Stockwinners Market Radar for April 08, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TKO EDR | Hot Stocks20:51 EDT McMahon sells TKO shares to Endeavor, TKO for $89.01 per share - TKO Group (TKO) disclosed that on April 4, Endeavor (EDR) entered into a stock purchase agreement with Vincent McMahon, pursuant to which Endeavor agreed to purchase 1,642,970 shares of class A common stock of TKO, held by McMahon, at a per share price of $89.01 for an aggregate amount of $146.2M. On April 7, TKO entered into a stock purchase agreement with the McMahon, pursuant to which TKO agreed to purchase 1,853,724 shares of common stock of TKO held by McMahon at a per share price of $89.01 for an aggregate amount of $165M. TKO intends to fund the share repurchase with approximately $150M of borrowings under its revolving credit facility.
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RKLB | Hot Stocks20:50 EDT Cathie Wood's ARK Investment bought 126.3K shares of Rocket Lab today
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TDOC | Hot Stocks20:49 EDT Cathie Wood's ARK Investment bought 97K shares of Teladoc today
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RBLX | Hot Stocks20:48 EDT Cathie Wood's ARK Investment bought 119.5K shares of Roblox today
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ALLR | Hot Stocks19:50 EDT Allarity Therapeutics Inc trading halted, news pending
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SMCI | Hot Stocks19:25 EDT Supermicro announces new generation of IoT and embedded systems - Supermicro "announces a new generation of IoT and embedded systems designed to enhance performance and increase power-efficiency for intelligent applications at the remote edge. With the addition of these new models, including support for the new Intel(R) Atom(R) x7000RE processor, Supermicro further enhances its diverse infrastructure solutions to deliver computing and AI performance to the intelligent edge. Supermicro's new systems include the SYS-E100, the SYS-E102, the SYS-E111AD, and an updated SYS-E403. Designed specifically for edge applications, these servers deliver increased performance using the latest Intel Atom and Intel Core CPUs and are available in very small and compact form factors. Supermicro's new SYS-E100-14AM and SYS-E102-14AM are both equipped with the Intel Atom x7000RE processors containing up to 8 cores, double that of its predecessor. The SYS-E100 and the SYS-E102 servers are ultra-compact form factors designed to amplify the Intel Atom processor's low-power strength (less than 12W) and high-efficiency compute performance. While the SYS-E102 comes in a form factor of only 190x44x120 mm, these box-size systems offer up to 16GB of DDR5-SODIMM, dual 2.5 GbE LAN ports, two independent HDMI ports, 3 USB 3.2 ports, and a M.2 B/E/M-key with a NANO SIM card slot."
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RKLB | Hot Stocks18:51 EDT Rocket Lab awarded $14.49M task order by the U.S. Space Force - Rocket Lab announced it has been awarded a $14.49M task order by the U.S. Space Force to launch an Electron mission from Launch Complex 2. The mission, called Space Test Program-30 falls under the Space Systems Command Assured Access to Space organization and is part of Orbital Services Program-4.
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HOOD | Hot Stocks18:42 EDT Robinhood CEO Tenev sells 250,000 class A shares - In a regulatory filing, Robinhood CEO Vladimir Tenev disclosed the sale of 250,000 class A common shares of thte company on April 4 at a price of $18.6747 per share.
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CVKD | Hot Stocks18:14 EDT Cadrenal Therapeutics' tecarfarin receives FDA orphan designation - According to a post on the FDA's website, Cadrenal Therapeutics' tecarfarin received orphan designation. Reference Link
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SNGX | Hot Stocks18:12 EDT Soligenix prophylaxis against Sudan Ebola Virus gets FDA orphan designation - According to a post on the FDA's website, Soligenix's post-exposure prophylaxis against Sudan Ebola Virus received orphan designation. Reference Link
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SNGX | Hot Stocks18:08 EDT Soligenix prevention against Marburg marburgvirus gets FDA orphan designation - According to a post on the FDA's wesbite, Soligenix's prevention against Marburg marburgvirus infection received orphan designation. Reference Link
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APP | Hot Stocks18:05 EDT AppLovin exec sells $3.75M in common stock - In a regulatory filing, AppLovin disclosed that its Corporate Secretary Victoria Valenzuela sold 50K shares of common stock on April 4th in a total transaction size of $3.75M.
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CADL | Hot Stocks18:04 EDT Candel Therapeutics' treatment of pancreatic cancer receives orphan designation - According to a post on the FDA's website, Candel Therapeutics' treatment of pancreatic cancer received orphan designation. Reference Link
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BPTS | Hot Stocks17:32 EDT Biophytis launches OBA phase 2 clinical study in obesity with BIO101 - Biophytis SA announced that it is launching a new clinical development program named OBA, with BIO101 as a potential treatment for obesity in combination with GLP-1 receptor agonists. Obesity treatment can lead to loss of muscle mass and function, notably as a consequence of dieting when combined with the recently introduced GLP-1 receptor agonists. Glucagon-like peptide-1 receptor agonist drugs are very effective drugs that lead to significant weight loss. Up to 40% of the total weight loss comes from muscle, which is a problem as muscle tissue's role is central in controlling metabolism, on top of its motor function. More than 15 million adults in the US will be treated with an anti-obesity medication by 2030, representing 13% penetration into the US adult population. With an estimated market size of $6 billion in 2023 and an estimated average annual growth rate expected around 42%, the addressable market for the treatment of obesity is set to reach $100 billion by 2030.
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LMT | Hot Stocks17:28 EDT Lockheed Martin awarded $271.3M U.S. Defense Department contract modification - Lockheed Martin Rotary and Mission Systems is being awarded a $271,286,879 modification to previously awarded contract, HQ085121C0001 under Foreign Military Sales Case JA-P-NCO. This modification includes cost-plus-incentive-fee and cost-plus-fixed-fee contract line items. The total value of the contract is increased by $271,856,809 from $674,477,035 to $946,333,844.
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HL | Hot Stocks17:27 EDT Hecla Mining reports Q1 silver output 4.2M oz, gold output 36.6K oz - Hecla Mining announced its preliminary production results for the first quarter of 2024. Silver production was 4.2 million ounces, a 43% increase from Q4, and Gold production of 36,592 ounces was down 2% from prior quarter.
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MAXN | Hot Stocks17:18 EDT Maxeon Solar falls 9% to $2.49 after below-consensus Q4 and Q1 outlook
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WINT | Hot Stocks17:08 EDT Windtree Therapeutics enters asset purchase deal with Varian Biopharmaceuticals - Windtree Therapeutics "announced that on April 2, 2024 the Company entered into an asset purchase agreement with Varian Biopharmaceuticals to acquire certain of its assets, including a proprietary atypical protein kinase C iota inhibitor. The Company also completed a $1.5 million convertible note bridge financing."
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CASI | Hot Stocks17:03 EDT Casi Pharmaceuticals discloses development relating to dispute with Juventas - Casi Pharmaceuticals reported that it has furnished a current report on Form 6-K to disclose material development relating to its dispute with Juventas. Reference Link
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CNS | Hot Stocks17:02 EDT Cohen & Steers reports March-end AUM of $81.2B - The company states: "Cohen & Steers reported preliminary assets under management of $81.2B as of March 31, 2024, an increase of $1.6B from assets under management of $79.6B at February 29, 2024. The increase was due to net inflows of $183 million and market appreciation of $1.7 billion, partially offset by distributions of $298 million."
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SSYS | Hot Stocks17:00 EDT Stratasys names Amir Kleiner as new COO - Stratasys "announced the appointment of Amir Kleiner as Chief Operating Officer. The 12-year Stratasys veteran will lead the company's Global Operations, MIS, and Quality team, while continuing to manage the Customer Success team. The appointment is set to strengthen the connection between the Customer Success organization and the Operations and Supply Chain divisions."
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REPX | Hot Stocks16:59 EDT Riley Exploration investor Gerald Libin buys $2.03M in common stock - In a regulatory filing, Riley Exploration disclosed that Balmon Investments' Gerald Libin bought 75K shares of common stock on April 4th in a total transaction size of $2.03M.
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PAG | Hot Stocks16:45 EDT Penske Automotive expands retail automotive presence to Australia - The company stated: "Penske Automotive intends to expand its retail automotive operations into Australia by acquiring two Porsche dealerships along with a Ducati motorcycle dealership in Melbourne, Australia. The Company has signed an agreement to acquire Porsche Centre Brighton, Porsche Centre Doncaster and Ducati Melbourne West. The Brighton dealership, which is located approximately 20 minutes from central Melbourne, opened in March 2009 and has been serving the Porsche community in Melbourne for nearly 15 years. The Doncaster dealership is the newest official Porsche Centre located in the high-growth northeast Melbourne suburbs."
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SKLZ | Hot Stocks16:43 EDT Skillz discloses non-compliance notice from Nasdaq - The company stated: "Skillz announced that, on April 2, 2024, it received a notice from the New York Stock Exchange that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company has not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission. The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE Notice informed the Company that, under NYSE rules, the Company has six months from March 15, 2024 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. The NYSE further noted that, if the Company fails to file the Form 10-K within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant."
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VINC | Hot Stocks16:41 EDT Vincerx: progress for VIP236 and VIP943 for solid tumors presented at AACR - Vincerx Pharma presented positive preliminary Phase 1 data for VIP236 and updates on pipeline progress at the American Association for Cancer Research AACR Annual Meeting 2024. "The positive preliminary data we've reported for VIP236 and VIP943, coupled with preclinical findings leveraging our VersAptx platform to improve the efficacy of TRODELVY and ENHERTU, two marketed ADCs, underscore the power of our platform approach for hematologic malignancies and solid tumors," said Ahmed Hamdy, M.D., Chief Executive Officer of Vincerx. "The early VIP236 data demonstrated positive clinical activity, including tumor reductions. This represents significant promise for patients who have exhausted standard anticancer therapy options with many different tumor types, including tumors not usually responsive to camptothecin-derived therapies. Dose escalation continues in the VIP236 and VIP943 first-in-human studies. As we advance into higher dose levels, we look forward to sharing more clinical data for VIP236 later this summer and for VIP943 on or around the 2024 European Hematology Association annual meeting."
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EVA | Hot Stocks16:40 EDT Enviva receives NYSE notice regarding delayed Form 10-K filing - Enviva announced that on April 2, the company received notice from the New York Stock Exchange that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023, with the SEC.
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ASR | Hot Stocks16:39 EDT Asur reports March passenger traffic up 6.6% y/y - Asur announced that passenger traffic for March 2024 reached a total of 6.5M passengers, representing an increase of 6.6% compared to March 2023. Passenger traffic presented year-on-year increases of 3.4% in Mexico, 16.0% in Puerto Rico and 9.4% in Colombia. Passenger traffic growth in Mexico was driven by an 11.1% increase in international traffic that offset a 6.83% decrease in domestic traffic. Puerto Rico reported growth in domestic and international traffic, 14.9% and 27.1%, respectively. Passenger traffic in Colombia reported growth in domestic and international traffic of 3.6% and 37.7%, respectively.
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NUVL | Hot Stocks16:37 EDT Nuvalent presents data on NVL-330, zidesamtinib at AACR - Nuvalent announced the presentation of new preclinical data for its novel HER2-selective inhibitor, NVL-330, and novel ROS1-selective inhibitor, zidesamtinib (NVL-520). The two posters will be presented at the American Association for Cancer Research (AACR) Annual Meeting taking place from April 5 - 10 in San Diego. The posters will also be available on the Nuvalent website at www.nuvalent.com following the presentations. "Today's presentations continue to reinforce the differentiated profiles of our drug candidates," said Henry Pelish, Ph.D., Senior Vice President of Drug Discovery at Nuvalent. "In comparative in vitro and in vivo analyses of NVL-330 with currently approved and investigational HER2-targeting agents, NVL-330 demonstrated a differentiated preclinical profile by achieving higher CNS penetration and deeper intracranial response. Importantly, in these preclinical studies, NVL-330 also demonstrated potency against a broad range of HER2 oncogenic alterations and selectivity over wild-type EGFR, in line with our goal of designing molecules that can thread the needle between multiple competing challenges." Dr. Pelish continued, "In our ongoing ARROS-1 clinical trial of zidesamtinib, preliminary Phase 1 data has demonstrated a differentiated profile combining activity against ROS1 resistance mutations, CNS penetrance, and TRK avoidance which we believe has the potential to translate to deep, durable responses for patients with ROS1-driven cancers. A new preclinical mutagenesis screen reinforces this potential, showing that on-target resistance is unlikely following treatment with zidesamtinib at its average observed clinical concentration." In 2024, the company expects to initiate a Phase 1 trial for its HER2 program and to share updated data from the ARROS-1 trial at a medical meeting.
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THTX | Hot Stocks16:36 EDT Theratechnologies announces data presentation of SORT1+ technology at AACR - Theratechnologies presented preclinical data that highlight the versatility and flexibility of the Company's SORT1+ Technology platform. In a poster session at the 2024 annual meeting of the American Association for Cancer Research AACR in San Diego, Calif., researchers reported that Theratechnologies' investigational camptothecin-peptide conjugates are well tolerated and associated with significant tumor regression in colorectal cancer CRC and triple-negative breast cancer TNBC xenograft models. The study also demonstrated synergistic anti-tumor efficacy and good tolerability with the combination of two peptide drug conjugates with different payloads. "The preclinical data presented at AACR add to the sizeable body of evidence supporting the potential utility of the SORT1+ Technology platform as an engine for the development of novel peptide-drug conjugates to treat various types of cancer," said Christian Marsolais Ph.D., Senior Vice President and Chief Medical Officer at Theratechnologies. "In addition to our lead peptide-drug conjugate, sudocetaxel zendusortide, these latest data highlight the promising tolerability and anti-tumor effects of our investigational camptothecin-peptide conjugates, further demonstrating the versatility and flexibility of the platform. We welcome discussions with potential partners who are interested in the further development of these innovative therapies."
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ELEV | Hot Stocks16:35 EDT Elevation Oncology presents preclinical proof-of concept data for HER3-ADC - Elevation Oncology announced new preclinical data demonstrating proof-of-concept for its differentiated HER3-ADC program. The data will be presented in a poster session at the American Association for Cancer Research Annual Meeting 2024, being held April 5-10 in San Diego, California. "We are pleased to share the first preclinical proof-of-concept data for our HER3-ADC program, reinforcing our commitment to advancing a portfolio of differentiated ADC-based therapies that may deliver better outcomes for patients," said David Dornan, Ph.D., Chief Scientific Officer of Elevation Oncology. "With our HER3-ADC program, we set out to design a differentiated ADC which selectively binds to HER3 and is internalized to potentially attack HER3-expressing cancerous cells while minimizing systemic exposure. Preclinical data with our proof-of-concept HER3-ADC shows HER3-dependent cell killing and robust anti-tumor activity in vivo where HER3 is expressed at high levels. We look forward to nominating a development candidate from our HER3 program later this year and, subsequently, advancing our program closer to the clinic." In a poster titled, "Therapeutic potential of a HER3 antibody-drug conjugate for the treatment of HER3-expressing cancers," Elevation Oncology scientists presented in vitro and in vivo data of a seribantumab-based ADC for patients with HER3-expressing cancers. The data showed: HER3-ADC1 binding to cancer cells, endocytosis, MMAE release and inhibition of proliferation were dependent on HER3 expression. In cytotoxicity assays, HER3-ADC1 displayed HER3-dependent cell killing and outperformed a benchmark HER3-ADC with a deruxtecan payload, which is currently in clinical development. In a patient derived xenograft model of pancreatic cancer with high HER3 expression, HER3-ADC1 induced tumor regression, whereas an isotype-MMAE control and a benchmark HER3-ADC with a deruxtecan payload had only a modest effect.
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ANGI | Hot Stocks16:33 EDT Angi appoints Jeff Kip CEO - Angi announced the appointment of Angi president and long-time IAC and Angi executive Jeff Kip to CEO, succeeding Joey Levin. As CEO, Kip will lead Angi's executive team, overseeing strategy and daily management of the company. Levin, CEO of IAC, will continue as chairman of the Angi board. All changes are effective immediately. "Through multiple roles, Jeff Kip has been a student of the Angi business, first as CFO of IAC, then serving as CEO of Angi's International business for nearly eight years and most recently as President of Angi," said Joey Levin, CEO of IAC and Chairman of Angi. "During his tenure with Angi, he engineered the integration of multiple different product and technology platforms across six countries, driving the International business to healthy growth with expanding margins - an inspiring blueprint for Angi's future." Kip has served as Angi's President since November 2023 and as CEO of Angi's international business since 2016. Previously he served as CFO at IAC. Prior to joining IAC, Kip spent six years as CFO at Panera Bread Company, holding a number of leadership roles over the course of his nearly decade-long tenure. Prior to Panera, Kip held positions at investment banking firms UBS and Goldman Sachs.
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CDE | Hot Stocks16:31 EDT Coeur Mining achieves commercial production at Rochester mine - The company states: "Coeur Mining provided an update on its newly-expanded Rochester silver and gold mine in Nevada, including the achievement of commercial production at the operation as of March 31, 2024. Commissioning of the new three-stage crushing circuit and truck load-out facility was completed on March 7. Since then, the crushing circuit has operated at an average throughput of nearly 70,000 tons per day1 and has exceeded 88,000 tons per day, leading to the declaration of commercial production as of the end of the first quarter. Ramp-up to full design capacity of 88,000 tons per day-or approximately 32 million tons per year-remains on schedule for completion during the first half of 2024. Approximately 9.3 million tons of ore have now been placed on the new Stage 6 leach pad, which - together with the new Merrill Crowe processing facility - was commissioned late last year. Materially higher production levels are anticipated to build throughout the second half of 2024 consistent with completion of Rochester's ramp-up. Once operating at full capacity, throughput levels are expected to be approximately 2.5 times higher than historical levels, making Rochester one of the world's largest open pit heap leach operations and a key driver of cash flow growth for the Company. It is expected to be America's largest source of domestically produced and refined silver."
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HLIT | Hot Stocks16:31 EDT Harmonic CEO Patrick Harshman to retire, Nimrod Ben-Natan to succeed - Harmonic announced that Patrick Harshman will retire as President and CEO, effective June 11. Nimrod Ben-Natan, currently Senior Vice President and General Manager of Harmonic's Broadband business, has been appointed as Harshman's successor by Harmonic's Board of Directors. Harshman will work with the Board and Ben-Natan to ensure a smooth transition. Ben-Natan joined Harmonic in 1996 as a software engineer to design and develop its first-generation video transmission platform. He has led Harmonic's Broadband business as Senior Vice President and General Manager since 2012.
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INVH | Hot Stocks16:30 EDT Invitation Homes to acquire roughly 500 additional newly built homes - Invitation Homes announced that it is under contract to acquire approximately 500 additional newly built homes for a total investment of approximately $140M. The homes will be located in Charlotte, Jacksonville, and Nashville, and are being acquired through new relationships with three top-tier homebuilders, with deliveries expected to begin later this year. "As lack of supply continues to be a primary culprit in the high cost of housing, we are proud to further broaden our strong homebuilder partnerships to create additional housing," said Scott Eisen, the Company's Chief Investment Officer. "At the same time, we believe our strategy of partnering with the largest and best homebuilders to grow our footprint across the country offers the best risk-adjusted returns to our stockholders."
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AHT | Hot Stocks16:23 EDT Ashford Hospitality sees Q1 occupancy ~67% - Ashford Hospitality Trust reported that the company expects to report Occupancy of approximately 67% for the first quarter of 2024 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $128. This Comparable RevPAR reflects an approximate decrease of 1% compared to the first quarter of 2023. Additionally, for the month of January 2024, Comparable RevPAR increased approximately 2.1% versus January 2023. For the month of February 2024, Comparable RevPAR decreased approximately 0.3% versus February 2023. For the month of March 2024, Comparable RevPAR decreased approximately 3.7% versus March 2023. "Ashford Trust continues to benefit from increased corporate and group demand. While our March operating results were soft, which we directly attribute to the Easter Holiday shift, we expect to see a marked improvement for April," commented Rob Hays, Ashford Trust's President and CEO. "Additionally, we remain focused on paying off our strategic corporate financing and have made meaningful progress towards our deleveraging plan. As we look to the remainder of 2024, we believe our high-quality, geographically diverse portfolio remains well-positioned to outperform."
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PGC | Hot Stocks16:21 EDT Peapack-Private announces New York City expansion - Peapack-Gladstone Financial and Peapack Private, a division of Peapack-Gladstone Bank, continue to move into New York City with the hiring of Andrew F. Corrado and more than 10 teams of commercial and private bankers. Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private. He will lead the Bank's NY expansion and oversee its presence in Manhattan, leveraging the combined experience of more than 50 bankers to ensure the successful growth of the Company. "We are continuing to move aggressively into New York City due to the market disruption that occurred last spring," said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank. "Our expansion last summer has been well-received. The additional investment we are making today by hiring Andrew and multiple teams of commercial and private bankers capitalizes on the momentum we've achieved to date."
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BIRD | Hot Stocks16:20 EDT Allbirds gets Nasdaq notice of non-compliance with Nasdaq minmum bid price rule - Allbirds announced that on April 2 Allbirds received notice from The Nasdaq Stock Marke that Allbirds is no longer in compliance with Nasdaq's Listing Rule 5450 a1 because the closing bid price of the Allbirds' Class A common stock has fallen below $1.00 per share for 30 consecutive days. Allbirds' Class A common stock will continue to be listed and traded on the Nasdaq, subject to Allbirds' compliance with other Nasdaq continued listing standards, and operations are not affected by receipt of the Notice.
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NVMI | Hot Stocks16:17 EDT Nova announces Guy Kizner to succeed Dror David as CFO - Nova announced the promotion of Guy Kizner to the position of CFO, effective July 1st. Joining the leadership team, Kizner will succeed Dror David, who joined Nova in 1998 and has served as Nova's CFO since 2005. Following years of dedicated service, Dror David will retire from the company after he facilitates a smooth transition until July 1st. Guy Kizner's tenure with Nova began in 2010, and since then, he has showcased his expertise and proficiency in various financial roles within the company, the latest of which as the Corporate VP of Finance.
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NCLH | Hot Stocks16:17 EDT Norwegian Cruise Line announces strategic long-term fleet expansion - Norwegian Cruise Line Holdings unveiled a new build order in its history-a total of eight state-of-the-art vessels, representing nearly 25,000 additional berths, with new classes of ships for each of its three award-winning brands-and the construction of a multi-ship pier at Great Stirrup Cay, the company's private island destination in the Bahamas and its top-rated Caribbean port of call. This decade-long strategy enhances its product offering, guest experiences, and operational infrastructure, supporting the company's sustained leadership in delivering innovative cruise vacations. The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036. Following the delivery of four Prima-Plus class ships from 2025 through 2028, Norwegian Cruise Line is expected to take delivery of four approximately 200,000-gross-ton ships, each with a capacity of nearly 5,000 guests, in 2030, 2032, 2034 and 2036, which are subject to financing1. Building on the success of its Allura Class ships, the last one being delivered in 2025, Oceania Cruises is scheduled to take delivery of two 86,000-gross-ton ships, each with a capacity of 1,450 guests in 2027 and 2029. Lastly, following the award-winning Explorer Class ships, Regent Seven Seas Cruises is scheduled to take delivery of two 77,000-gross-ton ships, each with a capacity of 850 guests, in 2026 and 2029. Details regarding the ships' amenities, staterooms, dining, recreational, efficiency, sustainability and other features will be announced in the coming months.
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CNM | Hot Stocks16:15 EDT Core & Main to acquire Geothermal Supply Company, terms not disclosed - Core & Main Inc. has entered into a definitive agreement to acquire substantially all of the assets of Geothermal Supply Company Inc. GSC is a leading distributor and fabricator of high-density polyethylene pipe and other related products, primarily serving the geothermal, water and sewer industries from a single location in Kentucky. "Adding GSC to the Core & Main family will create exciting new opportunities for us in an important and expanding area for HDPE. The GSC team's wealth of knowledge and expertise in the industry fit in well with our existing fusible product offering, and we are confident this will be a positive partnership for both new and existing customers," said Steve LeClair, chairman and CEO of Core & Main. GSC has been a leading provider of HDPE products since its start in 1996. GSC provides an array of fusible offerings specifically designed to aid in installing and maintaining geothermal systems, as well as water and sewer. "GSC has set an exceptional example with their unwavering commitment to providing top-notch service and building strong customer relationships," said Jack Schaller, president of Core & Main. "We look forward to welcoming them to Core & Main and incorporating their expertise to further strengthen our fusible offerings."
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BKD | Hot Stocks16:15 EDT Brookdale Senior Living reports March occupancy - March 2024 Observations: March's weighted average occupancy increased 180 basis points year-over-year to 77.9%, remaining flat sequentially to February's weighted average occupancy. March's increase over the prior year March reflected a continued monthly trend of accelerated year-over-year improvement in the first quarter, and represents the company's twenty-ninth consecutive month of year-over-year weighted average occupancy growth. Demonstrating an improvement from normal pre-pandemic seasonality, first quarter 2024 weighted average occupancy decreased (50) basis points compared to the fourth quarter 2023.
