Stockwinners Market Radar for October 02, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RPHM | Hot Stocks20:47 EDT Reneo Pharmaceuticals stockholders approval merger with OnKure - Reneo Pharmaceuticals "announced the results of the special meeting of its stockholders held on September 26, 2024. At the special meeting, Reneo's stockholders voted in favor of all proposals, including the proposals required to complete the proposed merger of Reneo and OnKure, Inc. The closing of the merger is anticipated to take place on or around Friday, October 4, 2024. Following the closing of the merger, the combined company plans to change its name from "Reneo Pharmaceuticals, Inc." to "OnKure Therapeutics, Inc." and trade on The Nasdaq Global Market under the ticker symbol "OKUR." The combined company will be led by OnKure's existing management team. The combined company will focus on advancing OnKure's pipeline candidates targeting oncogenic mutations in phosphoinositide 3-kinase alpha (PI3Kalpha), including its lead program OKI-219, which is currently in a Phase 1 clinical trial for the treatment of solid tumors. In addition, Reneo also announced that it will effect a 1-for-10 reverse split of its common stock that is expected to be effective immediately prior to the closing of the merger."
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SMCI FJTSY | Hot Stocks20:01 EDT Supermicro, Fujitsu enter strategic collaboration on AI computing technology - Fujitsu Limited (FJTSY) and Supermicro (SMCI) "announced they will collaborate to establish a long-term strategic engagement in technology and business, to develop and market a platform with Fujitsu's future Arm-based "FUJITSU-MONAKA" processor that is designed for high-performance and energy efficiency and targeted for release in 2027. In addition, the two companies will also collaborate on developing liquid-cooled systems for HPC, Gen AI, and next-generation green data centers. In addition, by integrating Fujitsu's cutting-edge "FUJITSU-MONAKA" processor, the two companies will realize excellent performance and power efficiency while also pursuing high reliability, security, and ease of use with wide software compatibility, thereby empowering customers to implement green AI infrastructure. FUJITSU-MONAKA is a processor based on the Arm instruction set architecture, employing cutting-edge 2-nanometer technology and is set to be delivered in 2027. This new technology applied to the FUJITSU-MONAKA is based on results obtained from a project subsidized by the New Energy and Industrial Technology Development Organization."
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KRKR | Hot Stocks19:50 EDT 36Kr Holdings Inc - ADR trading halted, news pending
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CETX | Hot Stocks19:50 EDT Cemtrex trading halted, news pending
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UPXI | Hot Stocks19:50 EDT Upexi trading halted, news pending
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FPI | Hot Stocks19:12 EDT Farmland Partners to sell $289M of farmland to Farmland Reserve - Farmland Partners "announced that it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland, for $289M in a single transaction with Farmland Reserve, Inc. The all-cash deal has been finalized by both parties and is scheduled to close on October 16, 2024, once all conditions to closing are satisfied. The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's Illinois farmland, which is among the most valuable land it owns. FPI's total gain on sale will be approximately $50M, or approximately 21% over the aggregate net book value of the farms comprising the Portfolio. In 2023, FPI also sold approximately $200M of assets at a gain in excess of 20%."
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IMRN | Hot Stocks19:05 EDT Immuron trading halted, news pending
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PAC | Hot Stocks19:04 EDT GAP Airports reports September traffic down 3.6% - The company states: "For September 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 3.6%, compared to September 2023. Guadalajara airport presented an increase in passenger traffic of 4.1%, while Los Cabos, Tijuana, and Puerto Vallarta airports presented a decrease in passenger traffic of 9.9%, 6.2%, and 5.1% respectively, compared to September 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 11.5%."
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BRK.A... | Hot Stocks18:48 EDT Berkshire Hathaway sells roughly $337.9M worth of Bank of America shares - In a regulatory filing, Berkshire Hathaway (BRK.A) disclosed the sale of $337.9M worth of Bank of America (BAC) shares in three transactions, one on September 30, another on October 1, and the last one on October 2. The shares were priced in a range of $39.6141-$39.4036 per share.
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MGRM | Hot Stocks18:04 EDT Monogram Orthopaedics receives FDA response for mBos TKA system - Monogram Technologies "announced that it has received an Additional Information Request from the U.S. Food and Drug Administration on September 30, 2024, regarding its 510(k) premarket filing submission for the Company's mBos TKA System. The Application was submitted on July 19, 2024, and passed the initial FDA Administrative Review. The FDA informed the Company that the FDA placed the Application on hold pending a complete response to the AIR. The FDA has informed the Company that the Company has 180 days from the date of the AIR to provide a complete response to the AIR or the FDA will consider the Application withdrawn."
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BEAM | Hot Stocks17:51 EDT Beam Therapeutics CEO Evans sells 60,000 common shares - In a regulatory filing, Beam Therapeutics CEO John Evans disclosed the sale of 60,000 common shares of the company on September 30 at a price of $24.6004 per share.
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IOT | Hot Stocks17:49 EDT Samsara CEO sells $4.5M in common stock - In a regulatory filing, Samsara disclosed that its CEO Sanjit Biswas sold 96K shares of common stock on October 1st in a total transaction size of $4.5M.
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CLW | Hot Stocks17:31 EDT Clearwater Paper temporarily suspends operations in Georgia, North Carolina - Clearwater Paper announced that it temporarily suspended operations at its Augusta, Georgia paperboard facility and its Shelby, North Carolina tissue facility due to the impacts from Hurricane Helene. There was no serious damage to equipment and both facilities are resuming operations.
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CMG | Hot Stocks17:20 EDT Chipotle announces opening of first restaurant in Dubai - Chipotle Mexican Grill announces the opening of its first restaurant in Dubai in partnership with leading international franchise retail operator Alshaya Group. Located at 'The Beach' at Jumeirah Beach Residence, this new location marks Chipotle's first restaurant in the United Arab Emirates, with a second location planned to open in the region at the Dubai Hills Mall in the coming months. The new Chipotle at JBR is set in a marquee location along the beachside boulevard, spanning over 6,000 square feet, and is open from 10:00am - 12:00am local time on weekdays; and until 1:00am local time on weekends.In April, Chipotle's expansion into the Middle East began with a restaurant at The Avenues, Kuwait's largest shopping mall, which marked the first time the company had entered a new country in over 10 years. Last month, Alshaya Group opened a second Chipotle restaurant in Kuwait, located at The Walk Mall in Ardiya. "We are thrilled by the overwhelming response to Chipotle's responsibly sourced, classically-cooked, real ingredients in Kuwait and hope to see similar enthusiasm at our JBR restaurant," said Chief Business Development Officer Nate Lawton. "Alshaya has been a tremendous partner and continues to ensure our culinary and our purpose to cultivate a better world are clear points of differentiation for consumers as we enter these new regions." Reference Link
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MUR | Hot Stocks17:07 EDT Murphy Oil names Eric Hambly as President and CEO - Murphy Oil has appointed Eric Hambly, Murphy's current President and Coo, to succeed Roger Jenkins as the company's President and Ceo, effective January 1, 2025. In addition, Hambly will become a member of the Board of Directors. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025. Hambly has over 26 years in the industry, joining Murphy in 2006. He has since had assignments in Malaysia, Singapore, onshore US and offshore US Gulf of Mexico. He became EVP, Operations, in 2020 and assumed his current position as President and COO in February 2024.
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EPRX | Hot Stocks17:03 EDT Eupraxia Pharmaceuticals names Amanda Malone as Chief Scientific Officer - Eupraxia Pharmaceuticals "announced the recent appointments of Chief Scientific Officer Amanda Malone, as Chief Operating and Scientific Officer, and Rahul Sarugaser, as Executive Vice President of Corporate Development. Dr. Malone co-founded Eupraxia with Dr. Helliwell in 2012 and built Eupraxia's research, manufacturing, quality, non-clinical, regulatory, intellectual property and clinical functions. She is listed as inventor on six patent families that have resulted in more than 70 patents and patent applications. Over the past 20 years, Dr. Sarugaser has held progressively senior roles in the capital markets and healthcare sector, and was most recently Managing Director, Equity Research, Biotech & Medtech with Raymond James, where he actively covered Eupraxia."
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BDX | Hot Stocks17:03 EDT Becton Dickinson in pact to to resolve vast majority of hernia litigation - BD or Becton, Dickinson and Company announced it has reached an agreement to resolve the vast majority of its existing hernia litigation.Terms of the settlement agreement, which are confidential, include cases in both the Rhode Island consolidated litigation and the federal multidistrict litigation in Ohio. The aggregate amount payable pursuant to this settlement is within the company's current product litigation reserve for this matter and will be paid out over a multi-year period. As a result, the settlement amount is already recorded as a liability within BD's consolidated balance sheet and the agreement will not result in an incremental charge to the company's consolidated income statement. BD believes this agreement is in the best interest of all parties and is structured to eliminate uncertainty for all stakeholders related to the settled cases. The hernia mass tort litigation represents a large majority of BD's total product litigation reserve. The multi-year payment structure was contemplated as part of the company's cash flow planning process and was included in its previously communicated free cash flow goals and capital allocation strategy.
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LMT | Hot Stocks16:59 EDT Lockheed Martin announces additional $3B share repurchase authorization - The company's board has also authorized the purchase of up to an additional $3B of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $10B.
