Stockwinners Market Radar for February 05, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RXRX | Hot Stocks20:05 EST Cathie Wood's ARK Investment bought 204K shares of Recursion Pharmaceuticals
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HOOD | Hot Stocks20:04 EST Cathie Wood's ARK Investment bought 201K shares of Robinhood today
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NTLA | Hot Stocks20:04 EST Cathie Wood's ARK Investment bought 131K shares of Intellia Therapeutics today
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TSLA | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 62.1K shares of Tesla today
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PCOR | Hot Stocks19:54 EST Procore CEO sells $4.85M in common stock - In a regulatory filing, Procore disclosed that its CEO Craig Courtemanche sold 68 K shares of common stock on February 1st in a total transaction size of $4.85M.
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SUNW | Hot Stocks19:50 EST Sunworks trading halted, news pending
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ITCI | Hot Stocks19:30 EST Intra-Cellular CEO sells $2.27M in common stock - In a regulatory filing, Intra-Cellular disclosed that its CEO Sharon Mates sold 33.9K shares of common stock on February 2nd in a total transaction size of $2.27M.
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FROG | Hot Stocks19:28 EST JFrog CEO sells $4.33M in common stock - In a regulatory filing, JFrog disclosed that its CEO Ben Shlomi sold 123.7K shares of common stock on February 2nd in a total transaction size of $4.33M.
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SGMO | Hot Stocks18:06 EST Sangamo announces updated Phase 1/2 STAAR study data in fabry disease - Sangamo Therapeutics announced updated preliminary data from the Phase 1/2 STAAR clinical study evaluating isaralgagene civaparvovec, or ST-920, a wholly owned gene therapy product candidate for the treatment of Fabry disease. In the largest known clinical gene therapy program in Fabry disease to date, data from 24 patients continued to show durable safety and preliminary efficacy data as of the data cutoff date, which continue to underscore the potential of isaralgagene civaparvovec as a single-dose treatment option for Fabry disease. These data will be shared at the 20th Annual WORLDSymposium in San Diego, CA on Wednesday, February 7, 2024, via an oral presentation in the Clinical Applications session from 8:00-9:00 a.m. P.T. and a poster presentation from 3:00-5:00 p.m. P.T. These data will also be available on Sangamo's website on the Presentations page. "Despite the availability of ERT and chaperone therapies, Fabry disease treatment is burdensome, with some patients still developing disease progression. To date, ST-920 has been well-tolerated, and the preliminary data showing sustained supraphysiologic alpha-Gal A activity and the ability to discontinue and remain off ERT are promising," said Dr. Robert Hopkin, M.D., Cincinnati Children's Hospital Medical Center, and investigator of the Phase 1/2 STAAR study. "The early improvements reported in disease severity, quality of life and gastrointestinal symptoms, together with evidence of reduced immunogenicity, illustrate the potential of ST-920 as a treatment option for adults with Fabry disease."
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PTEN | Hot Stocks18:02 EST Patterson-UTI reports average of 122 drilling rigs in U.S. in January - Patterson-UTI reported that for the month of January 2024, the company had an average of 122 drilling rigs operating in the United States.
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OTTR | Hot Stocks18:01 EST Otter Tail increases dividend 6.9% to 46.75c - Otter Tail announced the Board of Directors increased the company's quarterly common stock dividend to 46.75c per share. The increase brings the annual indicated dividend rate to $1.87 per share, a 12c, or 6.9%, increase over the 2023 rate. The increase is in line with our stated long term earnings growth rate of 5% to 7%. 2024 will mark the 86th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 8 to shareholders of record on February 15.
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WOLF | Hot Stocks17:39 EST Wolfspeed directors buy $767K in common stock - In regulatory filing, Wolfspeed disclosed that its directors Stacy Smith, John Replogle and Darren Jackson bought 9.5K, 10K and 10K shares of common stock on February 2nd in respective transactions of $249K, $260K, and $258K. Shares are up 1% afterhours at $25.57.
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COHR | Hot Stocks17:34 EST Coherent sees FY24 debt repayment of $225M-$275M - Compared to approximately $200M previously.
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COHR | Hot Stocks17:33 EST Coherent reports Q2 adjusted gross margin 36% - At the midpoint of company's 35%-37% guidance and a 120 bp sequential increase.
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LGIH | Hot Stocks17:28 EST LGI Homes closed 225 homes in January - LGI Homes "announced it closed 225 homes in January 2024. As of January 31, 2024, the Company had 113 active selling communities."
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PED | Hot Stocks17:26 EST Pedevco receives approval in Colorado for Roth 2-11 OGDP - PEDEVCO announced that it received approval on January 31, from the Colorado Energy and Carbon Management Commission, or ECMC, of the Company's Roth 2-11 Oil and Gas Development Plan, or OGDP, which covers 2,560 acres and up to 11 horizontal Niobrara wells in Weld County, Colorado. The Company plans to commence drilling operations in Q2, with initial production anticipated in the second half of 2024.
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GSK | Hot Stocks17:22 EST GSK presents phase 3 trial data for Blenrep in r/r multiple myeloma. - GSK "announced results from an interim analysis of the DREAMM-7 phase III head-to-head trial evaluating Blenrep combined with bortezomib plus dexamethasone versus daratumumab plus BorDex in second-line and later treatment of relapsed or refractory multiple myeloma. These data will be presented at the American Society of Clinical Oncology Plenary Series on 6 February 2024. In the primary endpoint of progression-free survival, a statistically significant and clinically meaningful improvement was observed with the belantamab mafodotin combination, showing a 59% reduction in the risk of disease progression or death compared to the daratumumab combination. With a median follow-up of 28.2 months, the median PFS was 36.6 months in the daratumumab combination. The PFS effect was observed across all prespecified subgroups, including those who were refractory to lenalidomide and those with high-risk cytogenetics. The safety and tolerability profile of the belantamab mafodotin combination was consistent with the known profile of the individual agents. The belantamab mafodotin combination also resulted in clinically meaningful improvements in all secondary efficacy endpoints including a doubling of complete response rate (stringent complete response plus complete response), minimal residual disease negativity rate and median duration of response. A strong and clinically meaningful overall survival trend was observed at the interim analysis, with a 43% reduction in the risk of death, which has not yet reached the interim criteria for statistical significance of OS. OS follow-up continues and further analyses are planned." Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: "The substantial progression-free survival benefit and strong overall survival trend compared to a daratumumab standard of care combination reinforce our belief in the potential for belantamab mafodotin used in combination to redefine the treatment of multiple myeloma at or after first relapse. We plan on sharing these results with health authorities worldwide."
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BFRI | Hot Stocks17:20 EST Biofrontera announces FDA issued letter regarding sNDA for Ameluz - Biofrontera announced that the FDA has issued a "no filing review issues identified" letter regarding the sNDA, or supplementary New Drug Application submitted by its licensor Biofrontera Bioscience to increase the maximally approved dosage from one to three tubes of Ameluz per treatment. FDA has completed its filing review and will begin its substantive review of Biofrontera's communication. The sNDA is supported by two clinical phase I studies investigating the safety of the application of three tubes of Ameluz. The studies showed that after application of three tubes the blood concentrations of the active ingredient and the metabolite are transiently increased but they were several magnitudes below those at which side effects are known to occur. The systemic and application site adverse events were similar to those observed with one tube of Ameluz(R), with patients frequently experiencing a transient inflammatory response at the application site and pain during illumination that was managed by a cooling air stream.
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VLRS | Hot Stocks17:06 EST Volaris reports January load factor 88.0% vs. 82.2% last year - Controladora Vuela Compania de Aviacion, S.A.B. de C.V., the ultra-low-cost carrier serving Mexico, the United States, Central, and South America, reports its January 2024 preliminary traffic results. In January 2024, Volaris' ASM capacity decreased by 10.7% year-over-year, while RPMs decreased by 8.9%; the result was a load factor increase of 1.8 pp YoY to 88.0%. Volaris transported 2.5 million passengers during the month, a 13.0% decrease compared to January 2023. Mexican domestic RPMs decreased by 20.1%, while international RPMs increased by 15.1%. CEO Enrique Beltranena said: "The GTF engine accelerated inspections have resulted in a significant reduction in ASMs, particularly within the Mexican domestic market. This reduction has been balanced by increased capacity in international markets following Mexico's Category 1 upgrade by the United States' Federal Aviation Administration, or FAA. Consequently, the reallocation of capacity has led to improvements in load factors within the Mexican domestic market and robust transborder traffic between Mexico and the U.S. As highlighted last month, unit revenue growth continues to show strong performance. The shift in trend in total unit revenue that started in the fourth quarter of 2023 was sustained in January 2024. Our booking curves suggest that this positive trend will continue for the upcoming months, in line with our 2024 guidance."
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KR | Hot Stocks17:05 EST Kroger CFO Millerchip to step down - Kroger announced that Gary Millerchip is stepping down as senior vice president and chief financial officer to assume an executive role at another public company. Todd Foley, group vice president, corporate controller and chief accounting officer, has been appointed interim chief financial officer, effective today. The Company will name a CFO successor at a later date. "Todd is a proven leader who has served in key finance roles and has contributed meaningfully to Kroger's growth and transformation over more than 20 years," said Rodney McMullen, Kroger's chairman and CEO. "Todd is the right person to take the helm and will step in seamlessly to continue advancing our value creation model and maintain a strong financial framework for our company as we plan ahead for our pending merger with Albertsons. At Kroger, we are fortunate to benefit from an incredibly deep bench of talent across our finance team and all levels of our organization as we continue to execute our strategy and generate sustainable returns for our shareholders."
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SPCE | Hot Stocks17:02 EST Virgin Galactic notifies a flight issue to FAA - Virgin Galactic Holdings announced that during routine post-flight reviews following its most recent spaceflight, 'Galactic 06,' the Company became aware that an alignment pin detached from the launch pylon of our mothership, VMS Eve, during flight. The Company notified the Federal Aviation Administration, or FAA, on January 31 in accordance with regulations and is conducting a review in conjunction with the FAA. 'Galactic 06' was a safe and successful flight that was conducted in accordance with Virgin Galactic's rigorous flight procedures and protocols. The alignment pin and shear pin fitting assembly performed as designed during the mated portion of the flight, and only the alignment pin detached after the spaceship was released from the mothership. Virgin Galactic will provide a further update at the completion of the review and will confirm the flight window for the 'Galactic 07' mission, which is planned for the Q2.
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BTBT... | Hot Stocks17:01 EST Bit Digital produces 145.7 BTC in January, down 14% from prior month - Bit Digital announced its unaudited digital asset production and corporate updates for the month of January 2024. In January 2024, the company produced 145.7 BTC, a 14% decrease compared to the prior month. The company's active hash rate was approximately 2.50 EH/s as of January 31, 2024. Treasury holdings of BTC and ETH were 739.2 and 18,072.2 with a fair market value of approximately $31.4 million and $41.3 million, respectively, on January 31, 2024. The BTC equivalent of the company's digital asset holdings as of January 31, 2024, was approximately 1,739.0 or approximately $74.0 million. The company had cash and cash equivalents of $22.6 million as of January 31, 2024.
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NVS MOR | Hot Stocks16:59 EST Novartis to acquire MorphoSys for EUR 68 per share, or aggregate of EUR 2.7B - Novartis (NVS) announced that it has entered into an agreement to make a voluntary public takeover offer to acquire MorphoSys AG (MOR), a Germany-based, global biopharmaceutical company developing innovative medicines in oncology. The acquisition, which is subject to customary closing conditions, including a minimum acceptance threshold of 65% of outstanding shares tendered in the takeover offer and regulatory approvals, further expands and complements Novartis pipeline in oncology, one of its priority therapeutic areas, while also enhancing Novartis global footprint in hematology. Upon completion of the acquisition, Novartis will own pelabresib, a novel and potentially practice changing treatment option with a well-tolerated safety profile provided in combination with ruxolitinib for patients with myelofibrosis. It will also include tulmimetostat, an early-stage investigational dual inhibitor of enhancer of zeste homolog 1 and 2 proteins currently being tested in patients with solid tumors or lymphomas. Under the agreed transaction, which has been unanimously approved by the Board of Directors of both companies, Novartis will make a voluntary public takeover offer for all no-par value bearer shares of MorphoSys AG for EUR 68 per share, or an aggregate of EUR 2.7B. The transaction is subject to customary closing conditions, including acceptance of the takeover offer by at least 65% of MorphoSys AG's outstanding shares and receipt of regulatory approvals and is expected to close in the first half of 2024. Until the transaction closes, MorphoSys AG will continue to operate as a separate, independent company.
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NTCO | Hot Stocks16:54 EST Natura &Co to assess potential separation of Natura &Co Latam, Avon - Natura &Co announced that its board of directors has authorized its management to assess a possible separation of Natura &Co Latam and Avon to unlock further shareholder value. A separation would result in two independent, publicly traded beauty companies Natura and Avon with independent governance and management teams. This assessment is consistent with Natura &Co's ongoing strategy of simplifying its corporate structure while providing increased autonomy to its business units and follows the recent divestments of Aesop and The Body Shop. Natura would continue to operate with both brands in the region, so the potential separation would not impact the integration of the brands in Latin America. In turn, Avon would indirectly benefit from the sales in Latin America through a commercial arrangement with Natura, while continuing its operations in other markets outside Latin America. The company said, "There can be no assurance that any separation will ultimately be recommended by the Board of Directors. Completion of a separation would be subject to various conditions, including final approval from the Board of Directors and consent from the majority of shareholders, among others."
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INCY MOR | Hot Stocks16:51 EST Incyte pays MorphoSys $25M for commercialization rights to Monjuvi - Incyte (INCY) announced it has entered into an asset purchase agreement with MorphoSys (MOR) which gives Incyte exclusive global rights for tafasitamab, a humanized Fc-modified CD19-targeting immunotherapy marketed in the U.S. as Monjuvi or tafasitamab-cxix and outside of the U.S. as Minjuvi or tafasitamab. "This new agreement with MorphoSys provides Incyte with exclusive global rights to tafasitamab and full control over its development and commercialization, allowing us to realize significant operating efficiencies and cost synergies," said Herve Hoppenot, Chief Executive Officer, Incyte. In the previous agreement, MorphoSys and Incyte were collaborating and sharing costs for the clinical development and commercialization of tafasitamab in the U.S.; Incyte had exclusive rights outside of the U.S. Under the terms of the new agreement, MorphoSys will receive a payment of $25M from Incyte and Incyte will gain global development and commercialization rights for tafasitamab. Incyte will now recognize revenue and cost for all U.S. commercialization and clinical development and MorphoSys will no longer be eligible to receive future milestone, profit split and royalty payments. The agreement is effective immediately. In addition to its approved indication, tafasitamab is being evaluated as a therapeutic option in ongoing pivotal trials for first-line DLBCL, relapsed or refractory follicular lymphoma FL and relapsed or refractory marginal zone lymphoma MZL .
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IVAC | Hot Stocks16:50 EST Intevac says not providing Q1 revenue guidance - Says expects to end 2024 with similar cash position to 2023. Says experienced persistent delay in collections from large customer. Says expects Trio negotiations to be complete by this quarter. Says in the middle of negotiating a sales and purchase agreement.
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CHX | Hot Stocks16:39 EST ChampionX increases quarterly dividend 12% to 9.5c per share - ChampionX also announced that its board of directors has declared an increased regular quarterly dividend of 9.5c per share on the company's common stock, par value 1c per share, to be paid on April 26 to shareholders of record on April 5.
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CCK | Hot Stocks16:39 EST Crown Holdings falls 11% to $78.75 after Q4 results, FY24 outlook miss estimates
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CHX | Hot Stocks16:37 EST ChampionX to increase share repurchase program by $750M - ChampionX announced that its board of directors approved an increase to its share repurchase program. Pursuant to such increase, ChampionX is authorized to repurchase up to $1.5B of its outstanding common stock, representing an increase of $750M to the share repurchase program previously increased on October 24, 2022. The increased share repurchase authority is effective immediately. ChampionX repurchased $118M of its outstanding common stock during the fourth quarter of 2023, with a total of $457M repurchased under the share repurchase program since its inception, implying a remaining authorization of over $1B, incorporating this announcement.
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CANO | Hot Stocks16:37 EST NYSE suspends trading in Cano Health and begins delisting process - Cano Health announced that on February 5, the NYSE notified the Company that the NYSE had determined to commence proceedings to delist the Company's Class A common stock, par value $0.01 per share and immediately suspend trading in the Company's Common Stock pursuant to Section 802.01D of the NYSE Listed Company Manual after the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 4. The NYSE will apply to the SEC to delist the Company's Common Stock upon completion of all applicable procedures. The Company does not intend to appeal the NYSE's determination and therefore expects that its Common Stock will be delisted from the NYSE. The Common Stock is expected to continue trading on the OTC market under the symbol "CANOQ."
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GMED | Hot Stocks16:33 EST Globus Medical promotes Keith Pfeil as COO and Chief Financial Officer - Globus Medical announced the promotion of Keith Pfeil as chief operating officer COO and chief financial officer CFO.Having served as the Company's CFO since August 2019, in this expanded role, Pfeil will help further drive the Company's strategic roadmap through business and operational planning as well as financial performance management. He will oversee all day-to-day operational activities of the corporation for successful attainment of yearly business plans, ensuring strong growth and profit, in addition to overseeing all finance activities and representing the organization to external stakeholders.
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MGM | Hot Stocks16:33 EST BetMGM's newly designed sports betting App launches in Nevada - BetMGM's newly designed mobile sports betting app is now live in Las Vegas. Powered by Entain, the newly designed BetMGM Nevada app offers sports fans significant enhancements to the mobile sports betting experience including an exponential increase in prop and parlay wager options, live streaming capabilities, digital deposits and withdrawals.
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PINC | Hot Stocks16:32 EST Premier completes strategic review process, authorizes $1B buyback - Premier "announced that the Company's Board of Directors has concluded its exploration of strategic alternatives. As previously announced in May 2023, the Board established an Independent Special Committee to identify, review and explore strategic alternatives to enhance value for stockholders. In consultation with its financial and legal advisors, the Special Committee conducted a comprehensive review of a broad range of potential options, providing its recommendations to the full Board for approval. In July 2023, the Board approved Premier's divestiture of its non-healthcare group purchasing organization operations to unlock substantial value for Premier's stockholders and enhance the Company's focus on its healthcare businesses. The Board and management team considered opportunities for deploying the Company's capital resources, including accelerating returns to stockholders. Based on this review, the Board has approved a new $1.0 billion share repurchase authorization. Repurchases of Premier's Class A common stock under the share repurchase authorization may occur from time to time through June 30, 2025, in open market purchases, privately negotiated transactions, accelerated or other structured repurchase programs or other means, subject to compliance with applicable securities laws and other legal requirements. Under the share repurchase authorization, the Company has entered into an accelerated share repurchase agreement with Bank of America to repurchase an aggregate of $400 million of common stock. Under the terms of the ASR transaction, the Company will make a payment totaling $400 million to Bank of America, and by February 9, 2024, will receive from Bank of America initial deliveries of approximately $320 million in common stock based on the closing price on February 7, 2024. The final settlement of the ASR transaction is expected to be completed in the first quarter of the Company's 2025 fiscal year. The timing, volume and manner of other repurchases, if any, will be determined based on market conditions, the market price of the common stock, applicable legal requirements, potential alternative opportunities for investment of capital and other factors. The authorization as approved by the Board does not require Premier to repurchase any specific number of shares of common stock and may be modified, suspended or discontinued at any time without notice. Premier expects to fund repurchases under the program using cash on hand and available borrowings under the Company's existing credit facility."
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CBOE | Hot Stocks16:31 EST Cboe Global Markets reports January monthly trading volume statistics - Cboe Global Markets reported January monthly trading volume statistics across its global business lines. Reference Link
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JJSF | Hot Stocks16:23 EST J & J Snack Foods says incurred $2.2M in transition cost for NJ facility - "Over the past two years, we have continued to make strategic investments to better support our many growth opportunities and improve our overall operations, including our distribution network and production capabilities. During the quarter, we incurred $2.2M in one-time expenses reflecting transition costs related to the late October opening of our second regional distribution center in New Jersey. While this one-time transition cost impacted fiscal first quarter operating income and distribution expense, our two new distribution centers are exceeding expectations and will enable us to continue driving productivity improvements in our supply chain. "Looking ahead, we expect to build momentum through the balance of the fiscal year as we execute our strategy to grow our core brands, cross-sell the portfolio and expand our customer footprint. The diverse nature of our business, along with the power of our brands and the channel diversity of our products is something that we are confident will continue to serve us well in fiscal 2024 and beyond. Our company has never been more aligned in its vision and strategy, and we are excited about the opportunities ahead of us to deliver long-term value to our employees, partners, and shareholders."
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ILMN | Hot Stocks16:23 EST Illumina chief revenue officer Nadeem Ahmed departs - illumin announced that Nadeem Ahmed, chief revenue officer, is no longer with illumin. The company is in the process of identifying Ahmed's successor, and on an interim basis, his responsibilities will be assumed by Joe Ontman, the company's chief business development officer and co-founder.
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SYM | Hot Stocks16:22 EST Symbotic falls 17% to $41.20 after Q1 results and guidance
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RGTI | Hot Stocks16:19 EST Rigetti Computing awarded SBRI grant funded by NQCC for quantum computer - Rigetti was awarded a Small Business Research Initiative SBRI grant delivered SBRI grant and funded by the National Quantum Computing Centre NQCC to develop and deliver a quantum computer to the NQCC. Rigetti proposes to deploy a 24-qubit quantum computer based on the Company's fourth generation Ankaa class architecture. The system will be deployed at NQCC's Harwell Campus, which is due to open in 2024 and will serve as NQCC's landmark facility to support world-class quantum computing research in the UK. The proposed system will feature the hallmarks of Rigetti's recently launched 84-qubit Ankaa-2 system, including tunable couplers and a square lattice. This new chip architecture enables faster gate times, higher fidelity, and greater connectivity compared to Rigetti's previous generations of quantum processing units QPUs The Ankaa-2 system has achieved a 98% median 2-qubit fidelity, a 2.5x improvement in error performance compared to the Company's previous QPUs, and a 2-qubit gate time of 68 nanoseconds - the shortest gate time demonstrated by a Rigetti QPU.
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SSD | Hot Stocks16:19 EST Simpson Manufacturing sees FY24 operating margin 20.0%-21.5% - Interest expense on the outstanding Revolving Credit Facility and Term Loans, which had borrowings of $75.0M and $410.6M as of December 31, 2023, respectively, is expected to be approximately $7.9M, including the benefit from interest rate and cross currency swaps mitigating substantially all of the volatility from changes in interest rates. Sees FY24 effective tax rate 25.0%-26.0%, including both federal and state income tax rates as well as international income tax rates, and assuming no tax law changes are enacted. sees FY24 capital expenditures $200.0M, which includes $120.0M for the Columbus facility expansion and the new Gallatin fastener facility construction.
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AMKR | Hot Stocks16:19 EST Amkor Technology down 6% at $30.24 after Q4 results, below-consensus guidance
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CCK | Hot Stocks16:19 EST Crown Holdings ceases operations at beverage can facilities in Ho Chi Minh City - During the fourth quarter, the company made the decision to cease operations at its Batesville, Mississippi beverage can plant and Decatur, Illinois aerosol can plant. Additionally, and as part of a manufacturing modernization program, the company has ceased operations at its beverage can facilities in Ho Chi Minh City, Vietnam and Singapore with capacity relocated to the company's new high-speed plant in Vung Tau, Vietnam. These actions will improve operational efficiencies, utilization rates and fixed cost absorption.