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IPSC | Hot Stocks16:15 EDT Century Therapeutics: Data from iPSC-derived cell therapy presented at AACR - Century Therapeutics announced that preclinical data from the company's iPSC-derived cell therapy platform was presented at the AACR Annual Meeting 2024. The posters highlight the Company's end-to-end capabilities in iPSC reprogramming and differentiation, gene editing, synthetic biology, protein engineering and computational biology. "Together, the promising preclinical data showcase Century's continued dedication to driving the field of allogeneic cell therapy through the incorporation of a suite of innovations into next generation product candidates," said Hy Levitsky, M.D., President of Research and Development at Century Therapeutics. "We presented new data advancing our Allo-Evasion platform through the transgenic expression of HLA-G, which along with HLA-E can augment the protection against host natural killer cell-mediated rejection of iPSC derived cells also engineered to resist T cell recognition through the elimination of HLA-I and HLA-II expression. This enhanced protection against rejection is designed to enable Century's multi-dosing strategy that increases the period of drug exposure, potentially leading to deeper and more durable responses for patients in need. We also presented new data describing our novel, dual-targeting CAR for B cell mediated malignancies which demonstrated promising in vitro and in vivo cytotoxicity and resisting antigen loss, and which we believe expands the potential of allogeneic CAR-T cell therapy beyond currently available options in oncology that only target CD19. Along with other important preclinical data presented at AACR, the findings to date highlight our unique gene editing, protein engineering, and manufacturing capabilities that are the foundations of our industry-leading allogeneic cell therapy pipeline and platform."
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SON | Hot Stocks16:14 EDT Sonoco, Engie announce 140 megawatt virtual power purchase agreement - Sonoco Products Company and Engie North America announced that they have entered into a Virtual Power Purchase Agreement, VPPA, for production from Engie's Big Sampson Wind Project, a wind power project currently under construction in Crockett County, Texas. Under the VPPA and subject to certain conditions, Sonoco and Engie have agreed to contract for an estimated 140 megawatts of electricity per year, representing approximately 48% of Sonoco's U.S. electricity consumption in 2025 and approximately 52% of the expected output capacity of Big Sampson, for a term of 15 years commencing upon Big Sampson's entry into commercial operation.
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MAXN | Hot Stocks16:14 EDT Maxeon Solar sees Q4 shipments, in MW 653
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SWAV | Hot Stocks16:12 EDT ShockWave Medical data confirm consistent 'real-world' outcomes - Shockwave Medical announced that investigators presented six-month data from the full population of the REDUCER-I study, alongside interim long-term follow-up results to three years. These findings confirm the positive, 'real-world' outcomes of Shockwave Reducer, a novel technology for the treatment of refractory angina. ...The primary effectiveness endpoint for the study was the percentage of patients experiencing improvement in their symptoms of angina defined as a reduction in Canadian Cardiovascular Society grade at six months compared with baseline. The primary safety endpoints were the rate of device- and/or procedure-related periprocedural serious adverse events and major adverse cardiac events up to 30 days post implant. "Results from the REDUCER-I study continue to demonstrate the safety and effectiveness of Shockwave Coronary Sinus Reducer as a novel therapy for refractory angina," said Dr. Verheye. "We observed consistent reduction in symptoms of refractory angina and improvements in quality of life, results which align with those from the COSIRA study, previously published in The New England Journal of Medicine, in a challenging patient cohort characterized by high rates of cardiovascular risk factors and coexisting comorbidities for whom there have historically been no other treatment options."
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CRDF | Hot Stocks16:12 EDT Cardiff presents data underscoring 'significant potential' of onvansertib - Cardiff Oncology announced the presentation of five abstracts at the American Association for Cancer Research, AACR, taking place from April 5-10, in San Diego, California. In combination, the abstracts underscore the significant potential of the company's lead molecule onvansertib in metastatic colorectal cancer, mCRC, and other cancers. "Overall, the totality of our preclinical and clinical data we are presenting at AACR in mCRC is promising and provides scientific validation of our ongoing first-line RAS-mutated mCRC trial, where all patients have no prior exposure to bevacizumab, meaning they are bev naive," said CEO Mark Erlander, Ph.D. "Furthermore, bev naive patients in our Phase 1b/2 KRAS-mutated mCRC trial were approximately 4 times (73 % vs 19%) more likely to achieve a clinical response compared to bev exposed patients in the dataset presented at AACR. This is consistent with the data we later generated from our randomized ONSEMBLE trial in RAS-mutated mCRC, which serves as a second independent data set reproducing the robust efficacy signal for onvansertib plus standard of care in bev naive patients. In addition, we are particularly encouraged by our RAS-mutated mCRC preclinical data highlighting onvansertib's ability to inhibit activation of the hypoxia pathway via the regulation of HIF1alpha. We believe this mechanism acts complementary to bevacizumab, potentially providing an even greater reduction in tumor vascularization when the two agents are combined."
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KA | Hot Stocks16:08 EDT Kineta presents data from Phase 1/2 VISTA-101 clinical trial at AACR - Kineta announced at the American Association for Cancer Research AACR in San Diego, CA an update on its ongoing VISTA-101 Phase 1/2 clinical trial evaluating KVA12123, an anti-VISTA monoclonal antibody, as monotherapy and in combination with Merck's anti-PD1 therapy, KEYTRUDA pembrolizumab , in patients with advanced solid tumors. KVA12123 cleared the fifth of six monotherapy dose levels and the second of four cohorts in combination with pembrolizumab. KVA12123 was well tolerated with no dose limiting toxicities DLT or cytokine related adverse events at any dose level. "We are pleased to present our progress on the VISTA-101 clinical trial at AACR this year, with the initial clinical response data and the durability of patient benefit emerging from the study. The safety profile of KVA12123 to date has been remarkable in the monotherapy as well as combotherapy cohorts, supporting advancement to the final monotherapy dosing cohort of KVA12123 and reaching the estimated optimal therapeutic dose," said Thierry Guillaudeux, Ph.D., Chief Scientific Officer of Kineta. "Initial read-outs demonstrated that KVA12123 is not only safe but exhibits potential clinical benefit for some patients as either monotherapy or combotherapy and may offer patients a novel approach to address immunosuppression in the tumor microenvironment and better manage solid tumor cancers." In February 2024, the company announced that it is pursuing strategic alternatives to maximize shareholder value due to certain investors indicating they will not fulfill their April 2024 funding obligation in the previously disclosed private placement financing. As a result, the company has suspended new patient enrollment into the Phase 1/2 VISTA-101 trial and will not be recruiting patients into either the sixth cohort in the monotherapy arm or the third cohort in the combination therapy arm. Patients currently enrolled in the trial will be permitted to continue to participate.
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ADC | Hot Stocks16:06 EDT Agree Realty raises monthly cash dividend 1.2% to 25c per share - Agree Realty announced that its Board of Directors has authorized, and the company has declared, a monthly cash dividend of 25c per common share, representing a 1.2% month-over-month increase. The monthly dividend reflects an annualized dividend amount of $3.00 per common share, representing a 2.9% increase over the annualized dividend amount of $2.916 per common share from the second quarter of 2023. The dividend is payable May 14 to stockholders of record at the close of business on April 30.
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MEI | Hot Stocks16:06 EDT Methode Electronics announces retirement of CFO Ronald Tsoumas - Methode Electronics announced that Ronald Tsoumas, Chief Financial Officer, is retiring from the company effective July 12, 2024, following the filing of Methode's FY24 annual report. The company has begun a search process with the assistance of a leading executive search firm to identify Tsoumas' permanent successor. Following Tsoumas' retirement and provided a permanent successor has not been hired, the company plans to appoint David Rawden, a director at consulting firm AlixPartners, as interim CFO until a permanent successor is identified. Rawden has held multiple CFO and interim CFO positions at both publicly traded and private companies. He brings over 25 years of finance, accounting and administrative experience and is a certified public accountant.
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FND | Hot Stocks16:06 EDT Floor & Decor opens new warehouse location in Baltimore - Floor & Decor "announced the grand opening of its second warehouse location in Baltimore, with the addition of its newest location in Glen Burnie at 75 Dover Road NE. The warehouse store and design center opened with a team of about 50 full-time and part-time associates led by Dan Lorden, the store Chief Executive Merchant."
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BE | Hot Stocks16:04 EDT Bloom Energy to receive up to $75M in federal tax credits for Fremont plant - The company states: "Bloom Energy was recently awarded up to $75M in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative. Bloom was selected for this award for its commitment to expand domestic manufacturing and fuel cell and electrolyzer production capacity at its multi-gigawatt Fremont, California manufacturing plant. At the heart of Bloom Energy's recently opened Fremont facility is the ability to manufacture high-efficiency fuel cell stacks, which serve as the foundational technology for the company's Energy Server(R) platform and Bloom Electrolyzer. The funding is part of the $4 billion in tax credits recently announced by the White House under the Qualifying Advanced Energy Project Tax Credit to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities."
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IQV CRM | Hot Stocks16:02 EDT Iqvia, Salesforce expand global partnership - Iqvia (IQV) and Salesforce (CRM) announced an expanded global strategic partnership to accelerate the development of Salesforce's Life Sciences Cloud, a next-generation customer engagement platform for the global life sciences industry. Building on the IQVIA Orchestrated Customer Engagement platform, launched in 2017, the partnership will apply innovations from IQVIA OCE with Salesforce's Life Sciences Cloud to provide customers with a new single, end-to-end engagement platform. Salesforce's leading CRM software, powered by IQVIA data, domain expertise and advanced analytics, is expected to transform healthcare professional and patient engagement. As part of the expanded partnership, IQVIA will license the OCE CRM related software to Salesforce, and the parties will collaborate to accelerate development of Life Sciences Cloud for customer engagement, expected to be available in 2025. IQVIA will continue to market the OCE CRM product and will support its nearly 400 global OCE customers in 130+ countries through 2029. IQVIA will work with Salesforce to jointly market the new offering. The two companies will bring together talent, technology and expertise to ensure a coordinated transition from IQVIA's OCE to Salesforce's next generation life sciences solution. "Our expanded relationship with Salesforce will bring the best of our combined capabilities in data, AI and technology to life sciences customers. In collaboration with various strategic partners across multiple healthcare verticals, IQVIA will continue to develop innovative technology solutions to help accelerate decision making across discovery, clinical development, medical affairs, real world evidence generation, patient safety, regulatory compliance, patient engagement and commercial operations," said Bernd Haas, SVP and Head of Digital Products and Solutions at IQVIA.
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HOG | Hot Stocks15:57 EDT Harley-Davidson ratifies new collective bargaining agreements with three unions - Harley-Davidson announced that the company has ratified new collective bargaining agreements with the three unions representing employees at the company's Wisconsin manufacturing facilities, namely the United Steelworkers Local 2-209 and the International Association of Machinists and Aerospace Workers Lodge 78 representing workers at the Menomonee Falls, WI facility, and the United Steelworkers Local 460 representing workers at the Tomahawk, WI facility. Harley-Davidson Chairman, President, and CEO, Jochen Zeitz said: "Today's announcement reinforces the strong and positive relationship between Harley-Davidson and the unions. I'd like to take this opportunity to thank both union and company representatives for their hard and most constructive work in achieving today's agreement."
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BTTR | Hot Stocks12:46 EDT Better Choice Company trading resumes
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BTTR | Hot Stocks12:36 EDT Better Choice Company trading halted, volatility trading pause
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BNS... | Hot Stocks12:20 EDT Scotiabank announces expanded partnership with Google Cloud - Scotiabank (BNS) announced an expanded partnership with Google Cloud (GOOGL), naming it the enterprise cloud platform of choice for the next phase of the bank's cloud acceleration journey. "The Bank will leverage Google Cloud technology to enhance client and employee experience, strengthen Bank security, and adopt new technologies, like generative AI, more quickly. This announcement builds on Scotiabank's strategic partnership with Google Cloud, extending its cloud-first commitment and accelerating its global data and analytics strategy," Scotiabank stated.
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PSTX | Hot Stocks12:06 EDT Poseida: Phase 1 data supports potential of P-BCMA-ALLO1 therapy in MM - Poseida Therapeutics announced new data from a subset of patients in an ongoing Phase 1 study of its lead program, P-BCMA-ALLO1. Results showed that three of the five patients with relapsed/refractory multiple myeloma who had progressed following BCMA-targeted therapy achieved clinical responses with P-BCMA-ALLO1. In addition, this investigational treatment was well-tolerated. These new Phase 1 study subgroup data and a new data analysis of different lymphodepletion regimens in patients treated with P-BCMA-ALLO1 for multiple myeloma or P-MUC1C-ALLO1 for solid tumors are being presented today in a poster session at the American Association for Cancer Research Annual Meeting 2024 in San Diego. The open-label, multicenter Phase 1 dose-escalation study in patients with relapsed/refractory multiple myeloma is assessing the safety and maximum tolerated dose of P-BCMA-ALLO1 (primary objective) and its anti-myeloma activity. Study participants were required to have received a prior proteasome inhibitor, immunomodulatory drug and anti-CD38 monoclonal antibody. Five study participants who had progressed on or following prior BCMA-targeting autologous CAR-T, T-cell engagers or both, and with ninety days post-P-BCMA-ALLO1 treatment follow-up, are presented in this poster. Key findings from the subgroup analysis showed that P-BCMA-ALLO1 was well tolerated with no dose-limiting toxicities, graft vs. host disease, or Grade 3 or greater cytokine release syndrome or immune effector cell neurotoxicity syndrome. The overall response rate in patients receiving P-BCMA-ALLO1 was 60%, with all three patients who achieved a clinical response experiencing a very good partial response. This included one patient who had previously received both teclistamab and an autologous CAR-T therapy and has maintained a response for more than four months.
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SPOT | Hot Stocks12:04 EDT Spotify rolls out AI Playlist beta for Premium users in U.K., Australia - Spotify said in a blog post yesterday that it is providing Premium subscribers with another AI tool to "fuel discovery and music curation" called AI Playlist, which is in beta. Starting with users on Android and iOS devices in the United Kingdom and Australia, creating a new playlist with AI Playlist is as simple as typing a unique prompt into the chat, the company said. "Looking for "an indie folk playlist to give my brain a big warm hug," "relaxing music to tide me over during allergy season," or "a playlist that makes me feel like the main character"? AI Playlist has you covered," said Spotify. "Whether you're a beginner or an expert playlist creator, AI Playlist pairs our powerful personalization technology with AI to deliver that perfect musical mix, just for you." Reference Link
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AGR | Hot Stocks12:04 EDT Avangrid, Statkraft enter virtual power purchase agreement - Avangrid and Statkraft announced the signing of a Virtual Power Purchase Agreement, establishing a new relationship between the two companies in the United States. Statkraft will receive Renewable Energy Certificates from Avangrid's 300 MW Streator Cayuga Ridge South Wind Farm in Illinois with this short term VPPA. This is the first agreement between the two companies in the U.S. market. Statkraft and Iberdrola, S.A., Avangrid's parent company, have a Power Purchase Agreement in place for energy produced at Iberdrola's Korytnica II wind farm in Poland.
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UIS | Hot Stocks12:03 EDT Unisys names Brett Barton global AI practice leader - Unisys announced Brett Barton as the company's vice president and global AI practice leader. He will report to Unisys Senior Vice President and CTO Dwayne Allen. "Our dedicated AI practice underscores our commitment to serve clients with cutting-edge AI solutions," said Unisys CEO Peter Altabef. "Brett has a track record of propelling organizations forward through innovative initiatives, and we are excited to welcome him to Unisys."
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INKT | Hot Stocks12:02 EDT MiNK announces presentation of MiNK-215 data at AACR meeting - MiNK Therapeutics announced the presentation of data from MiNK-215, an investigational IL-15 armored fibroblast activation protein targeting CAR-iNKT cell therapy, at the American Association for Cancer Research Meeting in San Diego, CA. "MiNK-215 represents a novel cellular therapeutic to overcome the limitations of immune checkpoint blockade therapy. The data presented at AACR demonstrate MiNK-215's potential to effectively combat colorectal liver metastases, offering hope for patients who have exhausted conventional treatment options," said Dr. Jennifer Buell, President and CEO at MiNK. "Furthermore, these results accentuate MiNK-215's versatility and synergistic potential when paired with immunotherapies such as Agenus' botensilimab and balstilimab. This collaboration holds promise in bolstering the anti-tumor response, particularly in the formidable realm of microsatellite stable colorectal cancer." Human organoid models of CRC with liver metastases revealed that MiNK-215 exhibits potent anti-tumor activity through multiple mechanisms that include: Tumor stroma remodeling: MiNK-215 effectively remodels the tumor stroma, the supportive tissue surrounding the tumor to create a more favorable environment for immune cell infiltration and activity. Immune activation: By reprogramming the tumor microenvironment, MiNK-215 reduces the presence of immune-suppressive FAP expressing stellate cells and CXCL-12 expressing cells. Enhanced tumor killing: MiNK-215 recruits tumor-reactive T cells, pivotal in mounting an effective immune response against the tumor, ultimately leading to enhanced tumor eradication.
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IONQ | Hot Stocks12:00 EDT IonQ falls -8.3% - IonQ is down -8.3%, or -76c to $8.45.
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AUNA | Hot Stocks12:00 EDT Auna falls -8.8% - Auna is down -8.8%, or -80c to $8.30.
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NTZ | Hot Stocks12:00 EDT Natuzzi falls -11.1% - Natuzzi is down -11.1%, or -70c to $5.60.
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DCO | Hot Stocks12:00 EDT Ducommun rises 15.8% - Ducommun is up 15.8%, or $7.66 to $56.23.
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MYTE | Hot Stocks12:00 EDT Mytheresa rises 18.1% - Mytheresa is up 18.1%, or 60c to $3.92.
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AIRC | Hot Stocks12:00 EDT Apartment Income REIT rises 22.6% - Apartment Income REIT is up 22.6%, or $7.08 to $38.43.
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SLN | Hot Stocks11:50 EDT Silence Therapeutics says additional results from APOLLO phase 1 study published - Silence Therapeutics announced additional results from the APOLLO phase 1 study of zerlasiran in subjects with baseline lipoprotein(a), or Lp(a), levels at or over 150 nmol/L were published in the Journal of the American Medical Association. The single ascending and multiple dose trial enrolled 32 healthy participants and 36 patients with atherosclerotic cardiovascular disease, or ASCVD, and Lp(a) concentrations greater than or equal to150 nmol/L. Results from the single ascending dose portion of the trial in healthy participants were previously published in the April 2022 issue of JAMA. Today's JAMA publication reviews findings from the extended 365 day follow up of healthy participants who received the two highest zerlasiran doses of 300 or 600 mg and 201 days of follow up for ASCVD patients administered 2 doses, the company stated. "Positive phase 1 data published in JAMA demonstrate treatment with zerlasiran produced sustained reductions in Lp(a) concentrations with a well-tolerated profile using varying dosing regimens. The promising findings from this study are particularly encouraging as we complete the phase 2 study for zerlasiran and underscore our commitment to address this major unmet need in cardiovascular disease," said Curtis Rambaran, MD, Chief Medical Officer at Silence and senior author of the publication.
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RVMD | Hot Stocks11:40 EDT Revolution Medicines announces publications on discovery of RMC-7977 - Revolution Medicines announced the publication of two peer-reviewed research papers in Nature. The first paper highlights the discovery and preclinical characterization of RMC-7977, a preclinical tool compound representative of a class of oral RAS(ON) multi-selective inhibitors, including the investigational drug candidate RMC-6236, that target multiple RAS variants. The second paper highlights the systematic evaluation of RMC-7977 in a wide range of preclinical models of PDAC. This original research was led by scientists at Revolution Medicines and conducted in collaboration with researchers from across the U.S. and Europe. Oncogenic RAS proteins drive up to 30 percent of all human cancers, most notably non-small cell lung cancer, PDAC and colorectal cancer. RAS G12 mutations, such as G12D, G12V and G12C, predominate in human cancers. Approved KRAS-targeted cancer therapies target only one particular RAS mutation, KRAS G12C. The first Nature paper describes RMC-7977, a RAS(ON) multi-selective inhibitor preclinical tool compound, which was designed to inhibit the full spectrum of oncogenic RAS mutations, including RAS codon 12 mutations as well as non-mutated wild-type RAS. RMC-7977 engages the intracellular chaperone cyclophilin A to form a binary complex that binds reversibly and with high affinity to RAS proteins that are in the active, GTP-bound or ON state. In preclinical studies, RMC-7977 demonstrated robust, durable anti-tumor activity at well-tolerated doses across a range of RAS-mutated NSCLC, PDAC and CRC models. Importantly, the preclinical study demonstrated that RAS(ON) multi-selective inhibitors, as represented by RMC-7977, have the potential to overcome some of the resistance mechanisms that have been shown to limit the clinical efficacy and durability of current KRAS(OFF) G12C-selective inhibitors, including adaptive signaling mechanisms mediated by activation of wild-type RAS. The second report describes research into the pharmacology and anti-tumor activity of the tool compound, RMC-7977, which was evaluated across a diverse range of preclinical PDAC models. Broad and pronounced anti-tumor activity was observed across various preclinical models following direct RAS inhibition by RMC-7977 at exposures that were well tolerated in vivo, providing a strong preclinical rationale for evaluating broad-spectrum RAS inhibition in the clinical PDAC setting. Furthermore, careful analysis of recognized clinical resistance mechanisms in a sophisticated model of PDAC treated with RMC-7977 revealed a promising combination treatment regimen that may be capable of countering monotherapy drug resistance. The investigational oral drug candidate RMC-6236 is a RAS(ON) multi-selective inhibitor designed to treat patients with cancers driven by a wide range of common RAS mutations. Revolution Medicines is currently evaluating RMC-6236 as monotherapy in a first-in-human trial in patients with advanced solid tumors harboring G12X, G13X, and Q61X mutations. Based on promising preliminary data in this trial, planning is underway to initiate pivotal studies of RMC-6236 as monotherapy in NSCLC and PDAC. RMC-6236 is also being evaluated in combination with pembrolizumab with or without chemotherapy in patients with advanced RAS-mutated solid tumors and in combination with RMC-6291, the company's investigational RAS(ON) G12C-selective inhibitor, for patients with advanced KRAS G12C-mutated solid tumors.
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MIST | Hot Stocks11:39 EDT Milestone: Etripamil 'effective' at restoring sinus rhythm in trial - Milestone Pharmaceuticals announced new clinical data demonstrating real-world application of etripamil, an investigational new drug, for conversion of recurrent paroxysmal supraventricular tachycardia. Conducted in North and South America, this open label, Phase 3 study of etripamil in PSVT was both presented at The American College of Cardiology Scientific Sessions in Atlanta, GA and published in The Journal of the American College of Cardiology. CARDAMYST, the conditionally approved brand name for etripamil nasal spray, if approved, will be the first rapid, reliable, and at-the-ready option in the acute treatment of PSVT. NODE-303 evaluated self-administered etripamil in an outpatient setting for up to multiple episodes of PSVT, without prior test dosing. It did not exclude patients with a history of co-morbid atrial fibrillation or atrial flutter. The results demonstrated that symptom-prompted treatment with etripamil was effective at restoring sinus rhythm as compared to placebo with a median time-to-conversion of 17.0 minutes and was generally well tolerated. The conversion of PSVT to sinus rhythm was similar among multiple PSVT episodes and the frequency of treatment-emergent adverse events at 24 hours decreased with successive episodes. Adverse events were predominantly localized to the drug's nasal administration site, consistent with prior trial findings. The protocol was amended during the trial to allow for a repeat dose of drug if symptoms persisted 10 minutes following the first dose. Efficacy of etripamil for PSVT conversion in NODE-303 was 60% by 30 minutes after drug self-administration, and 69.9% by 60 minutes after drug self-administration; these rates of conversion are similar to those demonstrated in double-blinded and other open-label studies. These data support a potentially significant shift in the management approach for recurrent PSVT.
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BMY | Hot Stocks11:33 EDT Bristol Myers: Krazati plus cetuximab showed ORR of 34%, PFS of 6.9 months - Bristol Myers Squibb announced data from the cohorts of the Phase 1/ 2 KRYSTAL-1 study evaluating KRAZATI in combination with cetuximab for the treatment of patients with previously treated KRASG12C-mutated locally advanced or metastatic colorectal cancer. These late breaking data will be featured in an oral presentation at the 2024 American Association for Cancer Research annual meeting on Monday, April 8 at 11:10 a.m. Pacific Time and will be highlighted as part of the meeting's official press program. The data will also be published simultaneously in Cancer Discovery. With a median follow up of 11.9 months in 94 patients, KRAZATI plus cetuximab demonstrated an objective response rate, the primary endpoint, of 34%, median progression-free survival of 6.9 months, and median overall survival of 15.9 months in pre-treated patients with KRASG12C-mutated locally advanced or metastatic CRC. The median duration of response was 5.8 months. Disease control was observed in 85% of patients. The safety profile for KRAZATI plus cetuximab was manageable and consistent with previous reports, and with the known safety profile of each drug individually. The company announced in February 2024 that the FDA had accepted a supplemental new drug application for KRAZATI in combination with cetuximab as a targeted treatment option for patients with previously treated KRASG12C-mutated locally advanced or metastatic CRC for priority review and assigned a Prescription Drug User Fee Act goal date of June 21, 2024.
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BAESY | Hot Stocks11:02 EDT BAE Systems receives $79M contract from U.S. Marine Corps - BAE Systems has received an $79M contract from the U.S. Marine Corps to build and deliver production representative test vehicles for the Amphibious Combat Vehicle Recovery variant later this year. The ACV-R will provide direct field support, maintenance, and recovery to the ACV family of vehicles.
