Stockwinners Market Radar for March 28, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TWST | Hot Stocks20:18 EDT Cathie Wood's ARK Investment bought 114K shares of Twist Bioscience today
|
TSLA | Hot Stocks20:17 EDT Cathie Wood's ARK Investment bought 80K shares of Tesla today
|
PLUR | Hot Stocks19:50 EDT Pluri trading halted, news pending
|
DOMA | Hot Stocks19:02 EDT Doma Holdings enters pact with Title Resources to go private at $6.29 per share - Doma Holdings "announced that it has entered into a definitive agreement and plan of merger with Title Resources Group, one of the nation's leading title insurance underwriters, subject to stockholder and regulatory approvals. In the transaction, TRG would acquire all of the outstanding shares of Doma for $6.29 per share of common stock in an all-cash transaction, an approximate premium of 43.0% over Doma's closing share price on March 27, 2024, and an approximate 33.9% premium over the trailing 30-day volume weighted average closing price ending March 27, 2024. After the close of the transaction, Doma's underwriting division, Doma Title Insurance, Inc., and its technology division, expected to be renamed Doma Technology LLC, are expected to operate as subsidiaries of TRG with Doma TechCo operating on a separately-capitalized basis. Hudson Structured Capital Management Ltd. would maintain an investment in Doma through Doma TechCo. Doma TechCo would continue to have access to underwriting services and continued technology deployment for Doma Title Insurance, Inc."
|
WBA | Hot Stocks18:27 EDT Walgreens Boots Alliance CEO: We're focused on improving front end of the store - In an interview on CNBC's Mad Money, Tim Wentworth said Walgreens is "knee deep" in an analysis of the business and how it's going to move forward. "A year from now you're going to find a company that is more focused," he noted. It launched nearly 40 new private labels this quarter, and over 80% of online orders were delivered within an hour, he added. He is "super confident" of the revival of the front end of the store. Shrink is not equal across all stores, and the company is working "really hard" to reduce it, he said.
|
PCT | Hot Stocks18:06 EDT PureCycle Technologies to pause operations at Ironton facility - PureCycle Technologies announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause on April 1, 2024. During the pause, several improvements will be made to the facility with the goal of increasing reliability and driving more consistent product quality. The operational pause is expected to last approximately two to four weeks. PureCycle currently plans to provide an update on the outcome of the pause during the company's next corporate update in May.
|
DSGX | Hot Stocks18:01 EDT Descartes Systems acquires OCR for roughly $90M - Descartes Systems Group announced that it has acquired OCR Services, a provider of global trade compliance solutions and content. "The OCR team brings a wealth of domain expertise in global trade compliance to Descartes, including experience leveraging artificial intelligence (AI) in the content management process," said Andrew Roszko, Chief Commercial Officer at Descartes. "By adding OCR's solutions and content to our Global Logistics Network, we see an opportunity to bring new functionality and enhanced content to our customers and partners around the world. With our combined solutions and team, we also see an opportunity to further penetrate markets in Europe and Asia." "We continue to invest in solutions and content to help our customers manage the complete lifecycle of shipments in what is an increasingly dynamic global regulatory environment," said Edward J. Ryan, Descartes' CEO. "OCR complements our Global Trade Intelligence business, particularly our Visual Compliance and MK Data investments. We're thrilled to welcome the OCR employees, customers and partners into the Descartes family." OCR is headquartered in Rockville, Maryland. Descartes acquired OCR for approximately $90M, satisfied from cash on hand.
|
PINS | Hot Stocks17:57 EDT Pinterest CFO sells $1.07M in common stock - In a regulatory filing, Pinterest disclosed that its CFO Julia Brau Donnelly sold 30.2K shares of common stock on March 27th in a total transaction size of $1.07M.
|
MRO | Hot Stocks17:28 EDT Marathon Oil exec Wagner sells 34,094 common shares - In a regulatory filing, Marathon Oil executive VP Patrick Wagner disclosed the sale of 34,094 common shares of the company on March 27 at a price of $27.6469 per share.
|
BEEM | Hot Stocks17:14 EDT Beam Global to delay filing 10-K - The company states: "Beam Global is unable to timely file with the Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, because the compilation, dissemination, review and finalization of the information required to be presented in the report could not be completed within the prescribed time period without unreasonable effort or expense for the following reasons: As previously disclosed, the Company consummated a strategic acquisition of a company based in Serbia on October 20, 2023. Because the acquisition closed near the end of 2023, the Company requires additional time and effort to perform purchase price allocation related work before finalizing the acquisition related accounting."
|
TCN | Hot Stocks17:06 EDT Tricon's private acquisition by Blackstone Real Estate approved by shareholders - Tricon Residential shareholders voted to approve the statutory plan of arrangement pursuant to which Blackstone Real Estate will acquire all of the outstanding common shares of Tricon for $11.25 per common share in cash. Of the votes cast, a total of 208,391,666 shares were voted in favor of approving the arrangement, approximately 99.3% of shareholder votes. Tricon intends to seek a final order from the Ontario Superior Court of Justice to approve the arrangement on April 5. Subject to the satisfaction or waiver of all of the conditions, the transaction is expected to be completed in Q2. Following completion, the common shares will be delisted from the NYSE and the TSX and the company will apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister the common shares under the U.S. Securities Exchange Act of 1934.
|
APLT | Hot Stocks16:54 EDT Applied Therapeutics down 11% after extended FDA review for govorestat NDA - Shares of Applied Therapeutics are down 11% at $6.07 afterhours after the company announced that the FDA has extended the review period for the New Drug Application for govorestat for the treatment of Classic Galactosemia by three months.
|
OXM | Hot Stocks16:52 EDT Oxford Industries down 5% at $106.38 after Q4 miss, below-consensus guide
|
SMTC | Hot Stocks16:51 EDT Semtech jumps 8% to $29.69 after Q4 results and guidance
|
CURV | Hot Stocks16:50 EDT Torrid jumps 26% to $6.13 after Q4 earnings beat and guidance
|
NKTX | Hot Stocks16:48 EDT Nkarta director buys $20M in common stock - In a regulatory filing,Nkarta disclosed that its director Simeon George bought 2.0M shares of common stock on March 27th in a total transaction size of $20.0M. Shares of Nkarta are up 5.6% afterhours at $11.42.
|
AAP | Hot Stocks16:46 EDT Advance Auto Parts director buys $401K in common stock - In a regulatory filing, Advance Auto Parts disclosed that its director Brent Windom bought 4.7K shares of common stock on March 27th in a total transaction size of $401K. Shares of Advance Auto Parts are up 1.1% afterhours at $86.00.
|
VSTO | Hot Stocks16:42 EDT Vista Outdoor's proposed sale of The Kinetic Group begins new review by CFIUS - Vista Outdoor and Czechoslovak Group, or CSG, have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States - CFIUS - to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor's The Kinetic Group business. CFIUS's acceptance of the re-filed joint voluntary notice has commenced a new review period. As part of its review process, CFIUS can permit parties to voluntarily withdraw and re-file to enable a complete and thorough review by CFIUS. In addition to CFIUS clearance, the transaction remains subject to receipt of the approval of Vista Outdoor's stockholders as well as other customary closing conditions.
|
APLT | Hot Stocks16:34 EDT Applied Therapeutics: FDA extends review period for NDA for govorestat - Applied Therapeutics announced that the U.S. FDA has extended the review period for the New Drug Application for govorestat (AT-007) for the treatment of Classic Galactosemia by three months. The FDA has set a new Prescription Drug User Fee Act target action date of November 28. The FDA notified Applied Therapeutics that it required additional time to review supplemental analyses of previously submitted data that had been provided by Applied in response to the FDA's routine information requests and determined that the additional information constitutes a Major Amendment to the NDA. In February 2024, the company announced that the FDA accepted and granted Priority Review to the NDA. Govorestat was previously granted Pediatric Rare Disease designation, and will qualify for a Priority Review Voucher upon approval.
|
CCG | Hot Stocks16:31 EDT Cheche announce partnership with Beijing Houji Insurance Brokerage - Cheche Group announced it has entered into a partnership with Beijing Houji Insurance Brokerage Co., an affiliate of Xiaomi Corporation, as Cheche continues to broaden its partner network with leaders in the new energy vehicle industry. As an insurance service partner of Beijing Houji, the insurance brokerage firm in Xiaomi Group, Cheche offers a digital auto insurance transaction SaaS service platform with operational support. Cheche will provide auto insurance service solutions to car owners in multiple cities across the country, including Beijing, Shenzhen, Hangzhou, and others. In the future, these car owners will be able to efficiently complete insurance transactions and secure related services through Xiaomi EV's application. "NEVs and smart vehicles continue to transform the automotive industry, creating the need for new business models and service networks. Insurance, as a financial product that spans the lifecycle of vehicle ownership, has become an important gateway to aftermarket services, ushering in new opportunities for innovation," said Lei Zhang, Founder, co-CEO and Chairman of Cheche. "We look forward to growing our footprint through this exciting collaboration with Xiaomi Group as we take insurance solutions deeper into the technology stack and consumer experience."
|
KEYS | Hot Stocks16:25 EDT Keysight Technologies SVP Narayanan sells 4,300 common shares - In a regulatory filing, Keysight Technologies senior VP Kailash Narayanan disclosed the sale of 4,300 common shares of the company on March 26 at a price of $152.88 per share.
|
NSA | Hot Stocks16:24 EDT National Storage promotes Melissa Cameron to chief marketing officer - National Storage announced Melissa Cameron has been promoted to chief marketing officer, from her previous role of senior VP of customer acquisitions, effective April 1. Cameron joined NSA in November, 2018 as VP of Marketing and was promoted to SVP of Customer Acquisitions in 2021, responsible for marketing, call center, pricing and technology functions that support customer acquisitions strategies. She started in Digital Marketing over 25 years ago.
|
HGV | Hot Stocks16:18 EDT Hilton Grand Vacations appoints Dusty Tonkin as Chief Sales & Marketing Officer - Hilton Grand Vacations announced that Dan Mathewes has been promoted to president, along with the continuation of his role as CFO. In addition, the company has named Dusty Tonkin as its new EVP, Chief Sales & Marketing Officer. Tonkin most recently served as the Chief Sales & Marketing Officer for Bluegreen Vacations. Prior to his time at Bluegreen Vacations, he was the executive VP of sales & marketing at Wyndham Destinations.
|
CADL | Hot Stocks16:16 EDT Candel Therapeutics presents updated data from Phase 1b trial of CAN-3110 - Candel Therapeutics "announced the presentation of updated data from an ongoing phase 1b clinical trial of its herpes simplex virus-1 replication-competent viral immunotherapy candidate, CAN-3110, in patients with rHGG that has recurred after standard of care treatment. The data were presented today during the 5th Glioblastoma Drug Development Summit in Boston, Massachusetts. To date, over 50 patients have been treated with a single dose of CAN-3110 in the phase 1b clinical trial of CAN-3110 in recurrent high-grade glioma (rHGG). The investigators observed a nearly doubling of the expected median overall survival after a single CAN-3110 injection, achieving a mOS of ~12 months, compared to historical reports of less than 6 to 9 months in this therapy-resistant condition. Positive HSV-1 serology was a predictor of response and was associated with improved survival (mOS in this population reached 14 months). Results from the ongoing phase 1b clinical trial were published in Nature in Q4 2023. CAN-3110 received U.S. Food and Drug Administration (FDA) Fast Track Designation for treatment of rHGG in Q1 2024, based on these data." "We have recently reported encouraging clinical and biomarker activity data observed after a single dose of CAN-3110 in patients with rHGG. We observed a nearly doubling of the expected median overall survival in this therapy-resistant patient population," said Francesca Barone, MD, PhD, Chief Scientific Officer of Candel. "The data presented today further supports that repeated doses of CAN-3110 are feasible and generally well-tolerated in rHGG, potentially further improving the clinical activity of this investigational medicine. Safety and tolerability of both repeated injections and serial biopsies, performed prior to the administration of CAN-3110, will be monitored to gauge disease progression and tissue response to treatment. We look forward to sharing additional biomarker and clinical activity data in the second half of this year."
|
BMY | Hot Stocks16:15 EDT Bristol Myers says KRYSTAL-12 trial met primary endpoint in PFS - Bristol Myers Squibb announced that the pivotal Phase 3 KRYSTAL-12 study, evaluating KRAZATI as a monotherapy in patients with pretreated locally advanced or metastatic non-small cell lung cancer harboring a KRASG12C mutation, met the primary endpoint of progression-free survival and the key secondary endpoint of overall response rate as assessed by Blinded Independent Central Review at final analysis for these endpoints. The study remains ongoing to assess the additional key secondary endpoint of overall survival. Results of the confirmatory trial showed that KRAZATI demonstrated a statistically significant and clinically meaningful benefit in PFS and ORR compared to standard-of-care chemotherapy as a second-line or later treatment for these patients. KRAZATI had no new safety signals and the safety data was consistent with the known safety profile. "Today's news is an important reinforcement of the power of a targeted therapy for patients with locally advanced or metastatic KRASG12C-mutated lung cancer. FDA approval of KRAZATI in the U.S. has allowed us to provide a new treatment option for these patients, and topline results of the KRYSTAL-12 confirmatory study will build greater trust in the medical and patient community," said Abderrahim Oukessou, M.D., vice president, global program lead, KRAZATI, Bristol Myers Squibb. "We are encouraged by the results from KRYSTAL-12 and look forward to helping more patients with KRASG12C-mutated lung cancer." The company will complete a full evaluation of the available data and looks forward to sharing the results with the scientific community at an upcoming medical conference as well as discussing the results with health authorities.
|
ELVN | Hot Stocks16:15 EDT Enliven to share initial proof of concept data from ELVN-001 Phase 1 trial - Enliven Therapeutics "announced it will host a webcast on Thursday, April 11, 2024, at 8:00 a.m. ET to discuss initial proof of concept data on ELVN-001 and the evolving chronic myeloid leukemia (CML) landscape. ELVN-001 is a highly selective, small molecule kinase inhibitor designed to specifically target the ATP-pocket of the BCR-ABL gene fusion, the oncogenic driver for patients with CML."
|
UTZ | Hot Stocks16:12 EDT Utz Brands approves annual dividend increase to 23.6c per share from 22.8c - The increase is effective as of today, and the Utz Board of Directors has declared a regular quarterly cash dividend of approximately $0.059 per share on the Company's Class A Common Stock. Payment is expected to be made by the Company on May 2, 2024, to stockholders of record at the close of business on April 15, 2024.
|
EXPE | Hot Stocks16:11 EDT Expedia appoints Chief Operations and Marketing Officers, president departing - Expedia announced that Jon Gieselman, president, will be leaving Expedia Group effective June 1 after three years leading Expedia's consumer business and marketing division. Going forward, Brad Bentley will oversee the consumer business as COO and Jochen Koedijk will lead marketing as Chief Marketing Officer, both reporting directly to incoming CEO Ariane Gorin. Jon Gieselman joined Expedia Group first as a Board member in December 2019 and then stepped into role as the president of Expedia Brands in May 2021. Jochen Koedijk has been with Expedia Group for three years, with prior experience as CMO. Brad Bentley, who has been with Expedia Group for a year and a half, spearheaded efforts to streamline the operations of Expedia Group's B2C business. He will continue in his role as COO of the consumer business, overseeingB2C strategy and business performance.
|
VBTX | Hot Stocks16:10 EDT Veritex announces $50M stock buyback program - Veritex announced that its board of directors authorized a stock buyback program pursuant to which the company is authorized to purchase up to $50M shares of the company's outstanding common stock. The stock buyback program has an expiration date of March 31, 2025 and may be suspended, terminated, amended or modified by the board at any time without prior notice at the board's discretion. The stock buyback program is expected to be funded using the company's cash on hand and cash from operations of Veritex Community Bank. Repurchases under the stock buyback program may be made, from time to time, in amounts and at prices the company deems appropriate. The stock buyback program does not obligate the company to purchase any shares of its common stock. Repurchases by the company under the stock buyback program will be subject to general market and economic conditions, applicable legal and regulatory requirements and other considerations. In addition, Veritex announces completion of a restructuring of it's available-for-sale debt security portfolio in March by selling approximately $120.1M of lower-yielding AFS debt securities, at amortized cost, with a yield of 3.11% at a $6.5M pre-tax loss. Approximately $115.9M of the proceeds were reinvested in higher yielding AFS securities with a 6.24% yield.
|
REXR BX | Hot Stocks16:07 EDT Rexford Industrial acquires Blackstone industrial assets for $1B - Rexford Industrial Realty (REXR) and Blackstone (BX) announced Rexford Industrial acquired approximately 3M square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0B. The combined portfolio comprises 48 properties, totaling 3,008,000 square feet, acquired for $1.0B or $332 per square foot on average. The combined portfolio is 98% leased, with 99% of the property square footage located within core, infill submarkets in Los Angeles and Orange counties. In aggregate, the investments are expected to generate a weighted average initial unlevered cash yield of 4.7% and an anticipated stabilized unlevered cash yield of 5.6%. These investments were funded using proceeds from Rexford Industrial's recent exchangeable senior note offerings and cash on hand.
|
EVCM | Hot Stocks16:04 EDT EverCommerce names Ellora Sengupta as new CIO - EverCommerce announced today two new members joining its executive leadership team. Ellora Sengupta joins EverCommerce as CIO. In this newly-created role that will support the Company's transformation and optimization efforts, Ms. Sengupta will provide executive leadership and oversight in enhancing and maintaining the company's corporate systems, infrastructure and security, enterprise technology, data infrastructure & analytics. EverCommerce has promoted Kayla O'Rourke to the position of Chief People Officer following the departure of Shane Driggers. Ms. O'Rourke joined EverCommerce in 2022 as Senior Vice President North America People and Talent Acquisition.
|
BMY | Hot Stocks16:02 EDT Bristol Myers: Phase 3 YELLOWSTONE trial did not meet primary endpoint - Bristol Myers Squibb announced an update following the initial analysis of results from the first of two induction studies in the Phase 3 YELLOWSTONE clinical trial program evaluating Zeposia (ozanimod) in adult patients with moderate to severe active Crohn's disease. The study did not meet its primary endpoint of clinical remission at Week 12. The safety profile of Zeposia in this study was consistent with that observed in previously reported trials. The company will complete a full evaluation of the YELLOWSTONE trial data and work with investigators to share the results with the scientific community in the future. "To date, no S1P modulator has shown an effect in a Phase 3 trial in Crohn's disease, where a high unmet medical need remains for new therapies that offer more patients relief from symptoms and the potential for remission," said Roland Chen, MD, senior vice president and head, Immunology, Cardiovascular and Neuroscience development, Bristol Myers Squibb. "While we are disappointed that the primary endpoint was not reached in this first induction trial, we are committed to driving transformative science on behalf of individuals with immune-mediated diseases and would like to thank the investigators and patients who are participating in the YELLOWSTONE clinical trial program."