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TWO | Hot Stocks16:17 EST Two Harbors CFO Riskey to retire - Two Harbors Investment Corp. announced that Mary Riskey intends to retire from her position as Vice President and Chief Financial Officer of the company. Two Harbors has initiated an external search for a new Chief Financial Officer, and Ms. Riskey plans to continue to serve in her role through August 1, 2024, or until a successor is appointed by the company. "I would like to thank Mary for her many years of unwavering commitment, dedicated service, and outstanding contributions to Two Harbors," stated Bill Greenberg, Two Harbors' President and Chief Executive Officer. "She has been instrumental in our evolution over the years, and will leave an indelible mark on our organization. As Mary embarks on a well-deserved retirement, I want to express my deep gratitude and wish her much happiness in the next chapter of her life."
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LSAK | Hot Stocks16:15 EST Lesaka to acquire Touchsides, terms undisclosed - Lesaka announced that it has signed a definitive agreement to acquire 100% of Touchsides, a data analytics and, insights and merchant services company, from Heineken International B.V. Touchsides has an active base of over 10,000 POS terminals across South Africa's informal licensed taverns, and processes more than 1.5M transactions per day. The business provides platform-as-a-service, or PaaS, and software-as-a-service, or SaaS, solutions to licensed tavern outlets, enabling the measurement of sales activity in real-time, management of stock levels and informing commercial decisions, such as pricing and promotional offers. The acquisition, funded by internal cash generation of the group, is expected to close in March and is subject to satisfaction of customary closing conditions. As part of the acquisition, Heineken's operating business in South Africa has agreed to a long-term renewable contract with Touchsides for access to Touchsides' tavern data and services.
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NXST | Hot Stocks16:14 EST Nexstar adopts policy regarding roles of chair and CEO - Nexstar Media Group announced that its Board of Directors has adopted a policy regarding the roles of Chairperson of the Board of Directors and Chief Executive Officer. Under the policy, the roles of Chairperson of the Board of Directors and Chief Executive Officer of the Company may not be held by the same individual. The new policy will take effect only after Nexstar's Founder, Chairman, and Chief Executive Officer Perry Sook leaves the Company and the Board. Mr. Sook's current employment agreement with Nexstar runs through March 31, 2026, and as of September 30, 2023, he is the Company's third largest shareholder, with holdings of approximately 4.6% of its outstanding shares. The Board believes the adoption of this policy is in the best interests of the Company and its shareholders, as the new policy does not interfere with Mr. Sook's continued leadership of Nexstar and the benefits he brings to the Company, while establishing a plan that provides a runway for the most qualified individuals to serve as Chief Executive Officer and Chairperson in the future.
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SPG | Hot Stocks16:11 EST Simon Property raises dividend 8.3% to $1.95 - Simon's Board of Directors declared a quarterly common stock dividend of $1.95 for the Q1. This is an increase of 15c, or 8.3% year-over-year. The dividend will be payable on March 29, 2024 to shareholders of record on March 8. Simon's Board of Directors declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on March 29, 2024 to shareholders of record on March 15.
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DDOG... | Hot Stocks16:10 EST Datadog names Sara Varni as new Chief Marketing Officer - Datadog (DDOG) announced that Sara Varni is joining as Chief Marketing Officer, effective immediately. Varni brings more than 15 years of marketing experience centered around enterprise software products-including leadership positions at Attentive, Twilio (TWLO) and Salesforce (CRM) to her role at Datadog. Varni was most recently CMO at Attentive.
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DDOG... | Hot Stocks16:08 EST Datadog names Sara Varni as new Chief Marketing Officer Twilio - Datadog (DDOG) announced that Sara Varni is joining as Chief Marketing Officer, effective immediately. Varni brings more than 15 years of marketing experience centered around enterprise software products-including leadership positions at Attentive, Twilio (TWLO) and Salesforce (CRM) to her role at Datadog. Varni was most recently CMO at Attentive.
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CHGG | Hot Stocks16:08 EST Chegg names David Longo CFO - Chegg announced the appointment of David Longo as Chief Financial Officer, effective February 21. Longo currently serves as Vice President, Chief Accounting Officer, Corporate Controller, and Assistant Treasurer at Chegg. He will succeed Andrew Brown, who announced his retirement in the fall of last year, after more than 12 years at Chegg. "David is the perfect candidate to take on the CFO role and I couldn't be more confident in his ability to drive growth and shareholder value," said Dan Rosensweig, CEO and President of Chegg. "David's dynamic and forward-thinking leadership has already played a key role in advancing Chegg's mission of harnessing AI to improve student outcomes." Rosensweig added, "I also want to thank Andy Brown for his innumerable contributions to Chegg over the past 12 years. Andy played a key role in transforming Chegg into the leading student-first connected learning platform. We are deeply grateful for his financial stewardship over the years and wish him all the best in his retirement."
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REXR | Hot Stocks16:06 EST Rexford Industrial raises quarterly dividend 10% to 41.75c per share - The dividend is payable in cash on April 15 to common stockholders and common unit holders of record as of March 28.
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WEAV | Hot Stocks16:05 EST Weave names David McNeil as Chief Revenue Officer - Weave "announced the appointment of David McNeil as Chief Revenue Officer. McNeil will bring his expertise in scaling SaaS businesses to lead Weave's sales, customer success, revenue operations, and payments teams. McNeil brings over 25 years of experience in SaaS, payments, go-to-market strategy, and strategic partnerships. He spent six years at HubSpot, where he was instrumental in leading sales teams as the company grew from $90M in annual recurring revenue to over $990M."
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SYM | Hot Stocks16:03 EST Symbotic reports Q1 EPS (2c), consensus (6c) - Reports Q1 revenue $368.45M, consensus $368.86M. "Fiscal year 2024 is off to a solid start with strong financial and operational results. I am pleased with the trajectory and goals we have planned for the rest of the year," said Rick Cohen, chairman and CEO of Symbotic. "We will continue to innovate and build deployment capacity to support growth and increased profitability for our stakeholders."
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KXIN | Hot Stocks16:03 EST Kaixin Auto gets Nasdaq letter regarding minimum bid rule - Kaixin Auto Holdings announced the receipt of a notification dated February 1 from the Listing Qualifications department of the Nasdaq Stock Marke notifying Kaixin that, for the 30 consecutive business days ended January 31 the Company failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). The Nasdaq Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until July 30, to regain compliance with the Rule. If, at any time before July 30, the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will inform the Company that the Company has regained compliance with the Rule.
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VRTX | Hot Stocks16:02 EST Vertex meets primary endpoints in vanza triple program - Vertex Pharmaceuticals announced positive results from its once-daily vanzacaftor/tezacaftor/deutivacaftor program, the most comprehensive Phase 3 pivotal program ever conducted by Vertex for the treatment of cystic fibrosis, a progressive, multi-organ disease caused by dysfunction of the CFTR protein. The Phase 3 program included two randomized, double-blind, active-controlled, 52-week trials, SKYLINE 102 and SKYLINE 103, evaluating the efficacy of vanzacaftor/tezacaftor/deutivacaftor once daily in people with CF ages 12 years and older who have at least one F508del mutation or a mutation responsive to triple combination CFTR modulators, compared to TRIKAFTA. A third Phase 3 single-arm, 24-week, open-label study, RIDGELINE 105, evaluated the safety and efficacy of the vanza triple in children with CF ages 6 to 11 years with at least one mutation responsive to triple combination CFTRm. In SKYLINE 102 and SKYLINE 103, following a 4-week run-in on TRIKAFTA, baseline measurements of percent predicted forced expiratory volume in 1 second, sweat chloride and other efficacy parameters were obtained, after which patients were randomized to either the vanza triple or TRIKAFTA. As in the SKYLINE trials, all children in the RIDGELINE 105 study received at least 4 weeks of TRIKAFTA to establish a baseline for ppFEV1, SwCl and other efficacy parameters prior to receiving vanza triple. In both SKYLINE 102 and SKYLINE 103, the primary endpoint of absolute change from baseline in ppFEV1 through week 24 was met and showed that treatment with vanza triple was non-inferior to treatment with TRIKAFTA. The key secondary endpoints in SKYLINE 102 and SKYLINE 103 were absolute change from baseline in SwCl through week 24 compared to TRIKAFTA; proportion of patients pooled across the two trials, with SwCl below 60 mmol/L through week 24 compared to TRIKAFTA; and proportion of patients pooled across the two trials, with SwCl below 30 mmol/L through week 24 compared to TRIKAFTA. Head-to-head against TRIKAFTA, on the first key secondary endpoint, the vanza triple was superior in reducing SwCl levels in SKYLINE 102 and SKYLINE 103. In the second and third key secondary endpoints, which were pooled across SKYLINE 102 and SKYLINE 103, the vanza triple achieved superiority in the proportion of patients below 60 mmol/L (the diagnostic threshold for CF) and below 30 mmol/L (carrier level) compared to TRIKAFTA. The results from other secondary endpoints were consistent with results of the primary and key secondary endpoints. Additionally, the results at 52 weeks were consistent with results at 24 weeks. The primary endpoint in the RIDGELINE 105 study in children 6 to 11 years old was safety. On the secondary endpoint measuring the absolute change in mean SwCl levels through week 24, the vanza triple reduced SwCl by -8.6 mmol/L compared to a baseline on TRIKAFTA. 95% of children achieved SwCl levels below 60 mmol/L and the majority of children treated with the vanza triple achieved normal levels of CFTR function with SwCl levels below 30 mmol/L. Treatment with the vanza triple was well tolerated in all three studies, and the safety was similar between the vanza triple and TRIKAFTA treatment groups in SKYLINE 102 and SKYLINE 103. The safety of the vanza triple in children 6 to 11 years old was similar to the safety in people 12 years of age and older.
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XCUR | Hot Stocks16:02 EST Exicure, Bluejay Therapeutics enter into patent license pact - Exicure and Bluejay Therapeutics announced they entered into a patent license agreement to develop cavrotolimod for potential treatment for hepatitis. Under the terms of the agreement, Bluejay will receive an exclusive license in the field of hepatitis to all of Exicure's relevant patents. Bluejay paid Exicure an initial small, one-time payment after the execution of this Agreement. Exicure will also be entitled to modest royalties on future net sales on all licensed technology by Bluejay during the term of the licensed patents. Exicure will be responsible for, and make all decisions concerning, the preparation, filing, prosecution, and maintenance for each patent and patent application included within the licensed patents.
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PRIM | Hot Stocks16:00 EST Primoris receives projects valued at roughly $1.1B - Primoris Services Corporation announced several awards with a combined value of approximately $1.1B secured by the company's Energy Segment. The awards included more than $700M for engineering, procurement and construction of utility-scale solar projects secured in the fourth quarter of 2023 and a natural gas repowering project with battery energy storage valued at more than $350M awarded in the first quarter of 2024. "Our strong client relationships and execution expertise continue to drive growth in our backlog of projects in the Energy segment," said Tom McCormick, President and Chief Executive Officer of Primoris. "These awards span across three states and will help to meet the energy needs of thousands of homes in the communities we serve. I am pleased with the hard work and dedication of our teams to close out 2023 with a deep backlog of projects and for starting 2024 on the right track." The solar projects are scheduled to begin in the second and third quarters of 2024 and in early 2025 while the repowering project is expected to begin construction in the second half of 2024.
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BTOG | Hot Stocks15:44 EST Bit Origin Ltd trading resumes
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BTOG | Hot Stocks15:34 EST Bit Origin Ltd trading halted, volatility trading pause
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MSFT | Hot Stocks15:15 EST Microsoft Gaming CEO says company planning business update event for next week - Microsoft Gaming CEO Phil Spencer said in a post on X, formerly Twitter, "We're listening and we hear you. We've been planning a business update event for next week, where we look forward to sharing more details with you about our vision for the future of Xbox. Stay tuned." Reference Link
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NVTA | Hot Stocks14:42 EST Invitae trading halted, news pending
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ALGT | Hot Stocks14:35 EST Allegiant Travel says 2024 focus will be on optimization - Allegiant Travel stated: "Although we are proud of our performance in 2023, 2024 will continue our focus on restoring peak-period utilization, thereby bolstering our financial performance through increased margins. In the coming months we expect to induct our first Boeing MAX aircraft. We have tempered capacity growth to roughly five percent to ensure a smooth integration. The addition of this aircraft will improve operational reliability, enhance the customer experience, and deliver improved economics. In 2024, our focus will be on optimization. With continued focus on a number of long-term initiatives, we expect to see planned improvements throughout the business. I remain confident we will continue our operational excellence, a necessity for continued financial success. Our team members' efforts and dedication are the reasons for our 2023 industry leading performance. Team Allegiant remains the best in the industry."
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SGMO | Hot Stocks14:32 EST Sangamo's isaralgagene civaparvovec granted EMA PRIME designation - During its January 2024 meeting, the European Medicine Agency's CHMP reviewed six recommendations for eligibility to PRIME. Two were granted and four were denied. Among the two granted eligibility was Sangamo's isaralgagene civaparvovec for the treatment of Fabry disease. Reference Link
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LZB | Hot Stocks14:30 EST La-Z-Boy announces investment in furniture market showrooms - La-Z-Boy Incorporated announced its investment and ongoing support of key industry furniture markets. La-Z-Boy Incorporated is formally extending the lease for its portfolio of showrooms at High Point Market in Furniture Plaza, High Point, NC and Las Vegas Market, B555 at World Market Center Las Vegas, NV. La-Z-Boy is also committing to major renovations of its showrooms in High Point, including showrooms for the La-Z-Boy brand, La-Z-Boy International, and England Furniture. These investments will allow La-Z-Boy Incorporated to better serve its customers, partners, and all stakeholders. "Our commitment today is wholly enabled by the continued market success and financial stability of La-Z-Boy Incorporated - even in the face of challenging industry and economic conditions," said Melinda D. Whittington, President and Chief Executive Officer of La-Z-Boy Incorporated. "These investments demonstrate our commitment to the industry furniture markets, while reimagining the showrooms where our brands come to life, as we meet our customers and demonstrate our product quality, comfort, and style."
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CMS | Hot Stocks14:02 EST CMS Energy subsidiary to sell Appliance Service Plan unit to Oncourse - Consumers Energy, a subsidiary of CMS Energy, announced that it has executed a definitive agreement to sell its internal business unit, the Appliance Service Plan, or ASP, to Oncourse Home Solutions. The transaction is expected to close in the first half of 2024, subject to customary closing conditions. "This announcement to sell our Appliance Service Plan business will allow that team to grow their business in a meaningful way at Oncourse. At the same time, this strategic sale will allow Consumers Energy to remain hyper focused on our core business of providing electric and natural gas service to 6.7 million residents in Michigan," said Brian Rich, senior vice president of customer experience and technology.
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ADM | Hot Stocks13:02 EST Archer Daniels down 4% after Bloomberg report of DOJ accounting probe
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FOXO | Hot Stocks12:51 EST Foxo Technologies interim CEO discloses 17.33% stake - Mark Brian White disclosed a 17.33% stake in Foxo Technologies, which represents 1.55M shares. The filing with the SEC allows for activism. Since September 2023, White has been a member of the board and Interim CEO of the company.
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FYBR | Hot Stocks12:33 EST Frontier executing formal review process to unlock shareholder value - Frontier Communications said earlier today in a press release, "As Frontier enters the next phase of its evolution, we believe that there are opportunities to create additional value for our shareholders. Accordingly, the Board and management team are executing a formal and comprehensive review process of all opportunities to unlock shareholder value, including continued optimization of our operational and financing strategy, strategic partnerships, joint ventures, divestitures, mergers, and business combinations. We appreciate the constructive and helpful input from our shareholders and look forward to providing updates on our progress as we execute our plan."
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FYBR | Hot Stocks12:32 EST Frontier Communications names George H. 'Woody' Young III to board - On February 5, the Board of Directors of Frontier Communications Parent, Inc. appointed George H. "Woody" Young III to serve on the Board, effective immediately. The Board has determined that Young is independent under the listing standards of the Nasdaq Stock Market LLC. Young served as a Partner and the Chairman of Mergers and Acquisitions at Perella Weinberg Partners LLC from January 2016 to August 2021, during which time he led the firm's U.S, telecommunications and media advisory businesses.
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FYBR | Hot Stocks12:30 EST Jana Partners supports Frontier Communications review process - Jana Partners, a shareholder of Frontier Communications, issued a statement regarding Frontier's announcement that its board and management team are executing a formal and comprehensive review process of all opportunities to unlock shareholder value. "We are enthusiastic about Frontier's continued business momentum and potential for shareholders. We support the Company's focus and review of all opportunities to unlock shareholder value - and are confident in the Board and management team's ability to do so."
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GPS | Hot Stocks12:17 EST Gap names Zac Posen as chief creative officer of Old Navy - Gap announced the appointment of American fashion designer, Zac Posen, to Executive Vice President, Creative Director of Gap Inc. and Chief Creative Officer of Old Navy, based in San Francisco. As Chief Creative Officer of Old Navy, Posen's immediate focus will be leading design, merchandising and marketing for the second largest apparel brand in the US, and Gap Inc.'s largest brand. Posen will work hand-in-hand with Haio Barbeito, Old Navy's President and CEO, reporting directly to him.
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CTLT | Hot Stocks12:00 EST Catalent rises 9.6% - Catalent is up 9.6%, or $5.22 to $59.73.
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BOWL | Hot Stocks12:00 EST Bowlero rises 13.6% - Bowlero is up 13.6%, or $1.57 to $13.17.
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EL | Hot Stocks12:00 EST Estee Lauder rises 13.8% - Estee Lauder is up 13.8%, or $18.45 to $152.56.
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FPH | Hot Stocks12:00 EST Five Point Holdings falls -8.8% - Five Point Holdings is down -8.8%, or -32c to $3.25.
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NOVA | Hot Stocks12:00 EST Sunnova Energy falls -9.6% - Sunnova Energy is down -9.6%, or -95c to $8.95.
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APD | Hot Stocks12:00 EST Air Products falls -13.8% - Air Products is down -13.8%, or -$35.66 to $222.51.
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FDMT | Hot Stocks11:58 EST 4D Molecular cystic fibrosis treatment granted FDA orphan designation - 4D Molecular Therapeutics' adeno-associated virus gene therapy comprised of a transgene cassette encoding codon-optimzed human CFTR delta R was granted FDA orphan designation as a treatment of cystic fibrosis, according to a post to the agency's website. Reference Link
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GRFS | Hot Stocks11:51 EST Grifols names Nacho Abia CEO, transitions for CCO, COO - Grifols announces Raimon Grifols and Victor Grifols Deu have decided to transition out of their executive positions, Chief Corporate Officer and Chief Operating Officer, respectively, and will remain on the Grifols board, now as proprietary directors. The board will appoint Nacho Abia as Chief Executive Officer. Abia was most recently Executive Officer and Global Chief Strategy Officer of Olympus Corporation. "Nacho Abia becoming CEO as well as the decision by Raimon Grifols and Victor Grifols Deu to step down from their current roles after a smooth transition are part of a succession roadmap that the two Grifols executives, along with the Board, set in motion back in 2022. The Board awaited activation until the company's post-pandemic recovery had solidified. Well-orchestrated handoffs transition will take place to ensure appropriate knowledge transfers, organizational adaption, and smooth continuity of business operations," the company said in a statement.
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DOCU | Hot Stocks11:46 EST DocuSign down 6% after report of cooling interest from PE suitors
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FE | Hot Stocks11:42 EST FirstEnergy unit reaches settlement with NJ Board of Public Utilities - FirstEnergy subsidiary Jersey Central Power and Light has reached a settlement in its base rate review currently pending with the New Jersey Board of Public Utilities. "If approved by the BPU, the settlement will help JCP&L invest in enhancements that further strengthen electrical infrastructure to benefit its 1.1 million customers while allowing the company to continue recovering its investments in restoring electricity to customers following storms and severe weather," the company said in a statement.
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VALN | Hot Stocks11:26 EST Valneva sells Priority Review Voucher from FDA for $103M - Valneva announced earlier today that it sold the Priority Review Voucher it received from the Food and Drug Administration for $103M. The company was awarded a tropical disease PRV in November 2023 following FDA approval of Ixchiq, its single-dose, live-attenuated vaccine indicated for the prevention of disease caused by chikungunya virus. Valneva said will invest proceeds from the sale into its R&D projects, including the co-development of its Phase 3 vaccine candidate against Lyme disease, additional clinical trials for its chikungunya vaccine Ixchiq and the expansion of the company's clinical pipeline. Thomas Lingelbach, Chief Executive Officer of Valneva, said, "This non-dilutive capital provides an important source of additional funding to advance the continued development of our clinical pipeline. As shown with the recent approval of our chikungunya vaccine, we remain committed to growing our portfolio of vaccines addressing unmet medical needs which have the potential to transform people's lives."
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NVTA | Hot Stocks11:14 EST Invitae down 9% after WSJ report on bankruptcy plans
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FSV | Hot Stocks11:02 EST FirstService raises quarterly dividend 11% to 25c per share - FirstService announced that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the Company over the previous 22.5c per Common Share and declared a quarterly dividend of 25c per Common Share. The dividend is payable on April 5, 2024 to holders of Common Shares of record at the close of business on March 29, 2024.
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MOR | Hot Stocks10:20 EST MorphoSys trading resumes, shares up 20% after Reuters report
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MOR | Hot Stocks10:20 EST Morphosys Ag (ADR) trading resumes
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MOR | Hot Stocks10:20 EST MorphoSys halted for volatility after jumping 16% on Reuters report
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MOR | Hot Stocks10:15 EST Morphosys Ag (ADR) trading halted, volatility trading pause
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CTLT | Hot Stocks10:00 EST Catalent rises 9.8% - Catalent is up 9.8%, or $5.32 to $59.83.
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GHM | Hot Stocks10:00 EST Graham rises 11.7% - Graham is up 11.7%, or $2.31 to $22.09.
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EL | Hot Stocks10:00 EST Estee Lauder rises 12.9% - Estee Lauder is up 12.9%, or $17.29 to $151.41.
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AMRC | Hot Stocks10:00 EST Ameresco falls -7.7% - Ameresco is down -7.7%, or -$1.64 to $19.46.
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JKS | Hot Stocks10:00 EST JinkoSolar falls -9.1% - JinkoSolar is down -9.1%, or -$2.38 to $23.74.
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APD | Hot Stocks10:00 EST Air Products falls -14.7% - Air Products is down -14.7%, or -$37.84 to $220.32.
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QLYS MSFT | Hot Stocks09:55 EST Qualys down 6% after Morgan Stanley says Microsoft partnership ending May 1
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EL | Hot Stocks09:51 EST Estee Lauder sees returning to organic sales growth in mainland China in 2H - The company entered Q3 with momentum in brick and mortar in mainland China, Estee Lauder said on its Q2 earnings conference call.
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WRAP | Hot Stocks09:50 EST Wrap Technologies trading resumes
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CTLT | Hot Stocks09:47 EST Catalent rises 9.2% - Catalent is up 9.2%, or $5.01 to $59.52.
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BOWL | Hot Stocks09:47 EST Bowlero rises 9.3% - Bowlero is up 9.3%, or $1.08 to $12.68.
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EL | Hot Stocks09:47 EST Estee Lauder rises 15.7% - Estee Lauder is up 15.7%, or $21.10 to $155.22.
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OPFI | Hot Stocks09:47 EST OppFi falls -7.0% - OppFi is down -7.0%, or -23c to $3.05.
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JKS | Hot Stocks09:47 EST JinkoSolar falls -8.1% - JinkoSolar is down -8.1%, or -$2.12 to $24.00.
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APD | Hot Stocks09:47 EST Air Products falls -12.8% - Air Products is down -12.8%, or -$33.17 to $225.00.