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TSM | Hot Stocks10:36 EDT TSMC awarded $6.6B from Department of Commerce for Arizona plants - The U.S. Department of Commerce and TSMC Arizona Corporation, a subsidiary of Taiwan Semiconductor Manufacturing Company, signed a non-binding preliminary memorandum of terms to provide up to $6.6B in direct funding under the CHIPS and Science Act. The proposed funding would support TSMC's investment of more than $65B in three greenfield leading-edge fabs in Phoenix, Arizona. "After initially announcing two fabs in the U.S., TSMC Arizona is committing to build an additional third fab before the end of the decade. With this proposed funding, TSMC Arizona would be ensuring the formation of a scaled leading-edge cluster in Arizona, creating approximately 6,000 direct manufacturing jobs, more than 20,000 accumulated unique construction jobs, and tens of thousands of indirect jobs in this decade and bringing the most advanced process technology to the United States," Department of Commerce said in a statement.
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ACN | Hot Stocks10:16 EDT Accenture acquires Axis Corporate, terms not disclosed - Accenture has acquired Axis Corporate, a Spanish management and technology business consulting firm specialized in financial services. Axis Corporate enhances Accenture's strategy and technology offerings that enable companies in Spain to reinvent their business models, more effectively manage costs and develop new products faster. Founded in 2005, Axis Corporate is headquartered in Barcelona, with offices in Madrid and Boston. It has long-standing relationships with many of the largest financial services firms in Spain, with expertise primarily in retail and commercial banking, consumer finance and payments. Axis Corporate's approximately 110 specialized professionals will join Accenture's Strategy & Consulting practice. The company provides a wide range of advisory services, including operating model and cost transformation, talent and culture, finance, and sustainability. It also has strong risk management capabilities, with a special focus on helping banks better manage and recover non-performing assets and loans. Terms of the transaction were not disclosed.
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SCTL | Hot Stocks10:13 EDT CoreRx completes acquisition of Societal CDMO - CoreRx, has completed its acquisition of Societal CDMO. CoreRx's tender offer to acquire all of the issued and outstanding shares of common stock of Societal CDMO, at a purchase price of $1.10 per Share, in cash, without interest and less any applicable tax withholding, expired as scheduled one minute following 11:59 p.m., Eastern Time, on April 5, 2024 and was not further extended. The depositary and paying agent for the tender offer has advised CoreRx that, as of the expiration of the tender offer, a total of 102,588,622 Shares were validly tendered and not properly withdrawn, representing approximately 92.8% of the issued and outstanding Shares. Such Shares have been accepted for payment and will be promptly paid for in accordance with the terms of the tender offer. Following completion of the tender offer, CoreRx completed the acquisition of Societal CDMO through the previously planned second-step merger under Section 321(f) of the Pennsylvania Business Corporation Law of 1988. As a result of the merger, Societal CDMO became a wholly owned subsidiary of CoreRx. The common stock of Societal CDMO will be delisted from the Nasdaq Capital Market.
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COUP | Hot Stocks10:01 EDT Coupa Software announces Greg Harbor as chief partner officer - Coupa announced Greg Harbor as its new Chief Partner Officer. Harbor will be responsible for scaling Coupa's partner ecosystem and channels to deliver additional growth, support, and innovations for the company's global community. "Greg's leadership will be instrumental in expanding Coupa's global partner program and fostering strategic relationships," said Leagh Turner, Coupa CEO.
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PLOW | Hot Stocks10:00 EDT Douglas Dynamics falls -6.2% - Douglas Dynamics is down -6.2%, or -$1.50 to $22.50.
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SNDA | Hot Stocks10:00 EDT Sonida Senior Living falls -6.4% - Sonida Senior Living is down -6.4%, or -$1.86 to $27.19.
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BHC | Hot Stocks10:00 EDT Bausch Health falls -6.4% - Bausch Health is down -6.4%, or -67c to $9.74.
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MODN | Hot Stocks10:00 EDT Model N rises 10.9% - Model N is up 10.9%, or $2.94 to $30.03.
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DCO | Hot Stocks10:00 EDT Ducommun rises 17.6% - Ducommun is up 17.6%, or $8.56 to $57.14.
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AIRC | Hot Stocks10:00 EDT Apartment Income REIT rises 22.8% - Apartment Income REIT is up 22.8%, or $7.13 to $38.48.
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ANL | Hot Stocks09:51 EDT Adlai Nortye Ltd (ADR) trading resumes
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SMR | Hot Stocks09:47 EDT Nuscale Power rises 10.6% - Nuscale Power is up 10.6%, or 64c to $6.74.
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DCO | Hot Stocks09:47 EDT Ducommun rises 17.3% - Ducommun is up 17.3%, or $8.42 to $57.00.
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AIRC | Hot Stocks09:47 EDT Apartment Income REIT rises 22.7% - Apartment Income REIT is up 22.7%, or $7.11 to $38.46.
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AS | Hot Stocks09:47 EDT Amer Sports falls -4.4% - Amer Sports is down -4.4%, or -68c to $14.66.
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ZKH | Hot Stocks09:47 EDT ZKH Group falls -4.7% - ZKH Group is down -4.7%, or -76c to $15.40.
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KEN | Hot Stocks09:47 EDT Kenon falls -5.4% - Kenon is down -5.4%, or -$1.24 to $21.55.
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ARRW | Hot Stocks09:40 EDT Arrowroot Acquisition Corp trading resumes
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RWOD | Hot Stocks09:36 EDT Redwoods Acquisition Corp trading resumes
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FCUV | Hot Stocks09:34 EDT Focus Universal appoints Warren Wang as CSO - Focus Universal announced that Warren Wang has resigned his position at PX SPAC Capital Inc. and accepted a position at Focus Universal Inc. as Chief Strategy Officer and Vice President. He previously served as a board member and chief executive officer of PX SPAC Capital Inc. since February 2022, and as a board member and chief executive officer of PX Capital USA Inc. since March 2019.
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RWOD | Hot Stocks09:31 EDT Redwoods Acquisition Corp trading halted, volatility trading pause
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ARRW | Hot Stocks09:30 EDT Arrowroot Acquisition Corp trading halted, volatility trading pause
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ANL | Hot Stocks09:30 EDT Adlai Nortye Ltd (ADR) trading halted, volatility trading pause
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BAC | Hot Stocks09:28 EDT Bank of America's Erica surpasses 2B interactions - Bank of America announces that clients have had more than 2 billion interactions with Erica, its virtual financial assistant, since it launched in 2018. "Erica acts as both a personal concierge and mission control for our clients," said Nikki Katz, Head of Digital at Bank of America. "Erica meets clients where they are and when they need us, and has become a true guide by their side." To date, Erica has responded to 800 million inquiries from over 42 million clients and provided personalized insights and guidance over 1.2 billion times, BofA said.
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GANX | Hot Stocks09:28 EDT Gain Therapeutics appoints Gene Mack as CFO - Gain Therapeutics announces the appointment of Gene Mack, MBA as its CFO, effective as of April 8, 2024. Prior to joining Gain, Gene was CFO at privately held Imcyse SA between 2021 and 2023.
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AUUD | Hot Stocks09:25 EDT Auddia up 193% in pre-market at $4.18 following issuance of core AI patent
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VVPR | Hot Stocks09:23 EDT VivoPower unit Tembo met all milestones for follow-on strategic investment - VivoPower International is pleased to announce that its subsidiary Tembo has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of $120M. This is pursuant to a commitment received in June 2023 from a UAE based private investment office backed by a member of the ruling Al Maktoum family of Dubai. The investor, under the agreement terms, can exercise the option to increase its cumulative investment in subsequent closings, up to $10M based on milestones which have now all been met. VivoPower will continue to retain its majority stake in Tembo. Tembo recently announced a binding heads of agreement to execute a business combination agreement with CCTS, a NASDAQ listed SPAC at an indicative pre money equity valuation of $838m.
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ASPI | Hot Stocks09:23 EDT ASP Isotopes enters contract with small modular reactor company - ASP Isotopes has entered into a contract with a U.S.-based SMR company, pursuant to which the Company will engage in certain activities related to preliminary engineering design and planning for an enrichment facility for the production of nuclear fuels that are expected to be used in next-generation nuclear reactors in exchange for payments by the SMR company of certain fees. Under the contract, the Company received an upfront payment and is eligible to receive additional payments based on the achievement of certain regulatory and key deliverable milestones, of up to an aggregate of $2.0 million.
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UCAR | Hot Stocks09:22 EDT U Power up 65% at $7.75 after announcing launch of EV battery swapping system
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ORAAF | Hot Stocks09:21 EDT Aura Minerals on track to achieve 2024 production view of 244,000-292,000 GEO - Aura Minerals announced Q1 2024 preliminary production results from the Company's four operating mines: Aranzazu, Apoena, Minosa, and Almas. Total production in Q1 2024 reached 68,181 gold equivalent ounces, stable compared to Q4 2023 and 28% above the same period of last year, mainly due to Minosa's performance due to operational improvements in 2023, and Almas. At constant metal prices, production was stable compared to Q4 2023 and increased by 35% compared to Q1 2023. Total production for Q1 2024 was either at or above the Company's expectations across all its operating mines, which positions the Company to remain on track to achieve Consolidated Production Guidance of between 244,000 - 292,000 GEO for 2024. Q1 2024 Highlights: At Aranzazu, production was 25,001 GEO. Production was 5% lower compared to Q4 2023 and 5% above Q1 2023 at constant metal prices, due to mine sequencing and in line with the Company's expectations, demonstrating its stability and consistent performance quarter after quarter. At Apoena, production was 12,105 GEO, 20% lower in Q1 2024 compared to the previous quarter and 5% below Q1 2023 due to lower grade fed in the plant and mine sequencing. Production was in line with the Company's expectations, considering mine sequence, as there were remaining tonnes of Ernesto from last year, concluding its operations this quarter. At Minosa, production was 19,186 GEO for the quarter, representing a 7% increase compared to the previous quarter and 36% increase over Q1 2023, mostly due to an increase in the volume of stacked ore and higher recovery rates. This marks the fifth consecutive quarterly increase in production due to an increased focus on operational efficiencies including the implementation of the stacking system during Q3 2023. At Almas, production in Q1 2024 reached 11,889 GEO, marking a 24% increase compared to the previous quarter. This notable improvement can be mainly attributed to a series of initiatives implemented at the mine operations aimed at recovering productivity and overcoming challenges faced during the third and fourth quarters of 2023. Rodrigo Barbosa, Aura's President and CEO commented, "Aura kicked-off 2024 on a positive note, as all mines operated at or exceeded the Company's expectations. Notably, both Minosa and Almas demonstrated our capacity to overcome operational challenges through enhancements and strategic initiatives aimed at bolstering mine performance, and we will continue to prioritize efforts across the rest of the assets. With this quarter's performance, we reiterate our confidence to meet our 2024 Production Guidance. Furthermore, in light of the recent considerable rise in gold prices together with our tight control over our costs, we anticipate robust cash flows from our four operating mines this year, while we continue advancing on budget and on time to deliver the Borborema project by early 2025."
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MSC | Hot Stocks09:19 EDT Studio City Finance announces tender offer for up to $100M of senior notes - Studio City Finance has initiated a cash tender offer for up to an aggregate principal amount of $100M of its outstanding 6.000% senior notes due 2025. The Tender Offer is being made upon and is subject to the terms and conditions set out in the Offer to Purchase, dated April 8, 2024. The Tender Offer will expire at 5:00 p.m., New York City time, on May 6, 2024, unless extended or terminated by Studio City Finance. Tenders of the Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on April 19, 2024, but may not be withdrawn thereafter except in certain limited circumstances where additional withdrawal rights are required by law. The consideration for each $1,000 principal amount of Notes validly tendered on or prior to 5:00 p.m., New York City time, on April 19, 2024, and accepted for purchase will be $1,000, which includes an early tender premium. The consideration for each $1,000 principal amount of Notes validly tendered after the Early Tender Date and on or prior to the Expiration Time and accepted for purchase will be $970. Notes will be accepted only in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The Notes may be subject to proration if the aggregate principal amount of the Notes validly tendered would cause the Maximum Tender Amount to be exceeded. The settlement for Notes validly tendered on or prior to the Early Tender Date and accepted for purchase is expected to occur on April 24, 2024 . The settlement for Notes validly tendered following the Early Tender Date but on or prior to the Expiration Time and accepted for purchase is expected to be May 8, 2024. If the Tender Offer is fully subscribed as of the Early Tender Date, holders who validly tender Notes following the Early Tender Date will not have any of their Notes accepted for payment unless Studio City Finance increases the Maximum Tender Amount.
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JAKK | Hot Stocks09:18 EDT Jakks Pacific announces partnership with Epic Story Media, terms undisclosed - JAKKS Pacific announces a new partnership with Epic Story Media Epic to launch a robust content and licensing program around their new IP, Wild Manes. Wild Manes is a whimsical world of horses, food, friends, flair and fun, galloping onto the scene in Summer 2024. Epic is set to produce and globally distribute the brand's animated series. The short form series is developed and produced by Epic Story Media, animated with its 2D studio, Loomi Animation. The series has been written by Shelia Rogerson, led by creative producer, Cheryl Hassen and directed by Tahir Rana. Forty fun-filled 5-minute episodes will run on YouTube Kids and other OTT platforms this summer...The Wild Manes toys and animated series will be showcased at this year's Licensing Expo, taking place from May 21-23 in Las Vegas, Nevada...
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TCON | Hot Stocks09:14 EDT Tracon Pharmaceuticals announces 1-for-20 reverse stock split - TRACON Pharmaceuticals announced that, following stockholder approval at the special meeting of stockholders held on September 6, 2023 of a proposal authorizing the board of directors of the Company to amend the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company's outstanding common stock at a ratio in the range of one-for-five to one-for-twenty, the Company's Board today approved a reverse stock split of the Company's common stock at a ratio of one-for-twenty. The effective time of the reverse stock split is 5:00 p.m. ET on April 9, 2024. Shares of the Company's common stock will begin trading on a split-adjusted basis commencing upon market open on April 10, 2024. As a result of the reverse split, each 20 shares of the Company's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, par value $0.001 per share, and there are now approximately 2.6 million shares of common stock issued and outstanding. The shares of the Company's common stock will trade under a new CUSIP number, 89237H308, effective April 10, 2024, and continue to be listed on the Nasdaq Capital Market under the symbol "TCON". All stock options and warrants of the Company outstanding immediately prior to the reverse stock split have been proportionally adjusted.
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LUNA | Hot Stocks09:13 EDT Luna Innovations announces receipt of notice from Nasdaq - Luna Innovations announced that it has received a written notice on April 2, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that because the Company has not yet filed its Form 10-K for the year ended December 31, 2023, it is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This Notice has no immediate effect on the listing of the Company's shares on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company's common stock will be subject to delisting from Nasdaq.
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MLCO | Hot Stocks09:13 EDT Melco Resorts Finance announces proposed senior notes offering - Melco Resorts Finance proposes to conduct an international offering of senior notes, the net proceeds from which will be used to make a partial repayment of the principal amount outstanding under the revolving credit facility, together with accrued interest and associated costs, pursuant to a senior facilities agreement entered into by MCO Nominee One Limited, a subsidiary of Melco Resorts Finance, on April 29, 2020, and for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited. The New Notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance's existing and future senior indebtedness. Melco will not be a guarantor of the New Notes . The interest rate and other terms of the New Notes will be determined at the time of pricing of the offering. Completion of the proposed offering of the New Notes is subject to market conditions and investor interest. As no binding agreement in relation to the proposed offering of the New Notes has been entered into as at the date of this press release, the proposed New Notes may or may not be issued.
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STT | Hot Stocks09:13 EDT State Street's research team announce partnership with Daniel Drezner - State Street Corporation announced a new partnership with Daniel Drezner, Professor of International Politics at The Fletcher School, the graduate school of global affairs at Tufts University, as its newest academic partner to provide counsel and fresh perspective for clients seeking to navigate the growing complexities of geopolitical risk. "We are thrilled to announce this partnership with Professor Drezner as his extensive experience in international economics, coupled with his deep understanding of global politics, will further enhance our ability to deliver incisive analysis on geopolitics," said Will Kinlaw, head of research for State Street Global Markets. "Our clients are increasingly contemplating the risk of ongoing and potential conflicts around the world as well as several high-stakes, national elections."
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MLCO | Hot Stocks09:12 EDT Melco announces extension of maturity date of revolving credit facilities - Melco Resorts & Entertainment announces that the maturity date of its HK$14.85B revolving credit facility has been extended from April 29, 2025 to April 29, 2027. The 2020 Credit Facilities were originally established pursuant to a senior facilities agreement dated April 29, 2020, entered into between, among others, MCO Nominee One Limited, a subsidiary of Melco, as borrower, and Bank of China Limited, Macau Branch as agent, and was amended and restated pursuant to an amendment and restatement agreement dated June 29, 2023, to include the term Secured Overnight Financing Rate as a benchmark rate for loans denominated in U.S. dollars. The extension was made pursuant to a second amended and restated facility agreement dated April 8, 2024. Key terms such as facility size, pricing and financial covenants remain unchanged. In connection with the 2024 Amendment and Restatement Agreement, MCO Nominee One agreed to pay a customary fee to the consenting lenders.
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INTC... | Hot Stocks09:11 EDT R2 Semiconductor files new patent infringement lawsuit against Intel in France - R2 Semiconductor, a Third Point Ventures portfolio company, announced it has filed a patent infringement lawsuit in Le Tribunal Judiciaire de Paris against the French subsidiaries of Intel Corp (INTC) and its customers, Dell Technologies (DELL) and Hewlett Packard Enterprise Company and HP (HPQ). The filing comes shortly before the April 16 start of trial on the same European patent against Intel in the U.K.'s High Court of Justice, Patents Court in London. "The invention we are protecting in Germany, the U.K., and now in France, is protected by patent throughout all of Europe. R2 is fortunate to have the means to enforce our rights to stop this egregious behavior by Intel," said R2 CEO David Fisher. "R2's integrated voltage regulation technology is critical to Intel's products in the PC, laptop, and server markets, yet R2 receives no recognition or compensation for our innovation, which was the result of years of work and effort. We are fully prepared to enforce the injunction in Germany, and look forward to the chance to demonstrate that Intel's products should be similarly enjoined, and damages paid, in the U.K. It is unfortunate that we must now seek further relief in other European countries, like France, but Intel seems intent on fighting in court as opposed to doing the right thing."
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NET BAH | Hot Stocks09:10 EDT Booz Allen, Cloudfare now delivering rapid incident response - Cloudflare (NET) announced a collaboration with Booz Allen Hamilton (BAH), to support enterprises under attack by providing expedited Under Attack as a Service with 30-Day Rapid Response DDoS Mitigation, including continuous monitoring and protection. Under this new agreement, Booz Allen's Global Commercial clients facing a cyber attack will be connected to Cloudflare for immediate Incident Response. Now, Booz Allen clients that may fall victim to cyber attacks have a fast track to support when they need it most. "Cloudflare is known for being able to stop the largest cyber attacks in the world. We stand ready, now working with Booz Allen, to onboard and work hand-in-hand with organizations for immediate protection during the most pressing times," said Mark Anderson, President of Revenue, Cloudflare. "Across the commercial sector, we are seeing attacks increase as threat vectors expand. Whether a domain is down, or the client is facing ransomware, any business under attack can rely on us for rapid response and mitigation."
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CELU | Hot Stocks09:09 EDT Celularity data showing senescent cell elimination to be presented at ASGCT - Celularity announced that it will present in vitro data from its investigational natural killer NK cell therapy programs at this year's American Society of Gene and Cell Therapy ASGCT Annual Meeting. The preclinical data, which suggest that Celularity's placenta-derived unmodified natural killer NK cells CYNK-001 and genetically modified NK cells CYNK-201 may serve as potent and selective senolytic agents for use in addressing age-related diseases, will be presented on May 9. "Celularity believes in the broad, but so far underrealized, potential of cell therapies. We continue to investigate cellular immunotherapy in age-related diseases, and these data are an important, continued step in demonstrating how our therapeutic assets may be used to eliminate senescent cells," said Celularity's CEO and Founder Dr. Robert Hariri, M.D., Ph.D. "Removing these aging, senescent cells, which we have termed 'senoablation,' may represent an important clinical approach to address the high societal cost of age-associated diseases and disabilities." The ASGCT Annual Meeting will take place on May 7 through 11 in Baltimore, Md.
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BGOPF | Hot Stocks09:08 EDT Bango, NHN Corporation agree to wind down NewDeep Limited JV - Bango and NHN Corporation, the two shareholders of the NewDeep Limited joint venture have agreed that it is in the best interests of both shareholders to wind down the joint venture. And, to transfer the technology developed in the joint venture to Bango and NHN so both can use it without restriction in their respective core businesses.
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ASTC | Hot Stocks09:05 EDT Astrotech announces listing to the GSA as approved U.S. government vendor - Astrotech and its wholly owned subsidiary, 1st Detect Corporation announce that 1st Detect's TRACER 1000TM is now listed in the U.S. General Services Administration GSA IT Schedule 70 under Contract No. GS-35F-250GA with SRI Group Special Item Number 334290. IT Schedule 70 is a long-term contract issued by the GSA to commercial technology vendors that allows sales to the U. S. federal government, one of the largest buyers of goods and services in the world. GSA's thorough evaluation determined that 1st Detect's pricing is fair and reasonable, that 1st Detect had the requisite capabilities, organizational structure, customer satisfaction and performance history, and that the offered products and services are compliant with applicable laws and regulations.
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BECN | Hot Stocks09:05 EDT Beacon adds service in Atlantic Canada, Minneapolis markets - Beacon announced that it has opened new locations in Dieppe, New Brunswick, Canada and Spring Lake Park, Minnesota to serve residential and commercial roofing contractors. The new branch in Dieppe, New Brunswick will serve the Atlantic Canada region. "We are pleased to add service in our seventh Canadian province. Construction is on an upswing in this market due to population growth and our branch is well positioned to provide a strong catalog of both residential and commercial roofing products. Contractors will appreciate our team's knowledge and service commitment to help them grow their businesses," commented Charles Michaud, Beacon's Regional Vice President, Canada.
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TRUG | Hot Stocks09:05 EDT TruGolf releases E6 APEX software product - TruGolf Holdings announced the launch of the first phase of TruGolf's new simulator software product, E6 APEX. Released March 28, 2024, this first phase features stunning graphic fidelity and delivers a robust training experience that augments the popular E6 CONNECT. The E6 APEX Improvement Suite features new and dynamic weather, lighting, and environmental effects that drive a realistic and immersive golf experience. TruGolf's recently released simulator software includes a robust practice suite with 9 Practice Areas and countless options for driving, chipping, and putting to challenge golfers of all skill levels to improve their game. The E6 APEX Improvement Suite also releases with a powerful new Bag Mapping module that enables golfers to explore their performance and track improvement for every club in their bag with Dispersion Groupings, Gapping Charts, and Shot Accuracy graphs.
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STRC PDYN | Hot Stocks09:04 EDT Palladyne AI changes ticker symbol to PDYN - Palladyne AI announced that effective as of the market open today, April 8, 2024, the Company's ticker symbols have changed from Nasdaq: STRC and STRCW to Nasdaq: PDYN and PDYNW. The Company's intent to adopt the new ticker symbols was previously announced on March 18, 2024 when it announced its name change to Palladyne AI Corp. from Sarcos Technology and Robotics Corporation. "The updated PDYN ticker symbol is the latest step as part of our pivot to focus our business on our novel AI software platform that is intended to enable stationary and mobile robots to perform tasks that previously couldn't be automated or that required human intervention," said Ben Wolff, President and CEO. "Our Edge AI software platform enables robots to reason in a manner similar to humans, using far less training time, data and power than today's state-of-the-art deep learning methods, while learning and performing complex tasks that incorporate variations in the environment and objects being manipulated."
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CMCXF | Hot Stocks09:04 EDT North Bay Resources to acquire 55.5% of Bishop Gold Mill - North Bay Resources has entered into a share purchase agreement to acquire 55.5% of the Bishop Gold Mill, located six miles north of Bishop, Inyo County, California. The mill has a flotation circuit designed to process up to 96 tons per day. The Company proposes to operate the Bishop Gold Mill in the near to medium term. The mill is currently permitted for operation subject to various conditions and minor infrastructure completions. The Company has entered into an agreement with the note holder, CMC Metals, and the current owner 1436132 BC Ltd., a private Canadian company, to acquire 55.5% of 0877887 BC, whose primary asset is the Bishop Gold Mill. Within this transaction, North Bat acquires 55.5% of 087 by assuming the amended cash payment and common share transfers to CMC as follows: Cash Payments: $12,500 payable on signing; $12,500 payable on May 1, 2024; $12,500 payable on June 1, 2024; $12,500 payable on July 1, 2024; $50,000 payable on or before July 11, 2024. Share Payments: $200,000 CAD in common shares of North Bay to be delivered on signing; $200,000 CAD in common shares of North Bay to be delivered on or before July 11, 2024. The Company may buy back the shares at $0.0002 for 90 days from issuance and at $0.0004 for up to 3 years. 1436132 BC Ltd. still remains responsible for the remaining payments and share transactions to acquire a 100% interest of 087 from CMC as announced on September 19, 2023 and November 1, 2023. North Bay now becomes the operator of the project. The Company CEO, Jared Lazerson is the CEO and a shareholder of 1436132 B.C. Ltd, but has no affiliation with CMC.