|
GD | Hot Stocks15:01 EDT General Dynamics Information Technology awarded $922M contract - General Dynamics Information Technology, a business unit of General Dynamics, announced that it was awarded a $922M contract to modernize the U.S. Central Command's enterprise IT infrastructure. The new contract, awarded in February by the General Services Administration, has a one-year base period and five option years. Under this contract, GDIT will operationalize enterprise data through artificial intelligence/machine learning technologies to improve decision-making, transition CENTCOM to a new cloud environment, and enhance the effectiveness and efficiency of its networks. The company will also leverage its zero trust capabilities to bolster CENTCOM's cyber defenses and protect against future cyber threats.
|
ABNB | Hot Stocks14:05 EDT Airbnb guests can now receive refund for weather events - Airbnb introduced updates to its extenuating circumstances policy, including renaming it to the major disruptive events policy. The company said: "When the policy is in effect, it does two things: first, it overrides the Host's booking cancellation policy and enables guests to cancel eligible upcoming and active reservations at the impacted location for a refund; and second, it also allows Hosts to cancel reservations without fees and other related consequences. Now, the policy will explicitly apply to foreseeable weather events, like a hurricane during hurricane season, that result in another covered event happening, like a government travel restriction or large-scale outage of essential utilities. This means guests with eligible reservations can cancel and receive a refund and Hosts can cancel without fees and related consequences." Reference Link
|
EVLV | Hot Stocks13:04 EDT Evolv up after NYC announces new technology to detect firearms for subways - New York City Mayor Eric Adams and New York City Police Department Commissioner Edward Caban announced efforts being taken to make the Metropolitan Transit Authority's subway system safer by investing in new technology to detect firearms, as well as invest in more clinicians that will help those suffering from severe mental illness in the nation's largest subway system. Strength in shares of Evolv, which makes weapon detection systems, is being attributed to the announcement. In afternoon trading, Evolv shares are up 25c, or 7%, to $3.88. Reference Link
|
BKR | Hot Stocks13:02 EDT Baker Hughes reports U.S. rig count down 3 to 621 rigs - Baker Hughes reports that the U.S. rig count is down 3 from last week to 621 with oil rigs down 3 to 506, gas rigs unchanged at 112 and miscellaneous rigs unchanged at 3. The U.S. Rig Count is down 134 rigs from last year's count of 755 with oil rigs down 86, gas rigs down 48 and miscellaneous unchanged. The U.S. Offshore Rig Count is down 3 to 20, up 2 year-over-year. The Canada Rig Count is down 18 from last week to 151, with oil rigs down 16 to 75, and gas rigs down 2 to 76. The Canada Rig Count is up 12 from last year's count of 139, with oil rigs up 17, and gas rigs down 5.
|
EVLV | Hot Stocks13:00 EDT NYC Mayor announces rollout of new weapon detection system for subways - Strength in shares of Evolv has been attributed to the announcement. Reference Link
|
BAESY | Hot Stocks12:24 EDT BAE Systems announces $754M contract award from U.S. Army - BAE Systems said it received a $754M contract award to continue producing the Armored Multi-Purpose Vehicle family of vehicles for the U.S. Army. The contract begins the second phase of full-rate production between March 2026 and February 2027.
|
ASCA | Hot Stocks12:14 EDT A SPAC I Acquisition Corp trading resumes
|
ASCA | Hot Stocks12:04 EDT A SPAC I Acquisition Corp trading halted, volatility trading pause
|
BOC | Hot Stocks12:00 EDT Boston Omaha falls -7.6% - Boston Omaha is down -7.6%, or -$1.25 to $15.22.
|
GCTS | Hot Stocks12:00 EDT GCT Semiconductor falls -8.0% - GCT Semiconductor is down -8.0%, or -$3.50 to $40.50.
|
AMC | Hot Stocks12:00 EDT AMC Entertainment falls -14.9% - AMC Entertainment is down -14.9%, or -65c to $3.69.
|
OUST | Hot Stocks12:00 EDT Ouster rises 19.3% - Ouster is up 19.3%, or $1.29 to $7.99.
|
REX | Hot Stocks12:00 EDT REX American Resources rises 28.9% - REX American Resources is up 28.9%, or $12.71 to $56.63.
|
WNNR | Hot Stocks12:00 EDT Andretti Acquisition rises 33.6% - Andretti Acquisition is up 33.6%, or $3.46 to $13.76.
|
APAC | Hot Stocks11:52 EDT StoneBridge Acquisition Corp trading resumes
|
SGAMY | Hot Stocks11:43 EDT Sega sells 'Company of Heroes' studio Relic Entertainment - Sega has sold Relic Entertainment, a game developer behind the "Company of Heroes" and "Dawn of War" games. In a statement, Relic said that, with an external investor, it will become an independently-run development studio. "We want to thank Sega, whose support over the years and guidance during this transition have been instrumental to our success," the studio said. "We may be out of the Sega business, but we remain friends and colleagues." Reference Link
|
APAC | Hot Stocks11:42 EDT StoneBridge Acquisition Corp trading halted, volatility trading pause
|
META SNAP | Hot Stocks11:39 EDT Canada schools sue Meta, Snap, TikTok for 'disruption' to education - The Toronto District School Board announced a lawsuit against Meta Platforms (META), Snap (SNAP) and TikTok patent ByteDance "for disruption to the education system." The chool Board alleges "these companies have negligently designed and marketed addictive products that have disrupted our Board's mandate to enhance student achievement and well-being." The litigation calls on social media giants "to make their products safer, to compensate our Board for its disruption to our mandate and our students' fundamental right to education." The School Board is seeking a total of $3.3B in damages, according to the lawsuit it filed today. Reference Link
|
KYCH | Hot Stocks11:29 EDT Keyarch Acquisition Corp trading resumes
|
AWIN | Hot Stocks11:27 EDT Aerwins Technologies announces 1-for-100 reverse stock split - Aerwins Technologies announced that the company's board of directors has resolved to effectuate a reverse stock split of Aerwins' issued and outstanding common stock and has determined the ratio to be 1-for-100. Aerwins' stockholders previously approved the reverse stock split and granted the board of directors the authority to determine the exact split ratio and when to proceed with the reverse stock split at the company's annual meeting of stockholders held on November 20. The reverse stock split will become effective at the market open on April 2 and the company's common stock is expected to begin trading on a reverse stock split-adjusted basis on the Nasdaq Capital Market as of the open of trading on April 2, under the existing ticker symbol, "AWIN." The reverse stock split is intended to increase the price per share of the company's common stock to allow the company to demonstrate compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq.
|
KYCH | Hot Stocks11:24 EDT Keyarch Acquisition Corp trading halted, volatility trading pause
|
LGVC | Hot Stocks10:52 EDT LAMF Global Ventures I Corp trading resumes
|
LGVC | Hot Stocks10:47 EDT LAMF Global Ventures I Corp trading halted, volatility trading pause
|
NOK | Hot Stocks10:16 EDT Nokia says Chief People Officer Amy Hanlon-Rodemich to leave company - Nokia announces that its Chief People Officer, Amy Hanlon-Rodemich, will leave the company and step down from its Group Leadership Team. A recruitment process will begin immediately for her successor and Amy will retain an advisory role during her notice period. Amy joined Nokia in 2022. Lorna Gibb, Vice President, Labor & Employment, will assume the role of interim Chief People Officer for Nokia as the search commences.
|
MFGCF | Hot Stocks10:08 EDT Mayfair Gold receives shareholder meeting requisition - Mayfair Gold has received a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act dated March 27, 2024 from MWCGOF SPV III LP, a fund controlled by Muddy Waters Capital. The Requisitioning Shareholder purports to hold in excess of five percent of the issued common shares of the Company. The shareholder meeting is being requisitioned to consider: a special resolution to remove all of the directors of the Company; if the Director Removal Resolution is passed, an ordinary resolution fixing the number of directors at four; if the Director Removal Resolution is not passed, an ordinary resolution fixing the number of directors at eight or such lesser number equal to the number of the directors of the Company then in office plus four; and electing four director nominees of the Requisitioning Shareholder. The Company is reviewing the Requisition, with the assistance of its professional advisors, and will respond appropriately in due course. In the meantime, there is no need for shareholders to take any action. Mayfair's President and CEO, Patrick Evans, commented: "The Company is grateful for the many expressions of support it has received from shareholders. It is unfortunate that Muddy Waters has chosen to escalate its demands over-and-above those set out in its news release of only a week ago, rather than engage in constructive dialogue with the Company."
|
ARD | Hot Stocks10:06 EDT Ardagh Group enters supply agreement with Stevens Point Brewery - Ardagh Glass Packaging-North America, an operating business of Ardagh Group, has partnered with Stevens Point Brewery to locally supply the brewery's glass beer bottles. The partnership connects Stevens Point Brewery with AGP-North America's Burlington, Wis., glass manufacturing facility, helping to keep the brewery's promise to source local products and incorporate sustainable practices into its operations.
|
BZFD | Hot Stocks10:06 EDT BuzzFeed, The Independent sign long-term license, strategic partnership - Independent Digital News and Media Ltd and BuzzFeed, Inc. announced they have entered into a multi-year license and strategic partnership. The companies will combine their publishing, data, and ad-tech platforms to allow commercial partners to buy across their sites, with combined on-site audiences that together reach half of all British consumers. As part of the deal, BuzzFeed, Inc.'s UK staff - both commercial and editorial - will move over to The Independent, with BuzzFeed, Inc. providing its global content, tech, and support to The Independent.
|
SPOT UMGNF | Hot Stocks10:04 EDT Spotify, Universal Music Group expand strategic relationship - Universal Music Group (UMGNF) and Spotify (SPOT) announced an expansion of their strategic relationship that will "further amplify music discovery and social interaction and enhance fan experiences across the platform for UMG's family of artists and songwriters." "Under the agreement, Spotify will make available a series of new promotional and social features that will help artists drive interaction and generate excitement around new releases. To start, UMG artists will have the ability to share teasers of upcoming music on Spotify to increase fan engagement and pre-save activity before a new release. Additionally, a new agreement with Universal Music Publishing Group will enable Spotify to distribute music videos in the US, enabling deeper experiences with the songs, the artists, and the songwriters. The companies will continue to explore additional features that allow fans to discover artists and propel virality of new releases. They will share more details about these new tools and how artists, songwriters and fans can leverage them in the near future," the companies stated.
|
ACHC | Hot Stocks10:04 EDT Acadia Healthcare acquires three treatment centers in North Carolina - Acadia Healthcare Company has recently completed the acquisitions of three comprehensive treatment centers in North Carolina. Two of the locations, rebranded as Raleigh Comprehensive Treatment Center and Greenville Comprehensive Treatment Center, are located in Raleigh, North Carolina, and Greenville, North Carolina, respectively. The third acquired location, rebranded as Hillsborough Comprehensive Treatment Center, in Hillsborough, North Carolina, serves residents in communities from Durham to Burlington. With these additions, Acadia now operates 10 CTC locations in North Carolina and 160 locations in 32 states across the country.
|
GABC | Hot Stocks10:03 EDT German American Bancorp appoints Mary Moorhouse as CRO - German American Bancorp announced that Mary Moorhouse has been appointed Senior Vice President, Chief Risk Officer, effective April 1, 2024, where she will be responsible for overseeing German American's enterprise-wide risk management program, focusing on recognizing, assessing and managing all risks of the Company. Mary will succeed current Senior Vice President and Chief Risk Officer Jeff Cash who will be retiring. She will report directly to Chairman and CEO D. Neil Dauby and be a member of the senior management leadership team. Mary currently serves as Vice President, Risk Management overseeing BSA/AML compliance, physical security and fraud investigations, and CRA compliance
|
WEAV | Hot Stocks10:02 EDT Weave announces integration with Athenahealth - Weave announced an integration with Athenahealth, a provider of network-enabled software and services for medical groups and health systems nationwide. This integration allows healthcare providers to better manage their business through automation and optimization of tasks by unlocking certain Weave features.
|
JLL | Hot Stocks10:01 EDT JLL names Michael Raphael as Chief Procurement Officer - JLL announced that it has promoted Michael Raphael to Chief Procurement Officer to lead procurement activities globally across the company and manage annual procurement spend for both JLL and on behalf of its clients. Effective April 1, Raphael will manage JLL's own corporate indirect spend and the procurement of goods and services on behalf of JLL clients.
|
HD | Hot Stocks10:00 EDT Home Depot suspending share repurchases until debt returns to 2x EBITDA - Home Depot, on its conference call discussing its agreement to acquire SRS Distribution, said it is suspending share repurchases until it gets back to its targeted 2.0 times adjusted debt to EBITDA.
|
SMR | Hot Stocks10:00 EDT Nuscale Power falls -11.8% - Nuscale Power is down -11.8%, or -68c to $5.07.
|
CC | Hot Stocks10:00 EDT Chemours falls -13.4% - Chemours is down -13.4%, or -$3.87 to $25.02.
|
GCTS | Hot Stocks10:00 EDT GCT Semiconductor falls -26.2% - GCT Semiconductor is down -26.2%, or -$11.51 to $32.49.
|
OUST | Hot Stocks10:00 EDT Ouster rises 13.6% - Ouster is up 13.6%, or 91c to $7.61.
|
REX | Hot Stocks10:00 EDT REX American Resources rises 16.6% - REX American Resources is up 16.6%, or $7.31 to $51.23.
|
WNNR | Hot Stocks10:00 EDT Andretti Acquisition rises 25.4% - Andretti Acquisition is up 25.4%, or $2.62 to $12.92.
|
HPH | Hot Stocks09:56 EDT Highest Performances Holdings to acquire AI humanoid robot hardware manufacturer - Highest Performances Holdings announces that, on March 27, 2024, the Company entered into a second supplementary agreement to the strategic framework agreement previously entered into with Singapore White Group. Pursuant to the Supplementary Agreement II, the Company will acquire 77.5% of the equity interests in Singapore White Lingjun, a wholly-owned subsidiary of White Group. In exchange, the Company will issue an aggregate of 20,758,929 American Depositary Shares, equivalent to 31,138,394 ordinary shares of the Company, to White Group. The shares consideration paid by the Company was determined based on the price equivalent to 80% of the average closing price of its ADSs for the 20 trading days preceding the signing date. The Company expects to complete the transaction by the end of June 2024, subject to customary closing conditions. Upon completion of the transaction, the total number of outstanding ordinary shares of the Company is estimated to be 403,685,932, representing 269,123,954 ADSs. White Group is expected to be interested in approximately 7.7% of the Company's enlarged share capital giving effect to the transaction. Through its subsidiary, Singapore White Lingjun Pte. Ltd. has been dedicated to developing and manufacturing quality, affordable artificial intelligence Humanoid hardware products with proprietary technology since 2014. Singapore Lingjun's Al Humanoid are crafted using advanced medical procedures, such as skin texture simulation technology, to provide hyper-realistic touch and feel. Utilizing high-grade medical silicone for the entire body structure and proprietary tempered materials for skeletal architecture ensures lightweight, deformation resistance, realistic muscle touch, and durability against mold and viruses. The products can be widely applied in various fields, including elderly care, medical school teaching, and assisting individuals with physical disabilities. In elderly care, Singapore Lingjun's AI Humanoids are outfitted with artificial intelligence and emotion recognition technology, which enables them to engage in simple communication and recreational activities with the elderly, as well as assist with household care tasks, such as dietary management and medication reminder services. Fitted with sensors and monitoring equipment, they can promptly monitor the physiological indicators and activities of the elderly. Upon detecting any irregularities, relevant parties are promptly notified, thus safeguarding the health and safety of the elderly. Furthermore, their products are extensively utilized in medical schools worldwide as teaching aids, assisting medical students in mastering more precise pathological diagnoses and treatment plans.
|
WETG | Hot Stocks09:56 EDT WeTrade Group Inc trading resumes
|
WETG | Hot Stocks09:51 EDT WeTrade Group Inc trading halted, volatility trading pause
|
WNNR | Hot Stocks09:47 EDT Andretti Acquisition Corp trading resumes
|
RH | Hot Stocks09:47 EDT RH rises 12.2% - RH is up 12.2%, or $36.11 to $333.10.
|
REX | Hot Stocks09:47 EDT REX American Resources rises 20.4% - REX American Resources is up 20.4%, or $8.96 to $52.88.
|
WNNR | Hot Stocks09:47 EDT Andretti Acquisition rises 25.8% - Andretti Acquisition is up 25.8%, or $2.66 to $12.96.
|
FC | Hot Stocks09:47 EDT Franklin Covey falls -10.8% - Franklin Covey is down -10.8%, or -$4.14 to $34.16.
|
CC | Hot Stocks09:47 EDT Chemours falls -13.4% - Chemours is down -13.4%, or -$3.88 to $25.00.
|
GCTS | Hot Stocks09:47 EDT GCT Semiconductor falls -19.6% - GCT Semiconductor is down -19.6%, or -$8.62 to $35.38.
|
BCG | Hot Stocks09:44 EDT Binah Capital Group Inc trading resumes
|
WNNR | Hot Stocks09:42 EDT Andretti Acquisition Corp trading halted, volatility trading pause
|
GCTS | Hot Stocks09:40 EDT GCT Semiconductor Holding Inc trading resumes
|
PGTI | Hot Stocks09:37 EDT MITER Brands completes acquisition of PGT Innovations - PGT Innovations announced that MIWD Holding Company completed the acquisition of PGTI. The transaction was announced on January 17, 2024, and received approval of PGTI's stockholders on March 18, 2024. In accordance with the definitive merger agreement, PGTI stockholders will receive $42.00 in cash for each share of PGTI common stock. With the completion of the acquisition, PGTI's common stock has ceased trading and will no longer be listed on the NYSE. The transaction was financed in part by an equity investment from an affiliate of Koch Equity Development, the principal investment and acquisition arm of Koch Industries, that is a current investor in MITER Brands.
|
GCTS | Hot Stocks09:35 EDT GCT Semiconductor Holding Inc trading halted, volatility trading pause
|
BCG | Hot Stocks09:34 EDT Binah Capital Group Inc trading halted, volatility trading pause
|
BYD... | Hot Stocks09:34 EDT Nevada reports February statewide gaming win up 8.5% to $1.34B - Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
|
FBLG | Hot Stocks09:31 EDT FibroBiologics files patent application covering fibroblast-based technology - FibroBiologics announced the filing of a patent application with the United States Patent Office covering the use of FibroBiologics' fibroblast cell-based technology for the potential treatment of Lupus.
