionate Use Program by Marisa H. Miceli, MD, Professor of Medicine, Specializing in Fungal Infections and Transplant Diseases, Division of Infectious Diseases, Internal Medicine, at the University of Michigan. "We are thrilled with the positive clinical impact MAT2203 had on this extremely ill patient with limited treatment options," said Dr. Miceli. "This 61-year-old male with a history of diabetes, kidney disease, chronic obstructive lung disease, and coronary heart disease with heart failure had developed recurrent hemorrhagic cystitis due to C. krusei. In this case, neither an echinocandin nor a second-generation triazole was an option due to their inability to deliver adequate drug levels in urine. Treatment with IV-amphotericin B deoxycholate was quickly discontinued due to renal toxicity and we transitioned this patient to MAT2203, which was well-tolerated with no adverse effects. Treatment with MAT2203 led to complete resolution of his symptoms and improvement of his kidney function to baseline. Ultimately, the patient's urine culture was negative for C. krusei after just 14 days of treatment with MAT2203." A total of 11 patients with no other treatment options are currently receiving or have completed treatment with MAT2203 under this program, and several additional cases are under consideration. In each instance, the patient was not responding to or was resistant to azole therapy or was unable to receive azole therapy due to drug/drug interactions.
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FCN | Hot Stocks07:34 EDT FTI Consulting launches FTI Delta practice - FTI Consulting announced the launch of FTI Delta, a global, industry-specialized strategy consulting practice that delivers tangible value to clients, from strategy definition to execution. FTI Delta will compete directly with traditional strategy consulting firms leveraging its differentiated value proposition. FTI Delta focuses on key industries where the firm has deep vertical expertise: telecommunications, media and technology and public sector. The FTI Delta team consists of more than 350 billable professionals, including 39 Senior Managing Directors, based in the United States, the United Arab Emirates, Spain, Singapore, South Africa, the United Kingdom, Canada, India and Saudi Arabia. The FTI Delta team combines the expertise of Delta Partners, an established strategy consulting business that FTI Consulting acquired in July 2020, with the extensive experience of industry experts within FTI Consulting's renowned TMT practice and the Company's newly formed Public Sector offering. The Public Sector offering works with governments to define their national visions and agendas, shape their future-ready economic and social development plans, and drive impactful transformations in public administration. FTI Delta sits within the Business Transformation & Strategy practice in the Corporate Finance & Restructuring business segment. Senior Managing Directors Luke Schaeffer and Victor Font will co-lead FTI Delta globally and will continue to lead the TMT practice.
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MRMD | Hot Stocks07:32 EDT Marimed opens Thrive dispensary in Casey, Illinois - MariMed announced the opening of an adult-use Thrive dispensary in Casey, Illinois. This opening marks the fifth operational dispensary in Illinois, and the 12th dispensary that MariMed owns or manages across five states. The dispensary, which is the first in Clark county, is located at 912 N. State Highway 49 in Casey, Illinois. Casey is in eastern Illinois at the intersection of state Highway 49 and U.S. Interstate 70. Located just 30 miles from the Indiana border, Thrive Casey is the closest dispensary to that state, which has not passed a legal marijuana program. In addition to its retail operations, MariMed continues to build its processing and cultivation facility in Mt. Vernon, Illinois. The processing facility is expected to open during the fourth quarter, at which time MariMed will produce its award-winning edibles and sell them through its retail and new wholesale channels. The Company expects the cultivation facility construction to be completed in early 2024.
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VVOS | Hot Stocks07:32 EDT Vivos Therapeutics to begin clinical trial at Standford Medicine on DNA - Vivos Therapeutics announced that its flagship daytime-nighttime appliance, DNA, will be tested in a clinical trial at Stanford Medicine. The protocol has been finalized and participant enrollment will begin in early 2024. Study participants with moderate to severe OSA will be randomly assigned to either treatment with Vivos' DNA appliance or CPAP, the current industry standard for OSA treatment. Sleep studies will be performed prior to and following a course of treatment using in-lab polysomnography to assess changes in the patients' apnea-hypopnea index. "We are extremely excited to be starting this trial at Stanford Medicine, which has been in the works for some time" added R. Kirk Huntsman, Chairman and CEO of Vivos. "I am confident that our technology will bear the scrutiny of a well-designed, prospective clinical trial. There is no better place to for our technology to undergo rigorous scientific testing than at a respected institution like Stanford. Our treatment is comfortable, safe and non-invasive, and we believe that at the end of this study, the conclusion will be that Vivos should become an essential part of every OSA care plan."
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SHW | Hot Stocks07:31 EDT Sherwin-Williams names Heidi Petz CEO, effective January 1, 2024 - The Sherwin-Williams Company announced that its Board of Directors has elected Heidi Petz to serve as the company's next CEO, effective January 1, 2024. Petz, 48, who has served as President and COO of Sherwin-Williams for the last two years, will assume the CEO duties currently held by Chairman and CEO John Morikis. Petz will continue to serve as President. After serving as CEO since 2016, Morikis will continue to serve as Executive Chairman. In addition, the Board increased its size from 10 to 11 members and elected Petz to fill the resulting vacancy, effective October 10, 2023.
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PHIO | Hot Stocks07:31 EDT Phio Pharmaceuticals presents new data of its INTASYL compound PH-894 - Phio Pharmaceuticals announced the poster presentation of two key preclinical studies of its INTASYL compound PH-894 at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in Boston, Massachusetts on October 11th -15th. The first study shows that melanoma cells treated with its PH-894 compound makes them more recognizable to the immune cells. Specifically, the treatment results in an increase in the tumor marker MART-1 allowing for better recognition and potentially increased killing by T cells. Local treatment with PH-894 presents a strategy to decrease BRD4 expression and upregulate MART-1 expression to increase immune response to cancer cells while reducing toxicities associated with systemic therapies. This study supports further development of PH-894 for injectable solid tumor indications such as melanoma. The second study demonstrates the effectiveness of PH-894 as an antitumor cytotoxic agent. The addition of PH-894 to cells in vitro elicited concentration-associated apoptosis of all human cancer cell lines tested, including head and neck squamous cell carcinoma, hepatocellular carcinoma, breast cancer, lung cancer, glioblastoma, melanoma, colon cancer, ovarian cancer, and cervical cancer.