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CHEA | Hot Stocks09:45 EST Chenghe Acquisition Co trading resumes
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CHEA | Hot Stocks09:40 EST Chenghe Acquisition Co trading halted, volatility trading pause
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FWRD | Hot Stocks09:39 EST Forward Air provides January LTL Expedited Freight operating statistics - Forward Air provided the following LTL Expedited Freight operating statistics for January 2024. During this period, weight per shipment increased 9.8%, pounds per day also increased 9.2% compared to the same period last year. Finally, revenue per ton mile increased 1.9% over the same period last year, excluding fuel. Tom Schmitt, Chairman and CEO of Forward, commented: "We continue to improve on the three metrics that matter most to us - increasing tonnage, refining freight quality and maximizing revenue per shipment. We have executed the first phase of the operational synergies ahead of schedule, folding Omni linehaul into the Forward Air network, which led to higher than 20 percent year over year pounds per day increase in the most recent week. We look forward to updating the market on a comprehensive plan and key milestones in the weeks ahead."
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WYY | Hot Stocks09:35 EST WidePoint's IT Authorities awarded $1.4M managed IT, cyber services contract - WidePoint Corporation announced that its subsidiary IT Authorities has been awarded a new three-year contract valued at more than $1.4M from a major Florida attraction and research center.
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VZ WMT | Hot Stocks09:33 EST Verizon appoints Brian Higgins as chief customer experience officer - Verizon (VX) is investing more in customer experience with the creation of an organization dedicated solely to creating the best experiences for customers and employees. Under Verizon Consumer CEO Sowmyanarayan Sampath, Brian Higgins has been appointed as the company's first-ever Chief Customer Experience Officer for the consumer group. Former Walmart (WMT) executive Dory Butler will join Higgins as senior vice president of Customer Experience, where she will lead the development and delivery of high-quality sales and service experiences focusing on the end-to-end consumer journey. The company said, "The Customer Experience Organization will invest heavily in transforming the way customers do business with Verizon, and how our employees serve them. Focus areas include AI and personalization, digital channel and systems functionality and delivering best-in-class experiences across all consumer touch points. The team will create a more simplified approach and help deliver customized experiences based on customers' and employees' unique needs." Higgins previously served as senior vice president of Device Marketing and Consumer Product where he led all product and marketing for the Verizon Consumer Group.
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BOWL | Hot Stocks09:31 EST Bowlero initiates quarterly dividend program of 5.5 per share - Bowlero approved the initiation of a quarterly dividend program. The company's board declared an initial quarterly cash dividend of 5.5c per share of common stock for Q3 of fiscal 2024. The dividend will be payable on March 8, to stockholders of record on February 23. The company intends to pay a cash dividend on a quarterly basis going forward, subject to market conditions.
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CAT | Hot Stocks09:30 EST Caterpillar says supply chain constraints have started to ease - Says supply chains better, but "still a ways to go." Expects China market to be "relatively weak" in FY24. Expects price increases to exceed manufacturing costs for the year.
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IBRX | Hot Stocks09:29 EST ImmunityBio: PROs IN QUILT 3.032 trial indicate stability of physical function - ImmunityBio announced that findings from Patient-Reported Outcomes PROs of participants in the phase 2/3 QUILT 3.032 study of N-803 plus BCG in BCG-unresponsive non-muscle invasive bladder cancer NMIBC were published by the peer-reviewed journal Urology Practice. These PROs support the positive interim results from the study published in NEJM Evidence, wherein 71% of patients in cohort A with CIS with or without Ta/T1 disease achieved a complete response. The published PROs based on a May 16 data cutoff indicate that both physical function and global health as self-reported by QUILT 3.032 participants with BCG-unresponsive NMIBC CIS or papillary disease remained stable over the 2-year course of the study for patients who completed the PRO questionnaires and reached 24 months on-study. The primary end point is the incidence of CR at the 3- or 6-month assessment visit for cohorts A and C, and the disease-free survival DFS rate at 12 months for cohort B. ...The FDA has accepted for review ImmunityBio's resubmission of its biologics license application (BLA) for N-803 plus BCG for the treatment of BCG-unresponsive NMIBC CIS with or without Ta or T1 disease, and has set a user fee goal date PDUFA date of April 23.
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BOWL | Hot Stocks09:29 EST Bowlero boosts share repurchase program to $200M - Bowlero said its board authorized a time extension and an increase to its share repurchase program, replenishing the authorized repurchase amount to $200M and removing the program expiration date. "The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors," the company said.
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CORZ... | Hot Stocks09:25 EST Core Scientific produces 1,027 Bitcoin in Q4 - Core Scientific released production and operations updates for January. "Core Scientific produced 13,762 bitcoin in 2023, more than any other listed company in North America and providing strong momentum as we entered into 2024," said Adam Sullivan, Core Scientific's Chief Executive Officer. "In January we relisted on Nasdaq with a strengthened balance sheet, a pathway to reduce leverage further and a pragmatic growth plan for an additional 72 megawatts of infrastructure at our existing Texas sites this year."
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WNS | Hot Stocks09:24 EST WNS Holdings announces client intent to terminate - WNS over the weekend disclosed in its Form 6-K filed with the SEC the following information in Part III Risk Factors: "For example, one of our top five customers by revenue contribution in fiscal 2024, which is in the HCLS SBU, served a termination notice on January 31, 2024. The customer accounted for 4.1%, 6.5% and 7.3% of our revenue and 4.3%, 6.8% and 7.9% of our revenue less repair payments in fiscal 2024, fiscal 2023 and fiscal 2022, respectively. This termination is effective July 1, 2024, and does not impact our revenue in fiscal 2024. We are in discussion with the customer around the support required for the transition of the services and are currently ascertaining the related financial and accounting impact."
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MULN | Hot Stocks09:24 EST Mullen Automotive continues to make strides with production, deliveries of EVs - Mullen Automotive continues to make strides with production and deliveries of Class 1 and Class 3 commercial EVs. Its subsidiary, Mullen Advanced Energy is advancing with battery pack production line installation at its new 122,000-square-foot high-energy facility in Fullerton, California. "We are steadfastly focused on production, production, production," said David Michery, CEO and chairman of Mullen Automotive. "We are working through active purchase orders and strengthening our supply chain to make sure we are meeting customer needs. Unlike the consumer EV space, we have not experienced any slowdown in demand for our vehicle lineup in the commercial EV space. We continue to make deliveries of our Class 1 and Class 3 commercial EVs as fast as they come out of our production line. We are fully committed to increasing our production capacity to meet the growing demand."
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VVPR | Hot Stocks09:24 EST VivoPower's Tembo EUV kit deliveries have commenced - Tembo E-LV, a subsidiary of the Nasdaq listed B Corp, VivoPower International PLC, announces that it has begun delivery of its next generation Electric Utility Vehicle, EUV, powertrain conversion kits. The first delivery of kit components were made to Access Industrial Mining, Tembo's exclusive distributor in Canada. Following completion of Access's successful testing program of the Tembo converted 4x4 Landcruiser in Europe in 2023, Access placed an initial order for EUV powertrain conversion kits. Further testing was then conducted across both hardware and software elements of the EUV powertrain conversion kits. This was pursuant to a definitive agreement for Access to purchase 1,675 Tembo EUV conversion kits over a period of five years. Kevin Chin, Chairman and CEO of VivoPower, said: "For Tembo, quality and safety are of paramount importance. Following a disciplined testing program over the last 12 months, we are very pleased to have begun delivery of the next generation EUV conversion kits and look forward to supporting our valued partner, Access as well as our other partners across the globe to electrify their utility vehicle fleets. In doing so, we look forward to helping them meet their commercial objectives, including in relation to sustainability goals."
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LAES WKEY | Hot Stocks09:23 EST SEALSQ Corp., Ylan Anoufa unite to launch WISeToy - SEALSQ (LAES), a leader in the fields of Semiconductors, PKI, and Post-Quantum technology, in collaboration with its parent company WISeKey International Holding (WKEY), a global leader in cybersecurity, digital identity, and Internet of Things, IoT, solutions operating as a holding company, and globally renowned contemporary visual pop-art French artist Ylan Anoufa, proudly announce the development of the first ever AnoufaBears Intelligent Secure Toy, codenamed WISeToy. This groundbreaking initiative aims to safeguard children's interactions with the Internet, combining state-of-the-art security technology with artistic flair. Carlos Moreira, CEO of SEALSQ, stated, "Our collaboration with Ylan Anoufa represents a significant milestone in our ongoing efforts to create a safer digital environment for children. By integrating our robust cybersecurity technology with the artistic vision of Ylan Anoufa, we are setting a new standard for secure and educational toys in the digital age."
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CEI | Hot Stocks09:21 EST Camber Energy announces additional purchase order for waste treatment system - Camber Energy announce that Planeteq, the exclusive distributor in the United Kingdom for Viking Ozone Technology's portfolio of patented waste treatment systems, issued a purchase order for a VKIN-6000/A Waste Treatment unit, which is designated for delivery to a hospital in the United Kingdom within the National Health Service Trus.
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MCD | Hot Stocks09:19 EST McDonald's sees FY24 operating margin in mid-to-high 40% range - Sees FY24 tax rate 20%-22%. Sees FY24 capital expenditures $2.5B-$2.7B. Says expects to open more than 1600 restaurants in IDL segment in FY24. Sees FY24 free cash flow conversion in 90% range. Says Chicken category is now on par with Beef. Says seeing slowed macro conditions in China. Says capital expenditures for the year of 2023 was $2.4B. Says believes consumers will be more discriminating with their dollars. Says has over 150M active users in loyalty program. Says anticipated headwinds continue into FY24. Says macro environment remains challenging. Comments and guidance taken from Q4 earnings conference call.
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CMTL | Hot Stocks09:18 EST Comtech awarded $48M contract extension from Washington State - Comtech announced that Washington State recently awarded the company a $48M contract extension to continue providing Next Generation 911 services over the next five years, with the option to extend through 2034. Washington State initially contracted Comtech to design, deploy and operate next generation public safety technologies and secure and reliable communications capabilities in 2016.
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HNRA | Hot Stocks09:16 EST HNR Acquisition appoints Mark Williams as corporate controller - HNR Acquisition announces that Mark Williams has accepted the position of Corporate Controller and Vice President of Finance and Administration. Mark has provided consulting services to HNRA since September 2023 providing invaluable support to the efforts to complete the Company's initial acquisition, and the transition of both finance and operations.
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AIMD | Hot Stocks09:15 EST Ainos submits clinical hold complete response on Phase II trial of VELDONA - Ainos has submitted the clinical hold complete response to the U.S. Food and Drug Administration for conducting a Phase II trial of its low-dose oral interferon-alpha formulation, VELDONA, for treatment of mild COVID-19 symptoms. If approved, the Company's Phase II trial is expected to involve a multicenter, parallel, randomized study conducted in Taiwan to evaluate the efficacy of VELDONA in subjects with mild COVID-19 symptoms during the third quarter of 2024. Ainos' recently-commenced VELDONA manufacturing process fully complies with both Pharmaceutical Inspection Co-operation Scheme Good Manufacturing Practice and the U.S. FDA's Current Good Manufacturing Practice regulations. The updated Chemistry, Manufacturing, and Controls information indicates that the stability of VELDONA can exceed the minimum shelf life of biologicals. Ainos intends to submit a number of additional IND applications during the second half of 2024, including Phase II/III studies for treatment of oral warts in HIV-seropositive patients, and Phase II/III studies for Sjogren's syndrome.
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CENN | Hot Stocks09:12 EST Cenntro Electric shareholders vote for redomiciling from Australia to U.S. - Cenntro Electric Group Limited announced that Cenntro shareholders have voted in favor of the proposed scheme of arrangement in which Cenntro will redomicile from Australia to the United States , and under which Cenntro will become a wholly owned subsidiary of Cenntro a United States company incorporated in accordance with the laws of the State of Nevada for the purpose of effecting the Cenntro's redomiciliation to the U.S. Cenntro is pleased to report the resolution to approve the Scheme as set out in the Notice of Meeting included within the scheme booklet that is contained within the Definitive Proxy Statement on Schedule 14A filed with the United States Securities and Exchange on December 15 was passed by the requisite majorities of Cenntro shareholders present at the scheme meeting held on Wednesday, January 24 pursuant to orders made by the Supreme Court of New South Wales, Australia.
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VRNS | Hot Stocks09:12 EST Varonis introduces Managed Data Detection and Response - Varonis Systems introduced Varonis Managed Data Detection and Response, the industry's first managed service dedicated to stopping threats at the data level. Unlike traditional MDR services that are endpoint- and network-centric, MDDR focuses on threats to data. The offering combines Varonis' award-winning threat detection technology and automation with a global team of elite threat hunters, forensics analysts, and incident responders who investigate and respond to threats 24x7x365.
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SPRY | Hot Stocks09:12 EST ARS Pharmaceuticals to present efficacy data for neffy at 2024 AAAAI meeting - ARS Pharmaceuticals announced that new clinical data, including efficacy outcomes supporting neffy, epinephrine nasal spray, will be presented during the 2024 American Academy of Allergy, Asthma and Immunology, AAAAI. One late-breaking presentation reports efficacy outcomes for the first time with neffy in pediatric patients who developed anaphylaxis symptoms following oral food challenge. The efficacy data demonstrated that 100% of patients responded to a single dose of neffy with a 16-minute median time to complete resolution of anaphylaxis symptoms. A second presentation details the statistically significant and clinically meaningful reductions in urticaria symptoms achieved by neffy across all endpoints in its randomized, controlled proof-of-concept study. Results from neffy efficacy study in oral food challenge induced anaphylaxis: A total of 15 patients aged 6 to 17 were enrolled; 6 subjects were dosed with 1 mg neffy, and 9 subjects were dosed with 2 mg neffy. Treatment guidelines indicate a second dose of epinephrine should be given if clinical response is not observed within the first 15 minutes. 100% of the patients responded to the single dose of neffy. After dosing neffy, the median time to complete resolution of anaphylaxis symptoms was 16 minutes.1 of 15 patients experienced a biphasic reaction 2 hours and 45 minutes following complete resolution of symptoms with the single dose of neffy and required additional epinephrine treatment. For epinephrine injection products, biphasic reactions are reported to occur at a frequency of 12.8% in children with food-induced anaphylaxis. For epinephrine injection products, two or more doses of epinephrine are required for 10.8% of oral food challenges treated with epinephrine. Clinical data in this neffy trial is therefore in line with historical clinical response data for injection products. The trial demonstrated safety results similar to the previously reported safety profile of neffy and approved epinephrine products with adverse events reported in 7 subjects dosed with neffy, all of which were mild or moderate and most of which resolved quickly.
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WRAP | Hot Stocks09:11 EST Wrap Technologies reduces workforce by 30% - Wrap Technologies announces an initiative to position the company for growth in 2024 and beyond. The Company has reduced its labor force by 30%, representing $2.4M in annual savings, in the past 45 days through outsourcing and headcount reductions. To position for the future, the Company is expanding manufacturing capacity in its Tempe facility and building out a robust enterprise-level sales and marketing team. These measures should enable Wrap to meet the increasing global demand for its solutions while driving shareholder value. Wrap is implementing various cost-saving measures to optimize the corporate structure while investing in near and long-term revenue opportunities. These measures include digitization initiatives, headcount reductions and strategic outsourcing. These steps have enabled Wrap to achieve material cost savings while redirecting investment to higher ROI initiatives. Wrap intends to increase its production capacity through the expansion of its manufacturing operations in Tempe, Arizona to meet the growing global demand for the BolaWrap Remote Restraint device. The manufacturing facility will leverage state-of-the-art technology, that should result in improved throughput. Wrap is redirecting investment towards its sales and marketing infrastructure to capitalize on industry tailwinds. This investment should enable the expansion of Wrap's corporate headquarters in Miami, Florida and the continued recruitment of top-tier enterprise-level talent on its executive and corporate teams.
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CFXTF | Hot Stocks09:09 EST Conifex Timber 'disappointed' by Supreme Court of British Columbia decision - Conifex Timber announced that the Supreme Court of British Columbia issued its decision in respect of Conifex's previously filed petition seeking judicial review of the Lieutenant Governor in Council of British Columbia's Order in Council 692/2022. The company said,"The OIC directed the British Columbia Utilities Commission to issue orders relieving the British Columbia Hydro and Power Authority of its obligation to supply service respecting cryptocurrency mining projects for a period of 18 months. In its decision, the BCSC declined to make an order quashing and setting aside the OIC as unauthorized or otherwise invalid. Conifex is disappointed by, and disagrees with, the BCSC's decision. Conifex continues to believe that the provincial government is missing out on several opportunities available to it to improve energy affordability, accelerate technological innovation, strengthen the reliability and resiliency of the power distribution grid in British Columbia, and achieve more inclusive economic growth. Conifex is considering its position in relation to the judgment, including potentially appealing the ruling, along with other legal avenues which it may pursue thereafter."
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SGD | Hot Stocks09:08 EST Safe and Green Development executes contract to sell St. Mary's site for $1.35M - Safe and Green Development announces that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The St Mary's property consists of approximately 29 acres zoned for a manufacturing facility. After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios' expansion in the area. The Company remains interested in the St Mary's region and will remain active via its investment in the Cumberland Inlet Project. David Villarreal, President & CEO of Safe and Green Development Corporation, stated, "It has been a pleasure to deal with Pigmental and I could not be happier that the St Mary's property is in the hands of such a great company. We believed this was the opportune time to sell the property which sale strengthens our balance sheet and provides us with the flexibility to move forward on other real estate properties and various projects that we are developing and considering."
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SNAP | Hot Stocks09:08 EST Snap to cut 10% of global full-time employees - In a regulatory filing, Snap announced plans to reduce its global headcount by approximately 10% of its global full time employees. "In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team. As a result, we currently estimate that we will incur pre-tax charges in the range of $55 million to $75 million, primarily consisting of severance and related costs, and other charges, of which $45 million to $55 million are expected to be future cash expenditures. The majority of these costs are expected to be incurred during the first quarter of 2024. Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process into the second quarter of 2024 or beyond in certain countries."
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VZ | Hot Stocks09:07 EST Verizon deploys 130,000 new O-RAN capable radios in its network - Verizon has now deployed over 130,000 O-RAN capable radios which includes the massive MIMO radios as part of the previously announced 15,000 O-RAN compliant virtualized cell sites with O-RAN compliant baseband units in its commercial Radio Access Network. "Verizon is fully supportive of O-RAN technology and is focused on commercializing an operationally sound O-RAN architecture," said Adam Koeppe, SVP of Technology Planning at Verizon. "Our commitment to developing O-RAN standards and to deploying compliant equipment in our active Radio Access Network is helping to drive the industry forward which will result in a variety of tangible benefits for our customers who expect leading-edge technology from Verizon."
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VEON | Hot Stocks09:07 EST Veon, Kyivstar set in motion $600M investment plan - VEON and its wholly-owned subsidiary Kyivstar announce that they have now officially started the implementation of the 600 million USD investment commitment in rebuilding Ukraine, as initially announced in June 2023. VEON's commitment to invest in Ukraine, including the 600 million USD plan that covers the three-year period from 2024-2026, was the focus of a visit last week by a high-level delegation to Kyiv. Former U.S. Secretary of State Michael R. Pompeo joined the delegation, visiting Kyiv for the first time after joining Kyivstar as a Board member in November 2023. Following up on their "Invest in Ukraine, NOW!" campaign, VEON and Kyivstar have also co-hosted "B2U: Business to Ukraine", a business and investment forum in Kyiv. During the Forum, more than 100 representatives of Ukraine's leading businesses held discussions on improving the investment climate in the country, which is expected in turn to support the flow of international business to Ukraine, contributing to the country's economic resilience. Kyivstar invested roughly 174m USD in capex in 2023, and expects to widen the scope of its future investment commitment from 600m USD in 3 years to 1 billion USD in 5 years, if market conditions permit.
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RIOT | Hot Stocks09:06 EST Riot Platforms produced 520 bitcoin in January - January bitcoin produced: 520; average bitcoin produced per day 16.8. Bitcoin held: 7,648. Bitcoin sold: 212. Deployed hash rate: 12.4 EH/s. Deployed miners: 112,944. Bitcoin sales - net proceeds: $9.5 million. "Riot had a strong month in January, mining 520 Bitcoin while utilizing our unique power strategy," said Jason Les, CEO of Riot. "Texas experienced extreme cold during the month, which led to increased demand for power. During periods of high demand, Riot's power curtailment efforts helped to stabilize the grid and generated $3.3 Million in Power and Demand Response Credits, equivalent to approximately 77 Bitcoin based on the average price of Bitcoin during the month. Riot's unique power strategy is central to positioning us as one of the lowest cost miners, and is a key competitive advantage, alongside our unmatched balance sheet strength and vertically integrated operations, as our industry transitions through the upcoming Bitcoin halving."
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SNES | Hot Stocks09:06 EST SenesTech signs distribution agreement and order for Evolve in Singapore - SenesTech ented into a distribution agreement with Agro Technic, a pest control product manufacturer and distributor headquartered in Singapore. SenesTech has developed and is in the process of commercializing a proprietary technology for managing animal pest populations, primarily rat populations, through fertility control. The agreement with Agro Technic includes both a substantial initial stocking order and annual minimums.
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INBS | Hot Stocks09:05 EST Intelligent Bio Solutions announces exercise of warrants from $1.77M in proceeds - Intelligent Bio Solutions announced an agreement between the Company and several current warrant holders to exercise certain existing Series E Warrants to purchase up to an aggregate of 606,064 shares of common stock that were issued on October 4, 2023, in an underwritten public offering. The Existing Warrants have an exercise price of $2.9232 per share. The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to a registration statement that was filed and declared effective by the Securities and Exchange Commission. The gross proceeds to the Company from the exercise of the Existing Warrants are expected to be approximately $1.77 million prior to deducting placement agent fees and estimated offering expenses. In consideration for the immediate exercise of the Existing Warrants for cash, the exercising holders will receive new unregistered warrants to purchase shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The Replacement Warrants will be exercisable into an aggregate of up to 606,064 shares of common stock, at an exercise price of $4.50 per share, and a term of exercise equal to five-and-one-half years from issuance. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. acted as the exclusive placement agent for the warrant exercise transaction.
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MDAI | Hot Stocks09:05 EST Spectral AI announces publication of letter to shareholders - Spectral AI announced the publication of a Letter to Shareholders from the Company's CEO and Co-founder, Wensheng Fan, and Chairman of the Board, Richard Cotton. The Letter to Shareholders addresses the Company's progress along multiple fronts as it continues to evolve from a late-stage development company towards commercialization of its AI-driven DeepView System. Highlights of the Letter to Shareholder include: The largest contract in the Company's history, a $149 million award from BARDA that provides non-dilutive funding for ongoing product development and procurement. An expectation that, pending regulatory authorization in the US and UK, the Company will generate revenue across four separate platforms covering burn and DFU within the next three years, with the potential for initial commercial revenue as soon as the second half of 2024. FDA and UKCA marking of the Company's proprietary imaging technology, DeepView Snapshot(R), as well as the recent submission of the Company's predictive software, DeepView AI-Burn, to the UK regulatory body for UKCA marking. Promising interim results for the Company's DFU Clinical Study and multiple ongoing clinical trials designed to validate the DeepView System for wound healing assessments, including the initiation of a pivotal study in the US for Burn and an anticipated 1H 2025 submission to the FDA for US approval for this indication. Appointments that have added strength and depth to the Company's management team and Board of Directors.
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AZN | Hot Stocks09:04 EST Yiviva signed MOU with AstraZeneca to establish research, development collab - Yiviva signed a memorandum of understanding, MOU, with AstraZeneca China to establish a research and development collaboration, collab, at AstraZeneca's Innovation Campus in Chengdu, China. The signing ceremony took place at the 2023 China International Import Expo at the National Exhibition and Convention Center in Shanghai. To address global unmet medical needs, Together Yiviva and AstraZeneca China will jointly build platforms for scientific research transformation and industrial development led by academicians and experts with the aim to modernize botanical medicines in accordance with new regulatory pathways for botanical medicines by the United States Food and Drug Administration and China National Medical Products Administration.