|
MSTR... | Hot Stocks09:29 EDT Kerrisdale long Bitcoin, short MicroStrategy given 'unjustifiable premium' - In a recently published report, Kerrisdale Capital said it was long Bitcoin and short shares of MicroStrategy, "a proxy for bitcoin which trades at an unjustifiable premium to the digital asset that drives its value." The report notes "shares of MicroStrategy have soared amid a recent rise in the price of bitcoin but, as is often the case with crypto, things have gotten carried away. The bitcoin price currently implied by MicroStrategy's stock is now over $177k, i.e., two and a half times the spot price of bitcoin. The days when MicroStrategy shares represented a rare, unique way to gain access to bitcoin are long over." "None of the reasons commonly provided for MicroStrategy's relative attractiveness justify paying well over double for the same coin. MicroStrategy's trading history and basic common sense suggests the current inflated premium will contract, much as it has on prior occasions, providing a compelling opportunity for a pair trade," Kerrisdale adds. Reference Link
|
OMGA | Hot Stocks09:22 EDT Omega Therapeutics sees cash runway into 1Q25 - As of December 31, 2023, the Company had cash, cash equivalents and marketable securities totaling $73.4 million, which is expected to fund operations into Q1 2025.
|
OMGA | Hot Stocks09:21 EDT Omega Therapeutics announces strategic prioritization, reduces headcount by 35% - Announced cost reduction and strategic prioritization initiative to maximize near- and long-term value creation opportunities: Following a strategic review, the Company has focused its pipeline and reduced overall headcount by approximately 35%. These fiscally disciplined actions are expected to extend the Company's cash runway into Q1 2025. Positions the Company to achieve key clinical data readouts from the monotherapy dose escalation and dose expansion stages of the MYCHELANGELO I clinical trial. The Company will prioritize certain preclinical programs and platform efforts: Prioritized preclinical programs include OTX-2101 for non-small cell lung cancer, the HNF4A program in liver regeneration, and development of an epigenomic controller for obesity in collaboration with Novo Nordisk. Core work on platform biology, epigenomic controllers, and characterization of LNP delivery to the lung and other tissues will continue.
|
MSTR... | Hot Stocks09:21 EDT Kerrisdale says short MicroStrategy, long Bitcoin - Kerrisdale Capital tweeted: "GM. We're short $MSTR and long bitcoin. Report avail at http://kerr.co/mstr. Crypto trades often get carried away and $MSTR is no exception. The BTC price implied in $MSTR shares is now over $177k, an unjustifiable 2.6x the spot price of BTC." Reference Link
|
HPCO | Hot Stocks09:17 EDT Hempacco, New to The Street sign three month media contract - New to The Street and Hempacco signed a three-month media contract. The agreement calls for the continuation of filming and broadcasting tailored interviews and streaming digital billboard aids in New York City/ The contract calls for the New to the Street's TV news host to interview key corporate representatives from Hempacco Co., Inc. Each week over the next three months, New to The Street's Hempacco interviews will air on the FOX Business Network as sponsored programming.
|
PUBM | Hot Stocks09:11 EDT PubMatic reinvests 2023 profits to bolster engineering, sales teams - PubMatic announced a significant reinvestment of profits to bolster its engineering and sales teams. This strategic move aims to propel the company's growth trajectory by enhancing technological innovation, strengthening client relationships, and expanding market reach. PubMatic recently reported record revenue of $267M in 2023, continuing the company's long track record of strong profitability, high margins, zero debt, and significant free cash flow. This differentiated financial profile sets the foundation for continued investment in the business to accelerate revenue growth and drive increased customer and shareholder value. The company plans to onboard over 150 incremental employees over the course of 2024, a 16% increase year-over-year, bringing the total company headcount to approximately 1,100 by the end of the year. The reinvestment plan includes a substantial increase in hiring across engineering and sales divisions, with a focus on the highest impact areas of the business, including: Activate and Supply Path Optimization: expanding buyer-focused sales and customer success teams by 50% in 2024 to increase penetration with agency holding companies, independent agencies and brands; Connect and Post-Cookie Solutions: growing the team building addressability solutions such as Connect, Identity Hub, and Privacy Sandbox solutions, to ensure clients' businesses are safeguarded against ongoing signal loss; Emerging Revenue Streams: hiring additional sales and customer success team members focused on solutions such as our enterprise grade OpenWrap software and our commerce media solution, Convert; and Performance Advertising: increasing the number of product managers and machine learning engineers focused on building and scaling ROI and outcomes-based advertising solutions that rival the walled gardens. The impact of the expanded engineering organization will be further amplified by the company's ongoing efficiency investments. The company anticipates a 15-20% increase in engineering productivity in 2024 driven by the use of generative AI at multiple points in the software development and release process.
|
MBIO | Hot Stocks09:10 EDT Mustang Bio announces vision for CAR T-Cell therapy platform expansion - Mustang Bio announced its expansion into autoimmune diseases with MB-106, a personalized CD20-targeted, 3rd-generation autologous CAR T-cell therapy. MB-106 is being developed in a collaboration between Mustang and Fred Hutchinson Cancer Center. Mustang and Fred Hutch are in preliminary discussions to explore a potential Phase 1 investigator-sponsored clinical trial to evaluate MB-106 for the treatment of autoimmune diseases. "Mustang is leveraging its expertise in developing cell therapies to explore a new frontier in patient care," said Manuel Litchman, M.D., President and Chief Executive Officer of Mustang. "MB-106's observed safety profile, encouraging efficacy data, and our robust manufacturing capabilities have the potential to translate to improved outcomes for patients with autoimmune diseases. We believe an investigator-sponsored clinical trial is the fastest and most cost-effective way to embark on this program and aim to enroll the first patient in a Phase 1 trial in the fourth quarter of this year to demonstrate clinical proof-of-concept. We are in discussions with Fred Hutch to determine the autoimmune indication we plan to pursue in the first trial and look forward to sharing more details in the near future."
|
BLZE | Hot Stocks09:09 EDT Backblaze gets StateRAMP Progressing Snapshot, TX-RAMP Provisional authorization - Backblaze has earned inclusion in StateRAMP's Progressing Snapshot and the TX-RAMP Provisional programs. These programs standardize security requirements by assessing solutions that serve state and local government and education institutions, empowering public institutions to level up their data security with safeguards that meet verified security standards.
|
LVO | Hot Stocks09:09 EDT LiveOne surpasses 3.7M total members - LiveOne provides update on membership. Total Tesla Members Now Over 1.7M a +33% YoY Increase; Added in Excess of 60k Paid Members During March with an ARPU of $3.10+; Expects Membership Growth to Exceed 1M in Calendar 2024; Pipeline Over 55 Additional B2B Partnerships After Closing the Largest Single Deal Netting Over $2M of Monthly Recurring Revenues. Brad Konkol, Head of Slacker Radio, "We have worked with Tesla for over 10 consecutive years. Tesla's commitment to innovation aligns perfectly with our vision. As we celebrate these record milestones, we're even more excited about our future. Our white-label lean-back experience continues to garner tremendous interest. We're focusing on developing new B2B relationships which will dramatically diversify our risk and increase our revenue streams."
|
LPLA | Hot Stocks09:08 EDT LPL Financial: Windward Wealth joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisors Erick Simonds, Eugene Sninski, II, and Lisa Sninski have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $250 million in advisory, brokerage and retirement plan assets and join LPL from Wells Fargo Advisors. Based in Brick, N.J., Erick and Eugene have worked together as a team for approximately 17 years, with Lisa joining three years ago. All three have deep ties to the community and have grown their practice by cultivating meaningful relationships with local businesses, charities and schools. They use a diversified, risk-based wealth management process to help pre-retirees establish wealth, transition to retirement and plan for their legacy.
|
TTOO | Hot Stocks09:08 EDT T2 Biosystems announces extension of multi-year agreement with Vizient - T2 Biosystems announced that its multi-year capital equipment supplier agreement with Vizient has been extended through March 31, 2025. The products covered under the contract with Vizient include the T2Dx Instrument, the T2Bacteria Panel and the T2Candida Panel, which detect sepsis-causing bacterial and fungal pathogens directly from whole blood. "We are pleased to extend our multi-year agreement with Vizient, the nation's largest group purchasing organization. This reiterates the continued value that our products offer to patients suspected of sepsis," stated John Sperzel, Chairman and CEO of T2 Biosystems. "We believe there is a strong need for hospitals to have more effective rapid diagnostics that enable faster targeted therapy and this contract with Vizient improves hospitals' access to our life-saving technology."
|
SYT | Hot Stocks09:06 EDT Syla Technologies' SYLA Solar announces issuance of Series 1 unsecured bonds - SYLA Technologies announced its subsidiary, SYLA Solar has successfully raised 50 million yen in bank guaranteed private placement bonds provided by Aichi Bank, Ltd. This fundraising initiative aims to fortify SYLA Solar's business operations and facilitate further growth. Specifically, the funds will be allocated towards advancing investment in research and development efforts to promote the development of new technologies and products. This includes the expansion of its production facilities to streamline and reinforce the mass production system and improve its capacity to supply products to the markets. Additionally, SYLA Solar intends to improve customer satisfaction and expand its market share by broadening sales channels and enhancing customer service. Through these endeavors alongside the recent business alliance with LIVE THE CREATIVE, SYLA Solar is poised not only to strengthen its operational capabilities but also to make further contributions to the promotion of sustainable energy.
|
ALBT | Hot Stocks09:06 EDT Avalon GloboCare extends exclusivity agreement to distribute KetoAir - Avalon GloboCare announces the extension of its exclusive distribution agreement with Qi Diagnostics Limited to distribute the KetoAir, a breathalyzer device and related accessories, including current and future models, in key regions including North America, South America, the United Kingdom, and the European Union. "We are excited to extend our exclusive distribution agreement for KetoAir with Qi Diagnostics," stated David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon GloboCare. "KetoAir is the first breathalyzer on the market that uses an AI nutritionist bundled with a nanosensor-based breathalyzer for ketogenic health management. Our primary focus will be on targeting the diabetes reversal and obesity management markets. Given the effectiveness of the ketogenic diet as a treatment option for both diabetes and weight management, we believe there is tremendous potential in addressing these critical health concerns. With the soft launch planned for 2024 and a full-scale launch in 2025, we are excited to bring KetoAir to individuals seeking to enhance their health and wellness journey."
|
BYND | Hot Stocks09:05 EDT Beyond Meat unveils new, expanded line of Beyond Crumbles - Beyond Meat announced a newly renovated and expanded line of Beyond Crumbles rolling out now in the freezer aisle at grocery stores across the U.S. "We continue to innovate across our product lines to deliver delicious taste and health benefits alike. For consumers who love the taste and versatility of beef, but want to reduce saturated fat and cholesterol in their diet, Beyond Crumbles offer a convenient, healthy protein for the center of the plate. Beyond Crumbles' strong nutritional profile, coupled with its simple and clean ingredient list, earned the product certification by the American Heart Association's Heart-Check program and the American Diabetes Association's Better Choices for Life program," said Beyond Meat Founder and CEO Ethan Brown.
|
CVOSF | Hot Stocks09:04 EDT Coveo Solutions introduces two GenAI business applications - Coveo announced two new GenAI business applications that bring Relevance Generative Answering into additional touchpoints across the Customer Experience journey: Relevance Generative Answering for Agents and Relevance Generative Answering for In-App Search. Coveo also announced more than 15 additional enhancements to the Coveo AI Platform.
|
TECH | Hot Stocks09:04 EDT Bio-Techne and Nikon partner for spatial biology services - Bio-Techne announced that Lunaphore, part of Bio-Techne's Spatial Biology Division, is partnering with Nikon Instruments to expand access to spatial biology services with the COMET platform for US-based biotech, pharma, and academic customers. Lunaphore's COMET technology is the only fully-automated, high-throughput, hyperplex platform with superior tissue profiling capabilities, which performs protein detection with standard, non-conjugated antibodies. The Nikon BioImaging Lab is a research and innovation hub recently established by Nikon in the Greater Boston area, with the mission of providing contract imaging solutions, AI-enhanced analysis and bioassay development services to foster research and drug discovery. Together, Lunaphore and the Nikon BioImaging Lab will be able to leverage their complementary expertise in microscopy-based imaging and analysis to bring COMET technology and spatial biology to the greater scientific community.
|
SYNX | Hot Stocks09:04 EDT Silynxcom delivered an order for special forces military unit in Asia Pacific - Silynxcom announced it has delivered an order to a special forces unit in the Asia-Pacific region. This showcases the increasing global demand for the Company's high-quality, ruggedized communication solutions. This new order signifies Silynxcom's strategic expansion into new markets, further solidifying its reputation as a trusted provider of tactical communication systems that meets the rigorous demands of military and defense operations worldwide. "Silynxcom's entry into the Asia-Pacific market coincides with its continuous efforts to innovate within the field of tactical communication", said Nir Klein, Chief Executive Officer of Silynxcom. "Our products, known for their durability, advanced technology and the ability to provide critical in-ear sound protection are being chosen by defense organizations seeking to equip their personnel with the best communication tools available. Receiving an order from this sophisticated customer, a military special forces unit, is a testament to the trust and the confidence in our products, and the Company's ability to meet the unique needs of our defense customers."
|
BOWL | Hot Stocks09:04 EDT Bowlero promotes Zac Sulma to chief sales officer - Bowlero announced the promotion of Zac Sulma as chief sales officer. Sulma will be responsible for enhancing future sales initiatives. Sulma will report directly to Thomas Shannon, Bowlero's founder, chairman, and CEO.
|
WFSTF | Hot Stocks09:03 EDT Western Forest completes sale of ownership interest in mid-island partnership - The Tlowitsis, We Wai Kai, Wei Wai Kum and K'omoks First Nations and Western Forest Products announced the completion of the previously announced agreement for the Nations to acquire a 34% interest from Western in a newly formed Limited Partnership for $35.9 million. The parties also announced the new name for the Partnership, which will be known as La-kwa sa muqw Forestry going forward. The name means 'the wood of four' in the Kwak'wala language. The Partnership consists of certain assets and liabilities of Western's Mid Island Forest Operation, including the newly-established Tree Farm Licence 64, created through the subdivision of Block 2 from Tree Farm Licence 39. The operations of the new Partnership cover approximately 157,000 hectares of forest land in the traditional territories of the Nations near the communities of Campbell River and Sayward on eastern Vancouver Island. The Partnership will manage an allowable annual cut of 904,540 cubic metres of timber and includes a long-term fibre agreement to support Western's British Columbia coastal manufacturing operations.
|
AIHS | Hot Stocks09:03 EDT Senmiao Technology regains Nasdaq compliance - Senmiao Technology announced that it has received a letter from the Nasdaq Listing Qualifications Staff, dated March 26, 2024, notifying the company that it has regained compliance with the minimum bid price requirement under the Listing Rules of The Nasdaq Stock Market. The letter noted that as a result of the closing bid price of the company's common stock having been at $1.00 per share or greater for 20 consecutive business days, from February 27, 2024 to March 25, 2024, the fcompany has regained compliance with Listing Rule 5550(a)(2), and the matter is now closed.
|
SGD | Hot Stocks09:03 EDT Safe and Green Development provided business update - Highlights from 2023 and subsequent weeks include: Becoming a publicly traded company listed on the NASDAQ; Received approval to purchase Right of Way Approval at Norman Berry village project in Atlanta, GA and Securing financing for Norman Berry expansion; Acquired XENE Real Estate AI Software; Announced Entry into Contribution Agreement to form a joint venture to develop the Lago Vista property; Entered into a Contract to sell St Mary property for $1.35 million. David Villarreal, President & CEO of SG DevCo, stated, "I am pleased to announce 2023 progressed as we had planned and allowed us to execute on a number of initiatives and business plans we set forth prior to becoming a public company. We believe we have the foundation in place to capitalize on the real estate market from different angles, including but not limited to property ownership which has already resulted in land pre-development, the establishments of joint ventures, profitable land sales and the acquisition of software and technology designed to improve various aspects of the real estate industry."
|
CTSH | Hot Stocks09:01 EDT Cognizant extends strategic agreement with LexisNexis Legal & Professional - Cognizant has announced a multi-year extension of its strategic agreement with LexisNexis Legal & Professional, a global provider of information and analytics. Through this renewed agreement, Cognizant will continue providing cloud and digital engineering services, helping accelerate feature releases and streamline operational efficiency through automation and cost optimization of LexisNexis' next-gen legal research solution, Lexis+. LexisNexis extended its relationship with Cognizant due to the company's proven track record as a long-trusted provider.
|
RGDFF | Hot Stocks08:57 EDT Reunion Gold announces additional drill results from Oko West project - Reunion Gold announced additional drill results from its ongoing infill and step out drill program at the Kairuni zone on its Oko West project in Guyana. Hole D-380, which is located in Block 6 intersected 39.7 meters @ 5.27 grams per tonne of gold from 152.3 m downhole, including 3.8 m @ 14.18 g/t Au and 13.0 m @ 10.50 g/t Au. The results from Hole D-380 are encouraging as they indicate the potential for additional high-grade mineralized shoots to be defined in areas of existing wider drill spacing where the current infill continues. Downdip from D-380 and also within Block 6, drill hole D-392 intersected 70.3 m @ 1.08 g/t Au from 193.0m downhole, including 12.0 m @ 3.42 g/t Au. On the northern margin of Block 4, Hole D-377, which is located on the northern margin of the Block 4 high grade zone, intersected 55.0 m @ 2.42 g/t Au from 645 m downhole, including 5.5 m @ 5.97 g/t Au and 20.4 m @ 3.42 g/t Au. Rick Howes, President & CEO of Reunion Gold, commented, "It is encouraging to see these strong exploration results from the Block 6 area as the Company continues to advance along its dual track strategy of continuing its exploration programs while at the same time rapidly advancing Oko West down the development path. The PEA remains on track for release by the end of Q2 2024. On the exploration front, the addition of new datasets is allowing our exploration team to target more effectively within other areas of the Oko West project area. Alongside this, Reunion is continuing to evaluate and define new properties for further exploration in both Guyana and Suriname."
