Stockwinners Market Radar for October 17, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CRSP | Hot Stocks20:08 EDT Cathie Wood's ARK Investment bought 201K shares of Crispr Therapeutics today
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TAK | Hot Stocks19:43 EDT Takeda's topline results of ph3 trial of Alofisel did not meet primary endpoint - The company states: "Takeda announced that the Phase 3 ADMIRE-CD II study, assessing the efficacy and safety of Alofisel, or darvadstrocel, for the treatment of complex Crohn's Perianal Fistulas, did not meet its primary endpoint of combined remission at 24 weeks, based on topline data. The safety profile for darvadstrocel was consistent with prior studies and there were no new safety signals identified. Alofisel is approved in the European Union, Israel, Switzerland, Serbia, United Kingdom and Japan based on positive data from the previously completed ADMIRE-CD study. The approval in Japan is also based on positive data from the Japanese study, Darvadstrocel-3002. In addition, approximately 800 patients have been enrolled in INSPIRE, an ongoing, observational study of the real-world effectiveness and safety of Alofisel in patients with complex CPF. Takeda is continuing to assess the financial impacts of the study results, including impairment loss for intangible assets, on the fiscal quarter ended September 30, 2023. Any revisions to the consolidated forecast for the fiscal year ending March 31, 2024 (FY2023) will be announced during Takeda's second quarter earnings call, scheduled for October 26, 2023."
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TAK | Hot Stocks19:41 EDT Takeda settles tax dispute with Irish Revenue Commissioners - Taked "announced it agreed with the Irish Revenue Commissioners to settle a tax assessment related to the treatment of an acquisition break fee received by Shire plc in October 2014 from AbbVie Inc., for EUR 130 million, resulting in a tax expense reduction of approximately JPY 63 billion for Takeda. On November 28, 2018, Shire received a tax assessment from the Irish Revenue for EUR 398 million in relation to the USD 1,635 million break fee Shire received in connection with the terminated offer by AbbVie to acquire Shire in 2014. Takeda appealed this assessment, and in late 2020 a hearing took place before the Irish Tax Appeals Commission. On July 30, 2021, Takeda received a ruling on the matter, with the TAC ruling in favor of Irish Revenue. While Takeda intended to appeal the TAC ruling and continued to assert that the AbbVie break fee was not subject to Irish tax, Takeda recorded a tax provision for the case in the fiscal quarter ended June 30, 20211. Subsequently, the TAC was required to rehear the matter in 2023. The re-hearing process was still ongoing when the parties reached this agreement. Under the terms of the agreement with Irish Revenue, Takeda will make a payment to Irish Revenue of EUR 130 million including interest and without penalties, as a full and final settlement of all liabilities in relation to the receipt of the break fee. As a result, Takeda will reverse its current tax provision in excess of the settlement amount of EUR 130 million and record approximately JPY 63 billion tax expense reduction in the consolidated financial statements for the quarter period ended September 30, 2023. This has no impact on Takeda's Core financial results, as the tax expense reduction resulting from the settlement is a non-recurring item unrelated to Takeda's ongoing operations. The EUR 130 million settlement amount will be paid to the Irish Revenue in the quarter period ending December 31, 2023."
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ARDX | Hot Stocks19:23 EDT Ardelyx announces FDA approves XPHOZAH in adults with CKD - Ardelyx "announced that the U.S. Food and Drug Administration has approved XPHOZAH, or tenapanor, the first and only phosphate absorption inhibitor, indicated to reduce serum phosphorus in adults with chronic kidney disease (CKD) on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy. XPHOZAH is a single tablet taken twice daily that offers a first-in-class mechanism of action that blocks phosphate absorption through its primary pathway. FDA approval of XPHOZAH is based on a comprehensive development program, including a diverse population of more than 1,000 patients in three Phase 3 clinical trials evaluating the efficacy and safety of XPHOZAH, as monotherapy and in combination with phosphate binder therapy, all of which met their primary and key secondary endpoints. Data from the three clinical trials demonstrated that XPHOZAH significantly reduced elevated serum phosphorus in patients receiving maintenance hemodialysis. Diarrhea, which occurred in 43 to 53 percent of patients, was the only adverse reaction reported in at least five percent of XPHOZAH-treated patients with CKD on dialysis across trials. The majority of diarrhea events in the XPHOZAH-treated patients were reported to be mild-to-moderate in severity and resolved over time, or with dose reduction. Diarrhea was typically reported soon after initiation but could occur at any time during treatment with XPHOZAH. Severe diarrhea was reported in five percent of XPHOZAH-treated patients in these trials. Ardelyx also completed two open-label clinical trials to evaluate different options for integrating XPHOZAH into clinical practice."
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SCU | Hot Stocks19:21 EDT Sculptor Capital's special committee calls Dan Och's lawsuit 'baseless' - Sculptor Capital Management, Inc.'s Special Committee of its Board of Directors issued the following statement in response to a complaint filed in Delaware Chancery Court by Daniel S. Och, Harold Kelly, Richard Lyon, James O'Connor, and Zoltan Varga. "The Special Committee's role is to recommend the transaction that it believes is in the best interest of stockholders, based on price and certainty of closing. Contrary to Dan Och's assertions in the baseless lawsuit filed today that he too seeks to act in the best interest of stockholders, his ongoing campaign against the company, including his conduct throughout the Special Committee's process, has cost stockholders significant value. His complaint is replete with materially misleading statements, and Sculptor intends to vigorously defend itself."
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WRNT | Hot Stocks18:32 EDT Warrantee receives non-compliance letter from Nasdaq - Warrantee announced that the Company received a letter from the Listings Qualifications Department of the Nasdaq Stock Market on October 13, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550 for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810, which requires prompt disclosure upon the receipt of a deficiency notification. The Company intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
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FULT | Hot Stocks18:19 EDT Fulton Financial raises FY23 net interest income view to $845M-$855M - Previous view $830M-$840M. Backs FY23 non-interest income view $220M-$230M. Backs FY23 provision for credit losses view $55M-$65M. Raises FY23 non-interest expense view to roughly $665M from $645M-$660M. Backs FY23 effective tax rate view of about 17.5%. Guidance taken from Q3 earnings conference call presentation slides.
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TALS | Hot Stocks17:51 EDT Talaris Therapeutics announces 1-for-10 reverse stock split - Talaris announced that it will effect a 1-for-10 reverse stock split of its common stock that will be effective on Thursday, October 19, 2023, prior to the closing of the Merger. At the special meeting of stockholders, the holders of a majority of Talaris' outstanding shares of common stock also approved the reverse stock split and gave Talaris' board of directors discretionary authority to select a ratio for the split ranging from 1-for-10 to 1-for-14. The combined company's common stock is expected to begin trading on Nasdaq on a split-adjusted basis on Friday, October 20, 2023. The new CUSIP number for the combined company's common stock following the Merger and the reverse stock split is 89157D 105.
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BHP | Hot Stocks17:51 EDT BHP backs FY24 copper production guidance 1.72M-1.91M tons - Backs FY24 iron ore production 254M-264.6M tons.
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TALS | Hot Stocks17:50 EDT Talaris Therapeutics shareholders approve merger with Tourmaline Bio - Talaris Therapeutics announced the results of the special meeting of its stockholders held on October 17, 2023. At the special meeting, Talaris' stockholders voted in favor of all proposals, including the proposal to approve the issuance of shares of Talaris' common stock to the stockholders of Tourmaline Bio, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 22, 2023, pursuant to which a direct wholly owned subsidiary of Talaris will merge with and into Tourmaline, with Tourmaline surviving the merger as a direct wholly owned subsidiary of Talaris. The closing of the Merger is anticipated to take place on or around Thursday, October 19, 2023. Following the closing of the Merger, the combined company plans to change its name from Talaris Therapeutics to Tourmaline Bio, trade on The Nasdaq Global Market under the ticker symbol "TRML" and will be led by Tourmaline's existing management team. The combined company will focus on Tourmaline's mission to develop transformative medicines that dramatically improve the lives of patients with life-altering immune diseases.
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LGO | Hot Stocks17:50 EDT Largo reports Q3 production 2,163 tonnes of vanadium pentoxide equivalents - Largo announces quarterly production of 2,163 tonnes and sales of 2,385 tonnes of vanadium pentoxide equivalent, respectively, in Q3. Q3 highlights include: V2O5 production of 2,163 tonnes vs. 2,906 tonnes produced in Q3 2022, including 644 tonnes in July, 775 tonnes in August and 744 tonnes in September; Global V2O5 recovery rate3 of 76.9% in Q3 2023 vs. 80.7% in Q3 2022; V2O5 equivalent sales of 2,385 tonnes vs. 2,796 tonnes sold in Q3 2022; the average benchmark price per lb of V2O5 in Europe was $8.03, a 2.5% decrease from the average of $8.23 seen in Q3 2022; ramp up of its new ilmenite concentration plant continues with ilmenite concentrate production of 350 tonnes in August and 700 tonnes in September. Largo Clean Energy completed site acceptance testing of its Enel Green Power Espana 6.1 MWh vanadium redox flow battery deployment and submitted results to EGPE, with the expectation of completing the hot commissioning phase of the battery; Provisional acceptance is expected in Q4 2023. 2023 production, sales, cost and capital expenditures guidance remain unchanged. Daniel Tellechea, Interim CEO and Director of Largo, stated: "Despite production setbacks in the third quarter caused by the previously reported accident in our chemical plant and delays in the ramp of our new magnetic separator in the crushing plant, Largo remains steadfast in its commitment to rectifying operations in the Q4 and has maintained its production, cost and capex guidance for 2023."
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BHP | Hot Stocks17:49 EDT BHP reports Q1 copper production up 11% year-over-year - "First quarter operational performance was highlighted by a 11% uplift in copper production from the previous year," the company said. "After completing a typically busy quarter of planned maintenance particularly at our Australian assets, we are on track to achieve full year production and unit cost guidance. BMA in particular was impacted by planned maintenance, an extended longwall move and low opening inventory following drawdowns in the prior year. Jansen Stage 1 in Canada is approximately one-third complete after a productive summer. In South Australia, we saw strong operational performance in the first full quarter of production for the new province, as we bring our copper assets together and progress further exploration drilling."
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RBLX | Hot Stocks17:47 EDT Roblox asks a number of remote employees to starting working from San Mateo HQ - Roblox said it will be asking a number of its remote employees to begin working from its headquarters in San Mateo by next summer and transitioning away from remote work at Roblox. "We did not make this decision lightly, as we understand that the decision to move is significant, both for our employees and for their families and loved ones," the company said. "All remote employees will receive an email within the next hour with details about the impact of this decision on the location of their roles." Reference Link
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GOGO | Hot Stocks17:33 EDT Gogo 5G selected by AirSprint Private Aviation - Gogo Business Aviation announced AirSprint Private Aviation, a leading Canadian fractional operator, will begin upgrading its Cessna Citation CJ3+ and Embraer aircraft to Gogo 5G-making it Gogo's first Canadian fleet customer. Gogo 5G is expected to deliver speeds five to 10 times faster than current speeds, at approximately 25 Mbps on average, and 75-80 Mbps at its peak. Expansion of the Gogo 5G network in Canada will add significantly more time for inflight connectivity for operators flying in or through the country. Gogo is the only air-to-ground (ATG) company in business aviation with coverage in Canada and Alaska. The agreement also includes options for AirSprint to upgrade its midsize aircraft with Gogo Galileo HDX, Gogo's Low Earth Orbit global broadband solution, expected to launch in the second half of 2024.
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BKNG | Hot Stocks17:30 EDT Booking Holdings CEO sells $2.23M, CFO sells $1.64M in common stock - In regulatory filings, Booking Holdings disclosed that its CEO Glenn Fogel sold 750 shares of common stock and CFO David Goulden sold 550 shares of common stock on October 16th in respective transaction sizes of $2.23M and $1.64M.
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UAL | Hot Stocks17:28 EDT United Airlines sees total mainline aircraft 945 at year end 2023 - Sees total regional aircraft 413 at year end 2023.
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VKTX | Hot Stocks17:28 EDT Viking Therapeutics up 7% at $11.52 after Phase 1 clinical trial data for VK2735
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VICR | Hot Stocks17:25 EDT Vicor jumps 4% to $55.72 after inclusion in S&P 600
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WWAC | Hot Stocks17:25 EDT Worldwide Webb Acquisition, Aeries Technology announce registration statement - Aark Singapore Pte. and its subsidiary Aeries Technology, a global professional services and consulting partner, and Worldwide Webb Acquisition Corp., a publicly traded special purpose acquisition company, announced that on October 17, 2023, the U.S. Securities and Exchange Commission declared effective the registration statement on Form S-4, as amended, which had been filed by WWAC in connection with the previously announced proposed business combination. Assuming satisfaction of the conditions to the closing of the Business Combination, including approval of the Business Combination by WWAC's shareholders, the post-Business Combination company intends to list its securities on the Nasdaq exchange under the proposed symbols "ATBA" and "ATBAW", respectively.
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FND | Hot Stocks17:24 EDT Floor & Decor jumps 7% to $90.74 after inclusion in S&P 400
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BIO | Hot Stocks17:23 EDT Bio-Rad CFO Ilan Daskal plans to resign effective November 6 - On October 12, Ilan Daskal, the Executive Vice-President, Chief Financial Officer of Bio-Rad Laboratories and the Company's principal financial officer, notified the Company of his plans to resign from the Company to pursue another opportunity, effective at the close of business on November 6. The Company has initiated a search to fill this position. Reference Link
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VICR... | Hot Stocks17:19 EDT Vicor to replace Circor in S&P 600 at open on 10/20 - KKR & Co. (KKR) is acquiring CIRCOR International (CIR) in a transaction expected to close October 18.
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FND VICR | Hot Stocks17:18 EDT Floor & Decor to replace Vicor in S&P 400 at open on 10/20
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SSRM | Hot Stocks17:15 EDT SSR Mining to sell Sunrise Lake Property to Honey Badger Silver - SSR Mining announced that it has entered into a definitive agreement to sell its Sunrise Lake Property to Honey Badger Silver in exchange for a 4.0% net smelter return royalty on the Property. Under the terms of the agreement, at any time until commencement of construction activities, 2.0% of the NSR royalty can be repurchased by Honey Badger for total consideration of $10M. Sunrise Lake is an early-stage, greenfield exploration property located in the Northwest Territories, 130 kilometers northeast of Yellowknife. The Property hosts silver-gold and base metal mineralization outlined by 21,774 meters of historical surface diamond drilling completed between discovery in 1987 and 1998. Exploration activities completed on the Property to-date have focused on silver-lead-zinc volcanogenic massive sulfide mineralization.
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OMC | Hot Stocks17:13 EDT Omnicom says positioned 'very well' for 'strong growth' in 2024 - Says return on equity continues to be an "excellent" indicator of conservative capital structure. Comments taken from Q3 earnings conference call.
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INCR | Hot Stocks17:07 EDT InterCure provides update regarding security situation in Israel - InterCure addressed the status of the security situation in the State of Israel, and its impact on the Company and its employees. The company said, "On October 7, 2023, Hamas terrorists infiltrated Israel's southern border (the "Israeli Southern Border") from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on Israeli population and industrial centers located along Israel's border with the Gaza Strip and in other areas within the State of Israel. These attacks resulted in extensive deaths, injuries and kidnapping of civilians and soldiers. Following the attack, Israel's security cabinet declared war against Hamas and a military campaign against these terrorist organizations. As a Company that chose to establish its main facility in Kibbutz Nir Oz (the "Southern Israel Site"), approximately 2 kilometers from the Gaza border, we stand united with the Israeli villages and towns bordering the Gaza Strip, all the victims of the terrorist attack, the citizens and the defense forces of our country. We seek to strengthen and embrace all those who need assistance. Together, we will win. Despite the numerous challenges, the Company's management, cannabis trading houses, and pharmacies are working diligently to provide the required service to patients, and meet the growing demand for the Company's products, especially during this difficult period. The Southern Israel Site in Kibbutz Nir Oz, one of the most advanced and largest facilities in Israel and outside North America, encompasses the largest genetic bank and inventory in Israel. Since the beginning of the war, the Southern Israel Site facility in Nir Oz has been designated by the Israeli authorities as a closed military area. At this point, the Company is unable to assess the extent of the damage to the Southern Israel Site, and the scope of the rehabilitation that will be required. All of the Company's remaining facilities, in Israel and abroad, are functioning normally, and have been asked to ramp up production. The Company estimates in high certainty that it will be entitled for compensation from the Israeli Government for the damages suffered. During the COVID-19 pandemic, the Company's facilities, including the Southern Israel Site in Nir-Oz, were recognized as an "essential enterprise" by the Israeli government.The Company has received substantial offers to supply its inventories and to grow its genetics from various local and international strategic partners. At this point, the duration of the war, and its direct and indirect damages are highly uncertain. While the Company is estimated in high certainty that the Israeli government will compensate the Company for damages that were caused by the terrorist attack and the war, the Company is currently unable to estimate the impact on its financial results. As the largest and leading medical cannabis company in Israel, InterCure has decided to support and supply the communities in the Israeli Southern Border, as well as the survivors from the terrorist attack, with its line of products, free of charge, to ease their pain and provide relief for various medical conditions, including pain relief and trauma treatment. The Company is working closely with the Ministry of Health of Israel to promote special trauma treatment programs..."
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WTFC | Hot Stocks17:03 EDT Wintrust Financial reports Q3 net interest margin 3.60% vs. 3.34% last year - Reports Q3 provision for credit losses $19.9M vs. $6.4M last year.
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TENB | Hot Stocks17:02 EDT Tenable OT Security selected by Chubu Electric Power Grid - Tenable announced that Chubu Electric Power Grid has chosen Tenable OT Security to ensure the supply of power in the Chubu region is not disrupted by cyberattacks and natural disasters. Amidst the rising complexity of cyberattacks on critical infrastructure and the emergence of insider threats, Chubu Electric Power Grid recognized that preventive cyber risk hinges upon comprehensive knowledge of asset distribution and potential vulnerabilities.
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ARDX | Hot Stocks17:00 EDT Ardelyx trading halted, news pending
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THS SJM | Hot Stocks16:53 EDT J.M. Smucker announces agreement to sell condiments brands to TreeHouse Foods - The J.M. Smucker (SJM) announced it has entered into a definitive agreement to sell its Bick's pickles, Habitant pickled beets, Woodman's horseradish and McLarens pickled onions brands to TreeHouse Foods (THS), a leading private label food and beverage manufacturer in North America. The all-cash transaction is valued at approximately $20M, subject to a working capital adjustment. The brands included in the transaction generated net sales of approximately $60M for the Company's fiscal year ended April 30 which were reported in its International and Away From Home results. The Company expects the impact of the divestiture to be immaterial to its adjusted earnings per share on a full-year basis. The Company will provide additional information about the transaction's impact on its fiscal year 2024 outlook during the next quarterly earnings call. The transaction is anticipated to close in the Q3 of the Company's current fiscal year ending April 30, 2024, subject to customary closing conditions.
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NKE | Hot Stocks16:53 EDT Nike chairman sells $5.79M in common stock - In a regulatory filing, Nike disclosed that its executive chairman Mark Parker sold 58K share of common stock in a total transaction size of $5.79M.
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FULT | Hot Stocks16:33 EDT Fulton Financial reports Q3 net interest margin 3.40% vs. 3.54% last year - Reports Q3 net charge-offs 0.10% vs. 0.01% last year and Q3 provision for credit losses of $9.9M vs. $19.0M last year.
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LECO | Hot Stocks16:32 EDT Lincoln Electric increases quarterly cash dividend 11% to 71c per share - Lincoln Electric announced that its board of directors has approved an 11% increase in the quarterly cash dividend, from 64c per share to 71c per share, or to $2.84 per share on an annualized basis. The dividend is payable January 12, 2024, to shareholders of record at the close of business on December 31.
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MIRM | Hot Stocks16:32 EDT Mirum says FDA extends review of sNDA for LIVMARLI - Mirum Pharmaceuticals announced that the U.S. Food and Drug Administration has extended the review of the Supplemental New Drug Application for LIVMARLI oral solution for the treatment of cholestatic pruritus in patients with progressive familial intrahepatic cholestasis. The new Prescription Drug User Fee Act date is March 13, 2024. The FDA extended the PDUFA date to allow time for a full review of a submission provided in response to an FDA information request, which the FDA deemed a major amendment. The submission comprised further analysis of certain clinical information that was previously provided to the FDA by the company. No additional data or studies have been requested.
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LBRT | Hot Stocks16:30 EDT Liberty Energy raises quarterly dividend 40% to 7c per share - Liberty Energy announced that its Board of Directors has declared a dividend of 7c per share of Class A common stock, to be paid on December 20, 2023 to holders of record as of December 6, 2023. This dividend represents a 40% increase from the prior quarter. "Our investment in differential technologies and innovative businesses build on our competitive advantage and expand our market opportunities," commented Chris Wright, Chief Executive Officer. "We are increasing our quarterly cash dividend by 40% in response to the significant growth in our per share earnings and cash generating abilities from our business transformation over the last three years."
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MCB | Hot Stocks16:28 EDT Metropolitan Commercial partners with Finzly for advanced payment processing - Metropolitan Commercial Bank announced a partnership with leading cloud-based payments platform, Finzly. By leveraging Finzly's modern payment hub, Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow. The Bank recognizes the importance of offering innovative and secure payment solutions to meet the changing needs of its customers. "We selected Finzly for its ability to cater not only to our business customers and consumers but also to foster robust partnerships within the payments industry," said Nick Rosenberg, EVP, Head of Global Payments Group, at Metropolitan Commercial Bank. "Through Finzly's advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation." In addition, the Bank plans to implement customized payment solutions that cater to the specific needs of its diverse business clients by integrating Finzly's innovative business banking platform.
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PFG | Hot Stocks16:27 EDT Principal Financial reports Q3 AUM of $650.6B - In a regulatory filing, the company states: "As of September 30, 2023, the assets under management for Principal Financial Group were $650.6 billion, of which $469.0 billion is managed by Principal Global Investors and $168.4 billion is reported by Principal International."
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CCJ | Hot Stocks16:25 EDT Cameco announces passing of board chair Ian Bruce - Cameco said it is mourning the accidental passing of its long-standing board member and board chair Ian Bruce on Sunday, October 15 at his cottage in Ontario. "We are heartbroken with this tragic loss of a dear friend and valued colleague. I have worked with Ian since he joined our board more than a decade ago. He was a dedicated husband and father who was very proud of his family. We extend our deepest condolences to Ian's wife Darlene, their family and their many friends and loved ones," said Tim Gitzel, president and CEO of Cameco. "Ian was also proud to be part of the Cameco family and his business acumen and leadership were invaluable to our board." Ian first joined Cameco's Board of Directors in 2012 and became board chair in May 2018, bringing over 30 years of experience in investment banking after serving as president and CEO of Peters & Co. Ltd. He also chaired the boards of MEG Energy Corporation and Qube Technologies Inc.
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UAL | Hot Stocks16:22 EDT United Airlines falls 4% to $38.32 after weak Q4 EPS guidance
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AEL | Hot Stocks16:17 EDT American Equity reports Q3 total enterprise sales $2.2B - American Equity Investment Life Holding Company announced that its third-quarter 2023 sales totaled $2.2B, substantially all of which were in fixed index annuities. Third quarter 2023 sales were $2.2B, of which 99% were in fixed index annuities. Total enterprise FIA sales increased 18% compared to the second quarter of 2023 and 203% compared to the third quarter of 2022.