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ADSK | Hot Stocks09:04 EST Autodesk to acquire X2X's production management solution PIX - Autodesk has entered into an agreement to acquire the PIX business of X2X. PIX is a production management solution for secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. This potential transaction is subject to regulatory approval. Terms of the deal will not be disclosed. Autodesk's proposed acquisition of PIX has not been completed; the completion of the proposed acquisition of PIX is uncertain and is subject to regulatory approval and the satisfaction of various other closing conditions. Until close, Autodesk and PIX will remain separate companies. Subject to the satisfaction of the foregoing closing conditions, the proposed acquisition of PIX is expected to close early in FY25. The foregoing descriptions of the contemplated effects of the proposed acquisition are subject to the acquisition's completion and Autodesk's ability to successfully integrate PIX in all respects.
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GLXZ | Hot Stocks09:03 EST Galaxy Gaming appoints Michael Ratner as EVP, product - Galaxy Gaming announced the appointment of Michael Ratner as the company's new Executive Vice President of Product. Ratner developed significant skills in Product Management, focusing on games and casino management systems. His Product Management career includes experience with Atronic, Paltronics, Bally Technologies, Konami, and, most recently, IGT.
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HCA | Hot Stocks09:03 EST HCA Healthcare CIO P. Martin Paslick retires, Chad Wasserman succeeds - HCA Healthcare announced that Chad Wasserman, a nearly 30-year veteran of the company, has been appointed senior vice president and chief information officer, effective February 1. Wasserman succeeds P. Martin Paslick, who is retiring after 38 years with HCA Healthcare.
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SEIC | Hot Stocks09:02 EST SEI Investments names Sean Denham as CFO, succeeding Dennis McGonigle - SEI announced the appointment of Sean Denham as an Executive Vice President and CFO, reporting to CEO Ryan Hicke. Denham's employment will begin on March 18, and his appointment as CFO will be effective on the day following the resignation of current CFO Dennis McGonigle, whose departure plans were announced by SEI in July 2023. SEI currently expects McGonigle's resignation to be effective on the day of the filing of the company's first-quarter 2024 Form 10-Q. Denham succeeds McGonigle, who has served in a number of different roles and leadership positions at SEI for nearly 40 years. Upon his appointment, Denham will be responsible for leading finance and accounting, corporate controllership, business management, enterprise risk management, and investor relations functions, as well as administering the internal audit function.
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AJG | Hot Stocks09:01 EST Arthur J. Gallagher acquires The John Galt Insurance Agency - Arthur J. Gallagher acquired Fort Lauderdale, Florida-based John Galt Commercial Insurance Agency and John Galt Insurance Agency, collectively referred to as The John Galt Insurance Agency. Terms of the transaction were not disclosed. The John Galt Insurance Agency provides full-service property/casualty insurance coverages with expertise in commercial and multi-family real estate across Florida. Jim Rudd and the John Galt team will remain in their current location under the direction of Bumpy Triche, head of Gallagher's Southeast retail property/casualty brokerage operations.
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WRAP | Hot Stocks09:00 EST Wrap Technologies trading halted, news pending
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CAT | Hot Stocks08:58 EST Caterpillar sees lower mining machine sales in FY24 vs. FY23 - Says continues to see strong demand for used equipment. Sees FY24 CapEx $2B-$2.5B. Says dividend "remains a priority."
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MGRX | Hot Stocks08:55 EST Mangoceuticals accepting preorders for PRIME - Mangoceuticals announced that it is offering 2 months of free 'PRIME' by MangoRx, Powered by Kyzatrexmfor the first 1,000 male subscribers who express interest in subscribing to the oral testosterone replacement protocol. Interested subscribers will also be prompted to preorder a minimally invasive FDA approved at-home blood collection test kit through their nationwide lab partnership with Trybe Labs, which is being offered to MangoRx subscribers at preferred discounted prices. PRIME will be available to MangoRx customers at a price of $199/month with eligibility to receive an additional 10% discount per month if subscribed to another MangoRx product
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RVSN | Hot Stocks08:54 EST Rail Vision receivs patent approval from Indian patent office - Rail Vision was granted a patent approval from the Indian Patent Office. The patent, titled "SYSTEM AND METHOD FOR OBJECT AND OBSTACLE DETECTION AND CLASSIFICATION IN COLLISION AVOIDANCE OF RAILWAY APPLICATIONS", has already approved in the US and Japan and is pending approval in Europe and China. The patent covers the method for detection and identification of objects and obstacles near, between or on railway. The method refers to several forward-looking imagers adapted to cover all vision ranges and is also sensitive to each different wavelength of radiation. Electro optic sensors are used to survey and monitor railway scenes in real time. Rail Vision's Main Line system utilizes advanced vision sensor technology, incorporating engineering, big data, and AI that is installed directly on trains. This system is capable of collecting data, including weather information, in real time and from remote locations accessible exclusively by railway routes.
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PODC LVO | Hot Stocks08:52 EST PodcastOne renews agreement with Kelly Stafford's 'The Morning After' - PodcastOne entered into a new agreement with Kelly Stafford for her The Morning After with Kelly Stafford & Hank Podcast for the exclusive distribution and advertising sales rights of the podcast. The headline-making Apple charting show launched in 2021 and joined the PodcastOne network in 2022.
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CAT | Hot Stocks08:47 EST Caterpillar says healthy demand across most end markets - Says $27.5B backlog at end of 2023. Expects continued strength in end user demand. Remains "comfortable" with machine dealer inventory. Says strong e-commerce growth. Expects China excavator demand to remain at a "relatively low level." Comments taken from Q4 earnings conference call.
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OMQS | Hot Stocks08:46 EST Omniq acquires CodeBlocks for $1.275M - OMNIQ Corp announced that its wholly owned subsidiary acquired CodeBlocks, a Fintech software company with over 80,000 deployments. OmniQ, acquired CodeBlocks in exchange for NIS 4,666,664. The consideration is payable in seven equal installments with the final payment due on January 11, 2025. The purchase Agreement closed on February 1, 2024.
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VIVK | Hot Stocks08:41 EST Vivakor completes factory acceptance tests for RPC in Houston, Texas - Vivakor announced the completion of the factory acceptance tests for its Remediation Processing Center in Houston, Texas. The tests were done in conjunction with RK Energy and checked out all the Control Logic, Operating Screens, PLC controls, Plant Interlocks and all plant equipment/instruments/devices. This represents a major milestone in moving forward towards operation. The Vivakor team is pressing forward to gain the necessary permits and access to power for the site, which are the final steps needed to get the RPC into commercial operation.
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ISPR | Hot Stocks08:41 EST Ispire Technology opens ISO- and GMP-certified Malaysia manufacturing facility - Ispire Technology announced the opening of its new ISO- and GMP-certified 31,000 sq. ft. manufacturing facility in Malaysia, which is poised to help expedite market entry for businesses seeking to enhance their cannabis and nicotine product lines.
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THAR | Hot Stocks08:40 EST Tharimmune doses first patient in Phase 1 trial of TH104 - Tharimmune announced the first patient dosed in the Company's Phase 1 clinical trial with TH104, utilizing a proprietary oral thin film. TH104 is a proprietary transmucosal buccal film embedded with the approved, active compound nalmefene onto a thin film which easily adheres inside of the mouth on the cheek and biodegrades within minutes. Tharimmune's lead clinical-stage asset, TH104, is designed as an ideal product candidate for multiple liver-related and other pruritogenic inflammatory conditions, by avoiding the first-pass metabolism usually in traditional oral formulations. The molecule has a dual mechanism of action affecting both the mu and kappa opioid receptors, while emerging data suggests inhibition of interleukin-17, a pro-inflammatory cytokine. The well-known mu and kappa receptors, when stimulated and/or inhibited by the body's endogenous ligands, have been implicated in the body's itch circuitry for certain conditions, specifically cholestatic or dysregulated bile acid-related liver conditions. The Phase 1 clinical trial currently recruiting is a pharmacokinetic bridging study in the U.S. designed as a single-dose, single-center, open-label, randomized 2-way crossover study of TH104 and an intravenous dose of nalmefene administered under fasting conditions, with a 7-day washout period between doses. Sixteen normal healthy volunteers are anticipated to participate and complete the study. The primary objective is to evaluate the absolute bioavailability of TH104 as well as assess safety and tolerability. Topline data is expected in 2Q24 with a full data readout shortly thereafter.
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PCT | Hot Stocks08:39 EST PureCycle Technologies reaches agreement in principle to buy Ironton bonds - PureCycle Technologies announced that PureCycle: Ohio has reached an agreement in principle with holders of a majority of the Southern Ohio Port Authority Exempt Facility Revenue Bonds, Tax-Exempt Series 2020A, of which $219,550,000 principal amount is outstanding, to purchase for cash, at a purchase price equal to $1,030 per $1,000 principal amount of Bonds purchased. In addition to the Majority Holders, additional holders of the Series 2020A Bonds may participate in the Purchase. Holders of the Series 2020A Bonds that participate in the Purchase will be required to consent to certain proposed amendments to the bond documents governing the Series 2020A Bonds and closing of the Purchase will require that no less than Majority Holders participate in the Purchase and provide their Consents. The Proposed Amendments will eliminate certain restrictive covenants and events of default contained in the bond documents governing the Series 2020A Bonds that are permitted to be eliminated with the consent of the Majority Holders. The Consents will become effective upon closing of the Purchase. In addition to the Purchase of the Series 2020A Bonds, PCO may purchase Southern Ohio Port Authority Subordinate Exempt Facility Revenue Bonds, Tax-Exempt Series 2020B, of which $20,000,000 principal amount is outstanding, and Southern Ohio Port Authority Subordinate Exempt Facility Revenue Bonds, Taxable Series 2020C of which $10,000,000 principal amount is outstanding for which Consents shall also be required to the extent such Bonds are purchased. The Purchase Price is calculated in part to compensate the Sellers for default interest accruing from January 2, 2023 through December 31, 2023, and any other accrued and unpaid interest on the Bonds from, and including, the most recent interest payment date up to the closing date of the Purchase. The Purchase Price does not include any default or penalty interest accruing from January 1, 2024, that may otherwise be owed and Holders that participate in the Purchase will waive their respective right to such default or penalty interest. The Proposed Amendments to the Indenture of Trust, dated as of October 1, 2020, between Southern Ohio Port Authority and UMB Bank, N.A., as trustee and the Loan Agreement by and between the Issuer and PCO, dated as of October 1, 2020 are expected to include, but are not limited to, the following: Elimination of certain restrictive covenants and events of default contained in the Indenture and the Loan Agreement and other transaction documents that are permitted to be eliminated with the consent of the Majority Holders; and Release of funds on deposit in accounts in the Trust Estate in an amount proportionate to the percentage of the aggregate principal amount of the Bonds that Sellers submit for Purchase, which released funds will be used by PCO to effectuate the Purchase. The Purchase is intended to allow the Company to provide additional flexibility in completing commissioning activities at the Ironton Facility. The Company expects to fund the Purchase with those Trust Estate funds released under the Proposed Amendments together with available cash on hand. The Purchase will not occur unless the Majority Holders participate in the Purchase and provide Consents to the Proposed Amendments. The Purchase is expected to close no later than February 15, 2024.
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ARCT CSLLY | Hot Stocks08:39 EST Arcturus Therapeutics' and CSL's COVID-19 vaccine shows longer immune response - CSL (CSLLY) and Arcturus Therapeutics (ARCT) announced the results of a follow-up analysis of a Phase 3 study evaluating a booster dose of ARCT-154, the world's first approved self-amplifying messenger RNA COVID-19 vaccine, compared to a conventional mRNA COVID-19 vaccine. ARCT-154 was administered at one-sixth the dose of Comirnaty. The new analysis at 6 months post-vaccination shows that ARCT-154 induces a longer immune response as compared to Comirnaty for both the original Wuhan strain and Omicron BA.4/5 variant and an advantage in antibody persistence. One-month post-booster, the ARCT-154 group displayed a higher immune response with GMT of 5390 vs. Comirnaty group with GMT of 3738. Three months post-booster GMTs were 5928 and 2899. The same pattern of superior immunogenicity and slower decline in Omicron BA.4/5 neutralizing antibodies was observed.
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ICE | Hot Stocks08:37 EST ICE reports January total ADV up 30% y/y, open interest up 20% y/y - Intercontinental Exchange reported January 2024 trading volume and related revenue statistics: Total average daily volume or ADV, up 30% y/y, including record options of 1.6M lots; open interest or OI, up 20% y/y, including record OI of 87.3M lots on January 25 Record Energy ADV up 33% y/y; OI up 22% y/y, including record OI of 56.3M lots on January 25;Total Oil ADV up 31% y/y; OI up 25% y/y. Brent ADV up 14% y/y; OI up 6% y/y and WTI ADV up 59% y/y; OI up 50% y/y...North American gas ADV up 38% y/y; OI up 21% y/y...
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LVO | Hot Stocks08:35 EST LiveOne subsidiary Splitmind wins Grammy - LiveOne announced that its subsidiary Splitmind won a 2024 Grammy Award. Splitmind, a Los-Angeles-based music collective of producers and writers from all over the world, founded by Aidan "Halfway" Crotinger in 2020. Splitmind producers Steven Shaeffer and Simbo produced the Grammy Award-Winning Album Church Clothes 4 by Lecrae.
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MBTC | Hot Stocks08:35 EST Nocturne Acquisition announces postponement of EGM - Nocturne Acquisition announced that the Board of Directors has voted in favor of a second postponement of the meeting date for the Extraordinary General Meeting that was to be held on January 30, 2024 for shareholders to vote on the proposed business combination with Cognos Therapeutics, Inc. The Extraordinary General Meeting that was postponed until February 6, 2024 has been postponed further and will now be held virtually on February 27, 2024 at 9:00 a.m. Eastern Time. The Company plans to continue to solicit proxies from shareholders during the period prior to the Extraordinary General Meeting. The record date for the Extraordinary General Meeting remains the close of business on December 29, 2023. No changes have been made in the proposals to be voted on by the shareholders at the postponed meeting. Shareholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the record date may vote, even if they have subsequently sold their shares. The deadline by which shareholders must exercise their redemption rights in connection with the Extraordinary General Meeting has been extended to two business days prior to the second postponed meeting.
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MIRA | Hot Stocks08:34 EST Mira Pharmaceuticals enters research collaboration with Pharmaseed - Mira Pharmaceuticals provided a corporate and operational update. The company has partnered with Pharmaseed, a clinical research organization to research and evaluate Ketamir-2, a novel ketamine analog with improved gastrointestinal bioavailability under investigation to potentially be an orally delivered ultra-rapid antidepressant. Pharmaseed is Israel's largest GLP-certified pre-clinical and early clinical CRO specializing in translational and regenerative studies. The Mira team will utilize Pharmaseed's neurological disorder expertise to conduct pre-clinical research on Ketamir, focusing primarily on investigating its antidepressant properties. Additionally, Mira has initiated a Toxicology program for Ketamir in collaboration with Frontage Laboratories. The company anticipates positioning Ketamir for an initial Investigational New Drug application with the FDA by the end of 2024. Ketamir is a novel compound designed to address the challenges presented by major depressive disorder. Ketamir is also under investigation for treating Post Traumatic Stress Disorder. Ketamir aims to serve as an alternative to commonly prescribed drugs for PTSD. A valuation analysis conducted by IQVIA forecasts that by 2035, Ketamir could generate average annual sales of $3B, with estimates rising to up to $7.8B.
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TGL | Hot Stocks08:34 EST Treasure Global CEO Sam Teo purchases 1.17M shares - Treasure Global announced that CEO of the Company, Sam Teo, increased his stake in the Company by purchasing 1,170,000 shares in the open market, totaling an investment of USD $98,397 with each share acquired at $ 0.0841 per share. Following this transaction, Mr. Teo now holds an aggregate of 5.11% of the issued and outstanding voting shares.
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SUPN | Hot Stocks08:32 EST Supernus wins infringement, validity case on Trokendi XR against Torrent - Supernus Pharmaceuticals announced that the United States District Court for the District of New Jersey ruled that Torrent Pharmaceuticals Ltd. and its subsidiary, Torrent Pharma Inc., infringed U.S. Patent Nos. 8,992,989; 9,549,940; and 9,622,983 by submitting to the U.S. Food and Drug Administration, FDA, an Abbreviated New Drug Application, ANDA, seeking permission to market a generic version of Trokendi XR before the expiration of Supernus' patents."We are very pleased with the District Court's ruling that Torrent infringed our Trokendi XR(R) patents and the reaffirmation of the validity of those patents," stated Jack Khattar, President and Chief Executive Officer of Supernus Pharmaceuticals. "We are very serious about securing intellectual property protection for our innovative products and about vigorously enforcing such IP rights even if the product is at a later stage in its lifecycle."
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FRSX | Hot Stocks08:32 EST Foresight Autonomous completes project with Japanese vehicle manufacturer - Foresight Autonomous Holdings announced the successful completion of two proof of concept, POC, projects with a leading Japanese vehicle manufacturer, the initiation of these projects was reported by the Company on August 14, 2023. The vehicle manufacturer, currently employing stereo cameras in its advanced driver assistance systems, ADAS, evaluated the accuracy of Foresight's unique automatic calibration capabilities to enhance 3D depth perception. Following satisfactory results, the parties are exploring co-development initiatives for further evaluation of the solution's capabilities. Prospective collaboration may involve integrating Foresight's technology into the passenger vehicles of the manufacturer. This integration has the potential to enhance precision in distance measurement, as well as improve object detection and classification, thereby elevating the overall safety system of the automaker's vehicles.
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LIVN | Hot Stocks08:29 EST LivaNova names Vladimir Makatsaria CEO - LivaNova announced its board of directors named Vladimir Makatsaria as the company's CEO and a member of the board of directors, effective March 1. Makatsaria most recently served as company group chairman at Johnson & Johnson MedTech, leading its global Ethicon surgery business. Makatsaria will succeed Kozy, who has served as interim CEO since April 2023. Kozy will continue in his role as LivaNova board chair.
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CLEU | Hot Stocks08:28 EST China Liberal Education regains compliance with Nasdaq listing requirement - China Liberal Education received a written notification from the Nasdaq Listing Qualifications Department on February 2, informing the company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. The notification letter received from Nasdaq noted that the company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from January 19 to February 1.
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BK MSFT | Hot Stocks08:28 EST BNY Mellon, Microsoft announce partnership - BNY Mellon (BK) and Microsoft (MSFT) are joining forces to transform capital markets and the broader financial services industry. Using Microsoft Azure cloud and BNY Mellon's extensive financial data and analytics capabilities the platform will provide BNY Mellon's buy side and sell side clients with a leading data management solution. The global alliance between two of the world's leaders in their respective industries will help enable financial institutions to navigate complex market dynamics with precision and agility while enhancing risk management and optimizing operational efficiency. As part of the expanded collaboration, the two companies will look to explore how artificial intelligence technologies can be incorporated for improved productivity and better-informed decision making. With a focus on innovation and the expertise and platforms to help clients achieve their goals, BNY Mellon will also migrate its data and analytics workloads to Microsoft Azure.
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CBRE | Hot Stocks08:27 EST CBRE Group to acquire J&J Worldwide Services for $800M in cash - CBRE Group announced a definitive agreement to acquire J&J Worldwide Services from Arlington Capital Partners. The initial purchase price is $800M in cash, plus a potential earn-out of up to $250M, payable in 2027, subject to the acquired business meeting certain performance thresholds. In 2024, J&J is projected to produce more than $525M of revenue and approximately $65M of EBITDA, continuing its recent track record of low double-digit annual growth. Additionally, CBRE expects to benefit from tax attributes and synergies arising from the transaction. The acquisition is expected to be accretive to CBRE's earnings in 2024. J&J primarily serves the U.S. Department of Defense through long-term, fixed-price contracts. The company employs more than 3,300 people worldwide, serving more than 250 hospitals, clinics and military installations primarily in the United States as well as in Europe, Asia, the Caribbean, and the Middle East.
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PPG F | Hot Stocks08:28 EST PPG and Tasca Racing extend partnership into 2024 drag racing season - PPG (PPG) announced that it has extended its sponsorship of the Tasca Racing team for the 2024 season. The PPG Ford (F) Dark Horse N itro Mustang...Funny Car will make its debut Feb. 8-10 at the inaugural FloRacing PRO or Professional Racers Owners Organization Superstar Shootout at Bradenton Motorsports Park in Bradenton, Fla. This invitation-only event will feature races for the Top Fuel, Funny Car, and Pro Stock division classes. Led by Bob Tasca III, team president and driver, Tasca Racing is running the full schedule in this year's NHRA Nitro Funny Car division. The team's 11,000-horsepower Nitro Funny Car will display the PPG logo in every race. Tasca is also vice president of Tasca Automotive Group, a key customer of PPG's Automotive Refinish business.
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SPNS | Hot Stocks08:26 EST Sapiens, Binah.ai partner to improve risk management - Sapiens and Binah.ai, a health and wellness check software provider, announced a partnership to empower more insurance companies worldwide to use client-provided health data for improved risk management and value-added services at reduced costs. The partnership enables Binah.ai to leverage Sapiens' strong global presence and provide Sapiens' customers with seamless access to Binah.ai's software-based health and wellness check technology.
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SLAM LYNK | Hot Stocks08:27 EST Lynk Global to become public through Slam Corp. combination - Lynk Global and Slam Corp. (SLAM) announced that they have entered into a definitive business combination agreement under which Slam will combine with Lynk. Upon completion, the combined company will operate as Lynk Global Holdings, Inc. and its common stock is expected to be publicly listed on Nasdaq under the ticker symbol (LYNK). Lynk has engaged BTIG to raise additional capital ahead of the closing of the business combination with Slam. Proceeds from the anticipated financing will be used to produce more satellites, secure launches, and support satellite design and operations. This is expected to include the continued development, manufacturing and launch of a constellation of Low-Earth Orbit satellites. The constellation will complement the three commercially-licensed Lynk satellites that are currently in orbit and is intended to enable global communications using radiofrequency spectrum licensed to mobile network operators without hardware or software modification to existing standard cellphone technologies. Lynk's patented and commercially-licensed sat2phone technology is compatible with any unmodified cellular device from 2G to 5G, and is positioned to be compatible with future generations of mobile devices. Under the terms of the business combination agreement, the transaction values Lynk at a pre-money enterprise value of $800M. Upon completion of the transactions contemplated by the business combination agreement, the expected proceeds will be used to secure launch timing and support satellite design, manufacturing and operations. The boards of directors of Lynk and Slam have each approved the proposed business combination, the consummation of which is subject to various customary closing conditions, including the filing and effectiveness of a Registration Statement on Form S-4 with the SEC, and the approval of the shareholders of Lynk and Slam. Completion of the proposed business combination is expected in the second half of 2024.
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PBIO | Hot Stocks08:25 EST Uncle Bud's to launch new premium health, wellness products - Pressure BioSciences is hosting a teleconference Monday, February 5th, 4:30PM EST to discuss the recent acquisition of natural health and wellness innovator Uncle Bud's, as well as other on-going opportunities. Uncle Bud's Health and Wellness is announcing the planned launch of its UltraShear-processed "Premium Collection" of nanoemulsified products. The collection, highlighted by its flagship product - the CBD Body Revive Spray with 1200mg of Nano CBD - will be processed with PBIO's multi-patented UltraShear Technology, and is expected to redefine the standards of effectiveness and quality in CBD and other products. These products represent the pinnacle of innovation, quality, and commitment to natural, clean wellness solutions. The Premium Collection launch is expected on or before March 1, 2024. Embodying Uncle Bud's commitment to safety and environmental responsibility, all UltraShear Premium Collection products will be crafted from 100% natural, clean ingredients, and GMO-free. For the launch of the new premium products, Uncle Bud's is inaugurating a new website category dedicated exclusively to the innovation and quality of the Premium Collection product line. The launch of the initial product - CBD Body Revive Spray with 1200 mg of Nano CBD for powerful, fast-acting relief in a convenient spray form - offers an essential addition in any wellness regimen and marks the beginning of a series of groundbreaking premium products designed to meet the needs of consumers looking for the highest quality and performance in natural and effective wellness solutions.
