Stockwinners Market Radar for July 08, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HOOD | Hot Stocks20:35 EDT Robinhood General Counsel sells $285K in common stock - In a regulatory filing, Robinhood disclosed that its General Counsel Daniel Gallagher sold 12.5K shares of common stock on July 3rd in a total transaction size of $285K.
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NTLA | Hot Stocks20:04 EDT Cathie Wood's ARK Investment bought 185K shares of Intellia Therapeutics today
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RXRX | Hot Stocks20:03 EDT Cathie Wood's ARK Investment bought 423K shares of Recursion Pharmaceuticals
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IONM | Hot Stocks19:50 EDT Assure Holdings Corp trading halted, news pending
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MRNA | Hot Stocks19:09 EDT Moderna, Mitsubishi Tanabe enter joint pact to promote mRNA vaccine in Japan - Moderna and Mitsubishi Tanabe Pharma Corporation announced that the companies have entered into a joint agreement regarding the co-promotion of Moderna's mRNA respiratory vaccine portfolio in Japan, including Moderna's COVID-19 vaccine, Spikevax. Under the agreement, Moderna will handle the manufacturing, sales, medical education and distribution of its mRNA respiratory vaccines. Both companies will engage in activities to enable broad access to Moderna's mRNA respiratory portfolio to have the maximum impact on public health in Japan. The agreement has an initial term until March 31, 2029 and no further details on the financial terms of the deal are being disclosed. "We are pleased to partner with Mitsubishi Tanabe Pharma to enable the commercialization of our COVID-19 vaccine and future mRNA respiratory vaccine portfolio to the people of Japan," said Kazumasa Nagayama, President and Representative Director of Moderna Japan. "Mitsubishi Tanabe Pharma has a significant heritage in Japan and has long contributed to public health through numerous vaccines and possesses extensive experience and deep knowledge in this area. We look forward to working together to provide our COVID-19 vaccine in Japan, given the virus continues to pose a significant threat to public health."
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HLIO | Hot Stocks18:46 EDT Helios drops after placing CEO on leave amid investigation - Shares of Helios Technologies are moving lower after the company plead Josef Matosevic, its President, Chief Executive Officer and Director, on a paid leave effective July 1, immediately as a result of allegations of a potential violation of the company's Code of Business Conduct and Ethics. Matosevic's leave is pending completion of an ongoing investigation being conducted by the board with the assistance of outside legal counsel. "The alleged conduct that prompted this review does not relate to, and does not impact, the Company's strategy or financial reporting," Helios said in a regulatory filing. The board pointed Sean Bagan, Chief Financial Officer, to also serve as the company's Interim President and Chief Executive Officer. Shares of Helios are down 6% to $43.33 in after-hours trading.
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RCUS | Hot Stocks18:04 EDT Arcus Biosciences says Taiho exercises option for quemliclustat - Arcus Biosciences and Taiho Pharmaceutical Co. announced that Taiho exercised its option for quemliclustat, an investigational small molecule CD73 inhibitor, in Japan and certain other territories in Asia (excluding mainland China). This option exercise is based on an option and license agreement between Taiho and Arcus contracted in September 2017. This is the fourth option exercise by Taiho to an Arcus program. In exchange for the exclusive license of quemliclustat, Taiho will make an option exercise payment, as well as additional payments upon achievement of clinical, regulatory and commercialization milestones, and, if any products from the program are approved, will pay royalties on net sales of such products. Quemliclustat is an investigational small molecule CD73 inhibitor. In 2024, Arcus plans to initiate the global, registrational Phase 3 study PRISM-1, comparing quemliclustat plus chemotherapy to chemotherapy alone as a treatment for patients with previously untreated metastatic pancreatic ductal adenocarcinoma. Advancement to a Phase 3 study is based on overall survival results observed in the Phase 1b ARC-8 study that were presented earlier this year at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Through this collaboration, Taiho will further support the development and potential commercialization of quemliclustat and will operationalize the PRISM-1 study in Japan as part of its mission to deliver innovative drugs to patients and medical professionals.
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PEGY | Hot Stocks18:01 EDT Pineapple Energy formalizes agreement with Conduit Capital - Pineapple Energy has engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital raising activities. Conduit Capital is a group known for connecting companies to mission aligned investors. The partnership also includes the addition of key talent to assist the Pineapple team, all of whom have industry-specific experience in Pineapple's various business sectors.
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KPTI | Hot Stocks17:58 EDT Karyopharm's padnarsertib granted FDA orphan designation in sarcoma treatment - The FDA granted orphan designation to Karyopharm's padnarsertib as a treatment of soft tissue sarcoma, according to a post to the agency's website. Reference Link
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QCOM | Hot Stocks17:50 EDT Qualcomm COO Palkhiwala sells $617K in company shares - Qualcomm COO Akash Palkhiwala disclosed the sale of 3,000 shares of company stock at $205.61 per share on July 5, for a total transaction amount of $616,815.
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HCC | Hot Stocks17:45 EDT Warrior Met Coal CEO Scheller sells 23,148 common shares - In a regulatory filing, Warrior Met Coal CEO Walter Scheller disclosed the sale of 23,148 common shares of the company on July 3 at a price of $75.15 per share.
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KYMR SNY | Hot Stocks17:39 EDT Kymera Therapeutics jumps 10% to $35.09 after expanding phase 2 trials - Shares of Kymera Therapeutics (KYMR) are up 10% at $35.09 afterhours after the company announced that following a review of preliminary KT-474 safety and efficacy data by an Independent Data Review Committee, Sanofi (SNY) has informed Kymera that it intends to expand the ongoing Hidradenitis Suppurativa HS and Atopic Dermatitis AD Phase 2 trials to more rapidly progress towards pivotal studies.
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UNM | Hot Stocks17:32 EDT Unum Group sells Medical Stop Loss business to Amynta Group, no terms - Unum Group announced that it has entered into a definitive agreement whereby the Amynta Group, an insurance services provider, will acquire Unum Group's Medical Stop Loss business. The business will operate as a full-service managing general underwriter under Amynta Risk Solutions. The business provides medical stop loss coverage to a diversified group of employers and industries across the United States. Terms of the sale were not disclosed. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
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NTLA | Hot Stocks17:18 EDT BlueAllele sues Intellia for patent infringement regarding 'insertion templates' - BlueAllele Corporation filed a patent infringement lawsuit against Intellia Therapeutics in the United States District Court for the District of Delaware. The complaint alleges infringement of BlueAllele's bi-directional insertion template patents, which cover the company's transformational platform used in the development and treatment of genetic diseases. The novel design of BlueAllele's bi-directional insertion template technology has unlocked the full potential of the cell's highly active NHEJ pathway. ...As alleged in the complaint, Intellia has utilized BlueAllele's patented platform technology to advance internal programs as well as external collaboration programs....BlueAllele develops methodologies for single-dose in vivo treatments to cure the most debilitating and devastating genetic diseases. BlueAllele has actively protected its inventions resulting in a substantial patent estate. "BlueAllele's patents cover our novel and innovative technology for achieving precise gene editing," said Dr. Nicholas J. Baltes, BlueAllele's chief scientific officer. "Protecting BlueAllele's intellectual property is a critical part of our business." ..."The purpose of this lawsuit is to protect our patent rights and to ensure our ability to continue conceiving and advancing transformational technologies for patients with genetic diseases."
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SNOW | Hot Stocks17:13 EDT Snowflake EVP Kleinerman sells 15,000 class A shares - In a regulatory filing, Snowflake executive VP Christian Kleinerman disclosed the sale of 15,000 class A common shares of the company on July 5 at a price of $142.98 per share.
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MDBH | Hot Stocks17:11 EDT MDB Capital teams with Mayo Clinic to advance anti-senescence platform - MDB Capital Holdings announced a collaboration through a patent and know-how agreement with Mayo Clinic to develop a small molecule anti-senescence platform. This collaboration aims to advance research in longevity and age-related disease prevention. Senescent cells, which are dysfunctional cells that have permanently stopped dividing, have been implicated in the aging process and the development of chronic low-grade inflammation. This chronic inflammation has been linked to a variety of age-related diseases, including multiple fibrotic conditions that have limited treatment options and poor prognoses.Studies conducted at Mayo Clinic have shown the potential of the licensed molecule to target and eliminate senescent cells with a significant therapeutic window, reversing fibrosis across multiple conditions. The global longevity and anti-senescence therapy market is projected to reach nearly $45 billion by 2030
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AC | Hot Stocks17:09 EDT Associated Capital sees Q2 book value $42.75-$42.95 - Associated Capital announced a preliminary range for its second quarter book value of $42.75 to $42.95 per share. This compares to $42.80 per share at March 31, $42.11 per share at December 31, 2023 and $41.41 per share at June 30, 2023.
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SWKH | Hot Stocks17:08 EDT SWK Holdings names Adam C. Rice as new CFO - SWK Holdings "announces the appointment of Adam C. Rice, CPA, as Chief Financial Officer of the company and the promotion of Courtney Baker, CPA, to Controller. With over 18 years of senior-level finance and accounting leadership experience, Rice has led financial operations management, corporate financial planning and analysis, strategic planning and financial statement reporting. He was previously CFO of Park Cities Asset Management, an SEC registered alternative investment advisory firm. Baker initially joined SWK Holdings as Assistant Controller in July 2023. Prior to SWK, she worked for a leading government services contractor in the defense and aerospace industry, specializing in revenue recognition. Her background includes technical accounting, SEC reporting, M&A activity, due diligence, purchase price allocation, and system integration."
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EBS JNJ | Hot Stocks17:07 EDT J&J's Janssen to pay Emergent's EMOB $50M as part of settlement - On July 3, Emergent BioSolutions (EBS) its wholly owned subsidiary, Emergent Manufacturing Operations Baltimore, or EMOB and Janssen Pharmaceuticals, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ) executed a confidential Settlement Agreement and Releas to resolve all claims among the Parties arising from a manufacturing services agreement between EMOB and Janssen for large-scale drug substance manufacturing of Johnson & Johnson's investigational SARS-CoV-2 vaccine, Ad26.COV2-S, recombinant based on the AdVac technology . The Settlement Agreement also resolves the Parties' related and previously disclosed arbitration. Pursuant to the terms of the Settlement Agreement, Janssen will pay the Company $50M on or before the later of July 31 and 28 calendar days following the effective date of the Settlement Agreement. In addition, the Settlement Agreement contains broad releases of the Parties, their affiliates and subsidiaries, representatives, officers, directors and shareholders, including releases of all claims related to the manufacture of the Product by EMOB, the MSA, or any agreement or understanding between the Parties concerning the Product, and the matters at issue in the arbitration. Reference Link
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ASR | Hot Stocks16:34 EDT Asur reports June passenger traffic up 3.8% - Asur announced that passenger traffic for June 2024 reached a total of 6.1 million passengers, representing an increase of 3.8% compared to June 2023. Passenger traffic presented year-on-year increases of 24.5% in Colombia and 11.6% in Puerto Rico while traffic in Mexico declined 5.5%. Passenger traffic growth in Colombia was driven by increases of 33.1% in international traffic and 22.3% in domestic traffic. Puerto Rico also reported growth in both domestic and international traffic, up 10.9% and 16.1%, respectively. Mexico, however, presented declines of 5.7% and 5.2% in domestic and international traffic, respectively.
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D AGR | Hot Stocks16:33 EDT Dominion subsidiary to acquire CVOW-South from Avangrid for $160M - Virginia Electric and Power Company, a wholly owned subsidiary of Dominion Energy (D), announced that it has agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments, which will be known as CVOW-South, from Avangrid (AGR), for approximately $160M, inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. If approved by regulators and constructed, CVOW-South would have a capacity of 800 MW, enough capacity to serve 200,000 homes and businesses, and the project would connect to the company's transmission grid. The company does not have detailed cost or in-service date estimates at this time. Such estimates would be developed during future development phases. The company is aware of the community concerns regarding the proposed landing site in Sandbridge, Va., and is committed to working closely with the community, the Commonwealth of Virginia, and the City of Virginia Beach as it considers this project. After receipt of necessary approvals from the Bureau of Ocean Energy Management and the City of Virginia Beach, Dominion Energy and Avangrid expect to close the transaction in the fourth quarter of 2024.
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AGO | Hot Stocks16:30 EDT Assured Guaranty to combine its U.S. financial guaranty insurers - Assured Guaranty announced that Assured Guaranty Municipal Corp. (AGM) will merge into Assured Guaranty Inc. (AG), which was named Assured Guaranty Corp. until May 24, 2024. The effective date of the merger is expected to be August 1, 2024. "We see this merger as beneficial for all our stakeholders," said Dominic Frederico, President and CEO. "It will result in more efficient utilization of the combined capital of the two companies, and it will simplify the administration and eliminate duplicative expenses of Assured Guaranty's U.S. financial guaranty operations. Over its nearly 40 years in the financial guaranty business, Assured Guaranty has continually evolved, constantly looking for ways to better serve our customers and grow our business. This merger further positions us to achieve those goals." In connection with the merger of AGM into AG, the MIA approved a $300 million stock redemption (sometimes described as a "special dividend") by the combined company, which is expected to be effectuated shortly following the merger.
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ESE | Hot Stocks16:26 EDT Esco to acquire Ultra Maritime signature management and power business for $550M - Esco Technologies announced that it has agreed to acquire the Signature Management & Power business of Ultra Maritime for a purchase price of $550M. The transaction will be funded through cash on hand and incremental debt, with committed financing in place. The business is headquartered in Long Island, New York, operates out of four facilities based in the U.S. and the UK, and has approximately 410 employees. Signature Management & Power will become part of Esco's Aerospace & Defense segment and is expected to have approximately $175M of revenue in calendar year 2024, with adjusted EBITDA margins in excess of A&D segment margins.
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MDBH | Hot Stocks16:25 EDT MDB Capital teams with Mayo Clinic toadvance anti-senescenceplatform, no terms - MDB Capital Holdings announced a collaboration through a patent and know-how agreement with Mayo Clinic to develop a small molecule anti-senescence platform. This collaboration aims to advance research in longevity and age-related disease prevention. Senescent cells, which are dysfunctional cells that have permanently stopped dividing, have been implicated in the aging process and the development of chronic low-grade inflammation. This chronic inflammation has been linked to a variety of age-related diseases, including multiple fibrotic conditions that have limited treatment options and poor prognoses.Studies conducted at Mayo Clinic have shown the potential of the licensed molecule to target and eliminate senescent cells with a significant therapeutic window, reversing fibrosis across multiple conditions. The global longevity and anti-senescence therapy market is projected to reach nearly $45 billion by 2030
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NN | Hot Stocks16:22 EDT NextNav gets DOT award for PNT Services as GPS backup test - NextNav announced a new award from the U.S. Department of Transportation DOT to conduct real-world field tests of its 3D PNT technologies to provide PNT information to meet critical infrastructure needs when GPS service is not available and/or degraded due environmental, unintentional, and/or intentional disruptions. As a part of this project, the U.S. DOT will test NextNav's 3D PNT technology, a terrestrial solution that delivers PNT as a complement and backup to GPS. This award comes from the U.S. DOT Volpe Center and is a part of its Complementary PNT Action Plan. According to the DOT, these awards will "facilitate adoption into systems that depend on secure and reliable PNT services."This new award from the U.S. DOT comes as NextNav is petitioning the FCC to reconfigure the lower 900 MHz spectrum band, 02-928 MHz, to optimize its use for a terrestrial complement and backup to GPS as well as additional spectrum for 5G broadband. I
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KYMR SNY | Hot Stocks16:19 EDT Kymera expands HS and AD Phase 2 trials following review - Kymera Therapeutics (KYMR) announced that following a review of preliminary KT-474 safety and efficacy data by an Independent Data Review Committee, Sanofi (SNY) has informed Kymera that it intends to expand the ongoing Hidradenitis Suppurativa HS and Atopic Dermatitis AD Phase 2 trials to more rapidly progress towards pivotal studies. "We are pleased that Sanofi has taken steps to expand these studies, as we are firm believers in the potential for KT-474 to address significant unmet needs with large market potential," said Nello Mainolfi, PhD, Founder, President and CEO, Kymera Therapeutics. "This expansion, supported by the results of the interim analysis, is intended to accelerate overall timelines and inform future registrational trials. We look forward to sharing further information as it is available, including trial designs and updated timing for the expanded Phase 2 data readouts."
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QGEN | Hot Stocks16:16 EDT Qiagen to enhance ID of indigenous people and African Americans remains - Qiagen announced a partnership with the Snow Molecular Anthropology Lab at the University of Montana in the fields of human identification and forensics. The partnership aims to provide forensic services for missing and murdered Indigenous people or MMIP and unidentified human remains or UHRs, using DNA technologies such as next-generation sequencing NGS and forensic investigative genetic genealogy FIGG. Within this long-term partnership, QIAGEN supports the Snow Molecular Anthropology Lab with a MiSeq FGx sequencing system, training, ForenSeq Kintelligence kits and the ForenSeq Kintelligence HT System. These tools will be used by the Snow Lab, in partnership with both the non-profit group Ohkomi Forensics, in building the first indigenous-owned DNA database with the ForenSeq Kintelligence HT system and the Principal Research Group collaborators in identifying the remains of 95 African American individuals unearthed during construction in Sugar Land, Texas . "Our collaboration with the Snow Lab exemplifies QIAGEN's commitment to advancing forensic science and giving answers to victims and their families," said Richard Price, Vice President and head of the HID and Forensics business at QIAGEN. "With our MiSeq FGx and the ForenSeq Kintelligence workflows, we provide forensic scientists with a complete next-generation sequencing solution for identifying human remains, ensuring accurate results and respectful handling of sensitive cases."
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HLIO | Hot Stocks16:15 EDT Helios Technologies names Sean Bagan interim president and CEO - Helios Technologies announced its Board of Directors has appointed Sean Bagan to serve as Interim President and Chief Executive Officer in addition to his role as Chief Financial Officer, effective immediately. The Board has also appointed Philippe Lemaitre, to serve as Executive Chairman in addition to his role as Chairman of the Board effective July 1, 2024. These appointments follow the decision by the Board to place Josef Matosevic, the Company's President, Chief Executive Officer and Director, immediately on a paid leave effective July 1, 2024, as a result of allegations of a potential violation of the Company's Code of Business Conduct and Ethics. Mr. Matosevic's leave is pending completion of an ongoing investigation being conducted by the Board with the assistance of outside legal counsel. Helios will make further announcements regarding this matter when the Board approves any course of action for which further disclosure is appropriate. The alleged conduct that prompted this review does not relate to, and does not impact, the Company's strategy or financial reporting.
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HR | Hot Stocks16:13 EDT Healthcare Realty Trust provides Q2 operations, capital allocation update - Healthcare Realty Trust provided a second quarter update on its operational and capital allocation momentum. In the second quarter, new signed leases totaled 432,000 square feet, the fourth consecutive quarter above 400,000. Multi-tenant absorption in the second quarter was 122,000 square feet. Combined with the first quarter, multi-tenant absorption for the first half of the year was 183,000 square feet, which was above the guidance range of 90,000 to 140,000 square feet provided in the company's multi-tenant occupancy and NOI Bridge. Over the last three quarters, multi-tenant occupancy has increased 371,000 square feet, representing approximately 110 basis points of positive absorption. Steward Health has paid substantially all rent owed for June and July. In the second quarter, Healthcare Realty expects to reserve approximately $3M of unpaid pre-bankruptcy rent, which includes a portion of March, all of April, and the first five days of May. Rent owed for May following Steward's bankruptcy filing on May 6 is expected to be paid as part of the outcome of the bankruptcy process. As previously disclosed, Healthcare Realty has generated approximately $400M of proceeds from joint venture, or JV, and asset sale transactions year-to-date. The company also has additional asset sales and JV transactions under contract or LOI that are now expected to increase proceeds to over $1B. This includes expected proceeds from asset contributions to the company's KKR and Nuveen Real Estate JVs. The majority of these transactions are expected to be completed in the third quarter, and proceeds will fund accretive, leverage neutral share repurchases and existing capital commitments.
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NDAQ | Hot Stocks16:13 EDT Nasdaq reports June U.S. equity options volume 250M Vs 270M last year - Reference Link
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ESEA | Hot Stocks16:10 EDT Euroseas announces new time charter contract, other developments - Euroseas announced a new time charter contract for its feeder containership, M/V Joanna, built in 1999 with capacity of 1732 teu, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at an average gross daily rate of $16,500. The charter for M/V Joanna will commence after the completion of her scheduled drydock, expected around end of October. The company also announced that on June 24, it took delivery of M/V Stephania K, its second fuel efficient 1,800 teu feeder containership newbuilding, from Hyundai Mipo Dockyard in South Korea. The vessel is equipped with a Tier III engine and other sustainability-linked features including installation of AMP. Following its delivery, M/V Stephania K commenced a 23 to 25 months charter at a rate of $22,000/day. In addition, the company announced that its M/V EM Astoria, a 2,788 teu feeder containership vessel built in 2004, was successfully delivered to its new owners on June 26. As previously announced, the vessel was sold for approximately $10M, resulting in a gain on sale of more than $5.5M or about $0.80/share and having contributed to the company total earnings of about $42.8M since its acquisition in 2017.