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PCSA | Hot Stocks16:57 EDT Processa Pharmaceuticals jumps 28% after Phase 2 study update - Processa Pharmaceuticals shares jumped 26% or 35c to $1.70 per share after announcing that the first patient has been dosed in a Phase 2 clinical trial evaluating NGC-Cap for the treatment of advanced or metastatic breast cancer..."Dosing the first patient in this Phase 2 trial is a significant step in the development of NGC-Cap as a more effective and better tolerated treatment than widely used capecitabine and 5-FU," stated David Young, PharmD, Ph.D., President of Research and Development at Processa. "We expect this Phase 2 trial to build upon NGC-Cap's positive Phase 1b findings and we look forward to announcing the results from our interim analysis of this Phase 2 trial in mid-2025."
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LMT | Hot Stocks16:57 EDT Lockheed Martin increases quarterly dividend to $3.30 per share - Lockheed Martin board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of 15c per share over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on December 27 to holders of record as of the close of business on December 2.
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ABG | Hot Stocks16:52 EDT Asbury Automotive wins preliminary injunction against CDK Global - Asbury Automotive "announced the entry of a court order directing CDK Global LLC to provide data for four Asbury dealerships to Tekion Corp. as part of a pilot program initiated by Asbury at the dealerships. The court's order followed the filing of a lawsuit by Asbury in the Superior Court of Gwinnett County, Georgia. Prior to the entry of the order, CDK had refused to transfer the dealerships' data to Tekion, which competes with CDK in providing Dealership Management System - DMS - services to automotive dealerships. DMS services are used by automotive dealerships to manage their day-to-day business activities."
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LUV | Hot Stocks16:49 EDT Southwest Director Rakesh Gangwal purchases $21M in company shares - Southwest Airlines Director Rakesh Gangwal disclosed the purchase of 705,904 shares of company stock at $29.65 per share on September 30, for a total transaction amount of $20,928,712.
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STX | Hot Stocks16:47 EDT Seagate CEO sells $2.15M in common stock - In a regulatory filing, Seagate disclosed that its CEO William Mosley sold 20K shares of common stock on October 1st in a total transaction size of $2.15M.
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ADI | Hot Stocks16:45 EDT Analog Devices exec Bryant sells 30,000 common shares - In a regulatory filing, Analog Devices executive VP Gregory Bryant disclosed the sale of 30,000 common shares of the company on October 1 at a price of $228.93 per share.
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COST | Hot Stocks16:44 EDT Costco exec sells $2.23M in common stock - In a regulatory filing, Costco disclosed that its EVP Patrick Callans sold 2.5K shares of common stock on September 30th in a total transaction size of $2.23M.
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HTBK BCAL | Hot Stocks16:36 EDT Heritage Commerce names Thomas Sa COO - Heritage Commerce (HBTK) announced the appointment of Thomas Sa as the COO of the company and the bank. As COO, Sa will report directly to CEO Robertson Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Sa had previously served as president, COO and CFO of California BanCorp (BCAL) and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in July.
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GOGL | Hot Stocks16:34 EDT Golden Ocean extends share buy-back program 12 months up to 10M shares - Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited dated 4 October 2022 and 3 October 2023 regarding the establishment and renewal of a share buy-back program. The Company has repurchased a total of 1,507,328 shares under the program for a total consideration of $11,629,758. A total of 741,900 shares have been repurchased at average price of $7.84 per share at Nasdaq and 765,428 shares have been repurchased at an average price of NOK 81.2 at Oslo Stock Exchange. The Board of Directors of Golden Ocean Group Limited has on 2 October 2024, resolved to extend the existing share buy-back program with a further 12 months and the following main terms: Maximum USD 100M to purchase up to an aggregate of 10,000,000 of the Company's common shares, with 1,507,328 shares repurchased for USD 11,629,758 as of the date hereof. A period from and including 5 October 2024 to and including 4 October 2025. The share buy-backs will be carried out by way of repurchases in the market, both on the Oslo Stock Exchange and on Nasdaq.
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SPRO | Hot Stocks16:33 EDT Spero Therapeutics announces publication of SPR719 trial data - Spero Therapeutics announced the publication of data from its Phase 1 clinical trial, which assessed the intrapulmonary pharmacokinetics, or PK, of SPR719. The full manuscript was published ahead of print in Antimicrobial Agents and Chemotherapy. This was a Phase 1, single-center, open-label study in healthy adult male and female subjects. Subjects received a 1,000 mg dose of SPR720 administered once daily for 7 days. Blood samples were collected for plasma pharmacokinetic assessments. Each subject also underwent a standardized bronchoscopy and Bronchoalveolar Lavage on Day 7. The safety population comprised 33 healthy adult subjects, and the PK population included 30 subjects. There were no meaningful concentrations of SPR720 detected in the plasma. Mean plasma concentrations of SPR719 reached a peak at approximately 4 hours and then declined over the remaining 24 hours. The concentrations of SPR719 in ELF and AM were found to be greater than total plasma concentrations. These results suggested that SPR719 had significant lung uptake and enhanced ELF and AM concentrations because unbound plasma concentrations predominantly influence penetration into lung compartments. No unexpected safety findings were observed. Results from this study of the intrapulmonary disposition of SPR719 support further investigation of SPR720 as a potential oral agent for treatment of NTM-PD.
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AWK | Hot Stocks16:33 EDT Maryland American Water approved to buy drinking water assets of Severn Water - Maryland American Water announced it has received approval from the Maryland Public Service Commission to acquire the drinking water assets of the Severn Water Company for approximately $1.6 million. This acquisition is the first to be completed by Maryland American Water under the fair market value legislation enacted by the Maryland General Assembly in 2018.
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LUV | Hot Stocks16:31 EDT Southwest director buys $34.9M in common stock - In a regulatory filing, Southwest disclosed that its director Rakesh Gangwal bought 1.18M shares of common stock on September 30th in a total transaction size of $34.9M. Shares of Southwest are up 2% afterhours at $30.17.
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KNW | Hot Stocks16:31 EDT Know Labs receives NYSE noncompliance notification - Know Labs announced that it received a noticefrom the NYSE American LLC dated September 27, 2024, notifying the Company that it is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. Section 1003(a)(iii) requires a listed company to have stockholders' equity of $6 million or more if the listed company has reported losses from continuing operations and/or net losses in its five most recent fiscal years.
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PX | Hot Stocks16:25 EDT P10 subsidiary awarded $65M allocation from NMTC program - P10 announced Enhanced Community Development, a part of P10 subsidiary Enhanced Capital Group, was awarded a $65M allocation from the New Markets Tax Credits, or NMTC, program administered by the U.S. Treasury Department's Community Development Financial Institutions Fund. Under the program, the U.S. Treasury Department allocated a total of $5B to 104 Community Development Entities for the 2023 round.
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GMED | Hot Stocks16:25 EDT Globus Medical lanches 'next wave' of orthopedic trauma products - Globus Medical announces the continued growth and expansion of its orthopedic trauma product portfolio. Globus has introduced several new system extensions so far in 2024 and received 510(k) clearance from the U.S. Food and Drug Administration for its first suture-based product, TENSOR Suture Button System. Newly launched, next-generation systems include ANTHEM II Distal Radius Volar Plates, AUTOBAHN Trochanteric Nail PRO Instruments, and CAPTIVATE SOLA Headless Screws. "The addition of these products to our growing orthopedic trauma portfolio signifies our continued responsiveness and dedication to surgeons and patients," said John Mulcahy, Chief Commercial Officer and President of Orthopedics.
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BIGC ACN | Hot Stocks16:23 EDT BigCommerce CEO Brent Bellm to depart, Travis Hess to succeed - BigCommerce (BIGC) announced the appointment of Travis Hess as CEO. Brent Bellm will no longer serve as CEO of the company or as chairman of the board. The board elected Hess as a director of the company, to fill the vacancy created by Bellm's departure. Current board member Ellen Siminoff will assume the role of executive chair of the board, effective immediately. Hess joined BigCommerce as president in May and previously held senior leadership roles at global commerce agencies and consultancies such as Accenture (ACN).
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TPL... | Hot Stocks16:17 EDT Texas Pacific Land closes acquisition of Permian interests for $286M - Texas Pacific Land (TPL) "announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. The interests span across approximately 7,490 net royalty acres located primarily in the Midland Basin in Martin, Midland, and other counties, with over 80% of the acquired interests adjacent to or overlapping existing TPL surface and royalty acreage. Exxon Mobil Corporation (XOM) and Diamondback Energy Inc (FANG) operate approximately 66% of the acreage. The acquired assets have current production of approximately 1,300 barrels of oil equivalent per day (~78% liquids), with strong line of sight to near-term development and production growth.
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GLBS | Hot Stocks16:15 EDT Globus Maritime takes delivery of 'Glbs Magic' - Globus Maritime announced that it took delivery of the M/V "Glbs Magic," a 2024 new built Ultramax dry bulk carrier, on September 20. The M/V "Glbs Magic" was built at the Nantong Cosco KHI Ship Engineering and has a carrying capacity of approximately 64,000 DWT.
