Stockwinners Market Radar for July 24, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA | Hot Stocks20:11 EDT Cathie Wood's ARK Investment buys 33.1K shares of Tesla today
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OKLO | Hot Stocks20:09 EDT Cathie Wood's ARK Investment buys 148K shares of Oklo today
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TXG | Hot Stocks20:09 EDT Cathie Wood's ARK Investment buys 392.5K shares of 10x Genomics today
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SNES | Hot Stocks19:50 EDT SenesTech trading halted, news pending
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EZFL | Hot Stocks19:50 EDT EzFill Holdings Inc trading halted, news pending
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EVGN | Hot Stocks19:50 EDT Evogene trading halted, news pending
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BITF RIOT | Hot Stocks19:28 EDT Riot says Ontario Capital Markets Tribunal terminates Bitfarm poison pill - Riot Platforms (RIOT) "announced that it was successful in its application to the Ontario Capital Markets Tribunal to cease trade the June 10, 2024 shareholder rights plan implemented by the Board of Directors of Bitfarms Ltd. (BITF). The cease trade order terminates Bitfarms' Poison Pill - which contemplated a 15% trigger - effective immediately." Jason Les, Riot CEO, says: "This ruling from the Tribunal in favor of Riot's application is a win for all Bitfarms shareholders. The adoption of the off-market Poison Pill is yet another example of the broken corporate governance that plagues Bitfarms and of the ongoing attempts by the Bitfarms directors to entrench themselves. We appreciate that the Tribunal acted quickly and decisively to remove the Poison Pill. We continue to believe that our three director nominees - John Delaney, Amy Freedman and Ralph Goehring - must be elected to the Bitfarms Board at the 2024 Special Meeting of Shareholders scheduled for October 29, 2024 in order to repair Bitfarms' poor corporate governance. These Nominees are fully independent of Riot and Bitfarms, are highly qualified and will bring much-needed fresh perspectives into the boardroom. We look forward to communicating further with shareholders in the coming weeks and months."
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TMO | Hot Stocks18:39 EDT Thermo Fisher CEO: We improved growth in all four end markets in Q2 - In an interview on CNBC's Mad Money, Marc Casper said Thermo Fisher has been able to grow about three points faster than the market in good times and bad. The economic environment in China is still challenging, but there was strong demand for the instruments business, he noted. The company was able to deliver about 5% growth in China, according to Casper.
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MRAM QUIK | Hot Stocks18:15 EDT Everspin announces new strategic contract with QuickLogic - Everspin Technologies (MRAM) announced a new strategic contract with QuickLogic Corporation (QUIK). "Everspin is pleased to continue its collaboration with its partners QuickLogic and Honeywell to integrate MRAM directly into the FPGA product to support the DoD," said Sanjeev Aggarwal, President Technologies and CEO of Everspin Technologies. "This project builds upon over 12 years of Everspin's experience in delivering MRAM IP for strategic radiation hardened and space applications." Under the contract, Everspin will provide its innovative AgILYST MRAM technology, logic design, and back end of line manufacturing services to advance the development and demonstration of a Strategic Radiation Hardened high-reliability Field Programmable Gate Array technology. This initiative supports both current and future Department of Defense strategic and space system requirements. The contract with Everspin Technologies is valued at approximately $1.8M.
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F | Hot Stocks18:08 EDT Ford says many warranty issues could have been caught at product launch - Says quality issues are improving which should lead to lower warranty issues over time, but expects a lag of 12-18 months. Says warranty issues coming from older vehicles. Says true fitness test for EVs will be on small vehicles. Says ambition level for partnerships on EVs is very high.
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F | Hot Stocks17:28 EDT Ford says 'absolutely' a different company compared to three years ago - Says pace of change is intensifying. Says getting more "resourceful and scrappy" in terms of turning the company around. Sees 2H24 similar to 1H24. Says smaller EVs are the right choice for high volume production. Says CO2 credits likely needed to meet regulations. Says targeting $1B in revenue from software sales in 2025. Comments taken from Q2 earnings conference call.
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CMG | Hot Stocks17:26 EDT Chipotle says Q3 cost of sales just below 31% - CFO Jack Hartung says: "For Q3, we expect our cost of sales to be just below 31%, but one-third of the step-up there due to the higher protein costs as we roll up tick in our past or and then month. Smoked brisket later in the quarter by one-third is due to an uptick and dairy and avocado prices. And the final third or about 40 to 60 basis points is an investment we're making as we focus on out higher restaurant to ensure correct and generous portions. We expect this investment will ease from these levels somewhat, and we also believe that we can offset the remaining investment with efficiencies and innovation over time. While avocado prices are higher than the very favorable levels we have seen over the past several quarters. This is in line with our expectations from earlier this year. Additionally, we are less impacted by the recent volatility in the Mexican avocado market as our supply chain team has done a fantastic job of diversifying our exposure. And in the third quarter, the majority of our avocados come from growth outside of avocados and a protein mix shift. We anticipate underlying cost of sales inflation will be in a low single digits range for the remainder of the year." Comments taken from Q2 earnings conference call.
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SLB CHX | Hot Stocks17:05 EDT SLB expects to close acquisition of ChampionX in 4Q24 or 1Q25
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NOW | Hot Stocks16:55 EDT ServiceNow up 6% at $772 after Q2 earnings beat, subscription revenue view raise
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NOW | Hot Stocks16:53 EDT ServiceNow raises FY24 subscription revenue view to $10.575B-$10.585B - Prior guidance was $10.56B - $10.575B.
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KALU | Hot Stocks16:53 EDT Kaiser Aluminum sees adjusted EBITDA margin improvement in FY24 - The company said, "The Company expects demand across its end markets in 2024 to remain relatively consistent with 2023 with the potential for a modest upside. In aerospace/high strength applications, the Company remains cautious on its near-term outlook for the commercial aerospace market due to lower than expected 2024 build rates resulting in reduced anticipated shipments and conversion revenue year-over-year. In the packaging market, shipments are expected to improve from current levels, which were negatively impacted due to various outages during the first half of 2024. In the general engineering and automotive extrusions markets, typical seasonality and summer shutdowns, respectively, in the second half of the year are expected to result in a slight headwind to shipments. Accordingly, for the full year 2024, the Company expects conversion revenue to be flat to up 1% and adjusted EBITDA margins to improve 50 to 100 basis points over 2023 as it implements cost reduction measures in its operations, increases manufacturing efficiencies and executes its strategic growth initiatives."
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HFBL | Hot Stocks16:48 EDT Home Federal Bancorp raises quarterly dividend to 13c per share from 12.5c - The dividend is payable on August 19, 2024, to the shareholders of record at the close of business on August 5, 2024.
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WM | Hot Stocks16:43 EDT WM down 5% at $206.50 after Q2 earnings miss
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ALRS | Hot Stocks16:42 EDT Alerus Financial reports Q2 net interest margin 2.39% vs. 2.30% in Q1 - The company states: "Net interest margin was 2.39% in the second quarter of 2024, compared to 2.30% in the first quarter of 2024. Adjusted net interest margin increased 13 basis points from 2.44% in the first quarter of 2024 to 2.57% in the second quarter of 2024. Net interest income was $24.0 million in the second quarter of 2024, an increase of 8.0% from $22.2 million in the first quarter of 2024. Total assets under administration/management at June 30, 2024 were $43.6 billion, a 1.9% increase from March 31, 2024."
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HP | Hot Stocks16:38 EDT Helmerich & Payne sees Q4 North America Solutions direct margins $260M-$280M - Sees Q4 International Solutions direct margins ($2M)-$2M. Sees Q4 Offshore Gulf of Mexico direct margins $6M-$8M. Affirms FY24 gross CapEx view of roughly $500M.
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KKR | Hot Stocks16:34 EDT KKR acquires Marmic Fire & Safety; terms not stated - KKR "announced that investment funds managed by KKR have acquired Marmic Fire & Safety, a leading provider of regulation-mandated fire equipment inspection, testing and maintenance services, from HGGC. Financial terms were not disclosed. Marmic specializes in the inspection, testing, and maintenance of fire protection equipment for more than 56,000 customers across the commercial, industrial, multi-family, education, government, and healthcare end markets in the U.S. Since its founding in 1951, Marmic has provided services that are critical to keeping its customers safe and helping them adhere to local and national fire codes and regulations."
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NOW | Hot Stocks16:32 EDT ServiceNow Chief Operating Officer Desai to resign - In a regulatory filing, ServiceNow stated that on July 24, the company and its President and Chief Operating Officer, Chirantan "CJ" Desai, came to a mutual agreement that Mr. Desai would resign from all positions with the company, effective immediately. "As previously referenced in the Company's Form 10-Q for the quarter ended March 31, 2024, through its internal processes, the Company received a complaint that raised potential compliance issues related to one of its government contracts. The Company initiated an internal investigation, with the assistance of outside legal counsel, into the validity of these claims that concern the hiring of the Chief Information Officer of the U.S. Army as the Company's Head of Global Public Sector in March 2023. As a result of the investigation, the Company's Board of Directors determined that Mr. Desai and the hired individual violated Company policy regarding a possible conflict relating to such individual's hiring. Mr. Desai has fully cooperated with the investigation and maintains that he did not intentionally violate Company policy. The other individual also has departed the Company. The Company has informed the Department of Justice, the Department of Defense Office of Inspector General and the Army Suspension and Debarment Office of the investigation and is continuing to cooperate with the Department of Justice, which has commenced its own investigation into these matters. The Company cannot predict the timing, outcome or possible impact of the investigation," the filing stated. Reference Link
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CHDN | Hot Stocks16:32 EDT Churchill Downs announces $80M-$90M renovation to racetrack grandstand - Churchill Downs announced an $80M-$90M renovation to the existing grandstand at Churchill Downs Racetrack that will update ticketed seating options while improving and adding to the amenities available for all guests in the grandstand area. Construction on the Grandstand Club and Pavilion is scheduled to begin in August with completion planned in time for the 151st Kentucky Derby in May 2025. The renovation of the Grandstand Club will transform existing outdoor aluminum bleachers into a combination of 8,300 new seating varieties. Updated seating options will include covered and uncovered stadium-style seats as well as rail boxes along the dirt track's outer rail that will offer a "trackside" seating experience. First-floor amenities for the Grandstand Club will include new and upgraded permanent concessions, bars and wagering windows. The project will also improve and add amenities for 2,800 guests in the existing third floor box seats under the Starting Gate Suites. The Grandstand Pavilion will create a more upscale social environment by converting the existing second-floor amenity area into a covered outdoor garden environment with new concessions, bars and wagering windows. Expansion to the second floor will create additional space for overall guest circulation and add an outdoor balcony for added dining seats. A new stately entrance to the Grandstand Pavilion will unify the surrounding exterior architecture.
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AMZN... | Hot Stocks16:29 EDT NBA enters into long-term arrangement with Amazon - The NBA said in a statement that Warner Bros. Discovery's (WBD) most recent proposal did not match the terms of Amazon Prime Video's (AMZN) offer and, therefore, the NBA has entered into a long-term arrangement with Amazon. The new arrangement with Amazon supports its goals by complementing the broadcast, cable, and streaming packages that are already part of its new Disney (DIS) and NBCUniversal (CMCSA) arrangements. All three partners have also have committed substantial resources to promote the league and enhance the fan experience, the NBA said. Reference Link
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PYPL HPQ | Hot Stocks16:28 EDT PayPal appoints Enrique Lores as new Independent Board Chair - PayPal Holdings (PYPL) announced that Enrique Lores has been appointed the new Independent Chair of its Board of Directors. He succeeds John Donahoe, who is retiring from the PayPal Board after serving as Board Chair since 2015. Lores, President and CEO of HP Inc. (HPQ), has served on the Board since June 2021.
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PAG | Hot Stocks16:27 EDT Penske Automotive raises quarterly dividend 11% to $1.07 per share - Penske Automotive Group announced that its Board of Directors has approved a quarterly dividend of $1.07 per share, representing an 11% or 11c per share increase. This represents the third increase to the company's dividend in 2024 and the 15th consecutive quarterly increase. The dividend is payable September 4 to shareholders of record as of August 15.
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AMZN WBD | Hot Stocks16:26 EDT NBA enters into long-term arrangement with Amazon
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AIR | Hot Stocks16:25 EDT AAR Corp. and Ontic sign multiple long-term distribution agreements - AAR Corp. has signed multiple long-term distribution agreements with Ontic that expand the companies' existing defense and commercial partnerships. Under the first defense agreement, AAR will expand its support for U.S. government customers to include a specific list of T55 engine components applicable to the CH-47 helicopter. Under a second agreement, AAR will add part numbers for various platforms to increase its Ontic offerings for direct sales to the U.S. government by more than 33%. Under a third agreement, AAR will expand on a current contract with Ontic to begin distributing a thrust vector actuation systems motor manufactured by Ontic. Additionally, AAR and Ontic signed a long-term global exclusive commercial agreement for a specified list of parts for multi-channel satellite communication systems utilized on various platforms.
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BMRN | Hot Stocks16:25 EDT BioMarin announces FDA approval of sBLA for BRINEURA - BioMarin Pharmaceutical announced that the U.S. FDA has approved the company's supplemental Biologics License Application for BRINEURA to slow the loss of ambulation in children of all ages with neuronal ceroid lipofuscinosis type 2, also known as tripeptidyl peptidase 1 deficiency. Previously, BRINEURA was indicated in symptomatic children 3 years of age and older with late infantile CLN2 disease. This expanded indication now includes children of all ages with CLN2 disease, regardless of whether they are symptomatic or presymptomatic.
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EW | Hot Stocks16:23 EDT Edwards to acquire JenaValve, Endotronix - Edwards has entered into an agreement to acquire JenaValve Technology, a pioneer in the transcatheter treatment of aortic regurgitation (AR), a deadly disease that impacts a significant and growing population and is largely untreated today. JenaValve presented positive results of its U.S. pivotal trial for the treatment of symptomatic, severe AR in high-risk patients late last year. As the pioneer in valve innovation for more than 60 years, Edwards believes it is uniquely positioned to lead this next frontier of aortic valve disease treatment. Edwards anticipates FDA approval of the JenaValve Trilogy Heart Valve System in late 2025, which will represent the first approved therapy for patients suffering from AR. Building on an investment made in 2016, Edwards has exercised its option to acquire Endotronix, a leader in heart failure (HF) management solutions. Many structural heart patients Edwards serves today also suffer from HF with limited options. This acquisition will expand Edwards' structural heart portfolio into a new therapeutic area to address the large unmet needs of patients suffering from HF. Last month, Endotronix received FDA approval for Cordella, an implantable pulmonary artery pressure sensor allowing early, targeted therapeutic intervention. A CMS national coverage determination is expected in early 2025. "These acquisitions expand our opportunities to address the unmet needs of aortic regurgitation and heart failure patients around the world," said Bernard Zovighian, Edwards' CEO. "We are pleased to enter these structural heart therapeutic areas with innovation, world-class science and clinical evidence to provide access to life-saving technologies for patients around the world." Edwards anticipates these investments will strengthen its leadership in structural heart innovation and represent long-term growth opportunities. Edwards expects minimal revenue contribution from these acquisitions in 2025. The aggregate upfront purchase price for these strategic investments is approximately $1.2 billion. The acquisitions are subject to the satisfaction of certain closing conditions, including the receipt of required antitrust and foreign investment approvals.
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PI | Hot Stocks16:22 EDT Impinj expands leadership team - Impinj announced executive promotions and an expanded executive leadership team that position the company for continued growth. Gahan Richardson was promoted to executive vice president, focused on executing Impinj's strategy to win the RAIN RFID market opportunity. Richardson will join the executive leadership team and oversee the company's product roadmap and market and ecosystem development. Impinj also added Alberto Pesavento, chief technology officer and a 23-year Impinj veteran, to the executive leadership team and promoted Christina Balam, already a member of the executive team, to senior vice president of human resources.
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NOW | Hot Stocks16:21 EDT ServiceNow, Boomi to partner on AI-powered self-service solutions - The company states: "ServiceNow and Boomi, a leader in intelligent integration and automation, announced a strategic commitment to jointly elevate customer experiences through AI-powered self-service with solutions including ServiceNow Technology Provider Service Management. In addition, as a key customer of ServiceNow, Boomi will use ServiceNow App Engine to deliver streamlined customer support and improved self-service. ServiceNow will also integrate Boomi's next-generation and industry-leading Application Programming Interface Management capabilities with Automation Engine for complete visibility across a user's API landscape and enhanced governance. Boomi's use of the Now Platform and ServiceNow's AI-powered TPSM offering will transform its customer support and expand self-service. Through ServiceNow's unified platform, Boomi will eliminate silos and simplify internal processes to drive better, faster, and more efficient collaboration while helping reduce manual work through intelligent automation. Boomi will also use ServiceNow's App Engine to build workflows into its Master Data Hub, its cloud-native data management platform, for a simplified, more intuitive user experience."
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BAC | Hot Stocks16:20 EDT Bank of America raises dividend 8%, announces $25B share repurchase plan - Bank of America announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of 26c per share, up 2c from the prior quarter. The dividend is payable on September 27 shareholders of record as of September 6. The Board also authorized a new $25B common stock repurchase program, effective August 1, 2024, to replace the company's current program, which will expire on that date. As of June 30, 2024, the current program had approximately $6.7 billion in common stock repurchases remaining. Today's authorization will continue to provide additional capital return flexibility going forward, in line with the company's commitment to return to shareholders excess capital that is not needed to support economic growth, deliver for customers and communities, invest in the future and sustain strength and stability through the economic cycle.
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JOE | Hot Stocks16:18 EDT Saint Joe Co. raises quarterly dividend by 17% to 14c per share - The dividend is payable on September 6, 2024, to shareholders of record as of the close of business on August 9, 2024.
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IBM | Hot Stocks16:16 EDT IBM up 5% after Q2 earnings beat - Shares of IBM are up $8.48, or 5%, to $192.50 in after-hours trading.
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BAC | Hot Stocks16:16 EDT Bank of America raises dividend 8%, announces $25B share repurchase plan
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NOW | Hot Stocks16:14 EDT ServiceNow sees Q3 subscription revenue up 20.5% at $2.66B-$2.665B
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NOW | Hot Stocks16:14 EDT ServiceNow issues leader ship update - The company states: "As previously referenced in the Company's Form 10-Q for the quarter ended March 31, 2024, the Company received an internal complaint that raised a potential concern related to one of its employees. The Company initiated an internal investigation, with assistance of outside legal counsel, into the validity of these claims. The Company also promptly informed and is continuing to cooperate with government entities. As a result of the investigation, the Company's Board of Directors determined Company policy was violated regarding the hiring of the former Chief Information Officer of the U.S. Army. As such, the hired individual, who led the company's public sector thought leadership and business development efforts since March 2023, departed the company. In addition, the Company and CJ Desai, President and Chief Operating Officer, came to a mutual agreement that Desai would resign from all positions with the Company effective immediately. The company believes this was an isolated incident. The Company has appointed ServiceNow veteran Chris Bedi, as interim Chief Product Officer, effective immediately. Bedi has been at ServiceNow for nearly a decade with roles including Chief Digital Information Officer and Chief Customer Officer."
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RSG | Hot Stocks16:13 EDT Republic Services increases quarterly dividend 4.5% to 58c per share - Republic Services approved a 4.5% increase in the quarterly dividend. The quarterly dividend of 58c per share for shareholders of record on October 2, will be paid on October 15.