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FLR | Hot Stocks16:09 EDT Fluor completes final weld on first production train at LNG Canada project - The company states: "Fluor is pleased to announce completion of the final weld on the first production train at the LNG Canada project, in Kitimat, British Columbia, Canada. This marks a pivotal moment in the construction of one of the largest energy projects in Canadian history. The final weld took 48 hours of continuous work from teams of welders working in shifts. More than 380 pipe welders have worked on the project since construction began in 2018. LNG Canada is a joint venture between Shell, Petronas, PetroChina, Mitsubishi Corporation and Korea Gas Corporation. The project will have an initial capacity to produce 12.7 metric tonnes (14 million tons) of LNG per year with first shipment expected by the middle of 2025."
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VET | Hot Stocks16:06 EDT Vermilion Energy announces TSX approval of NCIB - "We are pleased to announce that the Toronto Stock Exchange has approved the notice of Vermilion's intention to commence a normal course issuer bid through the facilities of the Toronto Stock Exchange, New York Stock Exchange and other alternative trading platforms in Canada and USA. The NCIB allows Vermilion to purchase up to 15,689,839 common shares, representing approximately 10% of its public float as at June 28, 2024, over a twelve month period commencing on July 12, 2024. The NCIB will expire no later than July 11, 2025. The total number of common shares Vermilion is permitted to purchase on the TSX is subject to a daily purchase limit of 180,974 common shares, representing 25% of the average daily trading volume of 723,899 common shares on the TSX calculated for the six-month period ended June 30, 2024; however, Vermilion may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Vermilion."
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CNM | Hot Stocks16:06 EDT Core & Main announces executive leadership changes - Core & Main announces changes to its executive leadership team. Jack Schaller, president, has announced that he will transition to a role as executive vice president. As part of this transition, Schaller will continue supporting the integration of our newly acquired businesses, leading supplier relations and assisting with this organizational transition. Brad Cowles, president, will be expanding his role to lead the waterworks product line, previously led by Schaller. Cowles has more than 18 years of leadership experience in the organization, most recently leading the fire protection product line. In addition to his core waterworks responsibilities, Cowles will have responsibility for several growth and margin initiatives.
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DOCN | Hot Stocks16:05 EDT DigitalOcean names Wade Wegner chief ecosystem and growth officer - DigitalOcean Holdings announced that Wade Wegner joined the company as Chief Ecosystem and Growth Officer. This unique and critical position bridges the gap between research and development and go-to-market strategy. In this executive role, Wegner will oversee Developer Relations, Marketing, Growth, and Partnerships. "Wade is a transformative technology leader who blends deep technical expertise with strategic vision," said Paddy Srinivasan, CEO DigitalOcean. "He brings robust developer relations and developer ecosystem experience to our team, at a time when the development landscape is rapidly evolving with AI/ML. Our community content is also central to our mission. Every month, millions of people rely on our content to solve problems and drive innovation. We offer thousands of tutorials and have a vibrant community of users who generate more content each day. We are excited to bring Wade on board to help us continue to develop this community to support developers."
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FRES | Hot Stocks16:04 EDT Fresh2 Group announces one-for-ten reverse ADS split - Fresh2 Group announced that it will change the ratio of its American depositary shares, or ADSs, to its Class A ordinary shares from one ADS representing 20 Class A ordinary shares to one ADS representing 200 Class A ordinary shares. The ADS ratio change is expected to become effective on July 10. For the company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-ten reverse ADS split. There will be no change to the company's Class A ordinary shares. On the effective date, registered holders of the company's ADSs held in certificated form will be required on a mandatory basis to surrender their certificated ADSs to Citibank, the depositary bank, for cancellation and will receive one new ADS in exchange for every 10 existing ADSs surrendered. Holders of uncertificated ADSs in the Direct Registration System, or DRS, and The Depository Trust Company, or DTC, will have their ADSs automatically exchanged and need not take any action. The exchange of every 10)then-held ADSs for one new ADS will occur automatically at the effective date, with the then-held ADSs being cancelled and new ADSs being issued by the depositary. The company's ADSs will continue to be traded on Nasdaq under the ticker symbol (FRES).
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TLNE TLN | Hot Stocks16:04 EDT Talen Energy expects to start trading on Nasdaq Global Select Market on July 10 - Talen Energy expects that its common stock will commence trading on the Nasdaq Global Select Market under the symbol "TLN" at open of market on Wednesday, July 10, and cease trading on the OTCQX Best Market at close of market on Tuesday, July 9.
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TLNE | Hot Stocks16:01 EDT Talen Energy expects to commence trading on Nasdaq Global Select Market on 7/10 - Talen Energy expects that its common stock will commence trading on the Nasdaq Global Select Market under the symbol "TLN" at open of market on Wednesday, July 10, and cease trading on the OTCQX Best Market at close of market on Tuesday, July 9.
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MCACU | Hot Stocks16:00 EDT Monterey Capital Acquisition Corp trading resumes
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UAL | Hot Stocks15:59 EDT United Airlines files DOT application for new daily flight between DCA, SFO - United Airlines filed an application with the U.S. Department of Transportation, or DOT, for a new daily roundtrip flight between Ronald Reagan Washington National Airport, or DCA, and San Francisco International Airport, or SFO. If approved, the new route will give customers more nonstop options between DCA and SFO and provide connections from SFO to about two dozen domestic markets within the Western U.S. - as well as seven international destinations. At least nine of these destinations are without United connection options to DCA via San Francisco. As an alternate proposal to United's additional DCA-SFO flight, United has applied for its first-ever DCA-Los Angeles, or LAX, flight.
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MCACU | Hot Stocks15:59 EDT Monterey Capital Acquisition Corp trading halted, volatility trading pause
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OPXS | Hot Stocks15:07 EDT Optex Systems awarded $2.5M order for Laser Filter Units - Optex Systems announced it has been awarded a new contract for Laser Filter Units supporting the XM-157 NGWS Scope. The order value is $2.5M with deliveries covering August 2024 through July 2025. With this new order, the current Optex backlog is in excess of $47M.
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SO | Hot Stocks15:05 EDT Southern Company officer Anthony Wilson sells approximately $536K in shares - Southern Company officer Anthony Wilson disclosed the sale of 6,900 shares of company stock at $77.61 per share on July 5, for a total transaction amount of $535,509.
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NTDOY... | Hot Stocks14:37 EDT U.S. video game spending fell 6% y/y in May, says Circana - Circana analyst Mat Piscatella said that projected U.S. total spending on video game hardware, content and accessories fell 6% in May 2024 when compared to a year ago, to $4B. Year-to-date 2024 spending was 2% higher than a year ago, at $22.8B. May 2024 content spending fell 3% compared to a year ago to $3.6B, as 13% growth in Mobile content spending could not offset a 40% drop in Console content spending. The May 2024 Console spending declines versus a year ago across hardware, content and accessories spending can be partially attributed to the strength of the launch of Nintendo's (NTDOY) "The Legend of Zelda: Tears of the Kingdom" in the May 2023 comparable period. May video game hardware spending declined 40% when compared to a year ago, to $202M, and is now 30% lower YTD. Through May, all current generation hardware platforms are showing double-digit percentage declines year-on-year in 2024, with Switch showing the most significant drop. Sony's (SONY) PlayStation 5 again led the month's hardware market in unit and dollar sales. Nintendo Switch once again finished 2nd in unit sales, while Xbox Series (MSFT) ranked 2nd in dollars. Through each console's first 43 months in market, PlayStation 5 unit sales lead those of PlayStation 4 by 8%, while Xbox Series trails Xbox One by 13% and remains slightly behind Xbox 360. On the software side, Sony's "Ghost of Tsushima" was the best-selling game of May 2024 in tracked dollar sales, boosted by the release of the title on Steam during the month. "Ghost of Tsushima" generated a slightly higher consumer spending total across physical and digital game sales than did physical-only sales of Nintendo's "Paper Mario: The Thousand-Year Door." Other top sellers for the month included Activision's "Call of Duty: Modern Warfare III," Sony's "Helldivers II" and "MLB The Show 24," Microsoft's "Sea of Thieves" and "Minecraft," Bandai Namco's (NCBDY) "Elden Ring," Warner Bros. Discovery's (WBD) "Hogwarts Legacy," and Sony's "Stellar Blade." Other publicly traded companies in the video game space include Tencent (TCEHY), Take-Two (TTWO), Electronic Arts (EA), Ubisoft (UBSFY), and NetEase (NTES). Reference Link
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DAC | Hot Stocks14:06 EDT Danaos adds $616M to contracted revenue backlog - Danaos Corporation announced that it has added $616M to its contracted revenue backlog and has added an extra five newbuilding containerships to its orderbook. The contract revenue backlog additions include approximately $203M of forward two-year charter fixtures for nine of its existing vessels and approximately $413M of charter fixtures for the new five newbuilding orders with an average charter duration of 4.8 years weighted by aggregate contracted charter hire. The five newbuilding orders with an aggregate contract price of $509M comprise of one additional 8,258 container vessel to be built at Yangzijiang shipyard in China expected to be delivered in 2027 and four 9,200 TEU container vessels to be built at Dalian shipyard in China, three of which have expected deliveries in 2027 and one vessel in 2028. All five vessels are designed with the latest eco characteristics, will be methanol fuel ready, fitted with open loop scrubbers and Alternative Maritime Power units and will be built in accordance with the latest requirements of the International Maritime Organization in relation to Tier III emission standards and Energy Efficiency Design Index Phase III. As a result of the recent activity, total contracted cash operating revenues, on the basis of concluded charter contracts through the date of this release, currently stand at $2.9B. The remaining average contracted charter duration is 3.1 years, weighted by aggregate contracted charter hire.
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AAPL | Hot Stocks13:36 EDT Apple approves Epic Games EGS iOS App for notarization, but wants redesign - Epic Games said in an earlier posting to its X account: "Apple has told some press channels that, though they have approved our current EGS iOS App for notarization, they are still demanding Epic change the user interface in a future version. ...Epic is disputing this..." On July 5, Epic Games posed onX: 1/3 Apple has rejected our Epic Games Store notarization submission twice now, claiming the design and position of Epic's "Install" button is too similar to Apple's "Get" button and that our "In-app purchases" label is too similar to the App Store's "In-App Purchases" label. Reference Link
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BA | Hot Stocks13:14 EDT FAA directive requires inspection of Boeing oxygen generators on certain planes - The Federal Aviation Administration , or FAA, is adopting a new airworthiness directive, or AD, for all The Boeing Company Model 737-8, 737-9, and 737-8200 airplanes and Model 737-700, -800, and -900ER series airplanes, the agency stated in a notice posted in the Federal Register. "This AD was prompted by multiple reports of passenger service unit - PSU - oxygen generators shifting out of position within their associated PSU assemblies because of a retention failure. This AD requires a general visual inspection of the PSU oxygen generator installation to determine the configuration of the thermal pads of the retention straps and applicable on-condition actions. This AD also prohibits the installation of affected parts. The FAA is issuing this AD to address the unsafe condition on these products," the notice stated. Reference Link
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C | Hot Stocks13:02 EDT Citi to cease operations in Haiti - Citi announced that it will cease its operations in Haiti and pursue the voluntary surrender of its banking license, with the approval of Banque de la Republique d'Haiti, or BRH. However, international banking and correspondent banking services will continue for existing clients. "This difficult decision is part of a strategic business review done against client segments and market conditions and was made in part due to diminished international activity and lower institutional client demand in the country. This decision will not have a material economic impact to Citi, nor to its international clients. Citi has maintained a presence in Haiti for more than 50 years. It has played a significant role in helping companies, institutions, individuals, and communities in the country achieve their financial objectives, in addition to promoting investments and other activities that have contributed to the country's growth. Citi has also supported NGOs delivering critical services to the country during times of crisis. Citi remains committed to Latin America and maintains a strong presence in the market, where it has operated for over a century and built an unmatched network to serve its clients," the company stated. Reference Link
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TGT | Hot Stocks12:45 EDT Target raises after back-to-school deals, Circle 360 pricing - Target earlier today announced back-to-school deals, including 20 supplies for under $20. The retailer also introduced monthly subscription pricing for Target Circle 360, starting at $4.99 per month for verified college students and $10.99 per month for all consumers, with unlimited same-day delivery. For a limited time, teachers can join the annual subscription for just $49 for the first year. "For teachers, Target Circle 360 same-day delivery is an easy and convenient solution for last-minute items, including must-have classroom supplies. And for parents with kids heading off to college, Target Circle 360 unlocks the opportunity to have something delivered straight to the student's dorm room - whether it's a forgotten dorm room must-have or a care package of all their favorite snacks from home," Target said in a statement. The stock in afternoon trading is up 2% to $149.00.
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TGT | Hot Stocks12:42 EDT Target - Target earlier today is delivering more value than ever for back-to-school and back-to-college shoppers. The retailer is kicking off the shopping season with more ways to save for teachers, parents and students preparing for the school year. From 20 must-have school supplies that add up to less than $20 and the lowest priced backpack in over 10 years, for just $5, to new ways for members of the retailer's free-to-join Target Circle program to save big, Target has consumers' backs when it comes to shopping for back-to-school.
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GLW | Hot Stocks12:02 EDT Corning rises 10.4% - Corning is up 10.4%, or $4.01 to $42.45.
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BNED | Hot Stocks12:02 EDT Barnes & Noble Education rises 11.4% - Barnes & Noble Education is up 11.4%, or 73c to $7.15.
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ANVS | Hot Stocks12:02 EDT Annovis Bio rises 39.5% - Annovis Bio is up 39.5%, or $4.39 to $15.49.
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CURV | Hot Stocks12:01 EDT Torrid falls -7.1% - Torrid is down -7.1%, or -57c to $7.35.
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GBX | Hot Stocks12:01 EDT Greenbrier falls -11.2% - Greenbrier is down -11.2%, or -$5.46 to $43.10.
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ZIM | Hot Stocks12:00 EDT ZIM Integrated falls -13.9% - ZIM Integrated is down -13.9%, or -$3.08 to $19.03.
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RHHBY | Hot Stocks11:49 EDT Genentech to reintroduce Susvimo for people with Wet AMD - Genentech announced the reintroduction of Susvimo 100 mg/mL for intravitreal use via ocular implant for the treatment of people in the United States with wet, or neovascular, age-related macular degeneration, following the end of a voluntary recall. The U.S. Food and Drug Administration has approved a post-approval supplement to the Biologics License Application for Susvimo, reflecting component-level updates made to the ocular implant and refill needle. Genentech will work to make Susvimo available in the U.S. to retina specialists and their patients with wet AMD in the coming weeks.
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JAGX | Hot Stocks10:39 EDT Jaguar Health announces issuance of European, Australian patents - Napo Pharmaceuticals announced that the European Patent Office and IP Australia, the Australian patent office, have each issued a new patent to Napo. The European patent covers methods for treating SBS, bile acid diarrhea, and diarrhea associated with small intestine resection or gallbladder removal, in patients with an inhibitor of chloride-ion transport such as crofelemer, Napo's novel plant-based prescription drug. The Australian patent covers methods of preventing, ameliorating and/or treating diarrhea associated with CDDs using a proanthocyanidin polymer composition such as crofelemer.
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DAWN | Hot Stocks10:33 EDT Day One jumps 9% to $14.98 after positive Piper physician survey
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LUV | Hot Stocks10:25 EDT Elliott says received supportive feedback about call for change at Southwest - Elliott Investment Management sent a letter to the Board of Southwest Airlines Co. summarizing the feedback received and key events that have occurred since the publication last month of Elliott's initial letter and presentation calling for leadership change. The company said, "According to the letter, the feedback Elliott has received is overwhelmingly consistent with its perspective that the Company's performance is unacceptable and leadership change is required to return Southwest to its once-leading position in the industry. Elliott noted that the actions of Southwest's Board of Directors and management team since its Stronger Southwest materials were published have only solidified the case for leadership change. According to the letter, these actions included adopting an antiquated and shareholder-unfriendly "poison pill" to prevent Elliott from increasing its stake above 12.5% on July 3, and appointing a new director to the Board today who appears to have been chosen in part due to his support for the Company's status-quo leadership and plan. These actions demonstrate how profoundly out of touch Southwest's Board has become with shareholder sentiment and with the reality of the situation, said the letter. It is crucial, Elliott wrote, that the Board understand that Southwest's leadership has already lost the trust of its shareholders, and that shareholders simply do not believe this Board and management team are capable of devising and executing a bold new plan to turn around Southwest. Elliott again outlined the following path to a higher-performing future for Southwest: Enhance the Board of Directors; Upgrade Leadership; Undertake a Comprehensive Business Review. Elliott indicated that it is open to collaborating with the Board on a path forward, but absent alignment Elliott intends to move expeditiously to give shareholders a direct say on the necessary leadership changes."
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PHIO | Hot Stocks10:05 EDT Phio Pharmaceuticals Corp trading resumes
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ABBNY | Hot Stocks10:05 EDT ABB, NASCAR launch electrification innovation partnership - ABB in the United States and NASCAR announced the ABB NASCAR Electrification Innovation Partnership and revealed a new EV prototype at the 2024 NASCAR Chicago Street Race. This partnership brings together world leaders in EV technology and auto racing to advance NASCAR's strategic ambitions across electrification. As part of the partnership, ABB in the United States will also help NASCAR achieve public sustainability targets around electrification and electric vehicle charging. While NASCAR is committed to the historic role of the combustion engine in racing, it is also committed to decarbonizing its operations and reducing its own carbon footprint to zero across its core operations by 2035 through electrification and innovative solutions.
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CME | Hot Stocks10:04 EDT CME Group appoints Mike Dennis as global head of fixed income - CME Group announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company's global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5- and 2-year notes. He will also lead BrokerTec and U.S. Repo trading. Dennis will report to CME Group Chairman and CEO Terry Duffy and serve on the company's Management Team. He will resign from the CME Group Board of Directors effective immediately and begin this position with the company on August 5. Tim McCourt will lead all the company's other financial business lines including equity indexes, foreign exchange and cryptocurrency futures and options, as well as its EBS spot FX platform, as Global Head, Equities, FX, and Alternative Products. He will continue to serve on the company's Management Team reporting to Duffy.
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KKR SCI | Hot Stocks10:03 EDT Global Atlantic, Service Corporation form partnership in preneed insurance - Global Atlantic Financial Group (KKR) announced a 10-year partnership with Service Corporation International (SCI), positioning it to become the preferred provider of preneed insurance for North America's largest provider of funeral, cremation and cemetery services. Preneed insurance is a type of life insurance policy created to help cover the costs associated with funeral expenses, providing peace of mind for the individual and alleviating the potential financial burden on their family. This preferred partnership provides Global Atlantic the opportunity to significantly grow its preneed business and positions the firm to become the number one provider of preneed insurance in North America, advancing its profile in the industry.
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ASC | Hot Stocks10:02 EDT Ardmore Shipping falls -5.5% - Ardmore Shipping is down -5.5%, or -$1.19 to $20.30.
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GBX | Hot Stocks10:01 EDT Greenbrier falls -7.1% - Greenbrier is down -7.1%, or -$3.45 to $45.11.
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IZEA | Hot Stocks10:01 EDT IZEA announces Q2 Managed Services bookings of $10.3M - IZEA Worldwide announced its Managed Services team secured contract bookings totaling $10.3 million in the second quarter of 2024, a 40% increase from $7.3 million in the second quarter of 2023. "In the second quarter of 2024, we continued to deliver impressive growth in Managed Services bookings, a testament to the hard work of our team and our overarching growth strategy," said Ted Murphy, CEO. "While we benefited from some of our acquisitions in the quarter, more than 90% of these bookings were generated organically, underscoring the underlying strength of IZEA's core offering. Managed Services reported a robust 46% year-over-year growth in the first half of the fiscal year, achieving $19.6M in net bookings compared to $13.3M during the same period in 2023. We expect improving overall financial performance in the back half of 2024 as we begin to see the benefits from these bookings. Our pipeline remains strong, with the addition of multiple new managed services clients, including a new Fortune 50 customer."
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ZIM | Hot Stocks10:01 EDT ZIM Integrated falls -13.3% - ZIM Integrated is down -13.3%, or -$2.94 to $19.17.
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GLW | Hot Stocks10:01 EDT Corning rises 8.8% - Corning is up 8.8%, or $3.39 to $41.83.
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UP | Hot Stocks10:01 EDT Wheels Up rises 12.1% - Wheels Up is up 12.1%, or 49c to $4.49.
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PHIO | Hot Stocks10:00 EDT Phio Pharmaceuticals Corp trading halted, volatility trading pause
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ANVS | Hot Stocks10:00 EDT Annovis Bio rises 13.5% - Annovis Bio is up 13.5%, or $1.49 to $12.59.
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ASC | Hot Stocks09:47 EDT Ardmore Shipping falls -6.4% - Ardmore Shipping is down -6.4%, or -$1.39 to $20.11.
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GBX | Hot Stocks09:47 EDT Greenbrier falls -8.2% - Greenbrier is down -8.2%, or -$3.96 to $44.60.
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ZIM | Hot Stocks09:47 EDT ZIM Integrated falls -10.3% - ZIM Integrated is down -10.3%, or -$2.28 to $19.83.
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SMR | Hot Stocks09:47 EDT Nuscale Power rises 4.8% - Nuscale Power is up 4.8%, or 59c to $12.81.
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GLW | Hot Stocks09:47 EDT Corning rises 6.6% - Corning is up 6.6%, or $2.52 to $40.96.
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MSC | Hot Stocks09:47 EDT Studio City rises 10.2% - Studio City is up 10.2%, or 73c to $7.92.