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LEVI | Hot Stocks16:15 EDT Levi Strauss falls 8% after Q3 results, reduced FY24 revenue guidance
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FNF | Hot Stocks16:14 EDT Fidelity National acquires First Nationwide Title Agency - Fidelity National announced the acquisition of the commercial operations of First Nationwide Title Agency, a division of AMT Commercial Title Services and a subsidiary of AmTrust Financial Services. Founded in 2012 and headquartered in NYC, FNTA closes and insures commercial real estate transactions all over the U.S. As part of the acquisition, FNTA's key commercial leadership team will join FNF. Steven Napolitano, FNTA's President and CEO, will continue to lead the company's day-to-day operations under FNF's ownership.
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PCSA | Hot Stocks16:14 EDT Processa: First patient dosed in Phase 2 clinical trial of NGC-Cap for MBC - Processa Pharmaceuticals announced that the first patient has been dosed in a Phase 2 clinical trial evaluating NGC-Cap for the treatment of advanced or metastatic breast cancer. "Dosing the first patient in this Phase 2 trial is a significant step in the development of NGC-Cap as a more effective and better tolerated treatment than widely used capecitabine and 5-FU," stated David Young, PharmD, Ph.D., President of Research and Development at Processa. "We expect this Phase 2 trial to build upon NGC-Cap's positive Phase 1b findings and we look forward to announcing the results from our interim analysis of this Phase 2 trial in mid-2025."
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KANT | Hot Stocks16:13 EDT Kineta announces TuHURA Biosciences extends exclusivity agreement for KVA12123 - Kineta announced that TuHURA Biosciences is exercising its right to extend their exclusivity and right of first offer agreement for Kineta's Vista blocking antibody KVA12123. Under the terms of the agreement entered in July between Kineta and TuHURA, TuHURA has the right to extend their rights for up to two 10-day periods. Kineta is entitled to receive $150,000 for each 10-day extension. On July 8, Kineta announced that it had entered into the agreement with TuHURA, a Phase 3 registration-stage immuno-oncology company developing novel technologies to overcome resistance to cancer immunotherapy. As part of the agreement, Kineta received a $5M nonrefundable payment from TuHURA in July. Under the terms of the agreement, any payment made by TuHURA in consideration for Kineta's compliance with its obligations set forth in the agreement will be credited to the upfront payment from TuHURA if a transaction between the parties is completed. In August, Kineta announced that in collaboration with TuHURA, it reopened enrollment in the VISTA-101 clinical trial. Kineta and TuHURA continue to collaborate on the ongoing Phase 1 clinical program for patients with advanced solid tumor cancer.
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LEVI | Hot Stocks16:12 EDT Levi Strauss initiates strategic alternatives review for Dockers - The Company announced that it has initiated a formal review of strategic alternatives for the Dockers(R) brand, which could include a potential sale or other strategic transaction. The Company has retained Bank of America as its financial advisor. The Company has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any transaction or particular outcome.
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PSN | Hot Stocks16:11 EDT Parsons awarded position on $4B defense threat reduction agency contract - Parsons announced that the company was awarded a position on an indefinite-delivery, indefinite-quantity IDIQ multiple award task order contract MATOC by the Defense Threat Reduction Agency DTRA to support Countering Weapons Of Mass Destruction CWMD objectives. The $4B ceiling value contract includes a five-year base period and one five-year option period and is new work for the company. Under this contract, Parsons will compete for task orders to perform research, development, testing and evaluation, procurement, maintenance, and systems engineering to deliver scientific and technological solutions meeting the Department of Defense's priority CWMD objectives. "We have strong, proven technical capabilities that enable efforts by the United States and partner nations to counter and deter global threats," said Jon Moretta, President, Engineered Systems for Parsons. "We're proud to leverage these capabilities and our core strengths in global security solutions support and development to advance DTRA's mission to prevent, reduce, and counter WMD and emerging threats in an increasingly complex and dynamic environment."
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APO | Hot Stocks16:11 EDT Apollo Global to acquire minority stake in Vonovia for EUR 1B - Apollo announced that it has entered into an agreement for Apollo affiliates and other long-term investors to provide EUR 1B to acquire a minority stake in one of Vonovia's affiliates. This commitment follows two previous EUR 1B transactions between Vonovia and Apollo in 2023, related to Vonovia's real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to EUR 3B.
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RLGT | Hot Stocks16:07 EDT Radiant Logistics acquires Focus Logistics - Radiant Logistics has acquired the operations Focus Logistics, a Michigan based, privately held company with operations in Romulus, Michigan that has operated under the company's Service By Air brand since 2006. The company structured the transaction with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations. Originally founded in 2003 and operated by Terrie Evans and Cliff Kisielewski, Focus provides both domestic and international freight forwarding services in support of the marine, aerospace, brand management and trade show industries. On a post-closing basis, Focus is expected to transition to the Radiant brand and will combine with existing company owned operations in the Detroit area and operate under the leadership of Cliff Kisielewski who will assume the role of General Manager for the newly combined organization.
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AZN RCUS | Hot Stocks16:06 EDT Arcus announces clinical trial collaboration pact to evaluate casdatifan combo - Arcus Biosciences (RCUS) announced a clinical trial collaboration agreement with AstraZeneca (AZN) to evaluate casdatifan, Arcus's investigational HIF-2a inhibitor, in combination with volrustomig, AstraZeneca's investigational PD-1/CTLA-4 bispecific antibody, in patients with ccRCC. "We believe casdatifan has best-in-class potential, based on the observed PK and PD profiles and the emerging clinical data from our ARC-20 study in patients with ccRCC," said Terry Rosen, Ph.D., chief executive officer of Arcus. "This agreement will enable Arcus and AstraZeneca to collaborate and assess the potential for the novel combination of casdatifan with volrustomig to improve outcomes for patients with ccRCC." "Renal cell carcinoma is a known CTLA-4-responsive tumor type, and our first-in-human study with volrustomig monotherapy demonstrated encouraging efficacy in first-line advanced ccRCC," said Cristian Massacesi, chief medical officer and oncology chief development officer, AstraZeneca. "We are excited by the potential to build on this by combining HIF-2a inhibition with volrustomig to drive deeper and more durable responses for patients." As part of this collaboration, AstraZeneca will sponsor and operationalize a study to evaluate the safety and early efficacy of the casdatifan plus volrustomig combination in patients with advanced ccRCC.
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CIGI | Hot Stocks16:03 EDT Colliers International engineering platform acquires GWAL, terms undisclosed - Colliers announced that its Canadian engineering platform, Englobe Corporation, has acquired Goodkey, Weedmark & Associates Limited, or GWAL, a building engineering consulting firm in Ontario. GWAL's leadership team will become shareholders of Englobe under Colliers' unique partnership model. The business will be fully integrated into Englobe's operations and will rebrand as Colliers in the future. Terms of the transaction were not disclosed. Founded in 1956, GWAL's 100 professionals provide mechanical and electrical engineering consulting services to public and private clients throughout Ontario, with a focus around the National Capital and Ottawa Valley regions.
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MSFT... | Hot Stocks15:29 EDT OpenAI announces new funding to scale the benefits of AI - OpenAI said in a statement, "We are making progress on our mission to ensure that artificial general intelligence benefits all of humanity. Every week, over 250M people around the world use ChatGPT to enhance their work, creativity, and learning. Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications. And we're only getting started. We've raised $6.6B in new funding at a $157B post-money valuation to accelerate progress on our mission. The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems. We aim to make advanced intelligence a widely accessible resource. We're grateful to our investors for their trust in us, and we look forward to working with our partners, developers, and the broader community to shape an AI-powered ecosystem and future that benefits everyone. By collaborating with key partners, including the U.S. and allied governments, we can unlock this technology's full potential." Investors in OpenAI include Microsoft (MSFT), Thrive Capital, Khosla Ventures, Fidelity Management, Nvidia (NVDA), and SoftBank (SFTBY). Reference Link
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MSFT... | Hot Stocks15:26 EDT OpenAI announces new funding to scale the benefits of AI - "We are making progress on our mission to ensure that artificial general intelligence benefits all of humanity. Every week, over 250 million people around the world use ChatGPT to enhance their work, creativity, and learning. Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications. And we're only getting started. We've raised $6.6B in new funding at a $157B post-money valuation to accelerate progress on our mission. The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems. We aim to make advanced intelligence a widely accessible resource. We're grateful to our investors for their trust in us, and we look forward to working with our partners, developers, and the broader community to shape an AI-powered ecosystem and future that benefits everyone. By collaborating with key partners, including the U.S. and allied governments, we can unlock this technology's full potential," said OpenAI in a recent blog post... The Fly notes that OpenAI investors include Microsoft (MSFT) Japan's SoftBank (SFTBY), and AI chip maker Nvidia (NVDA). Reference Link
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BAC | Hot Stocks15:15 EDT Users report problems with Bank of America online ops, says Downdetector - Reference Link
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VWAGY | Hot Stocks14:38 EDT Volkswagen of America reports Q3 sales increased 6% to 93,271 vehicles - Volkswagen of America released sales figures for Q3, reporting that sales increased 6% year-over-year to 93,271 vehicles, up from 87,756 units last year. Reference Link
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RR MBGYY | Hot Stocks14:31 EDT Richtech Robotics showcases Titan work at Mercedes-Benz of Cutler Bay - Richtech Robotics (RR) shared a video on X, saying that, "Mercedes-Benz of Cutler Bay has been one of our leading automotive partners taking advantage of Titan, our heavy-duty delivery robot, to streamline efficiency and let their employees get back to what they do best. Check out this video showcasing their team and Titan's work at their facility." Reference Link
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ESTA | Hot Stocks13:48 EDT Establishment Labs jumps after first patients receive Motiva breast implants - Shares of Establishment Labs are moving higher after the company announced that the first patients in the United States have successfully undergone breast augmentation with Motiva Implants. CEO Juan Jose Chacon-Quiros said in a statement, "With the FDA approval last week, we are experiencing high demand for Motiva Implants - both from surgeons and patients. The FDA approval came as we were attending the annual conference of the American Society of Plastic Surgeons. The response was overwhelming, and our team has already talked to more than 400 plastic surgeons post announcement. Since approval, we have already doubled our team to 25 sales reps across the United States, and our story of real innovation, backed by science and data, is resonating strongly. Everything we are seeing suggests that we can be the implant of choice in the United States." Shares of Establishment Labs are up 13% to $45.88 in midday trading.