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CXM | Hot Stocks08:24 EST Sprinklr backs Q4 and FY24 financial guidance amid CRO Paul Ohls departure - Sprinklr announced that Chief Revenue Officer CRO Paul Ohls has made the decision to leave Sprinklr effective March 16 . He will support Mr. Harvey until his departure to ensure a seamless transition. "Paul has had an immeasurable impact on Sprinklr's success over more than five years in sales leadership, most recently as CRO. He inspired a passion for how our platform provides value to our customers and helped build a foundation for our next phase of growth and scale. His contributions and friendship are greatly valued, and we wish him well," continued Thomas. Sprinklr also reaffirms its financial guidance for the fourth quarter of fiscal 2024 and the full year fiscal 2024, as provided in a press release issued on December 6.
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IGXT | Hot Stocks08:22 EST IntelGenx announces results from POC study of VetaFilm platform - IntelGenx announced positive results from a proof-of-concept, POC, study to assess the palatability, owner-perceived acceptability, and ease of repeated administration of IntelGenx's VetaFilm platform in healthy dogs and cats. The POC study was conducted through a research collaboration with the University Prince Edward Island, one of North America's leading veterinary universities. Key findings included: The VetaFilm FDOFs were well accepted and well tolerated by both dogs and cats; Repeated dosing showed high continued acceptance rates in both species with little or no effect of time on the continued acceptance of the VetaFilm FDOFs; Overall, 100% of dog owners and 67% of cat owners felt that administration of the VetaFilm FDOFs was "very easy" or "easy"; and 95% of dog owners and 82% of cat owners identified VetaFilm FDOFs as the preferred method of medication administration.
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CAT | Hot Stocks08:21 EST Caterpillar raises FY24 adjusted operating profit margin - Adjusted operating profit margin target range increasing to: 10-14% at $42B of sales and revenues; 18-22% at $72B of sales and revenues. Increasing top end of the target range by 100 bps relative to corresponding level of sales and revenues. Sales and revenues range unchanged from $42B to $72B.
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MTEK | Hot Stocks08:21 EST Maris-Tech receives order for approximately $190,000 from return customer - Maris-Tech announced that it has received an order for approximately $190,000 from a return customer in the defense industry, for a video recording, streaming and debriefing solution designed for gun sight in tactical applications. "This order for a product to use with gun sights based on Maris-Tech's intelligent video transmission and miniaturization technologies highlights the unique design and exceptional capabilities of our integrated solutions to support a wide range of tactical and other applications and to meet the demanding requirements of the defense industry," said Israel Bar, CEO of Maris-Tech.
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CXM | Hot Stocks08:21 EST Sprinklr appoints Scott Harvey as Chief Customer Officer - Sprinklr announced the appointment of Scott Harvey as Chief Customer Officer. Mr. Harvey has served as Sprinklr's executive vice president of customer operations since September 2023. He will continue to report directly to Sprinklr Founder and CEO Ragy Thomas in this newly expanded role leading a unified global customer organization, including all sales and services teams, to accelerate go-to-market efficiencies and better serve customers. "Sprinklr is actively taking steps to structure our business for the next stage of scale. This includes making organizational changes that will further our go-to-market alignment and unify our work along the customer journey. We will continue to hire world-class leaders who have demonstrated measurable results and operational excellence to support and enable our next chapter of growth. Scott has proven to be an exceptional global leader, and we share strong convictions about the vision for Unified-CXM and the future of Sprinklr," said Sprinklr Founder and CEO, Ragy Thomas.
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CLDX | Hot Stocks08:20 EST Celldex announces upcoming presentation of barzolvolimab Phase 2 results - Celldex Therapeutics announced that an abstract describing 12 week results from the Company's Phase 2 clinical trial of barzolvolimab in patients with moderate to severe chronic spontaneous urticaria refractory to antihistamines, including patients with biologic-refractory disease, has been accepted as a late breaking oral presentation at the American Academy of Allergy, Asthma & Immunology, AAAI, Annual Meeting 2024 being held in Washington, DC on February 23-26, 2024. Abstracts will be available on the meeting website today, February 5, 2024. The abstract is comprised of the topline 12-week primary endpoint results the Company disclosed on November 6, 2023.
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CHRS | Hot Stocks08:20 EST Coherus Biosciences amends term loan agreement with Pharmakon - Coherus BioSciences entered into an agreement with Pharmakon Advisors, LP to revise the terms of its loan agreement entered in January 2022. Following the closing of the previously announced divestiture of the ophthalmology franchise to Sandoz, Coherus plans to prepay $175 million of $250 million principal balance in Q2 2024, leaving a residual balance of $75 million and reducing projected annual interest payments by about 70%. Pursuant to and subject to terms and conditions in the Consent and Amendment, among other things: the Lenders and the Collateral Agent provided consent to consummation of the transactions contemplated by that certain Purchase and Sale Agreement dated as of January 19, 2024 by and between the Company and Sandoz Inc., a Delaware corporation, and released certain subsidiary of the Company from its obligation and certain assets subject to the transactions contemplated thereby the Lenders and the Collateral Agent permitted the Company to make a partial prepayment of the principal of the loans outstanding under the Existing Loan Agreement in the amount of $175,000,000 upon consummation of the transactions contemplated by the Purchase Agreement, subject to certain conditions and the parties thereto agreed to adjust the minimum net sales covenant level under the Existing Loan Agreement. Other terms of the Existing Loan Agreement, as amended by the Consent and Amendment, remain generally identical to those under the Existing Loan Agreement.
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CXM | Hot Stocks08:20 EST Sprinklr announces Chief Revenue Officer Ohls to leave effective March 16 - Today, Sprinklr also announced that Chief Revenue Officer (CRO) Paul Ohls has made the decision to leave Sprinklr effective March 16.. He will support Mr. Harvey until his departure to ensure a seamless transition. "Paul has had an immeasurable impact on Sprinklr's success over more than five years in sales leadership, most recently as CRO. He inspired a passion for how our platform provides value to our customers and helped build a foundation for our next phase of growth and scale. His contributions and friendship are greatly valued, and we wish him well," continued Thomas. Sprinklr also reaffirms its financial guidance for the fourth quarter of fiscal 2024 and the full year fiscal 2024, as provided in a press release issued on December 6, 2023.
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CXM | Hot Stocks08:20 EST Sprinklr announces Chief Revenue Officer Ohls to leave effective March 16 - Today, Sprinklr also announced that Chief Revenue Officer (CRO) Paul Ohls has made the decision to leave Sprinklr effective March 16.. He will support Mr. Harvey until his departure to ensure a seamless transition. "Paul has had an immeasurable impact on Sprinklr's success over more than five years in sales leadership, most recently as CRO. He inspired a passion for how our platform provides value to our customers and helped build a foundation for our next phase of growth and scale. His contributions and friendship are greatly valued, and we wish him well," continued Thomas. Sprinklr also reaffirms its financial guidance for the fourth quarter of fiscal 2024 and the full year fiscal 2024, as provided in a press release issued on December 6, 2023.
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CAT | Hot Stocks08:19 EST Caterpillar raises FY24 ME&T free cash flow target to $5B-$10B from $4B-$8B - Expects to return substantially all ME&T free cash flow to shareholders over time. Says strong balance sheet and liquidity.
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EXCOF MGA | Hot Stocks08:19 EST Exco Technologies appoints Tommy Skudutis to board of directors - Exco Technologies announced the appointment of Tommy Skudutis to Exco's Board of Directors, effective immediately. Beginning as a tool and die/mould maker, Tom subsequently gained over thirty years of experience at Magna International Inc., culminating in his role as the COO before his recent retirement from full-time activities.
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RIO | Hot Stocks08:17 EST American Pacific regains 100% interest in Madison copper-gold mine project - American Pacific Mining announces that Kennecott Exploration Company, a subsidiary of the Rio Tinto Group in collaboration with American Pacific, has agreed to discontinue the 11-year Madison earn-in agreement to acquire a 70% interest in American Pacific's Madison Mine Project. American Pacific would like to thank the regional Kennecott team for its collaborative approach at Madison over the years. The Company is pleased to regain 100% ownership and control of Madison, which now becomes the Company's lead solely owned property. The Madison Project was host to small-scale production, which concluded in 2012 with 2.7 million pounds of copper produced at grades ranging from 20-35% copper. Subsequent drilling at Madison in 2017 included 30.18 metres of 24.50 grams per tonne gold and 0.39% Cu and 10.97 m of 41.65 g/t Au and 0.38% Cu. Drilling in 2017 also included a drill hole completed to 377 m depth, which intersected altered latite porphyry material at 301 m and has yet to be followed up on. The final drill hole from the last drill campaign completed by Rio intersected 6.53 m of 14.44 g/t Au and 0.11% Cu in an area that remains open approximately 100 m down plunge from the known skarn mineralization. The Company intends to proceed with the 2024 drill program as planned in collaboration with Kennecott. The program has been designed to include drill holes within the skarn that will aim to confirm and extend mineralization encountered in historical drilling.
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TKLF | Hot Stocks08:17 EST Yoshitsu welcomes new institutional shareholders - Yoshitsu announces that on January 30, 2024, Hudson Bay Capital Management and seven other institutional investors have become new beneficial owners of the American Depositary Shares of the Company. The Company believes that the joining of the institutional shareholders demonstrates the Company's strengthened capital forces for market expansion around the world. The Company's previously announced successful completion of the follow-on equity offering has empowered it as the first Nasdaq listed Japanese company to complete a follow-on offering after its initial public offering. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "It's a momentous occasion for us to be the first Nasdaq listed Japanese firm to undertake a follow-on equity offering. Over the years, we've been committed to expanding our market footprints globally, showcasing to the world the essence of the Japanese lifestyle with our high-quality homegrown Japanese products. We expect the successful Offering and the powerful partners on board to inject strong impetus into our market expansion in the U.S. market, pushing us forward in our journey of sustainable development."
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CADL | Hot Stocks08:15 EST Candel Therapeutics provides update on upcoming milestones - Candel Therapeutics highlighted recent successes across the Company's immunotherapy portfolio and provided updates on multiple upcoming milestones. 2024 Anticipated Data Readouts and Key Catalysts: Candel plans to announce 6 anticipated readouts across its 3 platforms in 2024, which include novel clinical and biomarker data in lung cancer, pancreatic cancer, brain cancer and a potentially registrational phase 3 clinical trial in prostate cancer. Phase 2 topline overall survival data for CAN-2409 in NSCLC expected in Q2 2024; Phase 2 updated overall survival data for CAN-2409 in borderline resectable pancreatic cancer expected in Q2 2024; New preclinical data on the second drug candidate from the enLIGHTEN(TM) Discovery Platform expected by Q3 2024; Phase 1 data for CAN-3110 in recurrent high-grade glioma expected in 2H 2024 for the multiple injection cohort; Phase 2 topline data for CAN-2409 in low-to-intermediate-risk, localized, non-metastatic prostate cancer expected in Q4 2024; Phase 3 topline data for CAN-2409 in localized intermediate/high-risk prostate cancer expected in Q4 2024.
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IPG | Hot Stocks08:14 EST Huge launches Culture Decoder tool - Huge announced the launch of Culture Decoder - an AI-powered tool that helps brands better understand the cultural trends most important to their customers. By analyzing billions of data points, the proprietary tool assesses trend relevance for target customer groups; calculates the size, sentiment, and momentum of each trend; and provides actionable and data-driven recommendations to help brands drive engagement.
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INSE | Hot Stocks08:13 EST Inspired Entertainment announces Nasdaq acceptance of plan of compliance - Inspired Entertainment announced that it has received notification from the Nasdaq Stock Market stating that Nasdaq has accepted the Company's plan of compliance to file a Form 10-Q for the quarter ended September 30, 2023 by no later than February 28, 2024. In addition to working to file the September 30, 2023 Form 10-Q on or before February 28, 2024, the Company is working diligently to complete the 10-K/A for the year ended December 31, 2022 with restated financial statements, as well as Forms 10-Q/A for the quarters ended March 31, 2023 and June 30, 2023, and aims to file such reports as soon as practicable, on or before February 28, 2024.
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VXRT | Hot Stocks08:13 EST Vaxart announces publication of preclinical data on vaccine candidates - Vaxart announced the publication of preclinical non-human primate data demonstrating the potential of its COVID-19 vaccine to protect against multiple SARS-CoV-2 variants of concerns. The data, which were previously presented at the International Congress of Mucosal Immunology 2022, are reported in the current issue of Vaccines. The data included in this publication add to the body of evidence that has guided the clinical development of Vaxart's COVID-19 oral vaccine program. Vaxart's preparation for a Phase 2b trial of its COVID-19 XBB vaccine candidate is supported by a recent grant awarded by the United States Biomedical Advanced Research and Development Authority. In the study published in Vaccines, non-human primates were prime-boost immunized 29 days apart with vaccine candidates either expressing the parental spike protein alone, spike plus nucleocapsid, or the spike protein from the beta variant of SARS-CoV-2. Key findings from the study include: All three vaccines elicited strong cross-reactive systemic immunity as evidenced by increases in serum IgG and IgA responses. All three vaccines elicited robust cross-reactive nasal and lung IgA following mucosal vaccination. All three vaccines induced neutralizing antibodies in both the peripheral and mucosal compartments, which was enhanced with a boost immunization. Mucosal administration of the vaccines elicited antigen-specific T-cells. Viral replication and infectious particle shedding were significantly reduced in immunized animals after challenge with beta variant SARS-CoV-2. These results suggest that delivering rAd5 vaccines to a mucosal surface is an alternative immunization approach that may generate both serum and mucosal responses, while protecting against infection and reducing shedding. Vaxart believes these data support the potential for its vaccines to enhance mucosal responses and reduce community transmission, in addition to preventing severe disease. Vaxart has previously shown its room-temperature stable mucosal vaccines are easy to administer, store and distribute, which could support vaccine equity and the effectiveness of global public health responses to the continually evolving COVID-19 pandemic.
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WRNT | Hot Stocks08:12 EST Warrantee regains compliance with Nasdaq filing requirements - Warrantee announced that it had received a letter from the Nasdaq Office of General Office dated February 1, 2024, confirming that the Company had regained compliance with Nasdaq's filing requirement set forth in Listing Rule 5250(c)(1), since the Company filed its Form 20-F for the period ended March 31, 2023 on January 31, 2024. As a result, the scheduled hearing before the Hearings Panel on February 8, 2024 relating to the delisting determination resulting from the failure to file such Form 20-F had been cancelled and the matter was closed. The Company's American Depositary Shares will continue to be listed and traded on the Nasdaq Capital Market under the symbol "WRNT."
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SOTK | Hot Stocks08:12 EST Sono-Tek appoints Copeman as Chief Technologist - Sono-Tek Corporation announced the appointment of Randy Copeman as the Company's Chief Technologist, effective immediately. In this new role Copeman will join the senior management team and lead the ongoing development of Sono-Tek's core technology products. During his 27 years at Sono-Tek, Copeman has been the primary engineer in the development of several of the Company's core technological advancements.
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INSP | Hot Stocks08:11 EST Inspire Medical announces Chair Nelson to retire, CEO Herbert named Chair - Inspire Medical Systems announced the retirement of Marilyn Carlson Nelson as Chair of its Board of Directors and the appointment of Chief Executive Officer Timothy Herbert to the additional role of Board Chair, to be effective at the conclusion of the Company's Annual Meeting of Stockholders scheduled to occur on May 2, 2024. Herbert is the founder of Inspire and has served as President and CEO since May of 2007.
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WIMI | Hot Stocks08:11 EST WiMi Hologram Cloud announces multi-view representation learning algorithm - WiMi Hologram Cloud announced that a multi-view representation learning algorithm is to deal with the data stream clustering problem. The multi-view representation learning algorithm can provide an effective solution to the data stream clustering problem. The multi-view representation learning algorithm is a method of learning and fusing data from multiple views to obtain a more comprehensive representation. In data stream clustering, multiple views can be used to represent different aspects of the data stream, such as time series view, spatial view, etc., and each view can provide different information. By learning the features of each view, the potential patterns and structures of the data are discovered and fused to improve the accuracy and stability of data stream clustering for better understanding and analyzing the data stream. Currently, multi-view representation learning algorithms have been widely used and their prospects are very promising. For example, in the financial field, it can be used for customer segmentation and so on. In the medical field, it can be used for disease diagnosis, patient monitoring, etc. In the field of e-commerce, it can be used for user behavior analysis, product recommendation and so on.
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AONC | Hot Stocks08:10 EST American Oncology Network welcomes Bay Hematology Oncology to network - American Oncology Network welcomes Bay Hematology Oncology to its expanding network of practices. Bay Hematology Oncology includes a team of accomplished Board-certified physicians David Smith, MD; Muhammad Siddique, MD; and Pamela Simpson, MD; and a dedicated care staff of four advanced practitioners who are experienced in treating an array of blood disorders and cancer-related diseases. The practice currently has two clinic locations: one in Easton and the other in Centreville. In addition to the current patient services offered, as part of the AON partnership, Bay Hematology Oncology's two clinics will offer additional patient resources. Such resources include in-house pathology services, enhanced in-house specialty pharmacy for oral oncolytic medication and care coordination for patients among other benefits. Patients can continue to expect the same high level of care provided by the physicians and care team.
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EL | Hot Stocks08:10 EST Estee Lauder jumps 15% to $155.01 after announcing 3%-5% workforce reduction
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VSME | Hot Stocks08:09 EST VS Media partners with The Pinkfong Company, Kind Parrot Group - VS Media Holdings partnered with global entertainment company The Pinkfong Company and fine dining provider King Parrot Group to launch a VS Lounge in Hong Kong's Central Waterfront. VS Lounge is an all-day family-oriented event, featuring Pinkfong's Baby Shark-themed interactive games, a delectable dining experience during the day and an 'Open Mic' and live music performance in the evening. The event series will run from February 2 through February 25, 2024, at the Central Waterfront, spanning across the Lunar New Year and Valentine's Day with a unique celebratory experience. "We are thrilled to bring the beloved global kids icon Baby Shark to Central Hong Kong. VS Lounge demonstrates our ability in connecting top tier content creators with customers in both online and offline settings," said VS Media Founder & CEO Ivy Wong. "We look forward to welcoming families to immerse themselves in a series of fun and interactive activities at VS Lounge, extending the joyous celebrations from Lunar New Year to Valentine's Day and beyond and injecting positive energy into the local community."
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ACON ATEC | Hot Stocks08:09 EST Aclarion plans to launch CLARITY trial, provides update on Alphatec partnership - Aclarion (ACON) has completed several recent financing transactions that have significantly reduced debt and increased available cash. The Company believes these financing transactions will assist in achieving key milestones that include initiating the CLARITY trial, onboarding additional KOL surgeons through the strategic partnership with Alphatec (ATEC), and continuing to increase Nociscan orders. The financing transactions include raising just under $3M of gross proceeds under the previously disclosed $10M equity line and reducing the Company's outstanding non-convertible debt by $1.5M through the conversion of debt into equity. The Company believes these recent financing transactions were on terms more favorable than those available in the public capital markets. With these proceeds, Aclarion will initiate CLARITY, a prospective, multicenter, randomized clinical trial designed to validate the superior surgical outcomes that have been shown to result when surgical interventions are targeted against intervertebral discs identified to be painful by Nociscan technology. CLARITY is expected to enroll up to 300 patients across approximately 8 sites with Nicholas Theodore, MD, FACS, FAANS, Director of the Neurosurgical Spine Center and Professor of Neurosurgery, Orthopedics, and Biomedical Engineering at Johns Hopkins, serving as principal investigator. The Company is also advancing through the first phases of the Alphatec strategic partnership. Aclarion and Alphatec leadership are in the process of identifying 5 KOL surgeons who are currently using Alphatec's AlphaInformatiX platform and want to add Nociscan data to their preprocedural planning and surgical decisioning process. The Company expects to add 5 new KOLs to the Nociscan network in the first half of 2024.
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OCUP | Hot Stocks08:08 EST Ocuphire Pharma announces presentation on APX3330 - Ocuphire Pharma announced that clinical data from its ZETA-1 trial on a person-level scale evaluating APX3330 in diabetic retinopathy were presented at the 21st Annual Angiogenesis, Exudation, and Degeneration 2024 Conference, which took place virtually on Saturday, February 3, 2024. The presentation was titled APX3330 Oral Treatment to Slow the Progression of Diabetic Retinopathy Using a Binocular DRSS Severity Scale as a Registrational Endpoint. Presentation Highlights: ZETA-1 was a Phase 2 trial of oral APX3330 in DR. It was a multi-center, randomized, double-masked, placebo-controlled trial that enrolled 103 subjects. Topline results were announced by Ocuphire in January 2023. In November, a successful end-of-phase 2 meeting outcome was announced with an agreement on Phase 3 primary endpoint of 3-step worsening on a binocular 17-step person-level scale using the Diabetic Retinopathy Severity Scale. Analysis of ZETA-1 Phase 2 results using the person-level scale, showed only 5% of subjects treated with APX3330 had a clinically meaningful greater than or equal to 3-step worsening in DRSS at Week 24 on this binocular person-level scale, compared with 13% of placebo patients. APX3330 showed favorable safety and tolerability in diabetic patients that continued dosing their medications through the study durations to manage their diabetic comorbidities.
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IPG | Hot Stocks08:08 EST Gamer Network, Primis announce exclusivity contract until the end of 2024 - Primis has signed a new exclusive partnership deal with Gamer Network until the end of 2024. The Primis player will continue to be featured across Gamer Network's thirteen sites including Eurogamer.net, RockPaperShotgun.com, and Dicebreaker.com, which are internationally respected for gaming news, reviews, and long-form journalism. Primis has substantially scaled video consumption and added ad inventory since the two companies partnered in March 2023. Primis is owned by Universal McCann and The Interpublic Group of Companies.
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BWMN | Hot Stocks08:08 EST Bowman Consulting acquires Vermont-based Trudell in accretive deal, no terms - Bowman Consulting Group announced the acquisition of Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary or TCE, an engineering firm located just outside Burlington in Williston, Vermont....the firm provides civil engineering, landscape architecture, land surveying, utility locating and environmental services to clients throughout Vermont. "TCE is a dynamic engineering firm in a growing market with an extremely talented collection of professionals," said Gary Bowman, chairman and CEO of Bowman... Financed with a combination of cash, seller notes and equity, the acquisition falls within previously discussed target multiples and operating metric ranges and is expected to be immediately accretive. The Company anticipates the acquisition will initially operate at an annualized net service billing run rate of approximately $4.5 million. More detailed information on M&A activities, pipeline and guidance updates are provided in connection with scheduled quarterly and annual communications.
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RUM | Hot Stocks08:07 EST Rumble partners with 1775 Coffee on exclusive Rumble brand product - Rumble announced today a partnership with 1775 Coffee and the launch of an exclusive Rumble-branded product. "Not only is Rumble going to lead the way in video and cloud, but we are going to partner with brands that are willing to build long-term advertising relationships with us. 1775 Coffee is a perfect partner, and we are very excited about this new Rumble-branded product," said Rumble Chairman and CEO Chris Pavlovski. "For once, Rumble can easily fill unsold inventory with a product that will add recurring revenue to our bottom line. If large corporate advertisers are afraid to advertise with specific audiences, we will just build the product lines to take them on," he added.