|
XPL | Hot Stocks08:50 EDT Solitario discovers new gold zone on Golden Crest project - Solitario Resources reports that it has discovered another high-grade gold zone on its Golden Crest project, named Sleeping Beauty. Recently received assay results from reconnaissance rock sampling of outcrop, sub-crop and float from the 2023 field season yielded gold values as high as 39.6, 24.6 and 16.6 grams per tonne gold. Sleeping Beauty is situated on a topographic plateau underlain by the same favorable limestone found at the high-grade Geyer gold zone, which is located about 500 meters to the south. The two zones are separated by a shallow valley, where mineralization is considerably weaker at surface and rock outcrops are absent. Although the Sleeping Beauty zone has an apparent east-west orientation, the overall trend of mineralization over a larger scale area is thought to be generally in a northeast-southwest direction. Approximately 135 samples were collected and assayed from the Sleeping Beauty topographic plateau area. Twenty-eight of these samples assayed greater than 1.0 gpt gold, with 65 samples greater than 0.2 gpt gold. Within the 1600-meter-long trend, there are five clusters of higher-grade gold. The highest-grade cluster measures 170 by 260 meters and is open in all directions. The average grade of all 14 grab samples collected in this high-grade cluster is 7.12 gpt gold.Chris Herald, President and CEO of Solitario, stated: "In the late summer of 2023 we began to focus on a large area north of Geyser, as the north side of Geyser was open to expansion. This area, that we now call Sleeping Beauty, has developed into one of the largest target areas yet discovered at Golden Crest. Although sampling is still in the early days at Sleeping Beauty, we believe that it will develop into a major high-grade target area with the additional work we have planned for 2024. Importantly, we anticipate reporting our final assay results from the 2023 field season over the next several weeks."
|
GILD | Hot Stocks08:49 EDT Gilead announces FDA approval for Vemlidy sNDA - Gilead announced that the FDA has approved the supplemental new drug application, or sNDA, for Vemlidy 25 mg tablets as a once-daily treatment for chronic hepatitis B virus, or HBV, infection in pediatric patients six years of age and older and weighing at least 25 kg with compensated liver disease.
|
CEI | Hot Stocks08:48 EDT Camber Energy announces issuance of patent by USPTO - Camber Energy announced that on March 26, 2024, the U.S. Patent and Trademark Office issued U.S. patent11,942,776 entitled "Electric Transmission Line Ground Fault Prevention Systems Using Dual Parameter Monitoring With High Sensitivity Relay Devices in Parallel With Low Sensitivity Relay Devices". This new patent is part of a portfolio of intellectual property that has been incorporated into Broken Conductor Protection technologies: designed to detect a broken conductor anywhere on a transmission circuit and de-energize the line within half of a second before it touches the ground or a grounded structure; which do not interfere with existing protection; work on all transmission circuits in conjunction with existing equipment; are more reliable than other solutions because they leverage the physics of a transmission circuit; and designed to prevent broken conductors from starting fires and/or injuring persons. The technology is designed to be an integral component within a much-needed, worldwide grid hardening and stability initiative by electric utilities to improve resiliency and reliability of existing infrastructure. The new patent was issued to Viking Protection Systems, LLC, a majority-owned subsidiary of Camber's wholly-owned subsidiary, Viking Energy Group, Inc.
|
TLRY | Hot Stocks08:47 EDT Tilray's SweetWater Brewing launches Hammer Red Amber Ale - SweetWater Brewing Company, a subsidiary of Tilray Brands, announced the release of its new Hammer Red Amber Ale, the latest collaboration beer as part of its partnership with Georgia Aquarium. A portion of sales of the limited-release beer will be donated to Georgia Aquarium to support its mission of inspiring awareness and preservation of oceans and aquatic animals worldwide. Hammer Red Amber Ale is available throughout Georgia now until October 2024.
|
BLIN | Hot Stocks08:46 EDT Bridgeline Digital releases Zeus update with concept, image search - Bridgeline Digital announced that Smart Search by HawkSearch, featuring AI powered concept and image search with Generative AI (GenAI) capabilities, is now available to the general public. Smart Search leverages the latest advancements in AI, including large language models and vector databases, to empower online shopping search functionality. "I've spent most of my life in AI research and the last 24 months have seen more progress in AI than the last 24 years," said Ari Kahn, CEO of Bridgeline. "AI has changed expectations for online shoppers and Smart Search powers Bridgeline's customers to bound past their competitors with a more intuitive shopping experience that converts online visitors to online buyers. This release affirms our dedication to fostering our customers' success in the increasingly competitive online marketplace."
|
OTLY | Hot Stocks08:46 EDT Oatly Group to bring The Malmo Oat Milkers to Minor League Baseball - Oatly announced yet another corporate sponsorship innovation, bringing The Malmo Oat Milkers to Minor League Baseball. The announcement of the league's 121st team, made during MLB Tonight's March 27 evening broadcast, is part of the oatmilk company's ongoing multi-year partnership with the league as its first-ever national plant-based, non-dairy sponsor, and pays homage to Oatly's home city of Malmo, Sweden.
|
RSLS | Hot Stocks08:45 EDT ReShape Lifesciences receives notice of allowance for additional U.S. patent - ReShape Lifesciences announced that the company has received a Notice of Allowance from the U.S. Patent and Trademark Office, USPTO, for patent application 18/370,819, entitled, "Intragastric Device." When issued, the patent will cover claims for an intragastric balloon system, comprising a capsule configured to be swallowable by a patient and to degrade in a gastric environment, with a balloon compacted and contained within the capsule, the balloon including an outer and inner surface, an interior cavity, a fill valve and release valve wherein the fill valve and release valves are separate valves, among other claim features. Once issued, the patent will provide protection into at least January 2031, without accounting for a potential Patent Term Extension.
|
THRD GBIO | Hot Stocks08:44 EDT Third Harmonic Bio appoints McDonough to board of directors - Third Harmonic Bio (THRD) announced the appointment of Geoff McDonough, M.D., to its Board of Directors. Dr. McDonough is currently President and Chief Executive Officer and serves on the Board of Directors of Generation Bio (GBIO).
|
IONM | Hot Stocks08:43 EDT Assure Holdings closes sale of certain assets to MPOWERHealth - Assure Holdings closed the sale of certain assets of its IONM business to MPOWERHealth on March 26, 2024. The sale includes proceeds of up to $4.5 million, of which $2.32 million was paid in cash at the initial closing and up to an additional $2.18 million to be paid in relation to a potential earnout payment tied to case volume from the acquired assets during the 12-month period following the initial closing. The asset sale includes most of the Company's healthcare facility contracts and clinical equipment, and a majority of the Company's employees. The Company retains certain of its assets, including but not limited to, its accounts receivable and its employees in the revenue cycle management team.
|
SRM | Hot Stocks08:43 EDT SRM Entertainment announces Sip with Me cups re-order - SRM Entertainment has received an 18,000+ piece assorted Sip With Me Cup re-order with a retail value of approximately $275,000. The order from one of SRM's Orlando theme park customers, that has been in business more than fifty years and welcomes more than four million guests per year, continues to be a great venue for SRM to introduce its patented Sip With Me cups to our target audience.
|
DYAI | Hot Stocks08:42 EDT Dyadic International appoints Lucy as Chairman of board, changes to the board - Dyadic International announced that Michael Tarnok is stepping down as Chairman of Dyadic's board of directors and that current member of the Board Patrick Lucy has been appointed to succeed him, in each case, effective immediately. Tarnok will continue to serve as a director through the end of his current term, which will end at the Company's annual meeting in June 2025, at which time he expects to retire. In addition, Dr. Barry Buckland announced that he is retiring and therefore will not stand for re-election at the Company's annual meeting in June 2024. The Board has decided not to fill the vacancy due to Dr. Buckland's retirement which will result in a reduction of the size of the Board from seven to six members. Finally, Joseph Hazelton has been appointed Chief Operating Officer, effective immediately, and will oversee the day-to-day operations of the Company. Lucy joined the Board in January 2021 and serves on the company's Science and Technology Committee.
|
NXL | Hot Stocks08:42 EDT Nexalin Technology announces results of clinical study on Gen-2 tACS device - Nexalin Technology announced the positive results of a clinical study evaluating Nexalin's Gen-2 tACS device for reducing pain in veteran patients with Mild Traumatic Brain Injury. The study was conducted at The University of California, San Diego, and is further detailed in an abstract co-authored by the United States Department of Veterans Affairs San Diego Healthcare System, and the Radiology, Psychiatry and Neurosciences Departments of UC San Deigo. The study was conducted as a randomized, double-blind, placebo-controlled clinical trial over an eight-week period, with two groups being examined: an active tACS group and a sham tACS group. As part of the clinical study, 24 veteran patients with mTBI received twelve sessions of active or sham tACS over a period of four consecutive weeks, followed by a four-week follow-up period. The abstract summarizing the findings of the study was submitted for a presentation at the Biomedical Advanced Research and Development Authority "State of the Technology Meeting: Neurotrauma Diagnosis, Monitoring, and Assessment" on March 12, 2024. BARDA is a U.S. government agency under the Department of Health and Human Services focusing on the development and purchase of the necessary vaccines, drugs, therapies, and diagnostic tools for public health medical emergencies. A repeated analysis of variance measurement tested the treatment effect in resting-state magnetoencephalography data. Post-concussive symptoms were assessed using the Rivermead Post-Concussion Symptoms Questionnaire, Neurobehavioral Symptom Inventory, and McGill Pain Questionnaire. When measured by the MPQ pain scale, the Nexalin treatment group showed a significant reduction in pain when compared to the sham group, as measured by MPQ. Additionally, the active treatment group showed reduced RPQ and NSI symptoms relative to the sham group. Additionally, no adverse events were observed during treatment in the two groups. As part of the study, MEG was used to visually assess neuronal changes in veterans with combat-related mTBI after they received treatment with Nexalin's non-invasive, frequency based deep brain stimulation. Before and after MEG imaging demonstrated significant changes in deep brain structures related to abnormal hyperactive waveforms in the brain, including both delta and gamma waves at the center of increased abnormal activity in the brain. Compared with the sham group, veterans in the active treatment group showed significant reductions in delta-band activity and abnormal gamma-band activity. These reductions in abnormal activity may indicate that a healing of the neurons is occurring and may be returning certain abnormal areas of brain function to normal, which then suggests an improvement in GABA-ergic inhibitory functions.
|
CISO | Hot Stocks08:40 EDT CISO Global enters into exclusive agreement with Fortegra - CISO Global and The Fortegra Group have entered into an exclusive agreement to provide product protection plans for CISO Global cybersecurity clients via Fortegra's P&C Group subsidiaries. "Partnering with CISO Global marks a forward-thinking step in both cybersecurity and insurance," said Cooper Wallach, VP of Specialty Products and Programs at Fortegra. "It's a fusion of our extensive specialty insurance experience and the latest technology, offering unmatched protection and showcasing our collective commitment to safeguarding digital futures."
|
ELYS | Hot Stocks08:40 EDT Elys BMG Group completes sportsbook installation at The Ugly Mug - Elys BMG Group announces the completion of its sportsbook installation at The Ugly Mug restaurant and bar situated at 723 8th St SE, in Washington, DC. This collaboration underscores Elys' commitment to providing unparalleled sports wagering experiences for small and local businesses across America. Opening of the Ugly Mug Sportsbook is subject to final approval from the District of Columbia Office of Lottery and Gaming and will represent the Company's fourth privately owned sportsbook in the District.
|
RNAZ | Hot Stocks08:39 EDT Transcode Therapeutics announces appointment of Vlock as CMO - TransCode Therapeutics announced that Daniel Vlock, M.D., has been appointed as the company's Chief Medical Officer, CMO. Dr. Vlock is a medical oncologist with over 25 years of industry experience and 15 years in academia, including renowned institutions Yale University, University of Pittsburgh, and Harvard University.
|
OSI | Hot Stocks08:38 EDT OSI Systems gets $5M order to provide 920CT baggage screening technology - OSI Systems, announced that its Security division received a $5 million order to provide 920CT baggage screening technology for passenger checkpoints at a leading European international airport. Deepak Chopra, OSI Systems' Chairman and CEO, commented, "We are pleased with this award and look forward to supporting the customer's efforts to upgrade its security infrastructure. We strive to elevate passenger screening processes with advanced CT checkpoint technology for an enhanced and efficient experience."
|
BNIX | Hot Stocks08:37 EDT Bannix Acquisition, GBT partner to bring VisionWave to market - Bannix Acquisition together with GBT Technologies announced that the Company and VisionWave Technologies Inc., which is partially owned by GBT have executed a binding Business Combination Agreement with the goal of bringing a groundbreaking imaging technology called "VisionWave" to market. This technology platform, backed by a portfolio of patents, leverages the power of radio waves and machine learning to create a new frontier in computer vision. The companies said, "VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications. Using radio waves, the goal of the system, which is under development, is to: Analyze reflections to create detailed 2D and 3D images of stationary and moving objects, including living beings, above and below ground. Offer 360 degrees coverage through AI-driven radio wave analysis, providing unparalleled situational awareness. Integrate seamlessly with existing radar systems, enhancing their capabilities with advanced features. While the path to commercialization requires additional research, development, and strategic partnerships for successful market introduction, both Bannix and VisionWave are confident in the transformative potential of VisionWave. This innovative technology has the potential to redefine imaging and detection across various industries, from military applications to security and medical diagnostics."
|
NAOV | Hot Stocks08:35 EDT NanoVibronix to assist Veranex to develop UroShield and PainShield products - NanoVibronix announced it has entered into an agreement with Veranex to assist with the development of the company's next generation UroShield and PainShield products. Under the terms of the agreement, Veranex will provide certain research and development services as related to PainShield and UroShield. Brian Murphy, Chief Executive Officer of NanoVibronix, Inc., said, "Teaming up with Veranex provides us with access to additional industry expertise and manufacturing know-how to further improve our products and stay ahead of the innovation curve. By working with an outside partner with proven methods and techniques to evolve our products, we believe we will be able to offer a next generation of products that not only increases clinician and patient satisfaction but also future-proofs the components and reduces our cost of goods."
|
PTCT | Hot Stocks08:34 EDT PTC Therapeutics submits MAA for sepiapterin in PKU to EMA - PTC Therapeutics submitted the sepiapterin MAA to the European Medicines Agency, or EMA. The MAA submission is for the treatment of pediatric and adult patients with Phenylketonuria, including the full spectrum of disease subtypes. Phenylketonuria, or PKU, is a rare, inherited metabolic disease, which affects the brain. The sepiapterin MAA includes the results of the phase 3 APHENITY trial in which sepiapterin had a statistically significant and clinically meaningful reduction in blood phenylalanine levels in pediatric and adult PKU patients. PTC expects to submit the sepiapterin NDA to the FDA no later than the third quarter of 2024. Submissions in 2024 are planned in a number of additional key countries where PTC has existing rare disease commercial infrastructure including Brazil and Japan.
|
NBIX | Hot Stocks08:31 EDT Neurocrine initiates Phase 1 study of NBI-1065890 - Neurocrine Biosciences announced the initiation of its Phase 1 clinical study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of investigational compound NBI-1065890 in healthy adult participants. NBI-1065890 is an investigational, oral, selective inhibitor of the vesicular monoamine transporter-2 for the potential treatment of certain neurological and neuropsychiatric conditions.
|
BDRX | Hot Stocks08:29 EDT Biodexa says early trials of MTX110 show promise in extending life expectancy - Biodexa Pharmaceuticals is developing MTX110 for the treatment of Diffuse Midline Glioma in pediatric patients and for Recurrent Glioblastoma in adults; two aggressive brain cancers with universally poor prognoses. The company says early trials of MTX110 in both cancers show promise in extending survival rates beyond those reported in previously published studies. DMG tumors are highly aggressive grade IV tumors that exhibit a propensity to infiltrate the surrounding tissues. Commonly found throughout the brainstem, these tumors pose significant challenges in treatment. The median overall survival rate for individuals - typically children diagnosed with diffuse midline glioma is less than one year - generally ranges from eight to 11 months. A small percentage, approximately 10%, manage to survive for at least two years following diagnosis. Glioblastoma is the most prevalent malignant primary tumor of the central nervous system in adult patients and is known for its aggressive nature and tendency to invade surrounding tissues. Although GBM is rare, it carries a high fatality rate, with an incidence of 3.44 per 100,000 individuals and a median overall survival of only eight months, regardless of treatment. The five-year survival rate stands at a mere 7.2%. Recurrence poses a significant challenge for adult patients with GBM, and the prognosis remains bleak. Tumor recurrence, typically occurring within seven months from the initial diagnosis, is the primary cause of mortality. Both cancers have a high mortality rate and a high unmet need. Biodexa is hoping to meet these needs as it further develops MTX110. The main chemotherapy agent of MTX110, panobinostat, was originally used to treat multiple myeloma and received FDA approval in 2015. The company is currently reworking the chemotherapy agent by changing its delivery method and leveraging Convection Enhanced Delivery technology. Researchers discovered that the original formulation of panobinostat was capable of blocking enzymes involved in cancer cell growth, exhibiting high potency against brain stem tumor cells in vitro and in vivo. However, the original oral tablet form is both insoluble and incapable of crossing the blood-brain barrier at therapeutic levels - making it an ineffective treatment method for brain cancers. The distinctive feature of MTX110 is that it combines a water-soluble form of panobinostat with a CED device that delivers the drug directly to the brain tumor through a surgically implanted catheter and refillable pump. Biodexa says the drug achieves high drug concentrations within the tumor while limiting systemic exposure. The proof-of-concept phase 1 clinical trial of MTX110 took place at the University of California San Francisco with patients battling DMG. The trial produced promising results with a median overall survival of 26 months, compared to a historical overall survival rate of 10 months. Similarly, a phase 1 trial involving newly diagnosed DMG patients at Columbia University Irving Medical Center also had encouraging outcomes, with MTX110 treatment increasing median overall survival to 16 months from a historical overall survival rate of 10 months. The findings from this study will be presented at the 21st International Symposium on Pediatric Neuro-Oncology, and the company may potentially continue developing the drug in this indication in a phase 2 study. Biodexa reports that the ongoing MAGIC-G1 phase 1 trial in recurrent GBM patients at Duke Cancer Institute and Baptist MD Anderson Cancer Center is currently showing considerable progress with completion of recruitment for cohort A of the study. The first patient survived for 12 months, and three patients currently remain in the study. The expected topline results for progression-free survival from cohort A will be available in Q2 of 2024. The retrospective analysis of 299 patients with similar recurrent GBM disease showed a median overall survival of only 6.5 months after the recurrence of GBM cancer.
|
BTCY | Hot Stocks08:27 EDT Biotricity enters partnership with third major group purchasing organization - Biotricity continues its strategic expansion with the announcement of its latest partnership with yet another leading Group Purchasing Organization. GPOs streamline purchasing processes for medical providers and systems. With this latest partnership, Biotricity's GPO partners collectively manage the buying needs of 9 out of every 10 hospitals in the U.S. Moreover, they wield immense purchasing power, totaling $264 billion. With these strategic alliances, Biotricity is poised to drive growth by capitalizing on these expansive market channels, solidifying its standing as a premier player in the healthcare technology sector.