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TPC | Hot Stocks13:45 EDT Tutor Perini JV awarded $113.3M P-541 missile integration test facility in Guam - Tutor Perini Corporation announced that the company, in a joint venture with its subsidiary, Black Construction Corporation, has been awarded a contract valued at approximately $113.3M by the Naval Facilities Engineering Systems Command, Pacific, for the P-541 Missile Integration Test Facility at Naval Base Guam. The scope of work for this project, under the Pacific Deterrence Initiative, includes construction of the test facility, comprised of a single-story concrete 57,664 square-foot structure on a deep pile foundation. The test facility will support missile processing spaces, a missile test cell with test control room, an administration area and storage and utility rooms. The scope of work also includes demolition of an existing building, associated site improvements and all other necessary supporting facilities. The new facility will include complete plumbing, air conditioning and ventilation, lighting and electrical power, telecommunications, life safety and fire protection systems, emergency power generator and associated fuel tank. Work is expected to begin shortly with substantial completion anticipated in December 2028. The contract value was added to the Company's backlog in the third quarter of 2024.
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AJG | Hot Stocks13:17 EDT Arthur J. Gallagher acquires Risk International; terms not disclosed - Arthur J. Gallagher & Co. announced that its alternative risk and capital solutions subsidiary, Artex, has acquired Fairlawn, Ohio-based RIBV Holdings, LLC, and its subsidiaries, collectively doing business as Risk International. Terms of the transaction were not disclosed. Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the U.S.
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WTW | Hot Stocks13:12 EDT WTW announces co-brokerage agreement with The J. Morey Company - WTW announced a co-brokerage arrangement with The J. Morey Company, Inc., an Ori-gen family company. The agreement is intended to align resources to deliver brokerage support and insurance solutions to North American exposures of companies with headquarters in Japan, WTW said in a statement.
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CNI... | Hot Stocks13:12 EDT North American rail traffic up 0.3% for the week ending September 28 - The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending September 28. For this week, total U.S. weekly rail traffic was 507,537 carloads and intermodal units, up 1.6% compared with the same week last year. Total carloads for the week ending September 28 were 227,046 carloads, down 3.5% compared with the same week in 2023, while U.S. weekly intermodal volume was 280,491 containers and trailers, up 6.2% compared to 2023. Four of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 2,435 carloads, to 20,941; motor vehicles and parts, up 732 carloads, to 16,705; and petroleum and petroleum products, up 617 carloads, to 10,782. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 6,955 carloads, to 60,885; nonmetallic minerals, down 3,168 carloads, to 30,583; and metallic ores and metals, down 1,863 carloads, to 21,213. North American rail volume for the week ending September 28, on 9 reporting U.S., Canadian and Mexican railroads totaled 338,087 carloads, down 3.6% compared with the same week last year, and 362,754 intermodal units, up 4.2% compared with last year. Total combined weekly rail traffic in North America was 700,841 carloads and intermodal units, up 0.3%. North American rail volume for the first 39 weeks of 2024 was 25,999,318 carloads and intermodal units, up 2.5% compared with 2023. Publicly traded companies in the space include CN (CNI), CSX (CSX), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC) Union Pacific (UNP), (TRN), Greenbrier (GBX), FreightCar America (RAIL), L.B. Foster (FSTR), Wabtec (WAB) and GATX (GATX). Reference Link
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HSY | Hot Stocks12:30 EDT Hershey moves higher after RBC flags price increases at Mars - The shares are up $1.07 in $192.88 in midday trading.
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LUCY | Hot Stocks12:13 EDT Innovative Eyewear announces new retail partners - Innovative Eyewear announces a "successful Vision Expo West show resulting in new optical stores carrying its smart frames," bringing the total number of stores carrying the company's smart eyewear to approximately 370. Harrison Gross, CEO of Innovative Eyewear, said: "Retailer feedback on our newest frames has never been better, with visitors to the booth commenting on markedly improved comfort, fit and sound quality over previous generations of our products. The new wrap models from the Reebok and Lucyd Armor collections were particularly well-received, as stylish and affordable entries to the smart eyewear market, with the potential to expand our reach to new sectors of safety and sport glasses users worldwide. It was also a delight to see people interacting with our new Lucyd Kiosk displays. Vision Expo remains an important focal point for the industry, and we look forward to meeting and acquiring even more retail partners at the next one in Orlando."
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FWONA FWONK | Hot Stocks12:08 EDT Formula 1, LVMH announce 10-year global partnership agreement - As Formula 1 (FWONA) prepares to celebrate its 75th anniversary in 2025, it was announced that LVMH (LVMUY) will become a Global Partner from 2025 in a new 10-year agreement. As part of the deal, several of LVMH's Maisons will be involved in the partnership, including Louis Vuitton, Moet Hennessy and TAG Heuer, LVMH said. Greg Maffei, President and CEO, Liberty Media, said: "LVMH and Formula 1 are two global brands that consistently push the boundaries of creativity and innovation, values core to Liberty Media. We were thrilled to work with one of the LVMH Maisons during the Las Vegas Grand Prix last year, and to now expand our relationship with the Group as they become a Global Partner. The opportunity to scale our commercial arrangements is emblematic of the vision we have for Formula 1 as the business continues to grow its platform. We look forward to working with Bernard and Frederic Arnault in the years to come." While terms of the deal weren't disclosed, The Daily Mail reports that the deal is worth more than $1B. Reference Link
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BMO | Hot Stocks12:02 EDT BMO appoints Kristin Milchanowski as chief AI, data officer - BMO announced the appointment of Kristin Milchanowski as its new Chief Artificial Intelligence and Data Officer, effective October 15, 2024. Kristin will drive BMO's Artificial Intelligence, data, analytics, and robotics strategies and supporting technologies, championing a transformative AI roadmap that optimizes and enhances business value. Additionally, she will focus on data management and data governance across the organization, deepening the bank's robust and established culture of innovation and accountability. Most recently, Kristin was a Global Innovation Partner / Principal at EY, focused on AI, High Process Computing and Quantum technologies.
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MSC | Hot Stocks12:01 EDT Studio City rises 11.8% - Studio City is up 11.8%, or 89c to $8.47.
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JOBY | Hot Stocks12:01 EDT Joby Aviation rises 19.6% - Joby Aviation is up 19.6%, or 94c to $5.74.
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HKD | Hot Stocks12:01 EDT AMTD Digital rises 20.0% - AMTD Digital is up 20.0%, or 64c to $3.84.
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AGL | Hot Stocks12:01 EDT Agilon Health falls -11.7% - Agilon Health is down -11.7%, or -43c to $3.24.
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CURV | Hot Stocks12:00 EDT Torrid falls -13.8% - Torrid is down -13.8%, or -53c to $3.31.
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HUM | Hot Stocks12:00 EDT Humana falls -17.6% - Humana is down -17.6%, or -$49.06 to $230.39.
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RDY GILD | Hot Stocks11:48 EDT Dr. Reddy's signs licensing agreement with Gilead for lenacapavir in India - Dr. Reddy's Laboratories has entered into a royalty-free non-exclusive voluntary licensing agreement with Gilead Sciences Ireland UC for the manufacture and commercialisation of the drug, Lenacapavir, in India and 120 other countries.Dr. Reddy's has been granted a non-exclusive voluntary licence to manufacture Lenacapavir and market it in 120 countries, for the current approved indication of HIV treatment in heavily treatment-experienced adults with multi-drug resistant HIV. Dr. Reddy's will be responsible for technology transfer at its manufacturing site, conducting bioequivalence/clinical studies, product registration and launch in the agreed markets. Additionally, the agreement grants licence to Dr. Reddy's to manufacture and commercialise lenacapavir for the indication of prevention of HIV in 120 countries, if approved.