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NOW | Hot Stocks16:13 EDT ServiceNow reports Q2 cRPO of $8.78B, up 22% y/y - The company states: "Current remaining performance obligations of $8.78 billion as of Q2 2024, representing 22% year-over-year growth, 22.5% in constant currency. Remaining performance obligations of $18.6 billion as of Q2 2024, representing 31% year-over-year growth, 31.5% in constant currency. 88 transactions over $1 million in net new ACV in Q2 2024, up 26% year-over-year."
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CMG | Hot Stocks16:11 EDT Chipotle sees FY24 comparable restaurant sales growth mid to high single digits - For 2024, management is anticipating the following: Full year comparable restaurant sales growth in the mid to high-single digit range; 285 to 315 new restaurant openings with over 80% having a Chipotlane; An estimated underlying effective full year tax rate between 25% and 27% before discrete items.
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NRGV | Hot Stocks16:10 EDT Energy Vault announces supply of B-Vault Energy Storage System at St. Gall - The company states: Energy Vault Holdings announced the successful deployment of its proprietary B-Vault AC block and VaultOS(TM) Energy Management System supporting Jupiter Power's St. Gall Battery Energy Storage System. Located near Fort Stockton, Texas, the 100 MW/200 MWh BESS is providing energy and ancillary services to the Electric Reliability Council of Texas and has commenced full-scale commercial operations. Energy Vault served as the engineering, procurement, construction and commissioning (EPC) contractor and system integrator for the project and will deliver the second BESS deployment. Both BESS systems are built with Energy Vault's proprietary X-Vault integration platform using Energy Vault's proprietary UL9540 certified B-VAULT product, and Vault-OS Energy Management System to control, manage and optimize the BESS operations. Energy Vault's innovative system architecture provides customer optionality with both battery and inverter suppliers, while unique AC-coupled and DC-coupled configurations provide the drop-in flexibility needed for any project."
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F | Hot Stocks16:10 EDT Ford on course for 'solid' FY24 operating performance
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F | Hot Stocks16:09 EDT Ford backs expectations for FY24 adjusted EBIT of $10B-$12B - Raises FY24 adjusted free cash flow outlook by $1B, to between $7.5B-$8.5B. Capital expenditures for the year are still anticipated to be between $8B-$9B, with an enterprise-wide objective for the lower end of the range. Outlooks for full-year EBIT are up for Ford Pro, to $9B-$10B, on further growth and favorable product mix, and down for Ford Blue, to $6B-$6.5B, reflecting higher warranty costs than originally planned. An anticipated full-year loss of $5B-$5.5B for Ford Model e is unchanged, with continued pricing pressure and investments in next-generation electric vehicles. Earnings before taxes from Ford Credit are expected to be about $1.5B, which would be a double-digit percentage increase from 2023.
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KMPR | Hot Stocks16:08 EDT Kemper reports Q2 preliminary adjusted net income of $85M-$95M
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BLND | Hot Stocks16:07 EDT Blend Labs enters into partnership with Palmetto Citizens - The company states: "Blend, a leading provider of digital banking solutions, announced a new partnership with Palmetto Citizens, one of South Carolina's largest credit unions with assets of over $1.3 billion, to streamline their mortgage and home equity experiences. Palmetto Citizens chose Blend for their ability to deliver simple, intuitive mortgage solutions that improve member experience and supercharge loan officer productivity. With Blend's technology, all documents can be delivered and signed digitally, enabling instant receipt by third parties, faster funding, and reducing the likelihood of errors."
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KRMD | Hot Stocks16:06 EDT Koru Medical names Christopher Pazdan as new COO - KORU Medical announced the promotion of Christopher Pazdan, to Chief Operating Officer, effective July 18, 2024. Mr. Pazdan has been with the organization since 2021, and last served as the Company's Senior Vice President of Operations overseeing Quality, Regulatory, Operations, Supply Chain and Project Management. In his role as COO, Chris will also oversee the Research and Development organization and be responsible for the Company's product development pipeline and innovation efforts.
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NFYS | Hot Stocks16:05 EDT Enphys Acquisition Corp trading halted, news pending
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KNX | Hot Stocks16:05 EDT Knight-Swift reports Q2 Truckload operating ratio 97.2% vs. 91.8% last year - Reports Q2 Less-Than-Truckload operating ratio 85.9% vs. 85.1% last year
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HYZN | Hot Stocks16:02 EDT Hyzon Motors granted second extension to regain Nasdaq compliance - Hyzon announced it has received approval from the listing qualifications staff of the Nasdaq Stock Market to transfer its listing to the Nasdaq Capital Market from the Global Select Market. The Staff further indicated the Company is eligible for a second 180 calendar day extension to regain compliance with Nasdaq's continued listing requirement related to a $1.00 minimum bid price. The Company now has until January 21, 2025, to regain compliance with the Bid Price Rule. In connection with this listing transfer and second 180 calendar day extension, the Company provided Nasdaq with its written intention to cure the bid price deficiency during this second compliance period, by effecting a reverse stock split, if necessary. The Company's Class A common stock and warrants will be transferred to the Nasdaq Capital Market and begin trading at the opening of business on July 25, 2024.
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META | Hot Stocks16:01 EDT Meta removes 63,000 Instagram accounts in Nigeria over 'sextortion' scams - Meta said in a blog post that it has removed around 63,000 Instagram accounts in Nigeria attempting to target people with financial sextortion scams, including a coordinated network of around 2,500 accounts. It said it has also removed a set of Facebook accounts, Pages and Groups "run by Yahoo Boys - banned under our Dangerous Organizations and Individuals policy - that were attempting to organize, recruit and train new scammers." Meta noted that "While our investigation showed that the majority of these scammers' attempts were unsuccessful and mostly targeted adults, we did see some also attempt to target minors, and we've reported those accounts to the National Center for Missing and Exploited Children." Finally, the company said that it removed around 7,200 assets, including 1,300 Facebook accounts, 200 Facebook Pages and 5,700 Facebook Groups, also based in Nigeria, that were providing tips for conducting scams. Reference Link
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STWD | Hot Stocks15:20 EDT Starwood Property expects fixed charge coverage ratio to increase this quarter - Starwood Property Trust announced that the company's board of directors has declared a dividend of 48c per share of common stock for the quarters ending September 30 and December 31. The third quarter dividend is payable on October 15 to stockholders of record as of September 30 and the fourth quarter dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024. "We created a differentiated multi-cylinder company and have maintained a low leverage balance sheet in order to enable us to outperform in times of volatility. We expect to maintain our dividend for the foreseeable future assuming macro and market conditions don't materially change. As a result, our Board has declared our third and fourth quarter dividends of 48c per quarter, in-line with our current dividend. Beyond our current earnings power, we have the ability to monetize the over $4.00 per share of distributable earnings gains we have created in our owned property if we should choose to," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "With $4.5B of unencumbered assets, our balance sheet and our access to liquidity remain strong. We expect our fixed charge coverage ratio to increase again this quarter, giving us capacity to issue over $2.0B of incremental debt today, if we elect to do so, without asking to amend our covenants. We look forward to discussing our second quarter results with you on our August 6th earnings call," added Jeffrey DiModica, President of Starwood Property Trust.
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BNS | Hot Stocks15:16 EDT Scotiabank cuts prime lending rate to 6.7% from 6.95% - Scotiabank announced that it is decreasing its Canadian dollar prime lending rate to 6.7% from 6.95%, effective July 25, 2024.
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JBLU | Hot Stocks15:10 EDT JetBlue to add 20% more seats in New England this winter - JetBlue announced several strategic changes to invest and grow across New England, adding 20% more seats in the region by this winter. "The added service and new routes are aimed at connecting more New Englanders to the premium leisure destinations they want to go to. The airline will add more flying at Boston Logan International Airport (BOS) and other New England airports as well as launch service for the first time from Manchester-Boston Regional Airport (MHT) in Manchester, New Hampshire. JetBlue proudly leads the way in both Boston and New England, boasting the most mainline service from Boston, approximately 30% more mainline seats than the next largest carrier; the most nonstop destinations of any carrier out of Boston; the most flights from Boston and New England to California, Florida and the Caribbean. Now, this network expansion in the region will provide even more flexibility and convenience for New England customers as JetBlue sets out to continue to deliver sought-after vacation hot spots," the company stated.
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AAPL | Hot Stocks15:03 EDT Apple Maps on the web launches in beta - Apple Maps on the web is available in public beta, allowing users around the world to access Maps directly from their browser. "Now, users can get driving and walking directions; find great places and useful information including photos, hours, ratings, and reviews; take actions like ordering food directly from the Maps place card; and browse curated Guides to discover places to eat, shop, and explore in cities around the world. Additional features, including Look Around, will be available in the coming months. All developers, including those using MapKit JS, can also link out to Maps on the web, so their users can get driving directions, see detailed place information, and more. Maps on the web is currently available in English, and is compatible with Safari and Chrome on Mac and iPad, as well as Chrome and Edge on Windows PCs. Support for additional languages, browsers, and platforms will be expanded over time," the company stated. Reference Link
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DAL CRWD | Hot Stocks15:02 EDT Delta says 'significant reductions in cancellations,' normal day on Thursday - Delta Air Lines said in a post that, "Delta teams across our global network continue to restore operational reliability with significant reductions in cancellations and delays on Tuesday and even fewer to start morning operations on Wednesday. Delta's crews and airports are fully staffed and ready to serve our customers, and as of noon E.T. on Wednesday, the airline had canceled 50 flights. Displaced baggage counts are trending downward significantly as major initiatives at all Delta hubs are underway to reunite customers with bags, by ground delivery or via operating flights." CEO Ed Bastian shared an update to customers on Wednesday morning, sharing in part, "While our initial efforts to stabilize the operations were difficult and frustratingly slow and complex, we have made good progress this week and the worst impacts of the Crowdstrike-caused outage are clearly behind us. Delays and cancellations were down 50% Tuesday compared to Monday, and we anticipate cancellations Wednesday to be minimal. Thursday is expected to be a normal day, with the airline fully recovered and operating at a traditional level of reliability."Reference Link
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PGR | Hot Stocks14:41 EDT Progressive CFO Sauerland sells 22,708 common shares - In a regulatory filing, Progressive CFO John Sauerland disclosed the sale of 22,708 common shares of the company on July 22 at a price of $214.01 per share.
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PGR | Hot Stocks14:20 EDT Progressive CIO Broz sells 3,050 common shares - In a regulatory filing, Progressive CIO Steven Broz disclosed the sale of 3,050 common shares of the company on July 22 at a price of $214.01 per share.
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MSFT | Hot Stocks14:05 EDT Microsoft introduces new generative search experience on Bing - Microsoft said in a blog post, "After introducing LLM-powered chat answers on Bing in February of last year, we've been hard at work on the ongoing revolution of search. Bing continues to be trusted by hundreds of millions of users to find information, get answers to questions, and explore their curiosity. Today, we're excited to share an early view of our new generative search experience which is currently shipping to a small percentage of user queries. By combining the power of generative AI and large language models (LLMs) with the search results page, Bing's generative search creates a bespoke and dynamic response to a user's query...This is another important step in evolving the search experience on Bing and we're eager to get feedback throughout this journey. We are slowly rolling this out and will take our time, garner feedback, test and learn, and work to create a great experience before making this more broadly available." Reference Link
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BHC | Hot Stocks13:15 EDT Bausch Health off lows after denying bankruptcy rumors, remains down 17% - Shares of Bausch Health are off earlier lows following the stock resuming trading, though remain down $1.28, or 17%, at $6.30. Following a halt for news, Bausch Health said it was aware of a news article issued by Reorg today, citing unnamed sources. The company said in a statement: "The article contains unsubstantiated rumors, including that the Company is considering a bankruptcy or insolvency proceeding of any kind - it is not."
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BHC | Hot Stocks13:10 EDT Bausch Health trading resumes
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CALM | Hot Stocks13:06 EDT Cal-Maine quarterly dividend falls to 77c from $1.00 per share - Cal-Maine Foods last night declared a cash dividend of 77c per share for Q4, below the $1.00 dividend issued in Q3. The dividend is payable on August 20, to holders of record on August 5. The company said, "Pursuant to Cal-Maine Foods' variable dividend policy, for each quarter in which the Company reports net income, the Company pays a cash dividend to shareholders in an amount equal to one-third of such quarterly income. Following a quarter for which the Company does not report net income, the Company will not pay a dividend with respect to that quarter or for a subsequent profitable quarter until the Company is profitable on a cumulative basis omputed from the date of the most recent quarter for which a dividend was paid." Shares of Cal-Maine Foods are up 5% to $68.19 in afternoon trading following the earnings report.
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CNI... | Hot Stocks13:06 EDT North American rail traffic down 0.1% for the week ending July 20 - The Association of American Railroads or AAR reported U.S. rail traffic for the week ending July 20. For this week, total U.S. weekly rail traffic was 480,083 carloads and intermodal units, up 1.4% compared with the same week last year. Total carloads for the week ending July 20 were 214,348 carloads, down 3.4% compared with the same week in 2023, while U.S. weekly intermodal volume was 265,735 containers and trailers, up 5.8% compared to 2023. Five of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 2,387 carloads, to 17,300; petroleum and petroleum products, up 1,591 carloads, to 10,745; and farm products excl. grain, and food, up 1,413 carloads, to 16,880. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 6,278 carloads, to 57,906; nonmetallic minerals, down 3,825 carloads, to 30,758; and motor vehicles and parts, down 2,175 carloads, to 12,466...North American rail volume for the week ending July 20 , on 10 reporting U.S., Canadian and Mexican railroads totaled 317,607 carloads, down 4.1% compared with the same week last year, and 346,231 intermodal units, up 3.9% compared with last year. Total combined weekly rail traffic in North America was 663,838 carloads and intermodal units, down 0.1%. North American rail volume for the first 29 weeks of 2024 was 19,112,113 carloads and intermodal units, up 2.3% compared with 2023. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC), Union Pacific (UNP) Rail Vision (RVSN), Wabtec (WAB), Trinity Industries (TRN), FreightCar America (RAIL) and Greenbrier (GBX). Reference Link
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BHC | Hot Stocks12:54 EDT Bausch Health says not considering bankruptcy or insolvency proceeding - Bausch Health Companies said it has become aware of a news article issued by Reorg today, citing unnamed sources. The company said in a statement: "The article contains unsubstantiated rumors, including that the Company is considering a bankruptcy or insolvency proceeding of any kind - it is not. We understand that Reorg has subsequently issued an update to its original news article to clarify that the Company has not been involved in discussions with its creditors regarding bankruptcy proceedings. The Company's policy is not to provide further comment on speculation."
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FEBO | Hot Stocks12:39 EDT Fenbo Holdings Ltd trading resumes
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FEBO | Hot Stocks12:34 EDT Fenbo Holdings Ltd trading halted, volatility trading pause
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BHC | Hot Stocks12:21 EDT Bausch Health trading halted, news pending
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SFL | Hot Stocks12:01 EDT SFL Corporation falls -13.9% - SFL Corporation is down -13.9%, or -$1.94 to $12.01.
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LW | Hot Stocks12:01 EDT Lamb Weston falls -26.2% - Lamb Weston is down -26.2%, or -$20.61 to $58.02.
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BHC | Hot Stocks12:01 EDT Bausch Health falls -39.9% - Bausch Health is down -39.9%, or -$3.02 to $4.55.
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GPI | Hot Stocks12:01 EDT Group 1 Automotive rises 8.9% - Group 1 Automotive is up 8.9%, or $27.02 to $331.78.
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SOPH | Hot Stocks12:00 EDT Sophia Genetics announces expanded relationship with OncoHelix - SOPHiA GENETICS announced that OncoHelix will implement MSK-ACCESS powered with SOPHiA DDM. The organization, which currently uses the SOPHiA DDM Platform for myeloid testing, will use the new liquid biopsy solution to advance its oncology testing capabilities. OncoHelix will be live on MSK-ACCESS powered with SOPHiA DDM later this summer.
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NBR | Hot Stocks12:00 EDT Nabors Industries rises 9.4% - Nabors Industries is up 9.4%, or $7.65 to $88.65.
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PRG | Hot Stocks12:00 EDT Prog Holdings rises 20.0% - Prog Holdings is up 20.0%, or $6.94 to $41.57.
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CJET | Hot Stocks11:53 EDT Chijet Motor Co Inc trading resumes
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CJET | Hot Stocks11:48 EDT Chijet Motor Co Inc trading halted, volatility trading pause
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PPRUY | Hot Stocks11:47 EDT Kering: 2H24 recurring operating income could be down 30% vs. 2H23
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GSK | Hot Stocks11:36 EDT Health Canada grants full approval to GSK's Jemperli as monotherapy - GSK announced that Health Canada granted full approval for Jemperli as a monotherapy for the treatment of adult patients with dMMR/MSI-H recurrent or advanced endometrial cancer that has progressed on or following prior treatment with a platinum containing regimen. "We remain committed to exploring the full potential of Jemperli as the foundation of our immuno-oncology portfolio, aiming to meet the needs of patients in various stages of endometrial cancer and other types of solid tumours," said Marni Freeman, Country Medical Director at GSK Canada. "This approval in Canada reaffirms our belief in the value of Jemperli as a treatment choice for patients who are living with dMMR/MSI-H recurrent or advanced endometrial cancer." This approval is based on additional data collected from the A1 expansion cohort of the ongoing GARNET trial, a phase I, multicentre, open-label, single-arm study of Jemperli monotherapy in patients with advanced or recurrent solid tumours. Confirmed objective response rate was 45.5%, and the median duration of response was not reached, with a median follow-up for duration of response of 27.6 months.
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HOMB | Hot Stocks11:32 EDT Home BancShares raises quarterly cash dividend 1.5c to 19.5c per share - Home BancShares, parent company of Centennial Bank, announced that its board of directors has declared a regular 19.5c per share quarterly cash dividend payable September 4 to shareholders of record August 14. This cash dividend represents a 1.5c per share, or 8.3%, increase over the 18c cash dividend paid during the second quarter of 2024.
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NGD | Hot Stocks11:25 EDT New Gold reports fatality at the Rainy River Mine - New Gold deeply regrets that early this morning, July 24th, 2024, an employee operating a piece of equipment in the open pit was fatally injured at the Rainy River Mine in northwestern Ontario. The health, safety and wellbeing of our employees is our top priority. The Company is working closely with local authorities and an investigation is underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident. The Company will provide additional information as appropriate.