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GLBE | Hot Stocks08:07 EST Global-e Online appoints CEO Europe, CTO and Chief Innovation Officer - Global-e Online appointed Cristian van Tienhoven as CEO Europe, promoted of Yehiam Shinder to the role of CTO and the transition of Eden Zaharoni, former CTO, to his new role as Chief Innovation Officer. van Tienhoven is set to lead Global-e's European team, having previously served as the COO of eBay UK, where he was responsible for their delivery and logistics solutions. Prior to that, he worked at Amazon for 8 years in the UK and the USA in various executive roles in the Marketplace, Payments and Physical Retail business units. Shinder will be promoted to the role of Chief Technology Officer, after stints as both Global-e's SVP Engineering and VP R&D. Before joining Global-e, he served as the Chief Information Officer at Kaltura, a publicly traded SaaS Video and OTT product company. Zaharoni is a 10+ year veteran of Global-e and current CTO. In her new capacity, Eden will lead a team dedicated to exploring and implementing new breakthrough technologies, particularly in the field of generative AI, to foster innovation across the company's business and operations.
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RANI | Hot Stocks08:07 EST Rani Therapeutics announces topline results from Phase 1 study of RT-111 - Rani Therapeutics Holdings announces topline results from its Phase 1 clinical study of RT-111, a RaniPill capsule containing an ustekinumab biosimilar, CT-P43. In the study, RT-111 was well-tolerated and delivered ustekinumab with high bioavailability. Ustekinumab is a human IgG1 monoclonal antibody that binds with specificity to the p40 protein subunit used by both the interleukin-12 and interleukin-23 cytokines. Currently, ustekinumab is available only as a subcutaneous injection and is marketed in the United States by Janssen as STELARA for the treatment of moderate to severe plaque psoriasis, active psoriatic arthritis, moderate to severe Crohn's disease, and moderate to severe ulcerative colitis, all of which have large unmet medical needs for oral treatment. Sales for STELARA were approximately $6.4 billion in the United States and approximately $9.7 billion worldwide in 2022. Rani's single-center, open label, Phase 1 study of RT-111 was conducted in Australia. The study evaluated the safety, tolerability, and pharmacokinetics of RT-111 in healthy adult volunteers. The study enrolled 20 participants each in RT-111 0.5mg and 0.75mg dose groups, and 15 participants in a STELARA 0.5mg subcutaneous injection group. Pharmacokinetics Oral RT-111 delivered ustekinumab biosimilar in a dose proportional manner and with high bioavailability. Oral RT-111 demonstrated a higher Cmax and shorter Tmax compared to ustekinumab delivered by SC injection. Safety and Tolerability: RT-111 was well-tolerated by all participants in the two RT-111 groups, and no serious adverse events were observed in the study. There was no meaningful difference in incidence of anti-drug antibodies via RaniPill route of delivery, compared to STELARA SC injection. No participants reported difficulty swallowing the capsule and capsule remnants passed from all participants without sequelae. The ustekinumab biosimilar used in RT-111 is manufactured and supplied by Celltrion, under Rani's License and Supply Agreement with Celltrion announced in January 2023. Under that agreement, Celltrion exclusively supplies to Rani the ustekinumab biosimilar drug substance required for RT-111. Rani is granted an exclusive license to use CT-P43 in the development and commercialization of RT-111, and Celltrion is granted a right of first negotiation to acquire worldwide rights to RT-111 following a Phase 1 clinical trial that meets its primary endpoint.
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VCIG | Hot Stocks08:06 EST VCI Global announces new material contract with Reveillon Group - VCI Global Limited announces its engagement by Reveillon Group Sdn Bhd, a Malaysian company operating in the food and beverage as well as the entertainment industry, as its initial public offering consultant. The projected revenue from this consulting service is expected to fall within the USD $4 million to USD $8 million range, subject to the valuation of the IPO. The anticipated IPO for Reveillon Group, aiming to list on Nasdaq, is expected to be completed in 2024/2025. "We are pleased to be selected by Reveillon and look forward to working with the team to provide them with the experience and resources to help them grow and mature. We are eager to share our experiences with Reveillon Group, contributing to the success of their upcoming IPO exercise and further solidifying our position as a trusted IPO consultant," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
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NKLA | Hot Stocks08:06 EST Nikola opens first HYLA hydrogen refueling station in Southern California - Nikola announces the opening of its first HYLA hydrogen refueling station in Southern California. Featuring an advanced modular fueler, the station at 2445 East Guasti Road in Ontario, Calif., represents the latest phase in Nikola's commitment to providing hydrogen refueling solutions for Class 8 trucks. The Ontario station will be capable of fueling up to 40 Nikola hydrogen fuel cell electric Class 8 trucks daily. This station is part of a strategic plan to establish up to 60 hydrogen refueling solutions in the coming years, with nine planned to be in place by the close of Q2 2024. Nikola will provide 24/7 support with on-site HYLA Ambassadors and Operation Technicians, ensuring a seamless and efficient fueling experience for its customers.
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SVRE | Hot Stocks08:04 EST SaverOne 2014 secures new customer, Egged Tours - SaverOne 2014 announced that it has secured a new customer, Egged Tours, with a significant contract to install 300 SaverOne Systems on all of its buses. In the coming month, 80 systems will be installed on Egged's buses, and following that, a further 220 systems are expected to be installed. Egged Tours operates the largest tour bus fleet in Israel.
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OII | Hot Stocks08:04 EST Oceaneering announces Q4 contract wins revenue of approximately $200M - Oceaneering International announced that its Manufactured Products segment won multiple contracts during the fourth quarter of 2023, with anticipated aggregate revenue of approximately $200M. The anticipated revenues from these contracts, primarily with international oil and gas operators and marine construction companies, range in value from less than $10M to greater than $100M...Other contracts booked in the fourth quarter 2023 order intake include scopes of work to supply additional subsea production umbilicals and umbilical termination hardware for projects not mentioned above, Grayloc and Rotator products, and mobility solutions products. Rod Larson, President and Chief Executive Officer, stated, "These contract awards validate the continued necessity for stability in global offshore energy production, and demonstrate customer confidence in our ability to support their operations to meet energy demand. The awards leverage our years of expertise and strengthen our position as a leading provider of high-quality integrated products and services to both energy and non-energy markets. We look forward to delivering our customers' unique work scopes in a safe and timely manner."
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VNDA | Hot Stocks08:04 EST Vanda Pharmaceuticals announces FDA update for supplemental NDA for Hetlioz - Vanda Pharmaceuticals received a notification from the FDA stating that as part of its ongoing review of Vanda's supplemental New Drug Application - sNDA - for Hetlioz in the treatment of insomnia characterized by difficulties with sleep initiation, the FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time. No deficiencies were disclosed by the FDA in the notification, and the FDA stated that the notification does not reflect a final decision on the information under review. The FDA had assigned a Prescription Drug User Fee Act target date of March 4 for the completion of its review of the sNDA. Vanda believes that the timing of the FDA's communication is part of an ongoing violation of the Federal Food Drug, and Cosmetic Act, or FDCA, which requires the FDA to either approve a new drug application or provide an opportunity for a hearing within 180 days after the filing of an application. Because Vanda submitted the sNDA on May 4, 2023, the FDA's deadline under the FDCA was October 31. 2023. The FDA has not complied with the statute and has not timely approved the application or provided an opportunity for a hearing within the statutorily prescribed timeframe. Vanda is also challenging the FDA's approvals of several generic versions of Hetlioz, which have been marketed since 2023.
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STKH | Hot Stocks08:03 EST Steakholder Foods announces inaugural commercial MOU in the private sector - Steakholder Foods announced its inaugural commercial MOU in the private sector with Wyler Farms, among Israel's leading alternative protein producer and premier Tofu producer. The terms of the deal involve Wyler Farms acquiring Steakholder Foods' state-of-the-art 3D Fusion Pro meat printer, along with a subscription to the company's SH Software and its NutriBlend ink for plant-based meat production. The MOU includes expected production of a unique, plant-based 3D printed meat steak to be printed by Wyler Farms using Steakholder Foods proprietary printers and NutriBlend ink. The collaboration, valued at several million U.S. dollars over the coming years, represents a truly significant development in the plant-based meat industry. With both companies committed to driving this collaboration forward, the installation of the Fusion Pro 3D printer is anticipated to be completed between Q4 of 2024 and Q1 of 2025.
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JETMF | Hot Stocks07:58 EST Global Crossing Airlines CEO Edward Wegel to resign - Global Crossing Airlines Group announces the appointment of Chris Jamroz as Executive Chairman and Ryan Goepel as President. Mr. Goepel will continue to serve as CFO. The Board of Directors and Edward Wegel, the Company's CEO, have agreed that Mr.Wegel will resign his duties, rights, and obligations as an officer and Chairman and CEO of the Company, effective immediately. While the Company continues its search for a successor, the leadership team will report to the Executive Chairman of the Board. Ed Wegel will continue to serve on GlobalX's Board of Directors and as a GlobalX Senior Advisor.
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CMND | Hot Stocks07:53 EST Clearmind receives patent approval for psychedelic-based treatment in China - Clearmind Medicine has been granted divisional patent approval by the China National Intellectual Property Administration. The granting of this latest patent establishes both the company's patent protection around its flagship molecule as well as its extensive IP protection in the psychedelic space. Clearmind's IP portfolio consists of fifteen utility patent families, including patents and applications having method of use and composition of matter claims which includes 24 pending patent applications and 27 granted patents in major jurisdictions such as the US, Europe, China, and India.
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AVCNF | Hot Stocks07:53 EST Avicanna enters supply, licensing agreement with pharmaceutical company - Avicanna announces an exclusive supply agreement for two of the Company's proprietary topical products with a multinational pharmaceutical company. Pharma manufactures and markets a wide range of pharmaceuticals across 4 continents and has established commercial infrastructure in the European region that will be utilized for the initial launch of the selected products. Pharma has committed to launch the initial products in 6 European countries during 2024 with expectations of expanding throughout the region shortly after. Avicanna will be earning licensing fees associated to specific milestones and the parties have also agreed to specific minimum order quantities and efforts for Pharma to maintain the exclusivity. The exclusive supply agreement is for the Company's proprietary topical products that have been commercialized in the Canadian market under the RHO Phyto brand across several medical cannabis platforms including MyMedi.ca. Products Selected: The Ultra-CBD cream is a 3% CBD localized cream developed to target dermatology conditions. The cream is enrolled in previously announced observational real world evidence clinical trial with the Hospital for Sick Children related to Epidermolysis Bullosa. The CBG Transdermal Gel is a 2% CBD and 0.5% CBG gel developed to target local inflammatory and pain conditions. The gel is enrolled in previously announced observational real world evidence clinical trial on musculoskeletal pain and inflammation. The products have completed dossiers and will be registered and commercialized under applicable cosmetics legislation providing a route to market with the expected launch during the first half of 2024. The products will be manufactured using the Company's Colombian operations while utilizing Avicanna's own source of cannabinoids from majority owned subsidiary, Santa Marta Golden Hemp S.A.S. Additionally, the two companies have entered into a separate right of first refusal agreement related to the Company's SEDDS technology capsules for the same region.
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NSRCF | Hot Stocks07:49 EST NextSource Materials provides update on Molo Graphite Mine commissioning - NextSource Materialsannounces an update on the commissioning process at its Molo Graphite Mine in southern Madagascar. Since announcing first graphite production in June 2023, the Company has progressed methodically through debottlenecking and optimization activities to achieve the plant nameplate capacity of 17,000 tonnes per annum of SuperFlake graphite concentrate. During this ramp-up process, the Company further identified and is rectifying underperforming equipment in the screening circuit. These constraints have delayed the point at which NextSource expects to reach plant nameplate capacity. Installation of replacement equipment is expected to be complete in April and ramp-up projected to continue until June, with the aim of achieving nameplate capacity in July. As a result of the revised schedule, the Company expects the first commercial shipment and sale of SuperFlake concentrate under offtake agreements to occur in June. Notwithstanding a slower than expected commissioning process, the Company has produced SuperFlake concentrate with a carbon content of over 95% and concentrate is being stockpiled at the mine and at a third-party warehouse facility at the Port of Tulear for shipment as qualifying material for prospective customers. To date, the Company has completed the shipment of almost 60 tonnes of qualifying material to our Battery Anode Facility Technology Partner for testing and conversion into coated, spheronized, purified graphite. On December 12, 2023, the Company announced the results of the "Molo Graphite Mine Expansion NI 43-101 Technical Feasibility Study Report 2023 that proposed an expansion of the Molo Mine up to a production capacity of 150,000 tpa of SuperFlake graphite concentrate. The Company has initiated the environmental permitting process for the expansion of the Molo mine. However, the decision to commence the construction of phase 2 will only be taken once the current initiatives to secure both a binding offtake agreement and sufficient funding for construction costs and working capital are satisfactorily concluded .
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PCCYF | Hot Stocks07:40 EST PetroChina intends to deregister with U.S. SEC, terminate reporting obligations - PetroChina Company announced that the Company intends to deregister with the United States Securities and Exchange Commission and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended. The Company filed a Form 25 with the SEC on August 29, 2022 to delist its American depositary shares from the New York Stock Exchange. The delisting became effective on September 8, 2022.The Company has terminated its ADS program on October 19, 2022. In light of the delisting of the ADSs and the termination of the ADS program, the Company intends to file a Form 15F with the SEC on Feb 5, 2024 to deregister the ADSs and the underlying H shares of the Company, and terminate its reporting obligations under section 13(a) and section 15(d) of the Exchange Act pursuant to Rule 12h-6 under the Exchange Act. Thereafter, all of the Company's reporting obligations under the Exchange Act will be suspended unless the Form 15F is withdrawn or denied. Deregistration and termination of the Company's reporting obligations under the Exchange Act are expected to become effective 90 days after its filing of Form 15F. Once the Form 15F is filed, the Company will publish the information required under Rule 12g3-2(b) of the Exchange Act on its website, http://www.petrochina.com.cn. The Company will continue to comply with its information disclosure and other obligations as a listed company under the relevant rules of The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange as well as other applicable laws and regulations.
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TW | Hot Stocks07:39 EST Tradeweb Markets reports January total trading volume $42.6T - Tradeweb Markets an operator of electronic marketplaces for rates, credit, equities and money markets, reported total trading volume for the month of January 2024 of $42.6T. Average daily volume ADV for the month was a record $2.00T an increase of 74.6% year-over-year YoY . In January 2024, Tradeweb records included: ADV in U.S. government bonds ADV in European government bonds ..ADV in swaps/swaptions = 1-year ..U.S. government bond ADV was up 33.7% YoY to $182.1B . European government bond ADV was up 18.5% YoY to $50.1bn. ..Mortgage ADV was up 23.9% YoY to $219.5bn...To-Be-Announced TBA platform volumes were supported by elevated roll trading activity as well as strong participation from the hedge fund community. Specified pool trading volumes were up 94.5% YoY, driven by increased client adoption and origination executed on the platform. Fully electronic U.S. credit ADV was up 45.0% YoY to $7.1B and European credit ADV was up 16.0% YoY to $2.5B.
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POST | Hot Stocks07:38 EST Post Holdings commences senior secured notes offering - Post Holdings intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $875.0 million in aggregate principal amount of senior secured notes due 2032. The Notes will be secured obligations of the Company and will be guaranteed on a senior secured basis by each of the Company's existing and subsequently acquired or organized wholly-owned domestic subsidiaries that guarantee the Company's credit agreement or certain of its other indebtedness; however, immaterial subsidiaries, receivables finance subsidiaries and subsidiaries the Company designates as unrestricted subsidiaries will not be required to guarantee the Notes. The Company intends to use the net proceeds from the Notes offering, together with cash on hand, for purposes of repaying in full its outstanding $400.0 million incremental term loan under its credit agreement, which the Company borrowed in April 2023, redeeming its existing 5.75% senior notes due 2027 and paying the premiums, costs, fees and expenses associated with the offering, the term loan repayment and the notes redemption. To the extent there are any remaining net proceeds, the Company intends to use such proceeds for general corporate purposes, which could include, among other things, retirement or repayment of existing debt, acquisitions, share repurchases, capital expenditures and working capital. The final terms and amounts of the Notes are subject to market and other conditions and may be materially different than expectations. The offering is not conditioned upon the consummation of the redemption of the Company's 5.75% senior notes due 2027, which is expected to occur on March 1, 2024.
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ONEXF | Hot Stocks07:37 EST Onex completes majority investment in Morson Group - Onex Corporation announced that Onex Partners V has completed a majority investment in Morson Group, a UK engineering and technical staffing and workforce solutions business, with growing operations in the UK, U.S., Italy, Canada and Australia. The investment has been made alongside the founding family CEO Ged Mason and members of the management team. Financial terms were not disclosed. Headquartered in Manchester, United Kingdom, Morson Group provides services including: contingent workforce solutions, relating to the placement of engineering, IT and technical contractors with customers, permanent recruitment and recruitment process outsourcing, related planning workforce support management and training, and engineering consultancy and design services. With a history stretching back over 55 years, the Company employs more than 1,500 people in over 60 locations, with a vision to create a better, more innovative world through inspiring, supporting, reskilling, and nurturing talent. Morson deploys specialist recruitment and engineering expertise on STEM skills in its focus sectors of aerospace, defence, IT and technology, rail, marine, nuclear, multi-disciplined engineering, professional services, construction, and manufacturing.
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PTN | Hot Stocks07:37 EST Palatin announced database lock for Phase 3 trial of dry eye disease candidate - Palatin Technologies announced database lock for its PL9643 MELODY-1 pivotal Phase 3 clinical trial evaluating the safety and efficacy of PL9643 versus vehicle in the treatment of dry eye disease, or DED. MELODY-1 has two co-primary efficacy endpoints: one clinical sign of DED and one clinical symptom of DED. If one or both co-primary end points are met, the study will be deemed a success and the secondary end points will be evaluated using a hierarchical testing strategy. The trial evaluated the safety and efficacy of the melanocortin agonist, PL9643 ophthalmic solution, compared to vehicle in patients with moderate-to-severe DED, for multiple sign and symptom endpoints, after treatment for 12 weeks. The remainder of the Phase 3 program, which includes the Phase 3 safety and efficacy study MELODY-2 and the open label MELODY-3 study are anticipated to commence patient enrollment in the second half of calendar year 2024.
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PTN | Hot Stocks07:37 EST Palatin announced database lock for Phase 3 trial of dry eye disease candidate - Palatin Technologies announced database lock for its PL9643 MELODY-1 pivotal Phase 3 clinical trial evaluating the safety and efficacy of PL9643 versus vehicle in the treatment of dry eye disease, or DED. MELODY-1 has two co-primary efficacy endpoints: one clinical sign of DED and one clinical symptom of DED. If one or both co-primary end points are met, the study will be deemed a success and the secondary end points will be evaluated using a hierarchical testing strategy. The trial evaluated the safety and efficacy of the melanocortin agonist, PL9643 ophthalmic solution, compared to vehicle in patients with moderate-to-severe DED, for multiple sign and symptom endpoints, after treatment for 12 weeks. The remainder of the Phase 3 program, which includes the Phase 3 safety and efficacy study MELODY-2 and the open label MELODY-3 study are anticipated to commence patient enrollment in the second half of calendar year 2024.
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GNPX AZN | Hot Stocks07:36 EST Genprex: First person dosed in Phase 2a expansion of Acclaim-1 trial - Genprex (GNPX) announced that in January, the first patient was enrolled and dosed in the Phase 2a expansion portion of the company's Acclaim-1 clinical study of Reqorsa Therapy in combination with AstraZeneca's (AZN) Tagrisso to treat patients with late-stage non-small cell lung cancer. The company expects to complete enrollment of the Phase 2a expansion study by the end of 2024.
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BBIO | Hot Stocks07:34 EST BridgeBio announces U.S. FDA acceptance of NDA for acoramidis - BridgeBio Pharma announced that the U.S. Food and Drug Administration, FDA, has accepted for filing the Company's New Drug Application, NDA, for acoramidis, an investigational drug for the treatment of ATTR-CM. The application was based on positive results from ATTRibute-CM, the Company's Phase 3 study designed to evaluate the efficacy and safety of acoramidis, an investigational, next-generation, orally-administered, highly potent, small molecule stabilizer of transthyretin, TTR. The FDA has set an action date of November 29, 2024 under the PDUFA. The FDA also notified the Company that it is not currently planning to hold an advisory committee meeting to discuss the application. "The FDA's acceptance of our NDA submission for review reinforces our belief in acoramidis and its potential to make an important contribution to the care of patients with ATTR-CM," said Jonathan Fox, MD, PhD, President and Chief Medical Officer of BridgeBio Cardiorenal. "We look forward to the upcoming review process and the potential for approval in the United States. Similarly, with the European Marketing Authorization Application accepted and with plans to extend our submissions to other countries and regions, we are committed to making acoramidis available to patients."
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VRCA | Hot Stocks07:34 EST Verrica Pharmaceuticals files lawsuit against Dormer Laboratories - Verrica Pharmaceuticals announced that it has filed a lawsuit in the Eastern District of Pennsylvania against Dormer Laboratories, a Canada corporation requesting, among other relief, that the court enjoin Dormer Labs from marketing, selling, and distributing drugs containing cantharidin in the United States, as well as compensatory, statutory and punitive damages for Dormer Labs' violations of the federal Lanham Act and Pennsylvania law. The lawsuit arises out of Dormer Labs' false and misleading advertising and promotion of unapproved cantharidin-containing drugs to health care providers and other customers in the United States.
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BRTX | Hot Stocks07:32 EST BioRestorative presents preliminary data from Phase 2 study of BRTX-100 - BioRestorative Therapies announced the public availability of a poster, presented yesterday at the Orthopaedic Research Society, ORS, 2024 Annual Meeting, which describes preliminary 26 and 52 week blinded data from the ongoing Phase 2 clinical trial of the Company's lead clinical candidate, BRTX-100, in subjects with chronic lumbar disc disease, cLDD. "We are thrilled with the progress of our ongoing clinical development programs. With regard to the Phase 2 study investigating the use of BRTX-100 in the treatment of cLDD, we are strongly encouraged by the preliminary data presented at ORS 2024. The preliminary clinical data shows meaningful signals in patients enrolled in the study and, importantly, no notable safety signals," said Lance Alstodt, Chief Executive Officer of BioRestorative.
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MBOT | Hot Stocks07:31 EST Microbot Medical submits an IDE application with U.S. FDA - Microbot Medical announced that it has filed an Investigational Device Exemption, IDE, application with the US Food and Drug Administration, FDA. The IDE application follows the completion of multiple preclinical activities performed to provide preliminary safety and effectiveness information, and its approval by the FDA would allow the company to commence its pivotal human clinical trial in the United States. "This is an important milestone for the company, and it is another step forward in our journey to achieve FDA clearance for the LIBERTY Endovascular Robotic Surgical System," said Harel Gadot, CEO, President and Chairman of Microbot Medical.
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ELBM | Hot Stocks07:27 EST Electra Battery says 'optimizations' improve critical minerals revoveries, sales - Electra Battery Materials provided an update on its battery materials recycling trial taking place at the Ontario refinery complex. Recent optimizations have resulted in additional improved recoveries of lithium, nickel, cobalt and other critical minerals, further bolstering the quality of saleable products. At this time, the plant-scale black mass recycling trial is largely complete, and the Company is compiling an internal report detailing the proprietary methodologies used, as well as various optimizations and modular growth scenarios. "Throughout this 12-month demonstration operation, our team has continued to refine and optimize the processes resulting in successive improvements to the saleable products...Electra has improved its lithium carbonate product quality by nearly 20% from its initial processing and product quality is now approaching "technical grade" lithium carbonate. Discussions are ongoing with lithium companies to assess the tradeoffs between collaboration or producing a technical grade in-house. ..Manganese recovery rate has been further improved to approximately 95% by strategically modifying the use and sequencing of reagents...Continued optimization studies are underway, including metal recovery from internal recycling streams such as reusing tailings water as process water to feed the plant, thus making the process entirely closed circuit with minimal environmental impacts. Preliminary results of laboratory work to explore the potential of isolating cobalt from nickel contained in the leach liquor using hydrometallurgical methods are positive. Isolating the cobalt could improve the overall payability of both the resultant cobalt and nickel product...Recovery rates for all targeted metals - lithium, nickel, cobalt, graphite, and manganese - have improved since the start of the trial in December 2022...The reduction in reagent use and substitution of certain reagents are expected to lower operating expenses, thereby improving the economics of continuous recycling operations.