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DAIO | Hot Stocks09:03 EDT Data I/O announces major milestone with 500th PSV system sale - Data I/O Corporation announced the Company has achieved a major milestone with the sale of the 500th PSV automated programming system. This milestone is a testament to Data I/O's continued innovation, investment, and leadership in programming technology for the automotive, industrial and consumer markets and signifies the PSV family as the most successful automated programming system in the industry. "Rapidly changing silicon technology, growing file sizes, increasing security requirements, and the connected smart factory create unique programming challenges for electronics manufacturers, threatening their ability to keep up with production demands. Our customers need a trusted programming platform that can grow and meet their ever-changing requirements. The PSV family helps them address these challenges," said Anthony Ambrose, President and CEO at Data I/O Corporation. "Data I/O's dedication to continuous innovation enables our customers to maximize their programming performance to meet these ever-increasing production requirements. Because of our substantial, ongoing investment and our upgrade strategy for PSV systems in the field, customers can leverage their existing Data I/O programming technology for years to come to achieve the lowest total cost of ownership."
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SYF | Hot Stocks09:03 EDT Synchrony announces partnership with BRP - Synchrony announced a new partnership with BRP U.S., a powersports and marine products company. Synchrony will now provide BRP's U.S. dealers with installment financing options on its line of powersports products. Synchrony will allow BRP dealers to offer secured installment loan products, which includes an online or in-dealership application process, as well as flexible financing terms up to 84 months. As a result, BRP will further expand its consumers' ability to access their preferred products.
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CAUD | Hot Stocks08:58 EDT Collective Audience to acquire DSL Digital, terms not disclosed - Collective Audience entered into a definitive agreement to acquire DSL Digital, a provider of Marketing-as-a-Service solutions powered by proprietary AI technology. For Collective Audience, the acquisition is expected to form the foundation of a new AudienceServices group. Founded in 2019, DSL Digital has been providing digital performance advertising and marketing services to select global brands, including a market leader in enterprise application software and a Global 500 multinational professional services company. For these premier clients, the marketing services have included executing thousands of campaigns across hundreds of countries and involving multi-million dollar advertising spend. DSL Digital utilizes a proprietary set of AI-powered performance advertising tools to simultaneously run hundreds of performance advertising campaigns to continually improve performance metrics and outperform industry benchmarks. Collective Audience plans to productize DSL Digital's tool sets and integrate them with the existing modules in the company's AudienceCloud platform. DSL Digital's 20-member team, based in the U.S., Canada and Europe, is expected to join Collective Audience upon completion of the acquisition and lead the integration. Collective Audience anticipates the acquisition to generate significant revenue and positive EBITDA, and be consummated in an all-stock transaction according to the definitive acquisition agreement. The transaction is expected to close before the end of the current quarter.
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MTEK | Hot Stocks08:57 EDT Maris-Tech gets order for approximately $110,000 for surveillance solutions - Maris-Tech announced that it has received a new order for approximately $110,000 from an existing customer in the defense industry, for a unique solution based on the technology of the Company's Mars platform of miniature intelligent surveillance solutions that provide advanced video streaming and recording capabilities. Based on this order, Maris-Tech will develop a novel, miniaturized, low-power system with narrow-band wireless communication designed for intelligence gathering and other defense applications. The "Maris-Tech is positioned as a global leader in developing intelligent video transmission and miniaturization technologies. We continue to demonstrate the capabilities of our integrated solutions to support a wide range of intelligence gathering and defense applications and meet evolving demands of modern warfare, as evidenced by new orders from returning customers," said Israel Bar, CEO of Maris-Tech.
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JAGX | Hot Stocks08:57 EDT Jaguar Health granted extension to regain Nasdaq compliance - Jaguar Health announced that on April 5, 2024 the Company received formal notice that the Listing Qualifications Staff of The Nasdaq Stock Market has granted Jaguar an additional grace period, through August 13, 2024, to regain compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market. To evidence compliance, the Company must report a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days on or before August 13, 2024. Jaguar's paramount near-term clinical activity is the Company's Phase 3 pivotal OnTarget trial of crofelemer for the follow-on indication of the preventative treatment of cancer therapy-related diarrhea. Top line results from this pivotal study are forthcoming. The Company's common stock will continue to trade on Nasdaq under the symbol 'JAGX' pending the ultimate decision of any appeal process, and Jaguar's board remains committed to taking all required steps to remain in compliance with Nasdaq's listing standards.
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TPCS | Hot Stocks08:56 EDT TechPrecision announces termination of agreement to acquire Votaw - TechPrecision Corporation announced the termination of the Stock Purchase Agreement dated November 22, 2023, between TechPrecision and Doerfer Corporation to acquire Votaw Precision Technologies. On Tuesday April 2, 2024, Doerfer simultaneously notified us that it was terminating the SPA effective immediately and by separate term sheet offered to reinstate the SPA and extend the outside closing date in exchange for material concessions from the Company. After several days of negotiating the terms of the proposed reinstatement and extension, the Company and Doerfer failed to reach agreement and the SPA remains terminated. Pursuant to Section 7.02(a), Doerfer is expecting the Company to issue 320,000 shares of TechPrecision to Doerfer. The Company is presently reviewing the situation. As part of the now terminated acquisition financing, we engaged in confidential discussions with potential investors under Non-Disclosure Agreements pursuant to which we agreed, limited to the extent necessary, to publicly disclose certain information including certain material non-public information. We are now making the Cleansing Information to the public available as part of this press release. This Cleansing Information was based solely on certain information made available to the Company as of the date of the Cleansing Information and was not prepared with a view toward public disclosure. The Cleansing Information has not been updated since it was produced and neither we nor any third party has made or makes any representation to any person regarding the accuracy of any Cleansing Information or undertakes any obligation to publicly update the Cleansing Information to reflect circumstances existing after the date when the Cleansing Information was prepared or conveyed or to reflect the occurrence of future events. All who read these documents should understand that circumstances and situations may, if they have not already changed, could and will likely change in the future and to take that into account. The Cleansing Information should not be relied upon by any party for any reason.
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ENTX | Hot Stocks08:54 EDT Entera Bio publishes data on oral PTH peptide tablet for osteoporosis in JBMR - Entera Bio Ltd announced that data from the Phase 2 Trial of its lead clinical compound, EB613 Oral PTH Tablets for the Treatment of Post-Menopausal Women with Low BMD or Osteoporosis compared to placebo were published in the Journal of Bone and Mineral Research JBMR .Miranda Toledano, CEO of Entera, commented, "We are excited to share that data from our successful Phase 2 study of EB613 has been accepted and now published in the prestigious JBMR. We believe EB613 addresses the current treatment gap in osteoporosis as the first oral, osteoanabolic bone building once-daily tablet treatment due to its unique format and potential dual mode of action. We remain highly committed to moving EB613 forward to meet the needs of patients."We conclude that this PTH tablet might be the first effective orally administered bone building medication and should be studied further in treatment of women with osteoporosis.
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IFN | Hot Stocks08:54 EDT India Fund announces Rights Offering - The Board of Directors of The India Fund has approved the terms of the issuance of transferable rights to the holders of the Fund's common stock of beneficial interest as of the record date, entitling the holders of those Rights to subscribe for Common Stock. The Board, based on the recommendations and presentations of abrdn Asia Limited, the Fund's investment manager, and others, has determined that it is in the best interests of the Fund and the Common Stockholders to conduct the Offer and seek to increase the assets of the Fund available for investment to take advantage of existing and future investment opportunities that are or may become available. The Offer seeks to provide an opportunity to existing Common Stockholders to purchase Common Stock at a discount to market price. The Fund will distribute to Common Stockholders of record as of the record date, which is currently anticipated to be April 18, 2024, one Right for each share of Common Stock held on the Record Date. Record Date Stockholders will be entitled to purchase one new share of Common Stock for every three Rights held; however, any Common Stockholder who owns fewer than three shares of Common Stock as of the Record Date will be entitled to subscribe for one share of Common Stock. Fractional shares of Common Stock will not be issued. The proposed subscription period is currently anticipated to commence on the Record Date and expire on May 14, 2024, unless extended by the Fund. The Rights are transferable and are expected to be admitted for trading on the New York Stock Exchange under the symbol "IFN RT" during the course of the Offer. Rights may be exercised at any time during the subscription period. The subscription price per share of Common Stock will be determined on the Expiration Date and will be based upon a formula equal to 92.5% of the average of the last reported sales price of a share of Common Stock on the NYSE on the Expiration Date and each of the four immediately preceding trading days. If, however, the Formula Price is less than 93% of the Fund's net asset value per share of Common Stock at the close of trading on the NYSE on the Expiration Date, the Subscription Price will be 93% of the Fund's NAV per share of Common Stock at the close of trading on the NYSE on that day. The estimated Subscription Price has not yet been determined by the Fund. Record Date Stockholders who exercise all their Rights will be eligible for an over-subscription privilege entitling Record Date Stockholders to subscribe, subject to certain limitations and allotment, for any additional shares of Common Stock not purchased pursuant to the primary subscription.
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CAPT | Hot Stocks08:52 EDT Captivision enters partnership with Framework - Captivision announces a partnership with Framework and a prominent entertainment and streaming service partner to bring an immersive experience to the Framework in the Desert afterparty in Coachella Valley during the upcoming festival weekend. Captivision will deliver a unique media glass installation over three nights from Friday, April 12 through Sunday, April 14. The strategic partners are creating a revolutionary experience through Captivision's innovative media glass installed on modified freight containers. This collaboration marks the inception of a new area of strategic focus for Captivision dedicated to pushing boundaries and redefining the live entertainment experience. The Captivision installation will play digital content from the entertainment partners and Framework including art, trailers, and advertisements throughout the Framework in the Desert event at the Atlantic Aviation airport hangar in Thermal, California. Framework in the Desert, a renowned festival afterparty featuring top electronic music artists, is expected to generate over 80,000 physical impressions and over 1,000,000 social impressions through the weekend.
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CLRD | Hot Stocks08:50 EDT Clearday to host watch event for the Solar Eclipse - Clearday announced that Clearday Club Leon Valley is hosting a watch event for the Solar Eclipse. The Clubs' Solar Eclipse event will highlight engagement activities involving astronomy with a focus on the Stars, the Sun and the Moon! We are planning the day's menu around the sun as a theme - such as Sun Chips, raisins and Sunkissed products. The highlight of the day will be the 1 1/2 hours outdoors in a secure environment so all of our members are safe and not at risk to a "silver alert." All participants will get Solar Eclipse glasses to protect their vision
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CHRS | Hot Stocks08:50 EDT Coherus data show CHS-1000 acts to reverse myeloid suppression - Coherus BioSciences presented preclinical data for its immuno-oncology pipeline candidate, CHS-1000, a novel ILT4 monoclonal antibody, at the 2024 AACR Annual Meeting being held in San Diego, California. Data presented show CHS-1000 is a potent monoclonal antibody that binds selectively to human ILT4 also known as LILRB2 with high affinity, efficiently blocking interaction with its ligands and reversing immunosuppressive functions, leading to activation of human dendritic cells and T cells and promoting polarization of macrophages to an inflammatory M1 phenotype. "Myeloid cell-mediated immunosuppression in the tumor microenvironment is a major contributor to tumor immune invasion and PD-1 resistance. The data presented in this poster demonstrate the potential for CHS-1000 to reverse myeloid suppression and activate an inflammatory immune response. The CHS-1000 IND submission is planned for Q2 2024
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MULN | Hot Stocks08:48 EDT Mullen Automotive initiates cost reduction, consolidation measures - Mullen Automotive announced the Company has initiated significant cost reduction and consolidation measures, aligning budget to current conditions. Actions are expected to drive an estimated $170 million reduction in the Company's operating and investing cash flow expenses over the next 12 months when compared to operating and investing cash flows for the 12 months ended Sept. 30, 2023. Operating and investing cash flows were $179 million and $108 million, respectively, for the 12 months ended Sept. 30, 2023. Reductions in operating cash flows are estimated to be approximately $69 million and investment spending is estimated to contract by $101 million over the next 12 months when compared to the Company's spend over the last fiscal year. Mullen is making these changes to refine business operations and better align focus on the commercial EV segment that has opportunity to drive near term revenue for the Company, including projected April sales of 100 commercial EVs by Randy Marion Automotive Group. The overall changes are focused on long-term growth and are intended to reduce the Company's costs during a time when the consumer EV sector and overall market has proved challenging. These actions are intended to reduce the company's operating outlay when compared to the previous fiscal year. The Company's planned changes include the following: Prioritizing near term revenue opportunities and significantly curtailing noncommercial programs; Integration of Troy and Irvine engineering centers with focus on building efficiency through consolidation; Focus on expanding national commercial dealer network.
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ROP ADBE | Hot Stocks08:46 EDT Roper Technologies appoints John Murphy to board of directors - Roper Technologies (ROP) announced that John F. Murphy has joined the Company's Board of Directors. Murphy most recently served as Executive Vice President and Chief Financial Officer of Adobe (ADBE).
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CRMD | Hot Stocks08:45 EDT CorMedix enters commercial agreement with ARC Dialysis - CorMedix has entered into a 5-year commercial supply contract with Florida-based dialysis provider, ARC Dialysis, LLC for the supply of DefenCath. CorMedix received NDA approval of DefenCath under the Limited Population Pathway for Antibacterial and Antifungal Drugs on November 15, 2023, and expects to begin commercialization of the product in the inpatient setting on April 15th. CorMedix is committed to building meaningful long-term relationships with dialysis providers that are dedicated to innovation and infection reduction. ARC Dialysis, a Miami-based medium-sized dialysis organization, provides inpatient dialysis services to approximately 100 inpatient facilities, and is the operator of 18 outpatient dialysis units throughout Florida.
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SMFL | Hot Stocks08:42 EDT Smart for Life to acquire Purely Optimal Nutrition, terms not disclosed - Smart for Life has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. "This acquisition is another validation of our 'Buy-and-Build' strategy designed to establish Smart for Life as a major international force in the Health & Wellness sector," stated Darren Minton, CEO of Smart for Life. "We could not be more excited to extend our offering to include Purely Optimal's broad product line, which includes dozens of high-quality supplements. Purely Optimal is currently generating estimated revenue in excess of $8 million and over $1 million of Adjusted EBITDA for the trailing twelve months. In addition, the favorable impact and synergies with our manufacturing operations cannot be overstated. The Purely Optimal management team has created a world class brand with a deep and loyal customer base. We believe that Smart for Life can help further support and monetize that customer base with some substantial brand extensions, particularly in the area of the creation of Purely Optimal nutritional food products, formulated and manufactured at our FDA certified facility." The acquisition is expected to close within the next eight weeks and is subject to financing and customary closing conditions.
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NVCT AZN | Hot Stocks08:41 EDT Nuvectis says NXP900 demonstrates robust activity in NSCLC - Nuvectis Pharma (NVCT) recapped poster highlights from the 2024 American Association for Cancer Research AACR conference demonstrating highly synergistic antiproliferative activity in epidermal growth factor receptor EGFR resistant non-small cell lung cancer NSCLC cells of NXP900 in combination with osimertinib, the active ingredient in TagrissoTM, an EGFR inhibitor approved for the treatment of NSCLC. The data reported, which confirms data previously published by the research team at Astra Zeneca (AZN), demonstrated that the combination reverses resistance to osimertinib versus osimertinib alone. In addition, NXP900 demonstrated potent, single agent, antiproliferative activity in anaplastic lymphoma kinase ALK -resistant NSCLC cells and synergistic effects in combination with alectinib in alectinib sensitive cells. Alectinib is the active ingredient in AlecensaTM, an ALK inhibitor approved for the treatment of NSCLC...Ron Bentsur, Chairman and Chief Executive Officer of Nuvectis, commented, "We are very pleased to be able to independently confirm the data previously published by the research team at Astra Zeneca, demonstrating the ability of NXP900 to reverse resistance to osimertinib in osimertinib resistant NSCLC cell lines, when administered in combination with osimertinib. We are also pleased with NXP900's potent single-agent activity in NSCLC cells resistant to alectinib."
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KULR | Hot Stocks08:41 EDT KULR Technology receives award to supply SafeCASEs to eVTOL company - KULR Technology Group announces a significant expansion in the application of its proprietary and patented SafeCASE technology. KULR has received an initial award to supply SafeCASES to a leading electric vertical take-off and landing company. This partnership underscores the versatility and efficacy of SafeCASE in ensuring the safe handling and transport of batteries across sophisticated production facilities. The contract with this eVTOL manufacturer not only signifies a pivotal shift towards innovative applications of SafeCASE, but also marks KULR's organic growth trajectory through the burgeoning electric aviation sector. Initially developed for the safe transport of damaged, defective, and recalled batteries to recyclers, SafeCASE is now set to transform and facilitate how batteries are stored during the engineering and production processes in large commercial manufacturing settings.
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ECOR | Hot Stocks08:39 EDT electroCore announces launch of Truvaga Plus for general wellness - electroCore announced the launch of its direct-to-consumer mobile app-enabled product for general wellness, Truvaga Plus, which will be available on www.truvaga.com beginning April 8, 2024. Key features of Truvaga Plus include: Mobile App Connectivity: Empowering users to control sessions, plan schedules, and track progress conveniently through our integrated mobile application. Unlimited Sessions: Providing users with the flexibility for prolonged usage and extended benefits, ensuring continuous support for achieving optimal wellness. Rechargeable: Enhancing sustainability and user convenience, Truvaga Plus features a rechargeable design for uninterrupted usage. Compact Design: Sleeker, smaller, and more portable, the new design of Truvaga Plus ensures enhanced user comfort and convenience. Truvaga Plus is available for purchase exclusively through electroCore's eCommerce platform, www.truvaga.com and comes with a 30-day risk-free money-back guarantee.
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LKNCY | Hot Stocks08:38 EDT Luckin Coffee files audited 2023 financial statements - Luckin Coffee has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission.
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MCHP TSM | Hot Stocks08:37 EDT Microchip deepens partnership with TSMC to expand 40 nm manufacturing capacity - Microchip Technology (MCHP) announced it has expanded its partnership with TSMC (TSM), to enable a specialized 40 nm manufacturing capacity at Japan Advanced Semiconductor Manufacturing or JASM, TSMC's majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan. This partnership is part of Microchip's ongoing strategy to build resiliency in its supply chain. Other initiatives include investing in additional technology to boost internal manufacturing capabilities and capacity, as well as establishing more geographical diversity and redundancy with wafer fab, foundry, assembly, test and OSAT partners...The TSMC partnership and JASM capacity adds more assurance to the manufacturing landscape, helping reduce Microchip's potential of disrupted supply by offsetting external factors such as frequently changing business conditions and natural disasters.
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VOD | Hot Stocks08:37 EDT Vodafone, Infinite Reality showcase AI-Onboard at Mobile World Congress - Infinite Reality in partnership with Vodafone showcased its groundbreaking automotive original equipment manufacturer onboarding service, AI-Onboard, at the recent Mobile World Congress 2024 in Barcelona. The full service is expected to launch in the summer of 2024, marking the first stage of a strategic partnership between iR and Vodafone. Mobile World Congress, which ran from February 26-29, 2024, is an annual trade show and one of the world's largest telecommunications, connectivity and technology events. MWC 2024 was attended by over 100,000 delegates, including the King of Spain, and served as a global platform for iR and Vodafone to unveil AI-Onboard. At the event, the AI-Onboard platform, built using capabilities from Vodafone's new platform Pairpoint, was given its first look, captivating hundreds of daily visitors with its demo and its potential to transform the automotive retail landscape. As one of the 23 innovative divisions of Vodafone showcased at the event, Pairpoint stood out with its cutting-edge technology, setting a new benchmark for the industry and quickly became one of the highlights of the event.
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FANG | Hot Stocks08:36 EDT Oklo signs LOI to supply 50 megawatts of power to Diamondback Energy - Oklo and Diamondback Energy signed a non-binding letter of intent, LOI, to collaborate on a 20-year Power Purchase Agreement. The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo. The proposed agreement focuses on engaging Oklo's Aurora powerhouses to supply reliable and emission-free electricity to Diamondback's operations in the Permian Basin. According to the terms of the LOI, Oklo intends to license, build, and operate powerhouses capable of generating 50 MW of electric power to Diamondback E&P LLC, a wholly owned subsidiary of Diamondback near Midland, Texas.
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EFSH | Hot Stocks08:35 EDT 1847 Holdings to acquire commercial cabinet maker - The company announced: "1847 Holdings LLC announced the execution of a non-binding Letter of Intent to acquire a large, established millwork, cabinetry and door manufacturer based in Las Vegas, NV. The Las Vegas-based target generated approximately $28.6 million in revenues, approximately $4.5 million in net income and approximately $5.2 million in adjusted EBITDA in 2023 and currently has almost a year's worth of contracted backlog booked for 2024. The purchase price for this transaction is $16.75 million and is expected to be completed during the third quarter of 2024, subject to the negotiation and entry into a definitive purchase agreement and the satisfaction or waiver of customary closing conditions. The proposed acquisition carries a purchase price of 3.2x 2023 EBITDA, and the Company expects to finance the entire transaction using debt."
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SISXF | Hot Stocks08:35 EDT Savaria acquires dumbwaiter, material lift assets of D.A. Matot - Savaria Corporation has acquired all the dumbwaiter and material lift assets of D.A. Matot. Founded in 1888, Matot has functioned as a family-owned business over the past 130 years, becoming a leading North American supplier of lifts used for the movement of goods in commercial and industrial applications. Dumbwaiters and material lifts are used in a wide range of activities, including within hospital and healthcare facilities, the hospitality sector, and a variety of retail and industrial settings. Matot's customer base includes current Savaria dealers as well as large passenger elevator companies. In 2023, Matot's dumbwaiter and material lift business generated $6.3 million in revenue with $1.1 million in EBITDA. To ensure a seamless transition for customers, Matot will continue to manufacture products on behalf of Savaria during an interim period as manufacturing activities are progressively transferred to Savaria's Brampton facility. The Kelair dampers business is not part of this transaction and remains with the Matot family.
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LPTV | Hot Stocks08:35 EDT Loop Media announces partnership with Adnimation to increase CTV ad revenue - Adnimation and Loop Media announced a new partnership. The partnership has already yielded incremental revenue for both companies since it began. This partnership allows Loop Media to enjoy Google's premium demand while still looking to maintain its existing demand to maximize competition and increase fill rates and CPMs across the Loop CTV network.
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OPTT RCAT | Hot Stocks08:34 EDT Ocean Power and Red Cat team on advanced maritime defense solutions - Ocean Power Technologies (OPTT) announced a strategic alliance with Red Cat Holdings,( RCAT) This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions..Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies, highlighted the importance of this alliance, stating, "Our collaboration with Red Cat aligns perfectly with our mission to advance maritime autonomy for defense and security missions among other applications. By combining our sustainable, ocean-powered solutions with Red Cat's advanced drone technology, we are setting a new standard for naval and border protection operations, ensuring increased mission endurance and range.".
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BX AIRC | Hot Stocks08:34 EDT Blackstone to take AIR Communities private for $39.12 per share in cash - Blackstone (BX) and Apartment Income REIT (AIRC), or AIR Communities, announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading day prior to the announcement of the transaction, and a 25% premium to the volume weighted average share price on the NYSE over the previous 30 days. The transaction was unanimously approved by the AIR Communities Board of Directors and is expected to close in the third quarter of 2024, subject to approval by AIR Communities' stockholders and other customary closing conditions. As a condition to the transaction, AIR has suspended payment of its quarterly dividend, effective immediately.
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WULF | Hot Stocks08:34 EDT TeraWulf announces $30M debt repayment - TeraWulf has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million.
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BIOR | Hot Stocks08:32 EDT Biora Therapeutics announces patent covering BioJet liquid jet delivery tech - Biora Therapeutics announced the issuance of a new patent related to the company's BioJet platform for oral, systemic delivery of biotherapeutics, which uses an ingestible device designed to achieve systemic uptake through liquid jet delivery to the small intestine. The United States Patent and Trademark Office has issued U.S. Patent No. 11,938,295 entitled, "Ingestible Device for Delivery of Therapeutic Agent to the Gastrointestinal Tract." The issued claims cover key jet parameters for liquid jet delivery of a drug to the gastrointestinal tract, including the stomach or small intestine.
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NRXP | Hot Stocks08:32 EDT NRx Pharmaceuticals achieves data-lock of Phase 2b/3 trial of NRX-101 - NRx Pharmaceuticals announced that the company has achieved data-lock in its Phase 2b/3 Suicidal Treatment Resistant Bipolar Depression Study with NRX-101. With data-lock, as forecast in last week's earnings call, the complete data set passed on for statistical analysis; top-line data release expected in April 2024. With positive data from this study and FDA comment, NRx becomes eligible to receive the balance of its first milestone (an additional $4M) from partners Alvogen and Lotus Pharmaceuticals. These partners would then be responsible for all future development costs in this indication. NRx retains rights for all other indications, including chronic pain and PTSD. NRx is then poised to receive $320M in further milestones along with mid-teen royalties on net sales.