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DIS | Hot Stocks11:19 EDT Disneyland workers union committee reaches tentative contract agreement - In a series of Wednesday tweets, union coalition Disney Workers Rising Bargaining Committee said, "Breaking Alert: Tentative Agreement Reached on our Disney Contracts. We have fought hard for the past four months and this tentative agreement would not have been possible without the strength we showed this past week with our rally and Unfair Labor Practice vote. We achieved our goals - a 3-year contract that contains significant wage increases for all cast members, seniority increases and additional premiums as well as the retention of premiums. We also addressed issues that will make the attendance policy work better for cast members. With personal actions like wearing our union button and signing a petition to massive 1,000-person rallies and worldwide news coverage, we have shown Disney that we are the true magic makers of the park. We stood up to the company's unfair labor practices and showed them that we were willing to do whatever it took to get the contract we deserved. Our solidarity and victory today sends a message to workers everywhere - when we fight, we win." Reference Link
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MSFT LUMN | Hot Stocks11:07 EDT Microsoft, Lumen announce strategic partnership around AI - Lumen Technologies (LUMN) and Microsoft (MSFT) earlier announced a new strategic partnership that will use the Microsoft Cloud to "further drive Lumen's digital transformation." In addition, Microsoft has chosen Lumen to expand its network capacity and capability to meet the growing demand on its datacenters due to AI, the companies stated. This collaboration expands upon the longstanding relationship between Lumen Technologies and Microsoft. The companies have worked together for several years, with Lumen leveraging Copilot to automate routine tasks and reduce employee workloads and enhance Microsoft Teams, they noted. "We are preparing for a future where AI is the driving force of innovation and growth, and where a powerful network infrastructure is essential for companies to thrive. Microsoft has an ambitious vision for AI and this level of innovation requires a network that can make it reality. Lumen's expansive network meets this challenge, with unique routes, unmatched coverage, and a digital platform built to give companies the flexibility, access and security they need to create an AI-enabled world," said Kate Johnson, president and CEO, Lumen Technologies.
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QXO | Hot Stocks11:03 EDT QXO Inc trading resumes
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COSM | Hot Stocks10:58 EDT Cosmos Health's Cana completes Phase 1 of production capacity expansion - Cosmos Health's Cana Laboratories has completed the first phase of upgrades to its manufacturing capabilities and capacities, positioning it to generate over $10 million in recurring annual gross profit at full capacity, expected to be reached by the end of 2025. Cosmos Health acquired Cana in July 2023 and has since invested approximately $5.5 million in the enterprise, which is licensed under European Good Manufacturing Practices and certified by the European Medicines Agency. The investment includes, among other things, upgrading Cana's 54,000-square-foot Athens facility with new machinery, equipment, IT infrastructure, and quality management systems, as well as funding human resources, inventory and supplies, regulatory compliance, drug licenses, and product development and testing. These investments have laid the foundation for future growth, enabling the Company's facilities to accommodate a wide range of pharmaceuticals at scale, including tablets, capsules, syrups, sprays, creams, gels, and ointments. As a result, Cosmos Health is ramping up revenue generation from its contract manufacturing business, producing products for third-party clients, often referred to as CMO. In line with this strategy, as previously announced, the Company has entered into contract manufacturing agreements with Provident Pharmaceuticals and Humacology to manufacture 5,020,000 units of medicines and up to 500,000 CBD units, respectively, bringing the potential total order book to 5,520,000 units. These agreements are poised to be highly profitable due to the high margins in the Company's contract manufacturing business, with minimal costs, including raw materials, as the majority are covered by clients. Additionally, these agreements will occupy less than 20% of the Company's existing capacity, positioning the Company favorably for pursuing additional contracts. The Company expects to generate gross profit exceeding $10 million annually at full capacity following the Phase I upgrades. The Company is actively pursuing several additional contract manufacturing agreements and will provide updates accordingly. Upon achieving full capacity, the Company will evaluate opportunities for a Phase II expansion plan, further enhancing capacity and increasing profitability potential.
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QXO | Hot Stocks10:58 EDT QXO Inc trading halted, volatility trading pause
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OSTX | Hot Stocks10:50 EDT OS Therapies announces data from Phase 1 trial of OST-HER2 - OS Therapies announced data from a Phase 1 clinical trial of OST-HER2 in patients with HER2-expressing solid tumors in breast cancer and other cancers. Additionally, the Company announced positive preclinical efficacy data for OST-HER2 in multiple models of breast cancer. The FDA has granted Rare Pediatric Disease Designation, Orphan Drug Designation, and Fast Track Designation for OST-HER2 in Osteosarcoma. OST-HER2, a biologic therapeutic candidate, is a Lm vector-based off-the-shelf immunotherapeutic vaccine designed to prevent metastasis, delay recurrence, and increase overall survival in patients with osteosarcoma and other solid tumors. The proposed OST-HER2 mechanism of action is based on innate and adaptive immune stimulating responses activated by the Lm vector. This treatment generates T cells that can eliminate or slow potential micrometastases that can grow into recurrent osteosarcoma and other solid tumors, including breast cancer. T cell responses home in on HER2 expressed by the tumor and then kill the cell, releasing additional tumor targets. There are currently no approved adjuvant treatments for recurrent osteosarcoma in the United States. A total of twelve patients with a history of HER2 positive cancer were enrolled in the Phase 1b clinical study, comprised of ten patients with breast cancer, one patient with esophageal cancer and one patient with GE junction cancer. OST-HER2 was determined to be safe and well tolerated in patients with HER2-expressing solid tumors, including at the dose currently being used in the Company's ongoing Phase 2b clinical trial in recurrent, resected osteosarcoma. The Company previously announced positive AOST-2121 interim data and is now in active discussions with the US FDA regarding a Breakthrough Therapy designation application submitted for OST-HER2 based on the interim results. The Company is focused on approval for OST-HER2 in osteosarcoma, and thereafter plans to expand development into breast cancer and other HER2 expressing cancers such as esophageal cancer and colorectal cancer. In addition, the Company announced positive data from multiple preclinical models of breast cancer. The key data for OST-HER2 include: 78% reduction in tumor size in FVB/N HER2 transgenic mouse model of breast cancer treatment at day 75; 33% prevention of breast cancer in OST-HER2 treated mice vs. 0% prevention of breast cancer in FVB/N HER2 transgenic model of breast cancer prevention at week 50; 20% reduction of tumor size for OST-HER2 plus HER2-targeted antibody vs. HER2-targeted antibody alone Tg tumor regression model of breast cancer at day 42; 65% reduction cellular concentration of metastatic cells for OST-HER2-treated mice compared with controls in brain metastasis model of primary breast cancer.
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BHC | Hot Stocks10:22 EDT Bausch Health trading resumes
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CREV | Hot Stocks10:21 EDT Carbon Revolution PLC trading resumes
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BHC | Hot Stocks10:16 EDT Bausch Health trading halted, volatility trading pause
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BHC | Hot Stocks10:11 EDT Bausch Health drops 24% to $5.76 in early trading - Shares of Bausch Health are down $1.81, or 24%, to $5.76 in early trading.
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SOPH | Hot Stocks10:04 EDT Sophia Genetics expands relationship with OncoHelix - SOPHiA GENETICS announced that OncoHelix will implement MSK-ACCESS powered with SOPHiA DDM. The organization, which currently uses the SOPHiA DDM Platform for myeloid testing, will use the new liquid biopsy solution to advance its oncology testing capabilities. OncoHelix will be live on MSK-ACCESS powered with SOPHiA DDM later this summer.
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THC | Hot Stocks10:01 EDT Tenet Healthcare rises 8.4% - Tenet Healthcare is up 8.4%, or $11.66 to $150.34.
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GPI | Hot Stocks10:01 EDT Group 1 Automotive rises 9.0% - Group 1 Automotive is up 9.0%, or $27.41 to $332.17.
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CREV | Hot Stocks10:01 EDT Carbon Revolution PLC trading halted, volatility trading pause
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PRG | Hot Stocks10:01 EDT Prog Holdings rises 20.8% - Prog Holdings is up 20.8%, or $7.22 to $41.85.
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SAGE | Hot Stocks10:00 EDT Sage Therapeutics sinks 20% to $10.49 after essential tremor study fails
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SAGE | Hot Stocks10:00 EDT Sage Therapeutics sinks 20% to $10.49 after essential tremor study fails
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BXMT | Hot Stocks10:00 EDT Blackstone Mortgage falls -10.5% - Blackstone Mortgage is down -10.5%, or -$2.06 to $17.57.
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SFL | Hot Stocks10:00 EDT SFL Corporation falls -13.2% - SFL Corporation is down -13.2%, or -$1.84 to $12.11.
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LW | Hot Stocks10:00 EDT Lamb Weston falls -20.3% - Lamb Weston is down -20.3%, or -$15.96 to $62.66.
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WNC | Hot Stocks09:48 EDT Wabash falls -11.3% - Wabash is down -11.3%, or -$2.55 to $20.00.
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SFL | Hot Stocks09:48 EDT SFL Corporation falls -11.7% - SFL Corporation is down -11.7%, or -$1.63 to $12.32.
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LW | Hot Stocks09:47 EDT Lamb Weston falls -18.5% - Lamb Weston is down -18.5%, or -$14.58 to $64.04.
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AVTR | Hot Stocks09:47 EDT Avantor rises 5.3% - Avantor is up 5.3%, or $1.13 to $22.30.
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SNDR | Hot Stocks09:47 EDT Schneider National rises 7.2% - Schneider National is up 7.2%, or $1.75 to $26.20.
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PRG | Hot Stocks09:47 EDT Prog Holdings rises 15.3% - Prog Holdings is up 15.3%, or $5.31 to $39.94.
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GD | Hot Stocks09:46 EDT General Dynamics says supply chain 'improved, but not completely healed'
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AMC | Hot Stocks09:43 EDT AMC Entertainment trading resumes
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RGC | Hot Stocks09:42 EDT Regencell Bioscience Holdings Ltd trading resumes
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NXTT | Hot Stocks09:41 EDT Next Technology Holding Inc trading resumes
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PIRS | Hot Stocks09:39 EDT Pieris Pharmaceuticals trading resumes
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KSCP | Hot Stocks09:37 EDT California multifamily community expands Knightscope contract - Knightscope announced the upgrade of Knightscope Authorized Partner JDS Security's first K5 Autonomous Security Robot deployed at a multi-family residential community in San Diego, California. This latest upgrade to the fifth generation of the K5 ASR brings the Company one step closer to reaching a major milestone in the 'Road to Profitability' announced during its first annual Innovation Week earlier this year. As a result of the success of the K5, the client elected to increase their coverage by adding a K1 Hemisphere ASR to their contract.
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PIRS | Hot Stocks09:34 EDT Pieris Pharmaceuticals trading halted, volatility trading pause
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RGC | Hot Stocks09:32 EDT Regencell Bioscience Holdings Ltd trading halted, volatility trading pause
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GROM | Hot Stocks09:31 EDT Grom's Top Draw Animation secures over $1M in new assignments - Top Draw Animation has secured additional, previously unreported assignments totaling over $1M. The new projects, which follow its May, 2024 commencement of assignments valued at over $2.9M, was confirmed by Cyrus Mistry, COO of Top Draw Animation.
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NXTT | Hot Stocks09:31 EDT Next Technology Holding Inc trading halted, volatility trading pause
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MTEK | Hot Stocks09:28 EDT Maris-Tech launches Uranus-based Diamond System solution - Maris-Tech announced the launch of the Uranus-based Diamond System, a 360 degrees 3D situational awareness solution specifically designed for Armored Fighting Vehicles. This advanced product aims to set a high standard in defense technology and operational excellence, looking to redefine the next generation of situational awareness edge computing solutions, and bring unparalleled performance and operational efficiency to the defense sector. The Diamond System leverages advanced AI technologies to provide comprehensive 360 degrees 3D situational awareness and early threat detection capabilities. It integrates high definition day and night cameras, ultra-high-definition displays, and flexible camera interfaces, ensuring full surround and 3D coverage. This solution is engineered to address the challenges of urban and open terrain combat, enhancing crew protection and operational effectiveness.
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GD | Hot Stocks09:27 EDT General Dynamics expects to deliver about 160 business jets in 2024 - Says FY24 Aerospace revenue guidance unchanged, profit margins in unit to be down 100 bps from January estimates.
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AMC | Hot Stocks09:26 EDT AMC Entertainment trading halted, news pending
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GD | Hot Stocks09:21 EDT General Dynamics says revenue increased at all four business units in Q2 - Says delivered four fewer business jets in Q2 than expected. Expects "much stronger" operating margins in Q3. Says U.S. remains strongest market. Says "solid quarter" from orders perspective. Sees "significant" 2H24 growth in cash flow. Sees 2H24 CapEx "slightly higher" than 1H24. Comments taken from Q2 earnings conference call.
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RACE... | Hot Stocks09:21 EDT Ferrari to extend cryptocurrency payments to European dealers - Ferrari announced that it will extend its cryptocurrency payment system to its network of European dealers from the end of July. The entry into the European market follows the successful launch of this alternative payment system in the United States less than a year ago, to support dealers in better addressing the evolving needs of its clients. By the end of 2024, Ferrari will expand cryptocurrency transactions to other countries in its international dealer network, where cryptocurrencies are legally accepted. Reference Link
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DSX | Hot Stocks09:19 EDT Diana Shipping announces time charter contract for m/v DSI Polaris - Diana Shipping has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is $15,400 per day, minus a 5.00% commission paid to third parties, for a period until minimum June 1, 2025 up to maximum August 15, 2025. The charter commenced retroactively as of July 20, 2024. The m/v DSI Polaris was chartered, as previously announced, to ASL Bulk Marine Limited, at a gross charter rate of $13,100 per day, minus a 5.00% commission paid to third parties. The "DSI Polaris" is a 60,404 dwt Ultramax dry bulk vessel built in 2018. The employment of "DSI Polaris" is anticipated to generate approximately $4.76 million of gross revenue for the minimum scheduled period of the time charter.
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SYNX | Hot Stocks09:18 EDT Silynxcom receives additional order from Israel Defense Forces - Silynxcom has received an additional order from the Israel Defense Forces for its advanced tactical communication headset devices. This latest order for $315,000 comes after a $500,000 order from the IDF was announced by the Company on July 9, 2024. The Company also recently announced on July 9, 2024, a strong performance for the first half of 2024 on a preliminary unaudited basis, including estimated revenue for the six months ended June 30, 2024 of approximately $5.31 million - highlighting accelerated operational and business growth - and cash and cash equivalents and marketable securities of approximately $3.69 million as of June 30, 2024.
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TMUS KKR | Hot Stocks09:15 EDT T-Mobile, KKR announce JV to acquire Metronet
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TMUS KKR | Hot Stocks09:14 EDT T-Mobile to invest $4.9B in Metronet joint venture with KKR - T-Mobile (TMUS) announced it has entered into a definitive agreement to establish a joint venture, or JV, with KKR (KKR) that will acquire Metronet including its broadband infrastructure, residential fiber business operations and existing customers. As part of the transaction, the JV will also acquire Oak Hill Capital's existing stake. Oak Hill Capital will re-invest to retain a minority position and founder John Cinelli will also retain a minority position once the deal closes. The company currently reaches more than 2M homes and businesses across 17 states with fiber solutions built on a broadband platform. Following the transaction's close, Metronet will become a wholesale services provider for its retail customers and 100% of its residential fiber retail operations and customers will transition to T-Mobile. T-Mobile will have full responsibility for residential customer acquisition and support, leveraging its differentiated retail, marketing, brand and service model, and will utilize Metronet's digital and fiber infrastructure expertise to expand to more households with fiber broadband services. Metronet will focus on build plans, network engineering and design, network deployment, and customer installation. Following the transaction close, Metronet is expected to be self-funding on a go forward basis and it is expected to reach 6.5M homes passed by the end of 2030. To support this business plan T-Mobile does not expect to make any additional capital contributions to the JV. KKR is making the investment in Metronet through its global infrastructure strategy. The transaction is expected to close in 2025, subject to customary closing conditions and regulatory approvals. At closing, T-Mobile is expected to invest approximately $4.9B to acquire a 50% equity stake in the JV and 100% of Metronet's residential fiber retail operations and customers, as well as funding of the JV.
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SING | Hot Stocks09:14 EDT SinglePoint CEO says continuing to 'refine and strengthen' operations - CEO Wil Raston said, "The Company continues to refine and strengthen operations as reflected in our recently filed annual financial statement for the year ended December 31, 2023. In particular, management is encouraged by the overall increase in topline revenue of 20% YOY and the ongoing sustainable growth of its subsidiary Boston Solar. We believe this trend will continue into 2025. Boston Solar's new leadership team is demonstrating its commitment to profitability, reducing $3.1M in annual overhead while continuing YoY revenue growth. The reduction in expenses resulted in an increase in revenue per employee of approximately 50%. Further implementations of software and development partnerships will allow the company to increase volume into 2025 with limited fixed overhead costs. Additionally, diversifying the business from over 90% residential at time of acquisition to 70/30 residential to commercial in 2022, to a 50/50 split between both business lines in 2024 comfortably positions the company for growth with an active solar market driven by strong state mandates for carbon reduction on commercial buildings by 2030. As Massachusetts residential and small commercial solar markets consistently rank in the top 10 for solar and solar adjacent products, we believe Boston Solar is uniquely positioned with approximately $20M in signed commercial contracts to build upon as it seeks to be the leading provider of small commercial solar in the state. Recently Massachusetts was ranked the number one most solar friendly state in the US by this This Old House and the 11th in total solar power installations as reported SEIA. Throughout the second half of 2023 the solar market experienced turbulence primarily driven by high interest rates, which significantly impacted both the residential and commercial real estate sectors. High interest rates increase the cost of financing solar projects, making it more expensive for consumers and businesses to take out loans for solar installations. This was particularly felt in the residential market, where homeowners often rely on loans to cover the upfront costs of solar panel systems. As a result, we have implemented dramatic changes to our marketing and sales efforts, which has resulted in additional leads and sales opportunities that we expect to show measurable results over the second half of 2024. Due to the foresight and strategic initiatives to drive commercial growth at Boston Solar, we were fortunate to not be nearly as impacted as some our peers and have actually seen measurable improvements during this time within Boston Solar commercial and residential business units. We expect these improvements will result in additional compound growth as market conditions continue to improve. Despite the challenging market conditions our team's dedication and persistence has led to significant advancements in our operational efficiency. It is this resilience that continues to create new opportunities for our business units. We are committed to navigating all market conditions effectively ensuring sustainable growth and creating long-term shareholder value."
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TEAM ADBE | Hot Stocks09:11 EDT Atlassian appoints Adobe's Chief Strategy Officer Scott Belsky to board - Atlassian (TEAM) announced it is appointing Scott Belsky to its Board of Directors effective August 1 . Scott is the Chief Strategy Officer and Executive Vice President, Design & Emerging Products, at Adobe (ADBE), a firm in creative, digital document and digital experience technology. "I'm excited for Scott to bring his deep strategy and product experience to our Board. He's built loveable products used by millions of people around the world, and knows how to deliver customer value. Scott understands the tech industry and has a strong pulse for the trends shaping our world. Never has that been more important, as Atlassian takes on the opportunity in the AI-era," said Mike Cannon-Brookes, co-Founder and co-CEO, Atlassian.
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DLPN | Hot Stocks09:08 EDT The Door selected for 'Pay What You Want' pizza program for Newman's Own - Newman's Own has launched a national Pay What You Want Pizza truck. This innovative initiative allows customers to choose their own price for a slice of pizza, with all proceeds going to the Newman's Own Foundation to support children facing adversity. The Door has been selected to execute the multi-channel marketing and PR campaign for this initiative. Known for building impactful brands through creative strategies, The Door is instrumental in driving the earned media and influencer marketing of the Pay What You Want Pizza truck tour.
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TREX | Hot Stocks09:07 EDT Trex Company launches new Trex Signature X-Series Railing - Trex Company has expanded its popular Trex Signature Railing line with the introduction of X-Series Cable Rail and X-Series Frameless Glass Rail. Now available through Trex channel partners, these two new offerings blend modern profiles with simplified installation to deliver a winning combination for contractors and clients.