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KURA | Hot Stocks16:17 EDT Kura Oncology announces results from AIM-HN study of tipifarnib - Kura Oncology announced results from its registration-directed AIM-HN study of tipifarnib in patients with HRAS mutant head and neck squamous cell carcinoma, or HNSCC, whose disease is recurrent or metastatic and has progressed after prior therapy. These clinical results are being featured during a late-breaking oral session at the 2023 European Society for Medical Oncology, or ESMO, Congress in Madrid, Spain, in a presentation titled, "A phase 2 study evaluating tipifarnib in mHRAS, recurrent or metastatic, or R/M, head and neck squamous cell carcinoma." The abstract is now available on the ESMO website and the presentation will be available in the Posters and Presentations section on Kura's website at the start of the poster session on Saturday, October 21. As of the data cutoff on June 15, 59 patients with R/M HRAS mutant HNSCC were enrolled, of whom 50 had high HRAS mutant variant allele frequency and 38 were evaluable for efficacy. The following table compares response assessed between the investigators and the independent review facility, in the modified intent to treat high VAF population. Both assessments by investigators and IRF observed one patient achieving a CR on treatment. Patients had a median of two prior lines of therapy in the recurrent/metastatic setting and robust activity was seen in second line treatment and beyond with greater activity observed in the second line versus the third line and subsequent treatments. The ORR in second line treatment was 29% in the IRF assessment. The ORR for three FDA-approved therapies for the treatment of HNSCC in the second line range from 13-16%. Patients in the AIM-HN trial received tipifarnib at a dose of 600 mg orally twice daily on days 1-7 and 15-21 of 28-day cycles. Tipifarnib was generally well-tolerated with a manageable safety profile. The most common grade 3 or 4 treatment-related adverse events, or TRAEs, seen in at least 10% of patients were cytopenias and TRAEs led to discontinuation of treatment in 7% of patients.
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VMI | Hot Stocks16:16 EDT Valmont to partner with FieldSync - Valmont(R) Industries "announced a strategic partnership with FieldSync, a pioneering provider of infrastructure data acquisition and analytics technology. This groundbreaking partnership represents a first of its kind, geared toward delivering innovative product solutions that drive digital transformation and provide customers with continued value. Aiming to better fuse climbing and drone inspection methods, the collection and delivery of inspection data, and recommendations for infrastructure management, the partnership between Valmont and FieldSync marks a significant milestone in the evolution of data acquisition and analytics in the telecommunications market. By combining Valmont's expertise as a global leader in creating vital infrastructure with FieldSync's cutting-edge technology solutions, the companies will jointly offer a comprehensive suite of advanced solutions to optimize the infrastructure lifecycle. Together, the two companies will be able to provide a total package, turnkey solution that includes structure purchase, initial and ongoing data collection, and recommendations for maintenance to extend service life."
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ETWO | Hot Stocks16:16 EDT E2open says it 'encourages and maintains' open dialogue with all shareholders - E2open Parent Holdings commented on the Schedule 13D filed on behalf of Elliott Investment Management, L.P. with the U.S. Securities and Exchange Commission. "E2open encourages and maintains an open dialogue with all of our shareholders," the company said. "Our Board of Directors and management team remain committed to creating long-term shareholder value and continue to take actions to achieve that objective."
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TEX | Hot Stocks16:12 EDT Terex CEO John Garrison, Jr. to retire, Simon Meester to succeed - Terex announced that John Garrison, Jr. is retiring as Chairman and CEO and a member of the Board of Directors, effective January 1, 2024. Garrison will be succeeded by Simon Meester, current President Terex Aerial Work Platforms, as the company's President and CEO. Meester will also join the company's Board. Garrison will work closely throughout the remainder of 2023 with Meester to ensure a seamless and orderly transition of responsibilities. Joshua Gross, current Genie Vice President of Global Strategy and Product Management, will be promoted to President Genie. Garrison will continue as a consultant for Terex after January 1, 2024 through June 30, 2024. David Sachs, currently lead independent director of the Terex Board will become Non-Executive Chairman of the Board effective January 1, 2024.
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JBHT | Hot Stocks16:10 EDT J.B. Hunt down 3% at $190.25 after Q3 earnings miss
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RYTM | Hot Stocks16:10 EDT Rhythm Pharma data show LT benefit of setmelanotide on hypothalamic obesity - Rhythm Pharmaceuticals announced several data presentations showing that setmelanotide therapy resulted in sustained and deepened weight loss in patients with severe obesity caused by rare MC4R pathway diseases during The Obesity Society's Annual Meeting at ObesityWeek..."We are excited to highlight the data showing meaningful, long-term benefits of setmelanotide in patients living with hyperphagia and severe obesity caused by rare MC4R pathway diseases at ObesityWeek," said David Meeker, M.D., Chair, President and Chief Executive Officer of Rhythm. "We believe the one-year BMI reduction of more than 25% in patients with hypothalamic obesity - where individuals trended towards normal body weight - is particularly encouraging as it shows continued improvement over our previously reported 16-week and six-month data. The hypothalamic obesity data affirm our confidence as we advance our pivotal, Phase 3 trial and work to bring setmelanotide to patients and families facing this challenging disease for which there are no approved, effective therapies."
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UAL | Hot Stocks16:10 EDT United Airlines reports Q3 capacity up 15.7% y/y - Reports Q3 TRASM down 2.8% y/y; CASM down 3.6%, and CASM-ex up 2.6%. Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.5x.
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VKTX | Hot Stocks16:08 EDT Viking Therapeutics announces results from Phase 1 clinical trial of VK2735 - Viking Therapeutics announced that new results from the company's Phase 1 single ascending dose, or SAD, and multiple ascending dose, or MAD, clinical trial of VK2735 were featured in an oral presentation at ObesityWeek 2023, the annual meeting of The Obesity Society. VK2735 is a novel dual agonist of the glucagon-like peptide 1, or GLP-1, and glucose-dependent insulinotropic polypeptide, or GIP, receptors in development for the potential treatment of various metabolic disorders such as obesity. Highlights from the oral presentation include newly reported data demonstrating that 28 days of once-weekly treatment with VK2735 resulted in reductions in subjects' liver fat content and plasma lipid levels, both from baseline and as compared to placebo. Viking is currently conducting the Phase 2 VENTURE trial, a randomized, double-blind, placebo-controlled study to evaluate the safety, tolerability, pharmacokinetics, and weight loss efficacy of VK2735, administered subcutaneously, once weekly, for 13 weeks. The VENTURE trial is evaluating the treatment in adults who are obese, or adults who are overweight with at least one weight-related co-morbid condition. The primary endpoint of the study is the percent change in body weight from baseline to Week 13, with secondary and exploratory endpoints evaluating a range of additional safety and efficacy measures.
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UAL | Hot Stocks16:08 EDT United Airlines sees Q4 y/y capacity growth ~14%-~15% - Sees Q4 y/y CASM-ex ~3.5%-5%.
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YMAB | Hot Stocks16:07 EDT Y-mAbs Therapeutics announces FDA clearance of CD38-SADA IND application - Y-mAbs Therapeutics announced that the FDA has cleared the company's investigational new drug, or IND, application for CD38-SADA, the company's second program within its Self-Assembly DisAssembly Pre-targeted Radioimmunotherapy Theranostic Platform. The Phase 1 trial is a first-in-human, dose-escalation, open-label, single-arm, multi-center trial investigating the safety and tolerability of the CD38-SADA: 177Lu-DOTA Drug Complex in patients with Relapsed or Refractory non-Hodgkin Lymphoma.
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LXRX | Hot Stocks16:06 EDT Lexicon studies show positive financial impact of Inpefa to be presented at AMCP - Lexicon Pharmaceuticals highlighted upcoming presentations of two studies demonstrating positive financial impact of INPEFA( sotagliflozin, at the Academy of Managed Care Pharmacy AMCP Nexus 2023 National Meeting, October 16-19 at the Orlando World Center Marriott, Expo Hall, Cypress 1 and 2, Orlando, Florida. "Economic impact of sotagliflozin among patients with heart failure: Budget impact analysis from US payer perspective"The objective of this study was to quantify the payer budget impact of sotagliflozin following FDA approval in May 2023, and market entry one month later. The budget impact was modeled as the change in medical and pharmacy costs from using sotagliflozin in addition to the standard of care SoC compared with the SoC alone among U.S. patients hospitalized with heart failure HF . Costs included pharmacy, inpatient, emergency department visits, and other medical and adverse event costs. Budget impact was measured separately for commercial payer and all-payer scenarios...The authors concluded that "Health plans adopting sotagliflozin can expect to see an increase in pharmacy costs, but about one-third of this cost was offset by lower medical
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BGNE | Hot Stocks16:03 EDT BeiGene says Phase 3 RATIONALE 305 trial data show improved overall survival - BeiGene announced results from the final analysis of the Phase 3 RATIONALE 305 trial showing tislelizumab plus chemotherapy significantly improved overall survival (OS) in the intent-to-treat (ITT) population as a first-line treatment for patients with advanced gastric or gastroesophageal junction adenocarcinoma (GC/GEJC). No new safety signals were identified. Study results will be featured as a late-breaking oral presentation on October 21 at 5:25 p.m. CEST at the European Society for Medical Oncology (ESMO) Congress 2023 (Abstract #LBA80). "Gastric cancer is a devastating disease that affects millions of people worldwide. Unfortunately, patients with advanced or metastatic conditions have a poor prognosis and urgently need more treatment options in the first-line setting," said Mark Lanasa, M.D., Ph.D., Chief Medical Officer, Solid Tumors at BeiGene. "These data show that tislelizumab plus chemotherapy resulted in significant overall survival improvement compared with chemotherapy alone in the intent-to-treat patient group. These results and positive findings build upon the data presented earlier this year in the high PD-L1 expression group and add to the growing body of evidence demonstrating the potential for tislelizumab to help patients with advanced gastric cancer or gastroesophageal junction cancer." In the final analysis of 997 intent-to-treat patients from the Phase 3 RATIONALE 305 trial, tislelizumab plus chemotherapy (oxaliplatin 130 mg/m2 IV Q3W (day 1) and oral capecitabine 1000 mg/m2 twice daily (days 1-14) Q3W (XELOX), or cisplatin 80 mg/m IV Q3W (day 1) and 5-fluorouracil 800 mg/m2/day IV (days 1-5) Q3W (FP)) showed a median OS of 15.0 months compared with an OS of 12.9 months for chemotherapy alone (HR: 0.80 [95% CI: 0.70, 0.92]; P = 0.0011) in first line advanced GC/GEJC.
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MRTX | Hot Stocks16:02 EDT Mirati Therapeutics reports updated results from the KRYSTAL-7 Phase 2 study - Mirati Therapeutics announced updated results from the KRYSTAL-7 Phase 2 study evaluating adagrasib combined with pembrolizumab in patients for the treatment of first-line NSCLC harboring a KRASG12C mutation at the European Society of Medical Oncology Congress, or ESMO, 2023. These data demonstrate a manageable safety profile and early signs of durability of adagrasib in combination with a checkpoint inhibitor in the first-line NSCLC setting. Summary of clinical results included: In patients with PD-L1 TPS greater than or equal to50%, adagrasib and pembrolizumab demonstrated an overall response rate, or ORR, of 63% and disease control rate, or DCR, of 84% and promising early signs of durability. The 63% confirmed response rate compares favorably to pembrolizumab monotherapy which has demonstrated an ORR of 39-45%. A median progression free survival has not been reached at 10.1 months median follow up. The safety profile of the adagrasib and pembrolizumab combination was consistent with either agent as monotherapy, with a low rate of treatment related adverse events leading to discontinuation of both drugs in only 4% of patients.Treatment related hepatic events occurred in less than10% of patients and were predominantly low grade. No patients discontinued both adagrasib and pembrolizumab due to ALT/AST increase or hepatic-related TRAEs. Mirati plans to initiate a Phase 3 clinical study to evaluate adagrasib in combination with pembrolizumab in the first line setting for KRASG12C-mutated NSCLC with PD-L1 TPS greater than or equal to50%. Initial patient enrollment is expected by year-end 2023.
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BGNE | Hot Stocks16:02 EDT BeiGene says Phase 3 RATIONALE 315 trial met primary endpoints - BeiGene announced that the Phase 3 RATIONALE 315 study met its dual primary endpoints of major pathological response (MPR) by Blinded Independent Pathology Review (BIPR) and event-free survival (EFS) by Blinded Independent Central Review (BICR), demonstrating statistically significant and clinically meaningful improvements in patients with resectable Stage II or IIIA NSCLC treated with tislelizumab in combination with chemotherapy before surgery and as a single agent after surgery versus neoadjuvant chemotherapy plus placebo followed by placebo after surgery. The tislelizumab plus chemotherapy regimen also showed a statistically significant improvement in pathological complete response (pCR), the key secondary endpoint, after neoadjuvant therapy versus chemotherapy. The MPR and pCR data will be featured as a late-breaking mini oral presentation on October 23 at 2:55 p.m. CEST at the European Society for Medical Oncology (ESMO) Congress 2023 (Abstract #LBA58). In the study, 56.2% of NSCLC patients treated with tislelizumab in combination with chemotherapy before surgery achieved MPR, compared to 15.0% of patients treated with chemotherapy alone (difference: 41.1%; 95% CI: 33.2-49.1, pless than0.0001). MPR is defined as less than 10% residual viable tumor after neoadjuvant therapy. Additionally, 40.7% of patients on the tislelizumab-based regimen achieved pCR, defined as no viable residual tumor after neoadjuvant therapy, compared to 5.7% of patients treated with chemotherapy alone (difference: 35.0%; 95% CI: 27.9-42.1, pless than0.0001). Tislelizumab plus chemotherapy was generally well tolerated, with no new safety signals identified.
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BMY | Hot Stocks15:53 EDT Bristol Myers announces three-year follow-up results from CheckMate -816 trial - Bristol Myers Squibb announced three-year follow-up results from exploratory analyses of the Phase 3 CheckMate -816 trial, demonstrating sustained event-free survival, or EFS, and "promising" overall survival, or OS, trends with three cycles of Opdivo in combination with platinum-based chemotherapy for the neoadjuvant treatment of patients with resectable non-small cell lung cancer, or NSCLC, regardless of PD-L1 expression levels. Neoadjuvant Opdivo with chemotherapy also showed improvements in pathologic complete response and major pathologic response over chemotherapy alone in PD-L1 greater than or equal to 1% and less than 1% patient populations. The safety profile of the Opdivo-based regimen was consistent across all PD-L1 subgroups. These results will be featured in a late-breaking oral presentation at the European Society of Medical Oncology, or ESMO, Congress 2023 on October 23, the company noted.
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BMY | Hot Stocks15:52 EDT Bristol Myers says Opdivo combination showed improvements in primary endpoints - Bristol Myers announced the first presentation of results from the Phase 3 CheckMate -901 trial, in which Opdivo in combination with cisplatin-based chemotherapy followed by Opdivo monotherapy demonstrated statistically significant and clinically meaningful improvements in the primary efficacy endpoints of overall survival, or OS, and progression-free survival, or PFS, as assessed by Blinded Independent Central Review, or BICR, compared to standard-of-care cisplatin-based chemotherapy as a first-line treatment for patients with unresectable or metastatic urothelial carcinoma who are cisplatin-eligible. With a median follow-up of approximately 33 months, treatment with Opdivo in combination with cisplatin-based chemotherapy reduced the risk of death by 22%, demonstrating a median OS of 21.7 months vs. 18.9 months with chemotherapy alone. At the 12- and 24-month landmark analyses, patients treated with upfront Opdivo plus chemotherapy experienced OS rates of 70.2% and 46.9%, respectively, compared to 62.7% and 40.7% with chemotherapy. In patients receiving the Opdivo-based combination, the risk of death or disease progression was reduced by 28%, with median PFS at 7.9 months compared to 7.6 months with chemotherapy. The landmark 12- and 24-month PFS rates were 34.2% and 23.5%, compared to 21.8% and 9.6% with chemotherapy. The combination of Opdivo with cisplatin-based chemotherapy had a tolerable safety profile consistent with the known safety profiles of the individual components of the regimen. No new safety concerns have been identified. Additionally, in exploratory analyses, Opdivo with cisplatin-based chemotherapy resulted in an approximately 15% higher objective response rate, or ORR, compared to chemotherapy alone and nearly doubled the number of patients who achieved a complete response. Opdivo in combination with cisplatin-based chemotherapy was associated with longer duration of response than chemotherapy, and median duration of complete response was nearly tripled.
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BMY | Hot Stocks15:25 EDT Bristol Myers reports first disclosure of data from Phase 3 CheckMate-77T trial - Bristol Myers Squibb announced the first disclosure of data from the Phase 3 CheckMate -77T trial evaluating the perioperative regimen of neoadjuvant Opdivo with chemotherapy followed by surgery and adjuvant Opdivo in patients with resectable stage IIA to IIIB non-small cell lung cancer, or NSCLC. In the study, the perioperative regimen showed a statistically significant and clinically meaningful improvement in the primary efficacy endpoint of event-free survival, or EFS, as assessed by Blinded Independent Central Review, compared to neoadjuvant chemotherapy and placebo followed by surgery and adjuvant placebo. With a median follow-up of 25.4 months, in patients treated with neoadjuvant Opdivo and chemotherapy followed by surgery and adjuvant Opdivo, the risk of disease recurrence, progression or death was reduced by 42%. Additionally, neoadjuvant Opdivo and chemotherapy showed improvements in the secondary efficacy endpoints of pathologic complete response and major pathologic response, the company announced. The study is ongoing to assess its other secondary endpoint of overall survival, or OS. Definitive surgery rates were 78% with the Opdivo-based regimen vs. 77% with chemotherapy and placebo, with complete resection achieved in 89% vs. 90% of patients, respectively. The safety profile of the Opdivo-based regimen was consistent with previously reported studies in NSCLC. No new safety signals were identified. The first disclosure of these data will be featured in a Presidential Symposium during the European Society of Medical Oncology, or ESMO, Congress 2023 on October 21, the company noted.
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SCU RITM | Hot Stocks15:08 EDT Founding Partners of Sculptor Capital sue over proposed merger with Rithm - The Founding Partners of Sculptor Capital Management (SCU), which include Daniel Och, Harold Kelly, Richard Lyon, James O'Connor and Zoltan Varga, announced that they filed a complaint against the company, its directors and Rithm Capital Corp (RITM) in the Delaware Court of Chancery. "The lawsuit seeks to stop the defendants from continuing to breach their fiduciary duties to the shareholders in connection with a proposed merger transaction between the company and Rithm," the group stated in a press release. The Founding Partners said: "The Special Committee's actions over the past several weeks remove any doubt that they favor only one result - the preservation of management's jobs and compensation, at the expense of shareholder value. Since the initial announcement of the Rithm transaction at $11.15 per share, the company's stock has been trading well above $12 per share, reflecting stockholders' expectations that the Special Committee would act to maximize value given the higher $13 per share offer from the Consortium. Despite these fundamental facts, the Special Committee has agreed to an amended deal with Rithm at only $12 per share. Worse yet, the Special Committee has imposed a series of extraordinary conditions designed to tilt the playing field against the Consortium or any other bidder and undermine stockholders' ability to vote down the Rithm deal. The Sculptor Board continues to prevent the Consortium from communicating directly with the public stockholders or the company's clients, and from negotiating with the Founders. In contrast, the Special Committee has readily waived Rithm's NDA to permit it to negotiate with the Founders and to purchase 6.5% of the vote from Delaware Life. Working together, the Special Committee and Rithm are pushing forward an inferior deal that protects Sculptor management at the expense of the public stockholders. In light of what we and others believe to be a flagrant breach of fiduciary duty, we have brought this action in an effort to force the company and its directors to maximize shareholder value."
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VRTX | Hot Stocks14:48 EDT Health Canada grants Market Authorizaon for expanded use of Vertex's TRIKAFTA - Vertex Pharmaceuticals announced that Health Canada has granted Market Authorization for the expanded use of PrTRIKAFTA to include children with cystic fibrosis ages 2 to 5 years who have at least one copy of the F508del mutation in the cystic fibrosis transmembrane conductance regulator gene. TRIKAFTA was previously approved by Health Canada for use in people with CF 6 years and older with at least one F508del mutation. "With this approval, approximately 330 Canadian children are for the first time eligible for a medicine that treats the underlying cause of their CF," said Michael Siauw, General Manager at Vertex Pharmaceuticals (Canada) Incorporated. "We are working closely with private and provincial payers to secure coverage as quickly as possible for this expanded indication of TRIKAFTA."
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USB | Hot Stocks14:45 EDT U.S. Bancorp up 10% after notice on Federal Reserve commitments - Shares of U.S. Bancorp are up $3.23, or 10%, to $35.85 in afternoon trading.
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USB | Hot Stocks14:43 EDT U.S. Bancorp: Fed will not require meeting Category II requirements by end 2024 - In a regulatory filing, U.S. Bancorp stated: "As a bank holding company with over $100 billion in total consolidated assets, the Company is subject to the Dodd-Frank Act's enhanced prudential standards, as applied to 'Category III' institutions under the federal banking regulators' rules that tailor how enhanced prudential standards apply to large U.S. banking organizations. In connection with the Company's December 2022 acquisition of MUFG Union Bank, N.A., the Company committed to submit to the Federal Reserve quarterly implementation plans for complying with requirements associated with a 'Category II' banking organization, i.e. institutions with $700 billion or more in total assets or $75 billion or more in cross-jurisdictional activities. The Company also committed to meet requirements applicable to Category II banking organizations by the earlier of (i) the date required under the Tailoring Rules; and (ii) December 31, 2024, if the Federal Reserve notifies the Company by January 1, 2024, that the Company must comply with those requirements. On October 16, 2023, the Federal Reserve provided notification that the Company has been released from both of these commitments. Accordingly, consistent with the standards applicable to other Category III institutions (a) the Federal Reserve will not require the Company to meet Category II requirements by December 31, 2024 (unless otherwise obligated to do so by regulation) and (b) the Company is no longer required to submit quarterly implementation plans for complying with the requirements associated with a Category II banking organization."
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GYRO | Hot Stocks14:41 EDT Gyrodyne trading resumes
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GYRO | Hot Stocks14:31 EDT Gyrodyne trading halted, volatility trading pause
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SWN CHK | Hot Stocks14:12 EDT Southwestern Energy up 7% after Reuters says Chesapeake interested in tie-up
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ELYS | Hot Stocks13:40 EDT Elys Game Technology receives delisting notice from Nasdaq - According to a regulatory filing, on October 13, 2023, Elys Game Technology, Corp. received a letter from the Nasdaq Stock Market formally notifying the company that the Nasdaq Hearings Panel has determined to delist company's common stock from the Nasdaq Capital Market and would suspend trading of company's common stock on the Nasdaq Capital Market, effective at the open of business on October 17, 2023. The Panel made this determination due to the company's failure to achieve certain milestones under its plan of compliance, as presented to the Panel on August 1, 2023. The Delisting Letter provides that the company may request the Nasdaq Listing and Hearing Review Council to review the delisting decision within 15 days from the date of the Delisting Letter. The company is currently carefully evaluating whether such an appeal of Nasdaq's decision is warranted. The company's evaluation will take into account various factors, including the board of directors' assessment of the likelihood of the company regaining and maintaining compliance with Nasdaq listing requirements. Additionally, the evaluation will encompass an analysis of the benefits of continuing to be listed on Nasdaq compared to the substantial costs, including the extensive commitment of management's time and resources for complying with various listing requirements. The company has initiated the process of transferring the quotation of its common stock to one of the over-the-counter markets operated by OTC Markets Group Inc. The shares of the company's common stock are expected to begin trading on October 17, 2023 and under the symbol "ELYS."
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AN PDGNF | Hot Stocks13:18 EDT AutoNation withdraws from Pendragon process - AutoNation (AN) confirmed that it will not be making a formal offer for Pendragon PLC (PDGNF). On September 26, AutoNation confirmed that it had submitted a preliminary, non-binding proposal to acquire the entire issued and to be issued share capital of Pendragon PLC. After further considering the opportunity, AutoNation today confirmed, as required by Rule 2.8 of the U.K. City Code on Takeovers and Mergers, that it does not intend to make an offer for Pendragon. Mike Manley, AutoNation's CEO, stated, "These assets presented AutoNation with a potential opportunity to expand into a new market. However, after further considering the opportunity, we decided not to make a formal offer. AutoNation will continue to leverage M&A, which may include opportunities within and outside the U.S., to expand our business portfolio in a meaningful and synergistic way, and to create value for our shareholders."
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AN PDGNF | Hot Stocks13:11 EDT AutoNation confirms does not intend to make offer for Pendragon - Following Pendragon's (PDGNF) announcement made on September 26 regarding a possible offer to be made for Pendragon by AutoNation (AN), AutoNation confirms that it does not intend to make an offer for Pendragon under Rule 2.7 of the Code, the company stated in an announcement to the London Stock Exchange.