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ESAIY | Hot Stocks09:46 EDT Eisai to begin enrolling study in patients with narcolepsy - Eisai announce that screening for Study E2086-A001-101 to assess the efficacy, safety and tolerability of E2086, a novel selective orexin-2 receptor, is now registered on ClinicalTrials.gov as NCT06462404. Study sites are also planned for Canada. Study 101 is a five-period, single-dose crossover study in adult patients with narcolepsy type 1. Three dose strengths of E2086 will be assessed compared with placebo and an active comparator using objective and patient-reported measures of wake promotion. Narcolepsy is a sleep disorder resulting from disorganization of the sleep/wakefulness cycle. In patients with NT1, excessive daytime sleepiness and cataplexy are reported in association with low levels of the neurotransmitter orexin. As a selective orexin-2 receptor agonist, E2086 is hypothesized to compensate for the loss of orexin in patients with NT1. In nonclinical studies, E2086 was shown to increase wake time and decrease cataplexy-like episodes in narcolepsy model mice.
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RYDE | Hot Stocks09:43 EDT Ryde Group Ltd trading resumes
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RYDE | Hot Stocks09:38 EDT Ryde Group Ltd trading halted, volatility trading pause
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VLRS | Hot Stocks09:37 EDT Volaris reports June ASM capacity decreased 13.7% year-over-year - In June 2024, Volaris' ASM capacity decreased by 13.7% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Load factor in the month increased by 2.2 pp YoY to 85.6%, as RPMs only decreased by 11.4%. Mexican domestic RPMs decreased by 16.2%, while international RPMs decreased by 1.8%. Volaris transported 2.4 million passengers during the month. Enrique Beltranena, Volaris' President and CEO said: "Our fleet mitigation plan is on track and yielding positive results. As part of this plan, we reduced capacity in the Mexican domestic market and reallocated it to the international market, resulting in an overall capacity reduction of around 14% in June. Demand in the domestic market remains strong, and our capacity in the international market continues to mature with a well-balanced market mix aimed at maximizing profitability. Looking ahead, our booking trends for the summer high season are showing robust performance, in line with our expectations in both markets."
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KSCP | Hot Stocks09:36 EDT Knightscope announces three new contracts for K1 ECDs - Knightscope announces three new contracts for its K1 Emergency Communication Devices. The new sales will support public safety programs for facilities in South Boston, Virginia; Farmington, Pennsylvania; and Buffalo Grove, Illinois.
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HLVX | Hot Stocks09:35 EDT Hillevax Inc trading resumes
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WSBC | Hot Stocks09:33 EDT WesBanco appoints Kimberly Griffith as group head, HR and facilities - WesBanco announced the appointment of Kimberly Griffith as Senior Executive Vice President and Group Head, Human Resources and Facilities. Griffith, a WesBanco veteran, most recently served in this role on an interim basis during Anthony Pietranton's extended leave of absence. In this permanent role, she will continue to advance the highest standards of human resources and facilities management and drive talent and recruitment initiatives that support business growth strategies and enhanced employee experience.
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IMMX | Hot Stocks09:33 EDT Immix Biopharma doses first patient in U.S. AL amyloidosis trial with NXC-201 - Immix Biopharma announced that the first patient has been dosed at MSKCC in its U.S. NEXICART-2 trial with NXC-201, a sterically-optimized BCMA-targeted CAR-T cell therapy. The NEXICART-2 study is intended to evaluate the safety and efficacy of NXC-201 in relapsed/refractory AL Amyloidosis patients with adequate cardiac function who have not been exposed to prior BCMA-targeted therapy. The study builds on positive data from the initial ex-U.S. study, NEXICART-1, presented at the 27th Annual Meeting of The American Society of Gene and Cell Therapy which showed a 92% overall response rate in relapsed/refractory AL Amyloidosis patients. The best responder experienced a 28.0 month duration of response. "We believe initiation of the U.S. NEXICART-2 study is an important advancement in AL Amyloidosis. NXC-201 has the potential to become a first-in-class safe and durably-effective therapy for patients with relapsed/refractory AL Amyloidosis. We are humbled by the enthusiasm across the U.S. AL Amyloidosis community and look forward to robust enrollment for NEXICART-2," said Ilya Rachman, M.D., Ph.D., CEO of Immix Biopharma. Gabriel Morris, Chief Financial Officer of Immix Biopharma, added, "Dosing of the first patient in line with our mid-2024 guidance is a testament to the stellar execution of our extraordinary team and partners."
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TEM | Hot Stocks09:32 EDT Tempus AI receives PLA code from AMA for PurIST algorithmic test - Tempus AI announced that the company's PurIST algorithmic test has received a proprietary laboratory analysis code from the American Medical Association. The new code will be effective on October 1, 2024. The PurIST PLA code is the first common procedural terminology code created to describe an algorithm-only analysis from previously-sequenced, laboratory developed test, transcriptomic data, representing a meaningful step towards reimbursement for AI-enabled algorithms.
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WETH | Hot Stocks09:31 EDT Wetouch announces $15M stock repurchase program - Wetouch Technologies announced a stock buyback program to repurchase up to $15M of the company's common stock. "We are pleased to announce this stock buyback program, which reflects our confidence in the strong and growing business of Wetouch," said Zongyi Lian, CEO of Wetouch Technologies Inc. "With over $90 million in cash and nearly $8 per share in cash, however the market capitalization is less than $30 million, we believe our stock is significantly undervalued. This buyback program represents an attractive opportunity to return value to our shareholders."
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HLVX | Hot Stocks09:30 EDT Hillevax Inc trading halted, volatility trading pause
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CULL | Hot Stocks09:27 EDT Cullman Bancorp to delist from Nasdaq, withdraw registration from SEC - Cullman Bancorp announced that it has notified Nasdaq of the company's intent to voluntarily delist its common stock from Nasdaq. The company further intends to withdraw the registration of its common stock with the SEC under the Securities Exchange Act of 1934, as amended. The company has applied to have its shares quoted on the OTCQX Market following Nasdaq delisting.
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TRVN | Hot Stocks09:19 EDT Trevena announces $2M non-dilutive financing tranche - Trevena announced an amendment to its March 2022 ex-US royalty-based financing with R-Bridge Healthcare Fund. Pursuant to the Amendment, Trevena will receive a $2 million payment from R-Bridge to Trevena, and $8 million in future potential tranches to Trevena based on the achievement of certain US partnering and commercial milestones for OLINVYK. In addition, the outstanding liability in connection with the Royalty Financing will be reduced by $10 million in connection with the Amendment. Trevena previously received $30 million in non-dilutive funding under the Royalty Financing. Also as part of the Amendment, certain OLINVYK Chinese IP that had been previously pledged to R-Bridge under the Royalty Financing was transferred to R-Bridge, warrants that had been issued to R-Bridge as part of the Royalty Financing were amended to reduce the exercise price to a 15% premium to the current stock price and to extend the exercise period to five years from the date of the Amendment, and the existing cap on US royalty payable to R-Bridge was increased from $10 million to $12 million.
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CVM | Hot Stocks09:18 EDT CEL-SCI appoints Robert Watson as chairperson - CEL-SCI announced that Robert Watson, who has served as a director of the company since 2017, has been appointed chairperson of the board. Watson brings expertise in capital formation strategies and partnerships to drive an efficient capital structure.
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TZUP | Hot Stocks09:18 EDT Thumzup welcomes DiBella's Subs locations to cash rewards platform - Thumzup Media welcomed 43 DiBella's Subs locations across New York, Michigan, Pennsylvania, Ohio and Connecticut to its growing roster of partners on the Company's proprietary cash rewards platform. DiBella's Subs now offers customers the opportunity to earn cash rewards for sharing their experiences on social media through the Thumzup app. This partnership enables DiBella's Subs customers to easily order their favorite subs from any of the 43 locations and get rewarded for promoting the brand on social media.
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LXRX NVS | Hot Stocks09:17 EDT Lexicon appoints Mike Exton as CEO, Jeff Wade as COO - Lexicon Pharmaceuticals (LXRX) announced that the Lexicon Board of Directors has appointed Mike Exton, Ph.D. as CEO and director of Lexicon. Dr. Exton succeeds Lonnel Coats who, as previously announced, retired effective July 7, 2024. Dr. Exton most recently served as the global cardiometabolic therapeutic head at Novartis (NVS). Concurrent with Dr. Exton's appointment as CEO, Jeff Wade has been named president and COO. Mr. Wade has served as Lexicon's president and CFO since October 2021, having previously served in a series of finance, corporate development, administrative and legal leadership positions since joining the company.
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FANH | Hot Stocks09:16 EDT Fanhua expands share repurchase program by $20M - Fanhua announced that its board of directors has authorized the expansion of the company's share repurchase program by an additional $20M, bringing the total authorized amount of share repurchase to $40M. The share repurchase program was intended to enhance shareholder returns and signals the company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approximately $5.4M since the inception of the share repurchase program in December 2022.
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LEXX | Hot Stocks09:15 EDT Lexaria receives patents for antiviral drug delivery, epilepsy treatment - Lexaria Bioscience announces three new patent awards. In the European Union, the Company has received a new granted patent in Lexaria's patent family #6: Transdermal and/or Dermal Delivery of Lipophilic Active Agents. This is the Company's second granted patent in this patent family with an earlier patent granted in Canada. This patent will expire in 2039, if not extended and was validated in the following countries: Austria, Czech Republic, France, UK, Germany, Italy, Poland, Spain, Sweden and Switzerland. In Canada, Lexaria has received a new granted patent in patent family #18: Compositions and Methods for Enhanced Delivery of Antiviral Agents. This is the Company's fourth granted patent in this patent family which was previously granted in the US, Australia, and Japan. This patent will expire in 2041 if not extended. This patent builds on original research conducted by Lexaria in 2021 wherein the Company evidenced in animal studies that DehydraTECH processing of five different antiviral drugs belonging to three classes of drugs all were delivered into bloodstream at rates from 42% improvement to 204% improvement, compared to the same drugs not processed with DehydraTECH. Building on prior patent success in the US related to epilepsy, Lexaria has received its fourth granted US patent in patent family #24, Compositions and Methods for Treating Epilepsy. This patent complements earlier research that discovered DehydraTECH-CBD was capable of mitigating epileptic seizures in rodents, and was also absorbed into the bloodstream more effectively than the commercially available cannabinoid-based anti-seizure medication, Epidiolex(R). This patent will expire in 2044 if not extended. With the issuance of these three new patents, Lexaria's patent portfolio has now grown to 46 granted patents worldwide. Lexaria's intellectual property remains a significant component in supporting future business objectives.
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FRGT | Hot Stocks09:08 EDT Freight Technologies launches Waavely platform - Freight Technologies announced the official launch of Waavely, a state-of-the-art platform designed to revolutionize ocean freight booking and management for companies shipping containers between North America and ports around the world. Waavely is live and currently available with the platform already successfully handling ocean freight.
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BSFC | Hot Stocks09:08 EDT Blue Star announces it will combine AI, UV for crab identification process - Blue Star Foods announces its looking to improve its soft-shell crab operations by introducing cutting-edge technology that combines Artificial Intelligence, AI, with Ultraviolet, UV, light technology to revolutionize the industry's standard molting crab identification process. The high labor costs in the soft-shell crab shedding industry are primarily attributed to visually & manually identifying molting crabs from non-molting ones. By implementing an AI system combined with UV light technology, the identification process can be automated, significantly reducing labor hours and costs, enhancing operational efficiency, and decreasing mortality rates. Our pilot facility operates 24/7 with three shifts. The integration of AI with UV light technology is expected to accurately and efficiently identify molting crabs, leading to reduced labor hours, operational costs, and mortality rates. The implementation of AI and UV light technology is forecasted to result in a reduction in labor costs, increased operational efficiency, and improve the current yield rates by 50%, resulting in potential increase profits of approximately 12.5% or $9 per dozen of live soft-shell crabs.
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GLNCY | Hot Stocks09:07 EDT Chilean Cobalt announces LOI for offtake, strategic partnership with Glencore - Chilean Cobalt entered into a non-binding Letter of Intent with Glencore AG regarding an offtake agreement and strategic partnership for its La Cobaltera project in northern Chile. This offtake agreement for cobalt and copper intermediate products pursuant to which C3 is expected to supply Glencore with 100% of the Company's production of cobalt and copper for an initial period of five years. The sales price will be based on an agreed upon pricing formula linked to future prevailing market prices. C3 and Glencore anticipate that the majority or full spectrum of copper and cobalt intermediate product stream will be shipped into the United States and/or US Free Trade Agreement countries. This is in-line with C3's ongoing discussions with certain 3rd parties regarding the Company's strategy to establish an Americas-centric cobalt supply chain and works to satisfy C3's own conditions precedent regarding the Company's potential strategic project financing. In addition, Glencore is expected to provide strategic support for the advancement of C3's La Cobaltera Phase 1 cobalt-copper project and collaboration on greenfield solutions for domestic US processing and refining into battery materials and/or metal products. Through this Offtake Agreement, C3 is expected to be able to leverage Glencore's own capabilities and global network as one of the world's leading industrial producers and marketers of cobalt with extraction and processing in the Democratic Republic of the Congo, Australia, Canada, and Norway - and with a growing cobalt recycling presence in the US. This Offtake Agreement will be subject to conditions precedent and contain standard termination rights, which are typical for an agreement and project of this nature. C3 and Glencore will also include agreed Responsible Sourcing and Sustainability provisions.
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GRI | Hot Stocks09:06 EDT GRI Bio regains compliance with Nasdaq - GRI Bio announced that it received notice on July 2, 2024 from The Nasdaq Stock Market that the Company regained compliance with all applicable Nasdaq listing standards for continued listing on the Nasdaq Capital Market, and that the scheduled hearing before the Hearings Panel has been canceled.
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LPLA | Hot Stocks09:05 EDT LPL Financial: Countiss joins LPL's broker-dealer, RIA, custodial platforms - LPL Financial announced that father and daughter financial advisors Dan Countiss and Olivia Countiss CEPA, AAMS, have joined LPL Financial's broker-dealer, RIA and custodial platforms to launch a new independent practice, Countiss Wealth Management. They reported serving approximately $200 million in advisory, brokerage and retirement plan assets and join LPL from Edward Jones. Based in Flowood, Miss., the advisors have nearly 25 years of combined experience in wealth management, financial planning and investing. Dan Countiss is a U.S. Army veteran who became a financial advisor after owning a successful business and selling it, making him an ideal fit for business owner clients. Olivia Countiss, who took an interest in investing and financial planning at a very young age, joined the industry as an admin during college and spent time in the home office of her former firm prior to starting her own practice in 2019.
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LGVN | Hot Stocks09:04 EDT Longeveron appoints Hajjar to board of directors - Longeveron announced that Roger Hajjar, MD, Director of the Gene and Cell Therapy Institute at Mass General Brigham, has been elected to the Longeveron Board of Directors. Dr. Hajjar is an internationally recognized scientist whose cardiac gene therapy discoveries have spurred clinical trials for heart failure, whose methodologies for cardiac-directed gene transfer are currently utilized by investigators around the world, and who was appointed as the inaugural director of the Gene and Cell Therapy Institute. Dr. Hajjar was elected at the Company's recent Annual Meeting of Stockholders.
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IAG | Hot Stocks09:04 EDT Globex acquires two more gold properties through IAMGOLD transaction - GLOBEX MINING ENTERPRISES, through a transaction with IAMGOLD Corporation, has acquired two gold projects located in the Abitibi West area of Quebec. Globex has acquired the former Eldrich Gold Mine northwest of Rouyn-Noranda and the Porcupine West Gold property, west of the town of Duparquet, Quebec. The transaction saw Globex acquiring these two properties in exchange for Globex's Rich Lake and Lac a l'Eau Jaune properties. Both Globex and IAMGOLD retain a one percent Net Smelter Royalty in their respective traded properties. The two additional royalties on Rich Lake and Lac a l'Eau Jaune bring Globex's royalty portfolio total to 105. No cash or shares were issued as part of the transaction.
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NNBR | Hot Stocks09:03 EDT NN, Inc. selects Statham as SVP, General Counsel - NN announced the appointment of Jami Statham as the Company's new Senior Vice President, SVP, General Counsel and Corporate Secretary, effective immediately. Statham will report directly to NN's Chief Executive Officer, Harold Bevis. Statham brings more than 18 years of experience in the legal field.
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SHOT | Hot Stocks09:03 EDT Safety Shot terminates partnership with brand ambassador Ryan Garcia - Safety Shot announces the termination of its partnership with professional boxer Ryan Garcia. Safety Shot has a zero-tolerance policy towards discrimination and upholds the highest standards for its brand ambassadors. Safety Shot has effectively severed ties and terminated the relationship whereby Ryan Garcia no longer has any association with nor is a brand ambassador of Safety Shot. "We do not tolerate any form of disrespect to members of our community," said Safety Shot CEO, Jarrett Boon. "It is of the utmost importance that the people representing Safety Shot align with our core values. While we are severely disappointed in Mr. Garcia's failure to live up to our Company's standards, we wish him luck as he enters drug and alcohol rehab and attempts to turn his life around."
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AJG | Hot Stocks09:02 EDT Arthur J. Gallagher acquires Cleary Benefits Group, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Danbury, Connecticut-based Cleary Benefits Group. Terms of the transaction were not disclosed. Cleary Benefits Group is a health and benefits consulting firm serving primarily mid-size to large commercial clients. Brian Cleary, Heather Katz and their team will remain in their current location under the direction of Scott Sherman, head of Gallagher's Northeast region employee benefits consulting and brokerage operations.
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LCID | Hot Stocks09:01 EDT Lucid Group produced 2,110 vehicles, delivered 2,394 vehicles during Q2 - Lucid Group announced production and delivery totals for the quarter ended June 30, 2024. Lucid produced 2,110 vehicles and delivered 2,394 vehicles during this period.
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CRKN | Hot Stocks08:50 EDT Crown Fiber announces expansion of operations in Arizona, Nevada, Oregon - Crown Electrokinetics is expanding its operations in Arizona and in Oregon with two of the largest telecommunication and cable operators in the country. Crown has entered into a contracting agreement with Paramount Networks who is an MSA holder with 19 major telecommunication and cable operators in the USA. The work for a large cable provider will commence in the coming weeks in Arizona and will eventually expand into Nevada and encompasses horizontal directional drilling, aerial plant construction, as well as fiber placement and splicing. The work in Oregon will include turnkey fiber optic network construction.
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SILO | Hot Stocks08:48 EDT Silo announces exclusive, global license for SPC-15 with Columbia University - Silo Pharma has entered into an exclusive, global license agreement with Columbia University to further develop, manufacture, and commercialize its lead drug candidate, SPC-15, an intranasal treatment for stress-induced affective disorders and PTSD. Silo recently submitted a pre-IND briefing package and meeting request for SPC-15 to the U.S. Food and Drug Administration earlier this month. The Company is currently engaged in the final steps required before submission of an IND application to the FDA to begin first-in-human clinical studies. Silo intends to utilize the FDA's streamlined 505(b)(2) pathway for SPC-15, which would shorten clinical timelines and reduce drug development costs.
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SLS | Hot Stocks08:47 EDT Sellas Life Sciences receives EMA Orphan Drug Designation for SLS009 - SELLAS Life Sciences Group announced that the European Commission, based on a positive opinion issued by the European Medicines Agency, has granted Orphan Drug Designation for SLS009, a novel, and highly selective CDK9 inhibitor, for the treatment of acute myeloid leukemia. The Phase 2a clinical trial of SLS009 is an open-label, single-arm, multi-center study designed to evaluate the safety, tolerability, and efficacy of SLS009 in combination with aza/ven at two dose levels, 45 and 60 mg. In the 60 mg dose cohort patients were randomized into either a 60 mg dose once per week or a 30 mg dose two times per week. The target response rate at the optimal dose level is 20% with a target median survival over 3 months. ASXL1 mutation has been identified as the most promising target mutation based on biology of the mutation and the SLS009 mechanism of action that has been confirmed by the clinical results to date. The trial continues enrollment in two cohorts, both enrolling patients with myelodysplasia-related mutations, one with ASXL1 mutations and the other with myelodysplasia-related mutations other than ASXL1.
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AERG | Hot Stocks08:46 EDT Applied Energetics announces expansion of facilities to support new Battle Lab - Applied Energetics has exercised its option to lease more than 5,000 square feet of additional space at the University of Arizona Tech Park to support the Company's investment in a new Battle Lab and laser manufacturing capacity to ensure it has the critical infrastructure in place to fulfill both current and possible future priority U.S. military programs. With this expansion, the Company will occupy approximately 26,000 sq. ft. of space at the Arizona Tech Park. The new space is a high bay, light industrial facility that is expected to host Applied Energetics' Battle Lab to support laser system testing against relevant targets and emerging threats. The Lab is expected to enable technology maturation and be the venue for customer and partner demonstrations under realistic and controlled conditions. The facility, as planned, will also provide the capability to manufacture, integrate, and test advanced lasers as Applied Energetics makes its anticipated transition of its technology to the next stage of its lifecycle. Key features of the Battle Lab are expected to include: Multi-Domain Simulation: Enabling the simulation of complex environments, providing comprehensive testing capabilities for integrated operations. Advanced Sensor Integration: Cutting-edge sensor technology to monitor and analyze every aspect of the testing process, delivering precise data to inform future innovations. Real-Time Feedback: Offering real-time feedback and analysis, providing our engineers and developers with the right information to support technology integration efforts. Collaborative Environment: A design that fosters collaboration, and provides a venue to host military and industry partners, encouraging the exchange of ideas and accelerating the development of our next-generation technologies.