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BBIO | Hot Stocks07:31 EDT BridgeBio reports inducement grants under Nasdaq listing rule - BridgeBio Pharma announced that on October 06, 2023, the compensation committee of BridgeBio's board of directors granted nineteen new employees restricted stock units for an aggregate of 227,507 shares of the Company's common stock. With respect to 120,975 shares of restricted stock units, one-fourth of the shares underlying the restricted stock units will vest on November 16, 2024, with one-twelfth of the remaining shares underlying restricted stock units vesting on a quarterly basis thereafter. With respect to 106,532 shares of restricted stock units, one-eighth of the shares underlying the restricted stock units will vest on February 16, 2024, with one-fourteenth of the remaining shares underlying the restricted stock units vesting on a quarterly basis thereafter. In each case, the vesting is subject to each such employee's continued employment with the Company or one of its subsidiaries on such vesting dates. All of the above-described awards were made under BridgeBio's Amended and Restated 2019 Inducement Equity Plan. The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio's board of directors in November 2019 and amended and restated on February 10, 2023.
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AZN | Hot Stocks07:22 EDT AstraZeneca announces first data from four pivotal Phase III trials at ESMO - The company states: "AstraZeneca advances its ambition to eliminate cancer as a cause of death with new data across its robust portfolio and pipeline at the European Society for Medical Oncology Congress, 20 to 24 October 2023. Nearly 100 abstracts will feature 19 approved and potential new medicines from AstraZeneca including two late-breaking Presidential Symposia and 26 oral presentations. Highlights include: TROPION-Lung01 Phase III trial of AstraZeneca and Daiichi Sankyo's datopotamab deruxtecan (Dato-DXd) in patients with previously treated advanced non-small cell lung cancer (NSCLC) (Presidential Symposium, Monday 23 October). TROPION-Breast01 Phase III trial of datopotamab deruxtecan in patients with previously treated inoperable or metastatic hormone receptor (HR)-positive, HER2-low or negative breast cancer (Presidential Symposium, Monday 23 October). FLAURA2 Phase III trial of Tagrisso (osimertinib) plus chemotherapy in EGFR-mutated (EGFRm) advanced NSCLC including safety and central nervous system metastases outcomes. Results were recently presented from the progression-free survival (PFS) primary analysis. DUO-E Phase III trial of Imfinzi (durvalumab) plus platinum-based chemotherapy followed by either Imfinzi monotherapy or Imfinzi plus Lynparza (olaparib) as maintenance therapy in newly diagnosed advanced or recurrent endometrial cancer. MATTERHORN Phase III trial of Imfinzi plus neoadjuvant chemotherapy (before surgery) for patients with resectable, early-stage and locally advanced (Stages II, III, IVA) gastric and gastroesophageal junction (GEJ) cancers. DESTINY-PanTumor02 Phase II trial of AstraZeneca and Daiichi Sankyo's Enhertu (trastuzumab deruxtecan) in previously treated HER2-expressing advanced solid tumours including PFS and overall survival (OS) data from the primary analysis. Three bispecifics: data from several presentations will highlight the Company's robust clinical programme of novel immuno-oncology (IO) bispecific antibodies including data for volrustomig in advanced clear cell renal cell carcinoma (MEDI5752, targeting PD-1/CTLA-4), and data for rilvegostomig (AZD2936, targeting PD-1/TIGIT) and sabestomig (AZD7789, targeting PD-1/TIM3) in lung cancer." Reference Link
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ARAAF | Hot Stocks07:20 EDT Aclara Resources announces HREE ionic clays project in Brazil - Aclara Resources provides an update on its exploration activities in Brazil by announcing its new Heavy Rare Earth Element ionic clays project, "Carina Module" located in the State of Goias, Brazil. The results of its initial auger drilling campaign, which was comprised of 1,693 meters of drilling within 236 drill holes, demonstrate the discovery of a new HREE deposit hosted in ionic clays. While the initial auger drilling campaign was shallow, with an average depth of 7.2 meters, it has unveiled a potential for expansion, both laterally and at depth, accompanied by the prospect of enhancing HREE grades. Highlights Size Potential: The mineralized area of the Carina Module spans approximately 1,400 hectares, with potential for lateral expansion. In contrast, the mineralized area of the Company's Penco Module in Chile covers approximately 140 hectares. Prospective Grades: The drilling results shows the potential for high Total Rare Earth Oxides with average grades at 1,229 ppm. From an average drilling depth of 7.2 meters, 71.2% of the drillholes include 5.7 meters with TREO average grades at 1,367 ppm and Desorbable Rare Earth Oxides at 449 ppm. Rich in HREE and LREE: The desorbable results demonstrate an outstanding distribution of HREE and Light Rare Earth Elements. In particular, 71.2% of drillholes reveal desorbable dysprosium and terbium grades at 18.1 ppm and 3.1 ppm, respectively. In addition, desorbable neodymium oxide and praseodymium oxide grades show a summed value of 123 ppm. Metallurgical Compatibility: The metallurgy of the Penco Module, which utilizes an ammonium sulfate leaching solution, is well-suited for the Carina Module's ionic clays. 71.2% of drillholes show an average exchangeable fraction for TREO of 36.6%, with the highest value recorded at 78%; total dysprosium oxide exhibits an average exchangeable fraction of 46%, with the highest value at 78%, and Terbium oxide exhibits an average exchangeable fraction of 52%, with a peak at 91%. Depth Potential: The average drill depth of the auger drilling campaign was 7.2 meters, which did not allow us to consistently reach the bottom limits of the lower Pedolith and Saprolite. However, over 70% of drillholes indicate a high anomalous exchangeable fraction in the last interval, suggesting that the deposit remains open at depth.
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GRTS | Hot Stocks07:15 EDT Gritstone announces presentations on next gen COVID-19 vaccine - Gritstone bio announced the presentation of results from three ongoing Phase 1 studies evaluating its self-amplifying mRNA vaccine candidates against COVID-19 at IDWeek 2023, occurring October 11-15, 2023, in Boston, MA. Gritstone will present further follow up data from the CORAL-CEPI and CORAL-BOOST studies. CORAL-CEPI Presentation: Durable Immune Response Induced by Self-amplifying mRNA SARS-CoV-2 Vaccine Candidates in Vaccine-naive HIV Negative and People Living with HIV Populations. Results presented from Group A, B and C demonstrated: All doses were well tolerated in both HIV-negative participants and PLWH irrespective of SARS-CoV-2 serostatus at baseline. High IgG and neutralizing antibody responses were induced and sustained for at least 12 months. CORAL-BOOST Presentation: Durable Immune Response Induced by a Self-amplifying mRNA SARS-CoV-2 Vaccine Candidate in Adults Previously Vaccinated with mRNA or Adenovirus. Results presented from cohorts 1 - 4 demonstrated: Vaccine candidate was well tolerated as a booster regardless of primary vaccination series. Robust, durable binding and high neutralizing antibodies were induced and sustained for up to at least 12 months against SpikeD614G and variants of concern. Broad T cell responses induced against Spike and non-Spike T cell epitopes included in the vaccine. Use of T cell receptor sequencing assays to assess T cell response breadth. CORAL-NIH Presentation: An Interim Report of the Safety, Reactogenicity, and Immunogenicity of a Self-amplifying mRNA COVID-19 Vaccine GRT-R910 as a Booster in Healthy Adults. Results presented from adults across all age groups and dose levels demonstrated: Vaccine candidate was well-tolerated with no safety signals identified. Durable boosting of humoral immune responses to Spike and variants of concern, and high neutralizing antibody responses to at least 6 months were observed for all vaccine groups. Results are consistent across Phase 1 trials of GRT-R910 and similar vaccines.