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AMRN | Hot Stocks08:31 EDT Amarin highlights key data on mechanistic insights into eicosapentaenoic acid - Amarin Corporation highlighted three data presentations at ACC.24 showcasing the mechanistic activity of Eicosapentaenoic acid, including the potential effects of EPA on endothelial cell dysfunction and on oxidation of samples enriched with Lp(a). The studies and their key findings are outlined below: Eicosapentaenoic acid and a High Intensity Statin Enhanced Expression of Proteins for Detoxification of Reactive Oxygen Species during Angiotensin II Challenge in Endothelial Cells This analysis measured the separate and combined effects of EPA and rosuvastatin on expression of proteins involved in detoxification in vascular endothelial cells under inflammatory conditions with angiotensin II. The combination of EPA and rosuvastatin favorably modulated the expression of proteins related to oxidative stress and detoxification under disease-like conditions. These findings indicate that the net benefits of a high intensity statin and EPA, compared to statin alone, on expression of detoxification proteins during inflammation may contribute to reduced atherothrombotic risk in outcome trials. Eicosapentaenoic Acid and Rosuvastatin Modulate Expression of Endothelial Proteins that Regulate Function and Platelet Activity during Angiotensin II Stimulation In this analysis, investigators compared the separate and combined effects of EPA and rosuvastatin on expression of proteins that regulate platelet signaling and nitric oxide levels in human umbilical vein endothelial cells subjected to angiotensin II stimulus. The combination of EPA and rosuvastatin favorably modulated proteins involved in platelet degranulation and NO bioavailability in HUVECs under inflammatory conditions to a greater extent than their separate treatments. The beneficial effects of a high intensity statin and EPA on endothelial dysfunction may contribute to reduced atherothrombotic risk in outcome trials. Eicosapentaenoic Acid Inhibits Lipoprotein(a) Oxidation due to Scavenging Mechanisms In Vitro Elevated Lp(a) levels are an independent and causal risk factor for cardiovascular disease with limited treatments available. Oxidized Lp(a) stimulates foam cell formation, endothelial dysfunction, and inflammation. In this analysis, investigators tested EPA effects on oxidation of samples enriched with Lp(a) compared to the fully saturated eicosaenoic acid and Trolox, a water-soluble analog of Vitamin E. Investigators found that EPA inhibited oxidation of Lp(a) enriched plasma in a time-dependent fashion consistent with a free radical scavenging mechanism. The potent antioxidant actions of EPA may contribute to reduced CV events in REDUCE-IT, including among those subjects with elevated Lp(a).
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RY | Hot Stocks08:31 EDT Royal Bank of Canada CFO Nadine Ahn terminated effective immediately - On Friday evening, the company announced: "Royal Bank of Canada announced the appointment of Katherine Gibson as Interim CFO. She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately. RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate. The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases. As a result, the two individuals have had their employment terminated. The investigation found no evidence of conduct by the former CFO or the other employee with respect to the bank's previously issued financial statements, RBC's strategy or its financial or business performance. Ms. Gibson has been appointed interim CFO while a search is conducted."
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LOBO | Hot Stocks08:30 EDT Xinwu District in China announces pledge of support for LOBO EV - LOBO EV Technologies announced it received a pledge of support from the Xinwu District government in Jiangsu Province. This support, announced at a gala dinner celebrating LOBO's successful Nasdaq IPO, underscores the Company's role in spearheading the global electric mobility revolution from its base in Wuxi...Huajian Xu, CEO of LOBO, stated, "Our successful IPO on the Nasdaq marks not just a milestone for LOBO but a testament to our commitment towards innovation and excellence in the electric vehicle industry. Our guiding principles-Multi-model offerings, Quick delivery, Outstanding design and quality, coupled with cost Savings -are more than just a business strategy; they are a reflection of our dedication to meeting the evolving needs of our global customers while maintaining high standards of efficiency and affordability. This pledge of support from the Xinwu District government is a crucial step in our journey, empowering us to further innovate, expand, and lead the way in sustainable transportation solutions worldwide."
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MLAB | Hot Stocks08:29 EDT Mesa Labs announces amendment to credit facility, repurchase of notes - Mesa Laboratories announced the closing of its Amended and Restated Credit Agreement, which provides up to $200 million of senior secured debt through a syndicate of banks led by JPMORGAN CHASE BANK, N.A. The Credit Agreement includes a $75 million senior secured term loan facility and a $125 million senior secured revolving credit facility both of which mature in April 2029. The Credit Agreement includes a ten-year amortization schedule and no springing maturity relating to the Company's 1.375% Convertible Senior Notes due August 2025. Both the Term Loan and the Revolver bear interest at a rate of SOFR plus an applicable margin ranging from 1.5% to 3.5%, depending on the Company's total Net Leverage Ratio. Proceeds from the Term Loan and Revolver will be used to pay down the Company's 2025 Notes and for normal operating expenditures. The Credit Agreement also allows funds to be used for permitted acquisitions. Additionally, Mesa has entered into separate, privately negotiated transactions with certain holders of the 2025 Notes to repurchase $75 million aggregate principal amount of the 2025 Notes for an aggregate repurchase price in cash of $71.25 million. The repurchases are expected to close on or about April 11, 2024, subject to customary closing conditions. Following these repurchases, $97.5 million aggregate principal of the Company's 2025 Notes will remain outstanding, and the Company will have $125.5 million of long-term debt outstanding under its Term Loan and the Revolver
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GDC | Hot Stocks08:27 EDT GD Culture Group unveils short film 'Forgotten Planet' - GD Culture Group and its subsidiary, AI Catalysis unveil their latest venture into the convergence of art and AI technology with the debut of the captivating short film "Forgotten Planet" on the AI Catalysis website and social media platforms including Instagram, YouTube, X/Twitter, and LinkedIn, on April 5, 2024. The short film combines captivating storytelling with AI-generated video technology, aiming to push the boundaries of creativity and innovation in the filmmaking industry. "Forgotten Planet" transports viewers to the year 2079 AD, 110 years after mankind's first lunar landing. The gripping narrative follows Astronaut Mark, stranded on an enigmatic alien world following a catastrophic space mission failure.
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AUUD | Hot Stocks08:25 EDT Auddia announces issuance of core AI patent - Auddia announced the U.S. Patent and Trademark Office awarded Auddia with U.S. Patent 11,935,520 for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers. In addition to issuance of Patent 11,935,520, the Company has taken the next step in advancing the provisional patent application it filed last year related to leveraging AI to improve large language model prompts and the domain specific knowledge of proprietary GPTs. In February of 2024, the Company converted the previously filed provisional application to a non-provisional application. This conversion initiates the process for the patent office to review the application as the next step in pursuing patent protection. As the Company highlighted last year when filing the provisional application, the non-provisional patent application introduces two significant improvements to the LLM space. First, the proposed patent claims cover the development of new machine learning algorithms that use the rich data inherent in chat conversations to learn how to optimize prompts to more efficiently extract the best results from LLMs. Second, the patent covers capturing the AI generated prompt improvements and the enriched outputs of the LLMs to create new GPTs with industry specific domain expertise. Auddia intends to use this technology to create focused domain specific language models to introduce new B2B and B2C audio experiences.
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RSI | Hot Stocks08:24 EDT Rush Street Interactive appoints Brian Sapp as CMO - Rush Street Interactive announced the appointment of Brian Sapp to the newly-created role of Chief Marketing Officer. In his role as CMO, Brian brings a wealth of experience and a proven track record in leading data-driven marketing and live operations within the mobile industry and joins the Company's executive leadership team reporting directly to Richard Schwartz, Chief Executive Officer.
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CNK | Hot Stocks08:24 EDT D-BOX Technologies expands relationship with Cinemark - D-BOX Technologies is increasing its in-theater presence through an expansion of its relationship with Cinemark. Together, they will bring D-BOX's immersive haptic seats to more than 50 additional Cinemark auditoriums in 2024. The expansion emphasizes D-BOX's unwavering commitment to enhancing the theatrical experience for moviegoers, while solidifying its position as a pioneer in immersive technology innovation.
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GENE | Hot Stocks08:23 EDT Genetic Technologies, Humanise Health launch 'Know Your Risk' event - Genetic Technologies Limited announced an innovative partnership between GTG, and Humanise Health launching a "Know Your Risk" event featuring the company's unique Risk Assessment portfolio, to be held at The Langham, Pasadena, California on the 21st of May. This unique gathering is dedicated to empowering women by providing them with the knowledge and tools necessary for proactive management of their health, with a special focus on the advancements in genomics and personalised health strategies beyond the well-known BRCA1/2 genes.
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PBM | Hot Stocks08:22 EDT Psyence Biomedical partners with Fluence, iNGENu to train research therapists - Psyence Biomedical announced that its Australian subsidiary, Psyence Australia, has entered into a partnership with Fluence and iNGENu CRO, to support an upcoming Phase llb clinical trial. The trial will explore the efficacy and safety of psilocybin-assisted psychotherapy for the treatment of Adjustment Disorder due to a recent cancer diagnosis in the Palliative Care context. The double-blind, placebo-controlled Phase IIb study will test three doses of nature-derived psilocybin in 84 patients in conjunction with psychotherapy. Psyence Biomed anticipates enrolling the first subject in the second quarter of 2024 and expects the primary endpoint results to be available in 2025.
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LGND | Hot Stocks08:21 EDT Ligand announces new topiramate injection data - Ligand Pharmaceuticals Incorporated presented new data on Captisol-enabled Topiramate Injection, a potential replacement therapy for the treatment of certain emergent neurological conditions, including epilepsy, when oral administration is not feasible. The poster was featured at the 9th London-Innsbruck Colloquium on Status Epilepticus and Acute Seizures Conference in London, England. The authors presented modeling and simulations of IV topiramate dosing based on previous studies conducted by UMN faculty in healthy research participants and patients. In addition, preliminary pharmacokinetic data was presented from 25 healthy participants in a CURx ongoing randomized, single-center, open-label, cross-over clinical study for an investigational intravenous formulation of topiramate, an antiseizure and anti-migraine medication.
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FMST | Hot Stocks08:19 EDT Foremost Lithium provides update for drill program on Zoro Property - Foremost Lithium Resource & Technology provides a drilling progress update for its 2024 winter drill program on its Zoro Property located in the Snow Lake region of Manitoba. The Company reports that 2 holes targeting Dyke 1 have been completed with assay results confirming lithium mineralization spanning a cumulative length of 25.92m. Highlights in drill holes FL24-009 and FL24-010 include 1.52% Li2O over 5.02 m and 1.09% Li2O over 9.88 m. Dyke 1 hosts the Company's maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li2O, with a cut-off grade of 0.3%, as outlined in the Company's filed Regulation SK-1300 Technical Report Summary and NI-43-101 Technical Report. "We are very encouraged as we continue to expand the lithium mineralization on our maiden resource," states Jason Barnard, President and CEO of Foremost Lithium. "Foremost Lithium is striving to become a premier supplier of North America's lithium feedstock. Further resource development along with our continued business development, such as planned infrastructure, will pave the way to our continued growth. Dyke 1 currently contains 24,000 tons of lithium carbonate which, when converted, would be able to manufacture roughly 400,000 car batteries to power electric vehicles. With the potential to increase resource as drilling progresses - and as government regulation, such as the current U.S. administration's Inflation Reduction Act, incentivizes U.S. domestic supply - we look forward to future upside for our Company and shareholders."
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INMB | Hot Stocks08:19 EDT INmune Bio presents data on INB03's role as immune check point - INmune Bio is presenting data on the use of INB03, a dominant-negative tumor necrosis factor TNF inhibitor of soluble TNF sTNF in the treatment of high-risk MUC4 expressing HER2+ and triple negative breast cancer TNBC . INB03 is shown to decrease T cell and macrophage immune checkpoint proteins PD1, TIGIT, LAG3, CD47 and SIRPa in a model immunotherapy resistant HER2+ breast cancer and decrease the metastatic potential of TNBC by downregulating cell surface markers of tumor invasion . The two posters will be presented at the annual American Association of Cancer Research in San Diego on April 8, 2024."Dr. Schillaci has shown that MUC4 expression in high-risk breast cancer subtypes is a predictor of resistance to therapy due to an unfavorable immunobiology of the TME and increased metastatic potential that is driven by soluble TNF," said RJ Tesi M.D., CEO of INmune Bio. "Neutralization of soluble TNF changes a resistant tumor biology into one that is more favorable. All of the individuals involved in this project share the belief that prospectively determining MUC4 expression in high-risk breast cancer subtypes will guide therapy decisions and significantly impact patient outcomes."
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ORIC | Hot Stocks08:16 EDT Oric Pharmaceuticals presents preclinical data on ORIC-944, ORIC-613 - ORIC Pharmaceuticals announced two oral presentations on ORIC-944, a potent and selective allosteric inhibitor of PRC2, and presentation of a new discovery candidate, ORIC-613, an orally bioavailable, potent and selective PLK4 inhibitor, at the 2024 American Association for Cancer Research Annual Meeting. Presentation details: ORIC-944: a potent and selective allosteric inhibitor of PRC2; Discovery of ORIC-944, a novel inhibitor of PRC2 with potential best-in-class properties for the treatment of prostate cancer; ORIC-944, a potent and selective allosteric PRC2 inhibitor with potential best-in-class properties, demonstrates combination synergy with AR pathway inhibitors in prostate cancer models. Key findings of the presentations: Discovery of ORIC-944 was enabled through structure-based drug design and leveraged a cryptic pocket in an allosteric site in EED, a subunit of PRC2; Comprehensive profiling supports ORIC-944's best-in-class properties versus competitor PRC2 inhibitors, including PF-06821497, tazemetostat, and CPI-0209: Strong potency with 106 picomolar EC50 in biochemical binding assay; Superior solubility, oral bioavailability, half-life, and CYP profile in preclinical studies; Clinical half-life estimated at approximately 20 hours, with no sign of CYP autoinduction that is observed with first-generation PRC2 inhibitors; Results from combinations with an AR inhibitor in an in vivo prostate model shows ORIC-944 provides better activity than PF-06821497; Demonstrated that EED and EZH2 inhibitors act through the same mechanism of action, making prostate cancer cells more susceptible to AR inhibition: Transcriptional changes induced by ORIC-944 were comparable to those of EZH2 inhibitors in prostate cancer models, indicating no mechanistic distinction between molecules targeting different core subunits of PRC2; RNA sequencing of prostate cancer models revealed that ORIC-944 increases AR signaling and luminal cell fate, thereby rendering these cells more susceptible to AR inhibition; Synergy was observed both in vitro and in vivo for ORIC-944 in combination with AR inhibitors in prostate cancer models. These results position ORIC-944 as a potential best-in-class PRC2 inhibitor for combination with AR inhibitors in patients with prostate cancer. ORIC-613: a potent and selective PLK4 inhibitor; ORIC-613, a potential first- and best-in-class, orally bioavailable, potent and selective PLK4 inhibitor with synthetic lethality in TRIM37 high cancer models. Key findings of the presentation: ORIC-613 is an orally bioavailable, potent and exquisitely selective small molecule inhibitor of PLK4, which is synthetic lethal in tumor cells with high levels of TRIM37; ORIC-613 has superior kinome selectivity versus comparator compounds CFI-400945 and RP-1664; Preclinical assessment in cancer cell lines revealed synthetic lethality, with ORIC-613 inducing apoptotic tumor cell death specifically in TRIM37-high breast cancer and neuroblastoma cells versus TRIM37-wildtype cells; Oral dosing of ORIC-613 at 150 mg/kg QD resulted in tumor regressions and tumor growth inhibition in TRIM37-high xenograft breast tumors; ORIC-613 retained potency in breast cancer models resistant to CDK4/6 inhibitors; These results position ORIC-613 as a potential first- and best-in-class development candidate, which has the potential to benefit patients with TRIM37-high tumors.
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TCRX | Hot Stocks08:16 EDT TScan Therapeutics appoints Chrysta Louis M.D CMO - TScan Therapeutics announced the appointment of Chrystal U. Louis, M.D., M.P.H., as Chief Medical Officer. Dr. Louis has extensive experience in hematology and oncology drug development, with a track record of success in clinical development, medical affairs, and commercialization. "We are excited to welcome Chrystal to TScan at this critical time as we continue to progress both clinical-stage programs in heme malignancies and solid tumors. Chrystal's expertise, spanning all phases of drug development from Phase 1 studies to commercialization and life-cycle management, will be invaluable at this stage of rapid growth for the Company," said Gavin MacBeath, Ph.D., Chief Executive Officer. "I look forward to working with Chrystal as we strive to realize the full potential of our pipeline. On behalf of our Board and our team, I would like to thank Dr. Debora Barton for her key contributions that have enabled us to deliver positive data from our heme program and initiate our solid tumor program."
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YERBF KR | Hot Stocks08:14 EDT Yerbae Brands announces products now available in Kroger stores - Yerbae Brands Corp. (YERBF) announced its further expansion into the grocery channel with Kroger (KR). Yerbae's products will now be available in over 1,000 Kroger locations across the country, solidifying its presence in the retail market.
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AMRC | Hot Stocks08:13 EDT Ameresco begins construction of biogas cogeneration project in California - Ameresco announced it entered a nearly $140M contract to develop and construct an advanced technology biogas cogeneration facility for the Sacramento Area Sewer District located at the EchoWater Resource Recovery Facility near Elk Grove, California. This on-site renewable energy facility will beneficially utilize biogas, a byproduct of the EchoWater Facility's solids treatment process, to produce renewable electricity and heat for the EchoWater Facility through an integrated 13.4 MW cogeneration plant that will utilize fuel cell and engine technology. By incorporating the fuel cell system, the project will have exceptional efficiency and reduced pollutant emissions, making it a clean, reliable baseload dispatchable resource. Additionally, the system will allow for the expandability to produce hydrogen in the future.
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GSK... | Hot Stocks08:13 EDT ViiV Healthcare announces FDA approval of Dovato for adolescents with HIV - GSK plc (GSK) announced that ViiV Healthcare, the global specialist HIV company majority owned by GSK, with Pfizer (PFE) and Shionogi (SGIOY) as shareholders, announced the U.S. Food and Drug Administration approved Dovato for the treatment of HIV-1 infection in adolescents 12 years of age and older and weighing at least 25 kg with no antiretroviral, or ARV, treatment history or to replace the current ARV regimen in those who are virologically suppressed on a stable ARV regimen with no history of treatment failure and no known substitutions associated with resistance to the individual components of Dovato.
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ORYZF | Hot Stocks08:13 EDT Oryzon Genomics announces FDA clearance of IND to initiate Phase I/II trial - Oryzon Genomics announced that the U.S. Food and Drug Administration has approved the Investigational New Drug application to initiate a Phase I/II trial with iadademstat plus immune checkpoint inhibitors in first line small cell lung cancer patients with extensive disease. This will be the first clinical trial testing the combination of iadademstat with immune checkpoint inhibitors. The trial is entitled "A Phase I Dose Finding and Phase II Randomized Trial of Iadademstat Combined With Immune Checkpoint Inhibition Maintenance After Initial Chemoimmunotherapy in Patients With Extensive-Stage Small Cell Lung Cancer". This Phase I/II clinical study will be conducted and sponsored by the National Cancer Institute, part of the National Institutes of Health, where Dr. Noura Choudhury from the Memorial Sloan Kettering Cancer Center will be the main PI for this trial and will be implemented by a number of prestigious cancer centers in the US, including the MSKCC, the JHU Sidney Kimmel Comprehensive Cancer Center and many others. The trial plans to enroll 45-50 patients and will be carried out under a Cooperative Research and Development Agreement that Oryzon has in place with the NCI.
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MODN | Hot Stocks08:13 EDT Model N to be acquired by Vista Equity Partners for $30 per share in cash - Model N announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. The purchase price represents a premium of approximately 23% over Model N's 30-trading-day volume weighted average share price as of the close on January 10, 2024, the day prior to the Model N Board of Directors authorizing its financial advisor to contact potential acquirors, and a premium of approximately 16% over Model N's 30-trading-day volume weighted average share price as of the close on April 5, 2024.
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VSTO | Hot Stocks08:12 EDT The Czechoslovak Group reviews benefits of planned acquisition of Kinetic Group - The Czechoslovak Group issued a statement reaffirming its commitment to the proposed all-cash acquisition of Vista Outdoor Inc.'s Sporting Products business - recently renamed The Kinetic Group - for a total consideration of $1.91 billion, with fully committed financing from leading U.S. bank JP Morgan Chase. CSG also highlighted the benefits of its planned Acquisition: "CSG is a leading industrial technology company operating across strategic business segments including defense, aerospace, ammunition and mobility. Under the leadership of current CEO and 100% owner Michal Strnad, CSG has become the pre-eminent Czech industrial group and built an extensive global footprint. We have a demonstrated history of supporting the long-term growth of our portfolio companies. We look forward to successfully closing the Acquisition of The Kinetic Group and becoming the steward of such venerable American brands as Federal, CCI and Remington. "
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CORT | Hot Stocks08:11 EDT Corcept Therapeutics completes enrollment in Phase 3 ROSELLA trial - Corcept Therapeutics announced completion of enrollment in ROSELLA, a pivotal Phase 3 trial of its proprietary selective cortisol modulator relacorilant combined with nab-paclitaxel in patients with recurrent, platinum-resistant ovarian cancer. The ROSELLA trial has the same design as Corcept's positive Phase 2 study, in which patients who received relacorilant intermittently - the day before, the day of and the day after they received nab-paclitaxel - exhibited improvements in progression-free survival, duration of response and overall survival compared to patients who received nab-paclitaxel alone, without an increased side effect burden. These results were published in the Journal of Clinical Oncology in June 2023. The ROSELLA trial enrolled 381 women at sites in the United States, Europe, South Korea, Brazil, Argentina, Canada and Australia. Patients were randomized 1:1 to receive either relacorilant dosed intermittently with nab-paclitaxel or nab-paclitaxel monotherapy. ROSELLA's primary endpoint is progression-free survival. Overall survival is a key secondary endpoint.
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FCEL XOM | Hot Stocks08:10 EDT FuelCell, EMTEC update, extend joint development agreement - FuelCell Energy (FCEL) and ExxonMobil Technology and Engineering Company (XOM) have updated and extended a joint development agreement governing the companies' development of unique technology that captures CO2 emissions directly from industrial sources while producing electricity and hydrogen simultaneously. As a result, access to the technology could be accelerated for commercial customers. The JDA between FuelCell Energy and EMTEC has been extended through December 31, 2026, to allow for continued development work for the technology, including support of the pilot project at the Esso Nederland BV Rotterdam Manufacturing Complex. The pilot project is co-funded by the European Union under the Emissions Trading System Innovation Fund and by the Netherlands Enterprise Agency by means of a Demonstration Energy and Climate Innovation grant. The agreement allows FuelCell Energy to incorporate elements of the jointly developed technology into existing carbon capture products currently being marketed to customers. This is expected to accelerate delivery of the technology to the market while the next generation cell and module design is being demonstrated in Rotterdam. The jointly developed carbon capture fuel cell technology to be demonstrated in Rotterdam features an optimized design for large scale installations. The technology, which captures carbon while simultaneously generating electricity and hydrogen, could improve the economics of carbon capture and could potentially lower the barrier to broader adoption of carbon capture in the marketplace. The JDA extension provides FuelCell Energy the opportunity to pursue carbon capture opportunities with customers using the optimized carbon capture cell architecture within our current generation module design incorporating select improvements derived from our joint development work. We believe this will accelerate delivery of the benefits of the technology to market while the next generation cell and module design are being demonstrated in Rotterdam. In addition, it will support future pioneer project deployments of the jointly developed technology that the companies anticipate pursuing with select customers. Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to negotiate a commercial framework aimed at enabling deployments of the carbonate fuel cell technology for carbon capture. In addition, FuelCell Energy and ExxonMobil will continue engaging the industrial emitter market, with a focus on demonstrating the unique value proposition offered by the ability to capture CO2 emissions from an external source and produce electricity and hydrogen simultaneously. Manufacturing of the modules for the Rotterdam demonstration has begun in FuelCell Energy's Torrington, Connecticut, manufacturing facility.
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IFNNY AMKR | Hot Stocks08:10 EDT Infineon, Amkor enter multi-year partnership, strengthen European supply chain - Infineon Technologies AG (IFNNY) announced a multi-year partnership with Amkor Technology (AMKR). Both companies have agreed on operating a dedicated packaging and test center at Amkor's manufacturing site in Porto. Operations are expected to commence in the first half of 2025. With this long-term agreement, Infineon and Amkor further strengthen their partnership, extending the classical outsourced semiconductor assembly and test business model. Amkor will expand its facilities in Porto and run the production line, providing dedicated clean room space, and Infineon will provide an onsite team with engineering and development support. The cooperation further strengthens the European semiconductor supply chain and contributes to making it more resilient - especially for automotive customers. It complements Infineon's already diversified manufacturing footprint, balancing in-house and outsourced production capabilities.