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EVO SDZNY | Hot Stocks08:44 EDT Evotec Biologics expands tech partnership with Sandoz - Evotec (EVO) announced that its biologics segment, Just - Evotec Biologics, Inc., has expanded its strategic partnership with Sandoz (SDZNY). Just - Evotec Biologics will receive appropriate remuneration following early scientific validation, with further funding tied to achieving development milestones from 2025. This expanded partnership solidifies Just - Evotec Biologics' commitment to providing long-term commercial supply of biosimilars to Sandoz from its newly built J.POD biologics manufacturing facility at Evotec's Campus Curie in Toulouse, France. Sandoz secures further guarantees relating to long-term supply for patients with a reservation of significant commercial manufacturing capacity. Since May 2023, Just - Evotec Biologics and Sandoz have been engaged in a multi-year technology partnership aimed at the rapid development and manufacturing of biosimilars. Leveraging its data-driven, fully integrated design capability and continuous manufacturing technology platform, Just - Evotec Biologics aims to deliver the highest product quality and cost efficiency to its partners. This collaboration aligns with Evotec's mission to improve access to medicines for patients across the globe.
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XSHLF | Hot Stocks08:42 EDT XS Financial announces change of auditor - XS Financial has changed its auditors from Urish Popeck & Co to Link-It Accounting and Financial Services effective July 5th 2024 by the Board of Directors until the next Annual General Meeting of the Company.
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MIRM | Hot Stocks08:42 EDT Mirum Pharmaceuticals: EU approves LIVMARLI for patients with PFIC - Mirum Pharmaceuticals announced that the European Commission has granted marketing authorization for LIVMARLI or maralixibat, oral solution for the treatment of progressive familial intrahepatic cholestasis or PFIC, in patients three months of age and older. The approval follows a positive opinion by the CHMP which concluded that LIVMARLI in PFIC brings significant clinical benefit based on improved efficacy and a major contribution to patient care compared to the existing approved treatment for PFIC. Further, evaluation by COMP recommended maintenance of Orphan Drug Designation for LIVMARLI in PFIC..."The patient community in Europe will greatly benefit from LIVMARLI's approval, supported by years of impressive data showing improvements in the most burdensome aspects of disease," said Emily Ventura, executive director, PFIC Network. "PFIC can be life-altering and can have a devastating impact on patients. We are encouraged to see that young patients will have a new medication and hope for a life less burdened by cholestasis." LIVMARLI is also approved by the U.S. Food and Drug Administration for the treatment of cholestatic pruritus in patients with PFIC five years of age and older. Mirum has submitted a supplemental new drug application to introduce a higher concentration formulation of LIVMARLI, used during the MARCH study, to enable label expansion for younger patients with PFIC, and expects to receive FDA feedback this year.
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TGL | Hot Stocks08:41 EDT Treasure Global announces plan to acquire 100% shareholding of WKW - Treasure Global announces its plan to acquire 100% shareholding of Who Knows Wins, WKW, a privately held company based in the United Kingdom. Who Knows Win is an online platform operator of an interactive focused social sports platform. The Company plans to leverage WKW's innovative platform to penetrate the US market, aligning with major gaming brands to drive growth. The acquisition of WKW aligns with the Company's strategic vision of leveraging innovative technologies to drive revenue growth, expand in the USA, and further explore opportunities to position WKW as a key player in the sports engagement and gaming industries. WKW has built a unique, proven, and robust proprietary technology platform. Their operating system uses a complex ecosystem of game logic and APIs to create a proprietary 'Game Engine' that drives the app. Key features of this platform include real-time scores via a live sports data feed, integration with social platforms, settlement, notifications, and live-action reporting, complex gameplay logic and market setup, anti-money laundering measures, and third-party payment integration.
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OTLK | Hot Stocks08:40 EDT Outlook Therapeutics announces U.K. MHRA marketing authorization for LYTENAVA - Outlook Therapeutics announced that the United Kingdom, UK, Medicines and Healthcare products Regulatory Agency, MHRA, has granted marketing authorization for LYTENAVA, an ophthalmic formulation of bevacizumab for the treatment of wet AMD in the UK. LYTENAVA is the first and only authorized ophthalmic formulation of bevacizumab for use in treating wet AMD in the EU and UK. "We are pleased to receive UK approval on the heels of marketing authorization in the EU for LYTENAVA. This milestone achievement is the final regulatory step towards our expected commercial launch in the EU and UK in the first calendar quarter of 2025. Our team continues to make a concerted effort to bring to the UK market the first and only authorized ophthalmic bevacizumab for the treatment of wet AMD. We are grateful to all the patients, researchers, clinical sites and the MHRA for the research, drug development, and regulatory efforts that led to this approval," commented Russell Trenary, President and Chief Executive Officer of Outlook Therapeutics.
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FRLA | Hot Stocks08:40 EDT Fortune Rise Acquisition receives July monthly extension to complete combination - Fortune Rise Acquisition Corporation announced that Water On Demand has deposited the required $100,000 into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination. This additional contribution extends the date by which the Company has to complete its initial business combination for an additional one-month extension from July 5, 2024 to August 5, 2024. The extension is the ninth of the twelve one-month extensions permitted under the Company's governing documents, as amended in October 2023. Such contribution effectively increases the pro rata portion of the funds available in the Company's trust account in the event of the consummation of an initial business combination, liquidation, or other redemption event, by $0.032 per share. The contribution was funded as a non-interest bearing loan that will either be paid upon earlier of consummation of an initial business combination or the Company's liquidation.
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MDJH | Hot Stocks08:39 EDT MDJM Ltd unit announces pact with Chongqing Tu Bi Business Management - MDJM Ltd announced that its wholly owned subsidiary, Mansions Catering and Hotel LTD, a United Kingdom company, wholly owned by our wholly owned subsidiary, MD Local Global Limited, a United Kingdom company, has entered into a strategic cooperation agreement with Chongqing Tu Bi Business Management Co., Ltd., an incubator of cultural and creative projects and brands based in China. This partnership marks a milestone in MDJM's ongoing strategy to integrate cultural arts into its portfolio and expand its cultural business initiatives. Under the agreement, Mansions and Chongqing Tu Bi will leverage their mutual interests and resources in the arts to enhance artistic communication, develop cultural and creative products, and engage in capital operations to boost both parties' business development. The collaboration will involve the regular organization of artistic activities with the exchange of artworks and artistic ideas, including workshops, lectures, art exhibitions, and artist-in-residence programs, with an aim to foster interaction between artists and to enhance cultural exchanges. A major initiative under this partnership is the joint development of cultural products tailored for international markets, particularly focusing on the UK and Europe. The parties will combine efforts to blend traditional Chinese elements with contemporary design, promoting cultural heritage and modern artistic innovation. Furthermore, the collaboration will transform a villa at the historic Victorian Robin Hill Hotel, owned by MDJM and located in England's southern harbor area, into the "Eling TESTBED2 Overseas Art Center." This center will act as a dynamic platform to exhibit and promote the artistic creations and cultural products resulting from this partnership. Additionally, during the overall renovation and upgrading of Fernie Castle, the two parties will collaborate on operations to ensure that it serves as a crucial showcase for the collaborative results between the two parties.
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SDPI | Hot Stocks08:39 EDT Star Equity issues statement on campaign at Superior Drilling - Star Equity Fund, an approximate 10% shareholder of Superior Drilling Products, announced a successful conclusion to its campaign at SDPI. Under pressure from our campaign, the Company announced its sale to Drilling Tools International on March 7, 2024. Details of the transaction, which was unanimously approved by the Boards of both DTI and SDPI and a Special Committee of the Board of SDPI, are available in the Form S-4 filed with the SEC on May 10, 2024. The transaction is expected to close in the third quarter of 2024. Star Equity said, "We do not believe SDPI's Board of Directors would have put the Company up for sale had we not encouraged them to do so beginning in 2022. In our open letters to the Company's Board, issued in 2022 and again in 2023, we insisted that remaining a small public company would be a poor outcome for SDPI shareholders given the Company's high SG&A expenses, including management compensation and public-company costs, as a percentage of revenue.... We believe the Company made the right decision to sell itself and we support the transaction with DTI. Therefore, we will vote FOR the sale and we look forward to becoming DTI shareholders. We believe this sale to DTI best aligns with our goals of maximizing value for all SDPI shareholders and creating a thriving, well-regarded Company where customers, employees, and shareholders all benefit from its products, services, and overall presence in the marketplace... While we are pleased that our campaign led to a positive outcome for SDPI shareholders, we are very disappointed with the SDPI Board's handling of the sale process, especially the SDPI Special Committee consisting of directors Lines, Ronca, and Iverson. "
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IDT | Hot Stocks08:38 EDT NRSInsights reports June same-store sales increased 5.1% year-over-year - NRSInsights announced comparative same-store sales results for June 2024. As of June 30, 2024, the NRS retail network comprised approximately 31,400 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, tobacco, and sundries sellers nationwide, predominantly serving urban consumers. Same-store sales increased 5.1% from a year earlier. In the previous month, same-store sales had increased 4.7% compared to May 2023. Same-store sales increased 1.6% compared to the previous month. Same-store sales in May 2024 had increased 3.4% compared to the previous month. For the three months ended June 30, 2024, same-store sales increased 3.5% compared to the three months ended June 30, 2023. The number of units sold increased 5.5% from a year earlier. In the previous month, the number of items sold had increased 4.7% compared to May 2023. The average number of transactions per store increased 2.8% from a year earlier. In the previous month, the average number of transactions had increased 2.3% compared to May 2023. A dollar-weighted average of prices for the top 500 items purchased increased 1.1% year-over-year, a decrease from the 1.6% year-over-year increase recorded in May 2024.
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HTZ | Hot Stocks08:38 EDT Hertz announces senior executive appointments - Hertz Global Holdings announced key appointments that will strengthen its leadership team and sharpen the company's focus on driving enhanced profitability through operational excellence, superior customer service, strategic fleet management, cost control, and premium revenue. Sandeep Dube will join Hertz as Executive Vice President, Chief Commercial Officer on July 22, 2024, and Katherine Lee Martin, who currently serves as Hertz's Interim General Counsel, will be appointed to Executive Vice President, General Counsel, and Corporate Secretary, effective immediately. In addition, the following leaders are joining Hertz this month: Henry Kuykendall as Executive Vice President, North America Operations; Greg May as Executive Vice President, Fleet Management; and Mike Moore as Executive Vice President, Technical Operations. Each executive will report to Hertz Chief Executive Officer Gil West.
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OSIS | Hot Stocks08:38 EDT OSI Systems receives $17M order for cargo and vehicle inspection systems - OSI Systems announced that its Security division received an order valued at approximately $17M from an international customer for cargo and vehicle inspection systems. Among the systems to be provided are the Eagle P60 high-energy, drive-through cargo and vehicle inspection system and the T60 trailer-mounted vehicle inspection system. The Company also expects to provide system installation, training and multi-year service and maintenance support. OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are always excited to collaborate with our customers to enhance their security infrastructure. Our comprehensive suite of inspection systems, combined with our dedicated service and support, are designed to effectively and reliably meet stringent security demands."
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DDD | Hot Stocks08:37 EDT 3D Systems announces strategic partnership with Precision Resource - 3D Systems and Precision Resource announced they have entered a strategic partnership to scale and accelerate additive manufacturing. Combining both organizations' deep applications expertise with 3D Systems' Direct Metal Printing platform will enable a faster path to market for applications in high-criticality industries. As part of this agreement, Precision Resource is purchasing two 3D Systems DMP Flex 350 Dual 3D printers to be part of the manufacturing workflow in its AS9100-certified Huntington Beach, California facility. The seamless integration of 3D Systems' industry-leading DMP technology into Precision Resource's production value processes, complemented by 5-axis machine centers and advanced inspection systems, will expand its portfolio of precision metal forming processes - offering new solutions to meet the evolving needs of Precision Resource's customers and open new markets for the company.
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MMV | Hot Stocks08:37 EDT MultiMetaVerse to establish a joint venture for fintech business - MultiMetaVerse Holdings announced that it has entered into an agreement with Zhenghe Holding Co., Limited to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative investment algorithms to be jointly developed by the parties. Pursuant to the Agreement, Zhenghe will own 80% of the new Joint Venture and responsible for its daily management and operation. MMV will hold a 20% stake and have the right to appoint one director to the Joint Venture's board.
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SVMH | Hot Stocks08:36 EDT SRIVARU deploys advanced AI platform to manage lead generation platform - SRIVARU Holding announced the deployment of advanced AI tools to manage its lead generation platform. This deployment follows the Company's June 16th launch of its booking platform for its flagship product, the PRANA 2.0. Since the launch, PRANA 2.0 has received over 2,000 inquiries daily. The PRANA 2.0 has garnered extensive interest from customers eager to learn about the product, request test drives, and proceed with bookings. To address the significant volume of inquiries, SRIVARU has deployed advanced AI tools to manage the customer lead generation platform. AI tools are now handling lead generation, ensuring that the right customers receive the right information, followed by live conversations when necessary. This AI-driven lead management approach is expected to help the Company reach customers faster and reduce customer acquisition costs.
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HTCR | Hot Stocks08:36 EDT HeartCore Enterprises partners with Hitachi Systems - HeartCore Enterprises announced it has partnered with Hitachi Systems to offer a combined package of HeartCore CMS and GRED Web Security Assessment Cloud. "Given the prevalence of cyberattacks, our strategic partnership with Hitachi Systems will combine our enterprise CMS platform with their cybersecurity services to offer a secure, one-stop content management solution," said HeartCore CEO Sumitaka Kanno Yamamoto. "Following our software business's profitability this past first quarter, we aim to sustain this trend by pursuing partnerships that drive innovation in our CMS platform. By providing customers with an all-in-one CMS platform that includes robust cybersecurity measures, we ensure our clients' online security while reducing additional security costs that are typically outsourced. Through continuous innovation, new functionalities, and system integrations via partnerships, we strive to maintain our high customer retention rate, which continues to remain a cornerstone for our software business's success."
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ASC | Hot Stocks08:36 EDT Ardmore Shipping says Gernot Ruppelt to succeed Anthony Gurnee as CEO - Ardmore Shipping announced that Founder and CEO Anthony Gurnee has informed the Board of Directors of his intention to retire from his executive and board positions later this year. Following a comprehensive selection process, the Board of Directors has appointed current executive and Chief Commercial Officer Gernot Ruppelt as the company's new CEO, and expanded current CFO Bart Kelleher's position to take on the additional role of President, with the leadership transition to take effect from September 16, 2024 at the Company's upcoming quarterly board meeting. This transition represents the culmination of leadership succession planning that has been long-established and extensively discussed at the board and management levels. Following his retirement from the company, current CEO Anthony Gurnee will remain available to Ardmore as an advisor during the transition period. In connection with their promotions, both Ruppelt and Kelleher will be joining the Board of Directors of the company. Ruppelt will maintain responsibility for Ardmore's commercial platform until such time as a successor is selected. Kelleher will maintain his role as the company's CFO until such
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GURE | Hot Stocks08:35 EDT Gulf Resources receives extension from Nasdaq to regain compliance - Gulf Resources had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ's listing rules. As previously disclosed, on April 18, 2024 and May 21, 2024, the Company received letters from NASDAQ indicating that that it did not comply with NASDAQ's filing requirements because it had not filed its Form 10-K for the period ended December 31, 2023 and Form 10-Q for the period ended March 31, 2024. The Company and its current auditor GGF CPA LIMITED have been working diligently to complete the 2023 year-end audit, the 10-K, as well the 10-Qs for both the first and the second quarters of 2024. Gulf Resources has submitted the materials to NASDAQ, detailing the steps to be taken and the progress being made to regain compliance. Based on NASDAQ's further review and the materials submitted by the Company, NASDAQ has granted the Company an extension until October 14, 2024 to file the Delinquent Reports, as required by the Rule.
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SPRC | Hot Stocks08:34 EDT SciSparc signs non-binding LOI to spin off advanced pharmaceutical portfolio - SciSparc announced it signed a non-binding letter of intent, LOI, to spin off its advanced clinical stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals. The LOI references a proposed asset and share purchase agreement, the definitive agreement of which is to be negotiated between the Company and Miza III Ventures, a publicly traded company on the Toronto Stock Exchange Venture in Canada. The Agreement is based on the approximate total USD 3.3 million enterprise value of Miza, when including its USD 1.0 million cash position, and an approximate USD 11.6 million value of SciSparc's assets. Pursuant to the LOI, SciSparc will sell, assign, convey and transfer to Miza the Target Assets in consideration for 63,300,000 common shares of Miza and up to 48,000,000 Miza contingent rights based on pre-determined milestones. Following the closing of such transaction, SciSparc would hold a controlling interest in Miza, the exact percentage of which is contingent on agreeing definitive terms between the parties. The resulting entity, of which SciSparc will hold a stake in the resulting entity ranging from a minimum of approximately 75% to a maximum of 84.53%, will be active in both the pharmaceutical and supplement sectors.
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LNTH | Hot Stocks08:33 EDT Lantheus appoints Jamie Spaeth as CPO - Lantheus Holdings announced the appointment of Jamie Spaeth to its Executive Team as Chief People Officer. Most recently, Ms. Spaeth was the Chief People Officer at Corium, a commercial-stage biopharmaceutical company leading the development and commercialization of novel neuroscience therapies.
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BRFH | Hot Stocks08:33 EDT Barfresh Food Group adds two co-manufacturing locations - Barfresh Food Group adds two co-manufacturing locations. These locations are strategically located in the Mid-West and the East Coast to better provide a full range of offerings to our rapidly expanding clients in all Channels. This includes manufacturing for single serve pouches, 1:1 gallons and 5:1 1/2 gallons. In addition, this new capacity adds 25 million annual bottling units for our highly successful Twist & Go Products. Overall, the Company now has the ability to more than double its overall annual unit capacity.
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RNXT | Hot Stocks08:32 EDT RenovoRx announces acceptance for publication in The Oncologist - RenovoRx announced acceptance for publication in an international peer-reviewed journal, The Oncologist. The manuscript is titled, "Treatment of Locally Advanced Pancreatic Cancer Using Localized Trans-Arterial Micro Perfusion of Gemcitabine: Combined Analysis of RR1 and RR2" and expected in the Summer 2024 issue of The Oncologist. The manuscript's lead author is Hassan Hatoum, MD, an oncologist and hematologist at the University of Oklahoma Health Sciences Center. The manuscript is a publication of clinical data, primarily survival, in LAPC patients undergoing TAMP treatment from the foundational studies conducted by the Company. RenovoRx investigated the drug-delivery of gemcitabine utilizing TAMP therapy platform in an early Phase I/II dose escalation safety study and acquired data from a post-marketing post-treatment observational registry study to evaluate the safety, tolerability and efficacy of the drug-device combination in LAPC. TAMP is being further evaluated in the ongoing pivotal Phase III randomized multi-center study, called TIGeR-PaC, evaluating its targeted approach to drug-delivery in LAPC. The study is comparing treatment with TAMP to the current standard of care of systemic intravenous chemotherapy.
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BKYI | Hot Stocks08:30 EDT BIO-key announces City of Williamsburg, VA selects PortalGuard IDaaS - BIO-key announces that the City of Williamsburg, VA has selected BIO-key's PortalGuard IDaaS platform to enhance its security posture under a comprehensive Zero Trust initiative.
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IPCFF | Hot Stocks08:28 EDT International Petroleum announces results of normal course issuer bid - International Petroleum announced that IPC repurchased a total of 258,760 IPC common shares during the period of July 1 to 5, 2024 under IPC's normal course issuer bid / share repurchase program. IPC's NCIB, announced on December 1, 2023, is being implemented in accordance with the Market Abuse Regulation No 596/2014 and Commission Delegated Regulation No 2016/1052 and the applicable rules and policies of the Toronto Stock Exchange and Nasdaq Stockholm and applicable Canadian and Swedish securities laws. During the period of July 1 to 5, 2024, IPC repurchased a total of 200,000 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC.
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BCAL | Hot Stocks08:28 EDT Southern California Bancorp hires three commercial lenders - Bank of Southern California, the wholly owned subsidiary of Southern California Bancorp, announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank's Cerritos office and report to Executive Vice President Sam Kunianski.
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RUM | Hot Stocks08:27 EDT Rumble to host live shows during Republican Convention in Milwaukee - Rumble announced that many of its top content creators will host live programs on media row at the Republican National Convention in Milwaukee later this month. Rumble creators will be live on location each day of the convention beginning on July 15, 2024, and running until July 19, 2024, the day after the convention concludes with the formal nomination of former President Donald Trump as the Republican candidate. "It's the biggest stage in politics, and Rumble will be there to host the free exchange of information in the marketplace of ideas," said Rumble Chairman and CEO Chris Pavlovski. "More and more, people are turning to Rumble for their news and analysis, live, on the spot, from people involved in making the news. All voices are welcome, and no one has to fear being canceled for their point of view."