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PEV | Hot Stocks07:15 EDT Phoenix Motor to showcase Gen 4 Electric Shuttle Bus - Phoenix Motor announced its participation in the San Francisco Airport's Clean Air Vehicle Expo, supporting the efforts to decarbonize ground transportation around the airport. Phoenix Motorcars will showcase its fourth-generation all-electric shuttle bus, capable of driving up to 150 miles on a single charge. All Phoenix shuttle buses come equipped with both 19.2 kW Level II charging and 100 kW CCS Level III fast charging capability.
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OSIIF | Hot Stocks07:14 EDT Osino Resources completes acquisition of all surface rights at Twin Hills - Osino Resources has completed the acquisition of all of the surface rights for Osino's Twin Hills Gold Project following Osino's acquisition of two farms that encompass the full extent of the mining area for Twin Hills and all related plant infrastructure. The Klein Okawayo farm and the Okawayo farm were acquired for an aggregate purchase price of C$8.8 million plus any relevant taxes, payable in cash and shares of the Company. The Okawayo farmland was acquired directly by Osino's Namibian subsidiary, Osino Farming Investments from Mr. Siegfried Strzelecki pursuant to an agreement dated August 2, 2021 for consideration totalling N$95,000,000 comprised of: cash payment of N$50,000,000; cash payment of N$20,000,000 due on the 12-month anniversary of the June 15, 2023 registration date registering the Purchaser on title of the Okawayo farmland; and N$25,000,000 payable in cash or common shares of the Company, at Osino's discretion and subject to the policies of the TSX Venture Exchange, due on the 24-month anniversary of the registration date. Within 30 days of the First Anniversary Payment, Osino has the option to accelerate the Second Anniversary Payment payable in cash or Shares for a 20% discount amounting to a payment of N$20,000,000. The Purchaser became the registered owner of the Okawayo farm subject to securing the required Namibian regulatory approvals which have now been obtained. The Klein Okawayo farm was acquired indirectly from Mr. Adriann van der Walt and Roselett van der Walt by Osino's Namibian subsidiary, Osino Property Holdings by acquiring 100% ownership of the Namibian company, Klein Okawayo Farming, which owns the Klein Okawayo farm lands free of liabilities pursuant to an agreement dated May 11, 2021 for cash consideration totalling N$26,000,000. Osino Holdings became the registered owner of 100% of Farm Holdco effective as of May 22, 2023, subject to securing the required Namibian regulatory approvals which have now been obtained. To complete the Farm Acquisitions, Osino complied with all regulatory and ministerial requirements including the granting of a Status of Investment Certificate, merger approvals by the Competition Commission of Namibia and the mandatory waivers for the acquisition of agricultural land in Namibia. In addition, all land taxes, duties, and encumbrances on the properties were fully settled prior to closing. Both transactions have now closed in accordance with the terms and conditions as set out in the signed definitive acquisition agreements.
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ORGN | Hot Stocks07:10 EDT Origin Materials begins commercial scale production at Origin 1 in Ontario - Origin Materials announced the commencement of commercial-scale production at Origin 1, located in Sarnia, Ontario, Canada, the first commercial plant of its kind. The state-of-the-art plant scales up the Company's core technology platform for converting sustainable wood residues into intermediate chemicals, including CMF, HTC, and oils and extractives. Origin 1 enables, for the first time, the commercial-scale production of Origin's versatile chemical building-blocks, which can decarbonize and improve the performance of a wide range of end-products, including bio-based apparel and textiles, green tires for the automotive industry, and bio-based and fully recyclable packaging, targeting a ~$1 trillion addressable market. "This start of production at Origin 1 is a key inflection point in our effort to decarbonize the world's physical goods," said John Bissell, Co-Founder and Co-CEO of Origin Materials. "As an operating chemical plant, Origin 1 proves our technology's scalability and brings online an important manufacturing capability that helps us meet the growing demand for our technology and products as the world moves aggressively to a zero-carbon future. We are excited to expand the deployment of our platform now that we have achieved commercial-scale production."
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AXSM AMGN | Hot Stocks07:10 EDT Axsome Therapeutics appoints Mahony to board of directors - Axsome Therapeutics (AXSM) announced that Susan Mahony, PhD, has been appointed to Axsome's board of directors, effective immediately. Dr. Mahony most recently served on the board of directors of Horizon Therapeutics from 2019 until its acquisition by Amgen (AMGN) in October 2023.
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FMS... | Hot Stocks07:09 EDT Dialysis stocks slide after Novo stops kidney outcomes trial early for efficacy - DaVita (DVA), Fresenius Medical (FMS) and Baxter (BAX), which provide kidney dialysis and related services or equipment, are down 15%, 17% and 9%, respectively, in Wednesday pre-market trading after Novo Nordisk (NVO) announced the decision to stop the kidney outcomes trial FLOW studying the effect of semaglutide versus placebo on the progression of renal impairment in people with type 2 diabetes and chronic kidney disease. "The decision to stop the trial is based on a recommendation from the independent Data Monitoring Committee concluding that the results from an interim analysis met certain pre-specified criteria for stopping the trial early for efficacy. Based on the decision to stop the trial at interim, the process of closing the trial will be initiated," the company stated. Novo Nordisk expects that FLOW will read out during the first half year of 2024.
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ZVSA | Hot Stocks07:09 EDT ZyVersa Therapeutics announces peer-reviewed publication on VAR 200 - ZyVersa Therapeutics announces publication of a paper in the peer-reviewed journal, Nature Reviews Nephrology, that summarizes data highlighting how lipid accumulation in the kidneys contributes to CKD development and disease progression. In the review paper titled, "Kidney lipid dysmetabolism and lipid droplet accumulation in chronic kidney disease," the following key points were made: Lipids and lipid-related enzymes have a major role in modulating the function of the kidney's filtration system, and lipid accumulation can drive CKD irrespective of circulating lipid levels and use of systemic lipid lowering drugs like statins. Although several lipid types, including cholesterol, triglycerides, fatty acids, and phospholipids, are dysregulated in the kidney and contribute to CKD progression, dysregulation of cholesterol metabolism is one of the hallmarks of kidney injury in CKD. Cholesterol accumulation occurs in association with impaired transport of cholesterol out of the kidney. Accumulation of fatty acids triggers kidney cell damage by promoting inflammation and fibrosis. The paper includes a brief overview of Cholesterol Efflux Mediator VAR 200, highlighting that it reduced cholesterol accumulation and cell death in podocytes in vitro, and provided protection from kidney disease progression in mouse models of diabetic kidney disease, FSGS, and Alport Syndrome.