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ALGN | Hot Stocks08:08 EDT Align Technology launches integrated consumer campaign - Align Technology announced the "Better Way" new advertising campaign for the Invisalign brand featuring the "Invis is for Kids" tagline and hashtag. "As part of our 'Invis is for Kids' strategy to improve the orthodontic experience for children, we are excited to launch the 'Better Way' integrated consumer campaign to drive awareness of how the Invisalign Palatal Expander System is a game-changer for expanding a child's narrow palate," said Kamal Bhandal, Align Technology vice president, Global Brand and Consumer Experience. "By sharing authentic experiences from parents whose kids have been treated by the Invisalign Palatal Expander System, as well as the first-hand experiences of patients and their doctors, our goal is to explain the benefits of the Invisalign Palatal Expander System as the product of choice for palatal expansion, through professional marketing material for doctors' offices and digital media content to reach moms across social media, TV, email, and digital."
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CCCC | Hot Stocks08:07 EDT C4 Therapeutics presents new data for CFT1946 at AACR - C4 Therapeutics presented a poster today at the American Association for Cancer Research AACR Annual Meeting 2024 highlighting new preclinical data for CFT1946 across multiple models of BRAF V600X mutant colorectal cancer CRC and non-small cell lung cancer NSCLC , additional BRAF inhibitor BRAFi -resistant melanoma models, and an intracranial model of BRAF V600E metastatic melanoma. CFT1946 is an orally bioavailable BiDAC degrader that selectively degrades the BRAF V600X mutant protein and prevents RAF dimer-mediated resistance. While currently approved BRAF inhibitors are also selective for BRAF V600X mutant proteins, their activity is limited by primary or acquired resistance often mediated by mechanisms that promote RAF dimerization. Further, in a significant number of patients with BRAF V600X melanoma and NSCLC, the disease metastasizes to the brain. BRAF inhibitors have limited brain penetration, while CFT1946 demonstrates CNS activity in preclinical models.
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BOLD | Hot Stocks08:07 EDT Boundless Bio presents preclinical data on BBI-355 - Boundless Bio presents preclinical and clinical pharmacodynamic data on its lead ecDNA-directed therapy, BBI-355, and research on ecDNA-mediated acquired resistance to chemotherapy at the American Association for Cancer Research Annual Meeting 2024. BBI-355 is a novel, oral, selective inhibitor of checkpoint kinase 1 being studied in the ongoing, first-in-human, Phase 1/2 POTENTIATE clinical trial in patients with oncogene amplified cancers. "Extrachromosomal DNA afford unique advantages to tumors, typically rendering existing therapies ineffective and correlating with poor patient outcomes," said Chris Hassig, Ph.D., Chief Scientific Officer of Boundless Bio. "Our first poster presented this year at AACR demonstrated that BBI-355 overcame ecDNA-mediated targeted therapy resistance in preclinical tumor models by leveraging the enhanced reliance of ecDNA-driven tumor cells on CHK1 for survival. BBI-355 showed substantial antitumor activity, including complete and durable regressions, in preclinical oncogene amplified models.
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LAB | Hot Stocks08:07 EDT Standard BioTools announces new solutions for Imaging Mass Cytometry workflow - Standard BioTools announced the introduction of new solutions that add automation and flexibility to the Imaging Mass Cytometry workflow on the Hyperion XTi Imaging System. Spatial biology is vital to clinical and translational research, providing critical insights into disease progression, the identification of biomarkers, drug development and monitoring therapeutic response. Increased adoption of multiplexed tissue imaging as a spatial biology tool is driving a need for higher sample throughput. Standard BioTools has developed new groundbreaking capabilities to image tissue samples at never-before-seen speeds and automation, accelerating and deepening insight generation. Hyperion XTi now offers three modes for rapid and detailed spatial biology analysis: Preview Mode for quick whole slide overviews; Tissue Mode for whole slide imaging in real time; and Cell Mode to analyze regions of interest at single-cell resolution. Novel whole slide imaging using Imaging Mass Cytometry offers a unique opportunity to garner the most data out of limited samples with up to 10 times higher throughput than cyclic immunofluorescent imaging. By leveraging the different modes on Hyperion XTi, researchers can quickly visualize tissue heterogeneity in minutes, without having to manage time-consuming cycles, and can then conduct deeper analysis on targeted regions. In addition, to facilitate high-throughput tissue imaging and accelerate time to results, Standard BioTools has launched a new automated slide loader that can be installed directly on Hyperion XTi for automatic loading and acquisition of up to 40 slides. This walk-away automation option eliminates manual error, reduces hands-on time and enables standardization with barcoded slide identification and LIMS connectivity.
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CMG | Hot Stocks08:07 EDT Chipotle announces partnership with TEKKEN 8 - Chipotle Mexican Grill announced its partnership with TEKKEN 8, the latest installment of the legendary fighting game franchise from Bandai Namco Entertainment America. Chipotle will give TEKKEN 8 players the opportunity to earn in-game currency through digital entree purchases made on the Chipotle app and Chipotle.com. In addition to the in-game currency offer, Chipotle is launching a new digital menu item inspired by TEKKEN fans, featuring TEKKEN 8 as the title game for the 2024 Chipotle Challenger Series, and serving as the presenting partner of the 2024 Evolution Championship Series.
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NRGV | Hot Stocks08:06 EDT Energy Vault issues 2023 sustainability report - Energy Vault Holdings announced the publication of its 2023 Sustainability Report. The report demonstrates Energy Vault's commitment to providing transparency and progress on material non-financial sustainability & Environmental, Social, and Governance metrics. In its second annual Corporate Sustainability Report, Energy Vault shares early-stage data and 2023 activations of newly established sustainability infrastructure, systems, protocols, standards, and metrics from which the organization measures current and future success.
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CTMX | Hot Stocks08:06 EDT CytomX Therapeutics doses first patient in CX-2051 Phase 1 study - CytomX Therapeutics announced the first patient has been dosed in a Phase 1 dose escalation study of CX-2051 in patients with advanced solid tumors. CX-2051 is a masked PROBODY antibody drug conjugate directed toward epithelial cell adhesion molecule, a cell-surface target that is highly expressed across many cancer types including colorectal, gastric, endometrial, and ovarian cancers. The cytotoxic payload utilized in CX-2051 is a derivative of camptothecin, a topoisomerase-1 inhibitor, a class of drug that has shown potent clinical anti-cancer activity and demonstrated significant clinical benefit as an approved ADC in multiple cancers. The CX-2051 Phase 1 dose escalation is designed to efficiently test the safety and preliminary anti-tumor activity of CX-2051, to provide initial clinical proof of concept to inform a potential decision to move into dose expansions in 2025.
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KBH | Hot Stocks08:05 EDT KB Home announces grand opening of community in San Antonio, Texas - KB Home announced the grand opening of Briarwood Oaks, its latest new-home community in San Antonio. The community's one- and two-story floor plans feature up to five bedrooms and three-and-a-half baths. Briarwood Oaks is zoned for highly rated Northside ISD schools, and future community amenities include a children's playground.
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TOI | Hot Stocks08:05 EDT The Oncology Institute appoints Jordan McInerney as CDO - The Oncology Institute announced the appointment of Jordan McInerney as the new Chief Development Officer, effective April 1, 2024. In this role, Mr. McInerney will spearhead growth initiatives for The Oncology Institute across diverse markets, including cultivating new partnerships with payors, driving M&A processes for acquisition targets, and establishing MSO platforms to deliver value-based oncology care nationwide. Bringing over 15 years of healthcare leadership, McInerney most recently served as the COO of HOPCo Network Solutions, a subsidiary of Healthcare Outcomes Performance Co.
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TAK | Hot Stocks08:05 EDT Takeda selects eight U.S. non-profit organizations as grant recipients - Takeda announced the selection of eight new U.S. non-profit organizations as grant recipients, as part of its $14.6 million commitment to its FY2023 U.S. Corporate Social Responsibility program. To create greater impact and foster equity in under-resourced communities, the company is focusing its philanthropic efforts on the two areas of Food is Health and Building STEM Foundations and providing larger, multi-year grants to select nonprofits. Combined with previous investments since 2021, Takeda's total contribution to these initiatives now amounts to $54.1 million.
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INFN | Hot Stocks08:04 EDT Aire Networks deploys Infinera's ICE-X coherent pluggable solution, no terms - Infinera announced that Aire Networks, a subsidiary of Grupo Aire, deployed Infinera's software-programmable ICE-X coherent pluggable solution to expand the capacity of its single-fiber network infrastructure across Spain and Portugal. The ability of Infinera's innovative ICE-X solution to provide ultra-high-speed transmissions over a single fiber in a pluggable form factor enables Aire Networks to continue to meet the bandwidth demands of its customers while maintaining its cost-effective single-fiber infrastructure. Aire Networks is a wholesale telecommunications operator with a network that spans over 33,000 kilometers, operating in Spain and Portugal, covering 90% of the territory and providing connectivity, voice, mobile virtual network enabler media, cloud, and data center solutions to local and regional operators as well as enterprise customers throughout the country.
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GRMN | Hot Stocks08:04 EDT Garmin General Counsel Andrew Etkind to step down, Josh Maxfield to succeed - Garmin announced that Garmin veteran Andrew Etkind is stepping down from the role of General Counsel effective July 1. Etkind will continue to serve as Vice President and Secretary for Garmin with Josh Maxfield assuming the role of Vice President, General Counsel and Assistant Secretary. Prior to joining Garmin, Maxfield was a member of the corporate and transactions practice group at the Polsinelli law firm in Kansas City.
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DGLY | Hot Stocks08:04 EDT Digital Ally enters multi-year agreement with Kansas City Chiefs - Digital Ally announced the signing of a multi-year agreement with the Super Bowl Champion Kansas City Chiefs. The deployment includes 120 FirstVu PRO body cameras, two QuickVu 24-bay docking stations, as well as the utilization of Digital Ally's EVO Web cloud platform.
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NTRA | Hot Stocks08:03 EDT Natera announces new data from two studies on Prospera Heart dd-cfDNA test - Natera announced the publication of two major studies, DTRT-2 and Trifecta-Heart, showcasing the ability of the Prospera Heart donor-derived cfDNA test to detect rejection in adult and pediatric heart transplant recipients. These are the second and third peer-reviewed publications evaluating Natera's technology for use in heart transplantation. The DTRT-2 study, published recently in Pediatric Transplantation, was sponsored by the National Institutes of Health. A total of 487 samples from 160 heart transplant recipients were evaluated, of which 78 were pediatric and 82 were adult patients. The Prospera Heart test demonstrated outstanding performance in detecting rejection, as determined by histopathology from endomyocardial biopsies, with an AUC of 0.82 in adult patients and 0.83 in pediatric patients. The study reported a negative predictive value of 92% for adult patients and 99% for pediatric patients, supporting the intended use of Prospera Heart as a rule-out test to help obviate surveillance biopsy procedures.
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SUPN | Hot Stocks08:03 EDT Supernus: FDA says SPN-830 NDA 'not ready for approval' in present form - Supernus Pharmaceuticals announced a regulatory update for SPN-830. SPN-830 is an investigational apomorphine infusion device for the continuous treatment of motor fluctuations in Parkinson's disease under U.S. Food and Drug Administration review. The FDA has issued a Complete Response Letter in response to the Company's New Drug Application for SPN-830. The CRL indicates that the review cycle for the application is complete, but that the application is not ready for approval in its present form. The CRL mentions two areas that require additional review by the FDA or additional information to be provided to the FDA. The first area relates to product quality. The Company recently submitted additional product quality data to the FDA which it has not yet reviewed. The second relates to the master file for the infusion device which is proprietary to the device manufacturer. The Company plans to discuss with the device manufacturer the provision of the requested information and the steps required for the resubmission of the NDA for SPN-830. No clinical safety or efficacy issues were identified as a requirement for approval. The FDA completed in February 2024 a successful preapproval inspection of the device manufacturer's facility.
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MDT | Hot Stocks08:03 EDT Medtronic reports 'positive' trial, safety results from study of Sphere-360 - Medtronic announced positive clinical trial safety and efficacy results for Sphere-360, an investigational single-shot mapping and ablation catheter using pulsed field energy, for treatment of patients with paroxysmal atrial fibrillation. Interim findings from the first-in-human Sphere-360 study were presented as a late-breaking clinical trial at the European Heart Rhythm Association 2024 Annual Meeting. The Sphere-360 study, a prospective, single arm, multi-center trial performed in three European centers with a total of 85 patients, demonstrated 81.8% freedom from atrial arrhythmias after one year of follow up, and 100% freedom in the sub-group treated with the optimized and most recent pulse configuration. The treatment time, or first to last PF application, was 10 minutes on average. A sub-study of patients treated with the optimized pulse underwent remapping procedures; 96% of those patients demonstrated sustained lesion durability, and among all the pulmonary veins treated in this group, 99% remained isolated after 75 days of the index procedure. The study also showed the catheter to have a highly favorable safety profile, with zero incidences of primary safety adverse events including esophageal events, pulmonary vein stenosis, phrenic nerve injury or cardiac tamponade.
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CGNT | Hot Stocks08:02 EDT Cognyte appoints Shvili, Sagiv to board of directors - Cognyte Software announced that two new members will join its Board of Directors effective as of May 1, 2024. Cognyte believes that Ron Shvili and Sarit Sagiv will bring additional expertise to the Board. They will replace Karmit Shilo and Zvika Naggan, who will be stepping down after three years as directors effective as of May 1, 2024. Shvili was previously Executive Vice President and Chief Technology, IT and Innovation Officer at Phoenix Holdings. Sagiv currently serves as a member of the Investments Committee of Phoenix Insurance.
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IGXT | Hot Stocks07:54 EDT IntelGenx doses first patients in Phase 2 'MONTPARK' trial - IntelGenx announced that Montelukast VersaFilm has been administered to the first Parkinson's Disease patients in the Phase 2 clinical trial. MONTPARK is a Phase 2, randomized, double-blind, placebo-controlled, parallel arm, multicentre trial that will investigate the efficacy of oral high-dose Montelukast on the progression of early-to-moderate PD. The study will enroll up to 90 patients who will receive 30 mg Montelukast VersaFilm or placebo twice daily for 18-months, followed by a 3-month washout period. Eligible candidates must be on levodopa treatment at the time of enrolment and may also be on other dopaminergic symptomatic agents. MONTPARK is being conducted at the Karolinska University Hospital and at three other Swedish University affiliated institutions under IntelGenx's previously announced research collaboration with Per Svenningsson, MD, PhD, who is serving as the study's Lead Principal Investigator.
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BRTX | Hot Stocks07:47 EDT BioRestorative partners with Galen Patient Recruitment for BRTX-100 trial - BioRestorative Therapies announced a collaboration with Galen Patient Recruitment, which, combined with the recent expansion of clinical trial capacity from approximately 10 to 30 participants per month, is expected to help accelerate the completion of patient enrollment in the ongoing Phase 2 study of BioRestorative's lead clinical candidate, BRTX-100, in chronic lumbar disc disease. BRTX-100 is a novel cell-based therapeutic engineered to target areas of the body that have little blood flow. The safety and efficacy of BRTX-100 in treating cLDD is being evaluated in a Phase 2, prospective, randomized, double-blinded and controlled study. A total of up to 99 eligible subjects will be enrolled at up to 16 clinical sites in the United States. Subjects included in the trial will be randomized 2:1 to receive either BRTX-100 or placebo.
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IGTA | Hot Stocks07:46 EDT Inception Growth Acquisition announces additional contribution to trust account - Inception Growth Acquisition announced that on April 3, 2024, the Company deposited $100,000 into the Company's trust account in order to extend the period of time the Company has to complete a business combination for an additional one month period, from April 13, 2024 to May 13, 2024. The purpose of the extension is to provide additional time for the Company to complete a business combination.
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IREN | Hot Stocks07:35 EDT Iris Energy: Poolside upsizes and extends AI cloud cervices contract - IREN or Iris Energy provided a business update.Key Highlights: Previously announced 3-month AI cloud services agreement with leading AI company, poolside; Agreement is now upsized from 248 to 504 NVIDIA H100 GPUs following successful initial deployment; Additional 4-month term commencing mid-April 2024, and extension option for a further 2 months at the customer's election; IREN has upsized and extended its AI cloud services agreement with poolside, more than doubling the contracted cluster size from 248 to 504 NVIDIA H100 GPUs. The contract is for an additional 4-month term commencing mid-April, 2024, with an extension option for a further 2 months at the customer's election. Eiso Kant, CTO and Co-Founder of poolside, commented: "We've been very impressed with the outperformance of IREN's NVIDIA H100 GPU cluster as it sits amongst the best-in-class in reliability and performance, as well as the IREN team's commitment to customer support. Our business has growing demand for GPU compute and we're pleased to expand our partnership with IREN to support our growth."
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PTN | Hot Stocks07:33 EDT Palatin presents results from Phase 3 PL9643 MELODY-1 trial - Palatin Technologies announced the presentation of topline results for its Phase 3 PL9643 MELODY-1 pivotal clinical trial evaluating the safety and efficacy of PL9643 versus vehicle in the treatment of dry eye disease at the American Society of Cataract and Refractive Surgery. The presentation by Dr. Eric Donnenfeld, entitled "Updates, What's New in Treatment, What's New and on the Threshold of FDA Approval" was presented on Friday, April 5th, at the ASCRS Conference in Boston, Massachusetts. Dr. Donnenfeld's presentation included MELODY-1 Phase 3 clinical data results, which indicate that the Intent-to-Treat PL9643 treatment population demonstrated clinically meaningful and statistically significant results at the change from baseline to week 12 for the co-primary symptom endpoint of pain and multiple exploratory secondary symptom endpoints. The presentation also included an overview of the excellent and superior safety and tolerability profile of PL9643 compared to other approved treatments. "Analysis of our successful Phase 3 MELODY-1 clinical trial results, demonstrate that PL9643 has broad, robust and rapid efficacy for multiple symptom endpoints. The efficacy results were statistically significant for the co-primary symptom endpoint of pain and 7 of 11 exploratory secondary endpoints, including eye dryness, as early as two weeks (the 1st time point measured). The effect improved and maintained statistical significance over the 12-week treatment period," said Carl Spana, Ph.D., President and Chief Executive Officer of Palatin. "Additionally, we have identified a substantial patient population with statistically significant efficacy results after two weeks of treatment with PL9643 for multiple sign endpoints, including all four fluorescein staining endpoints, which improves ocular surface disorders and facilitates the identification and treatment of epithelial damage and corneal injuries." "The early onset of efficacy for multiple symptoms and signs of dry eye disease and the excellent ocular safety and tolerability profile positions PL9643 as a highly differentiated product. We are advancing discussions with potential collaboration partners and actively preparing for a meeting with the FDA later this quarter to discuss the remaining studies for the PL9643 program required to support an NDA submission," Dr. Spana continued. "Dr. Donnenfeld's presentation is important, not only because it illustrates PL9643 MELODY-1 positive results in the context of other developmental programs for DED but identifies a potential key differentiating treatment option for dry eye disease in terms of its safety and tolerability profile," commented Michael Raizman, M.D., Chief Medical Officer at Palatin. Safety analysis from the Phase 3 MELODY-1 trial indicated PL9643 was well-tolerated. There were fewer ocular treatment related adverse events in the PL9643 arm compared to vehicle, and fewer study discontinuations in the PL9643 arm compared to vehicle. A higher proportion of the vehicle-treated patients dropped out of the study prior to week 12 compared to the PL9643-treated patients.
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VERO | Hot Stocks07:33 EDT Venus Concept announces Israeli regulatory approval for Venus Bliss MAX - Venus Concept has received approval for the Venus Bliss MAX from the State of Israel Ministry of Health. The Venus Bliss MAX was first launched commercially in the United States in Q1 2022 after FDA 510(k) clearance and offered internationally in approved jurisdictions. The Venus Bliss MAX offers three advanced technologies in one platform: diode laser applicators, (MP)2 applicator that combines Multi-Polar Radio Frequency and Pulsed Electro Magnetic Fields with advanced VariPulse technology and the Company's FlexMax EMS applicators. This advanced three-in-one platform enables practitioners to offer treatments for non-invasive lipolysis of the abdomen, flanks, back, and thighs, relief of muscle aches and pain, relief of muscle spasms, improvement in blood circulation, reduction in the appearance of cellulite and for muscle conditioning to stimulate healthy muscles.
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XRTX GMDA | Hot Stocks07:31 EDT Xortx Therapeutics appoints Abigail Jenkins to board of directors - XORTX Therapeutics (XRTX) welcomes Abigail Jenkins to its Board of Directors. Abigail Jenkins, M.S., is the current President and CEO of Gamida Cell (GMDA) and a member of its Board of Directors. In connection with the appointment of Abigail Jenkins, XORTX has granted, in accordance with the Company's stock option plan, 8,000 options to purchase common shares of the Company at an exercise price of $5.00 for a period of five years.
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GILT | Hot Stocks07:30 EDT Gilat Satellite expanding into additional IFC market segments - Gilat Satellite Networks solutions, and services, announced that a leading IFC Service Provider is expanding its In-Flight Connectivity IFC capabilities with a strategic multimillion-dollar order mainly for Gilat's Taurus Aero modems. Taurus is an ultra-high-performance modem solution for In-Flight Connectivity IFC already deployed globally across tens of commercial airlines. Taurus delivers all satellite communication needs for multi-orbit constellations and Very High Throughput Satellites VHT and enables the delivery of reliable, high-performance connectivity solutions to air travelers. "We are honored to have been selected once again to expand and upgrade mission-critical In-Flight Connectivity services," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "This selection underscores the trust and confidence that industry leaders place in Gilat's advanced satellite communication solutions. We look forward to continuing to drive innovation and deliver superior IFC experiences to aviation customers around the world."
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TGIFF | Hot Stocks07:28 EDT 1933 Industries to purchase 9% interest of cultivation, production subsidiary - 1933 Industries' wholly owned subsidiary, FN Pharmaceuticals, has entered into a Membership Interest Purchase Agreement to acquire from the Company's Executive VP and General Counsel, Caleb Zobrist, his nine percent of the issued and outstanding membership interests of Alternative Medicine Association. Upon successful completion of this transaction, FN Pharmaceuticals would own 100% of the membership interest in AMA, the Company's cultivation and production subsidiary. Under the terms of the Agreement, the purchase price for the Membership is $50,000, payable through the issuance of common shares of 1933 Industries. The estimated number of Shares to be issued is 3,375,000 and the final number of shares will be determined by the 10-day VWAP price of the Shares prior to the closing date. The Shares will be issued to the seller via the Direct Registration System and will be subject to normal legends required by the US Securities and Exchange Commission and will be subject to four months and one day hold period required by applicable securities laws in Canada but will not be subject to escrow. The closing of this Agreement is conditional upon regulatory approvals, including the approval of the Canadian Securities Exchange, and the Nevada Cannabis Compliance Board, as applicable. There is no guarantee that this transaction will close.
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IE | Hot Stocks07:26 EDT Ivanhoe Electric appoints Lara Sims as VP, health and safety - Ivanhoe Electric announced that Lara Sims will join the Company as the Vice President, Health and Safety commencing April 8th, 2024.Prior to joining Ivanhoe Electric, Ms. Sims established Sims 360, a consulting business based in Yerington, Nevada, focused on building and implementing adaptive Health and Safety frameworks for over twenty mines in the United States
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VRSK | Hot Stocks07:25 EDT Verisk Analytics launches Verisk's Next Generation Models - Verisk announced a leap forward in global catastrophe modeling and risk analysis with the launch of Verisk's Next Generation Models. This suite of 100+ models will be implemented by insurers and reinsurers to evaluate risk across the globe with a new financial modeling framework designed to reflect anticipated insured losses from extreme events more accurately than ever before. These advances from Verisk's Extreme Event Solutions business are now available on Verisk's pioneering catastrophe risk management software platform, Touchstone, which is used by the top ten U.S. P&C insurers and nine of the top ten global P&C insurers.
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MLM | Hot Stocks07:23 EDT Blue Water Industries completes sale of certain operations to Martin Marietta - Blue Water Industries announced today it completed the sale of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia to Martin Marietta Materials for $2.05B in cash on April 5, 2024. Blue Water Industries and its affiliates will continue to operate its aggregates operations in North Carolina and central Florida, as well as its marine terminal business.
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PLUR | Hot Stocks07:21 EDT Pluri granted U.S. patent for method for expansion of immune cells - Pluri was granted a new U.S. patent titled, "System and Methods for Immune Cells Expansion and Activation in Large Scale." Pluri's novel technology represents a paradigm shift in immune cell expansion methodologies because, unlike traditional approaches, its method employs a fundamentally different concept. Pluri's proprietary 3D cell expansion technology mimics the natural lymph node like environment that immune cells have within the human body. The tightly controlled and fully automated bioreactor system provides cells with the conditions they need in order to expand, enabling efficient expansion of immune cells at scale and quality. This innovative approach ensures that the produced immune cells retain their integrity, functionality, and therapeutic efficacy, thus offering a promising solution to meet the escalating demand for advanced cell-based therapies for immune disorders and neurodegenerative diseases.