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JFBR | Hot Stocks08:27 EDT Jeffs' Brands announces preliminary results for Fort Products - Jeffs' Brands announced preliminary unaudited financial results for Fort Products, its wholly owned subsidiary, pertaining to its revenue from sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results are for the first half 2024, starting on January 1, 2024, and ending on June 30, 2024. Fort's Amazon generated revenues for the Period, amounted to approximately $4.47 million, representing an increase of approximately 62% compared $2.75 million at the same period of 2023. Estimated profit for the Period, attributed directly to Fort's Amazon sales, amounted to $676 thousands, compared to $316 thousands in the same period in 2023, an increase of 114%.
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CVU RTX | Hot Stocks08:26 EDT CPI Aerostructures delivers first pod structure of contract to Raytheon - CPI Aerostructures shipped the first Low Rate Initial Production 3 pod structure to RTX Corporation as authorized under a previously announced contract award with a maximum value of $32.6 million. Pod structure deliveries on LRIP 3 are expected through mid-2025 after which CPI Aero anticipates transitioning to Lot 4 deliveries. In addition to the pod structures, CPI Aero produces air management system components integral to the Next Generation Jammer Mid-Band program.
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ACN | Hot Stocks08:25 EDT Accenture acquires Indian custom silicon solutions firm Excelmax, no terms - Accenture has acquired Excelmax Technologies, a Bangalore, India-based semiconductor design services provider. The acquisition further enhances Accenture's growing silicon design and engineering capabilities. Terms of the transaction were not disclosed. "Our acquisition of Excelmax enhances our expertise across every aspect of silicon design and development-from concept to production-so we can help our clients fuel innovation and drive growth." Excelmax provides custom silicon solutions used in consumer devices, data centers, artificial intelligence AI and computational platforms that enable edge AI deployments, to clients in the automotive, telecommunications and high-tech industries.
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MBOT | Hot Stocks08:24 EDT Microbot Medical enrolled first patient in human clinical trial - Microbot Medical announced the completion of the first procedure in a patient utilizing its LIBERTY Endovascular Robotic Surgical System. The procedure took place at Brigham and Women's Hospital, BWH, a leading academic medical center located in Boston, Massachusetts, as part of the Company's pivotal human clinical trial. The clinical trial at BWH is led by Dr. Dmitry Rabkin, MD, PhD, Assistant Chief, Division of Angiography & Interventional Radiology, who also performed this first human case. The trial is part of the Investigational Device Exemption for LIBERTY, and the Company expects its results will support the future submission to the FDA and subsequent commercialization.
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MDXH | Hot Stocks08:24 EDT MDxHealth appoints Sanford Siegel to board of directors - MDxHealth announced the appointment of Sanford J. Siegel, M.D. to its Board of Directors. Dr. Siegel will be taking the seat of Lieve Verplancke M.D., who is stepping down from the Board of mdxhealth. Dr. Siegel currently serves as the Chairman of the Board of United Urology Group, having previously served as its CEO.
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NIU BBY | Hot Stocks08:23 EDT Niu Technologies announces large-scale retail expansion at Best Buy - Niu Technologies (NIU) announced its large-scale retail expansion to over 800+ Best Buy stores (BBY), across the United States. This strategic expansion marks a pivotal milestone for the company and will accelerate the widespread adoption of two-wheel electric vehicles across America. Consumers can now shop for NIU's high-performance electric kick-scooters and e-bikes at their local Best Buy store, in addition to online at BestBuy.com and through the Best Bu Mobile App. Available today, shoppers will be able to find NIU's KQi 300P and KQi 300X adult electric scooters in Best Buy Stores and will be able to receive expert support from specially trained Blue Shirts.
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OPTT | Hot Stocks08:23 EDT Ocean Power signs reseller agreement with SES for the U.S. - Ocean Power Technologies announces the signing of a reseller agreement with Survey Equipment Services, SES, a specialist in the supply of Marine Survey and Navigation equipment. The agreement focuses on the provision of OPT's Unmanned Surface Vehicles, the WAM-Vs, in the USA. It also includes provisions for operators. SES has procured a WAM-V available immediately for demonstrations and is providing support for ongoing operations. Philipp Stratmann, CEO of OPT, expressed his enthusiasm on the partnership: "We are excited to partner with SES. This agreement allows us to leverage SES's offering of survey and navigation equipment and deploy WAM-V's to SES's customer base. This partnership further accelerates our growth and enables additional revenue stream."
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PDS | Hot Stocks08:22 EDT Precision Drilling committed to repaying $150M-$100M in debt in 2024 - Carey Ford, Precision's CFO, commented, "Today's announcement marks another step in strengthening our balance sheet and returning capital to shareholders. Our organization has been intensely focused on cost management, capital discipline, and cash flow generation and our results are a testament to the efforts of all Precision employees. For 2024 we are committed to repaying $150 million to $200 million in debt and returning 25% to 35% of free cash flow before debt repayments to shareholders through share repurchases. Precision's longer-term balance sheet goal is to reduce debt by $600 million between 2022 and 2026 and achieve a Net Debt to Adjusted EBITDA ratio of below 1.0 times by the end of 2025. Since the beginning of 2022, we have reduced debt by approximately $360 million and expect to be well over $400 million by the end of this year."
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RIOT BITF | Hot Stocks08:22 EDT Riot launches 'www.ABetterBitfarms.com' for shareholder education, board change - Riot Platform (RIOT) launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders of Bitfarms (BITF) to reconstitute the Bitfarms Board of Directors.As disclosed in Riot's June 24, 2024 press release, Riot has nominated three director nominees John Delaney, Am, y Freedman and Ralph Goehring - for election to the Bitfarms Board at the Special Meeting. The Special Meeting will also give Bitfarms shareholders the opportunity to vote on the removal of Bitfarms Chairman Nicolas Bonta and directors Andres Finkielsztain and Fanny Philip..
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RYTM | Hot Stocks08:21 EDT Rhythm Pharmaceuticals appoints Garfield as Chief Scientific Officer - Rhythm Pharmaceuticals announced the appointment of Alastair "Al" Garfield, Ph.D. as Chief Scientific Officer, effective July 1. Garfield rejoins Rhythm after serving as Senior Vice President and Head of Translational Sciences and Strategy at Rectify Pharma, where he helped deliver first-in-class therapeutics for rare disease.
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PDS | Hot Stocks08:21 EDT Precision Drilling extends credit facility - Precision Drilling announced that it has successfully extended its Senior Credit Facility and with strong cash flow generation during the first half of the year, it is well on track to meet its 2024 debt reduction and share repurchase targets. On June 28, 2024, Precision extended its Senior Credit Facility's maturity date, revised the available borrowing capacity, and amended certain terms. The maturity date was extended to June 28, 2027, and the size was revised to $375 million, which includes an accordion feature to increase the facility to $750 million. Since the beginning of the year, Precision has reduced debt by $103 million, marking significant progress toward its 2024 debt reduction target of $150 million to $200 million. Second quarter debt repayments included the redemption of $56 million of 2026 unsecured senior notes and the repayment of $25 million of real estate credit facilities that were due in 2026 and 2028. As at June 30, 2024, Precision's outstanding debt obligations include $217 million - 7.125% unsecured senior notes due January 15, 2026; $400 million - 6.875% unsecured senior notes due January 15, 2029; $8 million real estate credit facility due in 2025. With strong cash flow generation during the second quarter, Precision also returned $24 million to shareholders through share repurchases under its Normal Course Issuer Bid. For the first six months of the year, Precision has repurchased 369,309 common shares for $34 million, representing 3% of its outstanding common shares.
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NAMS | Hot Stocks08:21 EDT NewAmsterdam Pharma completes enrollment for Phase 3 TANDEM trial - NewAmsterdam Pharma announced the completion of patient enrollment in the pivotal Phase 3 TANDEM clinical trial evaluating the fixed-dose combination of obicetrapib plus ezetimibe in adult patients with Heterozygous Familial Hypercholesterolemia and/or Atherosclerotic Cardiovascular Disease or multiple risk factors for ASCVD, whose LDL-C is not adequately controlled despite being on maximally tolerated lipid-modifying therapies. "Completing enrollment of the pivotal Phase 3 TANDEM trial marks an important step in our mission of advancing obicetrapib through late-stage clinical development and brings us closer to delivering a simple and convenient once-daily tablet to the millions of people suffering from dyslipidemia," said Michael Davidson, M.D., Chief Executive Officer of NewAmsterdam Pharma. "With positive enrollment trends observed in four ongoing contemporaneous pivotal Phase 3 studies - BROOKLYN, BROADWAY, PREVAIL and TANDEM - we continue to be encouraged by physician and patient interest in our clinical trials, which we believe reflects growing awareness of our CETP inhibitor and its potential ability to address elevated LDL-C and improve health outcomes for millions of patients globally, if approved. We look forward to sharing topline data from the TANDEM study in the first quarter of 2025."
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VREOF GDNSF | Hot Stocks08:19 EDT Vireo Growth announces effective data of new ticker symbols - Vireo Growth, formerly Goodness Growth Holdings, announced that its subordinate voting shares will begin trading under the ticker symbol "VREO" on the Canadian Securities Exchange and on the OTCQX Market in the United States under ticker symbol "VREOF", effective today, July 8, 2024.
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SCNI | Hot Stocks08:18 EDT Scinai Immunotherapeutics receives updated LOI from EIB - Scinai Immunotherapeutics announced that it has received an updated non-binding Letter of Intent from the European Investment Bank. This updated LoI outlines specific indicative terms for converting the majority of the EIB's loan into equity in the form of preferred shares, which are convertible into American Depositary Shares representing 19.5% of the fully diluted capital of the Company at the time of closing. The number of ADSs into which the preferred shares would be convertible would be fixed and without anti-dilution rights. The updated LoI does not require a variable remuneration, which in the previous LOI included 3% royalty on the company's revenues and 5% of any equity raise up to a limit of EUR 70M, nor does it provide for mandatory dividends or mandatory redemption. The amount of the loan that would be converted is approximately $28M, while approximately $270,000 will stay as a loan payable on Dec 31st, 2031. As previously announced, the company received a Nasdaq Staff determination letter regarding noncompliance with the minimum shareholders' equity required for continued listing. At a hearing with the Nasdaq Hearings Panel held on June 18, 2024, the company presented a plan to address the Equity Requirement matter by converting a significant portion of the loan owed by the company to the EIB into equity and as announced on July 3, 2024 the Hearing Panel has determined to grant the company's request to continue its listing on The Nasdaq Stock Market, subject to the company meeting certain conditions, including filing on or before August 14, 2024, a public disclosure demonstrating compliance with the Equity Requirement. Based on the company's initial analysis with the assistance of an external advisor, the company believes that this loan to equity conversion would immediately eliminate the shareholders' deficit of $5.1M and create a shareholders' equity surplus. The company has prepared a white paper analyzing the accounting impact of the transaction and advising whether the conversion would be treated as equity, thereby enabling the company to regain compliance with the Stockholders' Equity Requirement. The above-mentioned white paper is still under review by the comany's independent registered public accounting firm.
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ALGM | Hot Stocks08:17 EDT Allegro MicroSystems announces launch of newest high-power current sensor - Allegro MicroSystems announced the launch of its newest high-power current sensor, the ACS37220, as well as the preliminary release of the industry's smallest leaded magnetic current sensor, the ACS37041. Allegro's latest solutions enable improved efficiency and reliability, enhanced system protection and a smaller bill of materials compared to discrete shunt resistor and op-amp-based current sensing solutions.
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AMC | Hot Stocks08:17 EDT AMC Entertainment announces 4M domestic moviegoers over extended weekend - AMC Theatres announced that more than 4M domestic moviegoers spent part of their extended July 4 holiday weekend at AMC, making it the company's busiest Wednesday through Sunday period of the year in the United States. In all, AMC welcomed 4.2M guests to its U.S. locations from July 3 through July 7. The company said attendance was also strong at AMC's international locations. The domestic box office was led by the debut of "Despicable Me 4," which is reported to have opened to more than $120M over the five-day period. AMC's Wednesday, July 3, was the third-best Wednesday in company history in terms of Food and Beverage revenue, which includes merchandise sales
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MDAI | Hot Stocks08:16 EDT Spectral AI announces collaboration with PolyNovo - Spectral AI announced that it has signed a Memorandum of Understanding, MOU, with global medical device company and burn wound therapy leader PolyNovo under which the companies will collaborate to assist Spectral AI in a potential limited deployment of its DeepView System for burn indication in Australia. Under the MOU, PolyNovo will support Spectral AI's application to the Australian Special Access Scheme, SAS, with an ultimate goal of allowing Spectral AI to deploy up to two DeepView Systems at the Royal Adelaide Hospital and The Alfred Hospital in Melbourne to lay the groundwork for the Company's eventual commercial roll-out based on clinician evaluations and experiences.
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DMGGF | Hot Stocks08:16 EDT DMG Blockchain Solutions mines 24 bitcoin in June - Key Highlights for June 2024: Bitcoin mined: 24 BTC; Realized hashrate: 0.98 EH/s; BTC balance: 464 BTC. DMG's CEO, Sheldon Bennett, commented, "Regarding the deployment of our 4,550 new Bitmain T21 miners, we continue to expect to completely energize this fleet in July. Additionally, we are encouraged that even with the summer season, we are seeing only modest declines in hashrate during the warmest periods. With the experience of last year's heat dome, our mine operations team has added new infrastructure to help protect the mine against severe spikes in heat. Even as the cost of this added infrastructure was minimal, the improvements have been meaningful, resulting in a more constant hashrate over a given 24-hour period. Finally, we expect to make further improvements to our mining fleet to support our near-term hashrate growth goal to 1.7 EH/s and beyond."
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AVTE | Hot Stocks08:15 EDT Aerovate Therapeutics to explore strategic alternatives - Aerovate Therapeutics, which previously announced it was halting enrollment and shutting down the Phase 3 portion of the Inhaled iMatinib Pulmonary Arterial Hypertension Clinical Trial as well as the long-term extension study, announced that it will conduct a comprehensive review of strategic alternatives focused on maximizing shareholder value. As part of this review process, Aerovate has engaged Wedbush PacGrow as the company's exclusive strategic financial advisor to assist in the process of exploring strategic alternatives, which may include but are not limited to, an acquisition, merger, reverse merger, business combination, liquidation or other transaction. There can be no assurance that this review process will result in Aerovate pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms. Aerovate has not set a timetable for completion of this review process and does not intend to comment further unless or until the Board of Directors has approved a definitive course of action, the review process is concluded, or it is determined that other disclosure is appropriate.
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OR | Hot Stocks08:15 EDT Osisko Gold announces Q2 GEO deliveries, record cash margin, asset updates - Osisko Gold Royalties announces its second quarter 2024 deliveries, revenues and cash margin, as well as an update on its cash and debt positions as of June 30th, 2024. In addition, Osisko is also providing some select asset updates. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted. Osisko earned 20,068 attributable gold equivalent ounces in the second quarter of 2024. Osisko recorded preliminary revenues from royalties and streams of $64.8 million during the second quarter and preliminary cost of sales of $2.2 million, resulting in a record quarterly cash margin2 of approximately $62.6 million. As of June 30th, 2024, Osisko's cash position was approximately $65.7 million.
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CERO | Hot Stocks08:14 EDT Cero Therapeutics presents CER-1236 data supporting use in AML - CERo Therapeutics Holdings announces presentation of a poster on its lead compound CER-1236 at the Global Cell & Gene Therapy Summit 2024. The conference is being held July 8-10 in Boston. The poster, titled, "Aberrant Expression of TIM-4-L is a Common Feature of AML and Potential Target for Engineered T Cell Therapy" presents data showing that TIM-4-L is prevalent on multiple acute myeloid leukemia subsets, but not present in healthy tissue. The study continues that CER-1236, CERo's lead compound, showed potent in vitro and in vivo cytotoxicity against TP53 mutant AML. Further, a full-scale toxicity study revealed that CER-1236 T cells engraft in lymphoid tissues, but do not cause any in-life observations, clinical pathology, or histopathological evaluations. This indicates that CER-1236 is not associated with any adverse toxicities against healthy tissue, even at high doses. CERo Chairman and CEO Brian Atwood comments, "This poster is validation of our recent announcement regarding the completion of toxicity evaluations for CER-1236. The prevalence of TIM-4-L in AML as compared to healthy tissue is important, as it makes it a viable target that may have an impact on the disease. CER-1236 action in AML compared to in healthy tissue also shows promise for the compound. Cell & Gene Therapy is an important conference, and the acknowledgement of these data will be instrumental in further discussion with the scientific community in explaining the potential we see for our compound. In the meantime, with all IND-enabling work complete, we are in close communication with the U.S. Food and Drug Administration as we prepare for the possibility of entering the clinic with CER-1236 for AML in the short term."
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KNDI | Hot Stocks08:13 EDT Kandi announces strategic agreement among SC Autosports, Hartford Industrial - Kandi Technologies announced a strategic cooperation framework agreement among Kandi, SC Autosports, the wholly-owned subsidiary of Kandi in the United States, and Hartford Industrial. The collaboration aims to leverage the strengths of all the parties to enhance product quality and increase market competitiveness. Key elements of the Agreement include: Kandi commits to authorize Hartford Industrial to manufacture its self-developed off-road vehicles for export to the United States, including Untility-task vehicles, golf carts, and low-speed vehicles. Hartford Industrial commits to fully utilizing Kandi-manufactured components for the vehicles authorized for production. Additionally, Hartford Industrial guarantees that these vehicles will be exclusively sold through Kandi America. The aforementioned off-road vehicles began trial production at Hartford Industrial in July 2024. Mass production preparations are targeted to be completed by the end of 2024. In addition, Hartford Industrial plans to ramp up full-scale production for all Kandi-authorized vehicle models by early 2025.
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ENPH | Hot Stocks08:12 EDT Enphase Energy begins IQ8 commercial microinverter shipments from Texas - Enphase announced initial shipments of IQ8 Commercial Microinverters produced in the United States. The Inflation Reduction Act has enabled Enphase Energy to manufacture in the United States, supporting jobs and advancing the country's renewable energy economy.
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ZIVO | Hot Stocks08:09 EDT Zivo and animal health firm launch study targeting coccidiosis treatment - ZIVO Bioscience announces the initiation of a 42-day confirmatory study targeting coccidiosis in collaboration with a major global animal health company. This new study aims to further validate the efficacy of ZIVO's non-antibiotic, immune-modulating product designed for the prevention and treatment of coccidiosis in broiler chickens. Building upon the positive outcomes of previous trials, this study replicates real-world conditions to ensure the product's effectiveness in commercial poultry production environments. "We are delighted to support a global leader in animal health as they perform this confirmatory study, which holds potential to accelerate commercialization of our innovative treatment. Coccidiosis costs the poultry industry more than $10 billion annually, and traditional treatments rely heavily on antibiotics and ionophores that have not seen significant innovation in over six decades," said John Payne, Chairman and CEO of ZIVO Bioscience.
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KULR | Hot Stocks08:09 EDT KULR Technology awarded purchase order exceeding $400,000 from NASA - KULR Technology Group announced it has been awarded a purchase order exceeding $400,000 from the National Aeronautics and Space Administration, NASA, an independent agency of the U.S. federal government, as part of a $2M multi-phase agreement for its advanced automated battery cell screening system. The battery safety contract with NASA is to test lithium-ion cells going into future battery packs designed for the Artemis Program, a series of United States-led international human spaceflight programs. KULR will perform the tests on cells in reserve for upcoming Artemis missions as well as other pivotal manned space voyages. The cells used on the missions are required to meet certification to NASA's strict specifications for manned flights, EP-WI-037.
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ORYZF | Hot Stocks08:08 EDT Oryzon Genomics receives 'Decision to Grant' for two patents in Japan - Oryzon Genomics has received "Decision to grant" communications from the Japanese Patent Office for two Japanese patent applications related to vafidemstat, Oryzon's LSD1 inhibitor in clinical development for the treatment of psychiatric disorders like BPD and schizophrenia. These two patent applications are JP2021-556616 entitled "Methods of treating borderline personality disorder" and JP2021-556629 entitled "Methods of treating attention-deficit hyperactivity disorder using KDM1A inhibitors such as the compound vafidemstat". The allowed claims cover the use of vafidemstat for the treatment of BPD and ADHD, respectively. The Decision to grant is a formal communication from the JPO in which it indicates that a patent application has reached the status where it is allowed for issuance as a patent. Both patents, once granted, will not expire until at least 2040, excluding any potential patent term extensions that may provide additional protection. Corresponding patent applications are pending in several additional major pharmaceutical markets. Oryzon had recently received Decision to grant communications from the European and Korean patent offices for additional important patents for vafidemstat, covering its use for the treatment of aggression and social withdrawal. A corresponding patent has already been granted in Russia.
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WISA | Hot Stocks08:08 EDT WiSA Technologies regains compliance with Nasdaq - WiSA Technologies announced that it has received formal written notice from Nasdaq that the company has regained compliance with the minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550.
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AMRC | Hot Stocks08:07 EDT Ameresco announces new contract with Snohomish County PUD - Ameresco announced it has signed a contract with Snohomish County Public Utility District, or PUD, to construct a battery energy storage system, or BESS, with a 20-year guaranteed capacity of 25 megawatts, or MW, and 100 megawatt-hours, or MWh. The installation represents the largest standalone battery project to date in the Pacific Northwest. The 25-year tolling agreement keeps Ameresco as the asset owner and Snohomish PUD as the exclusive customer of the project. The BESS will provide the PUD with enhanced electrical system reliability and flexibility while reducing exposure to energy price volatility, making the project a significant milestone in the advancement of sustainable energy solutions in Washington State. Construction on the energy storage asset is currently expected to begin in late 2024 and be operational in late 2025. It allows Ameresco to provide Snohomish PUD the flexibility to utilize the battery energy storage system for charging and discharging activities under the tolling agreement.