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STLA | Hot Stocks13:05 EDT Stellantis announces cancellation of CES 2024 plans - Stellantis stated: "As the costs of the ongoing UAW strikes against Stellantis continue to mount, the company has decided to cancel its planned display and presentations at CES 2024, the world's largest technology show, scheduled for January 2024 in Las Vegas, Nevada. Being second to none in value creation for all stakeholders - customers, employees and investors - is a key component of the Stellantis Dare Forward 2030 strategic plan. In light of the current status of negotiations in the United States, preserving business fundamentals and therefore protecting the future of the company is a top priority of Stellantis leadership."
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HII | Hot Stocks12:37 EDT HII awarded $244M order to integrate Minotaur products into maritime platforms - HII announced that its Mission Technologies division was awarded a $244M task order to integrate Minotaur software products into maritime platforms for the U.S. Navy, U.S. Marine Corps and U.S. Coast Guard. HII was awarded this contract under the Department of Defense Information Analysis Center's multiple-award contract vehicle. Under the Naval Air Systems Command task order, HII will perform research, development, test and evaluation to facilitate the integration of Minotaur Family of Services products into the services' maritime platforms to meet intelligence, surveillance and reconnaissance warfighting requirements.
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LL | Hot Stocks12:22 EDT LL Flooring falls 1% to $3.56 after cautious Bleecker Street report
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ACIW | Hot Stocks12:16 EDT Connecticut announces 50 state $20M settlement with ACI Worldwide - Connecticut Attorney General William Tong and Department of Banking Commissioner Jorge Perez said they led a coalition of 50 states and territories announcing a $20M settlement with ACI Worldwide over a 2021 testing error that led to the unauthorized withdrawal of $2.3B from Nationstar Mortgage customers. Connecticut will receive $558,740 from the settlement. In addition to the $20 million payment to the states, the multistate settlement requires ACI to use artificially created data rather than real consumer data when testing systems or software, and further requires the company to segregate any testing, development or quality insurance work from its consumer systems.
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WH | Hot Stocks12:08 EDT Wyndham Hotels & Resorts trading resumes
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CHH | Hot Stocks12:00 EDT Choice Hotels falls -5.3% - Choice Hotels is down -5.3%, or -$6.67 to $118.23.
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VMW | Hot Stocks12:00 EDT VMware falls -6.3% - VMware is down -6.3%, or -$11.23 to $167.65.
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DXC | Hot Stocks12:00 EDT DXC Technology falls -7.8% - DXC Technology is down -7.8%, or -$1.73 to $20.52.
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EPAC | Hot Stocks12:00 EDT Enerpac Tool rises 11.1% - Enerpac Tool is up 11.1%, or $2.90 to $28.89.
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VFC | Hot Stocks12:00 EDT VF Corp. rises 14.1% - VF Corp. is up 14.1%, or $2.29 to $18.48.
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AKA | Hot Stocks12:00 EDT a.k.a. Brands rises 14.3% - a.k.a. Brands is up 14.3%, or $1.00 to $7.98.
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WH CHH | Hot Stocks11:58 EDT Wyndham rejects 'underwhelming, highly conditional' proposal from Choice Hotels - Wyndham Hotels & Resorts (WH) announced that its board of directors "unanimously rejected a highly conditional, unsolicited stock-and-cash proposal" by Choice Hotels International (CHH) to acquire all outstanding shares of Wyndham. Wyndham's board of directors, together with its financial and legal advisors, closely reviewed Choice's latest proposal with a nominal value of $90 per share, comprised of 45% in stock and 55% in cash and "determined that it is not in the best interest of shareholders to accept the proposal," the company announced. "Wyndham's Board believes that during the long period between announcement and closing or termination of the transaction, Wyndham shareholders would be exposed to the threat of significant long-term deterioration of Wyndham's brand equity, franchisee churn, and impaired integration execution at the combined company in which Wyndham shareholders would have significant interest. In addition, the significant amount of debt required to fund the cash portion of the deal would result in the combined company's net leverage being over 6x adjusted EBITDA. This above-market leverage would increase execution risk and restrict the balance sheet flexibility of the combined company, putting downward pressure on future growth potential, share price and valuation multiples. As a result, the value creation from cost synergies may not be fully realized," the company said. "Choice's offer is underwhelming, highly conditional, and subject to significant business, regulatory and execution risk. Choice has been unwilling or unable to address our concerns. While our Board would support a value-maximizing transaction, given the substantial, unmitigated embedded risks and value destruction potential presented by the proposed transaction, our Board determined it is not in the best interests of Wyndham shareholders. We have engaged with Choice and its advisors on multiple occasions to explore these risks. However, it became clear the proposed transaction likely would take more than a year to even determine if, and on what terms, it could clear antitrust review, and Choice was unable to address these long-term risks to Wyndham's business and shareholders. We are disappointed that Choice's description of our engagement disingenuously suggests that we were in alignment on core terms and omits to describe the true reasons we have consistently questioned the merits of this combination - Choice's inability and unwillingness to address our significant concerns about regulatory and execution risk and our deep concerns about the value of their stock," added Stephen Holmes, Chairman of the Wyndham board of directors.
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NVDA... | Hot Stocks11:48 EDT Nvidia, chip peers slide after U.S. strengthens restrictions on advanced semis - Shares of Nvidia (NVDA) and several other semiconductor makers are sliding after the U.S. Department of Commerce's Bureau of Industry and Security, or BIS, released a package of rules designed to update export controls on advanced computing semiconductors and semiconductor manufacturing equipment, as well as items that support supercomputing applications and end-uses, to arms embargoed countries, including the PRC, and to place additional related entities in the PRC on the Entity List. "Today's rules reinforce the October 7, 2022, controls to restrict the PRC's ability to both purchase and manufacture certain high-end chips critical for military advantage. These updates are necessary to maintain the effectiveness of these controls, close loopholes, and ensure they remain durable," the BIS stated. "Today's updated rules will increase effectiveness of our controls and further shut off pathways to evade our restrictions. These controls maintain our clear focus on military applications and confront the threats to our national security posed by the PRC Government's military-civil fusion strategy. As we implement these restrictions, we will keep working to protect our national security by restricting access to critical technologies, vigilantly enforcing our rules, while minimizing any unintended impact on trade flows," added Secretary of Commerce Gina Raimondo. Other publicly traded companies in the chip making and equipment space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Qualcomm (QCOM), Texas Instruments (TXN), ASML (ASML), Applied Materials (AMAT), Lam Research (LRCX) and KLA Corp. (KLAC). Reference Link
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LMT | Hot Stocks11:28 EDT Lockheed Martin sees low-single digits sales growth in 2024 - Says three of four business areas delivered growth in Q3. Says free cash flow was 'strong'. Says returned 99% of free cash flow to shareholders. Says international interest remained strong in F-16 program. Says F-16 program will be key contributor to growth over coming years.
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RAD RADCQ | Hot Stocks11:13 EDT Rite Aid announces court approval of 'First Day' motions - Rite Aid (RADCQ) announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its "First Day" motions related to the company's voluntary Chapter 11 petitions filed on October 15. The Court granted interim approval to access up to $3.45B in debtor-in-possession financing from certain of its lenders. This financing is expected to provide sufficient liquidity to support the company throughout this process. Among other things, the Court has authorized the company to continue to pay associate wages, salaries and benefits without interruption, pay vendors and suppliers in full for goods and services provided on or after the filing date of October 15 and otherwise continue to deliver leading healthcare products and services across its retail and online platforms. "As previously announced, Rite Aid reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the company's debt, increase its financial flexibility and enable it to execute on key initiatives. Additionally, as previously announced, Rite Aid has also entered into an agreement with MedImpact Healthcare Systems, an independent pharmacy benefit solutions company, pursuant to which MedImpact will acquire Rite Aids' Elixir Solutions business. Under the terms of the agreement, MedImpact will serve as the "stalking horse bidder" in a court-supervised sale process under section 363 of the U.S. Bankruptcy Code. Accordingly, the proposed transaction is subject to higher and better offers, court approval and other customary conditions. Elixir Solutions is operating normally and continuing to serve clients, plan sponsors, members and customers as usual. Elixir Insurance is not included in Rite Aid's Chapter 11 process or the proposed transaction with MedImpact, and it is continuing to operate and serve members as usual," the company stated.
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FWRD | Hot Stocks11:11 EDT Ancora pushing Forward Air to scrap planned Omni deal - Ancora Holdings has built a large stake in Forward Air and is opposing the company's recently announced $3.2B acquisition of Omni Logistics. In a presentation, Ancora said that it "intends to review all options available for holding the Board and management accountable, including calling a Special Meeting of Shareholders. The goal of a Special Meeting will be to replace members of the Board, including CEO Tom Schmitt. Ancora is assembling a world-class slate of director candidates, including a highly qualified CEO candidate. This Special Meeting process will play out over the next five months. Even absent successful litigation, a Special Meeting could unseat the Board before shareholders approve preferred conversion." Further, Ancora said it "believes Forward Air's shares can trade north of $100 over the next six months as shareholders vote down deal and then vote to replace the Board and management team at a Special Meeting. Over the intermediate-term, with a revamped Board and c-suite, we believe Forward Air's value creation opportunity is $140-$145 per share." Reference Link
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CDNS ARM | Hot Stocks11:09 EDT Cadence Design joins Arm Total Design - Cadence Design Systems (CDNS) announced it has joined Arm (ARM) Total Design, aimed at "supporting and accelerating the development of highly differentiated custom SoCs based on Arm Neoverse Compute Subsystems." Cadence said: "As part of this collaboration, Arm and Cadence customers can accelerate their SoC design process through access to Cadence's full-flow system-level design verification and implementation solutions. Neoverse CSS delivers world-class performance for the latest Arm CPUs and system IP on leading-edge technology. Cadence joining Arm Total Design will help mutual customers create differentiated products on a verified, customizable subsystem while reducing development costs, minimizing risk, and shortening the time-to-market for designs."
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LMT | Hot Stocks11:08 EDT Lockheed Martin says backlog remains at 'historically high levels' - Says world is now seeing another "terrible conflict". Says has continued commitment to return capital to shareholders. Says will provide 2024 outlook at FY23 earnings call in January. Says optimistic there will be consistent support for National Defense Strategy. Says expects to deliver 97 F-35 aircraft this year. Comments taken from Q3 earnings conference call.
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SNPS ARM | Hot Stocks11:07 EDT Synopsys announces expanded collaboration with Arm - Synopsys (SNPS) announced it has expanded its collaboration with Arm (ARM) to provide optimized IP and EDA solutions for the newest Arm technology, including the Arm Neoverse V2 platform and Arm Neoverse Compute Subsystem. "Synopsys has joined Arm Total Design where Synopsys will leverage their deep design expertise, the Synopsys.ai full-stack AI-driven EDA suite, and Synopsys Interface, Security, and Silicon Lifecycle Management IP to help mutual customers speed development of their Arm-based CSS solutions. The expanded partnership builds on three decades of collaboration to enable mutual customers to quickly develop specialized silicon at lower cost, with less risk and faster time to market," the company announced.
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HCCI | Hot Stocks10:56 EDT J.F. Lehman & Company completes acquisition of Heritage-Crystal Clean - Heritage-Crystal Clean announced that an investment affiliate of J.F. Lehman & Company, JFLCO, a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, completed its acquisition of Crystal Clean for $45.50 per share in an all-cash transaction that valued Crystal Clean at approximately $1.2 billion. With the completion of the transaction, Crystal Clean's common stock has ceased trading and is no longer listed on the NASDAQ Global Select Market.
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VFC | Hot Stocks10:54 EDT Engaged Capital sees potential to triple VF Corp. share price in under 3 years - Engaged Capital, which identifies itself as an investment firm specializing in enhancing the value of small and mid-cap North American companies and "a top shareholder" of V.F. Corporation, the owner of The North Face and Vans brands, issued a presentation highlighting what it calls "the actionable and significant opportunities for long-term value creation" at the company. Engaged outlines actions it sees having the "potential to triple VF Corp.'s share price in less than three years" and expresses a desire to "work with company leadership" to refresh the board and "drive sustained value." The firm shared a presentation delivered at the 13D Monitor Active-Passive Investor Summit related to its V.F. Corporation plan. Reference Link
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ASML | Hot Stocks10:49 EDT ASML says U.S. imposed additional restrictions on advanced chip exports - ASML said in a statement, "Today, the US authorities published the updated version of the advanced computing and semiconductor manufacturing equipment rule, imposing additional restrictions on export of advanced chip manufacturing technology. These regulations will become effective after a period of 30 days. Given the length and complexity of the regulations, ASML will need to carefully assess any potential implications. However, as to our business, from the information we received, it is our understanding that the new regulations will be applicable to a limited number of fabs in China related to advanced semiconductor manufacturing. These export control measures will likely have an impact on the regional split of our systems sales in the medium to long term. However, we do not expect these measures to have a material impact on our financial outlook for 2023 and for our longer-term scenarios for 2025 and 2030, as communicated during our Investor Day in November 2022. ASML will seek further clarification from the US authorities on the scope of these new regulations. ASML is fully committed to comply with all applicable laws and regulations including export control legislation in the countries in which we operate."
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WH | Hot Stocks10:37 EDT Wyndham Hotels & Resorts trading halted, news pending
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AKYA | Hot Stocks10:34 EDT Akoya Biosciences announces publication on ultrahigh-plex spatial phenotyping - Akoya Biosciences announced that researchers from Akoya Biosciences and The University of Queensland's Frazer Institute have comprehensively mapped the spatial proteome of head and neck squamous cell carcinoma using ultrahigh-plex spatial phenotyping. Spatial phenotyping consists of whole-slide imaging of tissue sections at single-cell resolution to visualize and quantitate biomarker expression and reveal how cells interact and organize across the entire tissue landscape. The study, published in GEN Biotechnology in an article titled "Mapping the Spatial Proteome of Head and Neck Tumors: Key Immune Mediators and Metabolic Determinants in the Tumor Microenvironment" identified a high degree of intra- and inter-tumoral heterogeneity intrinsic to head and neck cancers and advances the understanding of the mechanistic basis of variable clinical responses. The study analyzed head and neck cancer tissues from a patient with varying responses to immune checkpoint inhibitor therapy. The analysis was conducted using a panel of 100+ biomarkers to measure key cancer hallmarks of tumor and immune biology with Akoya's PhenoCycler-Fusion system. The PhenoCycler-Fusion is the fastest spatial biology solution available which enables rapid imaging of whole slides at single-cell resolution. A pivotal discovery in the study highlighted the divergent enrichment of functionally specialized immune cell subsets, as well as distinct metabolic and stress signatures organized within specific spatial domains in the tumor. This overarching observation in the paper underscored the existence of heterogeneous niches and competitive microenvironments, potentially serving as defining factors for clinical response and resistance
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PUYI | Hot Stocks10:11 EDT Puyi subsidiary announces strategic cooperation agreement with Ping An Bank - Puyi Fund, a subsidiary of Puyi Inc., and Ping An Bank Co., recently announced that they have formally entered into a strategic cooperation. "Under the strategic cooperation framework, Ping An Bank and PUYI Fund will establish a long-term cooperative relationship. In order to safeguard the common interests and promote the common development of both parties, they will actively commit themselves to constructive business co-operation in the field of finance, give full play to their respective industrial strengths, integrate the resources of both parties, pool their synergies, realize bi-directional empowerment, and work hand in hand to push forward the high-quality synergistic development. According to the strategic cooperation agreement, both parties will engage in business collaboration while adhering to the respective business regulations. The collaboration encompasses various financial services such as wealth management, account system services, fund investment and research services, personal pension investment accounts, personal finance planning and bank financing services. Furthermore, both parties will foster profound cooperation and innovation in customer management, product management, channel management and data management in order to deliver cutting-edge financial products and services," Puyi stated in a press release.
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AJG | Hot Stocks10:06 EDT Arthur J. Gallagher acquires Clements Worldwide, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide. Terms of the transaction were not disclosed. Clements is an international insurance broker providing products and services for expats, diplomats and military personnel as well as commercial solutions for nonprofits, contractors, embassies and schools. In addition to its Washington office, Clements operates out of London, Dublin, Gibraltar and Dubai. Jon Clements and his team will remain in their current locations under the direction of Bumpy Triche, head of Gallagher's Mid-South retail property/casualty brokerage operations.
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CAE | Hot Stocks10:05 EDT CAE launches Master Technician Program for business aircraft maintenance - CAE announced at the NBAA Business Aviation Conference and Exhibition the launch of its Master Technician Program for organizations and individuals who seek to attain the highest standards of technical excellence and professionalism in business aircraft maintenance. The new program builds on CAE's previous Master Technician program by offering technicians the flexibility to enhance their skills and competencies along two distinct tracks: Specialist and People Leader. The new Master Technician Program addresses the need for independent certification of technical and leadership skills as the industry faces unprecedented demand for aircraft maintenance technicians. CAE's 2023 Aviation Talent Forecast predicts a need for 402,000 new maintenance technicians industrywide over the next 10 years - 74,000 in business aviation.
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TXT | Hot Stocks10:04 EDT Textron delivers 100th Beechcraft King Air 360 turboprop - Textron Aviation announced the delivery of the 100th Beechcraft King Air 360 turboprop to Comprehensive Blood and Cancer Center, a longtime Textron Aviation customer.
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WMT | Hot Stocks10:02 EDT Walmart opens fulfillment center near Dallas - Walmart associates were joined by local elected officials and community members to celebrate the grand opening of a new 1.5 million square-foot fulfillment center 15 miles south of Dallas, located at 2500 Belt Line Road in Lancaster. This next generation facility will enable the retailer to fulfill more orders, more quickly. The Lancaster fulfillment center is the third of four next generation facilities announced last year. A fifth facility was recently announced that will open in 2026. These next generation facilities bring the powerful combination of people, technology and machine learning together to achieve faster shipping and delivery, while increasing Walmart.com order fulfillment capacity. The Lancaster fulfillment center will be home to more than 1,000 Walmart associates. The retailer is currently hiring for a variety of positions, including tech-focused jobs. Each job brings with it a pathway for opportunity at Walmart.
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ZION DFS | Hot Stocks10:01 EDT Zions Bancorp names Margaret Mayer as Chief Technology Officer - As Zions (ZION) continues its technology transformation, the company has hired Margaret Mayer as chief technology officer. In her new role beginning Oct. 17, Mayer will manage all information technology functions for the organization, including application engineering, technology operations, technology strategy, data engineering, and technology infrastructure. Mayer joins Zions Bancorporation after three years with Discover Financial Services (DFS), most recently as vice president and CTO for the Consumer Banking Technology teams, guiding digital transformation strategy.
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USD | Hot Stocks10:00 EDT VeriSign Inc falls -7.4% - VeriSign Inc is down -7.4%, or -$3.05 to $38.22.
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SOXL | Hot Stocks10:00 EDT Direxion Daily Semiconductor Bull 3X Shares falls -7.6% - Direxion Daily Semiconductor Bull 3X Shares is down -7.6%, or -$1.51 to $18.30.
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VMW | Hot Stocks10:00 EDT VMware falls -7.9% - VMware is down -7.9%, or -$14.16 to $164.72.
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AKA | Hot Stocks10:00 EDT a.k.a. Brands rises 7.3% - a.k.a. Brands is up 7.3%, or 51c to $7.49.
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VFC | Hot Stocks10:00 EDT VF Corp. rises 8.8% - VF Corp. is up 8.8%, or $1.42 to $17.61.
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WH | Hot Stocks10:00 EDT Wyndham Hotels & Resorts rises 11.3% - Wyndham Hotels & Resorts is up 11.3%, or $7.78 to $76.88.
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GS | Hot Stocks09:59 EDT Goldman Sachs: Impact of tightening to be more evident in 2-4 quarters
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JNJ | Hot Stocks09:53 EDT Johnson & Johnson expects flat procedures in MedTech in 2024 - Sees pressure in bariatric off GLP1s near term.
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TPST | Hot Stocks09:50 EDT Tempest Therpeutics trading resumes
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GS | Hot Stocks09:48 EDT Goldman Sachs sees moderating share repurchases in Q4 vs. Q3
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USD | Hot Stocks09:47 EDT VeriSign Inc falls -6.1% - VeriSign Inc is down -6.1%, or -$2.53 to $38.74.
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SOXL | Hot Stocks09:47 EDT Direxion Daily Semiconductor Bull 3X Shares falls -7.1% - Direxion Daily Semiconductor Bull 3X Shares is down -7.1%, or -$1.41 to $18.40.
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VMW | Hot Stocks09:47 EDT VMware falls -10.9% - VMware is down -10.9%, or -$19.41 to $159.47.
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CIR | Hot Stocks09:47 EDT Circor rises 5.1% - Circor is up 5.1%, or $2.73 to $55.98.
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SOXS | Hot Stocks09:47 EDT Direxion Daily Semiconductor Bear 3X Shares rises 6.9% - Direxion Daily Semiconductor Bear 3X Shares is up 6.9%, or 72c to $11.20.
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WH | Hot Stocks09:47 EDT Wyndham Hotels & Resorts rises 12.0% - Wyndham Hotels & Resorts is up 12.0%, or $8.32 to $77.42.
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GS | Hot Stocks09:45 EDT Goldman got $15B of capital call facilities from Signature, says CFO Coleman
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TPST | Hot Stocks09:44 EDT Tempest Therpeutics trading halted, volatility trading pause
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VFC | Hot Stocks09:43 EDT VF Corp. jumps 8% to $17.57 after WSJ report of activist stake
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VZ | Hot Stocks09:41 EDT Verizon to hire 1,800 additional technicians to support broadband expansion - To support its broadband expansion across the East Coast, Verizon is in the process of hiring 1,800 additional technicians. The roles will primarily focus on building, maintaining and installing Fios home internet. Hiring is going on in New York, New Jersey, Massachusetts, Rhode Island, Washington DC, Virginia, Pennsylvania, Maryland, and Delaware. Many of the positions will be based in areas where Verizon has committed to expanding internet service in rural and underserved communities with funding provided in part by the American Rescue Plan. The roles will be represented by the Communications Workers of America or International Brotherhood of Electrical Workers. All 1,800 roles are expected to be filled by July 2026.
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JNJ | Hot Stocks09:40 EDT Johnson & Johnson says 'confident' in product pipeline for 2024/2025 - Says "very pleased" with performance of MedTech business. Expects to file for regulatory approval for lung cancer therapy in 2025. Says immunology portfolio remains "key driver of growth."
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GS | Hot Stocks09:40 EDT Goldman Sachs supports 'sensible' regulation, says CEO - Says proposed rules "go way too far."
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GS | Hot Stocks09:39 EDT Goldman CEO: Proposed capital rules would negatively impact competitive standing - If proposed capital rules are implemented, more activity will move to shadow banks, says CEO David Solomon.
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GS | Hot Stocks09:38 EDT Goldman Sachs sees escalation of geopolitical stresses around the globe
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GS | Hot Stocks09:36 EDT Goldman Sachs CEO: U.S. economy more resilient than expected
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GS | Hot Stocks09:35 EDT Goldman Sachs CEO: IPO market has started to reopen - Comments taken from Q3 earnings conference call.
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AIRS | Hot Stocks09:31 EDT AirSculpt Technologies partners with singer Joey Fatone - AirSculpt is partnering with singer, dancer, actor, and TV personality Joey Fatone to share his AirSculpt experience. Over the coming weeks, follow along at @airsculpt and Joey's Instagram @realjoeyfatone to see his experience and final results that were achieved with AirSculpt.
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MBOT | Hot Stocks09:29 EDT Microbot Medical reports outcomes from preclinical study of LIBERTY system - Microbot Medical announces the initial outcomes of using the LIBERTY Robotic Surgical System in its pivotal pre-clinical study. The pivotal study was conducted by three leading interventional radiologists that utilized the LIBERTY Robotic Surgical System to reach a total of 48 animal targets. A total of 6 LIBERTY Systems were used in the study, each was used to reach a total of 8 targets. All 6 LIBERTY Systems performed flawlessly, with 100% usability and technical success. No acute adverse events or complications were visually observed intra-operative. The company expects to receive the comprehensive final report later this quarter. Subject to the final report, and the completion of the verification and validation process, the Company plans on submitting the Investigational Device Exemption application to the FDA, in order to commence its pivotal clinical trial in humans.