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VZ... | Hot Stocks09:06 EDT Verizon customers can get NFL Sunday Ticket from YouTube TV - Starting today, Verizon (VZ) customers can get NFL Sunday Ticket from YouTube (GOOGL) and YouTube TV, on us. Plus, Verizon is offering a new discount on YouTube TV's Base Plan and access to weekly ticket drops for every NFL game now through the end of the season through Verizon Access.
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SVCO | Hot Stocks09:06 EDT Silvaco provides update on Ole Christian Andersen litigation - Silvaco Group announced an update to the pending litigation regarding Silvaco, Inc. v. Ole Christian Andersen et al relating to the acquisition of Nangate Denmark in 2018 which pre-dates the current management team. The case was tried in the Superior Court of the State of California, and a jury verdict was delivered on July 23, 2024. After deliberations, the jury awarded Nangate $11.3 million in damages under the breach of contract claims. This amount does not include potential statutory prejudgment interest in an estimated amount of up to $4.2 million. Further, punitive damages relating to the claims of fraud will be considered at a hearing expected to be held on August 16, 2024. Punitive damages, if any, would be payable by the Company only to the extent they are above the amount awarded in connection with the breach of contract claims. While the Company respects the jury's decision and intends to abide by any final rulings or judgments, it is also exploring all options, including the possibility of post-trial motions and appeals. As of June 30th, 2024, Silvaco had an unaudited cash, cash equivalents and marketable securities position of $102.3 million.
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CRM WDAY | Hot Stocks09:06 EDT Salesforce, Workday announce plans for new AI employee service agent - Salesforce (CRM) and Workday (WDAY) announced plans for a new AI employee service agent that will automate tasks, provide personalized support, and surface data-driven insights. The combination of Salesforce's new Agentforce Platform and Einstein AI with the Workday platform and Workday AI will enable organizations to create and manage agents for a variety of employee service use cases.
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TBLA | Hot Stocks09:05 EDT Taboola announces Taboola for Audience - Taboola announced Taboola for Audience, a new AI-powered technology that empowers publishers to drive significantly more traffic, which is more critical now than ever. Taboola for Audience allows publishers to future-proof their audience development goals and navigate substantial changes affecting their referral traffic from search and social media. In 2024 alone, publishers have contended with changes to search engine and social media traffic, as well as ongoing uncertainty around the impact of Generative AI advancements.
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EDBL | Hot Stocks09:04 EDT Edible Garden achieves over 44% year-over-year increase in prelim sales - Edible Garden announced that the Company experienced a more than 44% year-over-year increase in preliminary produce sales for the key July 4th holiday time period. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are extremely proud of Edible Garden's performance during the crucial July 4th period, highlighted by an impressive year-over-year preliminary sales increase of over 44% compared to the 2023 comparable period. This follows a significant 27.6% year-over-year revenue growth in the 2024 first quarter, typically the slowest quarter of the year for the Company. We believe that consistency and reliability are key factors in the Company's success, strengthening our appeal to distribution partners who see Edible Garden as a dependable supplier. The Company's consistency and reliability is best illustrated by its 99% fulfillment rate during the July 4th period, one of the best in the industry."
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FLNC | Hot Stocks09:03 EDT Fluence Energy expands Digital Services Center with RMDC in India - Fluence Energy announced its Digital Services Center has expanded with a new Remote Monitoring and Diagnostics Center in India. The RMDC is co-located with Fluence's Global Innovation Center in Bengaluru and will bring together experts from across the business to drive innovative customer solutions. Fluence's DSC is expected to serve as a central hub for applying operational data intelligence to the global fleet of assets managed by Fluence's team across 47 markets and will provide insights for the company's research and development, and services functions. These efforts ultimately are anticipated to help provide more value to customers by optimizing their assets' performance.
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CELZ | Hot Stocks09:03 EDT Creative Medical starts development of AI-driven diagnostic, treatment program - Creative Medical Technology announced that it has initiated its planned program to diagnose and treat patients exposed to biological and chemical weapons by combining Artificial Intelligence with the Company's proprietary human induced pluripotent stem cells. This iPSC clinical line is part of the Company's iPSCelz program. "The program is designed to utilize the predictive capabilities of AI to identify damage to patients exposed to biological or chemical weapons and, based on a clinical diagnosis supported by that assessment, use the Company's validated iPSC Inducible Pluripotent Mesenchymal Cells to treat these individuals on a patient-by-patient basis," said Timothy Warbington, CEO of Creative Medical Technology.
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XWEL | Hot Stocks09:02 EDT CPC Pain & Wellness issues letter to fellow XWELL shareholders - CPC Pain & Wellness, a significant XWELL shareholder that beneficially owns 394,200 or 9.42% of XWELL's outstanding shares, issued the below letter to its fellow shareholders. The letter informs shareholders of CPC's recent lawsuit filing against the incumbent members of XWELL's Board of Directors for breach of their fiduciary duties and for the Board's wrongful and inequitable efforts to prevent CPC from nominating a competing slate of directors and consequently denying shareholders the opportunity to choose who they elect to XWELL's Board at the upcoming annual shareholder meeting. In its letter, CPC details how current Board members have personally benefited from XWELL while overseeing an astounding decline in XWELL shareholder value and substantial net losses. CPC also shares in the letter its vision for restoring and maximizing shareholder value.
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WLDS | Hot Stocks09:02 EDT Wearable Devices announces MDK sale to global defense company - Wearable Devices announced that a global defense company has purchased its Mudra Development Kit to evaluate certain deep-level capabilities. This purchase marks additional opportunities for Wearable Devices in the defense market, following its previous agreement with another defense sector leader.
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RTX | Hot Stocks09:01 EDT RTX's Pratt & Whitney GTF engines surpass 950 orders and commitments in 2024 - RTX's Pratt & Whitney business announced more than 950 GTF engine orders and commitments since the beginning of 2024. In total, more than 11,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.
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LILM | Hot Stocks08:58 EDT Lilium partners with global airport operator Groupe ADP - Groupe ADP and Lilium announced a partnership to collaborate on infrastructures for the Lilium Jet in Europe, the Middle East, and Asia. Groupe ADP, which operates and develops 23 airports around the globe with its two major partners TAV Airports and GMR Airports, will work with Lilium to make its vertiports accessible to Lilium's customers. Groupe ADP is developing in particular comprehensive vertiports at two prominent airports in the Paris region - Paris-Charles de Gaulle and Paris-Le Bourget - as well as a temporary site in the heart of Paris in 2024. Groupe ADP's vertiports will significantly bolster the Lilium network in France and establish Paris as an important regional hub for Lilium Jet operators. In addition to their flagship locations in France, Groupe ADP operate an extensive network of international airports around the world including key sites in the Kingdom of Saudi Arabia, Turkey, and India. These sites will be crucial for operators of the Lilium Jet as they work to bring regional electric aviation to passengers starting in 2026.
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LPLA | Hot Stocks08:56 EDT LPL Financial: Investment Advisors joins broker-dealer, RIA, custodial platforms - LPL Financial announced that the advisors of Investment Advisors Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported having served approximately $1 billion in advisory, brokerage and retirement plan assets and joins LPL from Osaic. Founded in 1979 by Thomas E. Musumeci and headquartered in Eatontown, N.J., Investment Advisors Financial Group includes a diverse mix of advisors with backgrounds in accounting, finance, tax and investments who work together to address each client's unique wealth management needs. The group, which is led by Musumeci, James Flannery and Annie Silvestro - Musumeci's daughter - consists of 22 advisors and eight associates and administrative staff.
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ECDA | Hot Stocks08:54 EDT ECD Automotive Design announces collaboration with Turtleback Trailers - Adventure calls, and ECD Auto Design answers with a custom, one-of-one Defender, collaborating with the rugged and versatile Turtleback Trailer. Highlights of the Turtleback Trailer Include: Rugged Tires and Independent Suspension: Matching the Defender's off-road prowess. Spacious Storage Compartments: Ensuring you have all the gear you need. Built-In Kitchen: Complete with a SnoMaster fridge and freezer combo, perfect for home-cooked meals by the lake. 44-Gallon Hot Water on Demand: Enjoy hot showers with ease. Dual Lithium Batteries and Solar Power: Providing reliable energy for all your needs. Comfortable Tent and Awning: Offering a cozy place to sleep and relax.
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T | Hot Stocks08:52 EDT AT&T sees 2H24 cash taxes $1B higher vs. 2H last year
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AIM | Hot Stocks08:51 EDT AIM ImmunoTech announces data on Ampligen's anti-tumor potential - AIM ImmunoTech announced the publication of new pre-clinical data concerning the company's drug Ampligen as part of a combinational therapy in the treatment of melanoma, showing that combination dendritic cell-based vaccines including anti-PD-L1 checkpoint inhibitors and Ampligen-containing chemokine modulation helped slow tumor cell growth and improved survival in a mouse model. "Therapeutic Anti-Tumor Efficacy of DC-Based Vaccines Targeting TME-Associated Antigens is Improved When Combined with a Chemokine-Modulating Regimen and/or Anti-PD-L1" was published in the peer-reviewed journal Vaccines. AIM Medical Officer David Strayer, MD, stated: "This new pre-clinical data further demonstrates Ampligen's therapeutic potential when used with dendritic-cell vaccines, with anti-PD-L1 checkpoint inhibitors, or in combination with both. The data supports AIM's belief that we are on the right path in our ongoing development of Ampligen as an anti-tumor therapy."
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T | Hot Stocks08:50 EDT AT&T: 95%+ of long-term debt is fixed
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T | Hot Stocks08:50 EDT AT&T sees FY24 free cash flow $17B-$18B
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T | Hot Stocks08:49 EDT AT&T on track for $21B-$22B of capital investment in 2024 - Sees higher capital expenditures and lower vendor financing payments versus 2023. Comments taken from Q2 earnings conference call.
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IVP | Hot Stocks08:48 EDT Inspire Veterinary 'positioned to benefit' from megatrends in vet business - CEO Kimball Carr said, in part, "We remain positioned to benefit from the long-term megatrends in the veterinary business, as pets have become an integral part of the family and owners are demanding high-quality healthcare...Among the 2024 focus areas for our teams are improvements to leadership at all levels, targets focused on clinic productivity and coaching on efficiency as we increase our flow through in all of our locations. The first quarter of 2024 provided some early indicators of improvement and we achieved improved YOY earnings at hospital level. Cost of goods and labor metrics have shown improvement during the first half of 2024 with purchasing discipline being greatly improved in our clinics via coaching by our field leaders and our enterprise beginning to leverage re-negotiated vendor contracts which benefit from IVPs growing size. Simultaneously, labor savings have resulted from more accurate scheduling and budgeting at each of IVPs locations. Improvements in these key cost areas have allowed the company to outpace our prior year's earnings at clinic level and this focus on profitability will continue to improve as the company continues to work on top line revenue growth for the balance of the year. As progress continues with our existing portfolio, we are excited about plans to return to expansion in the back half of 2024 through hospital acquisitions and new business integrations by targeting single unit acquisitions and the potential for multi-unit integrations as well. The company's continuous improvement must be driven by its talented and passionate people. In that regard, Inspire invested early in our professionals, even prior to our IPO. We built one of the most comprehensive benefits packages in our industry as a means to ensure the health and wellbeing of our workforce was at the forefront of what we do. We also designed an Employee Stock Option Program which we are excited to launch in the near future. This kind of equity offering will be the first of its kind in our industry and demonstrates Inspire's aim to change how veterinary professionals are rewarded and compensated. Put simply, IVP was founded on the idea that more reward should be had by the teams which help our company grow and we believe these kinds of programs are the right way to retain the best talent in the veterinary industry. Investments like these were implemented early as Inspire needed to attract and retain the best talent in order to fuel our growth. We continue to be focused on results which must improve and be sustained so that the company sees a return for its investment in its people. Looking ahead, our strategic priorities are clear, and we have the right team to execute our plans effectively. Our operations are improving, and our balance sheet has been strengthened with our recently completed public offering, providing us with a better foundation for future growth and market position."
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GLT BERY | Hot Stocks08:43 EDT Glatfelter, Berry announce new brand name in connection with HHNF merger - Berry Global Group (BERY) and Glatfelter Corporation (GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter progressed further today with the creation of the Magnera brand. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a commitment to innovation and leadership in the specialty materials industry. Magnera will leverage a broad platform of 46 global manufacturing facilities, offering its customers innovative solutions more quickly from closer locations and minimizing environmental impact.
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QTI | Hot Stocks08:42 EDT QT Imaging teams with PerfeQTion Imaging Center in Haverford, PA - QT Imaging Holdings announces its latest shipment of the Breast Acoustic Scanner to PerfeQTion Imaging Center in Haverford, Pennsylvania, together with our strategic business and distribution partner. Founded by Dr. Jennifer Simmons, an integrative oncologist, breast surgeon, and founder of functional medicine center, Real Health MD, the PerfeQTion Imaging Center offers screening and diagnostic exams, as well as monitoring. QTI's Breast Acoustic System, provides a safe, painless, and accurate alternative for breast imaging. "I believe the QTI technology will forever change the way we screen for breast cancer," Dr. Jennifer Simmons said. "Mammograms expose women to low-grade radiation which accumulates in breast tissue causing damage over time and potentially contributing to breast cancer. Young and high-risk women are especially susceptible to the damaging effects of radiation. I believe women are no longer interested in just taking what they are given these days. They are interested in prevention, overall wellness, and health promoting measures. They are advocating for themselves. The QTI technology is safe, is true 3D, is quantifiable, has high resolution, and is affordable. Women deserve a more compassionate and effective option for screening. Breast health is health, and no one should have to compromise their health and well-being for screening." "The QTI technology is expanding the medical imaging market opportunities beyond hospitals and imaging centers by supporting direct to provider approaches to enable the ability to lower health care costs and increase access via personal medical imaging," said Dr. Raluca Dinu, Chief Executive Officer at QTI. "Our commercial partnership with the PerfeQTion Imaging Center reflects our commitment to the breast imaging market and the rise in the power of today's healthcare consumers. Women are savvier and increasingly proactive in preventative care - they are looking for solutions like ours."
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NOW | Hot Stocks08:40 EDT ServiceNow acquires Raytion to enhance GenAI-powered capabilities, no terms - ServiceNow announced it has acquired Raytion to enhance GenAI-powered search and knowledge management capabilities on the Now Platform. Raytion's industry-leading information retrieval technology will enable unified real-time access to business-critical data across multiple enterprise sources for a more powerful, efficient, and personalized AI search experience, all on a single technology platform. The complexity of modern enterprise environments will drive the need for more intelligence about the data, so that organizations can take control of highly distributed, diverse, and dynamic information1. With Raytion technology combined with ServiceNow AI Search, users can find the answers they require without having to know exactly where the information is located. Raytion's technology will integrate secure access to information from enterprise data sources and allow ServiceNow's AI Search to provide users with an industry-leading, intelligent search experience and the information they need, all from a single entry point. This includes data within ServiceNow and from third-party systems. ..Since 2001, Germany-based Raytion has been implementing and operating large-scale business solutions for Global 500 companies and organizations worldwide. For ServiceNow, this announcement follows previous acquisitions of Enable OH&S technology, Hitch Works, and 4Facility technology as part of the company's ongoing commitment to drive AI transformation on a global scale, enhance employee experiences, and power the future of work. ServiceNow completed the acquisition of Raytion in July 2024. Financial terms of the deal were not disclosed.
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RPRX | Hot Stocks08:40 EDT Royalty Pharma appoints Sawaya as EVP, Head of Human Capital - Royalty Pharma announced the appointment of Molly Sawaya as Executive Vice President, EVP, Head of Human Capital. Molly joins Royalty Pharma from Hudson Bay Capital, where she was a Managing Director and Head of Colleague Experience, responsible for designing and delivering the firm's Human Resources agenda, including onboarding, colleague engagement, professional development, compensation and benefits.
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BLDE | Hot Stocks08:39 EDT Blade Air Mobility opens shareholder Q&A platform ahead of Q2 results - Blade Air Mobility announced the opening of the shareholder Q&A platform to be used for its upcoming conference call to discuss the financial results for the second quarter ended June 30, 2024. Blade will conduct the call at 4:30pm ET on Wednesday, August 7, 2024. Starting today, any shareholder will be able to submit and upvote questions to management of the Company.
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INBS | Hot Stocks08:38 EDT Intelligent Bio announces QabasTech as exclusive distributor in Saudi Arabia - Intelligent Bio Solutions announced QabasTech as its exclusive distributor in Saudi Arabia. This partnership marks further growth for INBS in the country, aligning with its ambitious infrastructure projects and commitment to improving public safety. "We are very pleased to partner with Qabas as our exclusive distributor in Saudi Arabia," said Harry Simeonidis, President and CEO at INBS. "This collaboration will enable us to bring our innovative drug screening solution to a market actively seeking effective methods to combat drug abuse. Our Intelligent Fingerprinting Drug Screening System will support Saudi Arabia's efforts to maintain safety and security across various sectors."
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SGBX | Hot Stocks08:38 EDT Safe & Green engages firm for sales-leaseback on Waldron facility - Safe & Green Holdings has engaged Northmarq Capital to secure a suitable deal and partner for a sale-leaseback involving its Waldron facility located in Durant, Oklahoma. This strategic move for the property appraised at $4.7 million is intended to free up working capital, thereby supporting Safe & Green Holdings' growing customer demand and facilitating its aggressive expansion strategies.
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SONN | Hot Stocks08:38 EDT Sonnet BioTherapeutics reports data from Phase 1b/2a trial of SON-080 - Sonnet BioTherapeutics announced encouraging data from the Phase 1b portion of its Phase 1b/2a clinical trial evaluating SON-080 for the treatment of CIPN. The SB211 study is a double-blind, randomized, controlled trial of SON-080 conducted at two sites in Australia in patients with persistent CIPN using a new proprietary version of recombinant human Interleukin-6 that builds upon previous work with atexakin alfa. The goal of the Phase 1b portion of the SB211 study was to confirm safety and tolerability before continued development in Phase 2. As previously announced in March 2024, a data and safety monitoring board reviewed the unblinded safety and tolerability of SON-080 in the first nine patients and concluded that the symptoms were tolerable in the initial patients and the study could proceed to Phase 2.
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PRFX | Hot Stocks08:37 EDT PainReform files patent covering manufacturing process for PRF-110 - PainReform announced it has filed a patent covering its new and highly scalable manufacturing process for PRF-110, its flagship product designed to revolutionize post-operative pain control. The patent filing follows successful completion and testing of the new process. This milestone not only marks a critical step forward in preparation for future potential market launch of PRF-110, allowing a smooth step-wise increase of batch manufacturing, but also underscores the Company's commitment to enhancing manufacturing efficiency and reducing costs.
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WKHS | Hot Stocks08:37 EDT Workhorse Group to participate in Zero-Emissions Showcase + Ride & Drive - Workhorse Group announced its participation in the upcoming Zero-Emissions Showcase + Ride & Drive, hosted by the California Air Resources Board and CALSTART. The event will take place on August 14, 2024, from 9:00 AM to 4:00 PM at the Oakland Arena in Oakland, California. Registration for the event is free. Attendees will have the chance to experience Workhorse's battery-electric medium-duty W56 step van and W4 CC cab chassis. Both models are designed to deliver unmatched performance, reliability, and efficiency for fleet managers and operators. The W56 and W4 CC qualify for incentives offered by California's Hybrid and Zero-emission Truck and Bus Voucher Incentive Project and Innovative Small e-Fleet programs.