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LVO | Hot Stocks08:07 EDT LiveOne joins Russell 2000 Index - LiveOne announces recent developments, including joining the Russell 2000 Index and retiring 4.2M open market shares.
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MDXH | Hot Stocks08:07 EDT MDxHealth appoints Siegel to board of directors - MDxHealth SA announced the appointment of Sanford Siegel, M.D. to its Board of Directors. Dr. Siegel will be taking the seat of Lieve Verplancke M.D., who is stepping down from the Board of mdxhealth.
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TNXP | Hot Stocks08:06 EDT Tonix Pharmaceuticals reports final pre-NDA meeting with FDA for Tonmya - Tonix Pharmaceuticals Holding announced receipt of the formal minutes from a recent pre-New Drug Application meeting with the U.S. Food and Drug Administration for Tonmya for the management of fibromyalgia. At the meeting, the Company and the FDA agreed that the proposed data package is sufficient to support the NDA submission. The Company reaffirmed its guidance to submit the NDA for Tonmya to the FDA in the second half of 2024 which would allow for a potential FDA approval in the second half of 2025. "We are delighted with the results of this critical milestone meeting with the FDA to discuss our NDA, and we are appreciative of the FDA's guidance throughout this process. We believe Tonmya has the potential to greatly benefit fibromyalgia patients, many of whom remain dissatisfied with the current treatment options, and many of whom turn to addictive, detrimental opioids as off-label treatments," said Seth Lederman, CEO. "The positive results from this pre-NDA meeting underscore the completeness of our data package in support of registration of Tonmya for the management of fibromyalgia." On June 20, 2024, Tonix announced receipt of formal minutes of a pre-NDA Type-B Chemistry, Manufacturing, and Controls meeting confirming alignment with the FDA on key CMC topics to support the NDA submission. Today's announcement confirms alignment with the nonclinical, clinical pharmacology and clinical features of the NDA submission, following completion of Tonix's second and final pre-NDA meeting.
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QUIK | Hot Stocks08:06 EDT QuickLogic announces $5.26M contract award - QuickLogic announced it has been awarded a $5.26M contract to continue the development and demonstration of a Strategic Radiation Hardened high reliability Field Programmable Gate Array technology to support identified and future Department of Defense strategic and space system requirements.
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CVLT TOST | Hot Stocks08:05 EDT Commvault names Jennifer DiRico as CFO - Commvault (CVLT) announced that long-term Commvault executive and current CFO, Gary Merrill, will transition to a new role, serving as the company's first Chief Commercial Officer. In this role, Merrill will lead the company's global sales and partner teams. This transition created an opportunity for Commvault to recruit another dynamic and growth-oriented CFO and the company selected Jennifer DiRico for the role. DiRico will assume her new position at Commvault on August 12. DiRico spent close to a decade at Toast (TOST), where she was instrumental in its successful IPO and in supercharging the company's growth.
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PLSE | Hot Stocks08:05 EDT Pulse Biosciences receives Breakthrough Device Designation from FDA - Pulse Biosciences announced that it has received the Breakthrough Device Designation from the FDA for the company's Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation, or AF.
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SHOT | Hot Stocks08:04 EDT Safety Shot terminates partnership with brand ambassador Ryan Garcia - Safety Shot announces the termination of its partnership with professional boxer Ryan Garcia. Safety Shot has effectively severed ties and terminated the relationship whereby Ryan Garcia no longer has any association with nor is a brand ambassador of Safety Shot. "We do not tolerate any form of disrespect to members of our community," said Safety Shot CEO, Jarrett Boon. "It is of the utmost importance that the people representing Safety Shot align with our core values. While we are severely disappointed in Mr. Garcia's failure to live up to our Company's standards, we wish him luck as he enters drug and alcohol rehab and attempts to turn his life around."
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CRL | Hot Stocks08:04 EDT Charles River to perform plasmid manufacturing for AAVantgarde, no terms - Charles River Laboratories International and AAVantgarde announced a contract development and manufacturing organization or CDMO, agreement to produce Good Manufacturing Practice- GMP, plasmid DNA. AAVantgarde, a clinical-stage biotechnology company with two proprietary adeno-associated viral, AAV, vector platforms for large gene delivery and developing products to treat inherited retinal diseases, will leverage Charles River's expertise in manufacturing GMP plasmid DNA...Through this collaboration, AAVantgarde will have access to Charles River's GMP plasmid DNA CDMO center of excellence based in Keele, United Kingdom, which will lead the collaboration and additional evaluation of off-the-shelf Rep/Cap and pHelper plasmid products in addition to GMP manufacturing services to support therapeutic development. "Charles River is thrilled to produce GMP plasmid DNA to help advance AAVantgarde's platform for the treatment of Stargardt's disease - a condition in which there is high unmet need. Our team brings more than two decades of CDMO expertise, and we look forward to leveraging these capabilities to make a difference for patients." - Kerstin Dolph, Corporate Senior Vice President, Global Manufacturing, Charles River "
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AVD | Hot Stocks08:04 EDT American Vanguard CEO Eric Wintemute to retire - American Vanguard reported that its chairman and CEO, Eric Wintemute, has presented to the board his plan to retire from his position as CEO. The terms of his retirement are set forth in a transition agreement under which Wintemute will participate in the search for his successor being conducted by the global executive search firm, Kincannon & Reed, and retire upon the successor's appointment but no later than December 31. Wintemute will continue to serve as chairman of the board and, post-retirement, will provide consulting services to the company on a part-time basis. Wintemute joined the company 47 years ago and has served as CEO for 30 years.
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MRUS | Hot Stocks08:03 EDT Merus announces first patient dosed in Phase 2 trial of petosemtamab in 2L CRC - Merus announced that the first patient has been dosed in the Company's phase 2 trial evaluating petosemtamab in combination with standard chemotherapy in second line, 2L, metastatic colorectal cancer, mCRC. Petosemtamab is a Biclonics targeting EGFR and LGR5. The phase 2, open-label trial will evaluate the safety and preliminary antitumor of petosemtamab and a regimen of chemotherapy in 2L mCRC. The study will enroll approximately 40 patients not previously treated with EGFR inhibitors and whose tumors do not harbor a KRAS mutation. "We're pleased by the progress we are making across the petosemtamab clinical development program," said Peter Silverman, Chief Operating Officer. "Petosemtamab continues to demonstrate meaningful clinical activity in head and neck cancer, and we are excited by the opportunity to expand into mCRC and investigate this novel potential treatment for patients struggling with this devastating disease."
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BDRBF | Hot Stocks08:03 EDT Bombardier positions Challenger 3500 business jet mockup in Olbia, Italy - Bombardier announced the presence of the Challenger 3500 aircraft mockup at the private terminal of the Costa Smeralda Airport in Olbia, Italy. Throughout the summer, business aviation clients will have a firsthand opportunity to experience the award-winning cabin and see the revolutionary seating of the super midsize jet. The journey of the full-size aircraft mockup included stops in Paris and Nice, France, and provides a convenient setting for European clients to discover the innovative and sophisticated features that make the Bombardier Challenger 3500 the leader in its class. "The presence of the Bombardier Challenger 3500 mockup in a frequented travel destination such as Olbia is a testament to our commitment to providing a stress-free and easy access to product viewing," said Emmanuel Bornand, Vice President, International Sales, Bombardier. "This is one of the many ways we make the business aviation experience unique. Every step of the way, we consistently tailor our services and support to meet our clients at their altitude, and that only comes from a genuine understanding of who they are and what they need. We are thankful to have this opportunity to showcase the amazing comfort, luxury and seamless technological features of the best-selling Challenger 3500 in the beautiful Sardinian FBO."
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KORE | Hot Stocks08:03 EDT Kore Group names Bruce Gordon as COO - Kore Group announced that Bruce Gordon has joined as Executive Vice President and COO, effective July 2. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles. Most recently, he served as CEO and Executive Chairman of GeoDigital, a provider of 3D services and geospatial intelligence software.
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MCO | Hot Stocks08:02 EDT Moody's acquires GCR, terms undisclosed - Moody's announced that it has fully acquired Global Credit Rating, or GCR, a domestic credit rating agency with operations spanning Africa. The announcement follows Moody's 2022 acquisition of a majority stake in GCR, and expands Moody's investment in Africa's domestic credit markets. GCR rates financial institutions, corporates, public sector issuers, and structured transactions across Africa, and maintains offices in South Africa, Nigeria, Senegal, Kenya, and Mauritius. It will continue to operate as an affiliate of Moody's - developing its own rating methodologies, issuing its own credit ratings, and maintaining a separate management team. The terms of the transaction were not disclosed, and it will not have a material impact on Moody's 2024 financial results.
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AHT | Hot Stocks08:01 EDT Ashford Hospitality sees Q2 occupancy of approximately 75% - Ashford Hospitality Trust reported that the company expects to report occupancy of approximately 75% for the second quarter of 2024 with Average Daily Rate of approximately $200 resulting in RevPAR of approximately $150. This Comparable RevPAR reflects an approximate increase of 1.4% compared to the second quarter of 2023. Additionally, for the month of April 2024, Comparable RevPAR increased approximately 3.0% versus April 2023. For the month of May 2024, Comparable RevPAR increased approximately 1.4% versus May 2023. For the month of June 2024, Comparable RevPAR decreased approximately 0.1% versus June 2023.
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FRSX | Hot Stocks07:52 EDT Foresight Autonomous amends agreement with SUNWAY-AI Technology - Foresight Autonomous announced the signing of an amendment to an existing agreement with SUNWAY-AI Technology. As per the amendment, the Company's ScaleCam will be incorporated into SUNWAY's innovative line of autonomous logistics and robotic vehicles. This amendment to the joint development and supply agreement signed with SUNWAY, as announced by the Company on November 16, 2022, states that Foresight will initially equip SUNWAY'S unmanned warehouse and materials handling vehicles, autonomous coffee machine carts and wireless charging robotic vehicles with its advanced 3D perception systems to enable autonomous capabilities for both indoor and outdoor operations. This integration will enable SUNAWAY's unmanned logistics and robotic vehicles to navigate complex environments seamlessly, enhancing the efficiency and safety of logistical operations across a wide range of industries and applications. If SUNWAY approves Foresight's ScaleCam solution, customized to their specific requirements, Foresight is expected to supply the first batch of ScaleCam systems by the end of 2024.
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TW | Hot Stocks07:43 EDT Tradeweb Markets reports June total trading volume $37.5tn, ADV $1.94tn - Tradeweb Markets reported total trading volume for the month of June 2024 of $37.5tn. Average daily volume or ADV for the month was $1.94tn, an increase of 40.9 percent year-over-year . For the second quarter of 2024, total trading volume was $121.0tn and ADV was $1.92tn, an increase of 48.3% YoY, with preliminary average variable fees per million dollars of volume traded of $2.43.2 Tradeweb CEO Billy Hult said: "Tradeweb in Q2 reported double digit, YoY volume growth in rates, credit, money markets and equities. We set new records for quarterly ADV in U.S. government bonds, fully electronic U.S. high yield and repo, as well as capturing record share of fully electronic U.S. high grade credit. The second quarter of 2024 culminated with a strong June, led by a 54% YoY increase in rates ADV and continued momentum in credit ADV - up 67% YoY. U.S. government bond ADV was up 50.8% YoY to $210.7 billion. European government bond ADV was up 17.4% YoY to $50.5bn. U.S. government bond volumes were supported by growth across all client sectors. Increased adoption across a range of protocols and favorable market conditions contributed to the increase in volume. ...U.S. credit volumes were driven by increased client adoption, most notably in request-for-quote portfolio trading and Tradeweb AllTrade(R). Tradeweb captured 18.9% share of fully electronic U.S. high grade TRACE, and 8.1% share of fully electronic U.S. high yield TRACE. In Europe, portfolio trading and our unique dealer...
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OLK TMO | Hot Stocks07:40 EDT Olink receives CMA clearance for acquisition by Thermo Fisher - Olink Holding (OLK) announced that the UK Competition and Markets Authority has unconditionally approved the previously announced tender offer by Orion Acquisition, a wholly owned subsidiary of Thermo Fisher Scientific (TMO), for all outstanding Common Shares and American Depositary Shares of Olink for $26.00 per Share. The Offer is being made pursuant to the Purchase Agreement, dated as of October 17, 2023, by and between Thermo Fisher and Olink. As a result of the CMA approval, Olink and Thermo Fisher expect to complete the Offer promptly following the expiration of the Offer at 5:00 p.m. Eastern time on July 9, 2024. Completion of the Offer remains subject to the conditions set forth in the Offer to Purchase, dated October 31, 2023, including that Buyer holds Common Shares and American Depositary Shares that represent at least one Common Share more than 90% of the issued and outstanding Common Shares immediately prior to the Expiration Time.
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VRPX | Hot Stocks07:39 EDT Virpax announces $2.5M loan financing, additional pact with investor - Virpax Pharmaceuticals announced that it has closed a $2.5M secured loan financing from an institutional investor which enabled the final payment of its litigation settlement. As part of this financing, the company's Board of Directors has been reorganized, and has been reduced to seven members from eight. Four new board members have been selected by the institutional investor and appointed to the Board, and five Board members have resigned. "This loan by the institutional investor, combined with an agreement to negotiate additional funding, will allow us to continue fulfilling our mission to develop non-addictive pain drugs as well as other CNS product candidates with high unmet medical need," stated Gerald Bruce, CEO of Virpax Pharmaceuticals. ... Additionally, Virpax announced the changes to its Board of Directors with the appointments of Ms. Judy Su, Mr. Gary Herman, Mr. Jatinder Dhaliwal and Ms. Katharyn Field. Resignations from Virpax's Board were tendered effective upon consummation of the financing by Dr. Jeffrey Gudin, Dr. Thanigavelan Jambulingam, Mr. Michael Dubin, Mr. Jerrold Sendrow and Dr. Barbara Ruskin.
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REKR | Hot Stocks07:37 EDT Rekor Systems announces availability of Rekor Discover in AWS Marketplace - Rekor System announced the availability of its leading Rekor Discover Platform, including the Class, Count & Speed and Vehicle Insite applications, in AWS Marketplace. AWS customers will now have access to Rekor Systems' Rekor Discover directly within AWS Marketplace, providing AWS customers with the ability to streamline the purchase and management of the platform within their AWS Marketplace account.
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AMAT | Hot Stocks07:35 EDT Applied Materials unveils chip wiring innovations for energy-efficient computing - Applied Materials introduced materials engineering innovations designed to increase the performance-per-watt of computer systems by enabling copper wiring to scale to the 2nm logic node and beyond. Today's most advanced logic chips can contain tens of billions of transistors connected by more than 60 miles of microscopic copper wiring. Each layer of a chip's wiring begins with a thin film of dielectric material, which is etched to create channels that are filled with copper. Low-k dielectrics and copper have been the industry's workhorse wiring combination for decades, allowing chipmakers to deliver improvements in scaling, performance and power-efficiency with each generation. However, as the industry scales to 2nm and below, thinner dielectric material renders chips mechanically weaker, and narrowing the copper wires creates steep increases in electrical resistance that can reduce chip performance and increase power consumption. Applied's Black Diamond material has led the industry for decades, surrounding copper wires with a low-dielectric-constant - or "k-value" - film engineered to reduce the buildup of electrical charges that increase power consumption and cause interference between electrical signals. Applied introduced an enhanced version of Black Diamond, the latest in the company's Producer Black Diamond PECVD family. This new material reduces the minimum k-value to enable scaling to 2nm and below, while offering increased mechanical strength which is becoming critical as chipmakers and systems companies take 3D logic and memory stacking to new heights. The latest Black Diamond technology is being adopted by all leading logic and DRAM chipmakers. To scale chip wiring, chipmakers etch each layer of low-k film to create trenches, then deposit a barrier layer that prevents copper from migrating into the chip and creating yield issues. The barrier is then coated with a liner that ensures adhesion during the final copper reflow deposition sequence, which slowly fills the remaining volume with copper. As chipmakers further scale the wiring, the barrier and liner take up a larger percentage of the volume intended for wiring, and it becomes physically impossible to create low-resistance, void-free copper wiring in the remaining space. Applied Materials publicly introduced its latest IMS which combines six different technologies in one high-vacuum system, including an industry-first combination of materials that enables chipmakers to scale copper wiring to the 2nm node and beyond. The solution is a binary metal combination of ruthenium and cobalt, which simultaneously reduces the thickness of the liner by 33 percent to 2nm, produces better surface properties for void-free copper reflow, and reduces electrical line resistance by up to 25 percent to improve chip performance and power consumption. The new Applied Endura Copper Barrier Seed IMS with Volta Ruthenium CVD is being adopted by all leading logic chipmakers and began shipping to customers at the 3nm node. An animation of the technology can be viewed here.
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LUV | Hot Stocks07:34 EDT Southwest appoints Rakesh Gangwal to board of directors - The Board of Directors of Southwest Airlines has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal has deep and extensive airline industry experience and is the co-founder of India's largest airline by fleet size and passengers carried, InterGlobe Aviation, known as IndiGo. Before co-founding IndiGo in 2006, Gangwal served as Chairman, President, and Chief Executive Officer of Worldspan Technologies, a provider of technology and information services to the travel and transportation industry.
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HLVX | Hot Stocks07:33 EDT HilleVax says NEST-IN1 study did not meet primary, secondary efficacy endpoints - HilleVax announced topline data results from NEST-IN1. NEST-IN1 is a Phase 2b, randomized, double-blind, placebo-controlled clinical trial to evaluate the efficacy, safety, and immunogenicity of HIL-214 in infants of approximately 5 months of age at the time of initial vaccination at sites in the United States and Latin America. In the NEST-IN1 study there were 51 primary endpoint events with 25 in the vaccine arm and 26 in the placebo arm resulting in vaccine efficacy of 5%. The study did not meet its primary endpoint of efficacy against moderate or severe acute gastroenteritis events due to GI.1 or GII. norovirus genotypes. No clinical benefit was observed across secondary endpoints. HIL-214 exhibited a safety and immunogenicity profile consistent with what was observed in the prespecified analysis of the first 200 subjects in NEST-IN1 and in previously reported studies. The NEST-IN1 study was conducted after a Phase 2b study in adults, NOR-211, demonstrated statistically significant efficacy against moderate or severe AGE due to norovirus. The company plans to discontinue further development of HIL-214 in infants and is exploring the potential for continued development of HIL-214 and HIL-216, HilleVax's Phase 1 ready vaccine candidate, in adults.
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CASI | Hot Stocks07:32 EDT Casi Pharmaceuticals names Daniel Lang, MD as CFO - CASI Pharmaceuticals announces appointment of Daniel Lang, MD as CFO and Senior Vice President, effective July 8th. Dr. Lang has more than 30 years of experience as a physician scientist, investor, and biotech executive. He is a cardiologist by training from UCSF, followed by 20 years of investment experience as a portfolio manager at Farallon Capital and Chief Investment Officer at RS Investments Value Group. Most recently, he was the President of Athenex cell therapy division and led clinical development of the NKT cell platform.
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AMRN | Hot Stocks07:32 EDT Amarin announces partner EddingPharm received regulatory approval for VASCEPA - Amarin Corporation announced that its commercial partner in Mainland China, EddingPharm, has received regulatory approval for VASCEPA from China's National Medical Products Administration, NMPA. NMPA granted approval for VASCEPA to reduce the risk of cardiovascular events as an adjunct to statin therapy in adult patients with elevated and high triglycerides and established cardiovascular disease or diabetes mellitus with greater than or equal to2 other cardiovascular disease risk factors, combined with hypertriglyceridemia. Following approval by NMPA, EDDING is working to include VASCEPA on the National Reimbursement Drug Listing and augment the ongoing commercial launch of VASCEPA in China to include the CVRR indication. As part of the approval, NMPA has requested that EDDING conduct a post-approval study after the product is marketed to further verify the efficacy of the product to reduce the risk of cardiovascular events in Chinese patients and provide a post-approval study report to conduct a life-cycle benefit-risk assessment at the time of product renewal. Product renewal is required five years post the approval of the product.
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RILY | Hot Stocks07:31 EDT B. Riley Financial acquires Interface Consulting International, no terms - B. Riley Financial announced it has acquired the assets of Interface Consulting International, an engineering and construction consulting and expert services firm.
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VEV | Hot Stocks07:21 EDT Vicinity Motor secures expanded order fo 14 additional Vicinity Lightning buses - Vicinity Motor has received an expansion to its order from strategic partner Sustainability Partners, increasing it's initial order from four Vicinity Lightning electric buses to eighteen via Soderholm Sales & Leasing, Vicinity's Pacific Islands distributor. The 18 Vicinity Lightning electric buses will be used at the Daniel K. Inouye International Airport in Honolulu, the largest airport in the State of Hawaii serving 21 million passengers per year. The State of Hawaii Department of Transportation will utilize SP's Electric Vehicles as a Service program to finance the transition of the traditional diesel fleet to Vicinity's electric vehicles. SSL is facilitating the sale and providing long-term technical and maintenance support for the project. The expanded order for eighteen electric buses will be manufactured at Vicinity's Ferndale, Washington facility and is scheduled for delivery in 2024.
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DPMLF | Hot Stocks07:19 EDT Dundee Precious Metals sees 2024 gold production 245K-285K oz. - Sees copper production 29M-34M lbs.