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VRTV | Hot Stocks09:29 EDT Veritiv stockholders approve acquisition by Clayton, Dubilier & Rice - Veritiv stockholders voted in favor of all proposals, including a proposal to approve the company's pending acquisition by an affiliate of Clayton, Dubilier & Rice. Closing of the transaction is subject to customary closing conditions including the receipt of required regulatory approval and is expected to take place in Q4.
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HUM | Hot Stocks09:27 EDT Humana, USAA Life Insurance announce expansion of co-branded Medicare plan - Humana and USAA Life Insurance announced the expansion of their co-branded Medicare Advantage plans designed with veterans in mind to provide coverage options that complement health care benefits received through Veterans Affairs, or VA.
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CDIO | Hot Stocks09:26 EDT Cardio Diagnostics Aimil team on detection and management of CHD in India - Cardio Diagnostics Holdings announced a significant move to transform global cardiovascular health, by entering into a Supply and Distribution Agreement with one of India's premier organizations, Aimil. Aimil, a company involved in the instrumentation industry in India since 1932 with 14 sales and services offices across India, is a leader in introducing innovative, best-in-class technologies from around the world to their extensive healthcare network throughout India. ...This strategic venture between Cardio Diagnostics and Aimil seeks to address the growing prevalence of heart disease in India through the introduction of Cardio Diagnostics' clinical test, Precision CHD, for the detection and personalized management of coronary heart disease or CHD.
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EPOW | Hot Stocks09:26 EDT Sunrise New Energy announces delivery of over 3,000 tons to Narada Power - Sunrise New Energy has delivered over 3,000 tons of products to Narada Power from January to September 2023. Sunrise has become a strategic supplier for Narada Power since April 2022, following a rigorous selection process. In 2022, we supplied 1,200 tons of products, and we anticipate reaching an annual supply of 5,000 tons in 2023 and a remarkable 8,000 tons in 2024. Becoming a strategic supplier for Narada Power has brought predictable and sustained revenue growth for the Company.
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MOND | Hot Stocks09:20 EDT Mondee expands share repurchase program to up to $40M - Mondee announced the increase of its existing Preferred Equity Financing by up to $15M. Consequently, the Company's Board of Directors has authorized a $10 million expansion of the Company's on-going share repurchase program, bringing the total size of the common stock repurchase program authorized by the Board of Directors to up to $40M. All other terms of the repurchase program remain unchanged. The Company has completed an amendment to its existing Preferred Equity Financing including issuing additional preferred shares for an amount of up to $15 million, $10 million of which has already been funded. The Preferred Equity continues to accumulate preferred dividend with no requirement on the part of the Company to make any cash payments pursuant to the instrument unless the investors exercise its put option in 2026. Mondee's Chairman, CEO and Founder, Prasad Gundumogula, commented, "We are excited to further strengthen our balance sheet with additional liquidity and increase our share repurchase program, signaling our strong financial position and continued confidence in our business strategy. This expansion reflects our commitment to creating value for our shareholders while maintaining financial flexibility." As of now, the Company has repurchased less than $5 million of common stock originally authorized for repurchase under the program.
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SST | Hot Stocks09:20 EDT System1 announces strategic deal with green search engine Ecosia - System1 announced that it has entered into a strategic partnership to power search results for Ecosia The new deal with Ecosia highlights System1's reputation as a trusted source of syndicated search solutions for leading search engines...Teams from System1 and Ecosia have worked in close collaboration on an implementation plan that aligns with the green search engine's commitment to a quality search experience, which ultimately benefits tree-planting projects around the world and other green initiatives.
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AIHS | Hot Stocks09:17 EDT Senmiao Technology signs agreement with Xingyuan for auto supply chain financing - Senmiao Technology's operating subsidiary Hunan Xixingtianxia Technology has signed a strategic cooperation agreement with Sichuan Xingyuan Ronghe New Energy. Xingyuan provides automobile supply chain financing to major online ride-hailing platforms in China and invests, builds and operates new energy battery swap stations. With more than 10,000 new energy vehicles in operation for online ride-hailing services in 12 cities in China, including Hangzhou, Shenzhen and Guangzhou, Xingyuan operates the fifth-largest number of owned NEVs for online ride-hailing enterprises nationwide. Xingyuan will provide comprehensive financing solutions for Senmiao and its channel and merchandise partners. Senmiao will introduce Xingyuan to its online ride-hailing services partners. In addition, Xingyuan will provide Senmiao with resources such as discounted NEV purchasing channels and new energy battery swapping vehicle operations.
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ZTEK | Hot Stocks09:16 EDT Zentek completes return on investment analysis for Candian Healthcare system - Zentek announces completion of a study on the potential savings for the Canadian healthcare system from adopting ZenGUARD"-enhanced air filters. This analysis builds on the previously disclosed study announced on September 11, 2023, highlighting the potential return on investment from reduced absenteeism costs associated with the enhanced viral filtration from using the Company's ZenGUARD" technology. Key Findings: Using publicly available third-party data and predictive risk assessment modelling incorporating respiratory infectious disease probabilities, the Company estimates that using a ZenGUARD"-enhanced MERV 9 filter instead of a regular MERV 9 filter may save the Canadian healthcare system approximately $13,752 for each 10,000 square foot workspace with 75 occupants. This is in addition to the previously announced absenteeism and productivity losses experienced for an office space of this size and occupancy. "Poor indoor air quality and the risk of transmission remain a significant challenge for the health, wellness, and productivity of people around the world. While the economic costs to businesses related to absenteeism are substantial, the impact doesn't end there," commented Greg Fenton, CEO of Zentek. In certain instances - especially for people with other medically complex conditions or those that are immunocompromised - medical attention or hospitalizations may be necessary. Increased frequency of visits to medical clinics and emergency rooms, along with potential hospitalizations and use of intensive care units, comes with significant financial cost and increased burden on our healthcare workers. This is a large-scale problem requiring several solutions. Our goal is to help address this problem with a product that is incredibly simple to incorporate and does not require additional equipment or energy consumption."
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JNJ | Hot Stocks09:14 EDT Johnson & Johnson says continues to pursue four-pronged talc litigation strategy - Expects to continue to "vigorously defend" against talc claims.
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SCND | Hot Stocks09:14 EDT Scientific Industries launches expansion of DOTS Platform - Scientific Industries announced the launch of the expansion of its DOTS Platform with the new MPS reader and DO Sensor Pills. Building on the success of last year's launch of the DOTS Software as the first product within the DOTS Platform, DOTS now offers an expanded suite of sensors for shake flask bioprocessing, turning the humble shake flask into a smart mini bioreactor. The MPS together with the DO Sensor Pills, represent a revolutionary new type of chemosensor technology for bioprocessing. The MPS, which is the core of the DOTS Platform, is positioned underneath the shake flask, from where it enables the simultaneous monitoring of multiple critical parameters like biomass or fluorescence. The patented DO Sensor Pills, which are much easier to use than standard probes or sensor spots, are proprietary single-use chemosensors designed to be easily dropped into the culture, where they circulate and interact with the media. The MPS reads out the DO signal, allowing for online dissolved oxygen monitoring in real-time.
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HRYU | Hot Stocks09:12 EDT Hanryu Holdings partners with Asia Model Festival for engagement events - Hanryu announced that the main event of Asia Model Festival, with their participation as the main sponsor, is scheduled to take place from late October through November 2023 that will grow brand reach and recognition of FANTOO, as well as expand user base to Fandom of Asia Model. The promotional events that Hanryu is supporting with Asia Model Festival include: Model Camp; Asia Open Collection; FACE of ASIA; Asia Model Awards. Kang Chang Hyuk, the CEO of Hanryu Holdings, stated, 'Building on our strong relationship with the Asia Model Festival, Hanryu is a major sponsor of the event, and believes it is a great opportunity for Asian cultures to come together to celebrate their backgrounds, including k-culture. The festival has already brought meaningful activities at FANTOO by the power of Fandom of Asia Model, and provides an opportunity for the FANTOO brand to be front and center on a global stage and allows consumers to better get to know our leadership position in k-culture. We are delighted to be a part of this event and look forward to seeing the FANTOO brand and Fandom of Asia Model widely featured'.
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SUMXF | Hot Stocks09:12 EDT Supremex to close Saint-Hyacinthe facility - Supremex announces optimization initiatives aimed at improving operational efficiency and achieving synergies within its Packaging and Specialty Products segment. These initiatives are expected to result in annual cost savings of approximately $1.5 million once all measures are implemented. First, the Company is closing its Saint-Hyacinthe facility, acquired as part of the Impression Paragraph Inc. transaction completed earlier this year. Production of packaging products carried out in Saint-Hyacinthe will be transferred to existing packaging facilities in the Montreal area. The facility employs 28 workers, some of which could be relocated within the Company's existing operations. In connexion with this announcement, Supremex will record a non-recurring restructuring charge of approximately $2.8 million before taxes in its fourth-quarter financial results. Supremex also announces the departure of Simon Provencher, President of the Packaging segment. Following his departure, the Company revamped its Packaging management structure under which three general managers will be responsible, respectively, for folding carton, e-commerce, and the commercial printing activities. They will report directly to the President and Chief Executive Officer.
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MNTS | Hot Stocks09:12 EDT Momentus signs contract with SatRev for 2024 orbital delivery, no terms - Momentus has signed a contract with SatRev for transportation and orbital delivery services in 2024. SatRev is a Polish company established in 2016 that specializes in building small, lightweight nanosatellites. The company has contracted to fly its SOWA-1 payload with Momentus in the first quarter of next year. "Earth observation data informs and empowers, and SatRev is making great strides in that part of the industry," said Momentus Chief Commercial Officer Chris Kinman. "Momentus' transportation services are efficient and economical, and we're always glad to help our customers find the best path to their orbital destination." 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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NFTG | Hot Stocks09:11 EDT NFT Gaming announces addition of 2 new games for 2023 - The NFT Gaming Company announced that it expects to launch at least two additional games to its commercial platform during Fourth Quarter 2023. "We are extremely excited about our upcoming game releases. After having successfully launched our first two games, Space Striker AI and Brawl Bots, we continue to develop new content in genres that gamers love," said Vadim Mats, Chief Executive Officer of NFTG. "As always, our games include AI features that gamers can use to make their games more their own as well as optional NFTs. Our goal has always been to bridge the gap between traditional and Web 3.0 gaming. As we prepare to become leaders in this new paradigm of gaming, we look forward to continuing driving value for our shareholders."
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MAT PARA | Hot Stocks09:10 EDT Mattel announces collaboration with Paramount on new toy line - Mattel (MAT) announced the collaboration between its brand, Masters of the Universe and the iconic franchise, Paramount's (PARA) Teenage Mutant Ninja Turtles, to unveil The Masters of the Universe Origins Turtles of Grayskull toy line. Combining the power of Eternia with the sewer-dwelling heroes of New York, The Masters of the Universe Origins Turtles of Grayskull toy line represents an overlap of two worlds to celebrate the 40th anniversary of Teenage Mutant Ninja Turtles in 2024.
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ACN GOOG | Hot Stocks09:10 EDT Accenture and Google Public Sector launch Cybersecurity Center of Excellence - Accenture Federal Services (ACN) and Google Public Sector (GOOG) announced the launch of a new Cybersecurity Center of Excellence to help U.S. federal agencies rapidly detect and respond to increasingly sophisticated cyber attacks. The Cybersecurity Center of Excellence will be powered by the front line threat intelligence of Mandiant, and Accenture Federal Services' full spectrum cybersecurity services..."The combination of Mandiant threat intelligence and Google Cloud's AI-powered security tools can help federal agencies stay ahead of sophisticated cyber attacks and protect their most sensitive data," said Karen Dahut, CEO of Google Public Sector.
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CVOSF | Hot Stocks09:10 EDT Coveo Solutions announces 15 enhancements to Coveo Platform - Coveo announced more than 15 new enhancements to the Coveo platform. These innovative enhancements strengthen the Coveo composable AI Search and Generative experience platform to improve digital experiences across commerce, service, website and workplace to deliver superior business outcomes for enterprises.
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GEVO BP | Hot Stocks09:10 EDT Gevo announces appointment of Amorelli to board of directors - Gevo (GEVO) announces that Angelo Amorelli, PhD, has been appointed to its Board of Directors. Dr. Amorelli retired recently from bp (BP), where he held leadership, development, and innovation roles for 35 years. The addition of Angelo Amorelli to the Gevo Board of Directors is effective as of October 15, 2023.
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AVGO | Hot Stocks09:09 EDT Broadcom announces availability of Qumran3D - Broadcom announced the immediate availability of Qumran3D, the next generation of the StrataDNX family of single chip routers. A leading-edge single chip, Qumran3D offers 25.6 Terabits per second of routing in a fixed form factor, with Ethernet port rates from 100 Gb/s to 800 Gb/s. A routing solution based on a single Qumran3D will save up to 66% more energy and up to 80% more rack space compared to previous generations. "Qumran3D will accelerate the transition to merchant silicon routers," said Ram Velaga, senior vice president and general manager, Core Switching Group, Broadcom. "With its unique combination of unyielding performance, power efficiency and security, Qumran3D is the ideal solution for the next generation of fixed, standalone routers. It will revolutionize the way that operators build and manage their networks."
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TOTZF | Hot Stocks09:08 EDT Total Energy files notice with TSX for NCIB - Total Energy Services has filed a Notice with the Toronto Stock Exchange to undertake a normal course issuer bid that will expire on October 18, 2024. Total Energy has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of common shares will be effected through the facilities of the TSX and one or more of the Canadian alternative trading systems and all Shares purchased will be cancelled by the Company. As of today, there are 39,975,000 Shares issued and outstanding. In connection with the normal course issuer bid, which will commence on October 19, 2023, Total Energy may purchase up to 1,998,750 Shares, being 5% of the total number of outstanding Shares, during the period from October 19, 2023 to October 18, 2024, subject to a maximum daily purchase limit of 9,253 Shares based on an average daily trading volume for the last six calendar months of 37,014 Shares. On October 17, 2022, Total Energy announced its intention to undertake a normal course issuer bid, which remained in effect during the 12-month period ending on October 18, 2023. Under that normal course issuer bid Total Energy purchased a total of 2,090,089 Shares at an average price of $8.50 per Share. Capital stewardship remains a core value at Total Energy. Since its inception, Total Energy has returned approximately $290 million to its owners through dividends, distributions and share buybacks, including $5.89 per share in dividends and distributions. In the context of current market conditions, Total Energy believes that the repurchase of Shares is an attractive investment opportunity that will benefit the remaining shareholders of Total Energy by increasing their proportionate equity investment in the Company.
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CCLD | Hot Stocks09:07 EDT CareCloud announces major credentialing partnership with large U.S. corporation - CareCloud announced a major credentialing partnership with a large, publicly-traded U.S. corporation that stands as a frontrunner in the healthcare technology sector. CareCloud initiated its partnership with the Company in late 2022 when the Company engaged in a substantial multi-million dollar agreement to leverage CareCloud Force, a workforce extension solution designed to bolster healthcare capabilities. As part of this evolving collaboration, CareCloud will now extend its credentialing services to the Company, thereby expanding the reach of CareCloud's credentialing services to a vast customer base encompassing tens of thousands within the Company's network. Karl Johnson, president of CareCloud Force, stated, "The Company, specializing in revenue cycle management services, found itself struggling with the challenge of client credentialing. CareCloud's comprehensive credentialing can help tie things together for this Company, streamlining the process, reducing errors, and ensuring timely enrollment.
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APPS | Hot Stocks09:07 EDT Digital Turbine expands partnership with Xiaomi for app recommendations - Digital Turbine announced the expansion of its partnership with the International Internet Business Department of Xiaomi, bringing new app recommendations to Xiaomi mobile users. Users purchasing new Xiaomi devices in most markets in EMEA, LATAM, APAC and MENA will enjoy app and mobile games recommendations.
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RVSN | Hot Stocks09:05 EDT Rail Vision receives $500,000 order from leading LATAM mining company - Rail Vision received a $500,000 purchase order for a single MainLine system and related services from a leading Latin American, LATAM, mining company. This MainLine system is expected to be delivered to the new customer during the fourth quarter of 2023. "We have now expanded our global footprint into the massive LATAM market with this purchase order from a leading multinational mining company," said Shahar Hania, CEO of Rail Vision. "This is the second major mining company to use Rail Vision's innovative AI-enabled obstacle detection solutions, strengthening our foothold in an attractive market segment. We are confident that our MainLine system will bring significant value to this customer by enhancing their safety and operational efficiency."
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LPLA | Hot Stocks09:05 EDT LPL Financial supports launch of Steeplechase Capital Partners - LPL Financial announced that financial advisors Trevor Johnson and Brian Russo have joined LPL Financial to launch a new independent practice, Steeplechase Capital Partners. They chose to affiliate with LPL's supported independence model, LPL Strategic Wealth Services, and reported having served approximately $265 million in advisory, brokerage and retirement plan assets. They join LPL from RBC. Based in Newtown Square, Pa., and Windham, NH, Johnson and Russo are longtime colleagues who started in the same training class prior to growing their individual practices. In 2011, they recognized the value in coming together as a firm, with each advisor bringing different strengths to the team. They are joined by Senior Investment Administrative Associate Kim Brennan.
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SYRA | Hot Stocks09:04 EDT Syra Health awarded two-year contract extension with Indiana Outcomes Workgroup - Syra Health announced a two-year contract extension, worth up to $636K, with the Indiana Division of Mental Health and Addiction and Family and Social Services Administration - FSSA - to chair and manage the State of Indiana's Epidemiological Outcomes Workgroup, or SEOW. Through the contract extension, Syra Health will continue to collect and analyze substance use and misuse data throughout Indiana. Syra Health then develops data-driven reports and recommendations to inform and improve Indiana's long-term substance misuse prevention policy.
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WAVD | Hot Stocks09:03 EDT WaveDancer announces 1-for-10 reverse stock split - WaveDancer announced a reverse stock split of its common stock of one post-split share for every ten pre-split shares. The Company expects that the common stock will begin trading on a split-adjusted basis at the open of trading on Wednesday, October 18, 2023, under the new CUSIP number 456696202. The Reverse Split is an effort to regain compliance with Nasdaq's listing rules. The Company obtained shareholder approval for the Reverse Split at its annual meeting of shareholders on October 11, 2023. The Company's board of directors then approved the Reverse Split ratio of 1 for 10. The principal purpose of the Reverse Split is to decrease the total number of shares of common stock outstanding and proportionately increase the market price of the common stock in order to meet the continued listing requirements of the Nasdaq Capital Market. The Company's common stock will continue to trade under the symbol "WAVD."
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SNCY | Hot Stocks09:03 EDT Sun Country Airlines to expand international service to two Canadian cities - Sun Country Airlines will launch new nonstop service to YUL Montreal-Trudeau International Airport and Toronto Pearson International Airport in June of 2024. Sun Country has also extended its schedule for customers to book travel through Sept. 10, 2024. In addition to Montreal and Toronto, the schedule extension includes eight new domestic, seasonal nonstop routes from Minneapolis-St. Paul International Airport to: Albuquerque International Sunport, New Mexico; Billings Logan International Airport, Montana; Boise Airport, Idaho; Dulles International Airport, Virginia/Washington, D.C.; Gerald R. Ford International Airport, Grand Rapids, Michigan; Missoula Montana Airport, Montana; Oakland International Airport, California;Syracuse Hancock International Airport, New York. Service to the new destinations will generally be twice weekly with service to Dulles four times a week. With these new destinations, Sun Country will offer nonstop service from MSP to 98 distinct markets in 2024.
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NOK | Hot Stocks09:02 EDT Nokia enters partnership with ZCorum - Nokia announced that it has partnered with ZCorum. The partnership empowers small and medium-sized cable operators to easily deploy Nokia's industry-leading PON solutions in their access networks. This allows them to quickly address growing bandwidth demands, introduce new services, and respond to competitive pressures. Using Zcorum's fully hosted, cloud-based OSS, which is now integrated with Nokia's fiber access solution, local and regional cable operators can significantly accelerate their roll outs of Nokia GPON, XGS-PON and 25G PON networks by eliminating the need for time-consuming integration and on-boarding. ZCorum will entirely manage the solution, which incorporates Nokia's Altiplano Access Controller, letting operators focus on other critical aspects of their business.
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LCID | Hot Stocks09:02 EDT Lucid Group reports vehicle production of 1,550 in Q3 - Lucid Group reported production and delivery totals for Q3. Lucid produced 1,550 vehicles during Q3, plus over 700 additional vehicles in transit to Saudi Arabia for final assembly. The company delivered 1,457 vehicles during the same period.
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BAC | Hot Stocks09:01 EDT Bank of America sees NII up low single digits next year vs. Q4 - Sees NII troughing in Q4, growing in mid-2024.
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JNJ | Hot Stocks08:59 EDT Johnson & Johnson says continues to make progress on new product launches - Says continues to invest in R&D at "competitive levels." Says well positioned to grow business and innovate across healthcare. Says Kenvue separation accomplished within target date and budget. Says IRA drug price settings are damaging to innovation. Expects to exit certain product lines in orthopedics over next few years. Says capital allocation priorities "remain unchanged." Says "positive momentum" heading into 2024. Comments taken from Q3 earnings conference call.
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BAC | Hot Stocks08:59 EDT Bank of America sees Q4 NII roughly $14B
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OSIS | Hot Stocks08:59 EDT OSI Systems receives $24M in orders from U.S. government customer - OSI Systems announced that its Security division has received orders valued at approximately $24M in aggregate from a U.S. government customer. As part of these awards, Rapiscan will provide our latest cargo and vehicle inspection systems, including installation, training, and support. Additionally, the Company will provide ongoing maintenance service and support on our existing non-intrusive inspection solutions in the field.
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BAC | Hot Stocks08:58 EDT Bank of America sees FY23 NII up 9% vs. last year
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BAC | Hot Stocks08:58 EDT Bank of America sees Q4 NII roughly $14.4B
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BNMV | Hot Stocks08:56 EDT BitNile Metaverse regains compliance with Nasdaq - BitNile Metaverse announced that it has regained compliance with the Nasdaq Voting Rights Rule.
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MIGI | Hot Stocks08:51 EDT Mawson Infrastructure reports 89 self-mined bitcoin in September - Rahul Mewawalla, CEO and President, commented, "We are pleased that the total number of Bitcoin self-mined in Q3 grew significantly by approximately 35% sequentially to 246 BTC, up from 182 BTC last quarter. The ongoing successful implementation of our new operating excellence model combined with our overall business and technology optimization efforts have enhanced our operating metrics and continues to uplift our self-mining business performance. Moreover, Mawson's self-mining business expanded in September increasing by 7% M/M growing to approximately 16,730 miners online and hashing, and the number of self-mined Bitcoin in September also increased month-on-month to 89 BTC."
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OLK | Hot Stocks08:50 EDT Olink Holding AB trading resumes
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AIM | Hot Stocks08:46 EDT AIM ImmunoTech engages Azenova for Ampligen pipeline programs - AIM ImmunoTech entered into an agreement with Azenova to support efforts to partner AIM's pipeline programs with a particular focus on the company's lead asset, Ampligen, for the treatment of various malignant solid tumors. Azenova has been engaged to assist AIM with its BD efforts with the goal of entering into a partnership, out-license or other transaction whereby a biopharmaceutical company takes on the further development and commercialization of Ampligen with the goal of maximizing value to AIM. This process may not result in any transaction and the company does not intend to disclose additional details unless and until it has entered into a definitive agreement.
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INOD | Hot Stocks08:45 EDT Innodata reiterates 2023 revenue, Adjusted EBITDA growth guidance - Innodata will be participating all day in non-deal road show meetings with prospective investors organized by Alliance Global Partners. Innodata will be reiterating guidance provided on August 10, 2023 in its second quarter earnings release that it expects revenue and Adjusted EBITDA growth to accelerate in the ensuing quarters, both sequentially and year-over-year, beginning in Q3, as the wins that it discussed in that release start ramping up.