|
TNON | Hot Stocks08:26 EDT Tenon Medical appoints Kristine Jacques to board of directors - Tenon Medical announced that Kristine Jacques has been appointed as an independent member of the Company's Board of Directors on March 25, 2024, effective immediately. Following this appointment, Tenon Medical's Board of Directors consists of seven members, including four independent directors. Most recently, Ms. Jacques was Vice President & GM, Interventional Pain Therapies of Vivex Biologics.
|
TLLYF | Hot Stocks08:25 EDT Trilogy International, SG Enterprises II complete go-private transaction - Trilogy International Partners announced that SG Enterprises II has completed the previously announced acquisition of the Company by way of a court-approved plan of arrangement. Under the terms of the Arrangement, SG acquired all of the issued and outstanding common shares of the Company, other than the Common Shares already held by SG1, in exchange for cash consideration of $0.07 per Common Share. SG will pay an aggregate of $5,020,332.10 in cash to shareholders under the Arrangement. On March 27, 2024, the Company obtained a final order from the Supreme Court of British Columbia approving the Arrangement. The Common Shares are expected to be delisted from the TSX Venture Exchange on or around market close on April 1, 2024. An application has been made for the Company to cease to be a reporting issuer under applicable Canadian securities laws. An application will also be made for the Company to terminate its reporting obligations in the United States.
|
NITO | Hot Stocks08:23 EDT N2OFF granted patent approval in South Africa - N2OFF announces that one of Save Foods Ltd.'s patents has been granted in South Africa. This achievement emphasizes the Company's ongoing commitment to global food safety and sustainability while expanding its geographical distribution. The newly granted patent, "Sterilization Compositions and Methods for Use Thereof", refers to kits and methods for controlling pathogen load within or on the surface of edible plant matter.
|
AMC | Hot Stocks08:22 EDT AMC Entertainment down 13% at $3.79 after annoucing $250M common stock offering
|
EBS | Hot Stocks08:22 EDT Emergent BioSolutions continues to broaden access of NARCAN nasal spray - Emergent BioSolutions remains committed to fighting the ongoing opioid crisis by broadening access to, and awareness of, NARCAN Nasal Spray to help save lives in opioid overdose emergencies. One year after Emergent obtained the historic OTC U.S. FDA approval in March 2023 and seven months since retail launch in August 2023, the availability of NARCAN Nasal Spray in pharmacies, grocery stores and online retailers has helped more people gain access to this life-saving product. Emergent and other stakeholders in the fight must continue raising awareness about the availability of products like NARCAN Nasal Spray, reducing stigma and further improving access for all Americans. "We're living in a time when one person dies approximately every six minutes from an accidental opioid overdose - prevention and response efforts require an all-hands on deck approach toward lessening this devastating public health crisis," said Joseph Papa, president and CEO of Emergent. "In my first month leading Emergent, and alongside our dedicated colleagues, we continue to advance our mission to protect the public from threats such as the opioid epidemic and am proud of our efforts to help save lives."
|
VISL | Hot Stocks08:21 EDT Abu Dhabi's autonomous car race series powered by Vislink, Focal Point VR - Abu Dhabi is set to become the epicenter of a technological revolution in motorsport entertainment as the A2RL series, powered by an innovative partnership between Vislink Technologies, Inc. and Focal Point VR Ltd., prepares to launch its first season. "We are thrilled to join with two phenomenal innovators in the Abu Dhabi racing circuit - ASPIRE and A2RL - to advance the future of autonomous car racing and deliver unparalleled entertainment experiences," shared Mickey Miller, CEO of Vislink. "Our partnership with virtual reality leader Focal Point VR leverages Vislink's ultra-reliable, low-latency video to connect the excitement of the cockpit with fans everywhere."
|
MCHP | Hot Stocks08:20 EDT Microchip expands Serial SRAM product line - To address a common customer need for bigger and faster SRAM, Microchip Technology has expanded its Serial SRAM product line to include larger densities of up to 4 Mb and increased Serial Peripheral Interface/Serial Quad I/O Interface speed to 143 MHz. The 2 Mb and 4 Mb devices are designed to provide a lower-cost alternative to traditional parallel SRAM products and include optional battery backup switchover circuitry in the SRAM memory to retain data on power loss.
|
XMTR | Hot Stocks08:20 EDT Xometry introduces enhanced features for Teamspace collaboration software - Xometry introduced enhanced features for its Teamspace enterprise collaboration software designed to further expedite procurement on its marketplace. "We're consistently evolving our cloud-based software to make it even easier for engineers, managers and purchasing executives to accelerate their custom manufacturing projects on our AI-driven marketplace," said Brendan Sterne, Xometry's Chief Product Officer. "From the procurement desk to the shop floor, Xometry is delivering an expanded set of capabilities that allow greater collaboration and strengthen supply chains."
|
HONE | Hot Stocks08:19 EDT HarborOne Bancorp increases quarterly cash dividend 6.7% to 8c per share - HarborOne Bancorp announced that its board of directors has declared a quarterly cash dividend of 8c per share, which represents an increase of 6.7%, compared to its most recent dividend paid on January 18. The dividend will be paid on April 24 to all shareholders of record as of the close of business on April 10.
|
OCEA | Hot Stocks08:19 EDT Ocean Biomedical congratulates Virion on Phase 1b data for VRON-0200 - Ocean Biomedical congratulates its JV partner Virion Therapeutics, a clinical-stage biotechnology company developing novel T cell-based immunotherapies, on its late breaker oral presentation highlighting the first-ever human data from its novel checkpoint modifier immunotherapy for HBV functional cure, at the 33rd Annual Meeting of APASL, taking place in Kyoto, Japan from March 27 - 31. The late breaker Phase 1 data presented, Virion APASL 2024 Clinical Late Breaker , which includes Virion's first checkpoint modifier, glycoprotein D, demonstrated that VRON-0200 was safe and well tolerated, with no clinical or laboratory changes of concern, following a single intramuscular of 10 chronically HBV-infected patients, representing 641 patient safety days. "These first ever data for a checkpoint modifier containing T cell vaccine of any kind, represent a critical first step towards our goal of bringing a safe, well tolerated, and easy to administer interferon-sparing immunotherapy to HBV-infected patients worldwide," said Virion's CEO, Dr. Andrew Luber. Luber added, "VRON-0200 is our lead clinical program and these clinical safety data will further support our proprietary platform technologies and other pipeline programs in development, including VRON-0300, which is for patients with advanced solid tumors."
|
GRRR | Hot Stocks08:18 EDT Gorilla announces further expansion in the Thailand market - Gorilla Technology Group announced its further expansion in the Thailand market, tackling its burgeoning data center needs by introducing a comprehensive suite of full-stack offerings aimed at revolutionizing security convergence for these facilities. This strategic expansion marks a significant milestone for both Gorilla and the evolving technological landscape in Thailand. Data centers are the cornerstone of digital infrastructure and essential for various sectors by storing critical information. Gorilla, leveraging its recent success in creating Egypt's first AirGap Network, plans to enhance the security of Thailand's data centers with its Security Convergence portfolio. Utilizing its proprietary technology and collaborations with industry leaders, the company seeks to set a new benchmark in security for Thailand's data center landscape, thereby protecting both digital assets and physical infrastructure.
|
TLRY | Hot Stocks08:17 EDT Tilray announces partnership with Denver Nuggets - Breckenridge Brewery, a subsidiary of Tilray Brands, announced a partnership with the Denver Nuggets to launch a celebratory beer the 'Championship Edition Mile High City Golden Ale'. "Breckenridge Brewery is thrilled to deepen our partnership with the Denver Nuggets through this special edition ale. This beer is more than a drink; it's a celebration of our shared victories and a tribute to our fans. The distinctive packaging, adorned with the Nuggets' classic rainbow logo, reflects the vibrant spirit and history of the team," said Ryan Workman, Director of Marketing at Breckenridge Brewery. "We're proud to bring a piece of the Nuggets' legacy into the hands of fans, enhancing their game day experience with a taste of victory."
|
WKSP | Hot Stocks08:16 EDT Worksport announces receipt of solar panels required to begin production - Worksport announces the arrival of a large quantity of custom solar panels, which are required to begin production of the highly anticipated SOLIS Solar Tonneau Cover at the Company's New York State manufacturing facility. This milestone marks a significant step forward, allowing the Company to begin initial production of the SOLIS Solar Tonneau Cover. "We are incredibly excited about the progress of the SOLIS Solar Cover and the upcoming launch of the COR Battery System," said Steven Rossi, CEO of Worksport. "The arrival of the solar panels at our New York State facility is not just a milestone for us, but a testament to our team's dedication and hard work. We are eager to bring these innovative products to the market and make a positive impact on the environment and the automotive industry."
|
NUVB | Hot Stocks08:16 EDT Nuvation Bio names Colleen Sjogren as Chief Commercial Officer - Nuvation Bio announced the appointment of Colleen Sjogren as Chief Commercial Officer. Ms. Sjogren will lead the Company's commercial strategy and operations, including marketing, sales, and market access. "We are thrilled to welcome Colleen as Nuvation Bio's first Chief Commercial Officer. She is an accomplished leader who has developed innovative, high-performing commercial organizations for successful product launches, including many leading oncology medicines. Of note, Colleen was one of my commercial superstars at Medivation when we launched XTANDI(R)," said David Hung, M.D., Founder, President, and Chief Executive Officer of Nuvation Bio. "Colleen joins us at an exciting moment, as we work toward transforming into a late-stage global oncology company with the potential to become commercial-stage by the end of 2025, all while advancing multiple novel therapies for patients with the most difficult-to-treat cancers."
|
GCMG | Hot Stocks08:16 EDT GCM Grosvenor expands credit team with two hires - GCM Grosvenor announced the addition of Brandon Cahill and Scott Ingles to its established credit team. Cahill and Ingles' expertise and experience further bolster GCM Grosvenor's extensive credit capabilities, enhancing the firm's ability to provide innovative investment solutions to its clients. Brandon Cahill, joining as a Managing Director, brings a wealth of knowledge and a proven track record in credit investing to the firm. Most recently, Cahill spent nearly twenty years at BlueMountain Capital Management as Co-Head of the firm's global CLO business. Scott Ingles, joining as a Principal, brings nearly ten years of experience in credit management and risk assessment. Before joining GCM Grosvenor, Ingles held senior positions at The Carlyle Group and PointState Capital, where he managed credit portfolios across various sectors.
|
BWAY | Hot Stocks08:15 EDT Brainsway announces results in late-life depression post-marketing analysis - BrainsWay announced positive results in a recently published post-marketing study of its Deep Transcranial Magnetic Stimulation for the treatment of late-life depression. The data were highlighted in an article entitled, "Never Too Late: Safety and Efficacy of Deep TMS for Late-Life Depression," that was published in the Journal of Clinical Medicine, an international, peer-reviewed, open access journal. The post-marketing study demonstrated real-world outcomes for older adults suffering from major depressive disorder. In the study, data was analyzed from 247 depression patients at 16 clinical sites in this age group who had been treated with BrainsWay's proprietary H1 Coil. The results showed a 79.4% response rate and a 60.3% remission rate for those patients who had received at least 30 treatment sessions, and were based on the rating scale that was most utilized for each individual patient. The outcomes were comparable to those reported in a post-marketing analysis of over 1,350 patients published in 2023.
|
KEYS | Hot Stocks08:15 EDT Keysight looks to acquire Spirent Communications for 199 pence per share - Keysight Technologies announced its intention to acquire the entire issued and to be issued share capital of Spirent Communications for a cash consideration of 199 pence per Spirent share which values Spirent at approximately GBP1,158M or $1,.463B, on a fully diluted basis. Spirent shareholders will also be entitled to receive a special dividend of 2.5 pence per Spirent share, in lieu of any final dividend for the year ended 31 December Spirent's board of directors intend to unanimously recommend the Offer which is conditional on, among other things, the approval of the requisite majority of Spirent Shareholders at the Court Meeting and the Spirent General Meeting, as well as regulatory approval as laid out in the Offer announcement. Keysight views Spirent's business as highly attractive and aligned with Keysight's long-term software-centric solutions strategy. Keysight believes there is strategic synergy between the two businesses, and that the parties' respective complementary products will help customers address their complex engineering challenges. Keysight and Spirent are both focused on enabling secular technology megatrends across multiple end-markets, including communications, aerospace and defense, automotive, and enterprise sectors. With Spirent's offerings, Keysight expects to address new serviceable available market opportunities of up to $1.5B.
|
LGCB | Hot Stocks08:14 EDT Linkage Global subsidiary to offer e-commerce store operation services - Linkage Global announced that Fujian Chuancheng Digital Technology Limited has launched cross-border e-commerce store operation services, which include operating and maintaining the customers' third-party online stores on Amazon, showcasing and promoting products, advertising and branding, as well as providing customer services to end users. With these services, Linkage aims to provide customers with comprehensive e-commerce solutions. The services are designed to assist traditional enterprises and brands in entering the global cross-border e-commerce market, enabling them to expand their business worldwide. Under this newly launched line of business, Fujian Chuancheng has entered into strategic partnerships and has signed agreements to provide cross-border e-commerce store operation services for Fuzhou Hengyu Xin Footwear and Fuzhou Hanqichangcheng Import and Export Trade, who are the first clients to experience Fujian Chuancheng's services. Zhihua Wu, CEO and Chairman of the Board of Directors of the Company stated, "Linkage remains steadfast in its commitment to unlocking the potential of our clients' businesses. Our collaboration with Hengyu Footwear and Hanqichangcheng exemplifies our unwavering dedication to long-term strategic development in this realm."
|
ENPH | Hot Stocks08:13 EDT Enphase Energy launches IQ8P microinverters in Thailand, the Philippines - Enphase Energy has started shipping IQ8P Microinverters, with peak output AC power of 480 W, for residential and commercial applications in Thailand and the Philippines to support newer high-powered solar modules.
|
AGFY | Hot Stocks08:13 EDT Agrify announces Turnkey Hydrocarbon Extraction equipment contract - Agrify Corporation announced the signing of a Turnkey Hydrocarbon Extraction and Lab Equipment Package with New England Edibles, dba SoundView, a licensed operator based in Bristol, CT. SoundView has purchased Agrify's Turnkey Hydrocarbon Extraction and Lab Equipment Package, which includes Precision Extraction's PX1 Hydrocarbon Extraction System, a Vacuum Oven Package, a 5L G3 Short-Path Distillation System, and C1D1 Fume Hood. In addition, SoundView has elected Agrify's Precision Development Group services to assist with a custom Concept Architecture Plan and Construction Document Plan sets for SoundView to meet compliance with the State of Connecticut to begin operation. Raymond Chang, Chairman and CEO of Agrify, shared that "We are pleased that Agrify's expansive portfolio of products allows for our customers to enter new cannabis markets at various scales. We believe our key to success has been Agrify's ability to provide turnkey support to our customers and eliminating the need for our customers to integrate different solutions. It is wonderful to partner with Soundview, one of the first Connecticut woman and veteran owned startup cannabis companies that prides themselves on promoting equity and inclusion in the industry and in disproportionately impacted areas of the State."
|
CMPS | Hot Stocks08:12 EDT Compass Pathways co-founders depart from board, David Norton named interim chair - Compass Pathways announced that Board Chair and co-founder George Goldsmith and fellow co-founder Ekaterina Malievskaia have resigned their seats on the company's board of directors, effective March 29, 2024. David Norton, lead independent director on the Compass board of directors, will become interim chair. Compass is running a global search for a permanent board chair, focused on recruiting a leader with a strong background in the biotechnology sector and broad strategic experience across the product lifecycle.
|
CPRX | Hot Stocks08:11 EDT Catalyst Pharmaceuticals announces support for inaugural LEMS awareness day - Catalyst Pharmaceuticals announced its endorsement of the inaugural Lambert-Eaton myasthenic syndrome, LEMS, Awareness Day. This landmark event, now officially observed annually on March 30th, signifies a meaningful milestone for the LEMS community. The chosen date holds profound historical significance, coinciding with the publication of Dr. Edward Lambert and Dr. Lee Eaton's pioneering research on LEMS, which has greatly advanced the understanding and treatment of this rare neuromuscular disorder. "Creating an awareness day for LEMS is a huge win for our community," said Price Wooldridge, Founder and Board Member of the LEMS Family Association. "This brings us one step closer to our goal, improving the awareness of our rare condition in the larger population. We couldn't be more thrilled to celebrate the milestone of this first LEMS Awareness Day together."
|
FDMT | Hot Stocks08:10 EDT 4D Molecular announce update on regulatory interactions, development for 4D-710 - 4D Molecular Therapeutic announced an update on its regulatory interactions and development path for 4D-710, an aerosolized genetic medicine for the treatment of CF lung disease. Given high-level cystic fibrosis transmembrane conductance regulator transgene expression in all lung airway biopsies disclosed to date, dose exploration continues with the evaluation of lower doses in the 4D-710 Phase 1/2 AEROW clinical trial in pwCF dosed at 5E14 vg and 2.5E14 vg; nine pwCF total have been dosed to date. Phase 2 Expansion Cohort dose selection is expected in Q2 2024 based on all clinical and lung biopsy data; the Company anticipates enrolling a total of six to nine pwCF in the Phase 2 Expansion Cohort. The Company submitted an AEROW trial amendment to the Cystic Fibrosis Therapeutics Development Network as follows: 1) to enroll pwCF with lower baseline percent predicted forced expiratory volume in 1 second to assess ppFEV1 response to 4D-710, and 2) to add a second lung biopsy procedure at a longer-term timepoint to study long term durability of 4D-710 CFTR transgene expression and optimal timing for redosing. In addition, the Company recently had discussions with the U.S. Food and Drug Administration and European Medicines Agency, regarding the registrational path for 4D-710 for treatment of CF lung disease in pwCF who are ineligible for or cannot tolerate approved CF modulator therapies. With regards to a full product approval in this patient population, the Company anticipates a Phase 3 randomized, controlled pivotal study enrolling approximately 60-80 pwCF with low baseline ppFEV1. Given the high unmet need in this CF population, an accelerated approval path may be feasible. The Company intends to have discussions with the FDA and EMA on an accelerated approval pathway, in parallel with Phase 3 planning, following additional AEROW clinical and lung biomarker data in pwCF with low baseline ppFEV1.
|
RGP | Hot Stocks08:09 EDT Resources Connection to acquire consulting firm Reference Point, no terms - Resources Connection announced it has entered into a definitive agreement to acquire Reference Point . Reference Point is a strategy, management, and technology consulting firm serving the financial services sector across four areas of focus: Strategy & Management, Risk & Regulatory Compliance, Digital & Technology and Data & Analytics. Led by Managing Partner Scott Goeden, Reference Point employs a differentiated consulting delivery model where engagements are led by former industry executives supported by top-tier consultants. Focused exclusively on the financial services sector, the firm provides end-to-end solutions for clients, from strategy development to implementation to management. This transaction, upon closing, will expand the portfolio of high-value advisory services RGP offers its financial services clients, and in turn, is expected to accelerate the growth of the firm's financial services and overall consulting business. It is further expected that the business combination will extend RGP's project execution and on-demand talent services to Reference Point's enterprise clients, while also fueling meaningful growth acceleration for the Reference Point business through its access to RGP's client base and differentiated on-demand talent model. The current Reference Point management team, led by Mr. Goeden, will continue to lead the business following the close of the transaction.