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DPMLF | Hot Stocks07:18 EDT Dundee Precious Metals reports Q2 gold production 67.6K oz. - Reports Q2 copper production 7.9M lbs. "We continue to deliver strong, consistent results from our operations, with gold and copper production increasing in the second quarter as planned," said David Rae, President and Chief Executive Officer. "With both mines on track to achieve our 2024 guidance targets, we are well-positioned to continue our strong operating track record." Chelopech produced approximately 43.7 thousand ounces of gold and 7.9 million pounds of copper in the second quarter. Gold production was slightly higher than expected as a result of better recoveries, while copper production was slightly below plan due to lower-than-expected copper grades. As per the mine plan, the Company continues to expect higher grades over the balance of the year, and Chelopech is on-track to achieve its 2024 guidance targets for gold and copper production. Ada Tepe produced 23.9 thousand ounces of gold in the second quarter, in-line with expectations. Discontinued Operation: In March 2024, DPM announced that it had entered into a definitive share purchase agreement with a subsidiary of Sinomine Resource Group Co. Ltd. for the sale of its interest in the Tsumeb smelter in Namibia. The transaction is expected to close in the third quarter of 2024. During the second quarter of 2024, the Tsumeb smelter processed approximately 52.9 thousand tonnes of complex concentrate.
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ACET | Hot Stocks07:18 EDT Adicet Bio gets fast track designation for ADI-270 to treat ccRCC - Adicet Bio announced the U.S. Food and Drug Administration or FDA, has granted Fast Track Designation to ADI-270 for the potential treatment of patients with metastatic/advanced clear cell renal cell carcinoma or ccRCC, who have been treated with an immune checkpoint inhibitor and a vascular endothelial growth factor inhibitor. "We are pleased that ADI-270, our first ever gamma delta 1 CAR T cell therapy candidate to enter clinical trials for solid tumors, has been granted Fast Track Designation by the FDA," said Chen Schor, President and Chief Executive Officer of Adicet Bio. "ccRCC is the most common type of kidney cancer, and this significant milestone underscores our commitment to advancing innovative treatments to these patients as quickly as possible." Fast Track Designation is a process designed to facilitate development and expedite the review of drugs intended to treat serious conditions and fill an unmet medical need.
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LFSWF | Hot Stocks07:17 EDT Lifeist Wellness reports Mikra filed a PLA with Health Canada for CELLF 2.0 NPN - Lifeist Wellness reports that its U.S. biosciences subsidiary Mikra Cellular Sciences has filed a Natural Health Product License Applicationless than LPA, with Health Canada, seeking a Natural Product Number, NPN, for its cellular health product CELLF 2.0. "We're pleased to announce that Mikra has applied to Health Canada for an NPN for CELLF 2.0," said Andrea Judge, CEO of Mikra. "Receiving this NPN will allow us to market and promote CELLF 2.0 throughout Canada, both directly and via multiple other sales channels. We look forward to successfully navigating the Health Canada application process and wish to thank our experienced advisors at KGK Science Inc. for their sound guidance throughout the preparation and drafting of our application."
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DPMLF | Hot Stocks07:17 EDT Dundee Precious Metals reports Q2 gold production 67.6K oz. - Reports Q1 copper production 7.9M lbs. "We continue to deliver strong, consistent results from our operations, with gold and copper production increasing in the second quarter as planned," said David Rae, President and Chief Executive Officer. "With both mines on track to achieve our 2024 guidance targets, we are well-positioned to continue our strong operating track record." Chelopech produced approximately 43.7 thousand ounces of gold and 7.9 million pounds of copper in the second quarter. Gold production was slightly higher than expected as a result of better recoveries, while copper production was slightly below plan due to lower-than-expected copper grades. As per the mine plan, the Company continues to expect higher grades over the balance of the year, and Chelopech is on-track to achieve its 2024 guidance targets for gold and copper production. Ada Tepe produced 23.9 thousand ounces of gold in the second quarter, in-line with expectations. Discontinued Operation: In March 2024, DPM announced that it had entered into a definitive share purchase agreement with a subsidiary of Sinomine Resource Group Co. Ltd. for the sale of its interest in the Tsumeb smelter in Namibia. The transaction is expected to close in the third quarter of 2024. During the second quarter of 2024, the Tsumeb smelter processed approximately 52.9 thousand tonnes of complex concentrate.
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BDIMF | Hot Stocks07:15 EDT Black Diamond Group commences trading on OTCQX - Black Diamond Group announces the Company's common shares have been accepted for trading on the OTCQX Best Market. Commencing today, July 8, 2024 the shares will be available to trade under the symbol "BDIMF" on the OTCQX Best Market, the top tier of OTC Markets. Black Diamond shares will continue to be listed and trade on the Toronto Stock Exchange under the ticker symbol BDI.
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ZPTA QBTS | Hot Stocks07:14 EDT Zapata AI, D-Wave Quantum expand joint commercial partnership - Zapata (ZPTA) and D-Wave Quantum (QBTS) announced a significant expansion to their joint commercial partnership, designed to accelerate the development and delivery of integrated quantum and generative AI solutions in D-Wave's Leap cloud platform. The new agreement leverages Zapata's proprietary Universal Generative AI software for rapid development and builds upon D-Wave's Leap real-time quantum cloud service to support quantum, hybrid quantum, and classical AI solutions. The joint development work will focus on improved and more energy efficient model training, more performant models, and the synergistic use of Generative AI and quantum optimization.
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FANH | Hot Stocks07:13 EDT Fanhua announces grant of share options to key employees - Fanhua announced that its board of directors has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares to 15 management team members of the Company's major subsidiaries. The share options are immediately exercisable until July 15, 2024, subject to certain conditions.
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RCM | Hot Stocks07:13 EDT TCP-ASC says finalizing bid to acquire all outstanding R1 RCM shares not owned - In a regulatory filing after the close on Friday, R1 RCM disclosed that TCP-ASC amended Item 4 of its Schedule 13D by deleting the final sentence of the first paragraph added to Item 4 by Amendment No. 4 to the Schedule 13D filed on March 11. Item 4 of the Schedule 13D is hereby amended and supplemented as follows: "CoyCo and the Partnership have ceased discussions regarding their potential pursuit of a Joint Transaction. The Partnership is in the process of finalizing a proposal to acquire all of the outstanding shares of Common Stock that are not currently owned by the Partnership at a price per share higher than the proposal described in the standstill waiver request by CoyCo on July 1, 2024. The Partnership has submitted to the Issuer a request to waive the standstill obligations in the A&R Investor Rights Agreement to permit the Partnership to submit a proposal to the Issuer. The foregoing description of the July 5 Waiver Request is not intended to be complete and is qualified in its entirety by reference to the full text of the July 5 Waiver Request filed as Exhibit 7.12 hereto. As previously disclosed, the Partnership and its affiliates are not interested in selling any shares of Common Stock that the Partnership holds to another party at this time. Ascension, TowerBrook and their respective affiliates do not intend to participate in the proposal described in the standstill waiver request by CoyCo on July 1, 2024. Joseph Flanagan, a member of the Board of Directors and the former Chief Executive Officer of the Issuer, and the Reporting Persons are in discussions regarding the possibility of Mr. Flanagan serving in a senior executive capacity with the Issuer following a potential acquisition of the Issuer by the Reporting Persons. In the interim, Mr. Flanagan expects to assist the Reporting Persons in conducting due diligence on the Issuer. The Reporting Persons have not reached any agreement, arrangement or understanding with Mr. Flanagan regarding any potential transaction with the Issuer." Reference Link
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DVN | Hot Stocks07:13 EDT Devon Energy announces strategic acquisition in Williston Basin - Devon Energy announced it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024. "The acquisition of Grayson Mill is an excellent strategic fit for Devon that allows us to efficiently expand our oil production and operating scale while capturing a meaningful runway of highly economic drilling inventory," stated Rick Muncrief, Devon's president and CEO. "This transaction also creates immediate value within our financial framework by delivering sustainable accretion to earnings and free cash flow that will result in higher distributions to shareholders over time." Devon will fund the $5 billion acquisition with $3.25 billion of cash and issue 37 million shares of common stock valued at $1.75 billion. The company plans to finance the cash portion of the purchase price through a combination of cash on hand and debt.
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ABSSF | Hot Stocks07:13 EDT AirBoss of America retains TD Securities to assist with strategic review - AirBoss of America announced an update on its strategic transition, building on its previously announced realignment into two new reportable segments: AirBoss Rubber Solutions and AirBoss Manufactured Products. This transition reflects the Company's focus on its core rubber compounding capabilities and strategic growth opportunities. In furthering this transition, AirBoss has retained TD Securities Inc. as its financial advisor to assist the Company with its strategic review of various alternatives to create value for shareholders. The alternatives under review by the Company may include, but are not limited to, acquisitions, divestures and various structural and financing options, including the potential monetization of the Company's real estate assets. There can be no assurance that this process will result in the successful completion of any such potential transaction, nor any assurance as to the outcome or timing of the Company's strategic review. There is no timetable for completion of this process and AirBoss does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate.
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BDIMF | Hot Stocks07:11 EDT OTC Markets Group welcomes Black Diamond Group to OTCQX - OTC Markets Group announced Black Diamond Group has qualified to trade on the OTCQX Best Market. Black Diamond Group Limited upgraded to OTCQX from the Pink market.
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HOOK | Hot Stocks07:11 EDT Hookipa Pharma announces 1-for-10 reverse stock split - HOOKIPA Pharma announced that a 1-for-10 reverse stock split of its outstanding shares of common stock will be effective as of 5:00 p.m. Eastern Time on July 9, 2024. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on July 10, 2024. Following the reverse stock split, the Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "HOOK" with the new CUSIP number 43906K209. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
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EDAP | Hot Stocks07:10 EDT EDAP TMS appoints Fran Schulz to board of directors - EDAP TMS announced the appointment of Fran Schulz to its Board of Directors. Schulz is a seasoned executive with over 35 years of experience with EY who has spent her career working with large public and emerging private companies throughout the life sciences industry.
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BITF | Hot Stocks07:10 EDT Bitfarms appoints Gagnon as Chief Executive Officer - Bitfarms announced that the Board of Directors has appointed Ben Gagnon Chief Executive Officer, effective immediately. He was previously Chief Mining Officer. Gagnon started his career at Bitfarms as Director of Business Development in 2019 and was promoted to the Director of Mining Operations in 2020 and Chief Mining Officer in 2021. The Company noted that the retention of the Chief Executive Officer is independent of the Special Committee's process to review strategic alternatives. The Special Committee remains committed to thoroughly evaluating all opportunities to maximize shareholder value.
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MEG | Hot Stocks07:09 EDT Montrose Environmental acquires Spirit Environmental, terms undisclosed - Montrose Environmental announced the acquisition of Spirit Environmental, a provider of air permitting and compliance services. Spirit's senior leadership team, including founder and CEO Brad Herrin, will join Montrose's Consulting and Engineering division within the company's assessment, permitting and response segment. Terms of the transaction were not disclosed. Headquartered in Houston, Texas and focusing on the energy and petrochemical industries across the central U.S., Spirit Environmental specializes in air quality consulting services, including permitting, regulatory compliance and dispersion modeling. In addition, Spirit provides environmental consulting services, including water quality, sustainability, waste and natural resources management.
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BCDA | Hot Stocks07:09 EDT BioCardia, CellProthera collaborate on Phase II trial of ProtheraCytes - CellProthera and BioCardia announce success from a collaborative Phase II trial of ProtheraCytes for the treatment of acute myocardial infarction, AMI, led by CellProthera, as well as plans to continue the relationship into Phase III. CellProthera's clinical results from the Phase I/IIb EXCELLENT Trial, which studied the feasibility of transendocardial injection of ProtheraCytes for acute myocardial infarction when delivered in combination with the standard of care, suggested an effective solution for preventing heart failure progression in the patients at high risk following a heart attack. The ProtheraCytes, which are autologous, expanded CD34+ stem cells, were well tolerated with no unexpected serious adverse events reported. Transendocardial administration of ProtheraCytes, performed utilizing the percutaneous catheter delivery system from BioCardia, was associated with improvements in multiple efficacy endpoints including a significant improvement of the viability of segments from baseline to six months, a consistent positive trend of improvement of LV volumes at six months, and a faster decrease in an important biomarker of heart failure, NTproBNP.
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LGND | Hot Stocks07:08 EDT Ligand to acquire APEIRON Biologics AG for $100M cash - Ligand Pharmaceuticals announced that it has entered into a definitive agreement to acquire APEIRON Biologics AG, which holds royalty rights to QARZIBA or dinutuximab beta for the treatment of high-risk neuroblastoma, for $100M in cash. In addition, Ligand will pay APEIRON shareholders additional consideration based on future commercial and regulatory events, including up to $28M if QARZIBA royalties exceed certain predetermined thresholds by either 2030 or 2034, respectively. APEIRON is a private biopharmaceutical company based in Vienna, Austria. ..."The addition of QARZIBA to our commercial royalty portfolio further supports our growth strategy to invest in high-value medicines that deliver significant clinical value and generate Under the terms of the agreement, which has been unanimously approved by both the Board of Directors at Ligand and APEIRON's Supervisory Board, Ligand will acquire all the outstanding shares of APEIRON for $100 million in cash at closing. Ligand will also pay APEIRON shareholders additional consideration based on future commercial and regulatory events, including up to $28 million if QARZIBA royalties exceed certain predetermined thresholds by either 2030 or 2034, respectively. The transaction is subject to a 30-day shareholder objection period and other customary closing conditions and is expected to close in July 2024. Concurrently, Ligand is also entering into a stock purchase agreement whereby it has committed to investing up to $4 million in invIOs Holding AG, a privately held spin-off of APEIRON. The proceeds will help finance the research and development of three innovative early-stage immuno-oncology assets. APEIRON is entitled to royalties and milestone payments on these assets which will further expand Ligand's development stage portfolio. This transaction is expected to close in July 2024. Financial Guidance Update The APEIRON acquisition will be immediately accretive to Ligand's earnings per share by approximately $1.00 on an annualized basis. Ligand is increasing its 2024 revenue guidance to be in the range of $140 million to $157 million previously $130 million to $142 million and is raising core adjusted EPS guidance to $5.00 to $5.50 previously $4.25 to $4.75 . Royalties are now expected to range from $100 million to $105 million previously $90 million to $95 million . Guidance for sales of Captisol is unchanged at $25 million to $27 million and contract revenue is now expected to range from $15 million to $25 million, previously $15M to $20M .
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SUNS | Hot Stocks07:08 EDT Sunrise Realty Trust invests $14.1M in senior loan for Austin development - Sunrise Realty Trust announced that it invested $14.1 million in a senior secured mortgage loan for the refinance of Jovie Belterra, a 150-unit 55+ age-restricted active adult multi-family rental development in southwest Austin. An affiliated fund invested the remaining $21.1 million of the total loan amount. Spanning over 140,000+ net rentable square feet, the Project is nestled in the Belterra Master Planned Community in Dripping Springs of Hays County in Austin's Hill Country, one of the most sought-after and fastest-growing counties in Texas, ranking among the top counties in growth in the United States over the past decade. he sponsor, Wilson Capital, is an Austin-based real estate developer specializing in the development of multi-family communities in Central Texas. The Project is comprised of two buildings featuring 150 apartments, along with a suite of resort-style, lifestyle focused amenities. One building has already been completed with the full Project expected to be completed in the third quarter of 2024.
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ITOS GSK | Hot Stocks07:08 EDT iTeos Therapeutics announces first patient dosed in GALAXIES Lung-301 study - iTeos Therapeutics (ITO)S announced the dosing of the first patient in GALAXIES Lung-301, a global, randomized, double-blind Phase 3 registrational clinical trial of belrestotug + dostarlimab versus placebo + pembrolizumab in patients with first-line advanced, unresectable, or metastatic PD-L1 high NSCLC. This event has triggered $35 million in development milestone payments from GSK (GSK), its partner for belrestotug. "Dosing the first patient in the GALAXIES Lung-301 study marks a significant milestone for belrestotug + dostarlimab. iTeos was founded with the goal of advancing therapeutic options for patients by leveraging best-in-class science. The decision to launch our first TIGIT:PD-1 doublet Phase 3 trial underscores our disciplined, data-driven investment approach and was informed by several promising preliminary clinical surrogates such as safety, ORR, and depth of response from the latest interim analysis in May 2024," said Michel Detheux, Ph.D., president and chief executive officer of iTeos. "We are excited about the ongoing Phase 2 GALAXIES Lung-201 trial and look forward to presenting data from the most recent interim analysis of this study at a medical meeting in 2024."
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PLUR | Hot Stocks07:07 EDT Pluri announces proof of concept agreement with an agriculture corporation - Pluri has announced a strategic proof of concept agreement with a leading international agriculture corporation. The agreement is intended to boost the global vegetable product supply, streamline supply chains, and combat global climate change while ensuring a natural and more sustainable future for agriculture. The collaboration leverages the strengths of both companies-Pluri's extensive expertise in cell-expansion technologies and cellular agriculture complements the partner's global presence, knowledge of the food industry and dominant position in the vegetable market. The result of the planned collaboration has the potential to minimize environmental impact and foster greater food security.
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LXEO ARGX | Hot Stocks07:07 EDT Lexeo Therapeutics appoints Tim Van Hauwermeiren to board of directors - Lexeo Therapeutics (LXEO) announced the appointment of Tim Van Hauwermeiren, co-founder and CEO of argenx SE (ARGX), as an independent, non-executive director to its Board of Directors.
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XERS | Hot Stocks07:06 EDT Xeris Biopharma CEO Paul Edick to retire, John Shannon to succeed - Xeris Biopharma announced a CEO succession plan effective August 1, under which Paul Edick will be retiring from his day-to-day operational and chairman role at Xeris after more than seven years with the company. Pursuant to the company's succession plan, the board has appointed, John Shannon, Xeris' president and COO, as the new CEO and a member of the board of directors. Shannon has been a member of Xeris' executive leadership team since 2017. Edick will serve in a senior advisory role to Xeris through February 1, 2026. The company also announced that Marla Persky will be chairperson of the board effective August 1.
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PYR | Hot Stocks07:06 EDT PyroGenesis announces purchase of Drosrite International - PyroGenesis Canada announces that the Company has purchased 100% control of Drosrite International, a US-based private company, for CAD$1.00. Drosrite International had already been, on an accounting basis, a subsidiary of the Company, but legally a stand-alone entity. An exclusive agreement was entered into between PyroGenesis and Drosrite International on August 29, 2019, under which Drosrite International received the required rights from PyroGenesis to manufacture, market, sell and distribute Drosrite systems and technology to the Kingdom of Saudi Arabia, and certain other countries in the Middle East. With the purchase agreement announced today, the Company acquires full control of Drosrite International.
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CSIQ | Hot Stocks07:05 EDT Canadian Solar's e-STORAGE secures contract from Nova Scotia Power - Canadian Solar announced that e-STORAGE, which is part of the company's majority-owned subsidiary CSI Solar Co., Ltd., has secured a contract from Nova Scotia Power to develop flagship energy storage projects across three locations in Nova Scotia, Canada: Bridgewater, Waverley, and White Rock. The projects, totaling 150 MW / 705 MWh DC, will play a crucial role in enhancing grid reliability and stability, supporting the province's transition to cleaner energy. Construction will be completed by the end of 2026, and the first site expected to be operational in 2025. e-STORAGE will provide comprehensive engineering, procurement, and construction services along with long-term service agreements.
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BPTH | Hot Stocks07:04 EDT Bio-Path provides clinical update, expansion plans - Bio-Path Holdings provides an update on the Company's clinical progress and plans for expansion. Clinical Program Overview: Bio-Path's clinical development program consists of one Phase 2 clinical trial and three Phase 1 or 1/1b clinical trials. Bio-Path has developed a molecular biomarker package to accompany prexigebersen treatment and is currently expanding prexigebersen preclinical studies for the treatment of obesity. Prexigebersen Phase 2 Clinical Trial - The study is currently paused for an interim analysis, amendment preparation and U.S. Food and Drug Administration review. Bio-Path expects to complete enrollment in cohorts 1 and 2 of the study over the next eighteen months. Phase 1/1b Clinical Trial in BP1001-A in Advanced Solid Tumors - In recent months, Bio-Path advanced to dose level 2 and expects to complete enrollment in order to advance to dose level 3 by year-end. Phase 1/1b Clinical Trial in BP1002 in Relapsed/Refractory AML - Bio-Path recently completed the second dose cohort of 40 mg/m2 and is completing an analysis of PK/PD data to be submitted to the FDA in order to advance to the next dose level. Upon submission of data and approval from FDA, Bio-Path expects to advance to dose level 3 in the fourth quarter of 2024. Phase 1 Clinical Trial in BP1002 in Refractory/Relapsed Lymphoma and Chronic Lymphocytic Leukemia - Enrollment has continued for patients in the second BP1002 dose cohort of 40 mg/m2 and the Company expects to complete enrollment and to review these data by year-end. Preclinical Work for BP1003 - The Company continues to advance its drug candidate, BP1003, for the treatment of advanced solid tumors, including pancreatic cancer. BP1003 is an antisense RNAi nanoparticle targeting the STAT3 protein. Plans are to conduct a Phase 1 study of BP1003 in patients with refractory, metastatic solid tumors. Prexigebersen as Potential Treatment for Obesity and Obesity-related Cancers - The Company is preparing for preclinical development evaluating prexigebersen for the treatment of obesity and will continue thereafter to conduct additional Investigational New Drug-enabling studies with an aim to advance prexigebersen into first-in-human studies in this indication.