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HCA | Hot Stocks08:45 EDT HCA Healthcare and Grail team on multi-cancer early detection screening - HCA Healthcare Sarah Cannon Cancer Institute, part of HCA Healthcare, and GRAIL , a healthcare company with a mission of detecting cancer early when it can be cured announced a strategic collaboration to advance comprehensive cancer care through early detection. Starting today, GRAIL's Galleri multi-cancer early detection MCED test will be available to patients who meet screening criteria at select HCA Healthcare physician practices..."HCA Healthcare and Sarah Cannon are aligned with GRAIL's mission to improve the detection of cancer at earlier stages, when the chances of successful treatment are higher," said Jeffrey Venstrom, MD, chief medical officer at GRAIL. "In addition to HCA Healthcare offering the Galleri test, the use of Sarah Cannon Cancer Institute's nurse navigation program to support both patients and healthcare providers around MCED screening is the first of its kind. This program will provide critical insights about cancer detection and appropriate diagnostic follow-up."
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BAC | Hot Stocks08:45 EDT Bank of America sees expenses of $15.6B in Q4
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UPXI... | Hot Stocks08:44 EDT Upexi's Tytan Tiles launches Frozen product on Amazon - Upexi announced the Company's children's toy brand, Tytan Tiles, has launched its first licensed product under the agreement previously announced with The Walt Disney Company. The Disney Frozen Castle has been launched exclusively on Amazon.
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CSBR | Hot Stocks08:43 EDT Champions Oncology appoints Brady Davis as president - Champions Oncology has appointed Brady Davis as President to continue to develop new strategic initiatives to drive accelerated growth. Davis has advanced commercial, product/market development, marketing, and bioinformatics teams in both established and developing companies. Mr. Davis will be collaborating with the executive team including the commercial and scientific teams to explore strategies to accelerate growth, both organically and in-organically.
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BAC | Hot Stocks08:42 EDT BofA managing expenses without large-scale layoffs, says CEO
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SBET | Hot Stocks08:42 EDT SharpLink Gaming launches SharpLinkHQ.com - SharpLink Gaming announced the official launch of SharpLinkHQ.com, the definitive online source for premium sports betting news and information, free to play games, betting tools, live odds, offers and educational insights for U.S. sports fans.
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FMST | Hot Stocks08:42 EDT Foremost Lithium finalizes acquisition of Little Granite Gold/Silver Mine - Foremost Lithium Resource & Technology announced that it has made the third and final cash payment in the amount of $25,000USD to acquire a 100% interest in and to the Little Granite Gold/Silver Mine claims within the Winston Group of Properties as previously announced on December 14, 2022. Under the amended terms of this acquisition, Foremost successfully negotiated a reduction in the final cash payment required to exercise its option to acquire the Property from $380,000USD to $75,000USD which had been satisfied through the issuance a non-interest-bearing promissory note to the arm's length Property Vendor. The Note was due and payable by October 15, 2023 and, following the amendments, the Company has now acquired the Property for aggregate consideration of $186,000USD versus aggregate consideration of $434,000USD under the original terms of the acquisition.
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GRI | Hot Stocks08:40 EDT GRI Bio enters collaboration with UK consortia - GRI Bio announced it has entered into a collaboration with the UK consortia, National Institute for Health and Care Research Respiratory Translational Research Collaboration to advance its leading NKT regulation technology to treat inflammatory, fibrotic and autoimmune diseases. "As a Company, we are dedicated to revolutionizing the way that inflammatory, fibrotic and autoimmune diseases like IPF are treated. The establishment of this collaboration represents another important step forward as we work to advance our clinical development programs. The NIHR Respiratory TRC offers cutting-edge translational research that we believe will assist in executing clinical studies underpinned by excellent scientific rigor. The expertise of the team, as well as the additional data examining the role of NKT cells in IPF from UK patients will be a valuable asset as we continue to advance GRI-0621," commented Marc Hertz, PhD, Chief Executive Officer of GRI Bio. "
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NRSN | Hot Stocks08:40 EDT NeuroSense provides Q3 update - NeuroSense provided an update from its CEO, Alon Ben-Noon, on the company's clinical and operational developments during and immediately following Q3. The company's amyotrophic lateral sclerosis - ALS - Phase 2b PARADIGM trial of PrimeC is expected to report clinical topline results in Q4, and a Phase 2 Alzheimer's disease study is expected to enroll the first patient in the next several weeks. PrimeC was shown to significantly increase survival rate of induced motor neurons in an in vitro study utilizing induced pluripotent stem cells - iPSCs - generated from people living with ALS. In another independent study, PrimeC performed among the best in improving motor neuron survival when compared to several other ALS drugs in development and two ALS FDA approved drugs. NueroSense received Small and Medium-Sized Enterprise status from the EMA & opened office in Germany. SME status offers regulatory guidance and engagement in dialogue with EMA. The company is fully funded into Q2 2024 beyond clinical Phase 2b ALS results expected Q4 2023.
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IPG | Hot Stocks08:40 EDT Interpublic Group unveils Real ID in the Cloud - Interpublic Group unveiled Real ID in the Cloud, an identity resolution application built by Acxiom and designed to seamlessly integrate with a brand's secure cloud ecosystem to power growth in a cookie-less world. Real ID enables marketers to recognize the real people behind the scattered data points, swiftly creating accurate, holistic customer views that tap into Acxiom's best-in-class data assets. Real ID accelerates growth for brands by enhancing a marketer's existing first-party data, without the cost, complexity, and risk of moving personally identifiable information.
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BAC | Hot Stocks08:40 EDT Bank of America: Headcount down 7,000 FTEs from peak in January
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BAC | Hot Stocks08:39 EDT Bank of America CEO: Operating leverage to be 'tough' for a few quarters
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ABVC | Hot Stocks08:39 EDT ABVC BioPharma announces update for ADHD Phase IIb study - ABVC BioPharma announced an update on the Company's eight-week long ADHD Phase IIb clinical study taking place at the University of California San Francisco, UCSF, Medical Center and five Taiwanese medical centers. Sixty-nine subjects enrolled in the study, 50 completed the study, and 11 are currently undergoing treatment. The study entitled "A Phase IIb Study of PDC-1421 Capsule to Evaluate the Safety and Efficacy in Patients with Adult Attention-Deficit/Hyperactivity Disorder" is a randomized, double-blind, placebo-controlled study involving a total of approximately 100 patients in the United States and Taiwan. The Phase IIb clinical study continues the Phase IIa clinical study of ABV-1505. "We received a favorable response from the subjects participating in our ADHD Phase IIb study at all of our sites," said ABVC BioPharma Chief Executive Officer Uttam Patil, Ph. D. "To reach an interim analysis, the study requires 69 patients' data. Our clinical trials continue to demonstrate that medicine derived from plants can have significant therapeutic benefits, often with few - if any - side effects. We expect to report similar results in our interim analysis report."
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ASNS | Hot Stocks08:38 EDT Actelis Networks receives first order to supply European natural gas operator - Actelis Networks announced that it has received a first order to supply a major European natural gas transmission system operator with its hybrid fiber-copper networking solution as part of a new tender win. This new win demonstrates Actelis' continued growth within critical IoT networks around the world. The Actelis solution will enable and extend instant, fiber-grade connectivity over the client's existing network infrastructure to maximize the speed, quality and reach of data transmission even to the most remote locations, for improved operations, safety, and security. "Within energy industry networks, our solution is perfect because it is able to operate over long distances and in extreme climates, providing our customers a rapidly deployable, reliable network they can trust," said Tuvia Barlev, Chairman and CEO of Actelis. "Customers can be up and running with the solution in a matter of hours, getting fiber-grade connectivity using the wiring that is already in their networks."
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DRIO SNY | Hot Stocks08:37 EDT DarioHealth's Dario shows reduction of diabetes patient hospital readmissions - DarioHealth (DRIO) announced new research presented by Sanofi (SNY) at the Academy of Managed Care Pharmacy's 2023 annual conference Nexus ("AMCP-Nexus"), demonstrating a 36% reduction in 30-day hospital readmissions for Dario users compared to non-users living with type 2 diabetes. The research examined real-world claims data to determine whether users engaged with Dario's solution demonstrated less costly utilization of hospital-related utilization and found clinically meaningful impacts: 36% reduction in 30-day hospital readmission rate; and 1.6 fewer days in the hospital. The research is part of an ongoing study initiative conducted jointly by Dario and Sanofi U.S., and complements previously published studies presented at ISPOR demonstrating Dario's ability to reduce all-cause healthcare utilization by 9% and inpatient hospitalizations by 23%. Two additional analyses presented at AMCP Nexus by Sanofi U.S. examined clinical improvements in the same exact and propensity-score matched populations of Dario users and non-Dario users living with Type 2 diabetes.
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BAC | Hot Stocks08:36 EDT Bank of America CEO: Customer spending holding at 4% growth in October
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AIR | Hot Stocks08:36 EDT AAR Corp. has signed a multi-year contract extension with MTU Maintenance - AAR has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines. This fourth extension marks the continuation of an AAR-MTU contract that originally began in 2009. Under the agreement, AAR supplies used serviceable material for the PW2000 engine program at MTU's facility in Hannover, Germany. This partnership significantly streamlines logistical processes and creates cost efficiencies for MTU Maintenance's customers. "AAR is thrilled to continue supporting valued customer MTU on the PW2000 engines," said Christine Bognar, AAR's PW2000 Product Director. "The AAR-MTU relationship is a successful partnership providing mutual benefit, and we look forward to collaborating on the next chapter."
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NNDM | Hot Stocks08:35 EDT Nano Dimension appoints Michael Garrett to board of directors - Nano Dimension announced that 4-Star General Michael X. Garrett has been appointed as a member of its Board of Directors, effective as of October 15th, 2023. General Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command, the largest command in the U.S. Army, from March 2019 until his retirement in July 2022
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BAC | Hot Stocks08:35 EDT Bank of America sees customer spending slowing down, says CEO Moynihan - Comments taken from Q3 earnings conference call.
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INSE | Hot Stocks08:35 EDT Inspired Entertainment appoints Freeman as Chief Commercial Officer of Virtuals - Inspired Entertainment has named Ian Freeman as its new Chief Commercial Officer of Virtuals effective November 16, 2023. His responsibilities will include the innovation, delivery, and growth of Inspired's Virtual Sports products. Most recently, Freeman served as Chief Revenue Officer for FSBTech, a leading sports and iGaming platform provider. Freeman succeeds Steve Rogers, who after 25 years with Inspired has decided to pursue other opportunities.
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LUNA | Hot Stocks08:35 EDT Luna Innovations names George Gomez-Quintero as CFO - Luna Innovations announced that George Gomez-Quintero is joining the company as Chief Financial Officer CFO today. Mr. Gomez-Quintero will succeed current CFO Gene Nestro, who has agreed to assist the company through mid-2024 to ensure a smooth transition. Mr. Gomez-Quintero will lead Luna's Finance organization and represent Luna in communications with investors, lenders and rating agencies. As a member of the company's executive team, he will report to President and CEO Scott A. Graeff. Prior to Intelsat, Gomez-Quintero was the Chief Operating Officer at JSI, a leader in broadband solutions and consulting. He previously held senior financial roles at XFL, Time Warner Cable and Cleartel Communications. He holds an M.B.A. from Cornell University and a B.B.A., Finance, from Iona College.
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DDD | Hot Stocks08:35 EDT 3D Systems announces patient-specific 3D-printed cranial implant - 3D Systems announced a patient-specific 3D-printed cranial implant produced using its point-of-care technologies was successfully used in a cranioplasty at the University Hospital Basel. Under the leadership of Prof. Florian Thieringer, head of the Medical Additive Manufacturing Research Group at the University Hospital Basel's Department of Biomedical Engineering, and the Department of Oral and Maxillofacial Surgery, in collaboration with Prof. Raphael Guzman and the Department of Neurosurgery, the team employed 3D Systems' technologies to produce the first cranial implant at the point of care that complies with the current Medical Devices Regulations. 3D Systems' extrusion printing technology is unique as its architecture and design are easy to use to produce durable, biocompatible implants using Polyetheretherketone (PEEK) material. Additionally, the technology enables the production of patient-specific geometries at the hospital itself providing tremendous benefits to both surgeons and patients. The implant created by the team at University Hospital Basel was used to successfully replace a section of disintegrating skull in a 46-year-old male who was experiencing complications from a stroke in 2019. When the patient first entered Prof. Guzman's care, he was experiencing visual disturbances, severe headaches, and dizziness, and his forehead was sinking due to a disintegrating skullcap. The University Hospital Basel team under the guidance of Dr. Neha Sharma, Ph.D. first took a computed tomography scan of the patient's skull and imported that into software to create a model of the implant customized to his unique anatomy. The implant was then produced in the Hospital's 3D printing lab using VESTAKEEP i4 3DF PEEK by Evonik on 3D Systems' EXT 220 MED extrusion platform. PEEK is a very desirable material for such applications due to its mechanical properties. 3D Systems' printing technology has been uniquely engineered to enable healthcare applications within sterile environments. 3D Systems' point-of-care solution was also successfully used by a team at Salzburg University Hospital, Department of Oromaxillofacial Surgery, to produce a patient-specific cranial implant for a 55-year-old male, Mr. Rainer Trummer, who suffered from craniosynostosis. These technologies were brought together by the hospital's in-house clinicians to successfully address the patient's needs, providing a customized solution that best positioned the team for success. The hospital used Oqton's D2P(R) software to create 3D models from the patient's CT images and Oqton's Geomagic Freeform to complete the design of the patient-specific occipital prosthesis. The cranial implant was printed using VESTAKEEP i4 3DF PEEK by Evonik on 3D Systems' EXT 220 MED extrusion platform. The solution has also been successfully deployed at the Department of Neurosurgery, University Hospital Salzburg, for patient-specific implants after decompressive craniectomy, which is regularly performed for aggressive brain swelling.
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AIP | Hot Stocks08:34 EDT Arteris IP enters partnership with Fraunhofer IESE - Arteris and Fraunhofer IESE announced they have partnered to enable interoperability between Arteris' FlexNoC and Ncore network-on-chip, NoC, development environment and Fraunhofer IESE's DRAM subsystem design space exploration framework. The interoperability will improve performance, reduce cost and accelerate the schedule of advanced DRAM-centric NoC development for mutual customers.
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BMEA | Hot Stocks08:32 EDT Biomea Fusion announces first patient dosed in COVALENT-103 trial - Biomea Fusion announced that the first patient has been dosed in COVALENT-103, the company's Phase I trial of BMF-500, an investigational covalent FLT3 inhibitor developed using the proprietary FUSION System, in adult patients with relapsed or refractory acute leukemia. "Today, we have taken another important step to bring novel covalent drug candidates into the clinic by exploring the potential of BMF-500, an investigational covalent FLT3 inhibitor, in treating adult patients with relapsed or refractory acute leukemia. BMF-500 is designed to be a potent molecule and is the second covalent inhibitor we have developed in-house, demonstrating the potential of the FUSIONTM platform and our team in bringing novel assets to the clinic. Beyond single agent studies of BMF-500 we are planning combination studies with various approved therapies and therapy candidates, including BMF-219, to explore the potential of this powerful dual-mechanistic approach to provide deeper and more durable treatment responses," said Thomas Butler, Biomea's CEO and Chairman of the Board.
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IMAX | Hot Stocks08:32 EDT Imax and GSC expand partnership with six Imax locations in Malaysia - Imax and Golden Screen Cinemas, or GSC, announced an expansion of their partnership with an agreement for six Imax with Laser systems in Malaysia. The agreement will see five new locations, including one in the heart of Kuala Lumpur and one upgrade to the Southkey Megamall, Johor Bahru. Under the new agreement, Imax has now completed deals in 2023 for 13 new and upgraded systems across Malaysia - more than any international market worldwide. This deal will bring the total number of Imax locations with GSC to nine, all of which will now feature Imax with Laser systems by 2027.
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ERJ | Hot Stocks08:32 EDT Czech Republic selects Embraer C-390 Millennium for military transport - The Ministry of Defense and Armed Forces of the Czech Republic announced the start of negotiations on potential acquisition of the new-generation multi-mission Embraer C-390 Millennium, a military transport aircraft. The decision to start negotiating towards possible purchase the C-390 was based on a market assessment and analysis prepared by Czech Republic's Ministry of Defense, which identified the C-390 as the most suitable solution for meeting the requirements of the Army of the Czech Republic. Czech Republic intends to acquire two aircraft that will significantly increase its airlift capacity, allowing the Czech Army to perform missions such as air transport, air assault operations, aerial resupply, medical evacuation, humanitarian aid, air-to-air refueling and firefighting with these aircraft. Furthermore, the C-390 Millennium requires significant less maintenance than other aircraft, which translates into higher availability and lower life-cycle costs.
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ZIMV | Hot Stocks08:32 EDT ZimVie launches Azure Multi-Platform Product Solutions - ZimVie announced the recent launch of Azure Multi-Platform Product Solutions, a comprehensive selection of restorative components to effectively cater to the dental laboratory market. These new offerings are currently available in the United States and select markets in Europe, with future geographic expansion planned. This first launch in the Azure Multi-Platform Product Solutions category consists of 13 dental laboratory-focused prosthetic and restorative solutions designed to integrate into digital workflows. Dental laboratories now have the flexibility to select the right solution for every case, all without sacrificing the quality customers expect, the profitability laboratories demand, and the customer support they deserve. This broadens ZimVie's presence in patient-specific restorative dentistry, creating a holistic product portfolio that meets dental laboratories' needs, as a one-stop shop, for nearly everything related to tooth replacement.
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KA MRK | Hot Stocks08:32 EDT Kineta announces first patient dosed in Phase 1/2 VISTA-101 trial of KVA12123 - Kineta (KA) announced that the first patient has been dosed in Part B of its Phase 1/2 VISTA-101 clinical trial that will evaluate the safety and tolerability of the company's VISTA blocking immunotherapy, KVA12123, in combination with Merck's (MRK) anti-PD-1 therapy KEYTRUDA in patients with advanced solid tumors. "Dosing the first patient in the combination arm with KEYTRUDA and KVA12123 is a significant milestone for Kineta, and we are very pleased with the progress of our differentiated VISTA blocking immunotherapy," said Shawn Iadonato, Ph.D., Chief Executive Officer of Kineta. "We anticipate that the results from the combination arm will further build on the already encouraging initial safety, tolerability, and pharmacokinetic profile of KVA12123 observed in the monotherapy arm. We look forward to reporting initial clinical data for the combination treatment next year." The Phase 1/2 clinical study is designed to evaluate the safety, tolerability, pharmacokinetics, immunogenicity, and tumor response of KVA12123 alone and in combination with pembrolizumab in patients with advanced solid tumors. The study will be conducted in 4 parts.
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DGLY CLOE | Hot Stocks08:24 EDT Digital Ally appoints Daughtery to board of directors - Digital Ally (DGLY) announced that the Board of Directors of the Company appointed D. Duke Daughtery as a member of the Board, effective immediately, to hold office until the next meeting of shareholders of the Company at which directors are being elected or as set forth in the Company's bylaws. Daughtery will immediately serve on the Board, with the intention to move to Kustom Entertainment's Board of Directors upon the completion of the recently announced transaction with Clover Leaf Capital Corp. (CLOE) .
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LQR | Hot Stocks08:23 EDT LQR House forms strategic alliance with Bevage - LQR House announced its strategic alliance with Bevage. Bevage is the latest cutting-edge consumer product from well known entrepreneur/inventor Dean Levin. Through this partnership, LQR House will spearhead website development and create a dynamic marketing strategy. Leveraging its connection with CWSpirits.com and an influential network of over 550 alcohol industry influencers, this collaboration will drive Bevage's e-commerce and direct-to-consumer presence. Additionally, LQR House has enlisted XMedia to lead the development of the e-commerce platform and its associated SEO and paid strategies.
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TMO OLK | Hot Stocks08:22 EDT Thermo Fisher to acquire Olink for $26.00 per share in cash, sees accretion - Thermo Fisher (TMO) and Olink (OLK) announced that their respective boards of directors have approved Thermo Fisher's proposal to acquire Olink for $26.00 per common share in cash, representing $26.00 per American Depositary Share, or ADS, in cash. This represents a premium of approximately 74% to the closing price of Olink's American Depositary Shares that trade on Nasdaq on October 16, the last trading day prior to the announcement of the transaction. Thermo Fisher will commence a tender offer to acquire all of the outstanding Olink common shares and all of the American Depositary Shares. The transaction values Olink at approximately $3.1B which includes net cash of approximately $143M. Headquartered in Sweden, Olink has operations in the Americas, Europe and Asia Pacific. The transaction, which is expected to be completed by mid-2024, is subject to customary closing conditions, including receipt of applicable regulatory approvals, and completion of the tender offer. As part of the transaction, Summa Equity AB, Olink's largest shareholder and additional Olink shareholders and management, in aggregate holding more than 63% of Olink's common shares, have entered into support agreements agreeing to tender into the tender offer. Thermo Fisher expects to fund the acquisition using cash on hand and debt financing. Upon completion, Olink will become part of Thermo Fisher's Life Sciences Solutions segment. Olink is on track to deliver over $200M of revenue in 2024 and, as part of Thermo Fisher, is expected to grow mid-teens organically. In the first full year of ownership, the transaction is expected to be dilutive to adjusted EPS by 17c. Excluding financing costs and non-cash deal related equity compensation costs, the transaction is expected to be accretive by 10c in that period. Thermo Fisher expects to realize approximately $125M of adjusted operating income1 from revenue and cost synergies by year five following close. The expected strong long-term business growth and synergy realization profile make the financial returns on the transaction very compelling.
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BLNK | Hot Stocks08:22 EDT Blink Charging chosen as official EV charging provider for City of Miami Beach - Blink Charging announced it has secured a contract as an official EV charging provider for the City of Miami Beach. The agreement sets the stage for Blink Charging and the City of Miami Beach to electrify city fleets and provide charging solutions for employees, residents, and visitors. As part of the seven-year agreement, Blink will offer the City its advanced Series 7 and Series 8 chargers. These Level 2 EV chargers are multi-vehicle, ENERGY STAR certified and ADA-compliant charging stations with the option to be installed in both wall-mounted and pedestal-mounted configurations, making them an ideal solution for the City. "The City of Miami Beach and Blink are focused on leading the electrification of transportation together," said Brendan Jones, President and CEO of Blink Charging. "As we set our sights on providing holistic, targeted charging options for EV drivers throughout Miami and the world, we'll continue to lay the groundwork for an electric revolution. It's very rewarding to have a direct role in reducing emissions and improving convenience in Miami Beach. We are grateful for the City's trust and our shared vision."
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MLEC | Hot Stocks08:21 EDT Moolec Science announces $30M capital raise - Moolec Science entered into agreements to issue a convertible note due 2026 to Grupo Insud in a principal amount of approximately $21 million with a strike price of $6.00 per share. The Insud Convertible Note will be issued against a cash payment of $10 million and in-kind contributions to be made by Insud to Moolec. In-kind contributions include credits to access Insud's state-of-the-art industrial capabilities, operational services, and the incorporation of Joint Venture participation, started with Moolec in 2021. At maturity, Moolec will hold the option to deliver ordinary shares, cash, or a combination of cash and ordinary shares.
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MEDS | Hot Stocks08:20 EDT Trxade Health reconfirms commitment to pharmaceutical marketplace - TRxADE HEALTH reconfirms its commitment to pharmaceutical marketplace via its subsidiary Trxade, and is pleased to clarify its commitment to the pharmaceutical industry. Trxade, a subsidiary of Trxade Health, will continue to focus on the pharmaceutical space. The company said, "In recent weeks, there may have been some confusion regarding the Company's strategic direction in the pharmaceutical space. We are pleased to clarify that this confusion was the result of a misunderstanding, and the Company's commitment to the pharmaceutical industry remains as strong as ever. The Company maintains its sole focus on the pharmaceutical sector, providing innovative solutions to address the evolving needs of this industry. The Company, under the leadership of its experienced and visionary team, continues to develop and deliver cutting-edge technologies, services, and solutions to empower pharmaceutical professionals, pharmacists, and healthcare stakeholders. The Company's dedication to advancing pharmaceutical care, increasing transparency, and improving accessibility to medications remains at the core of its mission. In light of the ongoing changes and challenges in the pharmaceutical industry, the Company remains committed to its mission of driving innovation, fostering partnerships, and contributing to the growth and success of its customers and partners."