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GSUN | Hot Stocks11:41 EDT Golden Sun Health Technology Group Ltd trading resumes
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GSUN | Hot Stocks11:36 EDT Golden Sun Health Technology Group Ltd trading halted, volatility trading pause
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DAL | Hot Stocks11:29 EDT Delta signs codeshare agreement with Saudia Airlines - Delta Air Lines signed a codeshare agreement with Saudia Airlines, the national flag carrier of Saudi Arabia. The agreement builds on the airlines' existing interline relationship and will expand the choice of destinations for Delta customers between North America and the Arabian Peninsula. The carriers have applied for necessary codesharing authority and will start selling codeshare itineraries once all government approvals have been received. The codeshare agreement will enable greater connectivity between the United States and the Middle East. Delta customers will gain access to nine destinations in Saudi Arabia and the Middle East beyond Saudia's hubs in Jeddah and Riyadh. Saudia guests will gain access to 12 destinations in the U.S. beyond Delta's hubs at JFK and LAX airports. The pact is subject to U.S. DOT government approval.
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GOOG... | Hot Stocks11:23 EDT Waymo launching autonomous rides in Austin via Uber app - Alphabet's Waymo said via X, "This week, we're beginning to welcome riders in Austin from our interest list to try our fully autonomous ride-hail experience. Riders will travel across 37 square miles of the city, as we prepare for our commercial launch early next year - exclusively on the Uber app."
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BAESY | Hot Stocks11:02 EDT BAE Systems awarded $6M Phase 2 contract from U.S. DARPA - The U.S. Defense Advanced Research Projects Agency has awarded BAE Systems a $6M Phase 2 contract to continue to develop software that autonomously configures tactical networks for mission-critical communications. The award follows Phase 1 of the Mission-Integrated Network Control program. The MINC program seeks to build and demonstrate an integrated, advanced capability that creates a secure communications network to support multi-domain operations. Under the terms of the Phase 2 contract, BAE Systems' FAST Labs research and development organization will continue to advance the algorithms and software that anticipate and dynamically adapt network services to dramatically improve mission outcomes.
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LW | Hot Stocks10:42 EDT Lamb Weston sees about $500M spent over next five years on wastewater - According to a transcript of the Lamb Weston earnings call, company executives stated: "Our manufacturing processes involve water intake and waste handling and disposal activities, which are subject to a variety of environmental laws and regulations, along with the requirements of permits issued by governmental authorities. To comply with these regulations, we expect the laws in the states in which we operate will require us to spend approximately $500 million over the next five years. The estimate to comply may vary based on changes in regulation and other factors. We're evaluating options to lessen these expenditures, including the potential for government incentives." Responding to an analyst follow-up question, the company added: "As it relates to the $500 million, again, this is related to primarily wastewater capital investments that will be needed at our manufacturing plants in order to continue to run them at current capacity levels. So, as we look at the timing of that, that's going to vary depending on different regulatory regulations. And we'll provide more of an update on that as we give our specific guidance. We wanted to, though, frame it up in terms of a large capital expenditure over the next five years. And we will certainly be looking to other regulatory bodies, whether it be state, federal, etcetera, in terms of whether or not there's opportunities for any government incentives to lessen that. But early in that process and we'll provide updates as we move throughout."
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GILD | Hot Stocks10:37 EDT Hetero signs licensing agreement with Gilead expanding access to Lenacapavir - Hetero announced a new partnership with Gilead Sciences Ireland UC for a non-exclusive, royalty-free voluntary licensing agreement to manufacture and distribute lenacapavir in 120 primarily low- and lower- middle income countries. This agreement will broaden access to lenacapavir, the innovative HIV treatment used in combination with other antiretrovirals and will support efforts to prevent HIV through pre-exposure prophylaxis. This collaboration marks a significant step in expanding access to life-saving treatments for heavily treatment-experienced patients with multi-drug-resistant HIV and offers a promising option for HIV prevention in underserved regions. Lenacapavir is a breakthrough HIV-1 capsid inhibitor that works with other antiretroviral drugs to treat multi-drug-resistant HIV-1 infections. It has a unique ability to target multiple stages of the HIV lifecycle, making it highly effective for patients with limited treatment options.
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MTRN | Hot Stocks10:37 EDT Materion says implemented additional cost control actions - In a regulatory filing last night, Materion stated that the company has implemented additional cost control actions to mitigate the impact of lower value-added sales and "expects to deliver strong adjusted EBITDA margins above the 20% mid-term target."
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WHLR | Hot Stocks10:11 EDT Wheeler Real Estate Investment Trust trading resumes
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WHLR | Hot Stocks10:06 EDT Wheeler Real Estate Investment Trust trading halted, volatility trading pause
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WBA | Hot Stocks10:01 EDT Walgreens Boots Alliance launches Student Loan 401(k) Match Program - Walgreens announced the launch of the Walgreens Student Loan 401(k) Match Program. This new benefit, available beginning in January 2025, will allow team members to qualify for company 401(k) match contributions as they pay down their student loans.
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YRD | Hot Stocks10:00 EDT Yirendai rises 11.9% - Yirendai is up 11.9%, or 87c to $8.17.
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XYF | Hot Stocks10:00 EDT X Financial rises 12.3% - X Financial is up 12.3%, or 91c to $8.30.
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OCFT | Hot Stocks10:00 EDT OneConnect rises 13.8% - OneConnect is up 13.8%, or 38c to $3.13.
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TRP | Hot Stocks10:00 EDT TC Energy falls -8.8% - TC Energy is down -8.8%, or -$4.24 to $44.13.
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AGL | Hot Stocks10:00 EDT Agilon Health falls -14.4% - Agilon Health is down -14.4%, or -53c to $3.14.
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HUM | Hot Stocks10:00 EDT Humana falls -21.6% - Humana is down -21.6%, or -$60.44 to $219.01.
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CAG | Hot Stocks09:49 EDT Conagra Brands falls -6.8% - Conagra Brands is down -6.8%, or -$2.22 to $30.50.
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TRP | Hot Stocks09:48 EDT TC Energy falls -8.4% - TC Energy is down -8.4%, or -$4.04 to $44.33.
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HUM | Hot Stocks09:48 EDT Humana falls -22.4% - Humana is down -22.4%, or -$62.46 to $216.99.
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GOTU | Hot Stocks09:47 EDT Gaotu Techedu rises 12.2% - Gaotu Techedu is up 12.2%, or 48c to $4.42.
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STLA | Hot Stocks09:47 EDT Stellantis' FCA reports Q3 U.S. sales down 20% to 305,294 vehicles - Yesterday, FCA US reported total sales of 305,294 vehicles in the third quarter of 2024. Overall, third-quarter 2024 total U.S. sales declined 20% year over year. Total market share increased month over month during the third quarter from 7.2% in July to 8% in September while inventory was reduced by 50,000 units, or 11.6%, the company explained. "At the beginning of Q3, we introduced an aggressive incentive program across our U.S. brand portfolio that with significant competitive updates made in August and September resulted in the reduction of dealer inventory by over 50,000 units through the end of the quarter, down 11.6%. These cross-brand incentives, which will continue through the end of the year, also helped to deliver consecutive month total share growth in Q3 from 7.2% in July to 8% in September. We continue to take the necessary actions to drive sales and prepare our dealer network and consumers for the arrival of 2025 models," said Matt Thompson, head of U.S. retail sales. Reference Link
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JOBY | Hot Stocks09:47 EDT Joby Aviation rises 16.9% - Joby Aviation is up 16.9%, or 81c to $5.61.
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OCFT | Hot Stocks09:47 EDT OneConnect rises 18.9% - OneConnect is up 18.9%, or 52c to $3.27.
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IMMX | Hot Stocks09:35 EDT Immix Biopharma: Ex-US study of NXC-201 produced 92% ORR in r/r AL Amyloidosis - Immix Biopharma announced advances in the NEXICART-2 clinical study of its CAR-T NXC-201 for relapsed/refractory AL Amyloidosis, a plasma cell disorder that leads to progressive damage to the heart, kidney and liver, which currently affects approximately 33,000 patients in the U.S. Immix Biopharma's sterically-optimized CAR-T NXC-201 is the only one-time CAR-T treatment option being studied for relapsed/refractory AL Amyloidosis in U.S. clinical trials."We are pleased to report that the NEXICART-2 study is making excellent progress. We are now one step closer to providing a new treatment option for patients with relapsed/refractory AL Amyloidosis, where no FDA drugs are approved today," said Ilya Rachman, M.D., Ph.D., Chief Executive Officer of Immix Biopharma. "Robust enrollment reflects the enthusiasm of clinical investigators for CAR-T NXC-201." "Positive data from our ex-US study of NXC-201, the largest CAR-T clinical study in relapsed/refractory AL Amyloidosis to-date, showed a 92% overall response rate and a 28.0 month duration of response, presented at ASGCT 2024," said Gabriel Morris, Chief Financial Officer of Immix Biopharma. The NEXICART-2 study is intended to evaluate the safety and efficacy of NXC-201 in relapsed/refractory AL Amyloidosis patients with adequate cardiac function who have not been exposed to prior BCMA-targeted therapy. Advancement to the second dosing cohort of three patients at 450 million CAR-T cells will dose one patient with NXC-201 every 28-days, subsequently enabling multiple patients to be dosed per month in NEXICART-2. Each of the NEXICART-2 dose levels have produced complete responses in relapsed/refractory AL Amyloidosis patients in the ex-U.S. NEXICART-1 study presented at ASGCT 2024.