|
MRDB PRGS | Hot Stocks08:08 EDT MariaDB plc confirms receipt of proposal from Progress Software - The board of MariaDB plc (MRDB) confirmed that on March 26, it received an unsolicited non-binding indicative proposal from Progress Software (PRGS) to acquire the entire issued and to be issued share capital of the company. Progress publicly announced such offer on March 26. The board of MariaDB is reviewing and taking advice regarding the possible offer. The possible offer may or may not lead to an offer being made for the entire share capital of the company. There can be no certainty that any offer will be made. In accordance with Rule 2.6 of the Irish Takeover Rules, Progress is required, no later than 5:00 pm on May 7, being the 42nd day following the progress announcement, to either announce a firm intention to make an offer for the company in accordance with Rule 2.7 of the Irish Takeover Rules; or announce that it does not intend to make an offer for the company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Irish Takeover Rules applies. This deadline will only be extended with the consent of the Irish Takeover Panel in accordance with Rule 2.6 of the Takeover Rules, at the request of the company.
|
SYRA | Hot Stocks08:06 EDT Syra Health secures healthcare workforce contract in Missouri - Syra Health announced it has secured a healthcare workforce contract in Missouri for providing temporary medical services personnel. Revenue from the contract will be determined based on the number of positions filled and their duration. The contract encompasses the recruitment of specialized medical professionals crucial to addressing healthcare needs across Missouri. Specifically, the contract mandates the provision of resident physicians, physicians, chief physicians, psychiatrists, and chief psychiatrists, highlighting the various levels of expertise that Syra Health holds as part of its healthcare workforce solutions.
|
IMNN | Hot Stocks08:06 EDT Imunon sees cash runway into 4Q24 - The Company ended 2023 with $15.7 million in cash, investments and accrued interest receivable. Along with future planned sales of the Company's remaining $1.3 million of New Jersey NOLs, the Company believes it has sufficient capital resources to fund its operations into the fourth quarter of 2024.
|
CXM ADBE | Hot Stocks08:05 EDT Sprinklr appoints Amitabh Misra CTO, effective April 1 - Sprinklr (CXM) announced the appointment of Amitabh Misra as Chief Technology Officer CTO , effective April 1.Misra will lead all R&D teams across the globe including product and engineering at Sprinklr. He joins the Executive Leadership Team to share his passion for innovative technology to help the company grow and scale. He will report directly to Sprinklr Founder and CEO Ragy Thomas. Misra brings over 25 years of experience in building large-scale platforms for companies of various sizes, most recently, serving as Vice President of Engineering at Adobe (ADBE). There he led a global R&D organization for Adobe's Experience Cloud Platform including engineers, product leaders, and AI/ML researchers across India, Europe, and the US. Before joining Adobe, Misra was the Founder and CEO of GOFro.com and CTO, chief architect, and head of engineering at Snapdeal.com. He holds an MBA degree from the University of California at Berkeley and a BTech degree from IIT Kanpur.
|
NRXP | Hot Stocks08:05 EDT NRx Pharmaceuticals announces 1-for-10 reverse stock split - NRx Pharmaceuticals announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 10 pre-split shares. The reverse stock split will become effective at 4:30 p.m. Eastern Time on Monday, April 1. The company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol "NRXP" and will begin trading on a split-adjusted basis when the market opens on Tuesday, April 2. The new CUSIP number for the company's common stock following the reverse stock split will be 629444209.
|
LPCN | Hot Stocks08:05 EDT Lipocine's LPCN 1148 shows positive results in Phase 2 cirrhosis study - Lipocine announced positive topline results from a Phase 2 clinical study of LPCN 1148. LPCN 1148 is an oral candidate under development for the clinical management of cirrhosis. LPCN 1148 is targeted to be a "First in Class" product candidate with a novel mechanism of action. Lipocine plans to meet with the FDA to discuss a development path to NDA filing. The study's primary endpoint was a change in L3-Skeletal Muscle Index at week 24. Participants who received LPCN 1148 during Stage 1 had a significant increase in L3-SMI of 4.1 cm2/m2 or 8.8% at Week 24, the primary analysis timepoint, and this increase was maintained through the additional 28 weeks of the study. Placebo participants who began receiving LPCN 1148 saw a marked increase in SMI as early as 12 weeks after therapy initiation and this increase was maintained through Week 52. The average time to first Overt Hepatic Encephalopathy recurrence was longer with LPCN 1148 treatment, at 183 days compared to 35 days for placebo. In this 52-week study, LPCN 1148 was well-tolerated with AE rates and severities similar to those observed in Stage 1 with placebo. Participants experienced fewer serious or severe adverse events when switched from placebo to LPCN 1148. Participants on LPCN 1148 were hospitalized for fewer total days with shorter hospital stays. There were two deaths reported in placebo-treated participants and one in LPCN 1148-treated participants during the study.
|
SF | Hot Stocks08:03 EDT Stifel Financial reported February 2024 operating data - Total client assets: $458M; fee-based client assets: $172M. Ronald Kruszewski, Chairman and Chief Executive Officer, said, "In February, total client assets under management climbed to a record $458 billion, including a record $172 billion in fee-based assets. This represents a three percent increase from the prior month, driven by strong equity markets and financial advisor recruiting. Client money market and insured products increased 1% from January, despite modest seasonal cash sorting. While the environment for investment banking continues to improve, delays in deal closings remain a headwind for the business."
|
LH OPK | Hot Stocks08:03 EDT Labcorp to acquire select assets of BioReference Health for $237.5M - Labcorp (LH) and OPKO Health (OPK) announce that they have entered into an agreement for Labcorp to acquire select assets of BioReference Health, a wholly owned subsidiary of OPKO Health. Through this transaction, Labcorp will acquire BioReference Health's laboratory testing businesses focused on clinical diagnostics and reproductive and women's health across the United States outside of New York and New Jersey. This transaction includes patient service centers and certain customer contracts and operating assets. BioReference Health will continue to offer oncology and urology diagnostic services nationwide, as well as maintain its full operations in New York and New Jersey. When complete, the transaction is expected to provide patients, physicians and customers with greater access to Labcorp's comprehensive, high-quality laboratory services, scientific expertise and expanded testing capabilities in key regions across the country. The assets that Labcorp will be acquiring currently generate approximately $100M in annual revenue. The purchase price for the transaction is $237.5M. The proposed acquisition meets Labcorp's strategic and financial criteria. The transaction is subject to customary closing conditions and applicable regulatory approvals, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is anticipated to close in the second half of 2024.
|
COCP | Hot Stocks08:03 EDT Cocrystal Pharma sees cash runway beyond next 12 months - "All our programs target high-value unmet indications with novel, broad-spectrum, best-in-class antiviral candidates whose design and development uses our proprietary structure-based drug discovery platform technology," said James Martin, CFO and co-CEO. "I'm pleased to report that under our cost-efficient business model, we believe our cash position is sufficient to fund current operations including planned clinical studies beyond the next 12 months."
|
DIS | Hot Stocks08:03 EDT Disney urges shareholders to vote for its 12 director nominees - Disney urged shareholders to make sure their votes are in on the WHITE proxy card in support of Disney's 12 director nominees. The company said, "Disney encourages ALL shareholders to vote their shares online or by telephone no later than 11:59 p.m. Eastern Time on April 2, 2024. Instructions to vote by internet or telephone can be found on the WHITE proxy card. Disney has the right strategy to drive profitable growth and value creation for shareholders - positioning our streaming businesses for sustained growth and profitability, reinvigorating the Company's film studios, fortifying ESPN for the future and turbocharging growth in Disney's Experiences business. We have made substantial progress to make our business more efficient and effective, including a sharpened focus on our greatest brand and franchise assets, a continued commitment to cutting costs and declaring dividend payments for January and July of this year. This strategic transformation is working, as evidenced through the 34%1 year-to-date increase in our stock price, outpacing both peers and the S&P. The Board and management remain focused on this building plan to create superior, sustainable shareholder value. Disney's Board of Directors believes all of its 12 nominees are uniquely qualified to continue this important progress and create long-term shareholder value. The Board urges shareholders to protect their investment and the future of the Company by voting the WHITE proxy card FOR ONLY Disney's 12 nominees NOW and not the Trian Group or Blackwells nominees."
|
AEZS | Hot Stocks07:58 EDT Ceapro receives final court approval for merger with Aeterna Zentaris - Aeterna Zentaris and Ceapro announced that the Court of King's Bench of Alberta has issued a final order approving the arrangement described in the previously announced definitive agreement to combine the operations of Ceapro and Aeterna in an all-stock merger of equals transaction. The parties anticipate completing the Transaction in the second quarter of 2024, subject to obtaining all required approvals and satisfying all required conditions.
|
CDPYF | Hot Stocks07:47 EDT Canadian Apartment Properties announces $216M in strategic transactions - Canadian Apartment Properties Real Estate Investment Trust has closed on four non-core Canadian dispositions for combined consideration of $83.5 million, and has entered into an agreement to dispose of an additional parcel of unused land for $2.0 million. CAPREIT has also completed the acquisition of two strategically aligned, newly constructed purpose-built rental properties in Canada for $130.0 million. All amounts disclosed herein exclude transaction costs. This week, CAPREIT closed on the sale of two rental properties located in Langley, British Columbia, to New Vista Society, a local non-profit organization that provides affordable housing to seniors and families. New Vista Society is receiving funding from British Columbia's Rental Protection Fund. The buildings were both constructed in 1978 and contain 108 residential suites in total. Combined gross proceeds of $35.0 million were used in part to repay $6.5 million in aggregate mortgage principal outstanding. In addition, earlier in March, CAPREIT completed the disposition of a non-core, 240-suite property built in 1962 in Quebec City, Quebec, for $36.3 million in gross consideration, with the buyer having assumed the $21.4 million in mortgage principal outstanding. In January, CAPREIT also sold 32 residential suites built in 1969 in Victoria, British Columbia, for $12.3 million, with proceeds used in part to repay the outstanding $2.9 million mortgage. CAPREIT also announced that it has entered into an agreement to dispose of a 0.3 acre parcel of unused land in Halifax to a neighbouring developer for $2.0 million. CAPREIT has secured a Right of First Offer on the neighbouring site, once the apartment is constructed. The buyer of the land has waived conditions, and closing is anticipated in the second quarter of 2024. CAPREIT also announced that this month, it acquired two stabilized, concrete, rental apartment properties, one 16-storey and the other 17-storey, primely located in a sought-after community in London, Ontario. The high-quality buildings were constructed in 2019 and 2021, and contain an aggregate 291 spacious residential suites with a large average size of 1,160 square feet. The on-strategy, purpose-built rental apartments were acquired for $130.0 million, representing a significant discount to what it would cost to build today. CAPREIT additionally assumed the two existing below-market mortgages, which have a combined $80.9 million in principal outstanding, a weighted average term to maturity of 2 years, and carry an attractive 2.3% blended interest rate. The residual $49.1 million purchase price was funded by cash sourced from previously announced dispositions.
|
ARWYF | Hot Stocks07:42 EDT ARway announces multiple SaaS developer sign-ups for AR platform - ARway.ai announced multiple new SaaS developer sign-ups for its augmented reality experience platform providing AR indoor navigation. ARway is delighted to welcome La Casa de Juana, a pioneering real estate platform based in Chile, to its growing network of innovative collaborators. With a strong presence in the Chilean market, La Casa de Juana specializes in offering comprehensive online services for evaluating and booking rental property tours. By signing up for ARway's developer plan, La Casa de Juana aims to prototype and introduce augmented reality real estate tours, leveraging ARway's technology. This initiative will allow clients to enjoy immersive property viewings, enhancing their decision-making process with a blend of virtual and real-world experiences. Navigine, a global provider of hardware-based indoor navigation and wayfinding software, headquartered in New York and Berlin, has chosen to incorporate ARway's augmented reality technology into its expansive tech stack. Navigine's expertise in utilizing WiFi and Bluetooth technologies, alongside its blue dot technology, offers indoor navigation experiences. Navigine specializes in indoor navigation through hardware and beacons, covering over 3,000 unique facilities.
|
IRWD | Hot Stocks07:39 EDT Ironwood announces results from STARGAZE trial - Ironwood announced primary results up to Day 91 for its Phase II exploratory STARGAZE trial evaluating apraglutide in patients with steroid-refractory gastrointestinal acute Graft-versus-Host Disease. The primary objective of the trial was to evaluate the safety and tolerability of once-weekly apraglutide, a next-generation, long-acting glucagon-like peptide-2, or GLP-2, analog, in SR GI aGVHD patients treated with standard of care, including systemic corticosteroids and ruxolitinib. This was a first-of-its-kind study combining a GLP-2 analog with immunosuppressive therapy in patients with SR GI aGVHD. The safety and tolerability observed in this trial was consistent with the standard of care and known safety of GLP-2 analogs, as well as observed events in the GVHD population. The emerging safety profile of apraglutide in the SR GI aGVHD population was monitored by an independent safety review committee that endorsed the continuation of the study without modification. In addition to evaluating safety, secondary endpoints evaluated efficacy using lower GI and all-organ responses, indicative of organ-level improvement from baseline per the Mount Sinai Acute GVHD International Consortium grading system. The majority of patients responded to treatment by Day 28 and Day 56. All lower GI responders at Day 28 maintained their response through Days 56 and 91, considering available organ staging assessments. aGVHD is a rare, life-threatening condition that occurs when immune cells of the donor attack a recipient's healthy cells after an allogeneic hematopoietic stem cell transplant. The condition typically affects the skin, GI tract, and liver. GI aGVHD, is a leading cause of morbidity and mortality following HSCT with approximately 70% of aGVHD cases having GI involvement. While treatment options exist for aGVHD, a significant number of patients do not respond to 1st line therapy, such as corticosteroids. Despite receiving 2nd line therapy, many patients also do not maintain response over time, with significant non-relapse mortality after six months. Additional data from the STARGAZE trial are expected to be presented at an upcoming medical congress. The STARGAZE study will continue through its two-year endpoint, where apraglutide will be re-evaluated for safety and efficacy.
|
HBM | Hot Stocks07:36 EDT Hudbay Minerals provides annual reserve, resource update, outlook - Hudbay Minerals released its annual mineral reserve and resource update and issued new three-year production guidance. "Our updated mineral reserve estimates and three-year production outlook demonstrate Hudbay's high-quality operating platform with annual production of more than 150,000 tonnes of copper and 270,000 ounces of gold from three long-life mines located in tier-one mining friendly jurisdictions in the Americas," said Peter Kukielski, Hudbay's President and Chief Executive Officer. "We saw strong reserve conversion in Peru after successful geotechnical work confirmed the addition of another mining phase at Constancia, extending the mine life to 2041, and we continued to progress drill permitting activities for the high-potential exploration satellites in Peru. Manitoba exploration efforts are focused on advancing the largest geophysical and drilling program in our history in Snow Lake to test the newly acquired land claims for another anchor deposit and extend the mine life well beyond 2038. Our Copper Mountain mine has a robust copper production profile over its 21-year mine life as reflected in the recent technical report. We already have a resilient operating platform delivering stable copper production and complementary gold production, and we expect to continue to add to our robust production outlook by leveraging our proven track record of delivering value through exploration and development as we advance our quality pipeline of growth assets."
|
QIPT | Hot Stocks07:35 EDT Quipt Home Medical announces results from Annual General, Special Meeting - Quipt Home Medical announced the voting results from its annual general and special meeting of shareholders held on March 27, 2024 in Wilder, Kentucky. The total number of shares represented in person or by proxy at the Meeting was 25,432,699, representing 60.4% of the total issued and outstanding shares in the capital of the Company. The four candidates nominated for election to the Company's Board of Directors and listed in the Company's management information and proxy circular dated February 14, 2024, were elected by at least a majority of the shareholders present in person or represented by proxy at the Meeting. The Company's shareholders have approved the re-appointment of BDO USA, P.C. as the auditor of the Company for the fiscal year ended December 31, 2024 and authorized the Board to fix the auditor's remuneration. The Company's shareholders have approved the 2024 Equity Incentive Plan of the Company, pursuant to which the Company is able to issue share-based long-term incentives. All directors, officers, employees and service providers of the Company and/or its affiliates are eligible to receive awards under the Incentive Plan, subject to the terms of the Incentive Plan. Awards include common share purchase options, stock appreciation rights, restricted share awards, restricted share bonuses, restricted share units, performance shares, performance units, cash-based awards, and other share-based awards under the Incentive Plan. A copy of the Incentive Plan is attached as Schedule "A" to the Circular. As a result of the adoption of the Incentive Plan, no future awards or grants will be made under the Company's current equity incentive plan, which became effective on May 3, 2021.
|
CATX | Hot Stocks07:33 EDT Perspective Therapeutics sees cash runway into 2026 - Cash and cash equivalents as of December 31, 2023, was $9.2 million as compared to $21.0 million on December 31, 2022. During the first quarter of 2024, Perspective raised aggregate gross proceeds of $20.8 million in a January 2024 private placement, $69.0 million in a January 2024 public offering, and $87.4 million in a March 2024 private placement before deducting underwriting fees, placement agent fees, and other expenses. We believe that our cash and cash equivalents as of December 31, 2023 and the cash we raised through the January 2024 private placement and public offering and the March 2024 private placement will be sufficient to fund our operations and capital investments into 2026.
|
SN... | Hot Stocks07:29 EDT SharkNinja names Patraic Reagan Chief Financial Officer - SharkNinja (SN) announced that Patraic Reagan has been named Chief Financial Officer, effective April 22...Reagan will oversee SharkNinja's financial strategies and lead the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, internal audit, and investor relations. Larry Flynn, who served as Interim Chief Financial Officer since June 2023, will continue in his role as Chief Accounting Officer. Reagan joins SharkNinja with over two decades of relevant experience. Most recently, Mr. Reagan served as the Chief Financial Officer of Nike's (NKE) Asia, Pacific, and Latin America segment, where he helped drive consecutive years of strong revenue growth, and EBIT expansion that outpaced revenue while accelerating investment in key areas. Over his 13-year career with Nike, Mr. Reagan also served as the Global VP of Business Planning and was the CFO of Nike's Direct-to-Consumer business in EMEA. Prior to Nike, Mr. Reagan held financial positions of increasing responsibility at roles with with Coach (now Tapestry TPR), Polo Ralph Lauren Corporation, Kraft Foods and Chiquita Brands International. .