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BHC | Hot Stocks08:20 EDT Bausch Health announces results from analysis of adjudicated claims data - Bausch Health Companies announced findings from a retrospective database analysis of adjudicated claims data that examined the impact of access barriers for commercially-insured adults prescribed Xifaxan for reduction in risk of overt hepatic encephalopathy recurrence in adults. Results suggest potentially critical treatment gaps due to access barriers, which may result in increased rates of OHE-related hospitalizations. Findings from the analysis, "Assessment of Access Barriers to Rifaximin Among Patients with Overt Hepatic Encephalopathy Using Adjudicated Claims Data," were presented today at the AMCP Nexus 2023 meeting. Treatment gaps were assessed across a 12-month period that began at the first observed attempt to access rifaximin, which is defined as a paid, reversed or rejected prescription claim. Across the study period, patients had 8.8 average attempts to access rifaximin with an average 6.4 claims paid, 1.5 rejected and 0.9 reversed Nearly all patients experienced a treatment gap of at least one day, with an average of 2.9 gaps per patient leading to a total duration of 157.4 days without exposure to rifaximin. Treatment-initiated delays in receiving rifaximin were experienced by 34.8% of patients with more than three-quarters of initiation delays experienced due to rejected claims with the most common rejection reported as Prior Authorization Required. Following initial paid claim, active treatment gaps were experienced by nearly three-quarters of patients with an average gap duration of 22.9 days. The retrospective database analysis used the IQVIA PharMetrics Plus database linked with Longitudinal Access and Adjudicated Data and identified 1,711 commercially insured adults with OHE who had at least one paid rifaximin prescription fill and 12-month continuous eligibility.
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SOPA | Hot Stocks08:18 EDT Society Pass' Thoughtful Media launches MediaGram - Thoughtful Media Group announces a launch of first ever MediaGram, entitled "Sit Up", in partnership with Indonesian superstar actor and producer, Chicco Jerihko, to develop an online fitness centric community promoting health focused lifestyle in Indonesia. TMG expects new revenue models with fitness clubs and clothing retailers to emerge as result of this partnership. "MediaGram" is an Instagram page used as a media platform to build communities in collaboration with individuals and/or companies. TMG Group aims to launch 3 MediaGram partnerships per quarter for the rest of 2023 and in 2024 across SEA to continuously develop innovative advertising channels promoting brands and services.
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NXTC | Hot Stocks08:18 EDT NextCure announces presentation of preclinical data on NC605 - NextCure announced the presentation of new preclinical data demonstrating that treatment with NC605, a novel anti-Siglec-15 antibody, reduced bone loss and enhanced bone quality in mice with osteogenesis imperfecta, OI, at the 2023 American Society for Bone and Mineral Research, ASBMR, annual meeting. These results support development of NC605 as a potential highly effective treatment for osteogenesis imperfecta, a rare disease in which bones easily fracture. The number of new bone fractures and bone quality were assessed and compared to control animals and to female OI mice from a prior study. Key findings include: Treatment with the surrogate antibody, NP159 prevented new bone fractures in 90% of male oim compared to 85% of female oim seen earlier. All control mice had one or more new bone fractures. High resolution microCT showed decreased trabecular bone separation with NP159 treatment in both oim males and females. Cortical bone porosity, a measure of mechanical strength of bone, was normal in the treated male mice, in contrast with females who showed increased porosity. There were no changes in the overall bone mineral density for male or female mice. Bone stiffness increased in both male and female oim. Fourier Transform Infrared readouts, a measure of bone quality, in treated females showed a normalization of mineral: matrix ratio, increased acid phosphate and decreased collagen maturity. Interestingly and in contrast, the males showed no similar changes.
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CDMO | Hot Stocks08:17 EDT Avid Bioservices completes construction of gene therapy manufacturing facility - Avid Bioservices has completed construction of CGMP manufacturing suites within its new cell and gene therapy development and CGMP manufacturing facility as scheduled. The newly launched CGMP manufacturing suites are currently undergoing final environmental monitoring and performance qualification. With the completion of this latest and final expansion project, Avid estimates that its combined facilities now have a potential total revenue generating capacity of up to approximately $400 million annually. The purpose-built 53,000 square foot CGT development and manufacturing facility will support early-stage development through commercial manufacturing and is located in Orange County, CA, just five miles from Avid's mammalian development and manufacturing operations. The recently completed manufacturing suites join the CGT facility's analytical and process development labs, which were launched in 2022. Avid plans to commemorate the completion of the CGT facility by hosting a celebratory grand opening in January 2024. Avid's CGT facility will have the capability to produce suspension culture batches of up to 3,000 liters, as well as adherent cultures utilizing fixed bed bioreactors. Additionally, the manufacturing suites are designed to produce drug product with the use of state-of-the-art filling and capping machinery performed under isolator. With over 6,000 square feet dedicated to quality control laboratory space, the facility will be fully equipped to support both clinical and commercial CGT products.
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YTRA | Hot Stocks08:17 EDT Yatra partners with Welspun World to cater to their domestic travel requirements - Yatra, through its Indian subsidiary, Yatra Online, a corporate travel services provider and online travel company in India, announced a partnership with Welspun World to manage their domestic travel requirements. Through this partnership, Yatra aims to offer tailored, end-to-end travel solutions for Welspun's corporate employees. Yatra will offer its self-booking tool to Welspun designed to serve Welspun's diverse travel requirements.
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OCEA | Hot Stocks08:17 EDT Ocean Biomedical announces enrollment of patients for Phase 1b study - Ocean Biomedical announced that its joint venture partner, Virion Therapeutics, is now enrolling patients in its Phase 1b study for a first-in-class treatment of chronic Hepatitis B in Hong Kong and New Zealand, with additional sites in the United States to become active later this year. The first clinical stage drug candidate in the joint venture between Ocean and Virion, VRON-0200, was designed to control the infection without the need for antivirals, by using a proprietary novel checkpoint modifier of early T cell activation. This study will also inform and expedite the other IND-enabling activities in the JV's pipeline, including VRON-0300, for the treatment of patients with advanced solid tumors. "We're excited to see our joint venture with Virion already reaching this first major clinical milestone of enrolling patients in two countries, especially for a disease that has no cure and affects millions globally," said Elizabeth Ng, CEO of Ocean.
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ALHC WBA | Hot Stocks08:15 EDT Alignment, Walgreens to introduce co-branded Medicare advantage plans - Alignment Healthcare (ALHC) and Walgreens (WBA) have signed an agreement to offer new $0-premium co-branded Medicare Advantage plans in select markets throughout Arizona, California, Florida and Texas starting Jan. 1, 2024, reaching approximately 1.6 million Medicare-eligible adults, pending regulatory approvals. "Walgreens has a rich history of caring for communities, and we are honored to partner with this well-known and trusted retailer and pharmacy to expand access to care for seniors," said Dawn Maroney, president, markets of Alignment Healthcare, and CEO of Alignment Health Plan. "Together, we'll deliver a new level of access - one that makes it easy, convenient and cost-effective for seniors to get the medicine they need and the high-quality service they deserve."
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AUID | Hot Stocks08:15 EDT authID renews ISO 27001:2013 certification - authID announced the renewal of its certification as an ISO 27001:2013 certified provider whose Information Security Management System received third-party accreditation from the International Standards Organization. authID takes threats to the availability, integrity, and confidentiality of our clients' information seriously. Issued by A-LIGN, an independent and accredited third-party auditor, the renewed ISO 27001 certification is evidence that authID has implemented and exceeded rigorous international security management standards for our best-in-class biometric identity proofing and authentication system.
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NKGN | Hot Stocks08:14 EDT NKGen Biotech presents interim Phase I trial data at WCN meeting 2023 - NKGen Biotech presented a poster with interim Phase I trial data on the use of its investigational NK cell therapy, SNK01, to treat patients with Alzheimer's disease, AD, at the XXVI World Congress of Neurology, WCN, Annual Meeting in Montreal, QC, Canada and online. The poster, entitled "Use of Expanded Non-Genetically Modified Natural Killer Cells with Enhanced Cytotoxicity in Patient's with Alzheimer's Disease - Interim Report of a Phase I Trial", provided interim results from a single center, open label Phase I trial evaluating the safety, tolerability, and exploratory efficacy of SNK01 in patients with mild cognitive impairment and AD. SNK01 was administered intravenously every three weeks for a total of four treatments using a 3 + 3 dose escalation design in patients. Primary endpoint was safety and secondary endpoints included changes in cognitive assessments and biomarker levels. "The results from our Alzheimer's trial demonstrate that SNK01 has the potential to cross the blood-brain barrier as evidenced by the CSF biomarker data," said Paul Y. Song, CEO of NKGen Biotech. "Furthermore, despite the fact that 2/3rds of enrolled patients in this dose escalation safety trial received what we consider sub-therapeutic doses, SNK01 showed signs of effectively reducing neuroinflammation, a critical factor to effectively treating Alzheimer's. The pressing need for effective Alzheimer's treatments cannot be overstated, and we are committed to addressing this healthcare challenge. We are excited to share additional trial data in Alzheimer's expected later this year as we embark on this new chapter as a publicly traded company."
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TSN | Hot Stocks08:12 EDT Tyson Foods announces partnership with Protix - Tyson Foods has reached an agreement for a two-fold investment with Protix. The strategic investment will support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create more efficient sustainable proteins and lipids for use in the global food system. The agreement combines Tyson Foods' global scale, experience and network with Protix's technology and market leadership to meet current market demand and scale production of insect ingredients. Through a direct equity investment, Tyson Foods will acquire a minority stake in Protix to help fund its global expansion. In addition, Tyson Foods and Protix have entered a joint venture for the operation and construction of an insect ingredient facility in the continental United States. Upon completion, it will be the first at-scale facility of its kind to upcycle food manufacturing byproducts into high-quality insect proteins and lipids which will primarily be used in the pet food, aquaculture, and livestock industries. Kees Aarts, CEO of Protix, says: "We are very excited to announce the next step in our international growth strategy. Tyson Foods' and Protix's strategic partnership advances our joint work towards creating high-quality, more sustainable protein using innovative technology and solutions. Moreover, we can immediately use their existing byproducts as feedstock for our insects. This agreement is a major milestone for Protix and significantly accelerates our ambition to grow through international partnerships."
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TRU AMZN | Hot Stocks08:12 EDT TransUnion's TruAudience to integrate with AWS Entity Resolution - TransUnion's marketing solutions business, TruAudience, will integrate its identity product line with AWS Entity Resolution from Amazon Web Services. The integration with the TruAudience Identity product line brings advanced identity resolution capabilities to customers, improving their data hygiene and customer insights while helping to better protect their data by minimizing its movement, as it reads records where they already live.
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PRPH | Hot Stocks08:11 EDT ProPhase Labs announces growth expectations for Pharmaloz - ProPhase Labs unveiled the substantial expansion strategy for its wholly-owned subsidiary, Pharmaloz Manufacturing. The 2024 comprehensive plan aims to increase current lozenge production capacity by 400 % or more and thereby capture more of the expected increase in global demand for high-quality lozenges. Highlights of the Growth Plan: Financial Goals: The company goal is to ramp up to a run-rate of $60-$80 million in annualized revenues by the conclusion of 2024. This could translate into $12-$20 million in annualized pre-tax net profits. Expanding the work week could further expand capacity and margins. Global Collaborations: Over the past year, Pharmaloz has been working with several world-renowned lozenge brands to finalize formulations. The possible demand generated from these collaborations has the potential to help us meet or even surpass our ambitious new targets. Regulatory Milestones: Pharmaloz has successfully cleared its extensive multi-year FDA inspection. This pivotal accomplishment satisfies a critical requirement for onboarding some of the largest global prospects. Production for such prospective customers could begin as soon as early 2024. Operational Excellence: Year-to-date, the company has witnessed a 100% year-over-year growth in production in its non-Cold-EEZE contract manufacturing division and is currently capacity constrained. Capacity Enhancements: The first batch of a series of new, state-of-the-art automation equipment is scheduled for delivery and installation next month. This high-tech equipment is expected to boost existing capacity of the first lozenge line by close to 50% before the end of 2023. Future Outlook: Utilizing the current three-and-a-half workday schedule, Pharmaloz is projected to achieve a run-rate of $15 million in annualized revenues and a run-rate of $3+ million in gross profit during Q1 2024. Second Line of Production: Equipment for a second lozenge manufacturing line has already been ordered, with delivery and installation planned for Q2 2024. Strategic Planning: In anticipation of further demand, Phamaloz has engaged one of the nation's top engineering firms to draft a three-year master plan, that includes planning for a fourfold increase in capacity by December 2024, with possible additional scaling from there.
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INMB | Hot Stocks08:10 EDT INmune Bio presents biomarker, feasability data from Phase 1b study of XPro - INmune Bio highlights some important findings from data presented at the 16th annual Clinical Trial in Alzheimer's Disease to be held October 24-27 in Boston, MA. INmune is enrolling AD patients into a global, blinded, randomized Phase II trial. Summary of CTAD Presentations featuring XPro: P186: Feasibility of the Cumulus electrophysiological neurocognitive platform to enable de-centralized trials in Alzheimer's Disease. In a small group of mild to moderate AD patients, the feasibility of home, self-administered electroencephalogram using the novel system from Cumulus Neuroscience was tested. The study confirmed the feasibility of collecting quality EEG signals at home with strong patient participation and evidence of functional benefit as demonstrated by an acute and chronic boost in P300 amplitude changes after treatment with XPro. P081: Changes in neurology related CSF proteome after treatment with XPro1595 for Alzheimer's disease. Treatment with XPro was associated with dose-dependent improvement in neurology-related proteins that are the most strongly associated with the core AD pathologies of amyloid-beta and phosphorylated tau (pTau), in this sample. These findings provide further evidence that XPro is targeting the neuronal proteins most affected in AD. P055: Changes in cortical microstructure in brain regions associated with cognitive status and disease duration after short-term treatment with XPro1595 for Alzheimer's disease. The poster reports regional improvements in a diffusion MRI measure of cortical grey matter quality after short-term treatment with XPro in grey matter structures that are most affected by AD suggesting that XPro(TM) targets the regions of the brain most affected by AD.
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CRBP | Hot Stocks08:08 EDT Corbus Pharmaceuticals announce publication of CRB-913 - Corbus Pharmaceuticals announced results of a pre-clinical study on its CRB-913 cannabinoid type-1 receptor inverse agonist have been selected for oral presentation at the 11th annual Obesity Journal Symposium, held during the 2023 Obesity Week Conference in Dallas, Texas October 14-17, 2023. In addition, the work has also been selected as a late breaking poster. "These data point to the potential of CRB-913, both as a monotherapy in combination with incretin therapies," said Yuval Cohen, Ph.D., Chief Executive Officer of Corbus. "We look forward to this differentiated anti-obesity drug candidate advancing to the clinic and to selecting the best partnership path forward to accelerate that process." The pre-clinical study evaluated the anti-obesity effects of CRB-913, a peripherally restricted inverse agonist as monotherapy and in combination with incretin analogs in a diet induced-obesity mouse model. CRB-913 demonstrated markedly enhanced plasma exposure and markedly reduced brain levels compared to the first generation CB1 inverse agonist rimonabant. CRB-913 monotherapy yielded dose-dependent decrease in body weight in DIO mice that was further enhanced in combination with tirzepatide, semaglutide, or liraglutide. Concomitantly, improvements were observed in body fat content, leptinemia, insulin resistance, liver triglycerides, liver fat deposits and liver histology. All changes were statistically significant. CRB-913 did not induce any loss of lean mass. Investigators concluded that CRB-913, in combination with incretin analogs, could potentially deliver meaningful improvements in obesity and related conditions.
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VINE | Hot Stocks08:08 EDT Fresh Vine submits plan of compliance to NYSE American - Fresh Vine Wine has submitted a plan of compliance to NYSE American addressing how the Company intends to regain compliance with NYSE American's minimum stockholders' equity requirements for continued listing. The Company previously announced that it had received notice from NYSE American that it was not in compliance with the continued listing standard set forth in Section 1003(a)(ii) of the NYSE American Company Guide, which requires a listed company that has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years to maintain at least $4 million of stockholders' equity. The Company reported stockholders' equity of $2.4 million as of June 30, 2023, and has had losses from continuing operations and/or net losses in each of its fiscal years ended December 31, 2020, 2021 and 2022. Pursuant to the Company Guide, NYSE American will evaluate the Company's plan and, within 45 days of receipt of the plan, make a determination as to whether the Company has made reasonable demonstration of an ability to regain compliance with the continued listing standards within the time period prescribed. If the Company's plan is accepted by NYSE American, the Company will have until March 8, 2025 to regain compliance and will be subject to periodic NYSE American reviews, including quarterly monitoring for compliance with the plan. If the plan is not accepted, the Company will be subject to delisting proceedings as specified in the Company Guide. In addition, if the plan is accepted by NYSE American, but the Company is not in compliance with the continued listing standards by compliance deadline, or if the Company does not make progress consistent with the plan, the Company will be subject to delisting proceedings. Fresh Vine Wine previously announced that it has initiated an exploration of strategic opportunities by way of merger, acquisition, or any accretive strategic transaction to enhance stockholder value, which is a focus of its plan of compliance. The Company has engaged The Oak Ridge Financial Services Group, Inc. as its exclusive investment banker to lead the process of sourcing and vetting opportunities, and all inquiries should be directed to Oak Ridge Financial.
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OLK | Hot Stocks08:07 EDT Olink Holding AB trading halted, news pending
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CLRB... | Hot Stocks08:07 EDT Cellectar Biosciences appoints Yoon, Nanduri as VPs - Cellectar Biosciences (CLRB) announces the appointment of William Yoon, PharmD, MBA/HCM as vice president, VP, medical affairs and Aaditya Nanduri, MS, as vice president, business strategy and analytics ahead of the expected readout of top-line pivotal data for iopofosine I 131 in Waldenstrom's macroglobulinemia in Q4 2023. Prior to joining Cellectar Biosciences, Yoon held the position of Head of Clinical and Value Evidence at Immunogen (IMGN). Nanduri brings a wealth of experience in data and operations, acquired through key roles at organizations such as BeiGene (BGNE), Celgene Corporation, and Ernst & Young.
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ACN SAP | Hot Stocks08:06 EDT Accenture teams with SAP to create AI-enabled solutions - Accenture (ACN) is collaborating with SAP (SAP) to help organizations adopt generative AI across their core business processes. Together, the companies will create AI-enabled solutions and use cases that can enhance an organization's investment in SAP technology by improving business performance and employee productivity, accelerating time to value with SAP S/4HANA Cloud..."Accenture is helping clients across industries to responsibly use generative AI to reinvent businesses by transforming work, streamlining operations, enhancing customer experiences and driving sustainable growth," said Karthik Narain, group chief executive - Technology, Accenture. "Through our strengthened collaboration with SAP, we can help our clients leverage the transformative potential of generative AI to address complex and pressing business needs, unlocking their full potential."
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FCEL | Hot Stocks08:06 EDT FuelCell low-carbon hydrogen product gets IESO Hydrogen Innovation Fund award - FuelCell Energy announced that Ontario's Independent Electricity System Hydrogen Innovation Fund Award has been awarded to a project in which FuelCell Energy is playing a key role alongside Kinectrics and Bruce Power. This fund seeks to establish action-oriented, sector-specific pilot projects with the purpose of evaluating and demonstrating how low-carbon hydrogen technologies can be integrated to strengthen and improve the reliability of Ontario's energy grid. The comprehensive plan submitted by Kinectrics, Bruce Power and FuelCell Energy included performing a techno-economic assessment of hydrogen production as a clean fuel source for heavy-duty vehicles through high-temperature water electrolysis and will explore the use of solid oxide fuel cells for power generation. It will evaluate the economic feasibility, including installation, maintenance and operating costs of hydrogen production, storage, distribution, and power generation infrastructure. This project will seek to demonstrate the value of hydrogen as an integral part of the electrical grid and will identify key environmental, safety, regulatory and operational considerations for its deployment. This project will serve as a pilot for broader deployment at a larger scale including integrating hydrogen systems with nuclear power plants including Small Modular Reactors. The project team will seek to apply the lessons learned in this pilot to future commercial installations of hydrogen electrolyzers and fuel cells.
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RTC | Hot Stocks08:04 EDT Baijiayun CFO Yong Fang resigns, Fangfei Liu to succeed - Baijiayun Group announced a change in its management. Yong Fang has tendered his resignation as the CFO of the company, effective from October 16. Fang's resignation was due to personal reasons, and did not result from any disagreement nor dispute with the company, its management, board of directors or any committee of the Board, on any matter relating to the company's operations, policies or practice. The Board has accepted Fang's resignation and appointed Fangfei Liu as its CFO, effective from the same date.
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ECOR | Hot Stocks08:04 EDT electroCore announces extension of gammaCore device listing in NHS Supply Chain - electroCore announced that gammaCore therapy will continue to be listed in the United Kingdom's National Health Service, NHS, Supply Chain catalogue for an additional two years through March 17, 2026. The listing, which commenced on June 4, 2019, was scheduled to terminate on March 18, 2024. "We are delighted the NHS Supply Chain intends to continue to include the gammaCore device within their framework agreement, commencing March 2024 through March 2026 with an option to extend for a further 2 years," stated Mitch DeShon, Vice President of Global Sales & Business Development at electroCore. "Inclusion in this catalogue helps ensure gammaCore therapy is broadly accessible to patients across the UK who may benefit from non-invasive vagus nerve stimulation and adds increased validation to the benefits realized by patients in the UK using gammaCore therapy."
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ADTN | Hot Stocks08:04 EDT Kyndryl partners with Adtran for managed multi-cloud services - Adtran announced that Kyndryl, a multinational information technology infrastructure services provider, is leveraging its Ensemble virtualization suite to deliver secure, managed enterprise cloud access services. Adtran's Ensemble Connector and Ensemble SaaS management and orchestration or MANO,platforms give Kyndryl's customers an open, powerful and flexible pay-as-you-grow solution for network virtualization. Running on servers located in Amsterdam and Frankfurt, the technology enables Kyndryl to offer a simple, secure and highly cost-effective route to deploying and managing virtualized services while reducing hardware dependencies..."Our virtualization solutions are helping Kyndryl to evolve their cloud services, opening doors for more enterprises to securely access the cloud in an agile fashion. By leveraging our open and programmable Ensemble software, coupled with our continued expert support, Kyndryl is equipped to offer businesses risk-free, pay-as-you-grow flexibility," commented Mike Heffner, GM of business solutions at Adtran. "This strategy lets Kyndryl's enterprise customers scale their services efficiently, aligning with their unique growth patterns and budget requirements. As a result, they can confidently harness Kyndryl's secure cloud services to help navigate today's business demands in the most versatile way possible."
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VTSI | Hot Stocks08:04 EDT VirTra launches V-XR training system - VirTra officially launched its pioneering Extended Reality training system, V-XR at the International Association of Chiefs of Police Conference. VirTra has come full circle in its training capability by adding a comprehensive soft skills trainer that transcends boundaries, expanding VirTra's impact beyond traditional law enforcement applications. V-XR powered by VirTra's innovative technology, revolutionizes training by bringing adaptive soft skills training to our traditional law enforcement and military clients as well as private security, hospital security, educational institutions, and criminal justice academies. The V-XR is not a "shoot-don't-shoot" marksmanship trainer. This transformative platform focuses on essential skills such as communication, de-escalation, and the recognition of mental health conditions, including autism spectrum disorders.
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LSTA | Hot Stocks08:02 EDT Lisata Therapeutics announces EMA granted LSTA1 orphan drug designation - Lisata Therapeutics announced that the European Medicines Agency, EMA, Committee for Orphan Medicinal Products has granted orphan drug designation to LSTA1, the Company's lead product candidate for the treatment of pancreatic cancer. Currently, LSTA1 is the subject of multiple ongoing and planned clinical studies being conducted globally in a variety of solid tumor types, including pancreatic cancer, in combination with a variety of anti-cancer regimens. "Pancreatic cancer has one of the highest mortality rates of all cancers and affects hundreds of thousands of patients worldwide each year. Although progress has been made in understanding and treating pancreatic cancer, there remains significant unmet medical need," stated Kristen K. Buck, M.D., Executive Vice President of R&D and Chief Medical Officer of Lisata. "To date, LSTA1 has demonstrated favorable safety, tolerability, and activity to enhance delivery of standard-of-care chemotherapy for patients with metastatic pancreatic cancer. Obtaining orphan drug designation from the EMA reinforces our belief that LSTA1 offers major improvement in treating patients with this terrible disease. We are excited by the promise of LSTA1 for the treatment of pancreatic cancer and other solid tumors and are committed to advancing our development programs with the goal of providing a benefit to patients."