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SCPX | Hot Stocks08:36 EDT Scorpius set to launch first mammalian cGMP campaign at San Antonio facility - Scorpius Holdings announced that the Company expects to launch its first cGMP mammalian manufacturing campaign at its San Antonio manufacturing facility in the 3rd quarter of 2024. This milestone highlights the expansion of the Company's biomanufacturing capabilities, particularly in the field of mammalian cell culture production for advanced biopharmaceuticals. Scorpius has previously initiated cGMP activities in its microbial facilities, and the commencement of mammalian cGMP campaigns marks a significant development as it opens additional revenue streams for the Company's CDMO operations. Scorpius boasts a dedicated mammalian cell culture facility with cGMP-compliant controlled cleanrooms illustrating Scorpius' commitment to providing tailored and adaptable manufacturing solutions.
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INUV... | Hot Stocks08:35 EDT Inuvo comments on Google's updated plans for third-party cookies - Inuvo (INUV) provides its views on the recently announced Google (GOOG, GOOGL) decision related to the Privacy Sandbox and their deprecation of third-party cookies within Chrome browsers. In a message posted to their blog on July 22nd, Google provided an update to their development plans associated with the Privacy Sandbox, the replacement targeting technology to the third-party cookie within the Chrome browser. While short on details, the blog made several important statements which are telling of the future. Google stated clearly that they expected the Privacy Sandbox to continue improving, which strongly suggests they plan to continue investing in this alternative approach. Google further proposed that in lieu of their elimination of the third-party cookie, they would conversely empower consumers with a more informed choice related to their tracking facilitated by the third-party cookie. Interestingly, when Apple provided a similar option to consumers in 2021 for App tracking, it resulted in over 90% of consumers opting, "No", effectively ending such practice on iOS devices. "Irrespective of Google's plans, the die was cast on third-party browser cookies when Apple, with now 55% of the mobile U.S. browser market, eliminated them entirely in 2020," said Rich Howe, Inuvo's Chairman and CEO. "Consumers have demonstrated through their actions that they do not want to be tracked and with increasing numbers are using the tools at their disposal to stop such tracking. There is strong evidence that the choice Google gives consumers will accelerate the cookies' demise. In this regard, cookie consent is cookie deprecation by another name. The IntentKey technology is the next evolution in digital advertising, putting the power of Inuvo's proprietary audience discovery and targeting AI in the hands of marketers. It was designed from the onset to beat any comparable capability regardless of whether cookies deprecate."
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MULN | Hot Stocks08:35 EDT Mullen Automotive announces GAMA purchases 29 Mullen GOs - Mullen Automotive announces GAMA, one of Mullen international distributors, has placed an order for 29 Mullen GOs, the Company's commercial micro urban delivery vehicle. The order is valued at $304,000 USD with shipment to GAMA planned for early August 2024. GAMA was recently announced as one of Mullen's European distribution partners for southeastern Europe covering the Balkans Region, which includes Bosnia and Herzegovina, Serbia, Montenegro, Croatia, Slovenia, Macedonia, Albania, Greece and Bulgaria. GAMA represents Mullen's full commercial electric vehicle product line.
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TOMZ | Hot Stocks08:34 EDT Tomi Environmental Solutions secures $1.2M contract with Enviro-Mist - TOMI Environmental Solutions announced that Enviro-Mist Inc. a division of EMAQ Group purchased twenty SteraMist Environment Systems, generating approximately $1.2 Million in revenue which will be recognized in the second quarter of 2024. Enviro-Mist, a division of EMAQ Group, has joined the iHP Corporate Service team as an exclusive partner for the pharmaceutical market in the Western United States, a territory we do not currently have a large footprint for disinfection services. Enviro-Mist is coming onboard with a multi-year contract in place for a single location of one of our long-standing and valued customers.
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TURN | Hot Stocks08:33 EDT 180 Degree Capital notes accident involving CEO Kevin Rendino - The company said, "180 Degree Capital announced that its CEO and Co-Portfolio Manager, Kevin Rendino, was involved in an accident and is currently receiving treatment for his injuries. His doctors have informed us that he is responding well to treatments and his current recovery prognosis is positive. Our thoughts are with him and his family. We will provide updates as more information becomes available. 180 Degree Capital also affirms that its business operations remain in full force and are continuing as usual under the management of Daniel B. Wolfe, 180 Degree Capital's President and Co-Portfolio Manager."
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LRHC | Hot Stocks08:33 EDT La Rosa Holdings announces intent to acquire Celebration Corporate Center - La Rosa announced that it has entered into a non-binding Letter of Intent to acquire Celebration Corporate Center. The Company expects to acquire this entity through its wholly-owned subsidiary, La Rosa Property Management. As a result of the acquisition, LRPM will become a direct owner of Celebration Corporate Center LLC and its commercial real estate located in Celebration, Florida. LRPM specializes in property management services for owners of single-family residential properties and manages a diverse portfolio of properties across Florida. The Company anticipates finalizing the transaction in the third quarter of 2024.
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NMHI | Hot Stocks08:33 EDT Nature's Miracle receives record grow light sales order of $2.4M - Nature's Miracle has received a $2.4M purchase order of Efinity LED grow lights from a top indoor grower based in California. The payment for the order will begin by October 1 with a delivery date in late November. The $2.4M illion sales order will increase the company's Q4 revenue by the same amount.
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ALSN CMI | Hot Stocks08:31 EDT Allison Transmission partners with Cummins to test natural gas engine - Allison Transmission (ALSN) has partnered with Cummins (CMI) to test and validate the new Cummins X15N 15-liter natural gas engine paired with the Allison 4000 Series fully automatic transmission. Sandman, a bulk cement hauling fleet based in San Jose, California, has successfully completed over 50,000 miles of vehicle testing in the field and reports significant improvements in fuel efficiency and performance. The test vehicle, a Peterbilt tractor pulling double trailers of bulk cement, demonstrated the impressive performance and productivity of the X15N engine and Allison transmission combination.
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EHC | Hot Stocks08:30 EDT Encompass Health increases share repurchase authorization - Encompass Health approved resetting the aggregate common stock repurchase authorization to $500M. The company repurchased approximately $17M of its common stock during Q2 and had approximately $181M remaining under the prior authorization as of June 30.
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EHC | Hot Stocks08:29 EDT Encompass Health increases dividend 13% to 17c per share - Encompass Health approved an increase in the company's quarterly dividend of approximately 13% and declared a quarterly cash dividend on its common stock of 17c per share, payable on Oct. 15 to holders of record on Oct. 1.
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NLST SSNLF | Hot Stocks08:24 EDT Netlist secures order finalizing $303M damages award against Samsung - Netlist, Inc. (NLST) announced the denial of Samsung's (SSNLF) post-trial motions in the case of Netlist v. Samsung Electronics in the United States District Court for the Eastern District of Texas. The Court's Memorandum Opinion and Order, denying post-trial motions, combined with the Final Judgment, entered in August 2023 bring this case to a close in the District Court. The Court has upheld the jury's verdict and damages award in the April 2023 trial and confirmed that Samsung willfully infringed Netlist's patented technologies and that none of the asserted claims are invalid. Netlist's patents in the April trial cover both high bandwidth memory or HBM and DDR5 memory that are foundational to generative artificial intelligence computing. The $303,150,000 award was granted as a reasonable royalty for Samsung's infringement of Netlist's patents for a limited past damages period.
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SIFY | Hot Stocks08:22 EDT Sify Technologies receives NASDAQ notification regarding minimum bid price - Sify Technologies received a letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that, based upon the closing bid price of the Company's American Depositary Shares for the last 31 consecutive business days, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2).
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VRSSF | Hot Stocks08:21 EDT VERSES AI announces approval of spatial web standards - VERSES AI announces that the Institute of Electrical and Electronics Engineers Standards Association P2874 working group voting members have approved the Spatial Web standards: Hyperspace Modeling Language and Hyperspace Transaction Protocol. "We are honored that the IEEE working group members have approved HSML and HSTP as the global standards for AI, IoT and robotic interoperability and governance. The approval positions these new standards to potentially become as ubiquitous as HTTP, WiFi, or Bluetooth protocols that enable interoperability between billions of devices and systems," said Gabriel Rene, CEO of VERSES. "Industry and governments want to safely drive the proliferation of AI and autonomous technologies and we believe that the Spatial Web standards pave the road for both safer and faster market adoption."
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SPGC | Hot Stocks08:21 EDT Sacks Parente Golf announces 1-for-10 reverse stock split - Sacks Parente Golf Company announces that its board of directors has approved a 1-for-10 reverse stock split of the Company's common stock.
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MDAI | Hot Stocks08:20 EDT Spectral AI announces total U.S, international portfolio has 26 granted patents - Spectral AI announced a 30% increase in its patent portfolio that strengthens and protects its proprietary, AI-driven DeepView System wound assessment platform. Total patents granted to the Company increased to 26 through July 8, 2024 from 20 at December 31, 2023, consisting of 12 U.S. and 14 international patents. These patents cover various aspects of the Company's DeepView System platform. The Company continues to protect its data and processes with an additional 38 pending patent applications worldwide, consisting of seven pending U.S. patents and 31 pending international patents. The patents encompass nine distinct patent families.
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PMEC | Hot Stocks08:19 EDT Primech Holdings reports contracted revenues of $144.4M as of March 31 - As of March 31, 2024, contracted revenues were approximately $144.4 million. The following table provides a breakdown of the value of our contracted revenues which we estimate to fulfil in FY 2025, FY 2026 and FY 2027 onwards, subject to cancellations or other contractual changes which are not presently foreseeable.
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ANVS | Hot Stocks08:19 EDT Annovis Bio secures U.S. patent for treatment of acute TBI with buntanetap - Annovis Bio announced the issuance of a U.S. patent for methods of treating acute traumatic brain injuries, TBI, with its lead drug candidate, buntanetap. "We are thrilled to achieve this significant milestone for buntanetap," said Maria Maccecchini, Ph.D., Founder, President, and CEO of Annovis. "Nerve cell death is a common underlying factor in many brain conditions, beyond just Alzheimer's and Parkinson's. Our preclinical studies in TBI and stroke animal models have demonstrated buntanetap's efficacy in preventing cell death and loss of function, and it is our duty to explore its potential benefits for victims of brain trauma, a prevalent issue in the U.S."
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MGRX | Hot Stocks08:18 EDT MangoRx initiates efficacy studies on patented respiratory illness prevention - Mangoceuticals announces the initiation of efficacy studies on its patented respiratory illness prevention technology in collaboration with Vipragen Biosciences and IntraMont Technologies. Notably, these trials have been pre-funded, ensuring that the Company does not need to raise any additional capital for the completion of these studies, which are anticipated to be concluded in the earlier part of the 3rd quarter. The recently acquired patented technology by MangoRx is designed to reduce the incidence of respiratory illnesses, including, but not limited to, H1N1 variants, Avian Flu, the common cold, Coronavirus and others. The studies are set to commence within the next few weeks with results anticipated to be concluded in the earlier part of the 3rd quarter. These include animal studies to quantify the prophylactic performance of the technology against select viruses and viral strains. The composition being tested contains a very select tannin and zinc gluconate as its primary active ingredients.
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MOBQ | Hot Stocks08:17 EDT Mobiquity Technologies expands partnership with AdFuel - Mobiquity Technologies announces the expansion of its strategic partnership with Adfuel Inc. This collaboration aims to enhance the digital presence of local businesses by leveraging Adfuel's expertise in digital marketing and Mobiquity's advanced data solutions and technology.
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AMSC | Hot Stocks08:15 EDT AMSC receives wind turbine electrical control system follow-on order - AMSC has received an order worth over $12 million for its 3 megawatt class wind turbine electrical control systems from Inox Wind Limited. AMSC expects to ship most of these ECS over the course of fiscal year 2024. Under the terms of the existing exclusive license agreement for AMSC's 3 MW class wind turbine design in India between AMSC and Inox, Inox has agreed that AMSC will be the exclusive supplier of ECS for Inox's 3 MW class wind turbine. AMSC's 3 MW class wind turbine design is type certified according to GL2010 onshore guidelines. AMSC's 3 MW class wind turbine may operate up to 3.3 MW under certain grid conditions and certain ambient temperature conditions.
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CPRX | Hot Stocks08:15 EDT Catalyst Pharmaceuticals enters exclusive agreement with Kye Pharmaceuticals - Catalyst Pharmaceuticals announced that it has entered into a License, Supply, and Commercialization Agreement with Kye Pharmaceuticals granting Kye the exclusive Canadian commercial rights to AGAMREE, a novel corticosteroid for the treatment of Duchenne Muscular Dystrophy, DMD, and potentially other indications. Under the terms of the agreement, Catalyst will supply the product to Kye, which will assume full responsibility for obtaining regulatory approval for AGAMREE for the treatment of DMD from Health Canada and all future aspects of commercialization of the product within Canada. Kye currently markets FIRDAPSE, Catalyst's flagship product for the treatment of Lambert Eaton myasthenic syndrome, in Canada.
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NVGS | Hot Stocks08:14 EDT Navigator, Bumi Armada, Bluestreak entered MoU with Uniper - Navigator Holdings and Bumi Armada Berhad announced that Bluestreak CO2 Limited, the 50/50 joint venture relating to the previously announced non-binding memorandum of understanding, MoU, between Navigator Gas and Bumi Armada, has entered into a memorandum of understanding with international energy company, Uniper Limited, to help meet the UK Government's aim of decarbonising the power sector by 2030. Pursuant to the MoU, the parties have agreed to collaborate to explore the feasibility of implementing a jetty-moored floating liquid CO2 storage facility and liquid CO2 carrier solution, for the export of CO2 from Uniper's proposed Grain Carbon Capture project on the Isle of Grain, United Kingdom.
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SLNH | Hot Stocks08:13 EDT Soluna closes $30M funding from Spring Lane Capital for Project Dorothy 2 - Soluna Holdings announced it has closed its latest round of financing from Spring Lane Capital for a 48 MW expansion of Soluna's flagship behind-the-meter data center, Project Dorothy, facility. SLC, a private equity firm providing hybrid project capital for sustainability solutions, has agreed to lead the financing round of $30 million. propels our mission to scale our operational assets under management. Project Dorothy, our premier Bitcoin Hosting site, will double in size through this partnership with SLC. We look forward to working with the industry's top Bitcoin miners to deliver sustainable hosting and best in class services." ..."We are excited about Soluna's continued momentum over the last two years and, in particular, Project Dorothy 2's progress. The expansion comes at a time when solutions for the Texas electricity grid are gravely needed while simultaneously we are at an inflection point with AI and its effect on climate," said Robert Day, Co-founding Partner at Spring Lane Capital. "We believe the success of Soluna's model reflects the first truly positive solution when it comes to AI, computing and climate and we are proud to continue to support their breakthrough developments in the green data center sector."
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AMIX | Hot Stocks08:12 EDT Autonomix completes licensing transaction for FDA-cleared ablation technology - Autonomix Medical announced it has completed its previously announced transaction with RF Innovations, a privately held medical technology company, to license the intellectual property to its Apex 6 Radiofrequency Generator. The transaction, for 250,000 shares of common stock, grants Autonomix a perpetual non-exclusive worldwide and royalty-free license of the Apex 6 Generator intellectual property, as well as enhances the Autonomix supply chain with RF Innovations' experienced manufacturing partner. The Apex 6 Generator is an FDA-cleared ablation technology designed to lesion neural tissue for pain management in the peripheral nervous system and will be a component of the sensing and ablation system submitted to gain FDA clearance for Autonomix's technology.
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DUOT | Hot Stocks08:11 EDT Duos Technologies Group secures $2.2M funding for EDC production - Duos Technologies Group has secured sufficient funding for the production of its first three EDCs. Duos Edge AI entered into secured promissory notes for a total of $2.2 million with two institutional investors in the Company. The funding will be used for the construction, deployment and initial operations of EDCs in remote districts, including for schools, government, and health facilities. The first EDC is expected to be in full production by late October, with the second and third units following closely and expected to be in production by November. As disclosed in a recent 8-K, the deal is for $2.2 million in debt, maturing at the end of 2025. The notes carry an interest charge of 10% per annum and there are no payments in the interim. Duos Edge AI will reserve funds from revenues generated on these units for repayment purposes and the Company will hold any receipts from its ATM facility to ensure that notes are repaid on time. Duos will continue to support operations for Duos Edge AI and is currently reviewing potential ongoing debt funding proposals from other lenders as the subsidiary continues to expand.
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CRL | Hot Stocks08:11 EDT Charles River, Autobahn Labs enter drug discovery collaboration - Charles River and Autobahn Labs, a Samsara BioCapital-backed virtual accelerator for academic biotech, announced a collaborative relationship that establishes Charles River as the preferred research partner to support Autobahn's pipeline of early-stage, preclinical therapeutics' programs. This agreement will grant Autobahn preferred access to Charles River's drug discovery and development capabilities. Under the terms of the agreement, Charles River has made an investment in Autobahn Labs, joining a fundraising round led by Autobahn's founding investor, Samsara BioCapital. Proceeds from the raise and partnership with Charles River will enable Autobahn to expand the number of partnerships with academic institutions, advance lead preclinical programs, and identify new opportunities for therapeutics development. In conjunction with the funding, Justin Bryans, chief scientific officer, Discovery for Charles River, has joined Autobahn's board of directors.
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IMXI WU | Hot Stocks08:11 EDT Intermex welcomes two new senior leaders to its team - International Money Express (IMXI) announces the addition of two new senior leaders to its team. These strategic hires underscore Intermex's commitment to growth, innovation, and exceptional service in the remittance industry. Intermex announces that Chris Kawula has joined the Company as the new Executive Vice President, Head of Sales. Chris brings extensive leadership experience, most notably from his role as Senior Vice President, Sales and Account Management at Western Union (WU). Intermex also welcomes Cheyenne Moore as the new Director of Inside Sales.
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APLD | Hot Stocks08:10 EDT Applied Digital appoints Tom Burke as CRO - Applied Digital Corporation announced the appointment of Tom Burke as its Chief Revenue Officer. In his new role, Burke will be responsible for overseeing revenue-generating functions for the Company's business, such as sales and customer success, and developing and executing global sales strategies. Burke will coordinate cross-functional alignment across sales, marketing, and growth offices to support revenue growth and client acquisition. He will also establish a client success organization for existing and new clients. Working closely with the Company's CFO, he will be responsible for revenue projections and investment planning, leveraging his extensive experience in global sales strategies and AI initiatives to support Applied Digital's growth objectives. Burke's career includes serving as Vice President & Head of Global Sales for IBM Data & AI.
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HUM WMT | Hot Stocks08:09 EDT CenterWell plans to open 23 senior primary care centers at certain Walmarts - CenterWell, the health care services business of Humana (HUM) announced plans to lease clinical space and open senior-focused primary care centers at 23 Walmart (WMT) Supercenter retail stores in Florida, Georgia, Missouri and Texas. The centers will operate under the CenterWell Senior Primary Care and Conviva Care Centers brand names and will provide seniors in these communities with greater access to primary care services designed specifically for older adults. The new centers will be conveniently located next to Walmart stores in clinical office space that was formerly occupied by Walmart Health. CenterWell expects the centers to be equipped, staffed and opened no later than the first half of 2025. Financial terms of the agreement were not disclosed. "CenterWell is committed to providing seniors with high quality health care that is accessible, comprehensive, and most of all, personalized. We are excited by the unique opportunity to lease space from a world-class community partner such as Walmart and offer seniors in these four states greater access to our integrated approach to care," said Sanjay Shetty, M.D., president of CenterWell. "These nearly two dozen primary care centers are specifically designed for seniors, and each location's design, including dedicated entrances and easy parking, offers patients the access that they have come to expect at our clinics across the nation. We are eager to expand on our mission to help patients lead happier, healthier lives."