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LIFW PLTR | Hot Stocks09:28 EDT MSP Recovery acquires assignment of additional MSP claims - MSP Recovery, Inc. d/b/a LifeWallet, as previously announced on August 2, 2024, entered into a definitive agreement with Hazel Partners Holdings consistent with the letter agreement.1 LifeWallet acquired the recovery rights to claims as per its assignment of additional Medicare Secondary Payer claims consisting of more than 450,000 Medicare members, as documented by health insurance plans, with an estimated total claims paid amount exceeding $10.6 billion. This latest assignment of Medicare Secondary Payer claims exemplifies LifeWallet's continued progress in acquiring additional healthcare claims, paving the way for the discovery and potential recovery of improperly paid claims on the part of Medicare Payers. Because of LifeWallet's existing settlements with insurance companies, any claims pertaining to insurance companies that have already been settled, would be processed under the terms of the settlement without having to resort to costly and time-consuming litigation. In addition to providing historic claims payment reconciliation, these claims will be onboarded onto the LifeWallet Palantir clearinghouse system, a sophisticated data analytics system created through an exclusive healthcare partnership with Palantir Technologies (PLTR). This system utilizes the Palantir Foundry platform through the development of new technological tools and machine learning. It captures and manages healthcare data effectively, enhancing the identification of improper payments. This further enhances LifeWallet's Chase to Pay model, utilizing its extensive legal infrastructure to enforce Primary Payer obligations through years of federal and state litigation to the extent the health insurance plans are signed. The Company continues to create reimbursement recovery solutions for health insurance plans and healthcare providers, discovering Medicare liens owed to them, capturing instances where another payer should be paying for medical bills, saving the health insurance plans money by not having to pay claims they are not responsible for, and recovering conditional payments from responsible primary payers, such as property and casualty insurers. LifeWallet also announces the waiver of a payment acceleration clause pursuant to a material credit agreement. Hazel Partners Holdings agreed to waive a provision of the Second Amended and Restated Credit Agreement, as amended, that otherwise would have accelerated the payment of amounts due in the event that the Company receives a negative going concern opinion from its auditors. This waiver only applies in the event that the Company receives a negative going concern opinion for the fiscal year ending December 31, 2024. This is in addition to a previous waiver of acceleration also granted by its largest creditor, Virage Capital Partners . On September 6, 2024, Virage agreed to waive a provision of the Company's Master Transaction Agreement that would accelerate the payment of amounts due to Virage in the event the Company receives a negative going concern opinion from its auditors for the year ending December 31, 2024. The company continues to work on expense reductions and efforts to restructure existing debt while monitoring its deployment of cash and increasing its liquidity inflows.
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IGXT ATAI | Hot Stocks09:26 EDT IntelGenx granted court approcal of sale proposal from Atai Life Sciences - IntelGenx Technologies (IGXT) announces that the Company and its subsidiary IntelGenx have obtained on September 30, 2024 an approval and vesting order from the Superior Court of Quebec issued in connection with the previously announced proceedings instituted pursuant to the Companies' Creditors Arrangement Act. The Approval and Vesting Order approved the previously announced transactions contemplated in the sale proposal from atai Life Sciences AG (ATAI), as well as the implementation of a reorganization of the IGX Entities that involves: the incorporation of two new entities to ultimately hold certain excluded liabilities of IGX and certain excluded assets, and the exchange of the shares of IGX, on a one-for-one basis, for common shares of New ParentCo. Pursuant to the Transaction, which closed on October 2, 2024, atai acquired all of the issued and outstanding shares of IGX. The Transaction was structured as a credit bid, whereby atai agreed that its senior secured debt in IntelGenx was discharged in exchange for IGX shares. No atai equity or cash was exchanged in connection with this Transaction. Based on the terms of the Transaction and the consideration received by New ParentCo, holders of the Company's shares will not receive any payments for, or distributions on, their shares in connection with the CCAA proceedings. It is also expected that the Company, Residual IGX and New ParentCo, entities that will hold the remaining assets and liabilities that atai chose not to purchase as part of the Transaction, will file for bankruptcy in the coming weeks under the laws of their respective jurisdictions.
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DCBO | Hot Stocks09:25 EDT Docebo, TEDAI Vienna team for Europe's inaugural AI conference - Docebo teaming with TEDAI for the highly anticipated TEDAI Vienna event. Docebo will serve as the official business learning partner for the conference, which will take place from October 17-19 in Vienna, Austria. TEDAI Vienna is Europe's first TED conference exclusively dedicated to artificial intelligence. As the TEDAI business learning partner, Docebo will play a pivotal role in shaping how enterprises and organizations leverage AI to transform workplace learning and development. This partnership aligns with TEDAI Vienna's mission to explore the profound impact of AI on society by bringing together global thought leaders, innovators, and experts across various industries. Alessio Artuffo, Docebo's President and CEO commented, "We are excited to collaborate with TEDAI at this landmark event. Our partnership will allow us to showcase the transformative power of AI in enterprise learning and how it will reshape the future of work. By developing our AI capability alongside our customers, we are building technology that supports learning goals while driving productivity, efficiency, and business success. TEDAI Vienna offers the perfect platform to demonstrate these customer-centric innovations."
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MDXXF | Hot Stocks09:24 EDT PharmAla to supply Harvard's Maclean Hospital with LaNeo MDMA - PharmAla Biotech has been contracted as a supplier of MDMA to a clinical trial at Harvard's Maclean Hospital, the largest neuroscientific and psychiatric private research hospital in the world.
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F | Hot Stocks09:20 EDT Ford reports Q3 U.S. sales up 0.7% to 504,039 vehicles - Ford reports Q3 total vehicles sales of 504,039, up 0.7% compared to the same quarter of last year. Ford reports Electric Vehicle sales of 23,509, up 12.2% year-over-year; Hybrid Vehicle sales of 48,101, up 38.0%; and Internal Combustion sales of 432,429 vehicles, down 2.8% from last year. Reference Link
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CERO | Hot Stocks09:19 EDT Cero Therapeutics appoints Al Kucharchuk as CFO, Kristen Pierce as CDO - CERo Therapeutics announces key appointments to the Company's management team to support recently named interim CEO, Chris Ehrlich. Andrew Albert "Al" Kucharchuk has been named CFO and Kristen Pierce, Ph.D., has been appointed Chief Development Officer. Kucharchuk joins CERo from Nukkelous, Inc. and Chain Bridge I, Inc., both Nasdaq-traded companies where he served as CFO. Prior to joining CERo, Kristen was Vice President, Translational Medicine at Pionyr Therapeutics.
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EGRX | Hot Stocks09:18 EDT Eagle Pharmaceuticals says in default under credit agreement - In a regulatory agreement, Eagle Pharmaceuticals said: "Under the terms of the Third Amended and Restated Credit Agreement, dated November 1, 2022, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended by that certain Limited Waiver and First Amendment Agreement to the Third Amended and Restated Credit Agreement, dated as of January 12, 2024, as further amended by that certain Second Amendment to Third Amended and Restated Credit Agreement, dated as of February 29, 2024, as further amended by that certain Third Amendment to Third Amended and Restated Credit Agreement, dated as of May 14, 2024, and as further amended by that certain Limited Waiver and Fourth Amendment to Third Amended and Restated Credit Agreement, dated as of August 26, 2024, the Company was required to, among other things, deliver to the Administrative Agent and the Lenders, by not later than September 30, 2024, (a) annual audited financial statements for the fiscal year ended December 31, 2023, reported on by the Company's independent public accountant to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Company and its consolidated subsidiaries in accordance with GAAP, (b) restated quarterly financial statements for the fiscal quarter ended June 30, 2023, (c) quarterly financial statements for the fiscal quarters ended September 30, 2023, March 31, 2024, and June 30, 2024 and (d) concurrently with delivery of each of the financial statements referred to in the foregoing clauses (a) through (c), a certificate by one of its officers that such financial statements present fairly in all material respects the financial condition and results of operations of the Company and its consolidated subsidiaries in accordance with GAAP for the respective fiscal period. As a result of the matters described in Item 4.02 above, the Company is not able to satisfy the Existing Reporting Requirements, which such failure constitutes an event of default under the Credit Agreement. Further, in connection with the non-reliance determination described in Item 4.02, the Company has concluded that the financial statements for the fiscal periods within the Non-Reliance Period previously delivered to the Administrative Agent and the Lenders did not present fairly in all material respects the financial condition and results of operations of the Company and its consolidated subsidiaries for the reasons described above and were not prepared in accordance with GAAP, which gave rise to an event of default under the Credit Agreement. During the continuance of an event of default, the Administrative Agent may, with the consent of the required Lenders, and shall, at the request of the required Lenders, by notice to the Company, terminate undrawn commitments, declare the loans then outstanding to be due and payable in full and/or exercise other remedies available to it, among other things. In addition, the Company's obligations under the Credit Agreement are secured by a pledge of substantially all of the Company's and its subsidiaries assets. If the Company is unable to pay its obligations, the Administrative Agent on behalf of the Lenders could proceed to protect and enforce their rights under the Credit Agreement, including by foreclosure on the assets securing the Company's obligations under the Credit Agreement. If certain bankruptcy related events of default specified in the Credit Agreement occur, the commitments will be terminated and the obligations of the Company under the Credit Agreement will become due and payable automatically without any action by the Administrative Agent or the Lenders. The foregoing would materially and adversely affect the Company's business and financial condition. The Company is in discussions with the Lenders regarding the foregoing matters."