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SEEL | Hot Stocks08:02 EDT Seelos Therapeutics retains Canaccord Genuity to review potential partnerships - Seelos Therapeutics announced that it has retained Canaccord Genuity to assist in its ongoing review of potential partnerships, collaborations, and similar opportunities.
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RZLT | Hot Stocks08:02 EDT Rezolute receives PRIME eligibility from EMA for RZ358 - Rezolute announced that the European Medicines Agency, EMA, has granted Priority Medicines, PRIME, eligibility to RZ358 for the treatment of congenital hyperinsulinism, HI. PRIME eligibility is granted by EMA to drug candidates that target an unmet medical need and show potential benefit for patients based on clinical trial results. The PRIME initiative was created to provide proactive and enhanced support to developers of promising medicines to optimize development plans and accelerate evaluation with the goal of having new therapies reach patients faster. With respect to congenital HI, EMA has stated that there is an unmet medical need with no specifically authorized therapeutics available for the condition and that there are significant short-term and long-term risks, which are consequences of severe hypoglycemia. "We are excited to receive PRIME eligibility for RZ358, especially as we plan to initiate our Phase 3 study for RZ358 this quarter," remarked Susan Stewart, JD, Chief Regulatory Officer at Rezolute. "We are appreciative that the EMA recognizes the devastating nature of the disease and the potential for RZ358 to have a significant positive impact on clinical outcomes for patients and their families."
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INFN | Hot Stocks08:02 EDT Hawe Telekom selects Infinera ICE6 800G solution - Infinera announced that Hawe Telekom selected Infinera's ICE6 800G coherent solution to deliver high-capacity wholesale services to network operators in Poland as well as interconnections to neighboring countries on its Frankfurt-Warsaw-Vilnius route. Hawe Telekom selected Infinera's ICE6 based on the superior economics provided by its industry-leading optical performance as demonstrated during a live network trial from Frankfurt to Warsaw. Leveraging Infinera's ICE6 800G solution, Hawe Telekom will launch its "Super Highspeed Delivery" product, a unique service offering that provides its customers with nx100G services that can be turned up within 48 hours.
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LMT | Hot Stocks07:56 EDT Lockheed Martin sees FY23 Aeronautics sales $26.8B-$27B - Sees Aeronautics segment operating profit $2.805B-$2.825B. Sees MFC sales $11.2B-$11.3B, segment operating profit $1.515B-$1.525B. Sees RMS sales $15.9B-$16B, segment operating profit $1.89B-$1.9B. Sees Space sales $12.35B-$12.45B, segment operating profit $1.115B-$1.125B.
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LMT | Hot Stocks07:52 EDT Lockheed Martin reaffirms FY23 segment operating profit view $7.325B-$7.375B - Comments taken from Q3 earnings conference call presentation slides.
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CARS | Hot Stocks07:40 EDT Cars.com rebrands commercial enterprise as Cars CommerceCars.com - Cars.com announced a new enterprise brand name. The company is uniting its various commercial brand names under Cars Commerce and doubling down on its platform strategy to connect the industry with a simplified technology that spans pretail, retail and post-sale activities. The new enterprise brand name comes with a streamlined and interconnected portfolio organized by four core capabilities: integrated into both the Cars.com marketplace and Dealer Inspire websites is Accu-Trade, a data and technology provider that puts the valuation on any vehicle, and the Cars Commerce Media Network brand that unifies all of the company's media products, including Cars Social, FUEL IMV and its national advertising solutions.
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LMT | Hot Stocks07:35 EDT Lockheed Martin backs FY23 cash from operations greater than, equal to $8.15B - Backs FY23 free cash flow view greater than, equal to $6.2B.
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NEXCF | Hot Stocks07:35 EDT Nextech3D.AI launches AR games in Mobile Event App - Nextech3D.AI announced that augmented reality games are now available in the Company's newly launched Augmented Reality Powered Mobile Event App for trade shows and event organizers. This app will feature 10 out-of-the-box AR games, creating sponsorship opportunities for event organizers and show managers, while enhancing attendee engagement and creating memorable moments at events.
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VERO | Hot Stocks07:35 EDT Venus Concept launches new Venus Aesthetic Intelligence branding - Venus Concept announced a company-wide rebranding initiative, introducing Venus Aesthetic Intelligence to reflect its new strategic vision for the company and an enhanced focus on emerging technologies in aesthetics. "It has been a transformational year for the company. With the first phase of our strategic turnaround behind us, we have now set the stage for a fresh new vision for the future of the company. This vision will build upon our leading product innovations, customer focus and align with our long-term strategic growth plan," said Rajiv De Silva, Chief Executive Officer of Venus Concept. The new Venus AI branding represents a forward-looking approach to aesthetics innovation that is core to Venus' future aspirations. The company's product portfolio will continue to evolve and deliver more than just leading device performance - but a shift towards total practice performance; from the moment the patient enters the clinic to the post-treatment recovery.
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TUP | Hot Stocks07:34 EDT Tupperware Brands appoints Laurie Goldman as CEO, adds board directors - Tupperware Brands announced that Laurie Ann Goldman has been named President, CEO and a Director of the Board. Goldman replaces Miguel Fernandez as President and CEO, and Fernandez will no longer serve as a Director of Tupperware's Board, effective immediately. Goldman previously served as CEO of Avon North America and as CEO of Spanx. She was most recently the CEO of OVME Aesthetics. Additionally, the company has appointed Lori Bush, Paul Keglevic and William Transier to the Board of Directors. To enable the Board refreshment, Mark Burgess, Meg Crofton, Deborah Ellinger and James Fordyce have voluntarily stepped down from the Board. With these changes, the Board will be reduced to eleven directors, ten of whom will be independent. The company filed its 2022 Annual Report on Form 10-K with the Securities and Exchange Commission on October 13. The company is continuing to finalize its financial close process for the first three quarters of 2023 and will file its Quarterly Reports for Q1, Q2 and Q3 of 2023 as promptly as possible. Lori Bush most recently founded Solvasa in 2020. Previously, she was President and CEO of Rodan & Fields from 2007 to 2016 and served as President and Principal Owner of The Gremlin Group from 2006 to 2007. Bush currently sits on the Board of Directors for Ruby Ribbon, Topix and Leo Holdings I, II, III, IV. Paul Keglevic was most recently CEO of Energy Future Holdings, where he held roles of increasing responsibility including Chief Risk Officer, Chief Restructuring Officer and CFO since 2008. Bill Transier founded and currently serves as CEO of Transier Advisors since 2015. Previously, he was Co-founder and CEO of Endeavour International Corporation from 2004 to 2015 and served as CFO of Ocean Energy from 1996 to 2003.
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ARWYF | Hot Stocks07:34 EDT ARway.ai launches augmented reality games - ARway.ai announced the availability of stock or custom augmented reality games as spatial experiences in the ARway studio. This strategic expansion is set to further solidify ARway's position as a leading innovator in AR technology as well as indoor spatial mapping.
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ABCM DHR | Hot Stocks07:34 EDT ISS recommends Abcam shareholders vote for Danaher deal - Abcam (ABCM) announced that leading independent proxy advisor Institutional Shareholder Services recommended that Abcam shareholders vote "for" Danaher's (DHR )proposed acquisition of Abcam ahead of its shareholder meetings on November 6. Alan Hirzel, Chief Executive Officer of Abcam, said: "We are pleased that ISS supports our board's unanimous recommendation that shareholders vote "FOR" the proposed sale to Danaher. We are confident this transaction is in the best interests of Abcam and its shareholders, and will deliver an excellent outcome for Abcam's employees and customers. We strongly urge all Abcam shareholders to follow the recommendation of our board and ISS." "In light of the thorough sales process, the premium and certainty of value inherent in the [Danaher] all-cash offer, and the reasonable valuation, the proposed transaction appears to be a superior alternative to the downside risk and uncertainty inherent in Milner's underdeveloped plan to create value through a board refresh. As such, support for the proposed transaction is warranted." "
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LMT | Hot Stocks07:33 EDT Lockheed Martin reports Q3 cash from operations of $2.9B; free cash flow $2.5B
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LMT | Hot Stocks07:33 EDT Lockheed Martin raises quarterly dividend to $3.15 per share
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LTBR | Hot Stocks07:33 EDT Lightbridge launches study to assess its fuel for use in CANDU reactors - Lightbridge Corporation announces it has engaged Institutul de Cercetri Nucleare Piteti, a subsidiary of Regia Autonoma Tehnologii pentru Energia Nucleara, RATEN ICN, to perform an engineering study to assess the compatibility and suitability of Lightbridge Fuel for use in CANDU reactors. This assessment will cover key areas including mechanical design, neutronics analysis, and thermal and thermal-hydraulic evaluations. The findings from the engineering study will play an important role in guiding future economic evaluations and navigating potential regulatory licensing-related issues.
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XAIR | Hot Stocks07:32 EDT Beyond Cancer publishes pre-clinical data on UNO, anti-mPD-1 therapy - Beyond Cancer, an affiliate of Beyond Air, announced the publication of pre-clinical data demonstrating that its proprietary technology, ultra-high concentration nitric oxide, UNO, reduces immunosuppression and creates a favorable microenvironment that can contribute to immune potentiation. The data were published in an article entitled, "Intratumoral Administration of High-Concentration Nitric Oxide and Anti-mPD-1 Treatment Improves Tumor Regression Rates and Survival in CT26 Tumor-Bearing Mice," in the peer-reviewed journal Cells. The manuscript published in Cells describes several studies elucidating UNO's effect on both the adaptive and innate immune responses, as well as tumor responses, to a single administration of therapy. Specifically, in vitro studies showed that PD-L1 was upregulated in both CT26 and 4T1 tumor models following exposure to UNO, implying a possible mechanism for overcoming PD-1 resistance. "The publication of our second peer-reviewed manuscript in the journal Cells further demonstrates the acceptance of the science of UNO by an expanding community of researchers," said Dr. Selena Chaisson, Chief Executive Officer. "I am excited for the presentation of our initial clinical data at SITC."
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NCNO | Hot Stocks07:32 EDT Citizens Bank adopts multiple nCino solutions - nCino announced that Citizens Bank has chosen the nCino Cloud Banking Platform to gain greater flexibility in its internal processes and enhance the services it provides to clients. The bank will implement multiple solutions from nCino including its Commercial Banking Solution, Portfolio Analytics Solution, and Mortgage Suite. This suite of products utilizes a simple sign-on feature to access either a mobile user-interface or a point-of-sale, creating a streamlined workflow with no need for repetitive data entry.
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LMT | Hot Stocks07:31 EDT Lockheed Martin increases share repurchase authority by $6B to $13B total
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GS | Hot Stocks07:28 EDT Goldman Sachs reports Q3 FICC net revenue $3.38B, down 6% y/y - Net revenues in FICC were $3.38 billion, 6% lower than a strong third quarter of 2022, reflecting lower net revenues in FICC intermediation, driven by significantly lower net revenues in currencies and commodities and lower net revenues in credit products, partially offset by significantly higher net revenues in interest rate products and mortgages. Net revenues in FICC financing increased slightly. Net revenues in Global Banking & Markets were $8.01 billion for the third quarter of 2023, 6% higher than the third quarter of 2022. Asset & Wealth Management generated quarterly net revenues of $3.23 billion. Platform Solutions generated quarterly net revenues of $578 million, 53% higher than the amount in the prior year period. Book value per common share increased by 1.5% during the quarter and 3.4% during the first nine months of 2023 to $313.83.
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CRECF | Hot Stocks07:18 EDT Critical Elements Lithium reports first grab sample results from Rose deposit - Critical Elements Lithium announced the first grab sample results from the newly discovered spodumene-bearing pegmatite located approximately 8 km west of the Rose deposit. The Rose Lithium-Tantalum project is situated within the Rose and Rose South property blocks, which constitute 395 km2, or only 38% of the 1,050 km2 in the Corporation's highly prospective exploration portfolio in Quebec. During the summer of 2023, Critical Elements conducted a prospecting program over several areas, including the Rose, Rose South, Rose North and Nemaska belt properties. The objective of the field program was to identify new pegmatite bodies using systematic rock geochemical sampling of all pegmatite bodies in order to refine the geological interpretation of the properties and prioritize for further exploration work including drilling. A total of 866 rock samples were collected during the exploration campaign. As reported on September 12th, 2023, several new outcrop discoveries have been identified in the Rose pegmatite swarm. To date, 4 spodumene-bearing pegmatite outcrops have been identified in this New Discovery Area. At this early stage, the exact strike length, width and orientations of these dykes is unknown, but the apparent strike length along the outcrops exceeds 400 metres. To date, the results from the initial 10 selected samples have been received. All samples are lithium-bearing and 50% of them report values over 3% Li2O with some results as high as 3.02% Li2O, 3.62% Li2O, 3.60% Li2O, 3.37% Li2O, and 5.62% Li2O.
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MECVF | Hot Stocks07:16 EDT mdf Commerce enters multi-year agreement with New York counties - mdf commerce announces that Rockland, Chemung, Orange and Ulster Counties in New York State have signed a multi-year agreement for the usage of our source-to-contract solution and our Shop module, a marketplace to easily find and shop from available cooperative contracts. These Counties have been utilizing our sourcing module for over 15 years and, through this agreement, will upgrade their procurement efficiency to include our full source-to-contract technology and innovative shared marketplace.
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BK | Hot Stocks07:16 EDT BNY Mellon reports Q3 ROE 11%, ROTCE 20% - Reports Q3 CET1 11.4%; Tier 1 leverage 6.1%.
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OLMA | Hot Stocks07:16 EDT Olema Oncology appoints Garland to board of directors - Olema Pharmaceuticals announced the appointment of Scott Garland to the company's Board of Directors. Garland brings more than 30 years of biopharmaceutical industry experience with deep commercial and executive leadership expertise. Garland most recently served as CEO of PACT Pharma, an immuno-oncology company that was focused on developing cell therapies for solid tumors.
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LASE PSN | Hot Stocks07:15 EDT Laser Photonics announces order for CleanTech LPC-200-CTHD system - Laser Photonics (LASE) finalized an order for a CleanTech Handheld LPC-200-CTHD portable laser cleaning system from Parsons Corporation (PSN).
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VIGL | Hot Stocks07:15 EDT Vigil Neuroscience announces first patient dosed in Phase 1 trial of VG-3927 - Vigil Neuroscience announced that the Company has dosed its first participant in a Phase 1 clinical trial in healthy volunteers evaluating VG-3927, the first and only small molecule TREM2 agonist in the clinic for the potential treatment of Alzheimer's disease, AD. "Dosing the first participant in our Phase 1 trial of VG-3927, the first and only small molecule TREM2 agonist in clinical development for assessment in AD, is an important milestone in our multi-modality strategy to develop novel therapeutics for the treatment of rare and common neurodegenerative diseases," said Ivana Magovevi-Liebisch, Ph.D., J.D., President and Chief Executive Officer of Vigil. "With approximately 6.7 million Americans living with AD, there remains a significant need for new therapies with improved safety and efficacy and that can broadly address multiple aspects of AD disease pathophysiology. Our orally bioavailable and highly CNS penetrant TREM2 agonist VG-3927 has a differentiated mechanism of action with multiple potential therapeutic advantages in AD, and we are excited to advance VG-3927 to potentially bring a differentiated treatment option to AD patients." The double-blind, placebo-controlled Phase 1 clinical trial plans to evaluate VG-3927 in SAD and MAD ascending dose cohorts in healthy volunteers. The study is designed to evaluate VG-3927's safety and tolerability, pharmacokinetics, and pharmacodynamics. The Company anticipates reporting interim Phase 1 topline data in mid-2024
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EVLO | Hot Stocks07:14 EDT Evelo announces primary endpoint was not achieved in Phase 2 study of EDP2939 - Evelo Biosciences announced top-line results from its Phase 2 clinical study with EDP2939 in moderate psoriasis. The study's primary endpoint, the difference in the proportion of patients who achieved an outcome of a 50% improvement from baseline in Psoriasis Area and Severity Index score between EDP2939 and placebo after 16 weeks of daily treatment, was not achieved. The Company is continuing to gather and analyze the study data. Simba Gill, Ph.D., Chief Executive Officer of Evelo, commented, "Whilst we are disappointed with the results of the Phase 2 study with EDP2939, we continue to believe in the value of our Small Intestinal Axis platform and in our potential product, EDP1815. We previously reported positive efficacy and safety data in a Phase 2 study of mild to moderate psoriasis with EDP1815. We will cease development of EDP2939, given the results of this study, and are conducting a review of potential strategic alternatives, including seeking to partner EDP1815 and the SINTAX platform." In the EDP2939-101 Phase 2 study, the primary endpoint was the difference in the proportion of patients who reached at least PASI-50 reductions between EDP2939 and placebo after 16 weeks of daily treatment. A PASI-50 response was chosen as this is clinically meaningful for patients with moderate psoriasis and had been positive in the previous study with EDP1815. Although there was no statistically significant difference between the proportion of patients who achieved a PASI-50 response on EDP2939 compared to placebo, it was notable that such numeric proportion went from being inferior to placebo at week 16 to being superior at the week 20 follow-up visit. Ongoing analysis of the secondary endpoints continues. Overall safety data was consistent with what was previously reported in the Phase 1 portion of this study: EDP2939 was well-tolerated with adverse events comparable to placebo. There were no related serious adverse events. Based on these results, Evelo has initiated a process to explore strategic alternatives.
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PEV | Hot Stocks07:14 EDT Phoenix Motor, Fermata Energy partner for bus, truck customers - Phoenix Motor and Fermata Energy announced the integration of Vehicle-to-Grid capabilities for all medium-duty electric vehicles manufactured by Phoenix Motorcars. All Phoenix electric school buses, shuttle buses and trucks, from the first-generation vehicles delivered in 2015, to the current generation vehicles can be equipped with V2G capability, enabling fleets to send excess energy back to the grid via Fermata Energy's FE-20 bidirectional chargers. This connection enables DC charging and discharging at the rate of 20kW over the CHAdeMO connection. Older generation vehicles can be enabled with V2G capability via a software update available from the OEM. Phoenix is the first commercial vehicle manufacturer to enable V2G across all vehicles produced. The Company will also equip its next generation vehicles with faster 60kW V2G capability, using the CCS charging protocol in partnership with Fermata Energy. Phoenix and Fermata Energy also announced the signing of a commercial partnership agreement to enable the seamless deployment of V2G capable vehicles, chargers and managed V2G services.
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ABBV | Hot Stocks07:12 EDT AbbVie: Health Canada approves RINVOQ for treatment of Crohn's disease - AbbVie announced that Health Canada has approved RINVOQ, an oral, once-daily selective and reversible JAK inhibitor, for the treatment of adults with moderately to severely active Crohn's disease.
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GILD ASMB | Hot Stocks07:12 EDT Gilead to buy 29.9% of Assembly voting stock in $100M pact - Gilead Sciences (GILD) and Assembly Biosciences, Inc. (ASMB) announced that the companies have entered into a 12-year partnership to advance the research and development of novel antiviral therapies, with an initial focus in Assembly Bio's established areas of herpesviruses, hepatitis B virus HBV and hepatitis D virus HDV . Assembly Bio's current portfolio of small molecule antiviral therapeutics includes both clinical and preclinical programs, including next-generation core inhibitor ABI-4334 for the treatment of HBV, long-acting helicase-primase inhibitor ABI-5366 for herpes simplex virus , an orally bioavailable HDV entry inhibitor ABI-6250, and a pan-herpes polymerase inhibitor program...Under the terms of the agreement, Assembly Bio will receive $100M, consisting of an $84.8M upfront payment and a $15.2M equity investment from Gilead. Gilead's initial equity investment at a premium represents 19.9 percent of the outstanding voting stock of Assembly Bio as of the date of closing. In addition, subject to certain conditions, Gilead has agreed to purchase up to 29.9% of Assembly Bio's outstanding voting stock at a premium. ..Following Gilead's exercise of its option for an Assembly Bio program, Assembly Bio will have the right to opt-in to share profits and costs in the United States. For future new programs, Assembly Bio will also have an option to co-promote those products in the United States.
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GXO | Hot Stocks07:11 EDT GXO Logistics announces agreement with Eddie Bauer - GXO Logistics announced an agreement with Eddie Bauer, a SPARC group company, to optimize warehouse operations for the iconic American outdoor brand, including building a fully automated 385,000-square-foot warehouse. The Company will manage Eddie Bauer's retail, ecommerce and reverse logistics, transitioning to the new automated distribution center upon its completion in the first half of 2024. The new, fully automated site will deploy a totes-to-person picking solution featuring GreyOrange technology as well as autobagger packing machines. GXO has successfully deployed similar totes-to-person solutions at other sites to optimize vertical space and tote-handling applications to deliver agility, accuracy and optimal workflows in support of efulfillment operations.
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BOLT | Hot Stocks07:10 EDT Bolt Biotherapeutics reports first patient dosed in Phase 1/2 study of BDC-3042 - Bolt Biotherapeutics announced that the first patient has been dosed with BDC-3042 in the single-agent dose-escalation portion of this first-in-human Phase 1/2 clinical study. The study will evaluate BDC-3042 in patients with metastatic or unresectable triple-negative breast cancer, TNBC, colorectal cancer, clear cell renal cell carcinoma, head and neck cancer, non-small cell lung cancer, NSCLC, or ovarian cancer. "We are excited to have dosed the first patient in this first-in-human clinical trial, which will evaluate the safety, pharmacokinetics, pharmacodynamics, and anti-tumor activity of BDC-3042 in a diverse set of advanced cancers," said Edith Perez, M.D., Chief Medical Officer of Bolt Biotherapeutics. "BDC-3042 is a monoclonal antibody that repolarizes tumor-associated macrophages to attack tumor cells and is the first-in-class Dectin-2 agonist. As Dectin-2 gene expression is elevated in TAMs across a broad range of solid tumor types, we see potential for this novel immunotherapy to be used for a wide range of cancers. We are enthusiastic to advance our second innovative immunotherapy program to the clinic with a focus on providing breakthroughs for patients."
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TLRY | Hot Stocks07:10 EDT Tilray's Good Supply debuts new hemp packaging - Tilray Brands announced a new sustainability campaign and hemp packaging transition across its Canadian cannabis brand Good Supply. Taking the lead as the first brand in Tilray's cannabis portfolio to fully transition to environmentally friendly materials, the team has overhauled the brand's packaging and componentry of all whole flower bags, pre-rolls, and vape tubes, along with vape mouthpieces, to minimize the amount of single-use plastics used. Good Supply is rolling out new sustainable hemp packaging for pre-rolls, vapes, and flower: Pre-rolls and 1g Pax Pods Cartridges: For their pre-rolls and 1g Pax Pods offerings, Good Supply has produced new eco-friendly hemp tubes for easy transport and consumer convenience. 510 Vape Cartridges: Good Supply is bringing consumers sleek new hemp composite mouthpieces for its best-selling collection of 510 vape cartridges. Whole Flower: Moving away from traditional plastic bags for whole flower, Good Supply moves into bags made from recycled content, diverting over 38,000kg of plastic waste yearly.
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APLS | Hot Stocks07:09 EDT Apellis to present positive Phase 2 NOBLE results of pegcetacoplan - Apellis Pharmaceuticals and Sobi announced that positive results from the Phase 2 NOBLE study investigating pegcetacoplan for the treatment of post-transplant recurrence of primary immune complex membranoproliferative glomerulonephritis, IC-MPGN, and C3 glomerulopathy will be presented at the American Society of Nephrology Kidney Week Annual Meeting. The results showed the potential for a treatment effect in both IC-MPGN and C3G patients treated with pegcetacoplan. At Week 12, of the 10 patients treated with pegcetacoplan: Eight patients showed a reduction in C3c staining by one or more orders of magnitude of intensity from baseline. Five patients showed a reduction in C3c staining by two or more orders of magnitude of intensity from baseline. Four patients showed zero staining intensity, indicating that C3c deposits were cleared. Excessive deposition of C3 breakdown products in the kidney leads to inflammation and damage of the kidney, often causing kidney failure. Additionally, in 12 weeks, treatment with pegcetacoplan showed a mean reduction of proteinuria, which is a key marker of disease progression1, in a subgroup of patients with high baseline levels). Other biomarkers also improved, including an increase in mean serum C3, reduction in mean sC5b-9, and stabilization of kidney function as measured by estimated glomerular filtration rate. There were no discontinuations due to treatment-emergent adverse events.