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OPXS | Hot Stocks07:20 EST Optex Systems secures $2.8M award for Laser Protected Periscopes, Vision Blocks - Optex Systems Holdings has been awarded a new five year Indefinite Delivery Indefinite Quantity contract from the United States Defense Logistics Agency Land and Maritime for Sighting Systems. The maximum value for the five year IDIQ is estimated at $2.8 Million. The Laser Protected Periscopes and Vision Blocks are critical in mission capability for armored vehicles fielded by the U.S. Military.
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IE | Hot Stocks07:19 EST Ivanhoe Electric reports drill results from program at Hog Heaven project - Ivanhoe Electric Executive Chairman, Robert Friedland and President and CEO Taylor Melvin report recent drill results from the ongoing exploration program at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. Mr. Melvin commented: "We are encouraged by the recent drill results at our Hog Heaven Project in Montana. Our team continues to find widespread mineralization, which appears to remain open in several directions. We believe the data obtained from recent drilling provides evidence of a nearby porphyry source. Additionally, we recently completed a TyphoonTM geophysical survey over parts of the district. The results of the survey, which we will receive in late February, will assist our team in targeting future exploration efforts." Hog Heaven exploration drilling continues to intersect broad zones of precious and base metal mineralization. The Hog Heaven district consists of several high-sulfidation epithermal mineral deposits and prospects, as well as several historical mines, including the Flathead Mine. The ongoing drill program, which began in June 2023, is designed to search for additional silver, gold, and copper-rich high-sulfidation epithermal mineralization, which was the focus of historical mining activities. Our program is also intended to search for porphyry copper mineralization at depth. Ivanhoe Electric's current exploration drill program at Hog Heaven, as first reported in our October 2023 news release, has now completed twelve drill holes totaling 10,905 meters. Exploration drilling has stepped out to the west and southwest, where mineralization remains open. One diamond drill rig is currently on site and will operate through the winter as weather permits. Assays have been received for nine holes, with assays pending for three holes in addition to HHD-013, which is currently being drilled.
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IRMTF | Hot Stocks07:17 EST Information Services EVP, registery operations Ken Budzak to retire - ISC also announces the upcoming retirement of Ken Budzak, Executive Vice President, Registry Operations, effective May 2024. During this transition period, the Company will undertake a process to fill the role, ensuring it aligns with our strategic objectives, while the strong team Ken has built will continue to provide the exceptional performance and service that our customers are accustomed to.
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EVBG | Hot Stocks07:16 EST Everbridge to resume trading at 7:30 am ET - Everbridge is set to resume trading at 7:30 am ET, with quotes to resume at 7:25 am ET, according to Nasdaq. Shares were halted, pending news, ahead of the company announcing that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing Everbridge at approximately $1.5B, or $28.60 per share in cash.
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HSDT | Hot Stocks07:14 EST Helius Medical expands presence at 2025 APTA CSM - Helius Medical Technologies is expanding its presence at the 2024 American Physical Therapy Association, APTA, Combined Sections Meeting, CSM, held February 15 through February 17 at the Boston Convention and Exposition Center: In addition to exhibiting its innovative Portable Neuromodulation Stimulator at booth 7074, the company also is hosting an after-hours event on February 16. "Physical therapists are integral to the success of PoNS Therapy. PoNS Therapy requires them to use their clinical expertise to develop an appropriate treatment regimen that addresses the patient's specific deficits with a goal of improving their gait," said Whitney Patrickson, DPT, Helius' Director of Physical Therapy. "We're eager to engage with CSM attendees to discuss the therapeutic benefit as well as the flexibility and latitude that PoNS offers in tailoring the therapy to the needs of each patient."
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CNNEF | Hot Stocks07:14 EST Canacol Energy sees 2024 capital budget $138M-$151M - Canacol Energy provides its capital and gas sales guidance for 2024. The Corporation announces that its 2024 capital budget is between $138 million and $151 million. Forecast average realized contractual gas sales for 2024, which include downtime, are anticipated to range between 160 and 177 million cubic feet per day. The Corporation's firm 2024 take-or-pay contracts alone average 124 MMcfpd, net of contractual downtime. The average wellhead sales price, net of transportation costs, is approximately $6.04/Mcf for our firm take-or-pay contracts. The average wellhead sales price net of transportation costs, is expected to average $6.59/Mcf. Forecast interruptible sales include potential sales to the Celsia-operated Tesorito gas-fired power plant, in which the Corporation holds a 10% stake. The plant operates intermittently to supply electricity to the national grid during periods of high electrical demand. When operating at full capacity the plant will consume approximately 40 million standard cubic feet per day to generate around 200 MW of electricity. Charle Gamba, President and CEO of Canacol, stated: "As we previously stated, the Corporation's long-term plan is focused on i) maintaining and growing our reserve base and production from our core assets in the Lower Magdalena Valley Basin, targeting the full use of existing transportation infrastructure; ii) exploring high impact exploration opportunities in the Middle Magdalena Valley Basin; iii) strategic entrance into the gas market in Bolivia, and iv) continue to improve our ESG scores. For 2024, the Corporation is focused on the following objectives: 1) In line with maintaining and growing our reserves and production in our core gas assets in the Lower Magdalena Valley Basin we have planned comprehensive development and exploration programs. We aim to optimize our production and increase reserves by drilling up to 5 development wells, install new compression and processing facilities as required, and workover operations of producing wells in our key gas fields. We will also drill 4 exploration wells, complete the acquisition of 249 square kilometers of 3D seismic to add new reserves and production and to identify new drilling prospects. These development and exploration activities are planned to support our robust EBITDA generation and allow us to capitalize on strong market dynamics in 2024. 2) Maintaining a low cost of capital, cash liquidity and balance sheet flexibility to invest for the long term. In a year of expected, highly supportive gas market dynamics, we are tactically prioritizing investments in the LMV and have therefore decided to postpone drilling of the Pola 1 exploration well located in the Middle Magdalena Valley Basin to 2025. 3) Bolivia: achieve the government's approval of a fourth E&P contract that covers an existing gas field reactivation, to begin development operations with a view to adding reserves and production and commencing gas sales in 2025. 4) Continue with our commitment to our environmental, social and governance strategy."
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ORTX KYKOF | Hot Stocks07:13 EST Orchard Therapeutics announces first patient randomized in trial of OTL-203 - Orchard Therapeutics (ORTX), recently acquired by Kyowa Kirin (KYKOF) with the goal of accelerating the delivery of new gene therapies to patients around the globe, announced the first patient has been randomized at the M Health Fairview Masonic Children's Hospital in a registrational trial evaluating the efficacy and safety of OTL-203, an investigational hematopoietic stem cell gene therapy, in patients with the Hurler subtype of mucopolysaccharidosis type I, MPS-IH. The trial, referred to as HURCULES, compares treatment with OTL-203 to standard of care with allogeneic hematopoietic stem cell transplant, and is expected to enroll 40 MPS-IH patients at sites across the U.S. and Europe. "This is a substantial milestone in the development of OTL-203 as we work toward bringing an important new treatment option to children with MPS-IH and their families," said Leslie Meltzer, Ph.D., chief medical officer of Orchard Therapeutics. "Previously reported results from an earlier proof-of-concept study in patients showed robust metabolic correction, continued cognitive, motor, and physical development, as well as early improvements in skeletal, ocular and auditory health demonstrating that one-time treatment with OTL-203 has the potential to positively impact a broad range of clinical manifestations not fully addressed by the current standard of care."
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MRT | Hot Stocks07:12 EST Marti Technologies acquires assets of Zoba, no terms - "Marti Technologies and Zoba announced that Marti has acquired all of the intellectual property and software assets of Zoba. Founded by Harvard and MIT graduates, Zoba's AI-powered SaaS platform and dynamic fleet optimization algorithms are expected to enable two-wheeled electric vehicle operators to generate more revenue and reduce their field operations costs," said the companies in a release. "As part of our efforts to increase revenue and reduce the costs of our two-wheeled electric vehicle operations, we performed pilot projects with several optimization software providers. We achieved the best results using Zoba's software, and are excited to bring onboard this best-in-class software in an effort to increase the availability of our vehicles for our riders and reduce our field operations costs," said Oguz Alper Oktem, CEO of Marti. "While Zoba's software was originally built to optimize two-wheeled electric vehicle operations, we plan to further develop the operations of our ride-haling business from its solid base. Zoba's software is expected to serve as the foundation for the continuous improvements we make to critical components of our ride-hailing business, including our rider-driver matching algorithm and our dynamic pricing engine."
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DORM | Hot Stocks07:12 EST Dorman Products releases fifth edition of award-winning OE Fix Guide - Dorman Products is announcing the release of OE FIX Guide Vol. 5, its award-winning publication highlighting its most innovative automotive repair solutions designed to help mechanics make faster, longer-lasting repairs. "We have heard from auto service centers around North America who read and enjoyed the OE FIX Guide and have been looking forward to this latest edition," said Steve Gisondi, Dorman's VP of Marketing. "This latest volume further incorporates the feedback we've heard by continuing to describe in detail our most helpful repair solutions as well as tell the stories behind our brand that wrenches have trusted for more than a century."
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BTAI | Hot Stocks07:11 EST BioXcel Therapeutics announces USPTO's allowance of patent application - BioXcel Therapeutics announced that the United States Patent and Trademark Office, USPTO, has allowed U.S. Patent Application No. 17/496,470 with claims pertaining to a method of treating agitation in patients with Alzheimer's disease using the oromucosal administration of 60 mcg of dexmedetomidine in a water-soluble dosage form. The broad claims encompass film formulations such as BXCL501, tablets, or wafers. The patent, when issued, is expected to have an expiration date of Dec. 29, 2037, subject to patent term adjustment, PTA, patent term extension, PTE, and terminal disclaimers. The Company also announced that it has received an issue notification from the USPTO for U.S. Patent Application No. 17/993,422, from which U.S. Patent No. 11,890,272 is expected to issue on Tuesday, Feb. 6, 2024. The '272 patent claims a method of treating agitation associated with schizophrenia or bipolar disorder through oromucosal administration of about 120 mcg to about 180 mcg of dexmedetomidine where the patient has a QT interval of less than 470 msec. This patent, when issued, is expected to have an expiration date of July 17, 2040, subject to PTA, PTE, and terminal disclaimers. It will be submitted for listing in the United States Food and Drug Administration's Approved Drug Products with Therapeutic Equivalence Evaluations in addition to the seven currently listed U.S. patents for IGALMI sublingual film.
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VLCN | Hot Stocks07:10 EST Volcon appoints John Kim as CEO - Volcon announces that John Kim has been appointed CEO. Kim has served on Volcon's Board of Directors as an independent director since July 2021. Kim has come out of retirement to lead Volcon's successful market launch of the Stag. Prior to joining Volcon's Board of Directors Mr. Kim was an accomplished serial entrepreneur, product designer and is currently a private investor. Mr. Kim was the CEO and founder of Super73.
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ARQQ | Hot Stocks07:09 EST Arqit Quantum, Carahsoft announce partnership - Arqit Quantum and Carahsoft Technology announced a partnership. Under the agreement, Carahsoft will be Arqit's Master Government Aggregator, making Arqit's unique Symmetric Key Agreement Platform available through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement, SEWP, V, Information Technology Enterprise Solutions - Software 2, ITES-SW2, National Association of State Procurement Officials, NASPO, ValuePoint, E&I Cooperative Services Contract and OMNIA Partners contracts. "We are pleased to partner with Carahsoft to enable organizations to benefit from our unique Symmetric Key Agreement Platform, which hardens existing networks up to quantum-safe levels," said David Williams, Arqit Founder, Chairman and CEO. "Using our groundbreaking product, end-customers can simplify and strengthen their encryption to keep their data safe from current and future cyber threats."
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EVBG | Hot Stocks07:09 EST Everbridge to be acquired by Thoma Bravo for $1.5B in cash - Everbridge announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing Everbridge at approximately $1.5B. Upon completion of the transaction, Everbridge will become a privately held company. Under the terms of the agreement, Everbridge shareholders will receive $28.60 per share in cash. The per share purchase price represents a 32% premium to the Everbridge volume-weighted average share price over the last 90 days. The transaction, which was approved by the Everbridge board of directors, is expected to close in the second calendar quarter of 2024, subject to customary closing conditions, including approval by Everbridge shareholders and the receipt of required regulatory approvals. The transaction is not subject to a financing condition. The agreement includes a 25-day "go-shop" period expiring on February 29, 2024, which permits the Everbridge Board and its advisors to actively initiate and solicit alternative acquisition proposals from certain third parties, as described in the merger agreement. The Everbridge board has the right to terminate the merger agreement to accept a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this "go-shop" will result in a superior proposal, and Everbridge does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required. Upon completion of the transaction, Everbridge common stock will no longer be listed on any public stock exchange. The company will continue to operate under the Everbridge name and brand.
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IAS META | Hot Stocks07:10 EST Integral Ad expands AI-driven safety and suitability measurement to Meta - Integral Ad Science's (IAS) AI-driven Total Media Quality Brand Safety and Suitability Measurement product is now generally available across Meta's (META) Facebook and Instagram Feed and Reels. IAS's new post-bid Brand Safety and Suitability Measurement expansion with Meta aims to give advertisers increased transparency into whether their campaigns are appearing next to safe and suitable content. Advertisers can leverage IAS Signal, its unified reporting platform that delivers the data and insights advertisers need to easily manage their digital campaigns. IAS and Meta's partnership began in 2016 when IAS launched viewability verification on Facebook. In 2017, IAS expanded its viewability measurement and reporting across Facebook, Instagram, and Facebook's Audience Network.
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MGY | Hot Stocks07:08 EST Magnolia Oil & Gas announces 13% increase to quarterly dividend rate - Magnolia Oil & Gas announced that its Board of Directors has declared a cash dividend of 13c per share of Class A common stock, and a cash distribution of 13c per Class B unit, payable on March 1 to shareholders of record as of February 16. Today's announcement represents a 13% increase to Magnolia's quarterly dividend rate and would provide an annualized dividend of 52c per share. This is the third consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by our record of executing on our strategy and improving the business in 2023, during which Magnolia's total production grew 9% and our share repurchase activities reduced our outstanding shares 4%," said Chris Stavros, Magnolia's President and CEO. "Magnolia's principles of maintaining low leverage with disciplined capital spending, generating modest annual production growth and sustaining high pre-tax margins delivers steady and consistent free cash flow. This strategy improves Magnolia's dividend per share payout capacity, allowing for above average and consistent annual dividend growth that is superior to that of our peers. Importantly, Magnolia's dividend is secure at significantly lower product prices, which will appeal to long-term investors who value dividend safety through commodity cycles. Delivering a sustainable, safe and growing dividend is a key component of Magnolia's total shareholder return strategy."
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NVNI | Hot Stocks07:08 EST Nuvini appoints Joao Antonio Dantas Bezerra Leite to board of directors - Nuvini Group announces the appointment of Mr. Joao Antonio Dantas Bezerra Leite as Board Member and Audit Committee Chair. He served as a Managing Director at Banco Itau S.A., the largest private bank in Latin America, from 1996 to 2019, where he held several executive positions as Chief Technology Officer, Chief Security Officer, Chief Information Officer for the Credit Cards and Insurance business divisions and served as Chief Information Officer for Rede S.A., one of the largest electronic payment solutions provider in Brazil.
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MAC | Hot Stocks07:08 EST Macerich announces Hsieh to become CEO when CEO O'Hern retires - The Macerich Company announced that Jackson Hsieh will become the President and Chief Executive Officer, CEO, of Macerich on March 1, 2024, following the retirement of Thomas O'Hern after 30 years of service to the Company. O'Hern will serve as an advisor to the Company through June 30, 2024, to ensure a smooth transition. Hsieh's appointment as President and Chief Executive Officer follows an extensive search process by the Board with the assistance of Ferguson Partners, a prominent global executive recruitment firm. Concurrent with O'Hern's retirement, President Edward Coppola will also be retiring from the Company.
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SON | Hot Stocks07:06 EST Sonoco Products to close uncoated paperboard mill in Sumner, Washington - Sonoco Products Company will permanently close its uncoated paperboard mill operations in Sumner, Washington effective immediately. The mill has been in operation since 1915 and owned by Sonoco since 1980. It has a capacity of 40,000 tons per year. This decision was made as part of Sonoco's ongoing strategy to optimize our mill network and lower operating costs. Current customers will continue to be served from other Sonoco mill operations. The closure is expected to impact 55 employees and Sonoco will offer severance benefits to the impacted employees.
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SMFL | Hot Stocks07:06 EST Smart for Life selects SGS Nutrasource to support global strategic expansion - Smart for Life announced that it has selected SGS Nutrasource, a premier global contract research organization, CRO, to assist Smart for Life in the analysis of various regulatory, product development, and testing solutions for its products and dietary supplements, as Smart for Life accelerates its M&A activity. "The SGS Nutrasource services are a central component of our compliance strategy and our commitment to all current regulatory guidelines as we continue to expand our product lines through accretive acquisitions," stated Darren Minton, CEO of Smart for Life. "SGS Nutrasource has an impeccable reputation for excellence in science and regulation, not only in the U.S. and Canada, but globally. Having access to this industry-leading level of expertise allows us to differentiate our products, register new products in countries around the world where they specialize, in addition to driving value for shareholders as we embark on the next phase of our M&A strategy."
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WFG | Hot Stocks07:05 EST West Fraser Timber announces closure of Hinton Pulp sale - West Fraser Timber announced that the company has completed the sale of its Hinton Pulp mill to Mondi Group following completion of Canadian regulatory reviews and satisfaction of customary closing conditions. "We would like to thank our dedicated employees, the community of Hinton, and the Government of Alberta, for their efforts in helping close this transaction," said Sean McLaren, President & CEO West Fraser. "The future of the Hinton Pulp mill is bright." Hinton Pulp produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fiber supply agreement.
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LXEO | Hot Stocks07:05 EST Lexeo Therapeutics announces new executive appointments - Lexeo Therapeutics announced new executive appointments to lead the evolution of the company's pipeline into late-stage clinical development. Sandi See Tai, MD, has been promoted to Chief Development Officer. Prior to Lexeo, Dr. See Tai was VP & Development Head for Rare Disease at Pfizer, responsible for setting the Rare Disease internal portfolio strategy and delivering its clinical development portfolio of investigational products and in-line assets. Eric Adler, MD, has been appointed Chief Medical Officer & Head of Research. As a pioneer and thought leader in cardiovascular gene therapy, Dr. Adler formerly served as Chief Scientific Officer at Lexeo since joining in 2022. Rajiv Patni, MD, has been appointed Senior Advisor to the CEO and Board of Directors of Lexeo. Dr. Patni was formerly Chief Research and Development Officer at Reata Pharmaceuticals Jenny R. Robertson has been appointed Chief Business and Legal Officer. Ms. Robertson formerly served as Chief Legal and Administrative Officer at Lexeo, leading legal, human resources, information technology, information security, and facilities strategies and activities. Prior to Lexeo, Ms. Robertson served as Chief Counsel to Pfizer's Oncology Business.
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JKS | Hot Stocks07:05 EST JinkoSolar repurchased 400,000 ADSs under extended share repurchase program - JinkoSolar announced that between December 20, 2023 and February 2, 2024, the company repurchased 400,000 ADSs in an aggregate amount of approximately $11.8M in the open market under its previously announced extended share repurchase program. On July 6, 2022, the company announced a share repurchase program, which authorizes the company to repurchase up to $200M of its ordinary shares represented by ADSs for an 18-month period. On December 20, 2023, the company extended this share repurchase program for an additional 18-month period through June 30, 2025. As of this date, approximately $179.1M of the company's ordinary shares represented by the ADSs under the extended share repurchase program had not been utilized.
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MCD | Hot Stocks07:04 EST McDonald's reports Q4 global SSS up 3.4%, U.S. SSS up 4.3% - Fourth quarter financial performance: Global comparable sales increased 3.4%, reflecting positive comparable sales across all segments. U.S. increased 4.3%. International Operated Markets segment increased 4.4%. International Developmental Licensed Markets segment increased 0.7%, reflecting the impact of the war in the Middle East. Consolidated revenues increased 8% (6% in constant currencies). Systemwide sales increased 6% (5% in constant currencies).
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MARA | Hot Stocks07:04 EST Marathon Digital produced 1,084 bitcoin in January - Marathon Digital published unaudited bitcoin production and miner installation updates for January 2024. "In January, we increased our energized hash rate 7% to 26.4 exahash as our team worked to address several temporary disruptions that negatively impacted our production," said Fred Thiel, Marathon's chairman and CEO. "These disruptions included weather-related curtailment and equipment failures that led to site outages and reduced our average operational hash rate 14% to 19.3 exahash in January. Additionally, total network rewards decreased 14% month-over-month as transaction fees, which spiked in the prior month and represented 22% of our overall production in December, declined to 11% of our overall production in January. As a result, we produced 1,084 BTC in January, 42% less than we produced in December. Our team is addressing the short-term disruptions and working to bring our sites back to full strength. We expect hash rate to improve over the next few weeks."
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NRXP | Hot Stocks07:04 EST NRx Pharmaceuticals announces incorporation of Hope Therapeutics - NRx Pharmaceuticals announced the incorporation of Hope Therapeutics, a biotechnology company dedicated to bringing NRX-100, or IV Ketamine, which will be re-designated HTX-100, a potentially lifesaving treatment option for patients with Suicidal Depression. The company will initially be owned by NRx and its current shareholders, who will receive their shares in the form of a dividend with an accompanying royalty coupon tied to future sales of HTX-100, subject to board approval. This is designed with counsel to not be a taxable event for shareholders. Hope is dedicated to providing an FDA-approved presentation of IV Ketamine, manufactured to current federal standards, in a diversion- and abuse-deterrent presentation. A new drug application, or NDA, is planned for the first half of 2024, based on more than 1,000 patients treated in well-controlled trials of ketamine in Suicidal Depression together with HOPE's expertise in sterile products formulation. Importantly, the company intends to provide patient and reimbursement support for all of its patients and their clinics. NRx also expects to convene a shareholder meeting in the coming weeks to vote on the planned structure of the spin-out of Hope Therapeutics and the stock dividend. The company further announces cancellation of the previously announced February 7 shareholder meeting to approve the option of a reverse stock split to maintain Nasdaq compliance; this will be rescheduled, if necessary.
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BMY TSVT | Hot Stocks07:03 EST Bristol Myers and 2seventy Bio's application for Abecma to be reviewed by FDA - Bristol Myers Squibb (BMY) and 2seventy bio (TSVT) announced that a notice was published in the Federal Register that the FDA will convene a virtual meeting of the Oncologic Drugs Advisory Committee - ODAC - on March 15, to review data supporting the supplemental Biologics License Application for Abecma for triple-class exposed relapsed or refractory multiple myeloma, based on results from the pivotal Phase 3 KarMMa-3 study. The companies anticipate that the ODAC will review data related to the secondary endpoint of overall survival from the study. Abecma is being jointly developed and commercialized in the U.S. as part of a Co-Development, Co-Promotion, and Profit Share Agreement between Bristol Myers Squibb and 2seventy bio. Abecma was recently approved in Japan for patients with relapsed or refractory multiple myeloma who have received at least two prior therapies. Abecma also received a positive opinion for marketing authorization from the Committee for Medicinal Products for Human Use of the European Medicines Agency for patients with triple-class exposed relapsed and refractory multiple myeloma after at least two prior therapies. Regulatory applications for Abecma for this patient population remain under review with the EMA and Swissmedic.