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PLUG FSUGY | Hot Stocks07:08 EDT Plug Power named preferred supplier of electrolyzers to Fortescue Metals - Plug Power (PLUG) is currently the preferred supplier of 550 MW electrolyzers to Fortescue (FSUGY) for Fortescue's proposed Gibson Island Project. Fortescue and Plug have signed a Memorandum of Understanding to evaluate the potential supply of a range of capital equipment including electrolyzers, liquefiers, tanker trailers and stationary storage tanks for green hydrogen production projects in North America, including Fortescue's proposed Phoenix hydrogen plant. Both parties are also looking to collaborate on additional large projects on a global basis. Under the terms of the MOU, Plug and Fortescue will also evaluate co-investment opportunities in green hydrogen production projects in North America. Plug and Fortescue have started the initial diligence process for Fortescue to take up to a 40% equity stake in Plug's Texas hydrogen plant and for Plug to take up to a 25% equity stake in Fortescue's proposed Phoenix hydrogen plant. The proposed 550 MW PEM electrolyzer supply contract for Fortescue's green hydrogen production Gibson Island Project in Brisbane, Queensland, Australia, is subject to final negotiations and approvals and Fortescue's final investment decision on that project. An FID is expected by the end of December 2023. Once operational, the plant is expected to produce approximately 385,000 [metric] tons of green ammonia a year from the green hydrogen produced onsite through the 550 MW hydrogen electrolysis facility.
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PRTC | Hot Stocks07:07 EDT PureTech Health presents data on LYT-100 trial in adults at CHEST - PureTech Health presented clinical data supporting the differentiated profile of LYT-100 or deupirfenidone at the CHEST Annual Meeting in Honolulu, Hawaii. The presentation expands on data from a completed trial of LYT-100 in healthy older adults, which informed the two doses selected for the ongoing, global Phase 2b dose-ranging trial of LYT-100 ELEVATE IPF in patients with idiopathic pulmonary fibrosis, IPF . In addition to supporting the improved tolerability of LYT-100 versus the FDA-approved dose of pirfenidone, the data provide insights into the selection of the higher dose of LYT-100 that is also being evaluated in ELEVATE IPF. The trial showed that a 550 mg dose of LYT-100 given three times daily,TID, provided bioequivalent drug exposure to the FDA-approved dose of pirfenidone, 801 mg TID. LYT-100 also demonstrated a 24% lower peak drug concentration than pirfenidone, which is a key factor generally associated with tolerability. "Our goal with the ELEVATE IPF trial is to validate the ability of LYT-100 to deliver a more tolerable treatment with equivalent efficacy to pirfenidone at one dose while also exploring the potential for enhanced efficacy at a higher dose." "Tolerability is a major challenge with the currently available IPF treatments, and it often results in both temporary and permanent dose reductions, premature discontinuation and a reluctance for patients to even begin treatment," said Dr. Toby Maher, M.D., Ph.D., Professor of Medicine and Director of Interstitial Lung Disease at Keck School of Medicine, University of Southern California, Los Angeles, who is presenting the poster at CHEST and is an investigator in the ELEVATE IPF trial. "
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KZIA | Hot Stocks07:07 EDT Kazia Therapeutics announces intent to de-list from ASX - Kazia Therapeutics announces its intention to de-list from the Australian Securities Exchange, or ASX. Kazia advises that it has submitted a formal application to the ASX to be removed from the official list of the ASX in accordance with ASX Listing Rule 17.11. This formal request follows the receipt of in-principle advice from the ASX in relation to the proposed Delisting, subject to the satisfaction of the conditions set out below. The Board has ultimately determined that the costs, administrative burden and commercial disadvantages of remaining listed on ASX outweigh any benefits of a continued ASX listing. Following the Delisting, the Company will maintain its listing on the NASDAQ and the fully paid ordinary shares in the Company will no longer be quoted on the ASX. Further details regarding the reasons for and consequences of the Delisting are set out below. Reasons for seeking removal include: Costs; Access to larger equity markets with biotechnology focus; Capital raisings; Location of directors and management. The Company will notify shareholders whose securities are held on the Company's Australian principal share register of the time and date at which the Company will be removed from the Official List shortly.
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PYPD | Hot Stocks07:07 EDT PolyPid regains compliance with Nasdaq minimum closing bid price rule - PolyPid announced that it has received a written notice from The Nasdaq Stock Market that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities, including the Company's ordinary shares, to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's ordinary shares was at $1.00 per share or greater for the 11 consecutive business days prior to the date of the notice. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers the prior bid price deficiency matter now closed.
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PYR | Hot Stocks07:06 EDT HPQ Silicon announces validation of milestones in HPQ PUREVAPE Gen3 testing - HPQ Silicon updates shareholders on the successful silicon pour. Subsequent to Sept 28th release, PyroGenesis Canada, the project's technology provider, informed HPQ that the enhancements made to improve liquid silicon fluidity at the Gen3 QRR reactor's base in September 2023 played a pivotal role in successfully achieving the final critical milestones, completing a successful silicon pour. As a result, the work completed has now successfully validated 100% of the project's critical milestones, which include: achieving 99.5% Silicon purity from the outset, a level that exceeds the best commercially available purity threshold. Scaling up production by 2,500X from PUREVAPTM Gen2 QRR. Demonstrating the semi-continuous batch production capability of the reactor. Completing a successful silicon pour. Achieving one-step production of 3N+ Silicon or battery-grade Silicon. Production of silicon using 25% less feedstock than conventional carbothermic processes that use a ratio of 6 tonnes of raw materials to produce 1 ton of metallurgical grade silicon.
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KZIA | Hot Stocks07:06 EDT Kazia Therapeutics announces intento to de-list from ASX - Kazia Therapeutics announces its intention to de-list from the Australian Securities Exchange, or ASX. Kazia advises that it has submitted a formal application to the ASX to be removed from the official list of the ASX in accordance with ASX Listing Rule 17.11. This formal request follows the receipt of in-principle advice from the ASX in relation to the proposed Delisting, subject to the satisfaction of the conditions set out below. The Board has ultimately determined that the costs, administrative burden and commercial disadvantages of remaining listed on ASX outweigh any benefits of a continued ASX listing. Following the Delisting, the Company will maintain its listing on the NASDAQ and the fully paid ordinary shares in the Company will no longer be quoted on the ASX. Further details regarding the reasons for and consequences of the Delisting are set out below. Reasons for seeking removal include: Costs; Access to larger equity markets with biotechnology focus; Capital raisings; Location of directors and management. The Company will notify shareholders whose securities are held on the Company's Australian principal share register of the time and date at which the Company will be removed from the Official List shortly.