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RNLX | Hot Stocks07:20 EDT Renalytix announces financing with expected size up to $4M - Renalytix announces a registered direct offering of ordinary shares at a purchase price equivalent to $0.75 per NASDAQ ADS to DB Capital Partners Healthcare. The Fundraise was conducted by way of a securities purchase agreement between the Purchaser and the Company which consists of an initial tranche of 2,666,667 Ordinary Shares initially for an amount of $1.0 million with an optional subsequent tranche of Ordinary Shares at the option of the Purchaser. Both tranches are priced at $0.75 per NASDAQ ADS. The aggregate total amount for both tranches, if the option is fully exercised, is expected to be up to $4 million in total financing. The net proceeds of the Fundraise will be used to support commercial sales activity as the Company continues its Formal Sale Process, as previously announced. Highlights: The Fundraise comprises a $1 million registered direct offering of the Initial Tranche Shares at $0.75 NASDAQ ADS, and an optional subsequent tranche at the same purchase price, exercisable at the purchaser's option until April 17, 2024. The sale and purchase of the Initial Tranche Shares and, if applicable, the Subsequent Tranche Shares shall complete no later than 11 April 2024 and 19 April 2024, respectively. The net proceeds of the Fundraise will be used to support commercial sales activity and provide enhanced optionality as the Company continues its ongoing Formal Sale Process, as previously announced. Pursuant to the securities purchase agreement entered into between the Company and the Purchaser on 5 April 2024, the Purchaser may, upon notice to the Company to be given no later than 5:00 p.m. New York time on 17 April 2024, subscribe for an optional subsequent tranche of Ordinary Shares. The Subsequent Tranche Shares shall not be more than such number of Ordinary Shares that the directors of the Company are authorised to allot and issue on a non-pre-emptive basis as of the date of the Subsequent Tranche Notice under the existing authorities granted at the Company's Annual General Meeting held on 15 December 2023. Any additional funding to be raised from issuing and allotting Ordinary Shares or other securities above existing authorities available shall be subject to the Company securing further authorities to allot and issue on a non-pre-emptive basis through a general meeting. The completion of the sale and purchase of the Initial Tranche Shares is expected take place no later than 11 April 2024, subject to customary closing conditions. Upon Initial Closing, the Purchaser will hold 2,666,667 Ordinary Shares which is expected to be approximately 2.18% of the Company's then issued share capital without taking into account any Ordinary Shares which may be allotted and issued from the date hereof and until the First Closing.
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AKTS | Hot Stocks07:19 EDT Akoustis secures design win, 'volume orders' for Wi-Fi 7 solution, no terms - Akoustis Technologies announced that high-performance narrowband patented XBAW filters are being designed into a new program with an enterprise-class original equipment manufacturer Multiple high-performance, narrowband XBAW filters will be utilized within the OEM's 4x4 Multi-User, Multiple-In-Multiple-Out Wi-Fi 7 enterprise router. These filters specifically cover the frequency range of 480 MHz U-NII 5 band while effectively attenuating signals from the full U-NII 1 to 4 bands on the lower end and U-NII 7 to 8 bands on the higher end. The filters exhibit a high out-of-band rejection within a one-percent transition gap from the filter's passband frequency. Akoustis has booked volume orders from the customer to support development efforts and facilitate a production ramp-up in the second half of the calendar year 2024.
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JRVR | Hot Stocks07:18 EDT James River Group granted request for preliminary injunction against Fleming - James River Group announced that the Supreme Court, New York County, Commercial Division granted the Company's request for a preliminary injunction against Fleming Intermediate Holdings, a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Company on or prior to April 16, 2024. Frank D'Orazio, the Company's CEO, commented, "We are pleased that the Court has granted James River's request for a preliminary injunction, compelling Fleming to complete the acquisition of JRG Re in accordance with the Stock Purchase Agreement that the parties negotiated together and executed on November 8, 2023. We look forward to finalizing the transaction."
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GRTS | Hot Stocks07:16 EDT Gritstone presents improvements to EDGE Platform at AACR 2024 - Gritstone bio presented an update on its T cell epitope discovery platform, EDGE, at the 2024 American Association for Cancer Research Annual Meeting in San Diego, CA. The presentation details improvements Gritstone has made in prediction of peptide presentation by HLA Class I, associated with CD8+ T cells, since the publication of the initial results in 2018. It also reviews how Gritstone has expanded EDGE's application to predict peptide presentation by HLA Class II. EDGE for Oncology: Class I antigens - predicted using allele-specific and pan-specific models Allele-specific model is an improved version of published 2018 EDGE model that predicts for 116 HLA alleles and achieves an Average Precision of 0.63 and Positive Predictive Value at 40% Recall of 0.79 Pan-specific model trains using the HLA allele sequence and is applicable to any Class I allele with known sequence, achieving an AP of 0.65 and PPV40 of 0.81 2-fold better performance vs MHCFlurry 2.0 when ranking mutations from 80 cancer patients based on immunogenicity Detectable CD8 responses to over half of the 20 administered candidate neoantigens per patient after treatment with Gritstone's personalized cancer vaccines Class II antigens - predicted using EDGE-II model Uses a pretrained protein language model, a novel learned HLA allele-deconvolution strategy, and in-house immunopeptidomics training data Achieves a test set AP of 0.92 and outperforms NetMHCIIpan and BERTMHC on an externally curated validation set with an AP = 0.71 CD4 immunogenicity in a personalized cancer vaccine context is better predicted by EDGE-II than NetMHCIIpan and MARIA EDGE for Infectious Disease: Class I antigens - predicted using EDGE-ID model Optimizing EDGE for use on infectious diseases results in improved performance Trained using both human immunopeptidomics and infectious disease binding affinity datasets and tested on publicly available infectious disease datasets Better performance on HIV and Influenza A datasets vs. MHCFlurry 2.0; comparable SARS-CoV-2 performance
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GTI | Hot Stocks07:16 EDT Graphjet Technology building agricultural waste-to-graphite production site - Graphjet Technology announced it plans to build a commercial artificial graphite production facility in Nevada. This plant is expected to be a first-of-its-kind in the United States.The plant is expected to be capable of recycling up to 30,000 metric tons of palm kernel material equivalent - a widely abundant agricultural waste product in Malaysia - to produce up to 10,000 metric tons of battery-grade, artificial graphite per year. This level of production is expected to be able to support the production of enough batteries to power more 100,000 electric vehicles EVs per year. In addition to producing graphite, Graphjet's first commercial plant in Malaysia, which is on track to be commissioned in the second quarter of 2024, will process palm kernel shells into hard carbon, which will be shipped to Nevada. This eliminates a conversion step in Graphjet's production process, which would enable its Nevada facility to produce graphite more quickly. Graphjet is aiming to commission and begin production at the new facility in 2026.
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GTI | Hot Stocks07:15 EDT Graphjet Technology building agricultural waste-to-graphite production site - Graphjet Technology announced it plans to build a commercial artificial graphite production facility in Nevada. This plant is expected to be a first-of-its-kind in the United States.The plant is expected to be capable of recycling up to 30,000 metric tons of palm kernel material equivalent - a widely abundant agricultural waste product in Malaysia - to produce up to 10,000 metric tons of battery-grade, artificial graphite per year. This level of production is expected to be able to support the production of enough batteries to power more 100,000 electric vehicles EVs per year. In addition to producing graphite, Graphjet's first commercial plant in Malaysia, which is on track to be commissioned in the second quarter of 2024, will process palm kernel shells into hard carbon, which will be shipped to Nevada. This eliminates a conversion step in Graphjet's production process, which would enable its Nevada facility to produce graphite more quickly. Graphjet is aiming to commission and begin production at the new facility in 2026.
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PEGY | Hot Stocks07:15 EDT Pineapple Energy urges shareholders to vote for reverse stock split - Pineapple Energy encourages its shareholders to participate actively in the upcoming meeting of shareholders scheduled on April 12, 2024. The Board of Directors emphasizes the importance of this shareholders' vote, specifically urging for a positive vote FOR the reverse stock split and FOR the increase in authorized shares. If you have previously cast your vote against these proposals, we strongly recommend reconsidering your position and voting in favor of these proposals. Pineapple's management team is committed to growing leading local and regional solar, storage, and energy services companies nationwide. The Board believes that the reverse stock split and increase in authorized shares is instrumental for several reasons, including: Maintenance with Nasdaq Listing Status: If the Reverse Stock Split Proposal is not approved by the Company's shareholders, the Company's common stock may be delisted from Nasdaq. Maintaining a Nasdaq listing is crucial for investor confidence, potential investment inflows, and to maintain liquidity in the Company's common stock; and Increased Shares to Satisfy Conversion Obligations and for Potential Fundraising: The Company is obligated to maintain a required minimum reserve of at least 200% of the number of shares issuable upon conversion of the Series A convertible preferred stock and common stock warrants from the authorized shares of its common stock. Shareholders must approve the increase in authorized shares in order for the Company to have enough authorized shares to meet these obligations. In addition to satisfying its conversion obligations, additional authorized shares are needed to facilitate the Company's ability to conduct a successful fundraising effort. Failure to secure approval for the reverse stock split may hinder management's ability to execute its strategy, to the potential detriment of shareholders. Additionally, it may impede business development initiatives dependent on the issuance of common stock. A Nasdaq delisting could complicate shareholders' ability to trade the Company's common stock, impact its price and affect the shareholders' ability buy or sell when desired. It is essential to understand that a reverse stock split consolidates existing shares, preserving the Company's overall value and each shareholder's respective ownership percentage. Failure to increase the company's authorized shares will result in the Company being unable to meet its conversion obligations and will limit the Company's ability to conduct successful fundraising. The inability to conduct successful fundraising raises substantial doubt about the Company's ability to continue as a going concern.
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MRKR | Hot Stocks07:14 EDT Marker Therapeutics announces presentation on Phase 1 APOLLO study - Marker Therapeutics reported that Geoffrey Shouse, D.O., Ph.D., the Principal Investigator at City of Hope National Medical Center in Duarte, CA, was invited to present his clinical experience from the APOLLO study at the 11th Global Summit on Hematologic Malignancies in Whistler, BC, Canada. Dr. Shouse provided an overview on the clinical observations obtained at City of Hope on Saturday, April 6, 2024. The Phase 1 APOLLO study is investigating MT-601, a multi-tumor associated antigen-specific T cell product, for the treatment of patients with lymphoma who have failed or are ineligible to receive anti-CD19 chimeric antigen receptor T cell therapy. Marker previously reported that the first study participant tolerated the treatment well and achieved a complete response eight weeks after the second infusion of MT-601, which was maintained at the six months follow-up visit. During the presentation, Dr. Shouse showed that this study participant remains in CR nine months following initial treatment with MT-601. This APOLLO participant had diffuse large B cell lymphoma and failed four prior lines of therapy, including anti-CD19 CAR T cell therapy. The participant relapsed within 90 days of CAR T cell therapy yet maintained a CR for at least nine months after treatment with MT-601, suggesting that response to MT-601 was more durable compared to CAR T cells in this study participant. Dr. Shouse's presentation included data from two additional study participants that have been treated at City of Hope. One of the study participants had transformed follicular NHL and failed a total of 12 lines of therapy including mosunetuzumab for follicular NHL, and Yescarta after transformation into DLBCL. At the time of MT-601 administration, only follicular NHL persisted after the last treatment. Eight weeks after initial infusion with MT-601, this study participant achieved a CR and remains in CR three months following treatment with MT-601. The third patient treated at City of Hope as part of the APOLLO trial presented with DLBCL with cutaneous involvement only and was not eligible for CAR T cell therapy. When evaluated at eight weeks post-treatment, the study participant was in partial response with all lesions decreasing in size including one that has completely resolved. Dr. Shouse also reported that treatment was well tolerated among all patients with no significant treatment-related adverse events including no reports of cytokine release syndrome or immune-effector cell associated neurotoxicity syndrome, and that all patients will continue to be monitored closely for long-term treatment effects and durability of response. The therapeutic potential of MT-601 is further reinforced by non-clinical data demonstrating that MT-601 is able to eradicate lymphoma cells resistant to anti-CD19 CAR T cells.
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SATS | Hot Stocks07:13 EDT EchoStar's Hughes Network awarded contract from GA-ASI - Hughes Network Systems, an EchoStar company, announced its it has been awarded a production contract from General Atomics Aeronautical Systems to produce a key component of the next-generation satellite communications system for the MQ-1C Gray Eagle 25M Unmanned Aircraft System. Under the contract, Hughes will provide advanced, ruggedized HM400 modems, named the HM400T, that integrate with the DoD's standard waveform technology and transmission security features to enable significantly increased endurance and resilience for Gray Eagle 25M's wide range of Airborne Intelligence, Surveillance and Reconnaisance mission requirements, particularly for operations in contested environments.
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SCNI | Hot Stocks07:12 EDT Scinai Immunotherapeutics' CDMO unit selected by Ayana Pharma - Scinai Immunotherapeutics announced that Ayana Pharma Ltd. signed a five-year Master Service Agreement with the company's CDMO business unit, Scinai Bioservices. Under the MSA, Scinai will provide drug development and cGMP manufacturing services, including aseptic filling and quality assurance, to Ayana, including encapsulating drug substances of various partners of Ayana into Ayana's proprietary liposomal drug delivery system.
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DNA | Hot Stocks07:11 EDT Ginkgo Bioworks, IdeeLab Biotechnology enter agreement - IdeeLab Biotechnology, a Brazilian company aiming to develop innovations and biological solutions for agriculture, announced that is has entered into an agreement with Ginkgo Bioworks, which is building the leading platform for cell programming and biosecurity, to join the Ginkgo Technology Network. The Ginkgo Technology Network is a groundbreaking global ecosystem of cutting-edge technology partners dedicated to driving innovation in customer R&D programs. Ginkgo plans to integrate the technological capabilities of its network partners to provide customers with more robust end-to-end solutions to drive successful R&D outcomes across biological end markets.
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AOTVF | Hot Stocks07:11 EDT Ascot Resources commences ore processing at Premier Gold Project - Ascot Resources announced the commencement of ore processing at the Premier Gold Project located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Rock was introduced into the grinding circuit of the mill on March 31, 2024, and the first ore was introduced into the mill on April 5, 2024. Derek White, President and CEO, commented, "The start of ore processing is a momentous achievement for the whole team at Ascot and an exciting milestone for the Company. Most project construction activities are substantially completed, and commissioning activities are ongoing throughout the processing plant with the aim of pouring first gold this month." As is customary for processing plant start-ups, waste rock was initially introduced into the grinding circuit in order to pad the semi-autogenous grinding and Ball mill liners with barren material. Once that commissioning step was completed, the grinding system was re-torqued and gold-bearing ore was introduced into the mill on April 5, 2024. Commissioning activities are currently focused on the remaining components of the processing plant - namely the gravity concentration and intensive leaching circuit, the carbon regeneration circuit, the elution circuit, cyanide destruction, and the gold room. The tailings storage facility, new water treatment plant, tailings thickener and pipeline systems are ready for operations. The Company anticipates the pouring of first gold at the Project on schedule during the month of April 2024.
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NXTC | Hot Stocks07:10 EDT NextCure and LCB present data on B7-H4 antibody drug conjugate at AACR - NextCure announced the presentation of new preclinical data on LNCB74, a B7-H4-targeting antibody drug conjugate ADC developed in partnership with LigaChem Biosciences LCB , formerly LegoChem Biosciences, , at the 2024 American Association for Cancer Research AACR Annual Meeting in San Diego, CA. The poster presentation highlights LNBC74's promising preclinical safety and anti-tumor activity. LNCB74 is an ADC utilizing LigaChem Biosciences' proprietary site-specific conjugation and plasma-stable, cancer selectively activating linker technology to link monomethyl auristatin E MMAE to a B7-H4 targeting antibody in a drug-to-antibody ratio of 4 DAR4 . The presentation includes data demonstrating LNCB74's high affinity and specificity for human B7-H4, a protein highly expressed on a range of solid tumors including breast, ovarian and endometrial cancers. "LNCB74 was developed through NextCure's expertise in B7-H4 tumor biology and LCB's ConjuAllTM technology, resulting in a potent ADC with initial data demonstrating excellent tolerability and pharmacokinetics," said Solomon Langermann, Ph.D., NextCure's chief scientific officer. "These data underscore that LNCB74 is a promising candidate for the treatment of a variety of solid tumor indications. We look forward to continuing our work building a robust preclinical dataset to further support advancing this ADC to the clinic."...LNCB74 was engineered for an improved safety profile and therapeutic index with increased stability in circulation, tumor selective payload release, and a reduction in off-target release of active payload, mitigating toxicity compared to traditional vedotin ADCs.
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KYMR | Hot Stocks07:09 EDT Kymera Therapeutics announces presentation at AACR annual meeting - Kymera Therapeutics announced that new preclinical data showing the structural and molecular mechanisms underlying anti-tumor activity of its novel STAT3 degrader, KT-333, were presented in a late-breaking research poster session at the AACR Annual Meeting taking place April 5-10, 2024, in San Diego, California. Additionally, Nello Mainolfi, PhD, Founder, President and CEO, will present in the Major Symposium at the conference highlighting the Company's unique target selection strategy and strong preclinical to clinical translation observed across the Company's first-in-class oncology programs, KT-333 and KT-253, a potent and selective degrader of MDM2. "Guided by our drug development principles and innovative platform capabilities and know-how, we have designed highly potent and selective degraders against undrugged and poorly drugged targets, including oncogenic proteins in key signaling pathways, that have disruptive therapeutic potential," said Dr. Mainolfi. "Our precise understanding of E3 ligase pairing, ternary complex molecular mechanisms at the atomic level, and accuracy of PK and PD, as presented at AACR, has resulted in impeccable translation of our pipeline in the clinic and continues to validate our differentiated molecular design, target selection, and translational strategies to advance a new generation of medicines for patients." STAT3 is recognized as a key component of the JAK-STAT signaling pathway with both tumor cell intrinsic and tumor cell extrinsic effects on the tumor microenvironment. Although multiple drugs have been approved that target upstream effectors signaling through STAT3, no known drugs selectively block STAT3 broadly across all relevant cell types or address both phosphorylation-dependent and -independent functions of STAT3. For these reasons, STAT3 degraders may provide a solution to the development of targeted and selective drugs to address multiple STAT3 dependent pathologies. New findings presented for the first time show KT-333 induces a strong ternary complex between STAT3 and the VHL E3 ligase in a positively cooperative manner, exhibiting properties of native protein complexes, leading to potent, selective, rapid, and consistent degradation as observed in vitro and in vivo. Innovative structure-based design with cryo-electron microscopy, biochemical, and proteomics techniques provide mechanistic and structural insights further validating VHL as the E3 ligase of choice for STAT3 degradation in cancer. In the STAT3-dependent SUDHL-1 lymphoma xenograft model, reduced expression of canonical STAT3 targets and down-regulation of cytokine-mediated signaling and cell cycle signature genes indicated that cell cycle arrest and subsequent apoptosis were the main drivers of efficacy for KT-333. Additionally, this unique mechanism of action led to induction of proinflammatory anti-tumorigenic transcriptional signatures in the tumor microenvironment. This has resulted in robust antitumor activity in patients, as reported in the Company's latest clinical update at the American Society of Hematology Annual Meeting in December 2023.
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ARMN WPRT | Hot Stocks07:09 EDT Aris Mining names Richard Orazietti as CFO, effective May 16 - Aris Mining (ARMN) announces the appointment of Richard Orazietti as CFO, effective May 16, and Oliver Dachsel as Senior Vice President, Capital Markets. Orazietti was the CFO of Westport Fuel Systems (WPRT) from 2019 to 2022.
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RDCM | Hot Stocks07:07 EDT Radcom extends collaboration with Rakuten Mobile - Radcom announced it has renewed its multi-year collaboration with Rakuten Mobile. The company will continue to provide current solution offerings, and the collaboration will include advanced artificial intelligence- powered analytics such as anomaly detection and automated root cause analysis. These AI-driven use cases help proactively identify and prevent degradations, enabling Rakuten Mobile to maintain quality of service and drive efficient network operations and network automation monitoring.
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EYEN | Hot Stocks07:07 EDT Eyenovia considers strategic alternatives, including possible sale - Eyenovia announced its plans for accelerating development of its potential multi-billion dollar product for pediatric progressive myopia, MicroPine, and initiated a process to explore strategic alternatives to maximize shareholder value. As part of this process, the Company plans to consider a wide range of options, including potential sale of assets of the Company, a sale of the Company, a merger, or other strategic action. In conjunction with the strategic process and focus on its late stage MicroPine asset, Eyenovia reiterated its immediate commercialization opportunities and corporate savings intended to reduce operating expenses while continuing to support meaningful value generation from the company's two FDA-approved products. ..."In the meantime, we will be evaluating strategic opportunities for MicroPine with organizations that have existing capabilities and infrastructure necessary to fully capitalize on this large opportunity. Additionally, we continue to make significant progress advancing our commercialization strategy, with Mydcombi and Avenova currently being sold through our targeted sales force, and clobetasol to be commercially launched as soon as this summer."..."However, we believe this progress, and the broader potential of MicroPine, which will be back in our hands in a matter of weeks, has been underrecognized and underappreciated by the financial markets. As a result, while we remain intently focused on laying a foundation for accelerating sales growth in 2025, we are in parallel reducing costs in areas that do not impact our ability to deliver on our core strategy and exploring a possible transaction or transactions that could generate capital or otherwise enhance value for our shareholders, who remain very supportive. I look forward to evaluating a comprehensive variety of alternatives with my fellow Board members in the coming weeks." ...Eyenovia is in the process of engaging with investment banks to assist with the evaluation. There can be no assurance that this process will result in the company entering or completing any transaction. Eyenovia does not intend to make any further disclosures regarding the strategic review process unless and until a specific course of action is approved.
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SNDX | Hot Stocks07:06 EDT Syndax presents 'positive' results from AUGMENT-101 trial of Revumenib - Syndax Pharmaceuticals announced the presentation of positive data from the pivotal AUGMENT-101 trial in pediatric patients with relapsed/refractory KMT2A-rearranged acute myeloid leukemia and acute lymphoid leukemia treated with revumenib, a first-in-class menin inhibitor. The pediatric data was featured in a Plenary Session titled "Pivotal Phase 2 Results of AUGMENT-101 for Revumenib in KMT2Ar Acute Leukemia: Pediatric Experience" at the 2024 American Society of Pediatric Hematology/Oncology Conference held April 3 - 6, 2024 in Seattle, Washington. "We are pleased to present positive results from pediatric patients treated with revumenib in the AUGMENT-101 pivotal trial demonstrating impressive activity and consistency with the adult population," said Neil Gallagher, M.D., Ph.D., President, Head of Research and Development at Syndax. "As the only menin inhibitor with a formulation designed for the pediatric setting, we have an ongoing commitment to bringing this first- and best-in-class therapeutic agent to this important patient population in need of effective treatments." The presented data include efficacy and safety findings for pediatric patients with R/R KMT2Ar acute leukemia from the pivotal Phase 2 portion of the AUGMENT-101 study. Of the 57 patients enrolled in AUGMENT-101 with central confirmation of their KMT2Ar status and sufficient follow-up to be included in the efficacy-evaluable population, 13 (23%) were less than 18 years old with a median age of 5 years. The pediatric patients were heavily pretreated with a median of 4 prior lines of therapy including 8 (62%) that received prior venetoclax, 2 (15%) that received CAR-T and 6 (46%) that received prior hematopoietic stem cell transplant. In this population, the complete remission or CR with partial hematological recovery rate was 23% (3/13; 95% CI: 5.0, 53.8), with a median time to CR or CRh of 2.3 months (95% CI: 1.0, 3.9). The overall response rate1 was 46% (6/13), and the composite response rate2 (CRc) was 39% (5/13). Sixty percent (3/5) of CRc patients achieved minimal residual disease negative status. The median overall survival was 6.9 months (95% CI, 2.3-not reached). Four (67%) of the 6 patients who achieved an overall response underwent HSCT, two of whom did not achieve a CR or CRh prior to transplant. Half (2/4) of the patients who underwent HSCT received post-transplant maintenance with revumenib and had been in remission for 6 and 9 months at the time of the July 24, 2023 data cutoff. Revumenib was well-tolerated, and the safety profile was consistent with the Company's previously reported data. In the safety-evaluable patient population, Grade 3 or greater treatment-related adverse events that occurred in greater than 10% of patients included febrile neutropenia (13%; 3/23) and decreased neutrophil count (13%; 3/23). Grade 3 or greater differentiation syndrome was observed in 9% (2/23) of patients and Grade 3 QTc prolongation was observed in 4% (1/23) of patients. No treatment-related discontinuations or dose reductions due to adverse events occurred in the trial.
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TELA | Hot Stocks07:05 EDT Tela Bio appoints Howard Langstein as VP, medical affairs, surgeon strategy - TELA Bio announced Howard Langstein, MD, FACS, as Vice President of Medical Affairs and Surgeon Strategy. Dr. Langstein is the former Chief of Plastic and Reconstructive Surgery at the University of Rochester Medical Center, known for his extensive expertise, especially in microvascular reconstruction and innovative approaches to complex surgical problems.