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BAM | Hot Stocks07:02 EST Brookfield announces $10B closing for second Global Transition Fund - Brookfield Asset Management has raised $10 billion in the first closing of the second Brookfield Global Transition Fund, inclusive of fund commitments and strategic capital from our investor base. The Fund continues to see significant support from both existing and new investors, cementing Brookfield's position as the world's largest transition investor among private fund managers. BGTF II is co-headed by Mark Carney and Connor Teskey and focuses on investments to accelerate the global transition to a net zero economy while delivering strong risk-adjusted returns for investors. The Fund continues the predecessor fund strategy of investing in the expansion of clean energy, the acceleration of sustainable solutions, and the transformation of companies operating in carbon-intensive sectors to more sustainable business models. The Fund's seed portfolio includes a UK onshore renewables developer and a solar development partnership in India, and the pipeline of further investment opportunities is robust. Brookfield is targeting a larger fundraise for BGTF II than its predecessor fund and continues to see a significant acceleration in transition opportunities globally. The Fund is the successor of the inaugural Brookfield Global Transition Fund which closed on a record $15 billion, inclusive of fund commitments and strategic capital from our investor base in June 2022, making it the largest such fund in the world. The capital in BGTF I is now substantially deployed or committed to a range of landmark investments across renewable power, business transformation, carbon capture and storage, renewable natural gas, and nuclear services opportunities. All investments are managed to science-based sector pathways for net zero and the total impact of BGTF I, measured in avoided emissions, is on track to exceed the combined annual emissions of New York City, London and Toronto. Fundraising for BGTF II is expected to conclude in Q3 of this year.
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MCD | Hot Stocks07:02 EST McDonald's reports Q4 global SSS up 3.4%, U.S. SSS up 4.3% - "Our global comparable sales growth of 9% for the year is a testament to the tremendous dedication of the entire McDonald's System," said McDonald's President and CEO Chris Kempczinski. "Strong execution of our Accelerating the Arches strategy has driven over 30% comparable sales growth since 2019 as our talented crew members, and the industry's best franchisees and suppliers have demonstrated proven agility with a relentless focus on the customer. By evolving the way we work across the System, we remain confident in the resilience of our business amid macro challenges that will persist in 2024."
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EVBG | Hot Stocks06:59 EST Everbridge halted, news pending
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DTC | Hot Stocks06:54 EST Solo Brands announces leadership additions - Solo Brands announced two leadership appointments: Laura Coffey as CFO and Michael McGoohan to the newly created position of Chief Growth Officer and Executive VP. Coffey will lead the company's financial operations and McGoohan will lead the company's commercial operations and strategic growth initiatives. Coffey most recently she served as EVP and CFO for The Vitamin Shoppe from 2020 to 2023. Coffey's experience includes 23 years at Pier 1 Imports. She also served as EVP of Planning & Allocations and EVP of E-Commerce and Business Development. Coffey began her career at KPMG. McGoohan most recently served as Chief Marketing Officer for Central Garden & Pet since 2020. He also served as Chief Marketing Officer at Performance Health. McGoohan spent four years at Mondelez International in various roles.
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EL | Hot Stocks06:51 EST Estee Lauder announces restructuring plan, 3%-5% headcount reduction - The company announced it is further expanding its Profit Recovery Plan for fiscal years 2025 and 2026 to include a restructuring program. The now-larger overall plan is focused on rebuilding stronger, more sustainable profitability, supporting sales growth acceleration and increasing speed and agility. The plan is designed to improve gross margin, lower the cost base and reduce overhead expenses, while increasing investments in key consumer-facing activities. Upon completion of this plan, the Company expects to have improved its gross margin and expense base to drive greater operating leverage for the future. The restructuring program will begin during the Company's fiscal 2024 third quarter. Specific initiatives under this restructuring program are expected to be substantially completed by the end of fiscal 2026. The restructuring program's main focus includes the reorganization and rightsizing of certain areas of the Company as well as simplification and acceleration of processes. In connection with the restructuring program, at this time the Company estimates a net reduction in the range of approximately 3-5% of its positions as of June 30, 2023. This reduction takes into account the elimination of some positions as well as retraining and redeployment of certain employees in select areas. Once fully implemented, the Company expects to take restructuring and other charges of between $500 million and $700 million, before taxes, consisting of employee-related costs, contract terminations, asset write-offs and other costs associated with implementing these initiatives. The program is expected to yield annual gross benefits of between $350 million and $500 million, before taxes, of which a portion is expected to be reinvested in consumer facing areas to drive sustainable, profitable growth. The Company now expects to drive incremental operating profit through the initiatives in the Profit Recovery Plan of $1.1 billion to $1.4 billion, including net benefits from the restructuring program. This is an increase from the $800 million to $1 billion previously communicated. The plan is anticipated to enable the realization of nearly all of the expected benefits in fiscal years 2025 and 2026, more than half of which is expected to benefit fiscal 2025 operating profitability. The Company remains optimistic about the long-term prospects and future growth opportunities in global prestige beauty. As part of this plan, the Company expects to increase its investments in the strong equity and desirability of its brands to drive sustainable growth, and believes it is well-positioned to drive better diversified growth across its portfolio. The Company continues to monitor the effects of the global macro environment, including the risk of recession; currency volatility; inflationary pressures; supply chain challenges; social and political issues; regulatory matters, including the imposition of tariffs and sanctions; geopolitical tensions; and global security issues. The Company is also mindful of inflationary pressures on its cost base and is monitoring the impact on consumer preferences.
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JEF | Hot Stocks06:48 EST Jefferies Financial Group agrees sale of OpNet operations to Wind Tre - Jefferies Financial Group agreed to the sale by OpNet, the Italian wireless broadband provider formerly known as Linkem, of substantially all of OpNet's operations to Wind Tre, a subsidiary of CK Hutchison Group Telecom Holdings, or CKHGT. The sale consideration will be EUR485M, subject to certain adjustments, that will consist of cash in an amount sufficient to satisfy all of OpNet's financial debt, transaction costs and other cash obligations and approximately EUR225M to be paid also in cash or, at CKHGT's election, in three-year notes issued by CKHGT that are similar to CKHGT's publicly listed investment-grade bonds and are marketable. In addition to the consideration of the CKHGT notes, OpNet will retain majority ownership in other operating telecom companies, resulting in approximately EUR320M in final value to Jefferies from this transaction. This sale is subject to regulatory approvals and is anticipated to close in Q2 or Q3.
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EL | Hot Stocks06:46 EST Estee Lauder announces restructuring plan
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MKTX | Hot Stocks06:44 EST MarketAxess reports January total ADV up 6.9% y-o-y - MarketAxess announced monthly trading volume and preliminary variable transaction fees per million - FPM - for January 2024. Highlights include: total credit average daily trading volume, or ADV, of $15.0B, up 6.9% vs. prior year. U.S. high-grade ADV of $7.5B, up 20.2% from the prior year. Estimated market share of 19.1%, down slighly from 19.5% in the prior year. U.S. high-yield ADV of $1.4B, down 25.4% vs. the prior year. Estimated market share of 13.0%, down from 16.8% in the prior year. U.S. high-yield estimated market ADV decreased 3.8% versus the prior year. The decrease in U.S. high-yield estimated market share year-over-year was driven was driven, in part, by lower levels of credit spread volatility, a greater focus on the new issue calendar by long-only client segment, and a higher mix of lower-rated bonds in U.S. high-yield TRACE market volumes, which are less likely to trade on electronic platforms. Lower levels of credit spread volatility drove an estimated 34.5% decrease in ETF market maker client activity on the platform. Record emerging markets ADV of $3.7 billion, up 8.2%. The year-over-year increase was driven by record hard currency trading volume, up 12.4%, and 18.2% growth in local currency markets trading volume. Eurobonds ADV of $1.9 billion, up 0.5%. Municipal bond ADV of $405M, down 21.5% with estimated market ADV down 26.1%. Estimated market share of 6.2%, up from 6.0% in the prior year. Record $18.3B in total portfolio trading volume, up 88.4% from January 2023, and up 35.9% from December 2023 levels. 35% Open Trading share of total credit trading volume, in line with the prior year. Total Rates ADV of $16.9 billion, down 25.1%. The preliminary FPM for total credit for January 2024 was approximately $156, down from $160 in the prior year, but in line with the $156 reported for 4Q23. The decline in total credit FPM compared to the prior year was due principally to product and protocol mix shift. The preliminary FPM for total rates was $5.30, compared to $4.19 in the prior year.
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AULT | Hot Stocks06:39 EST Ault Inc.'s Sentium announces 121 Bitcoin mined in January 2024 - Ault Alliance announced that its wholly owned subsidiary, Sentinum, mined approximately 121 Bitcoin in January 2024. Of this total, approximately 65 Bitcoin were mined at Sentinum's data center in Michigan, with the remaining approximately 56 Bitcoin from mining machines hosted with Core Scientific. The January mining operations represent a current Bitcoin mining operations annual run rate of approximately $62M worth of Bitcoin. The mining run rate is based upon a current Bitcoin price of approximately $42,700.
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LLAP | Hot Stocks06:39 EST Terran Orbital enters agreement with investor group on board appointment - Terran Orbital has entered into an agreement with the investor group comprised of Sophis Investments, Sophis GP, Tassos Recachinas, Roark's Drift, Joseph Roos, Jordi Puig-Suari, Roland Coelho, and Austin Williams. Under the terms of the Agreement, the company's Board, in consultation with the Investor Group, has agreed to identify and appoint an independent director to fill its vacant seat caused by the passing of Anthony Previte. The company remains committed to exploring a number of value creating initiatives as part of its ongoing strategic review process, including those related to the company's operations, financial performance - including potential opportunities for cost reduction -, and corporate governance, among others. In connection with the agreement, the parties have also agreed to customary standstill voting, and other commitments.
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HBB | Hot Stocks06:39 EST Hamilton Beach acquires HealthBeacon, terms undisclosed - Hamilton Beach announced that through its Hamilton Beach Health subsidiary it has acquired HealthBeacon, a medical technology firm and strategic partner of the company. HealthBeacon develops connected devices that enable patients with chronic conditions to manage their injectable medication regimens at home and provides other health services. HealthBeacon operates in the United Kingdom, Europe, North America, and Australia. Its revenue model is subscription based. HealthBeacon has approximately 50 employees, including engineers, data scientists, software developers, technicians, designers and customer care representatives, and has obtained more than 30 design and utility patents. HealthBeacon was founded in 2013 in Dublin, Ireland.
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ELAN MRK | Hot Stocks06:37 EST Elanco to sell aqua business to Merck for $1.3B in cash - Elanco (ELAN) announced it has entered into an agreement to sell its aqua business to Merck Animal Health (MRK) for approximately $1.3B in cash, which represents approximately 7.4x the estimated 2023 revenue of the Elanco aqua business. Elanco's aqua business includes products across both warm-water and cold-water species, generating an estimated $175M in revenue and approximately $92M in adjusted EBITDA, excluding the allocation of corporate costs, based on 2023 preliminary results. The divestiture includes current marketed brands, aqua R&D projects, the transfer of manufacturing sites in Prince Edward Island, Canada and Dong Nai, Vietnam and approximately 280 commercial and manufacturing employees. Upon closing of the transaction, Elanco plans to use the expected $1.05B to $1.1B of after-tax cash proceeds to pay down a portion of the Term Loan B debt. Elanco's preliminary full year 2023 results, which do not include the effect of the sale of the aqua business, project net debt to adjusted EBITDA to be slightly below the midpoint of the company's previous guidance range. Giving pro forma effect to the transaction for FY23, including the expected debt paydown and excluding the EBITDA associated with the aqua business, the company estimates the net leverage ratio would have been 0.6x to 0.7x lower, at or slightly below 5.0x. In 2024, with the anticipated debt paydown resulting from the transaction and from cash generated by the base business, the company expects to end the year with net debt to adjusted EBITDA in the mid-4x range. Further, the company expects net debt to adjusted EBITDA in high-3x to low-4x range by the end of 2025, driven by innovation fueled growth and continued debt paydown from improving free cash flow. The expected retirement of a portion of the Term Loan B debt will result in reduced interest expense of approximately $65M, or 11c of EPS, annually. For 2023, based on the midpoint of the company's previous adjusted EPS guidance of 91c, net EPS dilution would be approximately 3c, or about 3%, while the company will be able to reduce net debt by approximately 20%. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is expected to close around mid-year. The Company plans to discuss the transaction further when it releases its fourth quarter and full year fiscal 2023 financial results on February 26.
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WWR | Hot Stocks06:37 EST Westwater Resources signs first agreement for graphite sale from Kellyton Plant - Westwater Resources announced the execution of its first off-take agreement with SK On, an electric vehicle battery manufacturer, supplying electric vehicle batteries to Ford, Hyundai, Volkswagen and others. Westwater will supply CSPG-10 natural graphite anode products from its Kellyton Graphite Plant located near Kellyton, Alabama to SK On battery plants located within the U.S. Under the terms of the Procurement Agreement, SK On will be obligated to purchase, on an annual basis, a quantity of Product equal to a percentage of the forecasted volume required by SK On, provided that the Minimum Purchase Amount may be increased from time to time by the mutual agreement of the parties. The forecasted volume required by SK On in the final year of the Off-Take Agreement is 10,000 mt of Product.
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MRK ELAN | Hot Stocks06:34 EST Merck Animal Health to acquire Elanco's aqua business for $1.3B in cash - Merck Animal Health, a division of Merck & Co. (MRK), announced that it has signed a definitive agreement to acquire the aqua business of Elanco Animal Health (LAN) for $1.3B in cash, consisting of an innovative portfolio of medicines and vaccines, nutritionals and supplements for aquatic species; two related aqua manufacturing facilities in Canada and Vietnam; as well as a research facility in Chile. The acquisition is expected to be completed by mid-year 2024, subject to approvals from regulatory authorities and other customary closing conditions.
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CTLT NVO | Hot Stocks06:26 EST Catalent jumps 13% to $61.46 after Novo Holdings merger agreement
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CTLT NVO | Hot Stocks06:11 EST Novo Holdings to sell three Catalent fill-finish sites after merger - Of Catalent's (CTLT) more than 50 global sites, Novo Holdings intends to sell three Catalent fill-finish sites and related assets acquired in the merger to Novo Nordisk (NOV), in which Novo Holdings has a controlling interest, shortly after the closing of the merger. These three sites are located in Anagni, Italy; Bloomington, Indiana, USA; and Brussels, Belgium. This transaction is aligned with Novo Holdings' strategy of investing in established life science companies with strong long-term potential.
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HPK | Hot Stocks06:05 EST HighPeak Energy raises dividend 60%, announces $75M share repurchase plan - HighPeak Energy announced a 60% increase to its quarterly dividend to 4c per share and a $75M share repurchase authorization. The company's Board of Directors declared a quarterly dividend of 4c per share to be paid on March 25 to stockholders of record on March 1.
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NVO CTLT | Hot Stocks06:03 EST Novo Holdings to acquire Catalent for $63.50 per share in cash, or $16.5B - Catalent (CTLT) and Novo Holdings, a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk (NVO) Foundation, announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5B on an enterprise value basis. The merger is expected to close towards the end of calendar year 2024, subject to customary closing conditions, including approval by Catalent stockholders and receipt of required regulatory approvals. The transaction is not subject to any financing contingency. Following an evaluation of possible value-maximizing alternatives, the Catalent Board unanimously determined that the transaction with Novo Holdings, which delivers a premium and certain cash value, is in the best interest of Catalent. Accordingly, the Catalent Board unanimously recommends that Catalent stockholders vote in favor of the merger. In addition, Elliott Investment Management L.P. and certain of its affiliates have entered into a support agreement pursuant to which they have agreed to vote their shares of Catalent common stock in favor of the merger. Following the closing of the merger, shares of Catalent will no longer trade on the New York Stock Exchange and Catalent will become a private company.
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YNDX | Hot Stocks06:03 EST Yandex selling Russian operations for RUB 475B - Yandex N.V., the Dutch parent company of the Yandex group, announces that it has entered into a definitive agreement with a purchaser consortium to sell all of the Yandex group's businesses in Russia and certain international markets. The total consideration for the sale will be RUB 475B, subject to adjustments and payable in a combination of cash and Class A shares of YNV. At least 50% of the consideration will be paid in cash. The proposed sale will be presented for approval at a meeting of the Class A Shareholders and a separate Extraordinary General Meeting of Shareholders. YNV will provide a notice of the meetings, together with a detailed shareholder circular outlining the terms and background to the transaction, in the coming days. "Since February 2022, the Yandex group and our team have faced exceptional challenges. We believe that we have found the best possible solution for our shareholders, our teams and our users in these extraordinary circumstances," said John Boynton, Chairman of the Board of Directors of Yandex N.V. "The proposed transaction will allow shareholders to recover some value for the businesses that we are divesting, while unlocking new growth potential for the international businesses we will retain and enabling the divested businesses to operate under new ownership. Yandex is a unique story. I am proud to have been a part of that story since the very beginning, and I am proud to be part of the next chapter. We believe that the proposed sale will position both parts of the current group to develop and grow for the benefit of their stakeholders." As announced in November 2022, YNV's Board of Directors undertook a strategic process to review options to restructure the group's ownership and governance in light of the unprecedented and exceptional geopolitical environment. Reference Link
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NVO CTLT | Hot Stocks06:01 EST Novo Holdings to acquire Catalent for $63.50 per share in cash, or $16.5B
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NUTX | Hot Stocks05:35 EST Nutex Health doubles Medicare Advantage membership during 2023 enrollment period - Nutex Health announced that it has more than doubled its Medicare Advantage membership during the 2023 annual enrollment period from October to December 2023. In Texas, Houston Physicians IPA, or HPIPA, enrolled over 1900 new Medicare Advantage, or MA, patients. In Florida, Managed Care Insurance Consultants, or MCIC, enrolled over 200 new MA patients, and in California, Associated Hispanic Physicians IPA, or AHP, enrolled 300 new MA members. In total, Nutex Health now has over 4500 MA members across its platform, in addition to over 6300 commercial members and over 21,000 Medicaid managed care members.
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CANO | Hot Stocks05:23 EST Cano Health enters restructuring support agreement with lenders - Cano Health announced that it has entered into a restructuring support agreement, or RSA, with lenders holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes. This agreement enables Cano Health to substantially reduce its debt. To facilitate this restructuring, Cano Health has initiated prearranged voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. It has also received a commitment for $150M in new debtor-in-possession financing from certain of its existing secured lenders, which is subject to court approval. This new capital is expected to provide sufficient liquidity to support the company's ongoing operations throughout the restructuring process. Since Mark Kent assumed the permanent CEO role in August 2023, Cano Health has advanced and accelerated its strategy to focus on its core Florida Medicare Advantage and ACO REACH lines of business, including divesting operations in Texas and Nevada and exiting the California and Puerto Rico markets. As a result of its ongoing operational transformation plan, the company expects to achieve approximately $290M of annualized cost reductions by the end of 2024. Cano Health is filing with the court a series of customary "first day" motions to maintain business-as-usual operations on all fronts: Paying associate wages, including for its doctors and nurses, without interruption; Continuing operations and honoring obligations to its affiliate physician groups; Ensuring patients at its clinics continue to receive quality value-based healthcare; and Seeking authority to pay the existing pre-petition claims of certain vendors that are critical to the health and safety of Cano Health's patients and critical to the operation of the Company's medical centers. The Company has authority to continue making ordinary course payments for all authorized goods and services provided on or after the filing date. Court approval of these routine motions, which the company expects to receive in short order, will help facilitate a transition into the process and ensure the company's medical centers and its physician affiliates can continue providing uninterrupted service to all patients. Given the broad extent of creditor support, Cano Health expects to file and receive court approval of a plan of reorganization and disclosure statement expeditiously, while also exploring paths to maximize value, and it expects to emerge from the restructuring process in the second quarter of 2024. The RSA provides for the conversion of nearly $1B in secured debt to a combination of new debt and full equity ownership in the reorganized company. It also allows for solicitation of strategic partnerships and potential offers - including the sale of the company or substantially all its assets - that may result in a value-maximizing outcome to the Company's stakeholders.
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NOK | Hot Stocks05:16 EST Nokia signs multi-year patent cross-license agreement with vivo - Nokia announced it has signed a multi-year patent cross-license agreement with vivo. Under the agreement vivo will make royalty payments to Nokia, along with catch-up payments to cover the dispute period. The agreement resolves all pending patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties. The agreement is consistent with the assumptions that Nokia has disclosed for Nokia Technologies in its financial report for Q4 issued on January 25. Nokia will begin recognizing net sales from this agreement, including catch up payments covering the periods of non-payment, in Q1. Nokia Technologies is progressing towards the conclusion of the smartphone licensing renewal cycle and is making good progress in its growth areas of automotive, consumer electronics, IoT and multimedia. It remains confident that its annual net sales run-rate will return to EUR 1.4B to EUR 1.5B in the mid-term. Nokia's patent portfolio is built on around EUR 150B invested in R&D since 2000 and is composed of around 20,000 patent families, including over 6,000 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.
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MOMO | Hot Stocks05:13 EST Hello Group launches inSpaze social app for Apple Vision Pro - Hello Group (MOMO) has launched the native immersive social app inSpaze for Apple (AAPL) Vision Pro in the U.S. inSpaze, the brand-new app specially developed for visionOS, is now available for all Apple Vision Pro users. With technologies such as 3Ds, Reality Converter, Reality Composer Pro, etc., the native spatial computing app inSpaze allows users to connect with Apple Vision Pro users globally, along with Spatial Audio and 3D interaction content.
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KHC | Hot Stocks05:12 EST Kraft Heinz signs agreement with Carlton Power for green hydrogen project in UK - Kraft Heinz has signed an agreement with Carlton Power, the UK energy infrastructure development company, to study the development of a renewable green hydrogen plant at its Kitt Green manufacturing plant in Wigan, Greater Manchester. Kitt Green is one of the largest food processing plants in Europe and one of the largest Kraft Heinz facilities in the world, producing a quarter of a million tons of food annually and employing approximately 850 people. The proposed 20MW Kitt Green hydrogen plant, the first to be taken forward by Kraft Heinz globally, will meet more than 50% of the plant's annual natural gas demand and reduce the plant's carbon emissions by 16000T/yr. The hydrogen will be produced by an electrolyzer using electricity generated from sources of renewable energy, primarily wind and solar power. The Kitt Green project is the fifth green hydrogen project that Carlton Power is taking forward within the UK.
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HAYN | Hot Stocks05:09 EST Haynes to be acquired by North American Stainless for $970M - Haynes announced it has entered into a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash transaction valuing the company at an enterprise value of approximately $970M and representing a multiple of 12.3x fiscal 2023 EBITDA. Under the terms of the agreement, North American Stainless will acquire all the outstanding shares of Haynes for $61.00 per share in cash, which represents a premium of approximately 22% to Haynes' six-month volume-weighted average share price for the period ending February 2. As part of this transaction, Acerinox has committed to investing an additional $200M into its U.S. operations, including $170M into Haynes' operations. Headquartered in Madrid, Spain, Acerinox is a global leader in manufacturing stainless-steel and high-performance alloys and its subsidiary, North American Stainless, is the largest fully integrated stainless-steel company in the U.S. The transaction, which has been unanimously approved by the board of directors of both companies, is expected to close in the third calendar quarter of 2024, subject to satisfaction of customary closing conditions, including receipt of regulatory approval and approval by Haynes stockholders. Upon completion of the transaction, Haynes shares will cease trading on the Nasdaq stock exchange.
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