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PLUG | Hot Stocks07:06 EDT Plug Power hosts 2023 Plug Symposium - Plug Power is holding its fifth annual Plug Symposium. Hosted from Plug's Vista manufacturing facility in Slingerlands, NY, this year's event demonstrates Plug's leadership in growing the global green hydrogen economy through each step of the ecosystem.
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SEAT | Hot Stocks07:05 EDT Vivid Seats introduces National Fan Day - Vivid Seats announced the creationof National Fan Day a national holiday dedicated to the fans that power the live events we love. The first-ever National Fan Day will take place on October 11th, 2023, and celebrates the kind of fandom that Vivid Seats rewards every day through the only loyalty program in the industry. With Vivid Seats Rewards, fans who buy 10 tickets get their 11th free, and much more. It's clear that fandom has reached new heights in 2023. A new national study* commissioned by Vivid Seats, and conducted by global market research firm, The Harris Poll reveals just how dedicated Americans are when it comes to their favorite sports teams, artists, and bands.
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CCCC | Hot Stocks07:04 EDT C4 Therapeutics announces upcoming data on Phase 1/2 trial of CFT7455, CFT8634 - C4 Therapeutics announced plans to share data from the Phase 1 dose escalation portions of the ongoing Phase 1/2 trials of CFT7455 and CFT8634. The CFT8634 Phase 1 dose escalation data has been accepted as a poster presentation at the Connective Tissue Oncology Society Annual Meeting taking place from November 1 - 4, 2023 in Dublin, Ireland. C4T will host a company-sponsored event on December 12, 2023, to share the CFT7455 dose escalation data in relapsed/refractory multiple myeloma. The Phase 1/2 trial is designed to characterize safety, tolerability, pharmacokinetics, pharmacodynamics and evidence of anti-tumor activity of CFT8634 based on RECIST 1.1 criteria. As of August 29, 2023, 32 patients were enrolled across six dose escalation cohorts using a daily dosing schedule. Upcoming CFT7455 Clinical Data: The Phase 1/2 trial is designed to characterize the safety, tolerability, PK, PD and anti-tumor activity of CFT7455 in patients with R/R MM or relapsed/refractory non-Hodgkin's lymphoma (R/R NHL). The Phase 1 dose escalation portion of the ongoing Phase 1/2 trial has utilized a 14 days on/14 days off dosing schedule within which both daily dosing and Monday/Wednesday/Friday dosing were explored. C4T has completed the Phase 1 dose escalation for CFT7455 as a monotherapy in R/R MM using a 14 days on/14 days off dosing schedule; 22 patients were enrolled across five dose escalation cohorts for this portion of the study. Enrollment continues for the Phase 1 dose escalation evaluating CFT7455 with dexamethasone in R/R MM and as a monotherapy in R/R NHL.
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HUM | Hot Stocks07:04 EDT Humana names Jim Rechtin COO, to succeed Bruce Broussard as CEO in 2024 - Humana announced it has named health care industry veteran Jim Rechtin as president and COO of Humana, effective January 8, 2024, as part of a long-planned CEO transition. He will report to Bruce Broussard, CEO, until the latter half of 2024 at which time Broussard will step down and Rechtin will assume the CEO role. Broussard joined Humana in 2011 and assumed the role of CEO in 2013. Rechtin will lead Humana into its next chapter as part of a multi-year succession plan, with Broussard to remain as a strategic advisor to the company into 2025.
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FEMY | Hot Stocks07:02 EDT Femasys regains compliance with Nasdaq listing requirements - Femasys announced that it has it has received notice from The Nasdaq Stock Market LLC informing Femasys that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 555 for continued listing on The Nasdaq Capital Market. Consequently, Femasys is now in compliance with all applicable listing standards, and its common stock will continue to be listed on The Nasdaq Capital Market.
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SVRE | Hot Stocks07:02 EDT SaverOne 2014 says no disruption to business operations in Israel - SaverOne 2014 addressed the status of the company's continued and uninterrupted activity in Israel, against the background of the recent terrorist attack in the south of the country and the subsequent declaration of war by the Israeli government against the Hamas terrorist organization. SaverOne's management affirms that the company has not seen any impact to its ongoing operations in Israel and continues to work as normal. At the same time, the company continues to monitor its ongoing activities and make any needed adjustments to ensure a smooth continuity of its business, while supporting the safety and well-being of its employees. Furthermore, the company notes that its headquarters are in the center of the country, north-east of Tel Aviv and not near any borders. Ori Gilboa, CEO of SaverOne, commented, "We are absolutely devastated by the horrific attacks against our people over the past weekend. We pray for the victims as well as their families, friends and loved ones. We are resilient, and as we have done many times in the past, we will overcome these challenging times. I reaffirm to our employees, partners and shareholders that our continued operations have not been impacted in Israel and we continue to fulfill our duties and service our customers and partners, as normal, and to the fullest of our abilities. Finally, I would like to thank all those that have reached out to express their support and best wishes. "
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TLSA | Hot Stocks07:02 EDT Tiziana Life Sciences announces late breaking poster on Foralumab - Tiziana Life Science announced a late breaking poster titled, "Treatment Of Six Non-Active Secondary Progressive MS With Nasal Anti-CD3 Monoclonal Antibody: Safety, Biomarker, And Disability Outcomes", will be presented at the 39th Congress of the European Committee for Treatment and Research of Multiple Sclerosis being held in Milan, Italy, October 11-13, 2023.
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EXK | Hot Stocks06:52 EDT Endeavour Silver reports Q3 production 1.14M silver oz and 9,089 gold oz - Endeavour Silver reports Q3 production of 1,148,735 silver ounces, or oz, and 9,089 gold oz, for silver equivalent, or AgEq, production of 1.9M oz. Production continues to track in-line with the 2023 production guidance of 8.6-9.5M silver equivalent ounces, totaling 6.5 million AgEq oz for the nine months ended September 30. "Our production decreased this quarter compared to previous quarters due to lower throughput and ore grades processed at Guanacevi. We mined lower grades due to mine sequencing changes related to access and ventilation, whereas throughput was impacted due to an extended scheduled maintenance program. The mine sequencing is now back to plan, which will result in access to improved ore grades going forward. Additionally, the maintenance program has been executed successfully to minimize operational risks in the mill," stated Dan Dickson, CEO. "We anticipate improved operational performance and operational efficiency in the last quarter."
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SFT TRU | Hot Stocks06:50 EDT Shift Technologies, TransUnion enter data sharing relationship - Shift Technologies (SFT) announced the company has finalized a relationship agreement with TransUnion (TRU). As a result, insurers using TransUnion TruLookup attributes and data to support their risk management initiatives can now also have that data used to inform Shift Claims Fraud Detection models via a direct feed.