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FLEX | Hot Stocks08:09 EDT Flex CFO Paul Lundstrom stepping down, Jaime Martinez named Interim CFO - Flex CFO Paul Lundstrom will step down effective July 31 to pursue an opportunity outside of Flex. At that time, Jaime Martinez will assume the role of Interim CFO. Martinez has over 20 years of experience with Flex, and has held various finance leadership roles, including financial planning and analysis, commercial, and operations. Flex has initiated an executive search process to identify a permanent CFO. Lundstrom has agreed to assist in the orderly transition of his CFO responsibilities to Martinez along with the Finance leadership team.
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LUXH | Hot Stocks08:08 EDT LuxUrban Hotels provides update on its go to market revenue strategies - LuxUrban Hotels provided the following update. In early June 2024, LuxUrban changed its "go to market revenue management strategies" which is producing favorable results. The points presented reflect these favorable results on a same store sales basis. 2024 Q3 RevPAR Projections showing 3% year over year growth based on an 11% ADR lift; 2024 Q4 RevPAR Projections showing 15% year over year growth based on a 17% ADR lift. Rob Arigo, CEO of LuxUrban, stated, "The new revenue management team is just scratching the surface of the potential growth for our hotels."
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UBX | Hot Stocks08:08 EDT Unity Biotechnology reports granting of employment inducement award - UNITY Biotechnology announced that the Compensation Committee of the Board of Directors granted a stock-based award to a new employee, the company's chief strategy officer, effective as of July 22, 2024, covering an aggregate of 115,000 shares of UNITY common stock, including options to purchase an aggregate of 100,000 shares of UNITY common stock and 15,000 Restricted Stock Units of UNITY common stock. The stock-based awards were granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4).
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RARE | Hot Stocks08:07 EDT Ultragenyx to present GTX-102 Angelman syndrome program update - Ultragenyx Pharmaceutical will share the latest clinical data, regulatory progress and program next steps for GTX-102, its investigational antisense oligonucleotide for Angelman syndrome, on Wednesday, July 24, at the 2024 Angelman Syndrome Foundation Family Conference and Research Symposium in Sandusky, Ohio. The ASF data presentation will review the previously disclosed Phase 1/2 results presented at AAN and an update on plans to initiate a Phase 3 pivotal trial by the end of the year.
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OST | Hot Stocks08:07 EDT Ostin receives additional 180 day extension to regain compliance with Nasdaq - Ostin Technology Group announced that on July 18, 2024, it received a notification letter from The Nasdaq Stock Market that the Company has been granted an additional 180-day compliance period, or until January 13, 2025 to regain compliance with the Nasdaq's minimum $1.00 bid price requirement.
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FLYE | Hot Stocks08:06 EDT Fly-E Group to launch three new electric motorcycle models - Fly-E Group announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for official unveiling and launch in New York at the end of October 2024. Zhou Ou, Chairman and Chief Executive Officer of Fly-E, remarked, "We are incredibly excited to unveil our three new products. These are not just motorcycles; they represent lifestyle choices for modern users wanting to express their personality. Our team is dedicated to innovation, investing substantial time and resources into their design and R&D. Our goal is to create high-performance electric motorcycles with distinctive designs and premium features."
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RUN... | Hot Stocks08:06 EDT Sunrun launches vehicle-to-home power plant in Maryland - Sunrun (RUN) is now operating the nation's first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland's largest utility, Baltimore Gas and Electric Company, a subsidiary of Exelon Corporation (EXC), the regulator-approved initiative utilizes all-electric Ford (F) F-150 Lightning trucks to deliver power to owners' homes this summer during peak demand times to support Maryland's power grid. The program includes three Sunrun customers in BGE's service territory who own an F-150 Lightning paired with Ford Charge Station Pro and Home Integration System, which is sold exclusively through Sunrun. This program is the first operational bidirectional electric vehicle power plant in the United States that uses a cohort of customer vehicles.
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APH | Hot Stocks08:05 EDT Amphenol increases quarterly dividend 50% to 16.5c per share - Amphenol's board of directors approved a 50% increase in the company's quarterly dividend, from 11c per share to 16.5c per share. The new dividend amount will be paid on October 9 to shareholders of record as of September 17.
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NVEE | Hot Stocks08:05 EDT NV5 Global awarded $10M in NCDOT contracts - NV5 Global announced that it has been awarded $10 million in contracts by the North Carolina Department of Transportation, NCDOT, to advance key infrastructure projects throughout the state. NV5 was awarded a five-year, $4 million contract for the NCDOT Rail Division's Raleigh to Richmond Roadway Design project. NV5 will deliver roadway and drainage design, utility coordination, and cost estimating services. The NCDOT Western Region selected NV5 for a two-year, $4 million contract to support transportation infrastructure development, project plan reviews, and technical report creation. NV5 was also awarded a two-year, $2 million contract to support the NCDOT Comprehensive Environmental Analysis Unit.
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DXR | Hot Stocks08:04 EDT Daxor awarded $550K matching-fund extension from U.S. DHA - Daxor Corporation announces that Daxor has received a $550K matching-fund extension from the U.S. Defense Health Agency to its Phase II SBIR contract. This additional funding will support adding hematocrit measurement to a future generation blood volume analyzer. The upgrade eliminates the need for hematocrit testing from third-party devices to perform the BVA test.
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GXAI | Hot Stocks08:04 EDT Gaxos.AI announces partnerships with leading testing laboratories - Gaxos.ai announced that Gaxos Health has finalized partnerships with premier testing laboratories. "As we move closer to commercial launch, we are incredibly excited about these partnerships, which represent a significant step forward in our ability to offer highly personalized health and wellness solutions," said Vadim Mats, CEO of Gaxos. "By combining our innovative approach with the exceptional capabilities of our testing laboratory partners, we are set to transform the health and wellness experience for our clients, delivering results that truly make a difference." These partnerships mark a pivotal milestone in Gaxos Health's mission to optimize human performance by providing customized health and wellness plans as well as coaching through science and technology.
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BA RYAAY | Hot Stocks08:04 EDT Boeing provides digital flight operations solution for Ryanair - Boeing (BA) and Ryanair (RYAAY) are elevating efficiency across Ryanair's fleet of primarily 737s with the addition of Boeing's Jeppesen FliteDeck Pro 5.0 electronic flight bag solution. This strategic multi-year agreement, providing support for the carrier's Next-Generation 737 and 737 MAX fleet, underscores Ryanair's dedication to continuous improvement and innovation in airline operations. FliteDeck Pro will provide Ryanair with tailored route information and the latest technology, including Smart Airport Maps to optimize taxi routes, reduce fuel consumption and improve ground safety. As a platform-agnostic EFB solution, FliteDeck Pro provides airport moving maps, customer-inserted content and tailored maps.
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SMXT | Hot Stocks08:03 EDT SolarMax plans to offer EPC services in the United States - SolarMax Technology announced that it plans to offer engineering, procurement and construction services, known as EPC services, for large scale solar systems in the United States, which would include both solar power and EV charging stations. As the initial step in this business plan, SolarMax has signed a non-binding memorandum of understanding for its first major commercial solar installation project in the United States. This proposed project, to be located in Las Vegas, marks a potentially significant milestone in SolarMax' strategy to offer large scale EPC services in the U.S. EPC services encompass the comprehensive management of a solar project from the initial feasibility studies and design through procurement and construction.
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GNS | Hot Stocks08:03 EDT Genius Group appoints Riaz Shah to board of directors - Genius Group announced the appointment of global learning leader Mr. Riaz Shah, OBE to its Board of Directors. Mr. Shah is Professor of Practice for Innovation & Leadership at Hult International Business School, where he leads sessions with senior executives, focusing on global megatrends, digital disruption and innovation.
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RCM | Hot Stocks08:03 EDT R1 RCM Special Committee sets final bid deadline of July 31 - The Special Committee of the R1 RCM Board of Directors, which comprises independent directors and was formed to evaluate strategic alternatives in response to the Schedule 13D/A filed by New Mountain Capital with the Securities and Exchange Commission on February 26, 2024, announced it has set a final deadline for interested parties to submit fully-financed bids on July 31, 2024 in connection with its review process.
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RTX EADSY | Hot Stocks08:02 EDT RTX's Pratt & Whitney GTF engines to power 11 Airbus A220 for Air Niugini - Pratt & Whitney, an RTX (RTX) business, and Air Niugini have finalized engine and aftermarket agreements for the GTF engines that will power the airline's fleet of 11 Airbus (EADSY) A220 aircraft. Pratt & Whitney will provide a full suite of support services with a 12-year EngineWise Comprehensive agreement. With this order, Air Niugini becomes a first-time GTF customer.
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BWMN | Hot Stocks08:01 EDT Bowman Consulting installs public EV charging stations at Burlington, VT, office - Bowman Consulting Group has completed the installation and activation of its first company-owned, stand-alone electric vehicle EV charging stations at its Burlington, VT-area office. The two EV ChargePoint stations are now available for public, client, corporate fleet and employee use, marking a milestone in Bowman's commitment to sustainability and environmental impact. The installation is representative of Bowman's two-pronged strategic initiative to expand its portfolio of sustainability-focused services and positively affect its own environmental impact. The EV charging stations leveraged funding from the State of Vermont Electric Vehicle Supply Equipment EVSE Grant Program supported by the Vermont Department of Housing and Community Development DHCD . The project was originally initiated by Trudell Consulting Engineers, a company acquired by Bowman in January 2024, and completed as Bowman post-closing. Over the past two years, Bowman has been introducing electric vehicles to its national fleet based on mission alignment and availability of infrastructure. "Installing this EV charging system at our Burlington office is a significant achievement for Bowman and a next step in our deliberate and long-term commitment to sustainability and environmental services," said Gary Bowman, chairman and chief executive officer at Bowman. "This installation offers a valuable benefit to our employees, clients and the community. We look forward to executing more projects like this one for our customers, and for ourselves."
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VRPX | Hot Stocks07:56 EDT Virpax Pharmaceuticals regains compliance with Nasdaqminimum bid price - Virpax announced that it has received formal notice from the Listing Qualifications staff of The Nasdaq Stock Market indicating that Virpax has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
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SYRA | Hot Stocks07:56 EDT Syra Health wins $5.8M contract to train Indiana health workers - Syra Health has been awarded a $5.8M contract to train professionals who deliver health care to Indiana residents at home or in a community-based setting under the purview of the Indiana Family and Social Services Administration. Syra Health has been selected to begin negotiating the contract which runs for four years with two additional one-year renewal options.
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BXMT | Hot Stocks07:55 EDT Blackstone Mortgage reduces dividend to 47c from 62c per share - Katie Keenan, Chief Executive Officer, said, "We believe stockholder return is well served by balancing current return with optimization of book value and long-term earnings potential through our strategic capital allocation decisions. We assess the dividend with the Board each quarter, prudently considering a variety of factors, and our Board has declared a third quarter dividend of 47c per share, which we believe reflects a sustainable level relative to long-term earnings power. With strong liquidity, accelerating repayments, and an emerging investment pipeline, BXMT is well positioned to deploy capital accretively in this environment and continue its forward trajectory through the cycle."In addition, BXMT declared a dividend of 47c per share of class A common stock with respect to the third quarter of 2024. This dividend is payable on October 15, to stockholders of record as of September 30.
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ACNB | Hot Stocks07:49 EDT ACNB Corp. enters merger agreement with Traditions Bancorp - ACNB Corporation and Traditions Bancorp announced the execution of a definitive merger agreement whereby ACNB will acquire Traditions and Traditions Bank in an all-stock transaction. This strategic acquisition will result in a premier community bank that is locally headquartered, managed, and focused. Traditions Bank operates eight bank branch locations spanning York and Lancaster counties, a loan production office in Cumberland County, and an operations center located at 226 Pauline Drive, York, PA. Established in 2002, Traditions Bank is a full-service community bank serving businesses, individuals, and community organizations. As of June 30, 2024, Traditions had total assets of $859 million, total deposits of $738 million, and total loans of $673 million. Upon the consummation of the strategic acquisition, ACNB Bank will operate former Traditions Bank locations in the York and Lancaster County markets as "Traditions Bank, A Division of ACNB Bank." The current Traditions Bank administrative headquarters on Pauline Drive will continue to serve as a regional sales and operations center. Pursuant to the terms of the Definitive Agreement, Traditions shareholders will receive 0.7300 shares of ACNB common stock for each share of Traditions common stock that they own as of the closing date. Based on the 20-day Volume Weighted Average Price of ACNB common stock as of July 19, 2024, the transaction is valued at $73.5 million or $26.43 per share of common stock. Following completion of the transaction, Traditions shareholders will receive a quarterly cash dividend equal to approximately $0.23 per Traditions share of common stock based on ACNB's current quarterly dividend of $0.32 per ACNB share of common stock. This dividend is approximately 192% higher than Tradition's current quarterly dividend of $0.08 per Traditions share of common stock. The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes. The transaction has been unanimously approved by the boards of directors of both companies. It is subject to Traditions shareholder approval, ACNB shareholder approval of the shares to be issued in this transaction, regulatory approvals, and other customary closing conditions. The Definitive Agreement contains customary "deal protection" provisions including a "termination fee" payable to ACNB upon certain events delineated in the definitive agreement in an amount equal to approximately four percent (4%) of the transaction value. Currently, the transaction is expected to close in the first quarter of 2025, after all such conditions provided in the definitive agreement have been met or, where permissible, waived. Two Traditions branch locations, 235 St. Charles Way, York, PA 17402 and 361 Eisenhower Drive, Hanover, PA 17731 and an ACNB loan production office, 1601 South Queen Street, York, PA, 17403 are currently anticipated to be consolidated to the nearest ACNB or Traditions Bank location at a date to be determined following completion of the strategic acquisition. Based on the financial results as of June 30, 2024, the combined company would have pro forma total assets of $3.3 billion, total deposits of $2.6 billion, and total gross loans of $2.4 billion. Once the acquisition and consolidation are complete, ACNB will have 32 community banking offices in Pennsylvania and Maryland, offering a full range of integrated financial services including banking, trust, retail brokerage, insurance and expanded mortgage products and services.
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J | Hot Stocks07:46 EDT Jacobs awarded contract from FBI - Jacobs was awarded the competitive Federal Bureau of Investigation Information Technology Supplies and Support Services 2nd Generation Blanket Purchase Agreement. This agreement, which will also be available to the broader Department of Justice, provides critical IT support to the FBI. The contract highlights Jacobs' nearly two-decade-long collaboration with the FBI, emphasizing its role as a reliable provider of innovative IT solutions. The FBI expects the ITSSS-2, its primary agreement for essential IT services over the next eight years, to come with an $8B total ceiling contract value and flexible options. This agreement underscores Jacobs' dedication to bolstering the FBI's mission-critical operations. Under the multiple-award, indefinite-delivery/indefinite-quantity contract, Jacobs will deliver crucial IT solutions in seven key areas: workplace services, business applications, delivery services, platform services, infrastructure services, emerging technologies and other IT services.
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EBS | Hot Stocks07:35 EDT Emergent BioSolutions launches opioid emergency prepardness campaign - Emergent BioSolutions announced the launch of a new opioid emergency awareness public education campaign to prepare people across the country to help save a life with the 'Lay, Spray, Stay' method. Sponsored by Emergent and created in partnership with SAFE Project, a national nonprofit combating substance use, overdoses and addiction, the campaign stars Pro Football Hall of Famer, Emmitt Smith, in a series of public awareness video and radio segments. The effort supports Emergent's national Ready to Rescue initiative, which breaks down the stigma associated with accidental opioid poisonings and informs Americans on the availability and use of NARCAN Nasal Spray to help save a life.
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SKYE | Hot Stocks07:34 EDT Beacon Biosignals announces strategic collaboration with Skye Bioscience - Beacon Biosignals announced a strategic collaboration with Skye Bioscience to enhance its upcoming CBEYOND Phase 2 clinical trial of Nimacimab. This partnership will incorporate sleep quality and sleep apnea endpoints via the Beacon Platform and the FDA 510(k)-cleared Dreem 3S EEG device to better understand the comprehensive impact of Nimacimab on patients with obesity. "We are thrilled to collaborate with Skye Bioscience to bring our expertise in sleep monitoring and analysis to this important clinical trial," said Jacob Donoghue, MD, PhD, CEO of Beacon Biosignals. "Our FDA-cleared Dreem 3S EEG headband and AI-powered analytics platform will enable the collection of clinically-validated sleep assessments from patients in their own homes. This will provide valuable insights into how Nimacimab may improve sleep quality and reduce sleep apnea, conditions often comorbid with obesity and cardiometabolic disease."
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EMLD | Hot Stocks07:34 EDT Fold to become public through FTAC Emerald Acquisition combination - Fold and FTAC Emerald Acquisition announced that they have entered into a definitive agreement providing for a proposed business combination that will result in Fold becoming a publicly-listed company. Upon the closing of the proposed transaction, the combined company intends to remain listed on Nasdaq under a new ticker symbol to be announced at a later date. Founded in 2019, Fold is the premier gateway for bitcoin financial services in the United States. It is anticipated that post-transaction Fold will have more than 1,000 BTC on its consolidated balance sheet. Fold expects to use the proceeds to accelerate the growth of Fold's operations and treasury. Existing Fold stockholders will be subject to a six-month lock-up, subject to earlier release if the combined company's stock price exceeds $12.00 per share for 20 trading days of any consecutive 30 trading day period ending on a date that is at least 90 days following the closing. Upon the closing of the transaction, legacy Fold stockholders are expected to own approximately 71% of the combined company's outstanding shares. The transaction, which has been unanimously approved by the boards of directors of both FTAC Emerald and Fold, is expected to close in the fourth quarter of 2024, subject to regulatory approvals, approval of the proposed transaction by the stockholders of FTAC Emerald, and the satisfaction or waiver of other customary closing conditions, including a registration statement on Form S-4 being declared effective by the Securities and Exchange Commission. Following the closing of the proposed transaction, Fold's management team, led by Reeves, will continue to operate and manage Fold. Upon completion of the transaction, Fold director Reeves will be joined on the combined company's board of directors by Brace Young and FTAC Emerald Director Andrew Hohns, along with Jonathan Kirkwood of Ten31.
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SUMXF | Hot Stocks07:34 EDT SupremeX to cease production at Niagra Falls facility, close Concord facility - Supremex announced optimization initiative aimed at improving costs, overall efficiency, productivity and achieving synergies within its Envelope segment operations. These initiatives are expected to result in annual cost savings in excess of $2M once all measures are implemented, primarily from the reduction of rent and other fixed costs, and modest productivity improvements. First, the Company is ceasing production at its very small facility in Niagara Falls, New York, effective immediately and maintaining the premises as a distribution centre. Additionally, Supremex will close its facility in Concord, Ontario, as its lease expires in February 2025 and will transfer the location's most efficient production equipment, primarily to its other Greater Toronto area envelope plants in Mississauga and Etobicoke over the coming months. These measures will not result in significant headcount reduction as the vast majority of employees will be relocated within the Company's existing operations. Related to these moves, Supremex will record restructuring charges of approximately $2.7M before taxes for a period extending from the third quarter of 2024 through the first quarter of 2025.