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AFCG | Hot Stocks07:04 EDT AFC Gamma reconfirms completion date of spin-off of commercial RE portfolio - AFC Gamma, reconfirms that the spin-off of its commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, will be completed on July 9, 2024. Shareholders of AFC Gamma common stock as of the close of business on July 8, 2024 will receive one share of new SUNS common stock for every three shares of AFC Gamma common stock held on the Record Date. The distribution is expected to occur before trading begins on July 9, 2024 and SUNS common stock will trade on the Nasdaq Capital Market under the symbol "SUNS". AFC Gamma will not issue fractional shares of its common stock in the distribution. Instead, holders of AFC Gamma common stock will receive cash in lieu of any fractional shares that they would otherwise be entitled to. No action is required from AFC Gamma stockholders to receive the distributed SUNS common shares. You may purchase or sell SUNS common stock on the Distribution Date, but your transaction will not settle until July 11, 2024. Regular trading of SUNS shares on the Nasdaq Capital Market will commence on July 10, 2024. AFC Gamma and SUNS cannot predict the trading prices for their respective common stock before, on or after the Distribution Date.
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AER... | Hot Stocks07:03 EDT AerCap announces major business transactions during Q2 - AerCap Holdings (AER) has announced its major business transactions during the second quarter 2024: Signed 162 lease agreements, including 6 widebody aircraft, 88 narrow body aircraft, 47 engines and 21 helicopters. Completed 47 purchases for 25 aircraft, including 2 Airbus (EADSY) A220 Family aircraft, 15 Airbus A320neo Family aircraft, 3 Airbus A330neos, 2 Boeing (BA) 737 MAX aircraft, 1 Boeing 787-9 and 2 Embraer E195-E2s for AerCap's owned aircraft portfolio, 20 engines and 2 helicopters. Completed 37 sale transactions for 29 aircraft (including 4 Airbus A320 Family aircraft, 9 Airbus A320neo Family aircraft, 1 Airbus A330, 7 Boeing 737NGs, 2 Boeing 737 MAX aircraft, 1 Boeing 777-300ER and 4 Embraer E190s from AerCap's owned aircraft portfolio and 1 aircraft from AerCap's managed aircraft portfolio), 7 engines (including 2 engines from AerCap's owned engine portfolio and 5 engines from AerCap's managed engine portfolio) and 1 helicopter. Repurchased approximately 3.9M shares, at an average price of $88.66 per share, for a total of approximately $345M. Paid first quarterly cash dividend on ordinary shares of 25c per share. Signed financing transactions for approximately $3.6B.
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CREX | Hot Stocks07:03 EDT Creative Realities added to Russell Microcap Index - Creative Realities added as a member of the Russell Microcap Index, effective after the US market opened on July 1, as part of the 2024 Russell indexes reconstitution.
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PLYM | Hot Stocks07:02 EDT Plymouth Industrial REIT provides activity update for Q2 - Plymouth Industrial REIT announced its leasing and development activity for the second quarter of 2024. The Company also announced details for its second quarter earnings conference call and webcast to be held on August 1, 2024. Leases commencing during the second quarter ended June 30, 2024 totaled an aggregate of 1,811,939 square feet, all of which are associated with terms of at least six months. The final project in the first phase of Plymouth's development program, a 52,920-square-foot, fully leased building in Jacksonville, is expected to come online in the fourth quarter of 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Leasing is an important component of our organic growth, and we have continued to execute on our opportunities for both 2024 and 2025. We have addressed many of our top 10 renewals coming up over the next couple of years, have strong prospects on our largest opportunity and expect to bring our development program to 100% leased."
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LLY MORF | Hot Stocks06:56 EDT Eli Lilly to acquire Morphic for $57 per share - Eli Lilly (LLY) and Morphic (MORF) announced a definitive agreement for Lilly to acquire Morphic. Morphic's lead program is a selective oral small molecule inhibitor of a4ss7 integrin for the treatment of inflammatory bowel disease, or IBD, that has the potential to improve outcomes and expand treatment options for patients. This molecule is being evaluated in two Phase 2 studies in ulcerative colitis and one Phase 2 study in Crohn's disease. Additionally, Morphic is developing a preclinical pipeline of other molecules for the treatment of autoimmune diseases, pulmonary hypertensive diseases, fibrotic diseases and cancer. Lilly will commence a tender offer to acquire all outstanding shares of Morphic for a purchase price of $57 per share in cash payable at closing. The transaction has been approved by the boards of directors of both companies. The transaction is not subject to any financing condition and is expected to close in the third quarter of 2024, subject to customary closing conditions, including the tender of a majority of the outstanding shares of Morphic's common stock. Following the successful closing of the tender offer, Lilly will acquire any shares of Morphic that are not tendered in the tender offer through a second-step merger at the same consideration as paid in the tender offer. The purchase price payable at closing represents a premium of approximately 79% to the closing stock price on July 5 and 87.2% to the 30-day volume-weighted average trading price of Morphic's common stock ended on July 5, the last trading day before the announcement of the transaction. Morphic's board of directors recommends that Morphic's stockholders tender their shares in the tender offer. Lilly will determine the accounting treatment of this transaction as a business combination or an asset acquisition, including any related acquired in-process research and development charges, according to GAAP upon closing. This transaction will thereafter be reflected in Lilly's financial results and financial guidance.
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LLY MORF | Hot Stocks06:52 EDT Eli Lilly to acquire Morphic for $57 per share in cash
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REI | Hot Stocks06:47 EDT Ring Energy raises Q2 sales guidance - Ring Energy updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 M borrowing base. Key Highlights: Increases second quarter 2024 sales guidance range above its high end of prior guidance for both barrels of oil per day and barrels of oil equivalent per day. New Oil Sales Guidance: 13,500 to 13,700 Bopd compared to prior guidance of 13,000 to 13,400 Bopd; New Boepd Sales Guidance: 19,500 to 19,700 Boepd versus guidance of 18,500 to 19,100 Boepd. Paul McKinney, Chairman of the Board and CEO, commented, "The second quarter represents another period of strong performance on multiple key fronts for the Company. Contributing to the increased sales volumes that exceeded expectations was the success of our ongoing 2024 capital program and our continued focus on improving efficiencies of our base production. As discussed previously, we are utilizing a phased versus continuous drilling program seeking to maximize free cash flow on a quarterly basis. The ongoing capital program and improvements of our production operations are helping us deliver strong financial returns and maximize adjusted free cash flow generation that we intend to apply towards reducing debt. We paid down $15 million during this year's second quarter and plan to reduce debt meaningfully in the remaining quarters of this year, subject to oil prices remaining at current levels. We also look forward to releasing our full second quarter results early next month and revised guidance for the rest of the year that reflects the outperformance during the first two quarters. We thank our team for their steadfast efforts leading to our success and appreciate the continued support of our stockholders."
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SPIR | Hot Stocks06:44 EDT Spire Global awarded C$1.41M contract from Government of Canada - Spire Global was awarded a C$1.41M contract by the Government of Canada for the provision of global automatic identification system ship tracking data. The one-year contract includes options for two additional years, extending the total potential contract value to nearly C$4.23M. Under the contract, Spire will share its real-time global ship tracking data, providing unparalleled visibility in both open oceans and high-traffic zones. The Company will also provide historical AIS data as well as its AIS position validation capabilities, which leans on its expertise in radio frequency geolocation to determine the true location of a ship even when its signal is manipulated. The data will be used by a variety of agencies and departments within the Canadian government, including the Canadian Space Agency, the Department of National Defense, Transport Canada, and the Canadian Coast Guard. Spire offers the highest volume of AIS messages tracked by satellite.
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GRFS | Hot Stocks06:37 EDT Grifols family holders, Brookfield to evaluate possible joint takeover bid - Grifols issued the following statement on a potential corporate transaction: "With respect to the news published on certain media outlet regarding a possible corporate transaction over Grifols, S.A., the following is indicated: On 7 July the Board of Directors of the Company held an extraordinary meeting in which a request was received through the shareholders which are Grifols family members and Brookfield Capital Partners (UK) Limited to allow for access to certain information of the Company to carry out a due diligence process with respect to a possible acquisition of shares of Grifols. It was informed that the intent of the transaction, in case it goes through, would be delisting the Company. According to the information provided to the Board of Directors, Brookfield and the Family Shareholders have reached an agreement to evaluate a possible joint takeover bid to acquire all the share capital of Grifols. As of today, the Company does not know if such transaction will take place and the terms in which such transaction could be carried out are also unknown for the Company."
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HYZN | Hot Stocks06:36 EDT Hyzon Motors to halt operations in the Netherlands, Australia - Hyzon announced that after considering its options as well as completing its assessment of the challenging market conditions across Europe and Australia, the company will halt its operations in the Netherlands and Australia. Hyzon said the government support for fuel cell-powered transportation in Europe and Australia has waned, including the disbandment in many European countries of hydrogen subsidies. Hyzon currently intends to maintain the potential to return to the European and Australian markets as a fuel cell system supplier to Original Equipment Manufacturers. In connection with the planned exit activities, the company expects to incur charges of approximately $17M, of which approximately $7M is expected to be in cash. Components of the charges include non-cash inventory write-downs of approximately $7M, employee-related costs of approximately $3M, other exit related costs of approximately $4M and non-cash impairment charges of approximately $3M. The company expects to incur these costs in the second and third quarters of 2024 and make the related cash payments in the third and fourth quarters of 2024. Further, the company anticipates derecognition of certain liabilities, which may result in non-cash gains in the third and fourth quarters of 2024. The company is presently unable to estimate these non-cash gains.
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SW | Hot Stocks06:34 EDT Smurfit Westrock announces primary listing on NYSE - Smurfit Westrock is pleased to announce its primary listing on the New York Stock Exchange, under the ticker 'SW,' following the completion of the previously announced combination of Smurfit Kappa and WestRock on July 5.
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KTRA KA | Hot Stocks06:34 EDT TuHURA enters exclusivity agreement with Kineta for KVA12123 - TuHURA Biosciences and Kintara Therapeutics (KTRA) announced TuHURA has entered into an exclusivity and right of first offer agreement with Kineta (KA) for the potential acquisition of Kineta's KVA12123 anti-VISTA antibody and related rights and assets associated with and derived from the asset. Under the terms of the agreement, TuHURA will pay Kineta $5M, with $2.5M paid at signing and, subject to certain provisions, an additional $2.5M to be paid by July 15. In conjunction with the agreement, TuHURA sold $5M of shares of its common stock in a private offering to an existing shareholder. The exclusivity period under the agreement lasts for 90 days, subject to extension for an additional 20 days.
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KA | Hot Stocks06:32 EDT Kineta enters exclusivity, right of first offer agreement with TuHURA Bioscience - Kineta announced that it has entered into an exclusivity and right of first offer agreement with TuHURA Biosciences, a Phase 3 registration-stage immune-oncology company developing novel technologies to overcome resistance to cancer immunotherapy. Pursuant to the Agreement, among other things, Kineta has granted TuHURA an exclusive right to acquire Kineta's worldwide patents, patent rights, patent applications, product and development program assets, technical and business information, and other rights and assets associated with and derived from its development program related to KVA12123, the company's VISTA blocking immunotherapy. This exclusive right shall continue through the first to occur of (a) the execution of any definitive agreement with respect to a potential transaction by TuHURA or one or more of its affiliates and (b) 11:59 PM Eastern Time on October 1, 2024, subject to extension. In consideration for Kineta's compliance with its obligations set forth in the Agreement, TuHURA will pay Kineta a $5M nonrefundable payment.
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IDYA | Hot Stocks06:14 EDT Ideaya Biosciences announces clinical data from IDE397 trial - Ideaya Biosciences announced clinical data for the IDE397 Phase 2 monotherapy expansion dose in methylthioadenosine phosphorylase, or MTAP-deletion urothelial and non-small cell lung cancer, or NSCLC, patients. IDE397 is a potent and selective potential first-in-class methionine adenosyltransferase 2 alpha, or MAT2A, inhibitor in Phase 2 clinical trials for the treatment of MTAP-deletion solid tumors. The company observed encouraging clinical activity at the 30 mg expansion dose in its Phase 2 clinical trial evaluating its potential first-in-class MAT2A inhibitor IDE397 in heavily pre-treated MTAP-deletion urothelial cancer and NSCLC patients. The patients evaluated had a median of two prior lines of therapy, ranging from one to seven prior lines of treatment. The reported Phase 2 clinical data are based on eighteen evaluable MTAP-deletion patients, including seven urothelial cancer, four adenocarcinoma NSCLC, and seven squamous NSCLC patients at the expansion dose of 30 mg once-a-day of IDE397. Reported clinical efficacy and tolerability data are preliminary and based on investigator review from an unlocked database as of the data analysis cutoff date of June 21. The clinical data update in the eighteen evaluable patients by RECIST 1.1 include: ~39% overall response rate, or ORR. One complete response and six partial responses by RECIST 1.1 evaluation out of eighteen evaluable patients. Two partial responses are awaiting confirmation, including one urothelial cancer patient that had a 100% tumor reduction in the target lesion at the last CT-scan assessment and one adenocarcinoma NSCLC patient. One complete response and two partial responses were urothelial cancer patients. Among patients with lung cancer, three partial responses were squamous NSCLC patients, and one partial response was an adenocarcinoma NSCLC patient. There was one non-evaluable patient who discontinued due to rapid clinical progression of cancer fatigue and drug-unrelated adverse events in cycle 1 of treatment. 94% Disease Control Rate. One complete response, six partial responses, and ten stable disease by RECIST 1.1 evaluation out of eighteen evaluable patients. 78% of patients with tumor shrinkage. Fourteen (14) out of eighteen (18) evaluable patients observed tumor shrinkage. Swim lane plot by CT-scan evaluation and preliminary durability assessment: Eleven of eighteen patients still on treatment. Five of seven RECIST 1.1 responses remain in response. Median duration of treatment, median duration of response, and median progression free survival not yet reached 81% ctDNA Molecular Response Rate. Thirteen of sixteen patients with 50% or greater ctDNA reduction. There were several quality control failures of patient samples that led to unavailability for MR analysis. Favorable adverse event profile. Approximately 5.6% grade 3 or higher drug-related AEs and no drug-related serious adverse events observed at IDE397 30mg once-a-day expansion dose. No drug-related AEs leading to discontinuations observed. The company anticipates that the favorable AE profile and dosing convenience of a 30 mg once-a-day tablet has the potential to enable long-term dosing and combination development 30mg once daily expansion dose achieves target drug coverage and plasma S-adenosyl-l-methionine pharmacodynamic reduction associated with preclinical tumor regressions. Ideaya has activated over 35 clinical trial sites globally in the U.S., Canada, Europe, and Asia Pacific to enable potential rapid enrollment for the IDE397 Phase 2 monotherapy expansion in MTAP-deletion lung and bladder cancer in its ongoing trial. There is also an Amgen-sponsored Phase 1/2 trial of IDE397 and AMG 193 combination in MTAP-Deletion NSCLC for which the companies intend to develop a joint publication strategy in 2024. In addition, IDEAYA has initiated enrollment in a Phase 1 clinical trial evaluating the safety, tolerability, pharmacokinetics, pharmacodynamics and efficacy of IDE397 in combination with Trodelvy. Ideaya is also advancing multiple preclinical stage MTAP-deletion programs to enable wholly-owned combinations with IDE397, including a program targeting a development candidate nomination in the second half of 2024.
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FUTU | Hot Stocks06:04 EDT Futu Holdings unit upgrades Type 1 license - Futu Holdings announced that its wholly-owned subsidiary, Futu Securities International Limited, has upgraded its Type 1 license to include virtual asset dealing service by Hong Kong Securities and Futures Commission. This upgrade will enable Futu Securities to provide virtual asset dealing services to both retail and professional investors in Hong Kong.
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OSK | Hot Stocks06:03 EDT Oshkosh Defense says U.S. Army places orders valued at $231.9M - Oshkosh Defense, an Oshkosh business, announced today that the U.S. Army Contracting Command - Detroit Arsenal placed orders valued at $231.9M for modernized heavy tactical vehicles, kits and kit installs. Under the orders, Oshkosh will produce new Heavy Expanded Mobility Tactical Truck A4 tankers, cargos, wreckers, load handling systems, Common Bridge Transports and Palletized Load System A1s.
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VSTO | Hot Stocks06:02 EDT CSG purchase price for The Kinetic Group business increased to $2.1B - Vista Outdoor announced that the company entered into an amendment to the merger agreement with the Czechoslovak Group, which increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by $100M to $2.1B. The amendment also increases the cash consideration payable to Vista Outdoor stockholders by $3.00 per share of Vista Outdoor common stock to $21.00 in cash. The Vista Outdoor Board of Directors has been steadfast and singularly focused on maximizing value for Vista Outdoor's stockholders. Vista Outdoor is fully committed to the CSG Transaction and the Board unanimously reaffirms its recommendation that its stockholders vote in favor of the CSG Transaction.
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UXIN | Hot Stocks05:29 EDT Uxin enters partnership with Zhengzhou Airport to establish joint venture - Uxin announced a strategic partnership with Zhengzhou Airport to establish Uxin Intelligent Remanufacturing joint venture. Pursuant to the joint venture agreement, Uxin Industrial Investment, a wholly-owned subsidiary of Uxin, will contribute RMB 120M and Zhengzhou Airport Industry will contribute RMB 50M, representing approximately 70% and 30% of the joint venture's total registered capital, respectively. The joint venture aims to support Uxin's plan to establish a new used car super store in Zhengzhou. This initiative is a key collaboration between Uxin and Zhengzhou Airport Industry to promote the development of the automotive aftermarket industry in the Henan Province and to build a brand in China's used car industry.
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MSI | Hot Stocks05:26 EDT Motorola Solutions to open new Research and Development Centre in Ireland - Motorola Solutions announced it is opening a new Research and Development Centre in Cork, Ireland, expected to generate 200 jobs. The team will be focused on designing software for the company's comprehensive land mobile radio (LMR) portfolio, with plans for expansion across other technologies in the future. The investment is supported by the Irish Government through IDA Ireland.
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PARA PARAA | Hot Stocks05:23 EDT Paramount enters merger agreement with Skydance Media - Skydance Media and Paramount announced that they have entered into a definitive agreement to form "New Paramount", through a two-step transaction including the acquisition of National Amusements, or NAI, which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount Global. The management team of New Paramount, led by David Ellison as chairman and CEO and Jeff Shell as president. Under the terms of the agreement, which has been approved by the Paramount board of directors, acting on the unanimous recommendation of the special committee, and by National Amusements, NAI, majority owner of Paramount's Class A stock, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28B. Existing Skydance investors will receive 317M newly issued Class B shares in New Paramount valuing Skydance at $4.75B based on $15 per Paramount Class B share. Skydance IG, led by the Ellison Family and RedBird Capital Partners, will invest up to $6B to: offer Class A stockholders other than NAI an election to receive in the merger $23 cash per share or 1.5333 shares of Class B stock of New Paramount; offer Class B stockholders other than NAI an election to receive in the merger $15 cash per share or one share of Class B stock of New Paramount, subject to proration if Class B elections exceed $4.3B in the aggregate; use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount to support strategic initiatives. The merger consideration represents a 48% premium to the price of the Class B stock as of July 1 and a 28% premium to the Class A stock on the same date. Also, by continuing to own shares of the new combined company, Paramount Class B stockholders will have the opportunity to participate in the new company's long-term value creation potential. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4B on a cash-free, debt-free basis. Following completion of the transaction, only Skydance IG will hold Class A shares. Following the close of the transaction and the growth equity investment and assuming full participation in the cash election by Class B stockholders, Class B stockholders will own approximately 30% of the outstanding equity of New Paramount and Skydance IG will own approximately 70% of the outstanding equity of New Paramount. When the transaction closes, David Ellison will become chairman and CEO. Jeff Shell, chairman of RedBird Sports & Media and former CEO of NBCUniversal, will be president. NAI, which holds approximately 77% of the Paramount Class A shares, has delivered a written consent approving the transaction. No further stockholder approval is required. The consummation of the transaction is not subject to any financing condition. Completion of this transaction is subject to regulatory approvals and other customary closing conditions. The transaction is anticipated to close in the first half of 2025. The definitive transaction agreement includes a 45-day go-shop period during which the special committee of Paramount's board of directors, with the assistance of its financial advisors, will be permitted to actively solicit and evaluate alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and Paramount does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required.
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PARA PARAA | Hot Stocks05:12 EDT Paramount special committee approves merger with Skydance Media - The special committee of the board of directors of Paramount confirmed that it has unanimously approved a merger agreement between Paramount and Skydance Media. The special committee was formed on January 2 at the request of Paramount's controlling stockholder, National Amusements, or NAI, to evaluate potential transactions involving both NAI and Paramount as NAI considered its options relating to its investment in Paramount. The special committee retained independent financial and legal advisors, Centerview Partners and Cravath, Swaine & Moore respectively. Over a period of more than six months, the special committee considered multiple approaches and constructs from various counterparties and solicited interest from potential counterparties for an acquisition of Paramount. The merger agreement includes a 45-day "go-shop" period, which permits the special committee and its representatives to actively solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and the company does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required.
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