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LAZ | Hot Stocks06:46 EDT Lazard reports preliminary AUM $228.3B as of September 30 - Lazard reported that its preliminary assets under management as of September 30, 2023 totaled approximately $228.3B. The month's AUM included market depreciation of $5.9B, foreign exchange depreciation of $2.7B and net outflows of $0.5B. Preliminary average assets under management for the quarter ended September 30, 2023 were $236.3B.
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PERF WMT | Hot Stocks06:46 EDT Perfect announces collaboration with Walmart - Perfect (PERF) announced a collaboration with Walmart (WMT) to launch an innovative makeup virtual try-on experience via the Walmart iOS app. The experience will allow Walmart customers to virtually try-on makeup products across the blush, lip color, eye shadow, and bronzer categories and discover their perfect shade. As AI/AR technologies become more integral to deliver personalized and sustainable shopping experiences to customers in 2023, the virtual try-on experience is set to enhance the Walmart shopping journey, empowering customers to try-on multiple makeup shades in seconds through a hyper-realistic AR view.
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GIB | Hot Stocks06:38 EDT CGI Inc. to acquire Momentum Consulting, terms undisclosed - CGI announced the acquisition of Momentum Consulting. Momentum Consulting, a Florida-approved vendor and minority-owned business founded in 2002, brings more than 175 consultants to CGI as well as client relationships in retail, manufacturing, transportation, and logistics.
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XOM PXD | Hot Stocks06:37 EDT Exxon Mobil, Pioneer Natural deal expected to be 'accretive immediately' - The merger combines Pioneer's (PXD) more than 850,000 net acres in the Midland Basin with ExxonMobil's (XOM) 570,000 net acres in the Delaware and Midland Basins, creating the industry's leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies will have an estimated 16B barrels of oil equivalent resource in the Permian. At close, ExxonMobil's Permian production volume would more than double to 1.3M barrels of oil equivalent per day, based on 2023 volumes, and is expected to increase to approximately 2 MOEBD in 2027. ExxonMobil believes the transaction represents an opportunity for even greater U.S. energy security by bringing the best technologies, operational excellence and financial capability to an important source of domestic supply, benefitting the American economy and its consumers. The combination transforms ExxonMobil's upstream portfolio by increasing lower-cost-of-supply production, as well as short-cycle capital flexibility. The company expects a cost of supply of less than $35 per barrel from Pioneer's assets. By 2027, short-cycle barrels will comprise more than 40% of the total upstream volumes, positioning the company to more quickly respond to demand changes and increase capture of price and volume upside. The transaction's unique value creation opportunity results in significant synergies and further upside potential that will be shared by both companies' shareholders. The merger is anticipated to be accretive immediately and highly accretive mid- to long-term to ExxonMobil earnings per share and free cash flow, with a long cash flow runway. ExxonMobil's strong balance sheet combined with Pioneer's added surplus free cash flow provides upside opportunity to enhance shareholder capital returns post-closing.
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XOM PXD | Hot Stocks06:32 EDT Exxon Mobil to acquire Pioneer Natural for $253 per share, or $59.5B - Exxon Mobil (XOM) and Pioneer Natural Resources (PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5B, or $253 per share, based on ExxonMobil's closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise value of the transaction, including net debt, is approximately $64.5B. The per-share merger consideration noted above represents an approximate 18% premium to Pioneer's undisturbed closing price on October 5 and a 9% premium to its prior 30-day volume-weighted average price on the same day. The Boards of Directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. It is also subject to approval by Pioneer shareholders. The transaction is expected to close in the first half of 2024.
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XOM PXD | Hot Stocks06:30 EDT Exxon Mobil to acquire Pioneer Natural for $253 per share, or $59.5B
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GSK | Hot Stocks06:09 EDT GSK confirms confidential settlement reached in Cantlay/Harper Zantac case - GSK plc confirmed it has reached a confidential settlement in the Cantlay/Harper case filed in California state court. "The case, which was set to begin trial on 13 November 2023, will be dismissed. The company has also settled the three remaining breast cancer bellwether cases in California. GSK will be dismissed from these cases, removing all related pre-trial hearings for the company. The settlements reflect the company's desire to avoid the distraction related to protracted litigation. GSK does not admit any liability in the settlements and will continue to vigorously defend itself based on the facts and the science in all other Zantac cases," GSK stated in a press release issued today by GSK to the London Stock Exchange.
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STLA SSNLF | Hot Stocks06:04 EDT Stellantis Samsung SDI announce second site for battery manufacturing facility - Stellantis (STLA) and Samsung SDI (SSNLF) announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours. The joint venture company will invest over $3.2B and create 1,400 new jobs in Kokomo and the surrounding areas. The total investment for both facilities will be over $6.3B and create 2,800 total new jobs. This will be the second StarPlus Energy gigafactory in Kokomo. Construction is already underway on the first StarPlus Energy gigafactory, which is on track to open by the first quarter of 2025 with an annual production capacity of 33 GWh.
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KBR | Hot Stocks06:02 EDT KBR announces K-GreeN technology selected by adoqua Power2X - KBR announced that its K-GreeN technology has been selected by Madoqua Power2X, a joint venture of Madoqua Renewables, Power2X and Copenhagen Infrastructure Partners, for Madoqua's green ammonia project at Sines Industrial Zone in Portugal. Under the terms of the contract, KBR will provide technology license, proprietary engineering design and equipment, and catalyst solutions to Madoqua for its green ammonia projects, including 1200 tonnes per day in Phase 1 and 1500 tonnes per day in Phase 2. Additionally, Madoqua will implement KBR's suite of advanced digital solutions to optimize the operations and energy efficiency for the facility.
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MDWD MMM | Hot Stocks06:02 EDT MediWound announces collaboration with 3M Health Care - MediWound (MDWD) announced collaboration with 3M (MMM) Health Care. 3M Health Care will provide its market leading two-layer compression systems Coban 2 and Coban 2 Lite to be used during the debridement and wound healing phases of the EscharEx Phase III study. EscharEx is being evaluated for efficacy and safety in the debridement of chronic wounds, with the first indication being VLUs. During the debridement phase, as well as in the wound healing phase of the study, 3M's two-layer compression systems will be used as standard of care in all study arms, until the wounds reach complete healing.
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BCDA | Hot Stocks06:01 EDT BioCardia completes enrollment in Phase III CardiAMP HF trial - BioCardia announces completion of enrollment in its CardiAMP Heart Failure Trial and initiation of a discussion with the FDA on a second pivotal study protocol adapted for the responders in the initial trial with the objective of gaining FDA marketing approval. As previously disclosed, interim trial results reviewed by the Data Safety Monitoring Board in July 2023 indicated that the Phase III CardiAMP Heart Failure trial is not likely to meet the primary endpoint for efficacy at 12 months, in part, because both study groups of randomized patients have had good outcomes. There were no treatment emergent safety concerns by the DSMB. Notably, patients receiving CardiAMP Cell Therapy followed up to 24 months showed a 37% relative risk reduction of cardiac death equivalents and an 18% relative risk reduction in major adverse cardiac and cerebrovascular events.