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RVVTF | Hot Stocks07:08 EDT Revive Therapeutics enters into agreement with Defence R&D Canada - Revive Therapeutics has entered into an agreement with Defence R&D Canada - Suffield Research Centre, an agency of the Canadian Department of National Defence, to evaluate Bucillamine as a potential treatment for nerve agent exposure. The DRDC will fund the research project, which is expected to begin in early Q1-2024. DRDC is investigating pharmacological compounds that can mitigate nerve agent induced brain injury. Recent studies have shown that antioxidant compounds such as n-acetylcysteine could be beneficial in limiting seizure activity and improving the anticonvulsant efficacy of GABA-mediating drugs such as diazepam. Bucillamine is a significantly more effective antioxidant than NAC and has the potential to provide increased efficacy against seizure activity while limiting the anticoagulant and bleeding event liability observed with NAC. If promising, further studies will be conducted to facilitate Health Canada approval for the use of Bucillamine in nerve agents or organophosphate pesticide poisoning and potentially begin initial studies for efficacy against mild traumatic brain injury caused by concussive or explosive forces.
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GFAI | Hot Stocks07:07 EDT Guardforce AI subsidiary secured three-year contract with Japanese retailer - Guardforce AI announced that its subsidiary, Guardforce Cash Solutions Security, has secured a three-year contract with a leading Japanese retailer that was a pre-existing client for its end-to-end cash management solutions, further strengthening the Company's leading position in Thailand. The end-to-end cash management solution in this contract renewal includes Guardforce Digital Machine, Cash-in-Transit, Cash Processing Centre, and Change Fund services across four locations in Bangkok, Thailand. Kee Yun Kwan, Chief Operating Officer of Guardforce AI, stated, "We appreciate our client's support over the few past years. Retail clients are one of our prime customers for our secured logistics solution since retail clients have a relatively large demand for cash processing and require quick and accurate cash counting and trackable digital records. We're the only company in Thailand that provides complete end-to-end cash management solutions, and this contract further strengthens our footprint in Thailand. By maintaining solid relationships with our clients, it allows us to cross-sell additional products such as robotics and other security services."
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DNA | Hot Stocks07:07 EDT Ginkgo Bioworks and Persephone Biosciences complete Bacteroides toolkit - Ginkgo Bioworks and Persephone Biosciences, a synthetic biology company reimagining patient health through the microbiome, completed their first collaboration together, a Bacteroides engineering toolkit. Under the collaboration, both Persephone and Ginkgo have access to this reusable toolkit. Persephone will utilize the technology to develop a pipeline of microbiome therapeutics, and Ginkgo can use the technology as part of its broader platform offering for future customers. The technology comprises a set of generalizable genetic tools which can facilitate rapid Bacteroides engineering, including in the high-throughput anaerobic engineering context. While Persephone plans to utilize the Bacteroides technology for the rapid generation of therapeutics from its planned and ongoing oncology biomarker studies, Ginkgo may leverage the toolkit to address a range of customer needs and applications, including for customers developing microbiome based therapeutics.
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VERI | Hot Stocks07:06 EDT DOJ awards Veritone sole-contractor blanket purchase agreement at $15M - Veritone announced it has been selected by the U.S. Department of Justice DOJ for a $15M Blanket Purchase Agreement, allowing all DOJ agencies to easily purchase Veritone software and services. Veritone will provide AI-powered software and professional services to rapidly transcribe, translate, locate, redact and extract critical evidence during early case assessment...This agreement follows the 2021 announcement detailing the expanded availability of aiWARE for all agencies of the DOJ, based on its enterprise-wide ATO or Authority to Operate, from the FedRAMP authorization board for its aiWARE Government platform deployed on both Microsoft Azure Government and AWS GovCloud environments. Historically, the DOJ has been procuring the Veritone solutions through Solutions for Enterprise-Wide Procurement contracts on an agency-by-agency basis. Additionally, the DOJ can leverage Veritone partners, including Deloitte, CACI, PAE, and Leidos, each of which holds a position on the DOJ's $1.5B automated litigation support contract. Veritone's relationships with these key partners provide the DOJ with access to Veritone's world-class AI technology and services for task orders placed under the $1.5 B contract as well.
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BMR | Hot Stocks07:06 EDT Beamr Imaging CEO says 2023 has been 'pivotal, productive' year - Beamr issued a Letter to Shareholders from Sharon Carmel, CEO, which read in part, "I am happy to update you on our Q3 2023 activities and progress. 2023 has been a pivotal and productive year for Beamr which resulted in several significant achievements. Beamr has made very good progress in its Q3 activities both in its existing business and with building the new Beamr SaaS at a very fast pace. From Q1 through Q3 2023, we have generated approximately $1.4M in revenues compared with $1.2M in Q1 through Q3 2022, and as of September 30, 2023, we had $5.4M of cash and cash equivalents. We believe that our annual revenue for the year ended 2023 will be similar to its 2022 revenues and expect a ramp up in revenues in 2024 with the anticipated announcements of the launching of our new Beamr SaaS in Q1 2024. At the same time, we are carefully managing our day-to-day operational expenses and taking steps to ensure that we remain in a healthy financial position throughout 2024. Beamr can share that in Q3 2023, we signed up another one of the top five largest media companies in the world to provide our video compression and optimization technology and solutions to its products and that following such agreement, Beamr is now working with three of the top five largest media companies in the world. We believe that this is a testimony of our leadership in video compression and optimization solutions. As for the new Beamr SaaS, we are happy to share that we are on track with launching the SaaS in Q1 of 2024. During Q3 2023, we launched our second Beta with APIs enabling large scale clients to use the Beamr SaaS at scale for video optimization. In Q3 2023, we also signed with a distributor in Japan that we believe will accelerate our access to the Japanese market with our Beamr SaaS. In addition, our collaboration with Nvidia continues with both technology integration and on business development fronts. We are moving very fast with building our new Beamr SaaS and expect in the coming months to release more news about our upcoming new Beamr SaaS with new capabilities and additional collaborations that will help us prepare for the official launch in 2024. In addition, we are expanding our sales and marketing capabilities in preparation to the Q1 2024 launch."
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ALGM BMWYY | Hot Stocks07:06 EDT Allegro MicroSystems, BMW collaborate on high-efficiency traction inverters - Allegro MicroSystems (ALGM) announced that BMW Group (BMWYY) has selected Allegro as the sole Current Sensor IC supplier for BMW Group's traction inverter systems used across the company's entire fleet of Battery Electric Vehicles. "For more than two decades, Allegro has worked closely with leading automotive customers to develop innovative, high-performance Magnetic Sensors that help increase the power density and improve the efficiency of power electronic systems used in electric vehicles," said Michael Doogue, Allegro's Chief Technology Officer. "We appreciate our strong relationship with the BMW Group, whose innovative mindset, focus on high performance, and technical insights positively influence Allegro's technology and product roadmaps. Our expertise in Hall, TMR, coreless technologies and Automotive Safety Integrity Level rated sensors enables our customers to meet their design targets and accelerate their time to market."
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KKR | Hot Stocks07:04 EDT KKR to invest in Catalio Capital Management - KKR announced an agreement to invest in Catalio Capital Management, a multi-strategy investment firm focused on biomedical technology and health care companies. The addition of new capital is expected to accelerate Catalio's growth trajectory and talent acquisition, as well as anchor its investment strategies. Pursuant to the agreement, KKR is acquiring a minority economic stake in Catalio and will invest in Catalio's funds.
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GLUE RHHBY | Hot Stocks07:04 EDT Monte Rosa Therapeutics announces strategic collaboration with Roche - Monte Rosa Therapeutics (GLUE) announced it has entered into a strategic collaboration and licensing agreement with global healthcare leader Roche (RHHBY) to discover and develop MGDs against targets in cancer and neurological diseases previously considered impossible to drug. "We are excited to partner with Roche, a leading healthcare and one of the world's top oncology companies. Our QuEEN discovery engine, a highly validated and industry-leading molecular glue degrader platform, has been the cornerstone for Monte Rosa's success, driving the discovery and development of our exquisitely selective MGDs successfully into the clinic. This collaboration will enable and accelerate expansion of our platform into neuroscience and additional areas of oncology. We believe our decision to partner with Roche, a company that shares our vision and drive, will amplify our collective strengths and capabilities to accelerate the development of transformative treatments for patients across several indications," said Markus Warmuth, M.D., CEO of Monte Rosa Therapeutics. Under the terms of the agreement, Monte Rosa Therapeutics will receive an upfront payment of $50M, and is eligible to receive future preclinical, clinical, commercial and sales milestone payments that could exceed $2B, as well as tiered royalties. The parties also agreed on a mechanism to expand the collaboration on multiple targets within the first two years. In that case, additional payments for nomination, preclinical, clinical, commercial and sales milestones are due, as well as tiered royalties on the resulting products.
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NKTX | Hot Stocks07:04 EDT Nkarta opens new cohort in Phase 1 study of NKX019 - Nkarta announced the opening of a new cohort in its Phase 1 study of NKX019 in r/r NHL. The new cohort introduces a compressed dosing schedule, where patients receive NKX019 doses on Days 0, 3 and 7 following standard LD with flu and cy. In previous cohorts, NKX019 has been administered on Days 0, 7 and 14 following LD. This schedule is designed to intensify exposure to NKX019 in the first week after LD, when internal data suggest that NKX019 exposure is highest. The new cohort will target patients with large B-cell lymphoma , including those who have received prior CD19-directed CAR-T cell therapy. Nkarta may also use data from this cohort to inform future dosing strategies across its platform. In December 2022, Nkarta announced the opening of three dose expansion cohorts to evaluate NKX019 monotherapy and NKX019 in combination with rituximab in patients with LBCL. Preliminary results from these cohorts did not meet Nkarta's expectations, based on the clinical experience of NKX019 in the dose finding portion of the Phase 1 study. As a result, Nkarta is no longer enrolling patients in these dose expansion cohorts. Preliminary data from the dose compression cohort are expected mid-2024. Nkarta plans to evaluate the results from this cohort before committing additional resources to the NHL program.
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NKTX | Hot Stocks07:03 EDT Nkarta announces cost containment measures to extend cash runway - Nkarta announced cost containment measures designed to extend its projected cash runway by one year into 2026, funding its operations well beyond the multiple clinical data updates expected in 2024. Nkarta estimates that, as of September 30, 2023, it had cash, cash equivalents, restricted cash, and investments of $278.4 million. This figure is preliminary and subject to completion of Nkarta's financial closing procedures. The decrease in forecasted spend includes a reduction in and re-allocation of headcount combined with a stringent cap on future headcount growth, planned centralization of operations to a single location and early success in the optimization of Nkarta's manufacturing platform. The company expects to announce clinical updates from its three pipeline programs in 2024: NKX101 in the first half of 2024, NKX019 in mid-2024 and NKX019 in 2024. Nkarta will evaluate options to advance each program with additional investment on the basis of those data readouts.
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GLUE | Hot Stocks07:03 EDT Monte Rosa Therapeutics announces interim PK/PD, clinical data for MRT-2359 - Monte Rosa Therapeutics, a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines, today announced interim data from the Phase 1 dose escalation part of its ongoing Phase 1/2 open-label, multicenter study of MRT-2359 in patients with MYC-driven solid tumors, including lung cancers and high-grade neuroendocrine cancer. Interim clinical data from the MRT-2359 study have demonstrated favorable tolerability, pharmacokinetic, and pharmacodynamic profiles in heavily pre-treated patients with lung cancers and high-grade neuroendocrine cancer. In addition, MRT-2359 has been observed to significantly reduce GSPT1 protein levels in patient tumors and has shown evidence of tumor size reductions, including partial responses, in heavily pretreated patients with biomarker-positive tumors. Summary of available study results: As of the analysis cutoff date of September 7, 2023, 21 patients had been dosed, with 15 of the 21 patients evaluable for efficacy. Optimal PD modulation of GSPT1 by MRT-2359 was observed at all dose levels, consistent with its designed activity based on preclinical studies. Following MRT-2359 dosing, approximately 60% reduction in GSPT1 protein expression was observed in peripheral blood mononuclear cells and tumor tissue biopsies. Similar levels of degradation were observed across all dose levels, suggesting saturated PD responses from 0.5 mg to 2 mg and supporting that pharmacodynamically, 0.5 mg is a fully active dose. Of the 15 evaluable patients that have been administered MRT-2359 across three dose cohorts, six were identified as biomarker-positive in indicated tumor types, specifically N-MYC high non-small cell lung cancer adenocarcinoma, L-/N-MYC high small cell lung cancer, L-/N-MYC high-grade neuroendocrine tumors and neuroendocrine tumors of the lung. Clinical activity was seen across all dose levels. The MRT-2359 safety profile supports further clinical development, with no signs of hypotension, cytokine release syndrome or clinically significant hypocalcemia observed at any dose level, all of which have been reported as safety limitations of other GSPT1 degraders. The 0.5 mg and 1 mg dose levels resulted in Grade 1 or 2 treatment-related adverse events only. At the 2 mg dose level, Grade 4 thrombocytopenia and Grade 4 neutropenia were observed, findings consistent with preclinical toxicology studies. No patients discontinued treatment due to AEs at any dose level, and the Grade 4 AEs observed at the 2 mg dose were transient and resolved with dose reductions.
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NKTX | Hot Stocks07:02 EDT Nkarta receives FDA clearance of IND application for NKX019 - Nkarta announced the clearance of an Investigational New Drug application by the U.S. Food and Drug Administration to evaluate NKX019, its allogeneic, CD19-directed CAR NK cell therapy candidate, for the treatment of lupus nephritis. The multi-center, open label, dose escalation clinical trial will assess the safety and clinical activity of NKX019 in patients with refractory LN. Patients will receive a three-dose cycle of NKX019 at 1 billion or 1.5 billion cells per dose on Days 0, 7 and 14 following lymphodepletion with single agent cyclophosphamide, an agent with an established safety profile in SLE and LN. The study is designed to enroll up to 12 patients, with the first patient expected to be enrolled in the first half of 2024.
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CYN | Hot Stocks07:01 EDT Cyngn issued new patent for autonomous vehicle and driving solutions - Cyngn announced the issuance of a new patent, US-11767034-B2, for the company's autonomous vehicle and driving solutions. This new patent protects the system and method of computation acceleration for autonomous driving systems. Since August, the company has announced six additional patents as a result of its proprietary technology. Common themes of the patents include flexible vehicle sensor systems, multi-channel sensing and obstacle detection, computation acceleration, and adaptive systems that leverage real-world and simulated data. The acquisition of these additional patents brings the company's total U.S. patents to 16, further solidifying its position as a leader in the autonomous industrial sector.
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BAC | Hot Stocks06:53 EDT Bank of America says U.S. consumer spending continuing to slow - The company said, "Our teammates delivered another strong quarter. We generated $7.8 billion in earnings, up 10 percent from the third quarter a year ago. We added clients and accounts across all lines of business. We did this in a healthy but slowing economy that saw US consumer spending still ahead of last year but continuing to slow. Our growth in revenue and earnings allowed us to continue our investments in our people and technology to drive an enhanced client experience."
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BRO | Hot Stocks06:47 EDT Brown & Brown acquires assets of Pacific Underwriters - Brown & Brown announced that a subsidiary has acquired substantially all of the assets of Pacific Underwriters. With roots dating back to 1941, Pacific Underwriters acts as a program manager on behalf of certain public utility insurance risk pools in the State of Washington and also offers insurance solutions for dental practitioners in the Pacific Northwest. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing Seattle, Washington location as part of Brown & Brown's National Programs segment.
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MRK | Hot Stocks06:46 EDT Merck receives positive EU CHMP opinion for PREVYMIS - Merck announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has recommended the approval of PREVYMIS for prophylaxis of cytomegalovirus disease in adult kidney transplant recipients at high risk. The CHMP has also recommended the approval for extending dosing for PREVYMIS from 100 days to 200 days following transplant in adult CMV-seropositive recipients of an allogeneic hematopoietic stem cell transplant who are at risk for late CMV infection and disease. The CHMP's recommendations will now be reviewed by the European Commission for marketing authorization in the European Union and a final decision is expected this year.
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CHH WH | Hot Stocks06:34 EDT Choice proposes to acquire Wyndham for $90.00 per share in cash, stock deal - Choice Hotels (CHH) announced a proposal to acquire all the outstanding shares of Wyndham Hotels & Resorts (WH) at a price of $90.00 per share, payable in a mix of cash and stock. Under Choice's proposal, the $90.00 per share to be received by Wyndham shareholders would consist of $49.50 in cash and 0.324 shares of Choice common stock for each Wyndham share they own. Choice's proposal represents a 26% premium to Wyndham's 30-day volume-weighted average closing price ending on October 16, an 11% premium to Wyndham's 52-week high, and a 30% premium to Wyndham's latest closing price. In addition, Choice's proposal includes a cash or stock election mechanism, which would provide Wyndham shareholders with the ability to choose either cash, stock, or a combination of cash and stock consideration, subject to a customary proration mechanism. The proposal implies a total equity value for Wyndham of approximately $7.8B on a fully diluted basis. With the assumption of Wyndham's net debt, the proposed transaction is valued at approximately $9.8B. Choice is making its latest proposal public following Wyndham's decision to disengage from further discussions with Choice, following nearly six months of dialogue. Closing of the contemplated transaction would be subject to satisfaction of customary closing conditions, including receipt of required shareholder and regulatory approvals. Choice would not make this offer if it were not confident that its franchisees and guests would embrace the proposed combination and that the transaction would receive applicable regulatory approvals in due course. The cash portion of the purchase price is expected to be funded with a combination of cash on hand, as well as proceeds from the issuance of debt securities. Choice is confident in its ability to obtain fully committed financing based on indications from two separate bulge bracket global banks for the entire cash portion of our proposal. Strong free cash flows will allow for continued investments in the proforma business and rapid deleveraging of the balance sheet.
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CHH WH | Hot Stocks06:32 EDT Choice Hotels proposes to acquire Wyndham Hotels & Resorts for $90.00 per share
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PSN | Hot Stocks06:27 EDT Parsons awarded two U.S. Army contracts - Parsons was awarded a contract by the U.S. Army Corps of Engineers Honolulu District to provide the design-build delivery of new U.S. Army housing units in the Kwajalein Atoll in the Republic of the Marshall Islands. The three-year, $44M single-award ceiling value contract is new work for the company. The company also announced the selection for a task order award with a ceiling value of $27M over five years from the U.S. Army Engineering and Support Center, Huntsville for remediation and construction support services in Guam. This is new work for the company.
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GMAB JNJ | Hot Stocks06:24 EDT Genmab reports Q3 worldwide net sales of DARZALEX $2.499B - Genmab (GMAB) announced that worldwide net trade sales of DARZALEX, including sales of the subcutaneous product, as reported by Johnson & Johnson (JNJ) were $2.499B in the third quarter of 2023. Net trade sales were $1.369B in the U.S. and $1.130B in the rest of the world. Genmab receives royalties on the worldwide net sales of DARZALEX, both the intravenous and SC products, under the exclusive worldwide license to Janssen to develop, manufacture and commercialize daratumumab.
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EE PBR | Hot Stocks06:02 EDT Excelerate Energy and Petrobras sign 10-year charter for FSRU Sequoia - Excelerate Energy (EE) and Petrobras signed a ten-year contract to charter the floating storage and regasification unit - FSRU - Sequoia which will commence on January 1, 2024. Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal - TR-BA - in Salvador, Bahia.
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BBY | Hot Stocks06:02 EDT Best Buy announces Black Friday deals for everyone start October 30 - Best Buy announced its full lineup of can't-miss holiday shopping dates, beginning with Black Friday Early Access for Members on Oct. 27 and Early Black Friday Deals for Everyone on Oct. 30.
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KBR | Hot Stocks06:02 EDT KBR awarded $75M DoD contract task order - KBR was awarded a $75M, five-year recompete task order to perform research and analysis to address the Department of Defense, or DoD, critical technology areas of advanced materials, trusted artificial intelligence (AI) and autonomy, and renewable energy generation and storage. KBR was awarded this task order under the DoD Information Analysis Center, or IAC, Multiple Award Contract, or MAC, vehicle. This is a significant recapture of Project Manager Transportation Systems, or PMTS, Family of Vehicles, or FoV, Analysis IAC MAC contract. This win substantially strengthens KBR's growth initiative focusing on ground vehicle systems and represents more than 80% growth from the previous task order. Under the terms of the contract, KBR will provide research and development for engineering, new product design and development, logistics and reliability improvements, and obsolescence and diminishing sources of manufacturing and supply.
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PTON | Hot Stocks05:55 EDT Peloton expands into Austria - Peloton announced its expansion into Austria, its fifth market outside the US. Beginning immediately, the Peloton Bike, Bike+, and select accessories will be available to purchase in Austria through its expanded relationship with Amazon. Sport-Tiedje, the largest specialist retailer for home fitness equipment in Europe, will sell Peloton Bike, Bike+, Tread, and select accessories.
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MBWM | Hot Stocks05:50 EDT Mercantile Bank CEO Robert Kaminski to retire, Raymond Reitsma to succeed - The board of directors of Mercantile Bank announced that president and CEO Robert Kaminski intends to retire effective June 1, 2024. Kaminski will remain on the board of directors. In conjunction with Kaminski's retirement, Raymond Reitsma will be appointed president and CEO of Mercantile effective June 1, 2024. Reitsma will continue to serve in his current role as executive VP and COO until June 1, 2024.
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TEVA | Hot Stocks05:22 EDT Teva announces UNITE study data at World Congress of Neurology - Teva announced that data from the UNITE study presented at the World Congress of Neurology in Montreal, Canada, show that Ajovy reduced migraine attacks and depression symptoms in migraine patients with major depressive disorder. Ajovy is currently approved for the preventive treatment of migraine in adults. UNITE6 is a double-blind, randomized, placebo-controlled, Phase 4 study sponsored by Teva investigating the efficacy, safety, and impact of fremanezumab on patients with migraine and major depressive disorder. Data revealed in an oral presentation by Verena Ramirez Campos, global senior medical director at Teva, showed that patients in the study treated with fremanezumab experienced a significant reduction in Monthly Migraine Days, or MMD, compared to patients on placebo, a reduction in MMD of -5.1 vs -2.9 for fremanezumab vs placebo. Furthermore, a significantly higher number of patients receiving fremanezumab achieved greater than or equal to 50% reduction in MMD compared to placebo during the 12 week double blind period, with a sustained reduction over the longer-term. Two further data sets were presented as posters on the study's secondary endpoints that evaluated the impact of fremanezumab on depression8 and disability. Treatment with fremanezumab resulted in significant reductions in depression symptoms as measured by two commonly used depression rating scores. The mean change at week 12 for fremanezumab and placebo using the Hamilton Rating Scale for Depression was -6.7 vs -5.4 respectively and using the Patient Health Questionnaire-9 score was -7.8 vs -6.3 respectively. Furthermore, fremanezumab demonstrated clinically meaningful improvements in disability outcomes in the study patients with a sustained reduction in their disability over the longer term. The mean change at week 12 for fremanezumab and placebo using the Headache Impact Test score was -8.8 vs -5.2 respectively, and using the Clinical Global Impression-Severity score was -1.1 vs -0.8 respectively. These results indicate that fremanezumab has the potential to reduce the symptoms and cumulative burden of migraine and associated depression.
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MQ | Hot Stocks05:07 EDT Marqeta, Scalapay enter five year exclusive contract - Marqeta announced a new partnership with Scalapay, Southern Europe's BNPL provider, to leverage Marqeta's platform to issue cards both online and in-store. Marqeta and Scalapay have signed a five year exclusive contract, where Marqeta will issue virtual cards for online and in-person transactions, creating a more seamless payments experience for both merchants and consumers.
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