|
ADBRF | Hot Stocks07:26 EDT Aldebaran Resources reports results for drill holes at Altar Copper-Gold project - Aldebaran Resources reports results for five drill holes of the 2023/2024 field campaign at the Altar copper-gold project in San Juan, Argentina. The holes reported herein were all substantial step-outs to the north or south of known mineralization. The holes were designed to test the edges of known mineralization and expand the mineralized footprint within the large, conductive MT geophysical anomaly at the Altar project. All holes hit mineralization and successfully extended the mineralized footprint of the deposit. Highlights: ALD-24-235: 362.50 m of 0.34% CuEq from 3.90 m depth Including 78.00 m of 0.54% CuEq from 25.00 m depth; 357.80 m of 0.27% CuEq from 424.20 m depth including 110.00 m of 0.41% CuEq from 428.00 m depth; 410.50 m of 0.36% CuEq from 811.00 m depth Including 266.50 m of 0.45% CuEq from 955.00 m depth Including 182.50 m of 0.52% CuEq from 1,039.00 m depth; Hole ended in this mineralization. ALD-24-236: 1,133.70 m of 0.23% CuEq from 213.00 m depth. ALD-24-237: 129.50 of 0.20% CuEq from 95.50 m depth. ALD-24-238: 1,159.50 m of 0.24% CuEq from 42.00 m depth Including 53.85 m of 0.46% CuEq from 274.00 m depth, Including 91.50 m of 0.47% CuEq from 1,110.00 m depth. ALD-24-239: 77.10 m of 0.19% CuEq from 250.00 m depth; Adds mineralization to an area that was defined as waste in 2021 resource estimate; 353.00 m of 0.46% CuEq from 696.00 m depth Including 233.00 m of 0.59% CuEq from 816.00 m depth, Including 122.00 m of 0.65% CuEq from 927.00 m depth; Hole ended in mineralization. Mineralization hosted in rhyolite, which historically at Altar has been a poor host rock and only mineralized when it's close to a mineralized porphyry intrusion. John Black, Chief Executive Officer of Aldebaran, commented as follows: "Drilling at Altar continues to grow the mineralized footprint of the deposit. With the drill holes reported today, we've extended known mineralization substantially to the north and south. To date, most of the reported drilling results from the 2023/2024 campaign have been from holes on the edges of the deposit where there was little to no drilling completed historically. While these holes may not be the most exciting from a grade perspective, they provide valuable information and are necessary to complete a resource update later this year. Moving forward, most of the remaining holes will focus on the core of the deposit, with a particular focus on growing Altar United and Altar East."
|
MFGCF | Hot Stocks07:24 EDT Mayfair Gold commences 2024 environmental field program at Fenn-Gib - Mayfair Gold announced the start the 2024 environmental field program in support of a potential environmental assessment for the 100% controlled Fenn-Gib project in the Timmins region of Ontario. The program is being managed by a multi-disciplinary group led by Environmental Applications Group Inc. of Sudbury, Ontario. Mayfair's president and CEO, Patrick Evans, commented: "This represents the fourth annual environmental field program at Fenn-Gib since Mayfair acquired the project in 2021. Environmental programs to date have confirmed that there are no species at risk within the Fenn-Gib project area. The 2024 field program will provide additional data to support a potential environmental assessment and future permitting for the Fenn-Gib project." Major elements of the 2024 field program include: Groundwater hydrogeology studies, including the drilling of 12 monitoring wells, logging of overburden, hydraulic testing, and seasonal water quality sampling; Surface water sampling and hydrology monitoring; Wetland evaluation and mapping; Terrestrial and aquatic wildlife monitoring; Geochemical testing; and Archeological surveys. Reports on the results of the 2024 environmental field program are expected to be completed in Q1 2025 and will guide planning for the 2025 field program.
|
AYASF | Hot Stocks07:22 EDT Aya Gold & Silver sees 2024 production between 2.6M-3.2M silver oz. - 2024 guidance of between 2.6 and 3.2 million oz production at cash cost of between $13.00 and $14.50/oz. 2024 exploration budget of $36 million, prioritizing Boumadine, Zgounder, and Zgounder Regional.
|
EGLXF | Hot Stocks07:20 EDT Enthusiast Gaming enters multi-year partnership with Playwire - Enthusiast Gaming Holdings announced a multi-year partnership with leading advertising technology provider Playwire. Enthusiast Gaming will leverage RAMP, Playwire's complete Revenue Amplification Management Platform, to power Enthusiast Gaming's network of gaming websites, channels and apps. The partnership with Playwire is foundational to Enthusiast Gaming's previously announced streamlined strategy and cost reduction program, which focuses the Company's energy and resources on its core of highly engaged fan communities. "Forging this partnership with Playwire provides Enthusiast Gaming with a world class adtech platform so that we can focus on our core -- building communities, and creating and curating content and experiences that engage gamers and esports fans," said Board Chair and Interim CEO Adrian Montgomery. "The strategic initiative to outsource our adtech is a key element of our simplified and streamlined strategy. As a result of this partnership, along with other efficiency initiatives, we are well-positioned to deliver meaningful improvement in financial performance while continuing to serve our audience and brands."
|
PPBT | Hot Stocks07:19 EDT Purple Biotech to present data on NT219 at AACR 2024 - Purple Biotech announced it will present data for its oncology candidate NT219, a first-in-class small molecule, dual-inhibitor of IRS 1/2 and STAT3, in two poster presentations at the American Association for Cancer Research, AACR, annual meeting which takes place April 5-11, 2024, in San Diego, California. "The growing body of clinical, biomarker, and preclinical data for NT219 demonstrate its potential not only in the lead indication of recurrent/metastatic squamous cell carcinoma of the head and neck, but also in other solid-tumor cancers. These publications at AACR 2024 are a result of the progress made last year both in clinical and preclinical work bringing out NT219's attributes," stated Gil Efron, Chief Executive Officer of Purple Biotech. "We look forward to leveraging these data as we move forward with the clinical evaluation of NT219."
|
PLUR | Hot Stocks07:18 EDT Pluri announces leadership from business verticals to attend conferences - Pluri announced leadership from its business verticals will be presenting at, and participating in, the following conferences: Conference: MIW, Germany-Israel Technology. Michal Ogolnik, leader of Pluri's cell-based coffee business, will be presenting at MIW. Pluri's cell-based coffee business is part of its PluriAgtech business vertical, which deploys its world-leading 3D cell expansion technology platform to reshape the agricultural landscape and redefine the possibilities of sustainable crop production. Conference: ATiO Conference 2024. Pluri's cell therapy product, PLX-PAD, will be evaluated as potential treatment for knee osteoarthritis as a part of the PROTO collaboration led by Charite Berlin and supported by the EU Horizon Europe program. Conference: Biomed Israel. Pluri's leadership will attend the event. Conference: Bio International Convention. Recently launched in January of 2024, PluriCDMO helps innovative companies develop and manufacture life-changing therapies within the rapidly growing $5.2 billion cell and gene therapy sector by offering manufacturing support from the preclinical and development stages to late stage clinical and commercial production, including fill and finish and logistics.
|
FINW | Hot Stocks07:16 EDT FinWise Bancorp appoints Noone as President, Wahlman as CFO - FinWise Bancorp announced the appointment of Jim Noone to President along with the hiring and appointment of Robert Wahlman as Chief Financial Officer, CFO, effective immediately. Wahlman will succeed Javvis Jacobson, who will remain with the Bank as Treasurer. Noone, currently President of FinWise Bank, has been appointed by the Board of Directors to the position of President of FinWise Bancorp.Wahlman joins FinWise with over 35 years of total experience in the banking industry, including nearly 20 years as Chief Financial Officer of both private and publicly listed bank holding companies. Most recently, Wahlman served as the Chief Financial Officer of Axiom Bank and Axiom Bancshares.
|
ALDX | Hot Stocks07:15 EDT Aldeyra in FDA clinical plan for NDA resubmission of reproxalap for DED - Aldeyra Therapeutics announced the clinical development plan intended to enable resubmission of a New Drug Application NDA of topical ocular 0.25% reproxalap, an investigational RASP modulator, for the treatment of dry eye disease to the U.S. Food and Drug Administration FDA . Following discussions with the FDA, Aldeyra intends to initiate a dry eye chamber clinical trial in the first half of 2024. Contingent on positive results from the planned clinical trial, NDA resubmission is expected in the second half of 2024. Based on FDA guidance, the planned review period for the potential NDA resubmission is expected to be six months. "The planned dry eye chamber clinical trial, if successful, could represent the first pivotal demonstration of rapid improvement in the symptoms of dry eye disease, a potentially debilitating and increasingly pervasive condition that affects millions of patients worldwide," stated Todd C. Brady, M.D., Ph.D., President and Chief Executive Officer of Aldeyra.
|
GILT | Hot Stocks07:15 EDT Gilat Satellite awarded $5M order from U.S. Department of Defense - Gilat Satellite Networks announced that the US Department of Defense awarded another $5 million order to one of the company's US-based subsidiaries, DataPath. This additional order is for DKET 3421 terminals, transportable satcom hubs that deliver the operational flexibility, capacity, connectivity, and control required to ensure success anywhere in the world. "We are pleased to receive yet another order for our revolutionary DKET 3421 from our valued military/government customer. This new order underscores the trust and confidence placed in the company and our capability to deliver mission-critical solutions that meet our customer's stringent requirements," said Barry W. Botts, Vice President, Sales and Business Development for DataPath. "This order further demonstrates our ability to provide reliable, easily transportable, and high-performance network hubs to meet the growing needs of our customers."
|
OFSTF | Hot Stocks07:15 EDT Carbon Streaming to continue to look for cash flow optimization opportunities - The company said, "In 2023, Carbon Streaming began repositioning itself for long-term success and sustainable shareholder value creation as the voluntary carbon market faced headwinds. In response, the Company initiated a corporate restructuring in 2023. The focus of the restructuring has been, and will continue to be, on cash flow optimization through the reduction of operating expenses and a reassessment of our existing streams and royalties in light of the evolving voluntary carbon market. To date, the steps taken by the Company have resulted in significant reductions to ongoing operating expenses and amendments to stream agreements. For example, the Company's other operating expenses have decreased by $7.5 million for the fiscal year ended December 31, 2023 when compared to the previous twelve-month period. Additionally, in 2023, the Company amended the terms of the Nalgonda Rice Farming Stream, Waverly Biochar Stream and Magdalena Bay Blue Carbon Stream, and amended the terms of the Sheep Creek Reforestation Stream in early 2024. The Company will continue to look for opportunities for cash flow optimization and will provide additional details as more initiatives are put in place. Carbon Streaming also aims to continue growing and diversifying its portfolio with leading project developers and to be a partner of choice for buyers seeking to support high-integrity carbon projects. Voluntary carbon markets have the potential to mobilize finance to address the gaps in funding for climate projects and act as a complementary tool to other climate action activities. Carbon Streaming believes that its strategy will position the Company as an industry leader who will be a go-to source of carbon credits in the voluntary market.
|
MIST | Hot Stocks07:14 EDT Milestone Pharmaceuticals announces resubmission of NDA for etripamil - Milestone Pharmaceuticals announced the resubmission of its New Drug Application, NDA, to the U.S. Food and Drug Administration, FDA, for etripamil, the Company's lead investigational product for the management of paroxysmal supraventricular tachycardia, PSVT. "We appreciate FDA's guidance through the resubmission process. We believe we have addressed all the issues raised in the Refusal to File letter and look forward to working with the Agency as it reviews our application," said Joseph Oliveto, President, and Chief Executive Officer of Milestone Pharmaceuticals. "If approved, we believe that etripamil nasal spray will be a valuable treatment option for patients suffering from PSVT."
|
XLO GILD | Hot Stocks07:13 EDT Xilio Therapeutics, Gilead announce exclusive license agreement for XTX301 - Gilead Sciences (GILD) and Xilio Therapeutics (XLO) announced an exclusive license agreement to develop and commercialize Xilio's Phase 1 tumor-activated IL-12 program, XTX301. Xilio Therapeutics is a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies. Under the terms of the agreement, Xilio granted Gilead an exclusive global license to develop and commercialize XTX301, Xilio's tumor-activated IL-12. Xilio will receive $43.5 million in upfront payments, including a cash payment of $30.0 million and an initial equity investment by Gilead of $13.5 million in Xilio common stock at a premium. Xilio will be eligible to receive up to $604.0 million in additional contingent payments, including additional equity investments by Gilead, a transition fee and specified development, regulatory and sales-based milestones. Xilio will also be eligible to receive tiered royalties ranging from high single digits to mid-teens on annual global net product sales. Xilio will be responsible for conducting clinical development of XTX301 in the ongoing Phase 1 clinical trial through dose expansion. Following the delivery by Xilio of a specified clinical data package for XTX301, Gilead can elect to transition responsibilities for the development and commercialization of XTX301 to Gilead, subject to the terms of the agreement and payment by Gilead of a $75 million transition fee. Prior to the potential transition fee, Xilio is eligible to receive up to a total of $29.0 million in additional equity investments and a development milestone payment.
|
ARKO | Hot Stocks07:11 EDT Arko Corp. negotiates improved payment terms, value for assets of TEG - ARKO announced that it has negotiated improved deferred payment terms and value related to the Company's previously reported acquisition of the assets of Transit Energy Group and its affiliates, TEG. As previously disclosed, on March 1, 2023, the Company closed on the acquisition from TEG of 135 convenience stores and gas stations, contracts to supply fuel to 181 dealer locations, and certain other assets. The purchase agreement originally provided for a total purchase price of approximately $370 million plus the value of inventory, of which $50 million was deferred and payable in two annual payments of $25 million on the first and second anniversaries of the closing, which ARKO could elect to pay in either cash or, subject to certain conditions, shares of ARKO's common stock. Pursuant to the original asset purchase agreement, on March 1, 2024, ARKO issued 3,417,915 shares of ARKO common stock to TEG at a price per share of $7.31 which was based on a 10-day volume weighted average price calculation outlined in the purchase agreement. The closing price of ARKO's common stock on the date ARKO notified TEG of its election to pay the first $25.0 million installment in shares was $8.36 per share, and the closing price on the date prior to the date of issuance was $6.53 per share. Subsequently, on March 26, 2024, ARKO entered into an amendment to the original purchase agreement with TEG, providing for ARKO's repurchase of the First Installment Shares at $5.66 per share, a 22.6% discount to the price at which the shares were issued, for a payment of approximately $19.3 million. ARKO and TEG also agreed to settle the second $25 million installment payment (which would have been due on March 1, 2025) for approximately $17.2 million in cash.
|
ATAI | Hot Stocks07:11 EDT Atai Life Sciences sees cash runway into 2026 - Cash and cash equivalents and short-term investments were $154.2 million as of December 31, 2023, as compared to $273.1 million as of December 31, 2022. The decrease of $118.9 million was primarily driven by $84.1 million net cash used in operating activities, $25.0 million designated for the Beckley Psytech investment and $15.0 million of additional investments to advance our programs. The Company expects its cash, marketable securities and committed term loan facility with Hercules Capital, Inc. will be sufficient to fund operations into 2026.
|
GILD XLO | Hot Stocks07:10 EDT Xilio to get $43.5M upfront in pact with Gilead to develop/commercialize XTX301 - Gilead Sciences (GILD) and Xilio Therapeutics(XLO) announced an exclusive license agreement to develop and commercialize Xilio's Phase 1 tumor-activated IL-12 program, XTX301. Xilio Therapeutics is a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology therapies. The company is using its proprietary tumor-activation platform to build a pipeline of novel, tumor-activated molecules, including antibodies, cytokines, bispecifics, and cell engagers, which are designed to optimize the therapeutic index and localize anti-tumor activity within the tumor microenvironment. XTX301 is currently being evaluated in a Phase 1 dose escalation trial in patients with advanced solid tumors. Under the terms of the agreement, Xilio granted Gilead an exclusive global license to develop and commercialize XTX301, Xilio's tumor-activated IL-12. Xilio will receive $43.5M in upfront payments, including a cash payment of $30M and an initial equity investment by Gilead of $13.5M in Xilio common stock at a premium. Xilio will be eligible to receive up to $604 M in additional contingent payments, including additional equity investments by Gilead, a transition fee and specified development, regulatory and sales-based milestones. Xilio will also be eligible to receive tiered royalties ranging from high single digits to mid-teens on annual global net product sales. Xilio will be responsible for conducting clinical development of XTX301 in the ongoing Phase 1 clinical trial through dose expansion. Following the delivery by Xilio of a specified clinical data package for XTX301, Gilead can elect to transition responsibilities for the development and commercialization of XTX301 to Gilead, subject to the terms of the agreement and payment by Gilead of a $75M transition fee. Prior to the potential transition fee, Xilio is eligible to receive up to a total of $29M in additional equity investments and a development milestone payment. Gilead does not exclude acquired IPR&D expenses from its non-GAAP financial measures. This transaction is expected to reduce Gilead's GAAP and non-GAAP 2024 EPS by approximately 3c - 4c.
|
ECX | Hot Stocks07:09 EDT Ecarx partners with Lianyou Zhilian to develop intelligent vehicle solutions - ECARX Holdings announced a strategic partnership with Lianyou Zhilian Technology. The strategic partnership will seamlessly integrate the companies' respective technological strengths, supply chain ecosystems, and research and development capabilities to jointly develop innovative intelligent cockpits and intelligent driving solutions for a broader range of automakers and brands. Ziyu Shen, Co-founder, Chairman, and CEO of ECARX, said, "This strategic partnership marks the next step in ECARX's strategy to reshape the global automotive technology value chain. Our partnership with Lianyou Zhilian is a testament to our shared vision for the future of mobility. By combining Lianyou Zhilian's extensive customer base and proven mass-production capabilities with our global reach and technical capabilities, this partnership will enable us to support a broader range of automotive OEMs and brands in delivering unique vehicle experiences, while driving the development of the global automotive industry."
|
RGNX | Hot Stocks07:09 EDT Regenxbio's ABBV-RGX-314 featured in published study for wet AMD - Regenxbio announced the publication of results from the Phase I/IIa trial evaluating the safety and tolerability of a single dose of subretinal ABBV-RGX-314 for the treatment of wet age-related macular degeneration - wet AMD -. These positive study results informed the ongoing pivotal trials of ABBV-RGX-314, a potential one-time gene therapy, for the treatment of wet AMD. The findings in The Lancet demonstrated that a single administration of ABBV-RGX-314 was generally well tolerated. Stable or improved visual acuity and retinal thickness was observed with few or no supplemental anti-VEGF injections in most patients at two years. Patients who received therapeutic doses demonstrated sustained levels of ABBV-RGX-314 protein and stable or improved vision and retinal anatomy with few, to no, supplemental anti-VEGF injections in most participants up to two years. ABBV-RGX-314 is currently being evaluated in patients with wet AMD in two pivotal trials. Enrollment is on track and these trials are expected to support global regulatory submissions with the FDA and the EMA in late 2025 through the first half of 2026.