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JNJ | Hot Stocks07:04 EDT Johnson & Johnson announces presentation of findings on XARELTO - Johnson & Johnson announced a new analysis of data from the PIONEER AF-PCI clinical trial demonstrating that XARELTO was associated with a reduced risk of clinically significant bleeding, and net adverse clinical events or rehospitalization compared to warfarin among both elderly and non-elderly patients with nonvalvular atrial fibrillation undergoing percutaneous coronary intervention, a nonsurgical procedure designed to relieve narrowing or occlusion of the coronary artery. These data were featured in an oral presentation today at the American College of Cardiology 73rd Annual Scientific Session & Expo in Atlanta, Georgia. The PIONEER AF-PCI exploratory trial enrolled 2,124 patients with nonvalvular AF undergoing PCI, of whom 729 were elderly. Patients were randomized to either rivaroxaban- or warfarin-based antithrombotic regimens. The data analysis demonstrated a reduced rate of CSB among both elderly and non-elderly patients with nonvalvular AF undergoing PCI treated with XARELTO compared to warfarin. Elderly patients treated with XARELTO had a lower rate of CSB at 12 months compared to those treated with warfarin. The reduction in CSB was consistent among non-elderly patients treated with XARELTO compared to warfarin. The analysis also showed XARELTO treatment was associated with a lower risk of NACE or rehospitalization in both elderly and non-elderly patients primarily driven by a lower risk of CSB. In addition, the rates of major bleeding were lower in patients treated with XARELTO compared to warfarin in both elderly and non-elderly patients. Patients treated with XARELTO also experienced lower rates of minor bleeding compared to warfarin in both elderly and non-elderly patients.
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ALKS | Hot Stocks07:04 EDT Alkermes presents results from long-term safety study of LYBALVI - Alkermes announced the oral presentation of clinical data at the 2024 Congress of the Schizophrenia International Research Society, which took place April 3-7, 2024 in Florence, Italy. Analyses were presented from a phase 3, open-label extension study assessing the long-term safety, tolerability and durability of treatment effect of LYBALVI in patients who received up to four years of treatment. LYBALVI is approved in the U.S. for the treatment of adults with schizophrenia, and for the treatment of adults with bipolar I disorder, as a maintenance monotherapy or for the acute treatment of manic or mixed episodes, as monotherapy or as adjunct to lithium or valproate. Rene Kahn, M.D., Ph.D., Icahn School of Medicine at Mount Sinai, presented the data in an oral presentation during the "New Pharmacological Treatments and Assessments" session. New analyses were presented related to the subset of participants in the study who reached at least two years of treatment and the subset of participants who reached four years of treatment, providing information as to the long-term safety profile and durability of treatment effect of LYBALVI at specific points in time. Key findings are as follows: Patient Disposition: 523 participants received at least one dose of LYBALVI in this global, open-label extension study. Depending on geography and enrollment date, patients had the opportunity to receive up to two to four years of treatment in this study. 188 (35.9%) participants completed the study, as defined in the protocol, having received between two to four years of treatment and attended their final study visit. There were 451 patients who had the opportunity to receive at least two years of LYBALVI treatment, of which 242 (53.7%) did so. There were 335 patients who had the opportunity to receive four years of LYBALVI treatment, of which 109 (32.5%) did so. Changes in Weight, Waist Circumference, and Metabolic Parameters: For patients who contributed data to the two-year assessment, mean change from baseline in body weight was 0.84 kg and waist circumference was -0.56 cm. For patients who contributed data to the four-year assessment, the mean change from baseline in body weight was 2.65 kg and waist circumference was 1.37 cm. In addition, there were minimal changes in lipid and glycemic parameters over the treatment period. Adverse Events: The adverse event profile of LYBALVI was consistent with previous studies. Overall, 60% of participants reported at least one AE. The most common AEs reported were weight increase, headache, anxiety, insomnia, somnolence, nausea and weight decrease. Most AEs were mild to moderate in severity. Symptoms: Patients' symptoms of schizophrenia or bipolar I disorder remained stable, as measured by the Clinical Global Impression of Severity scale. For patients who contributed data to the two-year assessment, mean change from baseline in CGI-S score was -0.18. For patients who contributed data to the four-year assessment, mean change from baseline in CGI-S was -0.24. According to Dr. Kahn, "The study results, which include data from patients who received up to four years of treatment on LYBALVI, demonstrated that the combination of olanzapine and samidorphan delivered long-term tolerability, including across key weight and metabolic parameters, and sustained symptom control, further reinforcing LYBALVI's potential utility as a foundational maintenance treatment option for people living with schizophrenia or bipolar I disorder."
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REAX | Hot Stocks07:02 EDT Real Brokerage announces settlement agreement in class action litigation - The Real Brokerage announced that it has entered into a settlement agreement to resolve the pending class action litigation, Umpa v. NAR, 4:23-cv-00945, on a nationwide basis. This settlement conclusively addresses all claims asserted against Real in the Umpa lawsuit, releasing Real, its subsidiaries, and affiliated agents from these claims. The settlement does not constitute an admission of liability by Real, nor does it concede or validate any of the claims asserted in the litigation. Under the terms of the settlement agreement, Real has committed to paying $9.25 million into a qualified settlement fund within 30 days following the court's preliminary approval of the settlement agreement. The Company does not foresee the settlement terms having a material impact on its future operations. The settlement agreement awaits preliminary and final court approval and will take effect upon such final approval.
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BRKR | Hot Stocks07:01 EDT Bruker advances magnet technology for broader adoption of NMR - Bruker Corporation announces novel magnet technology and analytical solutions to support broad adoption of nuclear magnetic resonance, NMR, in academic basic and clinical research, as well as in biopharma drug discovery, development and process analytical technologies, PAT.
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ACM J | Hot Stocks06:58 EDT Aecom-led JV with Jacobs selected for Frederick Douglass Tunnel Program - Aecom (ACM) announced that an Aecom-led joint venture with Jacobs (J) has been selected by Amtrak to serve as delivery partner for the $6B Frederick Douglass Tunnel Program that will upgrade a ten-mile section of the Northeast Corridor, America's busiest passenger rail line. The cornerstone of the program will be the delivery of the Frederick Douglass Tunnel featuring two new high-capacity tubes for electrified passenger trains. Located south of Baltimore Penn Station, the new tunnel will replace the existing 150-year-old B&P Tunnel and, once complete, it will deliver a faster, more reliable trip for more than 12 million annual Amtrak and MARC customers in the region.
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SUUN | Hot Stocks06:55 EDT SolarBank to begin trading on Nasdaq Global Market on April 8 - SolarBank is pleased to announce the company's common shares will commence trading on the Nasdaq Global Market at opening of trading on Monday, April 8. The company's common shares will trade under the symbol "SUUN." The company's common shares will continue to trade on the Cboe Canada Exchange under the symbol "SUNN".
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IBM | Hot Stocks06:53 EDT IBM to expand Cloud operations in Canada - IBM announced plans to open a new Cloud Multizone Region in Montreal, Quebec. The facility will be designed to help clients address their evolving regulatory requirements and leverage technology such as Generative AI with a secured, enterprise cloud platform. The Montreal MZR will be comprised of three Availability Zones, isolated locations within a data center or cloud infrastructure, that are designed to provide availability, consistent cloud services, and greater resiliency to help clients run mission-critical workloads.
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BWXT RYCEY | Hot Stocks06:47 EDT BWX Technologies, Rolls-Royce awarded space reactor development project - BWX Technologies (BWXT) announced that it and Rolls-Royce (RYCEY) have secured funding for Phase 2 of the UK Space Agency's International Bilateral Fund. The funding enables strategic research collaborations within the UK space sector and emerging space nations to work together on fission nuclear systems for space power missions. The new $1.5M award from the fund supports collaboration between Rolls-Royce and BWXT Advanced Technologies to advance the technologies that benefit both the UK and U.S. space nuclear development programs.
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OCGN | Hot Stocks06:39 EDT Ocugen: FDA clears IND amendment to initiate Phase 3 clinical trial of OCU400 - Ocugen announced that the U.S. FDA has cleared the company's Investigational New Drug amendment to initiate a Phase 3 clinical trial of OCU400, a modifier gene therapy product candidate being developed for retinitis pigmentosa. "The initiation of the OCU400 Phase 3 clinical trial is a significant milestone for patients with RP and a pivotal event for Ocugen as a company," said Dr. Shankar Musunuri, Chairman, CEO and Co-Founder of Ocugen. "OCU400 is the first gene therapy program to enter Phase 3 with a broad RP indication. Until now, there has been only one marketed product to treat one of the 100 gene mutations associated with RP. Now there is real hope for all RP patients who haven't had a treatment option." Ocugen previously announced that OCU400 has received orphan drug and RMAT designations from the FDA. With the initiation of the Phase 3 clinical trial, OCU400 remains on track for the 2026 BLA approval target.
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AQU | Hot Stocks06:37 EDT Aquaron Acquisition announces additional contribution to trust account - Aquaron Acquisition announced that Bestpath IoT Technology has deposited into the Company's trust account an aggregate of $70,000, in order to extend the period of time the Company has to complete a business combination for one additional month, from April 6, 2024 to May 6, 2024. The Company issued a promissory note to Bestpath with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's shares of common stock at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide more time for the Company to complete a business combination.
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INZY | Hot Stocks06:36 EDT Inozyme announces 'positive' results from Phase 1/2 trials of INZ-701 - Inozyme Pharma announced positive topline safety, pharmacokinetic, pharmacodynamic and exploratory efficacy data from the company's ongoing Phase 1/2 clinical trials of INZ-701 in adults with ABCC6 Deficiency and ENPP1 Deficiency. "We are excited by the excellent safety and preliminary efficacy profile of INZ-701 in adults with ABCC6 Deficiency," said Douglas Treco, Ph.D., CEO of Inozyme Pharma. "Our investigations into the natural history of this disease have identified a substantial and previously overlooked pediatric population with a high risk of stroke. We believe these patients represent a critical unmet need in this genetic disease and that changes observed in adults treated with INZ-701 will translate to clinical benefits in a future trial in children." "The high risk of ischemic stroke in pediatric patients with ABCC6 Deficiency and its devastating consequences represents a serious unmet need in this population," commented Professor Zulf Mughal, M.D., Consultant in Paediatric Bone Disorders at Al Jalila Children's Specialty Hospital, Dubai, UAE. "I am very encouraged to see that INZ-701 may improve vascular pathology and believe that this effect may translate to clinical benefits in patients of all ages."
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OCS | Hot Stocks06:34 EDT Oculis announces 'positive' results from Phase 3 OPTIMIZE-1 trial of OCS-01 - Oculis Holding announced that Eric Donnenfeld, M.D., presented the positive results from the Phase 3 OPTIMIZE-1 trial of OCS-01 for the treatment of inflammation and pain following cataract surgery at the 2024 ASCRS Annual Meeting, which took place April 5-8, 2024, in Boston, MA. Dr. Donnenfeld presented the "Once Daily OCS-01, an OPTIREACH Formulation of High Concentration Dexamethasone Eye Drop, for Inflammation and Pain Following Cataract Surgery - a Phase 3, Double-Masked, Vehicle-Controlled Study" on Sunday, April 7th. The results showed that 57.2% of patients treated with OCS-01 were inflammation free at Day 15, and 75.5% had absence of ocular pain at Day 4. Oculis initiated the second Phase 3 OPTIMIZE-2 trial with OCS-01 once daily eye drop in late 2023 and topline readout is expected before the end of 2024. The two Phase 3 OPTIMIZE trials are expected to support an NDA submission.
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SAVE | Hot Stocks06:33 EDT Spirit Airlines to furlough approximately 260 pilots effective September 1 - As a result of grounded aircraft due to Pratt & Whitney GTF engine availability issues, along with the 2025 and 2026 aircraft deferrals, Spirit announced it intends to furlough approximately 260 Pilots effective September 1, 2024. As recently announced, Spirit entered into a compensation agreement with Pratt & Whitney regarding its GTF engines, which is estimated to improve Spirit's liquidity between $150M and $200M over the term of that agreement. In addition, Spirit will continue to evaluate the use of its current financeable asset base to add additional liquidity over the coming months. The Airbus amendment also defers by two years the exercise dates for optional aircraft included in Spirit's purchase agreement. There is no change to the total number of aircraft on order or Spirit options for additional aircraft. As previously announced, Spirit has retained Perella Weinberg & Partners L.P. and Davis Polk & Wardwell LLP as advisors. The Company has been taking, and will continue to take, prudent steps to ensure the strength of its balance sheet and ongoing operations, including assessing options to refinance upcoming debt maturities and bonds.
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TW | Hot Stocks06:32 EDT Tradeweb Markets to acquire ICD for $785M - Tradeweb Markets announced it has entered into a definitive agreement to acquire Institutional Cash Distributors, an institutional investment technology provider for corporate treasury organizations trading short-term investments, for $785M, subject to customary adjustments. The purchase price is expected to be funded with cash on hand. Upon closing of the transaction, ICD's CEO Tory Hazard will report to Tradeweb President Thomas Pluta and will join Tradeweb's Operating Committee. The acquisition is expected to be accretive to Tradeweb's adjusted earnings per share in the first 12 months following closing and meet Tradeweb's return on invested capital objectives. Completion of the transaction is expected in the second half of 2024, subject to customary closing conditions and regulatory review.
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SAVE EADSY | Hot Stocks06:32 EDT Spirit Airlines announces deferral of Airbus aircraft deliveries - Spirit Airlines (SAVE) announced that it reached an agreement with Airbus (EADSY) to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031. These deferrals do not include the direct-lease aircraft scheduled for delivery in that period, one each in the second and third quarter 2025, respectively. The agreement with Airbus will improve Spirit's liquidity position by approximately $340M over the next two years. There are no changes to the aircraft on order with Airbus that are scheduled to be delivered in 2027-2029. The Airbus amendment also defers by two years the exercise dates for optional aircraft included in Spirit's purchase agreement. There is no change to the total number of aircraft on order or Spirit options for additional aircraft.
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JPM | Hot Stocks06:26 EDT JPMorgan releases Chairman & CEO letter to shareholders - JPMorgan Chase & Co. has published its 2023 Annual Report, including letters to shareholders from its Chairman & CEO and other business heads. Reference Link
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FSM | Hot Stocks06:17 EDT Fortuna Silver Mines reports Q1 gold equivalent production of 112,543 ounces - Fortuna Silver Mines reports strong gold and gold equivalent production for the first quarter of 2024 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 89,678 ounces and 1.1M ounces, respectively, or 112,543 gold equivalent ounces, including lead and zinc by-products. Fortuna reiterates its 2024 annual production guidance range of 343 to 385 thousand ounces of gold and 4.0M-4.7M ounces of silver or between 457,000497,000 ounces of gold equivalent ounces, including lead and zinc by-products.
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UMC | Hot Stocks06:16 EDT UMC reports March revenue NT$18.17M, up 2.7% y/y - Reports January-March revenue NT$54.63M, up 0.78% y/y.
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CMCL | Hot Stocks06:13 EDT Caledonia Mining names James Mufara as COO - Caledonia Mining is pleased to announce that James Mufara has agreed to join the Caledonia group as COO with effect from May 1. James was previously at Harmony Gold Mining Company Limited where, as Regional General Manager, he headed a complex portfolio of operations consisting of five mines and 15,000 staff, mining 450koz of gold per annum.
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GOEV | Hot Stocks06:12 EDT Canoo announces partnership with Red Sea Global - Canoo announced its innovative electric vehicles will be used in a pilot program by Red Sea Global, the developer behind the regenerative tourism destinations The Red Sea and AMAALA. Red Sea Global will pilot Canoo's Lifestyle Vehicle, Lifestyle Delivery Vehicle 190, and the Bulldog pickup truck. The Canoo vehicles will be piloted for travel between Red Sea Global's international airport, its various resorts, facilities, and excursions. This trial will help tailor Canoo's zero-emission vehicles to RSG's use cases and mobility needs. Canoo's premium LV will provide transportation for guests traveling between Red Sea International Airport (RSI) and its resorts and residential properties. Likewise, Canoo's LDV 190 can help with the movement of guest luggage items between RSI and the various properties. Canoo's Bulldog fits the use case and needs of RSG's experience companies, Akun, WAMA, and Galaxea, for transporting guests to their various excursions.
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ZURA | Hot Stocks06:11 EDT Zura Bio announces Robert Lisicki has assumed the role of CEO - Zura Bio announced that Robert Lisicki has assumed the role of CEO and a Director of the Board at Zura Bio. The company previously announced Lisicki's appointment and the commencement of a seamless transition process with Founding CEO, Dr. Someit Sidhu. This transition marks a key milestone in the company's journey towards building a leading immunology company.
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IPG | Hot Stocks06:10 EDT Savage Ventures signs two-year exclusive contract with Primis - Savage Ventures signed a two-year exclusive contract with Primis for American Songwriter. American Songwriter has been enriching the music community by assisting millions of music fans and songwriters in exploring the craft of music. In collaboration with Primis, American Songwriter has expanded its video distribution and brought a more relevant video experience to American Songwriter's audience.
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OGN | Hot Stocks06:09 EDT Organon, Shanghai Henlius Biotech: Phase 3 study of HLX14 met primary endpoints - Shanghai Henlius Biotech and Organon announced that the phase 3 comparative clinical trial for the investigational Prolia and Xgeva biosimilar HLX14 met the primary endpoints. In 2022, Henlius entered into a license and supply agreement with Organon for the exclusive commercialization rights to two biosimilar candidates, including HLX14. The agreement covers markets such as the United States, the European Union, and Canada. An exception to the agreement is China.
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UCAR | Hot Stocks06:08 EDT U Power to launch commercial operation for EV battery swapping system - U Power Limited announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles is poised for a formal commercial rollout in Wuhu, Anhui Province, China. The rollout, which is expected to take place during April 2024, follows a successful round of market validations in February. As part of this expansion, U Power plans to establish 60 power-swapping service points which will cater to over 800 customers. The battery-swapping and sharing technology for two-wheeled and light four-wheeled EVs involves the use of identical battery cells and packaging methods. The battery packs for both types of EV are stored in a single battery-swapping station. When customers need to swap batteries, they can take one to two battery modules for two-wheeled EVs, or four to eight modules for light four-wheeled EVs. The battery-swapping process is straightforward and user-friendly, with the user verifying their identity at the BSS with their mobile phone and following a series of simple prompts to access and swap their batteries.
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DCO | Hot Stocks06:07 EDT Ducommun confirms unsolicited $60.00 per share cash bid from Albion River - Ducommun confirmed that the company's Board of Directors has received an unsolicited non-binding indication of interest from Albion River, a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash. Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the Board of Directors will carefully review and consider the proposal to determine if it is in the best interest of the Company and Ducommun's shareholders. The company's shareholders do not need to take any action at this time and the Board has made no decision with respect to the company's response to the indication of interest.
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YOU AXP | Hot Stocks06:06 EDT CLEAR, American Express renew partnership to provide travel experiences - CLEAR (YOU) is extending its partnership with American Express (AXP) as the companies recommit to delivering premium value to Members and enhancing the airport experience. Amid ongoing high demand for air travel, this partnership allows eligible American Express Card Members who enroll in CLEAR and pay using their American Express credit cards to receive up to $189 in annual statement credits for their membership purchases. CLEAR Plus provides Members with a more predictable travel experience at airport checkpoints by allowing them to verify their identity with their eyes, fingerprints, or face and get directly to physical security before heading to their gate.
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CHRD ERF | Hot Stocks06:05 EDT Chord Energy, Enerplus announce expiration of HSR Act waiting period - Chord Energy Corporation (CHRD) and Enerplus Corporation (ERF) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the pending combination between Chord and Enerplus, expired on April 5, 2024. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the previously announced combination between Chord and Enerplus in a stock-and-cash transaction. The transaction is expected to close in the second quarter of 2024, subject to satisfaction of certain closing conditions. Chord anticipates that its definitive proxy statement relating to the special meeting of Chord stockholders to consider and vote upon the issuance of shares of Chord common stock in connection with the transaction and the amendment to its charter to increase the number of authorized shares of Chord common stock from 120,000,000 to 240,000,000 will be filed on April 9, 2024. The record date for the Chord stockholders entitled to vote at the special meeting is the close of business on April 8, 2024, and the special meeting is scheduled to be held on May 14, 2024. Enerplus anticipates that its management information circular relating to the special meeting of Enerplus shareholders to consider and vote upon the transaction will be filed and delivered to Enerplus shareholders in late April 2024 in advance of the shareholder meeting anticipated to be held in late May 2024.
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KBR | Hot Stocks06:03 EDT KBR awarded $450M in support, services contracts from U.S. Government - KBR has been awarded new contracts estimated at more than $450 million to deliver highly technical systems engineering support and services to the U.S. Government. Under the terms of these contracts, KBR will provide systems engineering, acquisition support, phenomenology expertise and data science, as well as applied research, communications security infrastructure, operations and maintenance support
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KMB ANSLY | Hot Stocks06:01 EDT Ansell to acquire Kimberly-Clark's PPE business for $640M - Ansell (ANSLY) announced it has entered into a binding agreement to acquire 100% of the assets that constitute Kimberly-Clark's (KMB) Personal Protective Equipment business for $640M. The acquisition is expected to complete by September 2024, subject to satisfaction of antitrust approval and other customary closing conditions. "For many years, we have assessed a combination with KCPPE as one of our most attractive acquisition opportunities and I'm delighted that we have now reached agreement with Kimberly-Clark that the optimal path forward for this business is under Ansell ownership," Ansell CEO Neil Salmon said.
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PHARM | Hot Stocks05:59 EDT Pharming Group completes enrollment in pediatric clinical trial of leniolisi - Pharming Group announces the completion of patient enrollment in its Phase III clinical trial evaluating the investigational drug leniolisib, an oral, selective phosphoinositide 3-kinase delta inhibitor, in children aged 4 to 11 years with activated phosphoinositide 3-kinase delta syndrome. Leniolisib, marketed under the brand name Joenja in the U.S., received approval from the U.S. FDA for the treatment of APDS in adult and pediatric patients 12 years of age and older in March 2023. Pharming plans to include data from this 4-11-year-old trial in regulatory filings worldwide for the approval of leniolisib for pediatric patients with APDS, beginning in 2025.
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JVSA | Hot Stocks05:58 EDT JVSPAC Acquisition, Hotel101 Global sign merger agreement - The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates, and JVSPAC Acquisition Corporation, announced that they have entered into a definitive merger agreement. Hotel101 is a hotel prop-tech operator pioneering a globally standardized, asset-light "condotel" business model. Upon completion of the proposed business combination transaction, the combined entity is expected to be publicly listed on the NASDAQ under the ticker symbol "HBNB." Hotel101 is expected to have an equity value of over $2.3B following completion of the transaction, which is expected to close during the second half of 2024 subject to regulatory and shareholder approvals and other customary closing conditions.
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ACN | Hot Stocks05:55 EDT Accenture to acquire Climb, no terms disclosed - Accenture has agreed to acquire Climb, a technology services provider specializing in system integration, IT infrastructure management and operations, primarily in the Gunma Prefecture. The acquisition of Climb brings more critical skills for global organizations in Japan to navigate technology change. Completion of the acquisition is subject to customary closing conditions.
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RIO | Hot Stocks05:54 EDT Rio Tinto names Bold Baatar as Chief Commercial Officer - Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf Barrios as Chief Commercial Officer, following his decision to retire from Rio Tinto. Bold, who is currently Chief Executive Copper, will take on accountability for business development immediately, and will relocate to Singapore to take up the role of Chief Commercial Officer on September 1. His successor as Chief Executive Copper will be announced in due course. In order to ensure a smooth transition, Alf will continue in his role as Chief Commercial Officer until the end of August, and thereafter as Chair for China, Japan and Korea, and Executive Committee member, until his retirement at the end of 2024.
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BDTX | Hot Stocks05:53 EDT Black Diamond Therapeutics presents preclinical data on BDTX-1535 at AACR - Black Diamond Therapeutics presented real-world evidence of the evolving epidermal growth factor receptor mutation landscape in non-small cell lung cancer, and the potential of BDTX-1535 to address a broader range of mutations compared to existing therapies. The results were disclosed in an oral presentation on April 7 at the 2024 American Association of Cancer Research Annual Meeting held in San Diego, California. The oral presentation, titled "BDTX-1535 - A MasterKey EGFR Inhibitor Targeting Classical, Non-Classical and the C797S Resistance Mutation to Address the Evolved Landscape of EGFR Mutant NSCLC," evaluated more than 235,000 sequenced cases of NSCLC sourced from Guardant Health and Foundation Medicine. The analyses reveal a broad spectrum of non-classical mutations, as well as an increased prevalence of the acquired resistance mutation, C797S. Over 100 unique non-classical EGFR oncogenic driver mutations were identified in newly diagnosed patients with NSCLC, and these non-classical EGFR mutations were present in 20-30% of patients across all lines of treatment. Preclinical data demonstrated that BDTX-1535 potently inhibits more than 50 clinically relevant, non-classical EGFR mutations (as well as the classical L858R and exon19-del mutations) while sparing wild-type EGFR. The compound also potently inhibits the drug resistance C797S mutation, which emerges following treatment with third-generation EGFR inhibitors, including osimertinib. Real-world data indicate non-classical EGFR mutations can be co-expressed with classical mutation L858R, a setting that has been characterized by shorter duration of response to osimertinib first-line therapy. Preclinical data show that BDTX-1535 potently inhibits these co-expressed non-classical mutations. Phase 1 proof-of-concept data demonstrating durable responses in recurrent NSCLC patients with both non-classical and acquired resistance C797S mutations were presented in October 2023. Black Diamond is currently advancing BDTX-1535 in a Phase 2 trial for patients with EGFRm NSCLC across multiple lines of therapy. Patients are being enrolled both in a first-line setting (for those expressing EGFR non-classical mutations) and in second- and third-line settings following prior treatment with an EGFR inhibitor. Initial results from 2L/3L patients are anticipated in the third quarter of 2024.
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