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AREB | Hot Stocks09:17 EDT American Rebel ships re-stocking order from Kansas' Standard Beverage - American Rebel Holdings announced their operating subsidiary American Rebel Beverages, received a multi-pallet re-stocking order for 12-packs of 12oz cans from Kansas' Standard Beverage. The Standard Beverage order was shipped from the Company's recently completed full production run of American Rebel Light Beer's 12 oz cans. Demand for American Rebel Premium Light Lager continues to build at a rapid pace and the Company continues to process new orders, reorders and distributor agreements, and will announce those as they are finalized.
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BEN ENV | Hot Stocks09:16 EDT Franklin Resources announces expanded partnership with Envestnet - Franklin Templeton (BEN) announced an expanded partnership with Envestnet (ENV) to deliver tax-managed, personalized strategies at scale through its Canvas Custom Indexing platform, as a component of the previously announced strategic partnership between the firms. Canvas, will be available to Envestnet's extensive client base of advisors across banks, wealth management and brokerage firms, as well as RIAs.
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TNFA | Hot Stocks09:12 EDT TNF Pharmaceuticals announces investment from Prevail Partners - TNF Pharmaceuticals announced that it has secured a strategic equity investment, priced at a 20% premium to a 30-trading days volume weighted average price, from Prevail Partner, a U.S. investment fund focused on life sciences companies. The company has engaged global full-service clinical research organization Prevail InfoWorks, Inc., an affiliate of Prevail Partners, to provide clinical services for the next Phase 2 clinical study using our proprietary drug in sarcopenia/frailty. Prevail Partners has agreed to purchase 283,019 shares of TNFA common stock at a price of $2.12 per share, representing a 20% premium to the company's 30-trading days VWAP as of the closing date of October 1, 2024.
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JNJ | Hot Stocks09:11 EDT Johnson & Johnson announces ERLEADA provided overall survival benefit - Johnson & Johnson announced the results of a real-world, head-to-head study showing that ERLEADA provided a statistically significant overall survival benefit at 24 months compared to enzalutamide in patients with metastatic castration-sensitive prostate cancer, mCSPC. Presented at the 6th European Congress of Oncology Pharmacy, ECOP, in Lisbon, Portugal, on October 2, this study of nearly 4,000 patients represents the largest real-world, head-to-head analysis of these two androgen receptor pathway inhibitors, ARPIs, in mCSPC. The analysis demonstrated patients with mCSPC who initiated ERLEADA as their first ARPI had a statistically significant 23 percent reduction in their risk of death at 24 months compared to patients who initiated on enzalutamide. The proportion of patients alive at 24 months observed in the ERLEADA cohort in this real-world analysis is consistent with that in the Phase 3 TITAN trial. TITAN demonstrated a statistically significant superior overall survival benefit of ERLEADA plus androgen deprivation therapy compared to ADT alone at the primary analysis after a median 22.7 months of follow-up and at the final analysis after a median 44 months of follow-up.
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EGRX | Hot Stocks09:11 EDT Eagle Pharmaceuticals commences review to evaluate range of alternatives - The company has commenced a review process to evaluate a range of potential financing and other alternatives to strengthen its liquidity position and capital structure. There is no deadline or definitive timetable for the completion of this process, and there can be no assurance as to its outcome. The company does not intend to disclose or comment on further developments with respect to this process unless and until it determines that further disclosure is required by law or it otherwise deems appropriate.
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EGRX | Hot Stocks09:11 EDT Eagle Pharmaceuticals delays annual report on Form 10-K filing - In a regulatory filing, Eagle Pharmaceuticals said that on October 1, the company notified the hearings panel of The Nasdaq Stock Market LLC that the company did not anticipate filing its previously anticipated comprehensive Annual Report on Form 10-K for the period ended December 31, 2023, including restated financial information for the period ended June 30, 2023, financial information for the period ended September 30, 2023 and financial statements for the period ended December 31, 2023, a separate Quarterly Report on Form 10-Q for the period ended March 31, 2024, or a separate Quarterly Report on Form 10-Q for the period ended June 30, 2024 by the dates required to regain compliance with Nasdaq Listing Rules. On October 1, 2024, the company received a notice from the Panel stating that it had determined to delist the company's common stock from Nasdaq and, effective at the open of business on October 3, 2024, to suspend trading of the company's common stock on Nasdaq, as a result of the company's failure to comply with the terms of the previously disclosed extension granted by the Panel to regain compliance with the Listing Rule. Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the U.S. SEC after applicable appeal periods have lapsed, which will remove the company's securities from listing and registration on Nasdaq. The company has not requested that the Nasdaq Listing and Hearing Review Council review the Panel's decision. Following the suspension of trading in the company's common stock on Nasdaq, the company expects that its common stock will be eligible for trading on the OTC Expert Market. As a result of the foregoing, the price of the company's common stock will likely be adversely affected and there will be a decrease in the liquidity of the company's common stock.
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TSLA | Hot Stocks09:09 EDT Tesla falls 3% to $250.02 following Q3 production report
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EGRX | Hot Stocks09:09 EDT Eagle Pharmaceuticals sees 'one or more' material weaknesses - In a regulatory filing, Eagle Pharmaceuticals said that on September 27, the Audit Committee of the Board of Directors of the company, based on the recommendation of, and after consultation with, the company's management, concluded that revenue previously recognized related to a sale of PEMFEXY in the second quarter of 2022 did not meet certain criteria of Financial Accounting Standards Board Accounting Standards. The company previously recognized revenue upon delivery to a wholesale customer but has now determined that revenue from this transaction should be deferred and recognized in later periods to the extent certain criteria have been achieved. As a result, the Audit Committee determined that the company's audited financial statements for the fiscal year ended December 31, 2022, and unaudited financial statements for the quarters ended June 30, 2022, September 30, 2022, and March 31, 2023, as previously filed with the SEC, should no longer be relied upon and should be restated. The company has been preparing a restatement of its financial statements for the three and six months ended June 30, 2023. In addition, as previously disclosed, the company's review and preparation of its financial statements for the quarter ended September 30, 2023, the year ended December 31, 2023 and the quarters ended March 31, 2024 and June 30, 2024 have been delayed and remain ongoing. As a result of the foregoing, the company expects to conclude that one or more material weaknesses related to the foregoing matters existed in the company's internal control over financial reporting and that the company's disclosure controls and procedures were not effective for each of the fiscal periods within the Non-Reliance Period, and as of September 30, 2023 and December 31, 2023. In addition, as previously disclosed, the company has identified material weaknesses in its internal control over financial reporting that existed as of June 30, 2023 and concluded that the company's disclosure controls and procedures were ineffective as of June 30, 2023. The company is continuing to evaluate its internal control over financial reporting and its remediation plan with respect thereto. The company is completing its review of the foregoing matters and any other potential items for correction as needed. The company has not yet determined the impact in each quarter and will re-evaluate the net revenue recognized related to certain sales of PEMFEXY, beginning in the second quarter of 2022 and through the Non-Reliance Period.
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KZIA | Hot Stocks09:09 EDT Kazia Therapeutics announces presentation of Phase 1 data on paxalisib - Kazia Therapeutics announced the presentation of data from a Phase I study evaluating concurrent paxalisib and radiation therapy in patients for the treatment of solid tumor brain metastases or leptomeningeal metastases harboring PI3K pathway mutations at the American Society for Radiation Oncology 66th Annual Meeting, ASTRO 2024, which is taking place from September 29 - October 2, 2024, in Washington, D.C. Summary Results from Part II of Phase 1 Study: Concurrent daily administration of paxalisib with brain radiotherapy was generally well-tolerated at a maximum dose of 45 mg per day in advanced solid tumor patients with brain metastases and PI3K pathway mutations; The most commonly reported adverse events in the study were nausea, vomiting and hyperglycemia; Established proof-of-principle for molecularly-selected, rational combination studies in radiation oncology to assess safety and ultimately efficacy; Treatment with 45mg paxalisib and radiotherapy demonstrated a 67% PR; and Over two-thirds of the patients at MTD achieved intracranial response which compares favorably to historical response rates for WBRT alone.
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CMCSA CHTR | Hot Stocks09:07 EDT NBC Universal, Charter announce renewal agreement - NBCUniversal (CMCSA) and Charter Communications (CHTR) announced a content distribution agreement that further transforms the rapidly shifting video landscape by adding NBCUniversal's Peacock, NBCUniversal's streaming service, for Spectrum TV Select video customers. Through this mutually beneficial multi-year deal, Charter will continue its carriage of NBCUniversal's full portfolio of broadcast, entertainment, Hispanic, news and sports networks while advancing its industry-leading strategy of including streaming apps in the cable bundle by making ad-supported Peacock available to Spectrum TV Select customers at no additional cost in the coming months.