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NEP | Hot Stocks07:34 EDT NextEra Energy Partners sees 5%-8% annual distribution growth - From a base of its fourth-quarter 2023 distribution per common unit at an annualized rate of $3.52, NextEra Energy Partners continues to see 5% to 8% growth per year in limited partner distributions per unit, with a current target of 6% growth per year, as being a reasonable range of expectations through at least 2026. The partnership does not expect to need an acquisition in 2024 to achieve its 6% limited partner distribution growth target. The partnership expects the annualized rate of the fourth-quarter 2024 distribution that is payable in February 2025 to be $3.73 per common unit.
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NTBL | Hot Stocks07:33 EDT Notable Labs receives FDA clearance to proceed further with volasertib study - Notable Labs announced progress for the Phase 2 volasertib program following receipt of "Clearance to Proceed" from the FDA and agreement on the dosing plan for its Phase 2 clinical trial. With trial start-up activities launched in the first quarter of this year, Notable intends to initiate enrollment in the Phase 2 study for PMP-enabled development of volasertib for relapsed refractory acute myeloid leukemia, AML, in the coming months. The Phase 2 study will begin with a dose optimization lead-in and incorporate body-surface area (BSA) dosing, prophylactic antibiotic treatment and best supportive care. The second part of the study is planned to enroll patients with R/R AML who are PMP-predicted responders. The Company is working towards initiating dosing of the first subjects in the Phase 2 trial. Based on our plan, Notable expects to have initial data from the dose optimization lead-in during the fourth quarter of 2024, initiate selective enrollment of PMP-predicted responders after that, and start to report initial efficacy results during H1 2025.
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CRWD | Hot Stocks07:27 EDT Crowdstrike says 'undetected error' in rapid response content caused outage - Crowdstrike released its preliminary post incident review of last week's global IT outage. The company said in part, "CrowdStrike delivers security content configuration updates to our sensors in two ways: Sensor Content that is shipped with our sensor directly, and Rapid Response Content that is designed to respond to the changing threat landscape at operational speed. The issue on Friday involved a Rapid Response Content update with an undetected error...The event of Friday, July 19, 2024 was not triggered by Sensor Content, which is only delivered with the release of an updated Falcon sensor. Customers have complete control over the deployment of the sensor - which includes Sensor Content and Template Types...The channel file responsible for system crashes on Friday, July 19, 2024 beginning at 04:09 UTC was identified and deprecated on operational systems. When deprecation occurs, a new file is deployed, but the old file can remain in the sensor's directory. Out of an abundance of caution, and to prevent Windows systems from further disruption, the impacted version of the channel file was added to Falcon's known-bad list in the CrowdStrike Cloud. No sensor updates, new channel files, or code was deployed from the CrowdStrike Cloud." Reference Link
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IREN | Hot Stocks07:25 EDT Iris Energy increases Childress power capacity from 600 MW to 750 MW - IREN announce it has secured an additional 150MW of immediately available power capacity at its Childress site. This increase follows the approval of network studies by ERCOT and execution of an amended connection agreement with AEP. This increases the Company's total secured grid-connected power capacity to 2,310MW. 2024: 910MW immediately available power; 510MW of data centers planned in 2024; 910MW of data centers planned in 2025. 2026: 1,400MW West Texas site on schedule; Data center planning underway. 2027-2030: greater than1GW of additional development pipeline.
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SGNLF | Hot Stocks07:21 EDT Signal Gold announces assay results from drilling program at Goldboro - Signal Gold announced initial assay results from its exploration drilling program at the western extension of the Goldboro Deposit, which represents exciting growth potential at the Goldboro Project in Nova Scotia. The diamond drill program, which is now complete, comprises 5,179 metres of diamond drilling over 26 drill holes, and was designed to extend near-surface mineral resources immediately west of the existing Goldboro Deposit. Geological modelling of the gold mineralization discovered in 2023 indicates the potential to delineate additional open-pit Mineral Resources and the potential for further gold discoveries. The assay results from the first four drill holes of the program have intersected multiple, high-grade zones of gold mineralization along with 41 occurrences of visible gold. Assays are pending for all samples collected from drill holes BR-24-444 to -465 and will be reported as they become available. Selected composited highlights from drilling completed to date include: 21.27 g/t gold over 5.0 metres in drill hole BR-24-441, including 187.13 g/t gold over 0.5 metres and 13.13 g/t gold over 0.5 metres; 23.37 g/t gold over 1.3 metres in drill hole BR-24-441; 4.32 g/t gold over 1.9 metres in drill hole BR-24-441, including 13.62 g/t gold over 0.5 metres; 6.46 g/t gold over 0.5 metres in drill hole BR-24-441; 10.12 g/t gold over 0.5 metres in drill hole BR-24-440; and 3.20 g/t gold over 0.6 metres in drill hole BR-24-442. "We are very pleased with the initial high-grade assays from our recently completed drilling program at the western extension of the Goldboro Deposit. The multiple gold intercepts from this program continue to support the extension of the Goldboro Deposit to the west of the current resource. This drilling is critical in following up on our work from 2023 that discovered continuous gold mineralization to the west, extending the strike length of known gold mineralization to 3.4 kilometres. Based on our geological modelling, we believe there exists the strong potential to both develop an open-pit mineral resource and further expand the known gold mineralization," said Kevin Bullock, President and CEO, Signal Gold Inc.
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SILA | Hot Stocks07:20 EDT Sila Realty Trust reports final results from 'Dutch Auction' tender offer - Sila Realty Trust announced the final results of its modified "Dutch Auction" tender offer to purchase for cash up to $50M in value of shares of the company's common stock, which expired at 5:00 p.m., New York City time, on July 19, 2024. Based on the final count by Computershare Trust Company, N.A., the depositary and paying agent for the Offer, 4,670,381 shares of common stock were validly tendered at the final purchase price of $22.60 per share and not properly withdrawn. In accordance with the terms and conditions of the Offer, and based on the final count by the Depositary, the company has accepted for purchase 2,212,389 shares of common stock at a purchase price of $22.60 per share, for an aggregate cost of approximately $50M, excluding fees and expenses relating to the Offer. The number of shares of common stock that the company has accepted to purchase in the Offer represents approximately 3.9% of the total number of shares of common stock outstanding as of July 19, 2024. Following payment for the shares of common stock purchased in the Offer, the Company had approximately 55M shares of common stock outstanding.
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ZTEK HSIC | Hot Stocks07:19 EDT Zentek launches national sampling program for ZenGUARD surgical masks - Zentek (ZTEK) announces that it will embark on a Canada-wide sampling program for dental professionals facilitated by Henry Schein (HSIC) that will see ZenGUARD Antimicrobial Surgical Masks included in product shipments to Henry Schein customers. In addition to offering dental practitioners and their patients a surgical mask with better protection against infectious agents, ZenGUARD Antimicrobial Surgical Masks are also proven to eliminate 99.9% of bacteria, which can collect on the skin when wearing a surgical mask for extended periods and cause acne. The Company believes this program will introduce ZenGUARD Antimicrobial Surgical Masks and this unique value proposition to nearly all Henry Schein customers across Canada.
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VWE | Hot Stocks07:18 EDT Vintage Wine Estates files for bankruptcy - Vintage Wine Estates filed a voluntary petition for reorganization under chapter 11 of title 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Over the preceding months, the company experienced negative financial headwinds that severely impacted its liquidity position. The debtors have filed a motion seeking approval of the marketing auction and sale of the company's assets. The company, as borrower, intends to enter into a debtor-in-possession financing facility pursuant to which the lenders will make available to the company a credit facility in the amount of $60.5M. The DIP Facility will be used to support the company's business during the restructuring process. The Chapter 11 filing constitutes an event of default that accelerated the company's obligations under the Loan and Security Agreement with BMO Bank. As of the petition date, the company had an aggregate of approximately $310M in outstanding loans and commitments. The company expects commercial operations to continue largely business-as-usual. The company also announced its intention to voluntarily delist its common stock and warrants from Nasdaq and deregister its common stock and warrants. The company has notified Nasdaq of its intent to voluntarily delist its common stock and warrants, and intends to file a notice on Form 25 relating to such delisting with the SEC on or about August 5. The company expects the delisting of the common stock and warrants to be effective on or about August 15 and intends to file a Certification and Notice of Termination of Registration with the SEC on or about August 15. Following delisting, the common stock and warrants may be eligible to be quoted on the Pink Open Market operated by the OTC Markets Group. The company is currently evaluating multiple preliminary indications of interest with respect to the potential sale of various of its assets. The company also completed the sale of Cosentino Winery's real property and equipment for cash proceeds of $10.5M that were used to pay down debt.
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TLRY | Hot Stocks07:17 EDT Tilray granted approval to introduce third medical cannabis product in Portugal - Tilray Brands announced another milestone achievement in medical cannabis in Europe. Following the successful approval of Tilray Medical whole flower THC 18, and approval for the first cannabis extract in Portugal earlier this year, Tilray Medical receives its second approval for a new medical cannabis extract in Portugal: Tilray Oral Solution THC10:CBD10. Denise Faltischek, Chief Strategy Officer and Head of International at Tilray Brands, Inc., said, "We are proud to have received approval for our Tilray Solucao Oral THC10:CBD10 product and expanding our medical cannabis offerings for patients in Portugal. This is a significant step towards meeting the critical needs of patient care and providing high-quality cannabis products and therapeutic options to those with specific medical conditions. The approval of this oral cannabis solution in Portugal is a testament to Tilray's global commitment to increasing safe and regulated access to medical cannabis products for patients in need."
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BOF NWVCF | Hot Stocks07:16 EDT BranchOut Food announces $3.925M CEO-led investment - BranchOut Food announced the closing of a $525,000 investment in company led by its CEO, Eric Healy, who invested $400,000, with Eagle Vision Fund LP investing $100,000, and the Company's President investing $25,000, in exchange for the issuance of 692,529 shares of common stock . In addition, the Company closed a convertible note for $3,400,000 with Kaufman Kapital. Complete details of these transactions can be found in the Company's Current Report on 8-K filed with the Securities and Exchange Commission. The capital will be used to complete the build out of the Company's large-scale production facility in Peru, including for its 3rd and 4th Radiant Energy Vacuum machines built by EnWave Corporation (NWVCF). The Company expects the new factory to be online starting in Q4 and to have approximately $40M in production capacity and estimated margins of 40-50%. BranchOut Food is currently filling orders valued at over $8M from some of the country's largest retailers but has turned down additional orders in the trailing twelve months as it awaits the new factory opening.
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VIGL | Hot Stocks07:16 EDT Vigil Neuroscience announces interim data from ongoing Phase 1 trial on VG-3927 - Vigil Neuroscience announced interim data from its ongoing Phase 1 clinical trial of VG-3927 in healthy volunteers. Collectively, the interim safety, tolerability, pharmacokinetic and pharmacodynamic profile supports continued clinical development of VG-3927 as a potential once-daily oral therapy for AD. Additionally, these data showed that VG-3927 demonstrated functional and durable target engagement. Key takeaways from the interim data include the following: Safety and tolerability profile observed in individual doses in six SAD and two MAD cohorts in the ongoing Phase 1 clinical trial supports continued clinical development of VG-3927. All adverse events were mild or moderate in severity, and all AEs resolved without intervention. No serious adverse events have been reported to date. VG-3927 demonstrated a predictable PK profile that is supportive of once-daily dosing. In the SAD and MAD cohorts, VG-3927 achieved a robust and sustained decrease of sTREM2 in the CSF. VG-3927 also showed an increase in osteopontin/secreted phosphoprotein 1, a biomarker associated with neuroprotective microglia, after repeat dosing. An effect on soluble Colony Stimulating Factor 1 Receptor, a microglial trophic factor, has not been observed to date.
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GRTS | Hot Stocks07:15 EDT Gritstone to host KOL event to discuss GRANITE cancer vaccine program - Gritstone bio will host a virtual key opinion leader event on Friday, August 2 at 9:00 AM ET featuring J. Randolph Hecht, MD, and Howard Brown who will discuss the unmet need and current treatment landscape for patients with metastatic microsatellite stable colorectal cancer. Gritstone management will also highlight the development of Gritstone's personalized neoantigen vaccine program, GRANITE, as a potential treatment for immunologically "cold" tumors including MSS-CRC. Mature progression-free survival data from a randomized Phase 2 study of GRANITE in frontline MSS-CRC are expected in the third quarter of 2024.
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EXK | Hot Stocks07:13 EDT Endeavour Silver says Terronera project made 'significant progress' in Q2 - Endeavour Silver is pleased to provide a Q2 2024 construction progress update for its Terronera Project in Jalisco state, Mexico. The Terronera project continued to make significant progress in the second quarter, as concrete and structural steel work are nearing completion on the Upper Plant Platform for areas including crushing, coarse-ore storage, grinding, flotation, and thickening. The Project remains on track for commissioning in Q4 2024 as major mechanical installations continued to advance on schedule. "Construction is well past the halfway mark, and site activities are beginning to peak," commented Don Gray, COO. "We are very pleased with the advance at the Upper Platform, which should be ready for dry commissioning in Q3 2024. We are concentrating resources on the Lower Platform to finalize earthworks and begin concrete works in early Q3. Underground mine development continues advancing in line with expectations as we accessed ore in Q2. We are extremely pleased with our Terronera team and their progress. With project completion in sight, our focus has expanded to implementing our business readiness plan as we prepare for operating Endeavour's next core asset."
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OTCM | Hot Stocks07:13 EDT OTC Markets announces real-time data distribution with uSMART collaboration - OTC Markets Group announced new data distribution capabilities in collaboration with uSMART Securities. uSMART Securities is now a distributor for OTC Markets Group's L1 and L2 real-time data and with the data being available in their mobile app for participating users. uSMART operates a financial trading platform that provides real-time stock quotes, stock trading strategies for investors, and 24-hour account service.
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MRUS | Hot Stocks07:13 EDT Merus announces first patient dosed in LiGeR-HN2 trial - Merus announced that the first patient has been dosed in the Company's phase 3 trial evaluating the efficacy and safety of petosemtamab, a Biclonics targeting EGFR and LGR5, compared to investigator's choice of single agent chemotherapy or cetuximab in previously treated patients with recurrent/metastatic head and neck squamous cell carcinoma, r/m HNSCC, referred to as the LiGeR-HN2 trial. Merus has confirmed through feedback with the U.S. Food and Drug Administration, FDA, that petosemtamab 1500 mg every two weeks is appropriate for further development in HNSCC as monotherapy, and in combination with pembrolizumab. "With petosemtamab's strong clinical data in HNSCC and alignment with the FDA on dose, we are excited to have treated our first patient in the 2/3L phase 3 trial," said Fabian Zohren, M.D., Ph.D., Chief Medical Officer of Merus. "We believe petosemtamab has the potential to become the new standard of care across r/m HNSCC."
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BXMT | Hot Stocks07:12 EDT Blackstone Mortgage announces $150M share repurchase program - BXMT also announced that its Board of Directors has authorized a share repurchase program for up to $150M of the Company's class A common stock
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TLSA | Hot Stocks07:11 EDT Tiziana Life Sciences granted FDA Fast Track Designation for foralumab - Tiziana Life Sciences announced the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for its intranasal formulation of foralumab, a fully human anti-CD3 monoclonal antibody, for the treatment of non-active Secondary Progressive Multiple Sclerosis. The Fast Track designation is a significant milestone for Tiziana Life Sciences, providing an expedited review process and increased interaction with the FDA. This designation is intended to facilitate the development of and expedite the review of drugs that treat serious conditions and fill an unmet medical need. "We are thrilled to receive Fast Track designation from the FDA for intranasal foralumab for the treatment of Multiple Sclerosis," said Gabriele Cerrone, Chairman, acting CEO and founder of Tiziana Life Sciences. "This designation underscores the potential of foralumab to address critical unmet needs in the treatment of neurodegenerative diseases. We are committed to advancing this promising therapy as quickly as possible to benefit patients."
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BXMT | Hot Stocks07:11 EDT Blackstone Mortgage declares Q3 dividend of 47c per share - Katie Keenan, Chief Executive Officer, said, "We believe stockholder return is well served by balancing current return with optimization of book value and long-term earnings potential through our strategic capital allocation decisions. We assess the dividend with the Board each quarter, prudently considering a variety of factors, and our Board has declared a third quarter dividend of 47c per share, which we believe reflects a sustainable level relative to long-term earnings power. With strong liquidity, accelerating repayments, and an emerging investment pipeline, BXMT is well positioned to deploy capital accretively in this environment and continue its forward trajectory through the cycle."
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SGMO PFE | Hot Stocks07:10 EDT Sangamo reports on Pfizer's Phase 3 results of Hemophilia A candidate - Sangamo Therapeutics (SGMO) reported on Pfizer's (PFE) announcement of positive topline results from the Phase 3 AFFINE trial evaluating giroctocogene fitelparvovec, an investigational gene therapy that Sangamo is co-developing with and licensing to Pfizer for the treatment of adults with moderately severe to severe hemophilia A. Sangamo is eligible to earn from Pfizer up to $220M in milestone payments upon the achievement of certain regulatory and commercial milestones for giroctocogene fitelparvovec and product sales royalties of 14% - 20% if giroctocogene fitelparvovec is approved and commercialized, subject to certain reductions. Pfizer reported that the AFFINE trial achieved its primary objective of non-inferiority, as well as superiority, of total annualized bleeding rate from Week 12 through at least 15 months of follow up post-infusion compared with routine Factor VIII replacement prophylaxis treatment. Giroctocogene fitelparvovec demonstrated a statistically significant reduction in mean total ABR compared to the pre-infusion period. Key secondary endpoints as defined by the trial protocol were met and also demonstrated superiority compared to prophylaxis. The goal of this investigational treatment for people living with hemophilia A is that a single infusion of giroctocogene fitelparvovec may allow them to produce FVIII themselves for an extended period of time, provide bleed protection and reduce the need for routine prophylaxis with intravenous (IV) infusions or injections.
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SYZLF | Hot Stocks07:09 EDT Sylogist provides update on normal course issuer bid - Sylogist announced that Paradigm Capital lnc. will replace BMO Nesbitt Burns as its broker under its ongoing normal course issuer bid effective today. On November 17, 2023, the Company announced that the Toronto Stock Exchange had accepted its Notice of Intention to make a Normal Course Issuer Bid in place effective November 21, 2023. The NCIB will continue on its existing terms and will terminate on the earlier of: November 20, 2024; or when permitted purchases thereunder are completed. Sylogist may otherwise elect to terminate the NCIB at any time.
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ODFL | Hot Stocks07:07 EDT Old Dominion Q2 operating ratio improved 40 basis points to 71.9% - "Our operating ratio improved 40 basis points to 71.9% for the second quarter of 2024, due primarily to the quality of our revenue growth and continued focus on operating efficiencies. These factors allowed us to improve our direct operating costs as a percent of revenue, which more than offset the increase in our overhead expenses as a percent of revenue. The combination of the growth in revenue and operating ratio improvement resulted in the 11.3% increase in earnings per diluted share to $1.48 for the second quarter."
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GD | Hot Stocks07:02 EDT General Dynamics reports company-wide backlog of $91.3B - The consolidated book-to-bill ratio, defined as orders divided by revenue, was 0.8-to-1 for the quarter. Company-wide backlog was $91.3 billion. Estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $38.5 billion. Total estimated contract value, the sum of all backlog components, was $129.8 billion.