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GOOG... | Hot Stocks05:57 EDT Google says Sonos running 'misleading' patent campaign - Google (GOOGL) said in a blog post: "Sonos (SONO) has been running a years-long, misleading campaign against helpful features in our Google Home devices and smart speaker devices on spurious patent grounds. On Friday, a federal judge ruled firmly in favor of our products, rejecting two of Sonos' patents, building on previous rulings that invalidated the asserted claims from another two of Sonos' patents. The decision shows the weakness of a central plank of Sonos' campaign. The court stated that Sonos' patents are both invalid - meaning they never should have been granted in the first place - and unenforceable, and affirmed that we developed the technology first and independently. The court's decision to dismiss Sonos' claims wholesale speaks for itself. This decision is good news for our users who will once again be able to seamlessly group and integrate Google smart speakers, and for continued innovation of new features across the industry." Reference Link
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WBA CI | Hot Stocks05:56 EDT Walgreens Boots Alliance appoints Tim Wentworth as CEO - Walgreens Boots Alliance (WBA) announced the appointment of Tim Wentworth as the company's new CEO, effective on October 23. Wentworth will also join the WBA board of directors upon assuming the role. Most recently, as founding CEO of Evernorth, Cigna's (CI) health services organization that partners with health plans, employers and government organizations, Wentworth brought together health service capabilities including care provision, pharmacy solutions and benefits management.
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KOS... | Hot Stocks05:54 EDT Kosmos announces oil discovery in Gulf of Mexico - Kosmos Energy (KOS) announced an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is operator of the well and has a 33.34% working interest alongside Occidental (OXY) and Equinor (EQNR). The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964. The well encountered approximately 250 feet of net oil pay in the primary Wilcox target. Wireline logging has been completed and casing is currently being run to the target depth to enable the well to be used as a future oil producer. The Tiberius well is located in approximately 7,500 feet of water and was drilled to a total vertical depth of approximately 25,800 feet. Kosmos will now undertake rock and fluid analysis to confirm the production potential of the reservoir and will work with partners on subsea development options. The discovery is located approximately six miles southeast of the Occidental-operated Lucius SPAR production facility, enabling a short tie-back in the event of a development.
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RHHBY | Hot Stocks05:51 EDT Genentech announces CHIMES trial results - Genentech, a member of Roche, announced results from the Phase IV CHIMES trial evaluating Ocrevus in Black and Hispanic / Latinx people with relapsing multiple sclerosis, or MS. One-year data from the trial show that Ocrevus effectively manages MS disease activity in these populations. Approximately half of all trial participants achieved no evidence of disease activity, or NEDA, at week 48, with over 94% of participants experiencing no relapses during this period. The safety and efficacy profile demonstrated in the trial was consistent with the large body of clinical evidence from other Ocrevus studies. The results were presented at the 9th Joint ECTRIMS-ACTRIMS Meeting in Milan. Additional results from the CHIMES trial showed more than 90% of trial participants had no 24-week confirmed disability progression and no T1-Gd+ lesions. During the trial period, no new or enlarging T2 lesions were observed in about half of Black participants and more than half of Hispanic / Latinx participants. No new safety signals were reported.
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RHHBY | Hot Stocks05:49 EDT Genentech announces data from OCARINA II study - Genentech, a member of Roche, announced late-breaking data from the Phase III OCARINA II study. Study results demonstrate the effect of Ocrevus as an investigational twice-yearly, 10-minute subcutaneous injection on pharmacokinetic, biomarker, and MRI measures in patients with relapsing or primary progressive multiple sclerosis, or RMS or PPMS. The data will be presented in a poster at the ninth Joint ECTRIMS-ACTRIMS Meeting. Ocrevus subcutaneous injection was non-inferior to Ocrevus IV infusion as measured by Ocrevus levels in the blood of patients from day 1 to 12 weeks. Peak Ocrevus blood concentrations were similar for subcutaneous injection and IV infusion. Ocrevus subcutaneous injection provided rapid, sustained and near-complete B-cell depletion that was similar to Ocrevus IV infusion, which was sustained over 24 weeks. At the time of analysis, approximately half the patients in the study had reached 24 weeks of treatment. Both Ocrevus subcutaneous injection and Ocrevus IV infusion resulted in rapid and near-complete suppression of MRI lesion activity by 24 weeks, with most patients having no T1 gadolinium-enhancing lesions, which are markers of active inflammation, and no new/enlarging T2 lesions, which represent the amount of disease burden or lesion load at 24 weeks. The safety profile of Ocrevus subcutaneous injection was consistent with the well-established safety profile of Ocrevus IV infusion. No new safety signals were identified for Ocrevus subcutaneous injection. The most common adverse events in the Ocrevus subcutaneous injection group were injection reactions, all of which were either mild or moderate. The most common AEs in the Ocrevus IV infusion group were infusion-related reactions. A total of four and seven serious AEs were experienced by three and four patients in the Ocrevus subcutaneous and IV infusion groups, respectively. The Ocrevus twice-yearly, 10-minute subcutaneous injection is healthcare provider administered and designed to be delivered without the need for IV infrastructure, so it has the potential to expand the usage of Ocrevus in treatment centers without IV infrastructure or those with IV capacity limitations. This provides an additional delivery option so that Ocrevus can be matched to the individual needs of people with MS and healthcare professionals. The OCARINA II data will be submitted to health authorities around the world in the coming months. Genentech is committed to advancing innovative clinical research programs to broaden the scientific understanding of MS, further reduce disability progression in RMS and PPMS and improve the treatment experiences for those living with the disease.
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CMCL | Hot Stocks05:44 EDT Caledonia Mining reports Blanket gold Mine production 21,772 ounces - Caledonia Mining announced gold production from the Blanket Mine in Zimbabwe for the quarter ended September 30. All production numbers are expressed on a 100% basis and are based on the final assay at the refiners. Reports quarterly gold production of 21,772 ounces, a new quarterly record for Blanket mine. Reports an increase of 3% on the 21,120 ounces produced in the corresponding quarter of 2022. Gold produced in the nine months to the end of September was 55,244 ounces. Caledonia reiterates its gold production guidance for 2023 of between 75,000 and 80,000 ounces.