|
SNDX | Hot Stocks07:07 EDT Syndax completes enrollment in AUGMENT-101 trial - Syndax Pharmaceuticals announced completion of enrollment in the AUGMENT-101 pivotal trial cohort of patients with relapsed/refractory mutant nucleophosmin acute myeloid leukemia. Topline data is expected in the fourth quarter of 2024 and could support a supplemental New Drug Application filing for revumenib in R/R mNPM1 AML in the first half of 2025. "We are thrilled to announce that we are one step closer to potentially expanding the therapeutic reach of revumenib in genetically defined acute leukemias," said Neil Gallagher, M.D., Ph.D., President, Head of Research and Development at Syndax. "We look forward to reporting topline data for this pivotal cohort in the fourth quarter of this year, which will follow closely behind a potential first approval of KMT2A acute leukemia in the third quarter."
|
SLS | Hot Stocks07:06 EDT Sellas Life Sciences-licensed GFH009 included in trial combination for lymphoma - Sellas Life Sciences license partner GenFleet Therapeutics, a clinical-stage biotechnology company focusing on cutting-edge therapies in oncology and immunology, has entered into a clinical trial collaboration and supply agreement with BeiGene Switzerland to start a combination study of GFH009 and Brukinsa in a multicenter phase Ib/II trial treating diffuse large B cell lymphoma. In 2022, GenFleet and Sellas Life Sciences entered into an exclusive license agreement across all therapeutic and diagnostic uses worldwide outside of Greater China. The first patient was dosed in the trial. GenFleet will conduct an open-label, single-arm and multi-center study in China of the combination therapy to evaluate the safety and efficacy among relapsed/refractory DLBCL patients. Around 100,000 patients are newly diagnosed non-Hodgkin's lymphoma per year in China, with DLBCL patients accounting for 40-50% of new cases. The trials of GFH009 treating peripheral T-cell lymphoma and acute myeloid leukemia have entered into phase II stage in China and the U.S. respectively. Numerous patients achieved complete or partial response. Preclinical research demonstrated GFH009's anti-proliferation effects on various tumor cell lines. GFH009 has been granted with both fast track and orphan drug designation from the FDA for the treatment of adult patients with relapsed/refractory peripheral T-cell lymphomas and r/r AML.
|
DNA | Hot Stocks07:05 EDT Ginkgo Bioworks awarded $6M contract from DARPA - Ginkgo Bioworks announced that it has been awarded a contract for up to $6M from the Defense Advanced Research Projects Agency to achieve DARPA's objectives under its new Ice Control for cold Environments program. DARPA's ICE program aims to develop new materials that control the physical properties of ice crystals to facilitate operations in extreme cold weather environments, which can pose a variety of risks to both personnel health and critical equipment. To meet this goal, Ginkgo, in collaboration with Netrias, Cambium, and consultant Dr. Ran Drori, aims to develop novel biologically-sourced and inspired materials that leverage biological adaptations to cold environments.
|
IVVD | Hot Stocks07:05 EDT Invivyd sees cash runway into 4Q24 - Cash and cash equivalents were $200.6 million as of December 31, 2023. Based on current operating plans and excluding anticipated cash collections from PEMGARDA sales, Invivyd expects its existing total cash and cash equivalents will enable the company to fund its operating expenses and capital expenditure requirements into the fourth quarter of 2024.
|
CSIQ MAXN | Hot Stocks07:03 EDT Canadian Solar says Maxeon Solar patent infringement claims 'without merit' - Canadian Solar (CSIQ) issued the following comment: "Canadian Solar recently became aware that Maxeon Solar (MAXN) has filed a patent infringement lawsuit against Canadian Solar in the U.S. District Court in the Eastern District of Texas, entitled Maxeon Solar Pte. Ltd. v. Canadian Solar, Inc., Civil Action No. 2:24-cv-210. The suit alleges that Canadian Solar, Inc., via its affiliates, is directly or indirectly infringing on three patents now held by Maxeon relating to tunnel oxide passivated contact solar photovoltaic module technology. As one of the largest solar product manufacturers in the world, Canadian Solar manufactures and sells many different types of solar products, both in the United States and elsewhere in the world, including TOPCon solar modules. As a technology company, Canadian Solar respects and takes very seriously its own intellectual property rights and those of third parties. Canadian Solar has itself filed and received thousands of patents in various jurisdictions for solar cells and related technology. Although Canadian Solar is continuing to consult its lawyers and study Maxeon's complaint, the company's preliminary assessment is that the claims in the complaint are entirely without merit. Canadian Solar denies that its TOPCon technology infringes on Maxeon's patents and intends to vigorously defend itself against Maxeon's claims. Canadian Solar is confident that its TOPCon technology and processes will be vindicated in court at the appropriate time. Meanwhile, Canadian Solar will continue to sell high quality solar products in the United States and elsewhere, as it has done since its founding in Canada more than 20 years ago."
|
ITRM | Hot Stocks07:02 EDT Iterum Therapeutics sees cash runway into 2025 - Subsequent to December 31, 2023, through February 29, 2024, Iterum sold 2.9 million ordinary shares under an at-the-market offering agreement, at an average price of $2.52 per share for net proceeds of $7.1 million, which has extended cash runway into 2025 based on its current operating plan. As of February 29, 2024, Iterum had approximately 16.4 million ordinary shares outstanding.
|
CBNK | Hot Stocks06:50 EDT Capital Bancorp to acquire Integrated Financial Holdings for $66M - Capital Bancorp and Integrated Financial Holdings announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66M, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing. Under the terms of the merger agreement, IFH shareholders will, subject to certain adjustments, receive $5.36 in cash and 1.115 shares of CBNK common stock for each share of IFH common stock. Based on the closing price of Capital common stock of $20.00 on March 26, 2024, the implied per share purchase price, inclusive of the cash consideration, is $27.66. At or immediately prior to the closing, IFH is expected to distribute its minority equity interest in Dogwood State Bank to IFH shareholders in the form of a dividend equal to approximately 0.469 shares of Dogwood State Bank for each share of IFH common stock, a value of $7.69/share or approximately $18M based on the closing price of Dogwood State Bank on March 26, 2024. At closing, Capital shareholders will own approximately 84% and IFH shareholders will own approximately 16% of the combined company. The transaction with IFH has been unanimously approved by both IFH's and CBNK's boards of directors and is expected to be completed in the second half of 2024, subject to approval of Capital's and IFH's shareholders, regulatory approvals and the satisfaction of other customary closing conditions.
|
ICLK | Hot Stocks06:48 EDT iClick Interactive CFO David Zhang steps down, Josephine Ngai Yuk Chun succeeds - iClick Interactive Asia announced the appointment of Josephine Ngai Yuk Chun as CFO of the company, effective March 31. Ngai is currently a VP, finance and group financial controller of the company, and has been with iClick since 2019. She brings over 20 years of experience in financial accounting, financial management, and business operations to her new position. Ngai succeeds David Zhang who will step down from his roles as CFO and director of the company both effective March 31. Zhang will continue to work closely with iClick as a senior advisor.
|
MRK | Hot Stocks06:48 EDT Merck: EC approves Keytruda plus chemotherapy to treat NSCLC - Merck announced that the European Commission has approved Keytruda, Merck's anti-PD-1 therapy, in combination with platinum-containing chemotherapy as neoadjuvant treatment, then continued as monotherapy as adjuvant treatment, for resectable non-small cell lung cancer at high risk of recurrence in adults.
|
DCFC | Hot Stocks06:32 EDT Tritium confirms effective date of reverse stock split - Tritium confirmed the effective date of its reverse stock split to consolidate company ordinary shares on the basis that every 200 shares be consolidated into one share. The effective date of the consolidation will be April 2.
|
KBR | Hot Stocks06:18 EDT KBR secures five year contract from Rabigh Refining & Petrochemical Company - KBR announced it has secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia. The program will optimize asset lifecycle, enhance machinery performance and improve overall reliability. This collaboration aims to boost energy and equipment efficiency while mitigating operational risks, aligning with Petro Rabigh's commitment to safety and sustainability.
|
ALV | Hot Stocks06:17 EDT Autoliv retires 1.37M shares of repurchased stock - Autoliv announced that as of March 28, 2024, the total number of issued shares of common stock is 86,126,221 of which 81,373,679 shares are outstanding. Autoliv retired 1,370,057 shares of common stock that had been repurchased during the quarter which resulted in a decrease in the issued shares. The Company now has a total of 86,126,221 issued shares of common stock of which 81,373,679 shares are outstanding. Each share of outstanding common stock is entitled to one vote. After the retirement of the repurchased shares, Autoliv holds 4,752,542 shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.
|
UBS... | Hot Stocks06:13 EDT UBS, Apollo enter into agreement to complete carveout of ATLAS SP - UBS (UBS) and Apollo (APO) announced they have entered into an agreement pursuant to which ATLAS SP, former Credit Suisse (CS) Securitized Products business, has concluded its Transition Services Agreement with UBS and UBS will close out its Investment Management Agreement with Atlas. As part of this agreement, Apollo will purchase USD 8B of senior secured financing facilities from UBS. For UBS, these actions will allow the bank to further accelerate its plans to unwind and more efficiently simplify its NCL portfolio, while minimizing any disruption to clients, and reduce risk-weighted assets and leverage ratio denominator in NCL. UBS Group expects to recognize a net gain in the first quarter of 2024 of around USD 0.3 billion from the conclusion of these agreements and the assignment of the senior secured financing facilities while Credit Suisse AG is expected to recognize a net loss of around USD 0.9 billion. For Atlas and Apollo, the agreement marks Atlas' evolution into a fully independent platform focused on investment grade asset-backed origination.
|
DFS... | Hot Stocks06:11 EDT Discover announces resignation of Michael Rhodes as CEO and president - In a regulatory filing on Wednesday, Discover (DFS) announced that its board accepted the resignation of Michael G. Rhodes from his positions as CEO and President of the company, a member of the board and a director and officer of Discover Bank, each effective April 1. Rhodes, who was not expected to have a long-term role at the combined company after completion of the company's merger with Capital One (COF), informed the board that he has accepted a job offer at another financial institution. Also on Wednesday, Ally Financial (ALLY) announced that Rhodes will be its new CEO, starting at the company on April 29.
|
EXAS | Hot Stocks06:09 EDT Exact Sciences' Oncoguard Esophagus test shows efficacy in published study - Exact Sciences reported on data showing high sensitivity and specificity for the non-endoscopic Oncoguard Esophagus test that is currently in development for the detection of esophageal adenocarcinoma - EAC - and its precursors, including Barrett's esophagus - BE -. Findings from the test's algorithm training and testing were recently published in the Clinical Gastroenterology and Hepatology journal. EAC is the most common form of esophageal cancer in the U.S. The majority of EAC cases are diagnosed in advanced stages. Cross-validation of the three methylated DNA markers panel demonstrated an overall sensitivity of 82% for BE detection at 90% specificity in the training set and 88% sensitivity at 84% specificity in the test set. In both training and test sets, sensitivity was 100% for EAC and BE with high grade dysplasia. The collection method was generally well tolerated by study participants and was conducive to office-based implementation. This test has not been cleared or approved by the FDA or any other national regulatory authority.
|
AMZN | Hot Stocks06:06 EDT Twitch's top streamer, Ninja, reveals skin cancer diagnosis - Ninja, who has over 18.8 million followers on Twitch, said via X this week: "Alright I'm still in a bit of shock but want to keep you all updated. A few weeks ago I went in to a dermatologist for an annual skin/mole check that Jess proactively scheduled for me. There was a mole on the bottom of my foot that they wanted to remove just to be careful. It came back as melanoma, but they are optimistic that we caught it in the early stages. I had another dark spot appear near it, so today they biopsied that and removed a larger area around the melanoma with the hopes that under the microscope they will see clear non-melanoma edges and we will know we got it. I'm grateful to have hope in finding this early, but please take this as a PSA to get skin checkups." Reference Link
|
ZURA | Hot Stocks06:04 EDT Zura Bio names Robert Lisicki as CEO, succeeding Someit Sidhu, M.D. - The company has announced the appointment of Robert Lisicki as CEO, effective April 8, succeeding its Founding CEO, Someit Sidhu, M.D. Dr. Sidhu will continue to serve Zura Bio as a non-independent Board Director. The company will expand its Board membership to ten, which includes Lisicki's role as a Director of the Board. Lisicki joined Zura Bio in January 2024 as President and COO.
|
HD | Hot Stocks06:04 EDT Home Depot to acquire SRS Distribution for $18.25B, sees accretion - Home Depot has entered into a definitive agreement to acquire SRS Distribution, a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. SRS's 2,500-plus professional sales force and 760-plus branch network across 47 states, together with its 4,000-plus truck fleet and jobsite delivery capabilities, will enable The Home Depot to extend its offering to residential specialty trade pros while better serving renovator/remodelers. Tinker, as well as his senior leadership team, will continue to lead SRS. Tinker and team will work closely with Home Depot. Under the terms of the merger agreement, a subsidiary of The Home Depot will acquire SRS for a total enterprise value of approximately $18.25B. The closing of the acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be completed by the end of fiscal 2024. The transaction is expected to be funded through cash on hand and debt. This transaction is expected to be dilutive to earnings-per-share from a GAAP perspective due to amortization expense, but accretive from a cash EPS perspective in the first year, post-closing, excluding synergies. The company intends to maintain its current credit ratings.
|
DOLE | Hot Stocks06:03 EDT Dole terminates agreement with Fresh Express for sale of vegetables division - Dole has agreed with Fresh Express to terminate the agreement under which Fresh Express would have acquired Dole's Fresh Vegetables Division. This termination is the result of the U.S. Department of Justice's decision that it will pursue litigation to prevent the transaction. Dole disagrees with the Department of Justice's and remains confident that it will have an alternative path forward in the near term.
|
TTWO | Hot Stocks05:26 EDT Take-Two to acquire Gearbox Entertainment for $460M - Take-Two announced that it has entered into a definitive agreement with Embracer Group to acquire The Gearbox Entertainment Company, a creator of entertainment experiences, for $460M. The consideration consists entirely of newly issued shares of Take-Two common stock. The number of Take-Two shares will be calculated by dividing the purchase price by the average closing price per share on Nasdaq during the five trading day period ending on the trading day immediately prior to the closing date. The purchase price assumes a debt-free, cash-free company with a normalized level of net working capital at the time of the closing of the acquisition. The acquisition is anticipated to be completed during the first quarter of Take-Two's FY25, and is subject to the satisfaction of customary closing conditions, including applicable regulatory approvals. The transaction excludes certain third-party publishing and other assets that Take-Two deemed non-core to its business. Take-Two will acquire Gearbox's portfolio of intellectual property, including full ownership of "Borderlands" and "Tiny Tina's Wonderlands" franchises, as well as "Homeworld", "Risk of Rain", "Brothers in Arms", "Duke Nukem", and Gearbox's future pipeline. Gearbox currently has six interactive entertainment projects in various stages of development, including five sequels, two of which are from the Borderlands and Homeworld franchises, and at least one new intellectual property. Beyond these plans, Take-Two believes that there are incremental opportunities to invest in new projects and to expand Gearbox's proven franchises. Gearbox will operate as a studio within 2K and will be led by Founder and CEO, Randy Pitchford, and his management team. The acquisition adds a robust and proven development team to 2K's incredibly talented developer community, including personnel that have worked together on multiple critically and commercially successful games. Gearbox operates studios in Frisco, Texas; Montreal, Canada; and Quebec City, Canada.
|
RSI | Hot Stocks05:19 EDT Evolution partners with Rush Street Interactive to enter Delaware market - Evolution announced a new partnership with Rush Street Interactive to enter the Delaware market in partnership with the Delaware Lottery and its three online casinos - Delaware Park Casino & Raceway, Bally's Dover Casino Resort and Harrington Raceway & Casino. The Delaware Park Casino & Raceway and Harrington Raceway & Casino sites are accessible through the BetRivers multi-state app while Bally's Dover Casino Resort offers its own standalone app. Under the terms of the agreement, BetRivers players now have access to an extensive line-up of online slots from Evolution Group's NetEnt, Red Tiger, and Big Time Gaming brands, accessible through the BetRivers platform. Delaware marks Evolution's sixth market in the US, further cementing its ability to meet the demands of the rapidly expanding US market.
|
SRAD | Hot Stocks05:14 EDT Sportradar, Oddin.gg enter multi-year strategic partnership - Sportradar and Oddin.gg announced they have entered into a multi-year strategic partnership to offer audiovisual streaming of Oddin's exclusive Esports content to Sportradar's betting operator clients around the world. The deal will support Oddin.gg's growth ambitions in the expanding global Esports market, whose betting turnover was estimated to be EUR 83B in 2023. It will extend the reach of Oddin.gg's official competition content by leveraging Sportradar's market leading position as an AV betting provider. Sportradar's global network of 900+ betting operator clients will benefit from the opportunity to offer greater volume and a wider variety of live streamed Esports events to their customers, increasing opportunities for engagement with existing and new betting markets. The partnership also paves the way for future collaboration in other areas. Oddin.gg holds the official rights to high-profile competitions including the newly released Counter Strike 2 which Sportradar will distribute to sportsbooks through the company's integrated streaming product, providing access to prominent competitions globally and enabling operators to offer exciting new content to their customers.
|
PLTR | Hot Stocks05:06 EDT Palantir, Ministry of Education and Science of Ukraine partner on online school - New technology built by Palantir will support a drive by the Ministry of Education and Science of Ukraine to give 300,000 more pupils safe access to a school. The Ministry of Education and Science, along with Palantir, have signed an agreement. The main goal is to facilitate qualitative transformations in the field of education and ensure the maximum number of children have access to safe in-person learning. The agreement, initially for 12 months, will support the Government's official School Offline initiative which aims to provide 300,000 more Ukrainian pupils with safe access to a school. New software tooling will enable: Funding allocated for school bomb shelters to be targeted where it will deliver the greatest benefit for children and young people of a school age. The 100 percent off-line initiative is a response to the sharp increase in the number of children and young people in Ukraine who are being educated online since Russia's illegal full-scale invasion. Research estimates that more than 40% of children in Ukraine are relying on online or hybrid learning due to the war. It has caused educational losses, thus according to the PISA-2022 international education quality survey, Ukrainian students lag behind the required level by 1.5 to 2.5 years of study.
|