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SLGN | Hot Stocks06:59 EDT Silgan Holdings to acquire Weener Packaging for EV EUR 838M - Silgan Holdings announced that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of EUR 838 million. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities.
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PFE | Hot Stocks06:50 EDT Pfizer's hemophilia A gene therapy candidate shows positive Phase 3 results - Pfizer announced positive topline results from the Phase 3 AFFINE study evaluating giroctocogene fitelparvovec, an investigational gene therapy for the treatment of adults with moderately severe to severe hemophilia A. The study achieved its primary objective of non-inferiority, as well as superiority, of total annualized bleeding rate from Week 12 through at least 15 months of follow up post-infusion compared with routine Factor VIII replacement prophylaxis treatment. Following a single 3e13 vg/kg dose, giroctocogene fitelparvovec demonstrated a statistically significant reduction in mean total ABR compared to the pre-infusion period. Key secondary endpoints as defined by the trial protocol were met and also demonstrated superiority compared to prophylaxis. Giroctocogene fitelparvovec was generally well tolerated. Serious adverse events were reported in 15 patients - 20% -, including 13 events reported by 10 patients assessed as related to treatment. Treatment-related adverse events generally resolved in response to clinical management. Analyses of the full Phase 3 dataset from the AFFINE study are ongoing and additional data will be presented at upcoming medical meetings. Giroctocogene fitelparvovec has been granted Fast Track and Regenerative Medicine Advanced Therapy designations from the FDA, as well as Orphan Drug designations in the U.S. and the EU. Pfizer will discuss these data with regulatory authorities in the coming months.
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THC | Hot Stocks06:46 EDT Tenet Healthcare announces new $1.5B share repurchase program
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CLNE | Hot Stocks06:38 EDT Clean Energy breaks ground at Texas RNG production facility - Clean Energy has broken ground on a renewable natural gas - RNG - production facility at South Fork Dairy in Dimmitt, TX. Home to a 16,000-cow herd, the facility will produce RNG, an ultra-clean transportation fuel that is made from organic waste and receives a negative carbon-intensity score. The construction of the digesters and processing plant is forecasted to cost approximately $85M and is expected to be completed in 2025. The South Fork Dairy facility is set to be one of the biggest RNG production developments in the country with an anticipated 2.6 million gallons of RNG to be produced annually once completed. All the RNG fuel produced at the site will make its way into Clean Energy's nationwide network of stations. Agriculture accounts for nearly 10% of U.S. greenhouse gas emissions. RNG is a transportation fuel made entirely from organic waste and drastically reduces GHG emissions by an average of 300% versus diesel.
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SAGE BIIB | Hot Stocks06:36 EDT Sage Therapeutics, Biogen report results from Phase 2 study of SAGE-324 - Sage Therapeutics (SAGE) and Biogen (BIIB) announced topline results from the Phase 2 KINETIC 2 dose-range study of the oral investigational drug SAGE-324 as a potential treatment in essential tremor. The KINETIC 2 Study did not demonstrate a statistically significant dose-response relationship in change from baseline to Day 91 based on the primary endpoint, The Essential Tremor Rating Assessment Scale Performance Subscale Item 4 (upper limb) total score, in participants with ET. In addition, there were no statistically significant differences demonstrated for any dose of SAGE-324 versus placebo in the change from baseline to Day 91 on the TETRAS PS Item 4 Total Score or the TETRAS Activities of Daily Living Composite Score. Given these results, Sage and Biogen will close the ongoing open label safety study of SAGE-324 in ET and do not plan to conduct further clinical development of SAGE-324 in ET. The companies are evaluating next steps, if any, for other potential indications.
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LPG | Hot Stocks06:35 EDT Dorian LPG declares irregular cash dividend of $1.00 per share - Dorian LPG has declared an irregular cash dividend of $1.00 per share of the company's common stock. The dividend is payable on or about August 21 to all shareholders of record as of the close of business on August 8.
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ENGN | Hot Stocks06:34 EDT enGene names Ron Cooper as CEO, succeeding Jason Hanson - enGene Holdings announced that Ron Cooper has joined the company as CEO and member of the Board of Directors, effective July 22. This transition follows a previously announced succession plan for Jason Hanson, who will remain in service to the company as a strategic advisor. The company also announces Dr. Raj Pruthi's promotion to Chief Medical Officer. Cooper most recently served as President and CEO of Albireo Pharma, a fully integrated global commercial biopharmaceutical company that Ipsen acquired in 2023.
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TMHC | Hot Stocks06:27 EDT Taylor Morrison sees FY24 home closings 12,600-12,800 - Sees FY24 average closing price $600,000-$610,000. Sees FY24 effective tax rate 25%.
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TMHC | Hot Stocks06:26 EDT Taylor Morrison sees Q3 home closings 3,200 - Sees Q3 average closing price $600,000. Sees Q3 effective tax rate 25%.
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DB | Hot Stocks06:15 EDT Deutsche Bank sees 2024 provision for credit losses slightly above 30 bps - The company said, "For the first six months, provision for credit losses was EUR 915M, compared to EUR 772M in the prior year period. Corporate Bank provisions were up 9% year on year at EUR 198M, while Private Bank provisions were down 11% to EUR 367M, benefitting from the sale of non-performing loans and the non-recurrence of provisions relating to a small number of idiosyncratic events in the prior year period. Investment Bank provisions were EUR 313M, materially higher than the prior year period, and largely affected by the commercial real estate sector. The bank now expects the full-year 2024 provision for credit losses to be slightly above 30 basis points, above prior guidance. This reflects commercial real estate provisions which are moderately lower, although improving at a slower-than-expected pace, as well as improvements in the Corporate Bank."
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DB | Hot Stocks06:09 EDT Deutsche Bank 'made progress on all dimensions' of Global Hausbank strategy - The company said ,"Revenue growth: Revenues grew by 2% year on year to EUR 7.6B in the second quarter of 2024, with double-digit growth in commissions and fee income and stable net interest income in the key segments of the banking book. The bank's compound annual revenue growth rate over the last 12 months since 2021 was 5.7% at the end of the quarter, within the bank's raised target range of between 5.5% and 6.5%. Revenues for the first six months of 2024 were EUR 15.4B, up 2% year on year, more than halfway toward the bank's 2024 full-year guidance of around EUR 30B. Operational efficiency: Adjusted costs were EUR 5B in the second quarter, up 2% compared to the second quarter of 2023 and in line with the bank's guidance for adjusted costs of EUR 5B per quarter in 2024. The bank made further progress on its EUR 2.5B Operational Efficiency program, which includes optimization of the platform in Germany and workforce reductions, notably in non-client-facing roles. Total savings either realized or expected from measures completed reached EUR 1.5B, including EUR 1.2B in realized savings. Workforce reductions related to the Operational Efficiency program reached a cumulative total of 2,700 full-time equivalents, including 700 during the second quarter, nearly 80% of the planned total though end-2024. In addition, contract external staff have been reduced by approximately 1,100 in 2024 to date. Capital efficiency: Deutsche Bank delivered RWA equivalent benefits of a further EUR 4B during the second quarter through data and process improvements. As a result, cumulative RWA reductions from capital efficiency measures reached EUR 19B, marking further progress towards the bank's raised goal of EUR 25-30B by the end of 2025. As anticipated, on July 11, 2024 the bank completed the share repurchase program launched on March 4, 2024. Under this program, 46.4M shares were repurchased for EUR 675M, bringing cumulative shareholder distributions through dividends and share repurchases to EUR 3.3B since 2022. "
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ALLR | Hot Stocks06:09 EDT Allarity urges shareholders to vote for reverse stock split, decrease in shares - Allarity issued a statement encouraging its stockholders to participate actively in the upcoming annual meeting of stockholders scheduled on July 26. The Board has put a proposal before stockholders for a reverse stock split. Allarity has requested approval of the reverse stock split to regain and sustain compliance with Nasdaq requirements. The Board stated that if the reverse stock split is not approved by stockholders, the company's common stock may be delisted from Nasdaq and could complicate stockholder's ability to trade the company's common stock, impact its stock price and affect stockholder's ability to buy or sell when desired. The Board emphasized the importance of this stockholders' vote, a positive vote for the reverse stock split as well as the decrease in authorized shares.
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DB | Hot Stocks06:05 EDT Deutsche Bank CFO expects credit provisions 'to normalize' - "Our second quarter and first half 2024 results position us well to deliver in 2025," added James von Moltke, Chief Finance Officer. "Looking ahead, we anticipate continued revenue momentum as our strategic growth investments bear fruit. We also see further scope for adjusted cost savings as our Operational Efficiency program progresses, and as we continue to put restructuring costs behind us and resolve legacy litigation matters. Furthermore, we expect credit provisions to normalize as interest rate pressures ease."
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OGI | Hot Stocks06:05 EDT Organigram makes third tranche $1M investment into Phylos - Organigram has completed an early partial funding of its final third tranche investment into Phylos Bioscience, a U.S. cannabis genetics company and provider of production ready seeds, with the remaining portion of the final tranche to be funded upon completion of the newly expanded final milestone. As part of the expanded milestone, Phylos is required to deliver 21 unique auto-flower seed varietals for testing and phenotyping by Organigram no later than September 30, followed by a second cohort of 21 auto flower seed varietals to be delivered no later than January 31, 2025. In addition to the auto-flower seeds, Organigram received an expanded genetics licence from Phylos that, in addition to THCV, includes access to high potency CBG, CBC and CBDV seed based cultivars. Organigram has exclusive rights in Canada until May 2028 to commercialize THCV derived from Phylos' cultivars.
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NKTX | Hot Stocks06:02 EDT Nkarta initiates trial of NKX019 in lupus erythematosus - Nkarta announced that researchers at Columbia University Irving Medical Center have initiated an investigator-sponsored trial of NKX019, Nkarta's allogeneic, CD19-directed chimeric antigen receptor NK-cell therapy in patients with systemic lupus erythematosus, or SLE. The trial broadens the clinical evaluation of NKX019 in lupus. Patient screening is underway. Systemic lupus erythematosus is an autoimmune disease that causes the body's immune system to attack its own tissues.
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RTX | Hot Stocks05:31 EDT Collins Aerospace relocates Singapore manufacturing facility to new site - Collins Aerospace, an RTX business, announced the relocation of its Singapore manufacturing facility to a new site in Seletar Aerospace Park, Singapore. This move represents a significant investment of $250M. Scheduled to begin construction in the fourth quarter of 2025, the new facility is expected to be completed by 2027. This strategic relocation will enable Collins to transfer its operations from the current Bedok site to the new Seletar Aerospace Park location, approximately 15 miles away. Production is anticipated to commence in 2028, with dual production capability maintained at the Bedok facility over a multi-year transition plan.
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WAFU | Hot Stocks05:22 EDT Wah Fu Education enters educational AI, informatization fields - Wah Fu Education announced its entry into the fields of educational AI and informatization. Recently, Wah Fu's subsidiary, Beijing Huaxia Dadi Distance Learning Services Co., Ltd established a wholly-owned subsidiary to venture into fields such as smart education, smart psychology, and digital learning, leveraging its reserve of patented technologies and AI research and development team, and explore new models of education in the era of artificial intelligence based on informatization and artificial intelligence.
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GE BA | Hot Stocks05:20 EDT GE Aerospace announces EVA Air order for GEnx engines - GE Aerospace (GE) announced that following EVA Air's recent deal to purchase four Boeing (BA) 787-10 Dreamliner aircraft, the airline has placed an order for GEnx engines to power their new aircraft.
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CHKP | Hot Stocks05:14 EDT Check Point CEO Gil Shwed to transition to chairman, Nadav Zafrir to succeed - For the past 10 years, Nadav Zafrir has been a co-founder and managing partner at Team8, a global venture creation and venture capital fund. Team8 establishes and invests in companies focused on cyber security, Data & AI, Fintech and digital health. He built, invested and chaired 17 cyber security companies in addition to dozens of other technology companies he has consulted and mentored. He previously served 25 years in the IDF, retiring as a Brigadier General. Since 2019, he has served as Chairman of the Board of SolarEdge Technologies, a Nasdaq traded smart energy company. Zafrir will assume the CEO role in December 2024 and will join Check Point's board of directors upon shareholder approval at Check Point's next annual general meeting. Gil Shwed will become executive chairman of the board. "We are concluding a thorough CEO search process after examining candidates from around the world and found the perfect individual. Nadav has been a key leader in the global cyber security ecosystem for over a decade. Having lived in New York and Tel Aviv, he became one of the most respected figures within the global CISO community. He established and led multiple cyber security companies and partnered with the world's largest security vendors. I admire his achievements and leadership skills and I am excited about his appointment, and believe he is the right leader to take Check Point to new heights," concluded Shwed.
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GILD | Hot Stocks05:09 EDT Gilead announces results from PURPOSE 1 trial - Gilead announced full efficacy and safety results from its pivotal, Phase 3 PURPOSE 1 trial. Detailed data from the trial's interim analysis announced in June showed that lenacapavir, the company's twice-yearly injectable HIV-1 capsid inhibitor, demonstrated zero infections, 100% efficacy and superiority to background HIV incidence for the investigational use of HIV prevention in cisgender women. Lenacapavir also demonstrated superior prevention of HIV infections when compared with once-daily oral Truvada. The new data provide details on the efficacy, safety and tolerability of twice-yearly lenacapavir injections; drug adherence among trial participants, including poor levels of adherence to daily oral pre-exposure prophylaxis, or PrEP, and high levels of adherence to lenacapavir; and demographic and behavioral characteristics of trial participants, including pregnant women and adolescents. The data are being presented at a special late-breaking session at the 25th International AIDS Conference in Munich, Germany and were published in The New England Journal of Medicine. Overall, lenacapavir was highly effective among trial participants, with zero HIV infections observed in the lenacapavir group compared to background HIV incidence, translating to a 100% reduction in HIV infections. Additionally, compared to once-daily Truvada, lenacapavir reduced HIV incidence by 100%, a result that was statistically superior. Per trial protocol, because PURPOSE 1 met its key efficacy endpoints of superiority of twice-yearly lenacapavir to bHIV and once-daily oral Truvada at interim analysis, the independent Data Monitoring Committee recommended that Gilead stop the blinded phase of the trial and offer open-label lenacapavir to all participants. As of July 23, more than 840 trial participants have already opted to switch to lenacapavir. PURPOSE 1 is evaluating the safety and efficacy of twice-yearly, subcutaneous lenacapavir for PrEP and once-daily oral Descovy for the investigational use of HIV prevention in cisgender women. Data from the Phase 3, double-blind, active-controlled, multicenter, randomized trial were collected from 5,345 HIV-negative, cisgender adolescent girls and young women aged 16-26 at 25 sites in South Africa and three sites in Uganda. Lenacapavir and Descovy were tested in parallel for HIV prevention, with one group receiving twice-yearly injectable lenacapavir and one group taking once-daily oral Descovy. Additionally, a third group was assigned once-daily oral Truvada. Baseline demographics and characteristics were balanced across all groups. Trial participants were randomized in a 2:2:1 ratio to lenacapavir, Descovy and Truvada, respectively. Because effective PrEP options already exist, there is broad consensus in the PrEP field that a placebo group would be unethical; thus, the trial used bHIV as the primary comparator and Truvada as a secondary comparator. Most of the participants reported prior HIV testing. A small minority reported no prior use of PrEP. Adherence to lenacapavir and to placebo injections included in the oral PrEP study groups was high: 91.5% of all trial participants received on-time injections at week 26, and 92.8% of participants received on-time injections at one year. On-time injection rates were similar across all study groups, whether receiving lenacapavir or placebo injections. Sixteen incident HIV cases among 1,068 women were observed in the Truvada group and 39 incident HIV cases among 2,136 women were observed in the Descovy group. HIV incidence with Descovy was not different from bHIV in the primary efficacy analysis and no evidence of difference was observed compared to Truvada in the secondary efficacy analysis. Adherence to once-daily oral Descovy and Truvada, measured through detection of tenofovir diphosphate in blood samples from a subset of patients, was low and declined over time. These adherence levels are consistent with prior reports of low adherence of daily oral PrEP among cohorts of cisgender women, especially among younger women, across geographies. HIV protection was strongly associated with adherence to Descovy in the case-control analysis. Most participants with incident HIV infection had low or no detection of tenofovir diphosphate. Within the Descovy group, those with medium or high adherence had significantly lower odds of acquiring HIV infection compared to those with low adherence. In the Descovy group, at 26 weeks, 30.2% of trial participants had high or medium adherence to the drug, and 69.8% had low adherence. At one year in the Descovy group, 15.9% of trial participants had high or medium adherence, and 84.1% had low adherence. In the Truvada group, at 26 weeks, 10.9% of trial participants had high or medium adherence, and 89.1% had low adherence. At one year in the Truvada group, 7.0% of trial participants had high or medium adherence and 93.0% had low adherence. There were no new safety concerns identified, and lenacapavir, Descovy and Truvada were generally well tolerated. For lenacapavir and Descovy, aside from injection site reactions, the most common adverse events observed were headache, urinary tract infection, genitourinary chlamydia infection and nausea. Serious AEs were reported in 2.8% of participants in the lenacapavir group, compared to 4% in the Descovy group and 3.3% in the Truvada group. Frequency of AEs was similar across study groups. A total of 25,329 injections were administered: 10,154 in 2,138 participants assigned to the lenacapavir group, and 15,175 in 3,206 participants receiving placebo injections in the Descovy and Truvada groups. ISRs related to the study drug or injection procedures were the most common AEs observed, and there were no serious ISRs among participants receiving lenacapavir or placebo injections. Lenacapavir is injected into the subcutaneous layer of fat in the abdomen to form a drug depot, which will get smaller and resolve, or reduce in size substantially, prior to the next lenacapavir injection. The drug depot may be palpable as a bump or nodule but is usually not visible. About 64% of women in the lenacapavir group experienced nodules compared to 16.6% who received placebo injections. ISR incidence, including nodules, decreased with subsequent injections. Four women in the lenacapavir group discontinued study drug due to ISRs, compared to zero women who discontinued due to ISRs on placebo. As a result of strong community input from advocates in South Africa and Uganda, PURPOSE 1 is the first HIV prevention trial to intentionally include pregnant and lactating women. There were 510 pregnancies among 487 participants: 193 among women in the lenacapavir group, with zero HIV infections; 219 among women in the Descovy group, with four HIV infections; and 98 among women in the Truvada group, with one HIV infection. At the time of interim analysis, 54.3% of pregnancies were completed and 45.7% were ongoing. Available pregnancy outcomes were similar to those expected for the population. Community advocates also stressed the importance of including adolescents and young people in PURPOSE 1. The median age of all trial participants was 21 years, and 124 participants were under 18 years. Gilead expects results in late 2024/early 2025 from the program's other pivotal trial, PURPOSE 2, which is assessing twice-yearly lenacapavir for PrEP among cisgender men, transgender men, transgender women and gender non-binary individuals in Argentina, Brazil, Mexico, Peru, South Africa, Thailand and the United States who have sex with partners assigned male at birth. The regulatory filing for lenacapavir for PrEP will include the results of both PURPOSE 1 and PURPOSE 2, if positive, to ensure lenacapavir for PrEP can be approved for multiple populations and communities most in need of additional HIV prevention options.
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