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SNN | Hot Stocks05:40 EDT Smith & Nephew opens new surgical innovation, training center in Munich - Smith+Nephew announced the opening of the purpose-built Smith+Nephew Academy Munich, a new center for surgical innovation and training. S+N Academy Munich, situated in Kustermann Park in the heart of the city, will provide a central European hub for surgeons from across Europe, the Middle East and Africa. Surgeons and other healthcare specialists will learn the latest surgical techniques using the most advanced technology available, and practice surgical techniques using both hands-on and fully immersive digital interactive experiences.
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BMY | Hot Stocks05:38 EDT Bristol Myers announces new Zeposia data on long term disease progression - Bristol Myers announced new data showing that after eight years of follow-up, 76% of patients treated with Zeposia for relapsing multiple sclerosis, or RMS, were free of six-month confirmed disability progression, or CDP. Findings also demonstrated treatment with Zeposia resulted in low rates of progression independent relapse activity, or PIRA, and relapse-associated worsening, or RAW, key drivers of disease progression and permanent disability in multiple sclerosis. In all participants, PIRA and RAW were observed in 13.2% and 10.7% of participants treated with continuous Zeposia, respectively, after eight years in the open-label extension study. Higher baseline expanded disability status scale, or EDSS, scores to assess CDP and lower baseline whole brain, cortical grey matter and thalamic volumes were predictive of RAW but not PIRA. The new late-breaking data will be presented on October 11 at the 9th Joint ECTRIMS-ACTRIMS meeting taking place in Milan, Italy. The analyses of PIRA and RAW included 363 patients who received continuous Zeposia treatment in the Phase 3 DAYBREAK open-label extension trial, following completion of the Phase 3 RADIANCE trial. Among patients with CDP, 54.5% and 44.3% had PIRA or RAW, respectively, and 8% had both. The Phase 3b ENLIGHTEN study is a trial evaluating patients with early RMS, the majority of whom have not received disease modifying therapies. Interim ad hoc data showed that after one year of Zeposia treatment, almost half of patients living with early RMS showed clinically meaningful improvement in cognitive functioning, defined as an increase of at least four points or 10% from baseline as measured by the symbol digital modalities test; 25.9% remained stable in their cognitive function as evidenced by a plus or minus four points or 10% change in SDMT versus baseline; and 26.7% worsened as evidenced by a decrease of at least four points or 10% in SDMT versus baseline. Additionally, ENLIGHTEN participants had little clinical or radiologic evidence of RMS disease activity during that year, with 91.9% of patients free of gadolinium-enhancing lesions at Month 12. Treatment-emergent adverse events, or TEAEs, were assessed from the start of the ENLIGHTEN trial through the data cutoff and showed that COVID-19 was the most frequent TEAE, with other common TEAEs largely consistent with those reported in the overall Zeposia clinical development program.
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BSY GEHC | Hot Stocks05:33 EDT Bentley Systems appoints Kristin Fallon as chief marketing officer - Bentley Systems (BSY) announced executive appointments. Kristin Fallon, chief marketing officer, Bentley Systems. Kristin Fallon joins Bentley as chief marketing officer, based in Annapolis, Maryland. Most recently, Fallon was global head of brand and digital Marketing at GE HealthCare (GEHC).
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BSY | Hot Stocks05:31 EDT Bentley Systems subsidiary to acquire Flow State Solutions, terms undisclosed - Bentley Systems announced that Seequent, The Bentley Subsurface company, has signed an agreement to acquire Flow State Solutions. The move further solidifies Seequent's position as the most comprehensive subsurface software provider for the geothermal industry.
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ASX | Hot Stocks05:30 EDT ASE Technology reports September revenue $1.68B, down 22.7% - Reports September ATM revenue $891M, down 16%. Reports Q3 revenue $4.9B, down 21.8%. Reports Q3 ATM revenue $2.66B, down 19%.
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SNAL | Hot Stocks05:23 EDT Snail, Angela Game settle Myth of Empires trade secret and copyright allegations - Snail along with its subsidiary Studio Wildcard, has officially disclosed a settlement agreement with Suzhou Angela Online Game Technology and Imperium Interactive Entertainment. The settlement marks the resolution of copyright and trade secret litigation concerning Myth of Empires, or MoE, and includes ongoing royalty payments of Myth of Empires from Angela to Snail, while Snail assists the distribution of Myth of Empires. While details of the settlement and release agreement remain confidential, the parties jointly announced the resolution of their disputes and Snail Games' cooperation with Angela in the distribution of Myth of Empires going forward. This is pursuant to the terms of the settlement, Snail Games will withdraw its DMCA Notice against Myth of Empires and work collaboratively with PC distribution platforms for a re-release of the game in early 2024. Additionally, Snail Games will partner on the global launch of MoE on both PlayStation and Microsoft platforms in early 2024 and will assist in public relations, marketing, and first party support for the game. Myth of Empires will be released by Angela and Snail Games both physically and digitally on console and PC. Angela Games will also develop a steady cadence of DLC and expansion packs for Myth of Empires, in partnership with Snail Games USA.
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GOOG GOOGL | Hot Stocks05:20 EDT BT, Google Cloud announce new cybersecurity partnership - BT and Google Cloud announced a new partnership focusing on an enhanced commitment to cybersecurity innovation. Serving customers in more than 180 countries and with a team of 3,000 security professionals, BT works with the security industry's vendors to provide managed security solutions to private and public sector organizations around the world. As part of the partnership, BT will become a managed services delivery partner for Google's Autonomic Security Operations, or ASO, offering based on Google Chronicle. ASO is a holistic framework that combines principles, practices, and tools that enable organizations to take an adaptive and automated approach to threat management. Underpinned by Chronicle's peta-byte scale detection, a data lake powered by Google Cloud's data and analytics platform BigQuery, and rich, compelling analytics via Looker, the solution decreases the time to detect and respond to threats-which is essential in the face of the increasing volume and complexity of cyber-attacks.
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HIMX | Hot Stocks05:08 EDT Himax commences mass production of LTDI automotive display solution in Q3 - Himax announced that mass production of its Large Touch and Display Driver Integration, or LTDI, automotive display solution, HX83180 series, for vendors' latest NEV models, commenced during the third quarter of 2023. LTDI design is particularly suitable for prevailing NEVs, known for their stylish smart cabins that feature large-sized display, panoramic view, free-form, curved design and in-cell touch functions. The company has received a proliferation of inquiries regarding its LTDI solution which is now universally adopted by panel makers across the board. The advancement of electric and autonomous vehicles has shifted the focus of the automotive industry from traditional metrics of engine efficiency and horsepower to prioritizing battery longevity and user-friendly interior cabin design. With the introduction of innovative display technology, car manufacturers have redefined the functionality of dashboards and central consoles, transforming them into an integrated, panoramic cockpit display with touch features. This transformative approach provides a consumer-electronics-inspired human-machine interface, delivering a futuristic and high-tech driving experience.
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