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ELYM | Hot Stocks09:07 EDT Eliem Therapeutics to change corporate name to Climb Bio - Eliem Therapeutics announced that it will change its corporate name to Climb Bio. The new name and corporate brand reflect the Company's new mission to develop a pipeline focused on immune-mediated diseases, following its acquisition of Tenet Medicines, Inc. In conjunction with the corporate name change, the Company will begin trading under the new ticker symbol "CLYM" on the Nasdaq Global Market at the open of the market on October 3. Budoprutug, formerly TNT119, is an anti-CD19 monoclonal antibody designed to deplete CD19-positive B cells, including antibody-secreting cells, in order to directly reduce pathogenic autoantibodies. The reduction of autoantibodies has the potential to be disease-modifying in autoantibody-driven diseases, such as systemic lupus erythematosus, immune thrombocytopenia, and membranous nephropathy. In a Phase 1b clinical trial of budoprutug in membranous nephropathy, 3 out of 5 of patients that received four doses of budoprutug achieved a complete remission of proteinuria, a primary symptom of membranous nephropathy.
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KSCP | Hot Stocks09:06 EDT Knightscope regains full compliance with Nasdaq listing standards - Knightscope announces that it received a letter from The Nasdaq Stock Marke on October 1 confirming that the Company has regained compliance with the Nasdaq's minimum bid price requirement...As previously disclosed, on June 4 , a Nasdaq Hearings Panel granted the Company an extension to comply with the Listing Rule 5550a2 , which required the Company to maintain a minimum bid price of $1 per share for a minimum of 10 consecutive trading days to regain compliance.
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GWW | Hot Stocks09:06 EDT Grainger begins construction on massive distribution center - Grainger joined community members and officials from the greater Houston metropolitan area to ceremonially break ground for the company's 1.2 million-square-foot Houston Texas Distribution Center in Harris County on Tuesday, Oct. 1.
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CIEN | Hot Stocks09:06 EDT Ciena announces $1B share repurchase program - Ciena announced that its board of directors has authorized a program to repurchase up to $1B of the company's common stock, commencing in fiscal year 2025 and continuing through the end of fiscal year 2027.
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VZ | Hot Stocks09:05 EDT Verizon appoints Santiago Tenorio as Chief Technology Officer - Verizon Communications announced the appointment of Santiago "Yago" Tenorio as Chief Technology Officer and SVP of Strategy and Technology Enablement. Tenorio brings more than 25 years of technical expertise in the wireless industry to lead the next chapter of Verizon technology innovation. Tenorio will report directly to Joe Russo, Executive Vice President & President, Global Network and Technology. Tenorio spent his 25-year career at Vodafone building high-performance teams and is recognized for his expertise in architecting Vodafone's Open RAN, Cloud Networking and Network APIs. He and his team oversaw all Network technology related decisions and defined the company's technology roadmap across mobile and fixed networks. Previously, he served as CTO for Vodafone Ireland and Chief Network Officer in the UK, successfully leading Vodafone's network coverage for the 2012 London Olympics.
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ANSS | Hot Stocks09:05 EDT Faraday Technology expands its use of Ansys technology - Faraday Technology Corporation is expanding its use of Ansys technology to enhance its capabilities in developing advanced designs for multi-die 2.5D/3D-ICs - critical for artificial intelligence, IoT, and 5G applications. With support from Ansys, Faraday will empower its customers to explore more robust design options for more innovative products. Adding RaptorX into the design flow will enable Faraday to increase precision and efficiency in its development process. Moreover, it enables predictively accurate EM modeling and analysis for advanced 3D-IC products, ensuring data transfer meets stringent modern standards.
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AMZN | Hot Stocks09:05 EDT Amazon Business announces Business Prime Rewards, membership discount - Amazon Business announced Business Prime Rewards and a big discount to Business Prime Essentials membership. Business Prime Rewards is an exclusive benefit for Business Prime members giving business buyers the option to earn up to $1,000 annually on qualifying purchases while shopping on Amazon Business. Amazon Business customers with a personal Prime membership can access the first tier of Business Prime membership for free, or upgrade to the next tier for just $9.99 in their first year, at a discount of nearly 95%. New Business Prime members can also take advantage of this discount.
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ZENA | Hot Stocks09:04 EDT ZenaTech subsidiary granted exemption by FAA for commercial applications - ZenaTech announced that its subsidiary company, ZenaDrone, has been granted an exemption by the Federal Aviation Authority, or FAA, for visual line-of-sight commercial applications and data collection in the United States, subject to specified conditions and limitations. This approval enables live testing and evaluation of the ZenaDrone 1000 product with US-based partners and potential customers, and live demonstration of the product's capabilities may commence at US drone tradeshow and exhibit events. The ZenaDrone 1000 is an autonomous drone product designed for stable flight, maneuverability, heavy lift capabilities, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use.
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KD MSFT | Hot Stocks09:04 EDT Kyndryl launches services to speed adoption of AI-powered workplace solution - Kyndryl (KD) unveiled an expanded portfolio of services around Copilot for Microsoft (MSFT) 365 to speed AI adoption in the workplace. Microsoft Gen AI for the workplace by Kyndryl includes services that will help customers maximize the business impact of Copilot for Microsoft 365. Kyndryl's new services drive high-impact use cases by aligning data services, data extensibility, user interface design, and continuous improvement reporting. The services are designed to empower customers by enhancing decision-making, streamlining operations, and driving digital transformation, while accelerating deployment and adoption of Copilot for Microsoft 365 services
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TSLA | Hot Stocks09:03 EDT Tesla reports Q3 deliveries of 462,890, production of 469,796 vehicles - Tesla stated: "In the third quarter, we produced approximately 470,000 vehicles, delivered approximately 463,000 vehicles and deployed 6.9 GWh of energy storage products." Tesla will post its financial results for the third quarter of 2024 after market close on Wednesday, October 23, the company noted. Reference Link
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TBLA | Hot Stocks09:03 EDT Taboola announces partnership with Jounce Media - Taboola announced a partnership with Jounce Media, an industry leader in programmatic supply chain management, to verify that the Taboola Select publisher network is free from Made for Advertising properties. According to industry data, a substantial portion of advertising dollars are spent on Made for Advertising sites, with 15% of ad spend classified as MFA. Through this new partnership with Jounce Media, Taboola will utilize Jounce's MFA-detection technology and data, alongside proprietary machine learning models and procedures, to guarantee the exclusion of MFA publishers from Taboola Select.
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RTX | Hot Stocks09:02 EDT RTX to develop ultra-wide bandgap semiconductors for DARPA - Raytheon, an RTX business, has been awarded a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors, or UWBGS, based on diamond and aluminum nitride technology that revolutionize semiconductor electronics with increased power delivery and thermal management in sensors and other electronic applications. "This is a significant step forward that will once again revolutionize semiconductor technology," said Colin Whelan, president of Advanced Technology at Raytheon. "Raytheon has extensive proven experience developing similar materials such as Gallium Arsenide and Gallium Nitride for Department of Defense systems. By combining that pioneering history and our expertise in advanced microelectronics, we'll work to mature these materials towards future applications."
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CNI | Hot Stocks09:02 EDT Gate's Cascade Investment sells 5.99M shares of CN - Cascade Investment announced that it has disposed of 5,994,691 common shares of CN by transferring ownership and control of the shares in a private transaction for no consideration. Following the disposition, Cascade owns 3,539,451 CN shares, representing approximately 0.56% of the issued and outstanding stock. As the sole member of Cascade, Bill Gates beneficially owns the shares owned by Cascade. In addition, the Bill & Melinda Gates Foundation Trust owns 54,826,786 common shares of CN, representing approximately 8.71% of the issued and outstanding stock.
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TM JOBY | Hot Stocks09:00 EDT Toyota to invest additional $500M in Joby Aviation - Toyota Motor Corporation (TM) and Joby Aviation, Inc. (JOBY) announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility. "Today's investment builds on nearly seven years of collaboration between our companies," said JoeBen Bevirt, founder and CEO, Joby Aviation. "The knowledge and support shared by Toyota have been instrumental in Joby's success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel."
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FEAM | Hot Stocks08:56 EDT 5E Advanced Metals appoints Mark Zamek as VP, commercial products - 5E Advanced Materials announced the appointment of Mark Zamek to its senior leadership team. Mr. Zamek joins the Company as its Vice President of Commercial Products and brings more than 20 years of direct industry experience, having held various senior roles across Sales and Marketing functions at the largest global borate producers. Most recently, Mr. Zamek served as a consultant for Eti Maden where he advised the U.S.-focused boron operations on commercial strategy and market expansion initiatives.
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LQR | Hot Stocks08:52 EDT LQR House announces 5700% year-over-year revenue growth in September - LQR House reported a significant 5700% year-over-year increase in revenue for September 2024 compared to the same month in 2023. For September 2023, LQR House generated $3,800 in revenue. For September 2024, the Company's revenue reached $222,584.72. Sean Dollinger, CEO of LQR House, commented: "We anticipated September would be a strong month with our platform CWSpirits.com gaining momentum and recent new partnerships coming into play, but these numbers have far exceeded my expectations. I'm a strong believer in the power of SEO, and, in my view, our focused efforts in this area are paying off with this impressive month-over-month gain."
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VTAK | Hot Stocks08:51 EDT Catheter Precision announces update for VIVO non-invasive mapping system - Catheter Precision announced several updates for their VIVO non-invasive mapping system. Over the last 60 days and through the month of October the company has participated in several industry meetings where VIVO has been or will be highlighted. During the recent European Society of Cardiology meeting congress Professor Tarv Dhanjal from the University of Warwick Hospital in Coventry, UK, presented data of 20 patients from the "Accuracy of a non-invasive mapping system for the localisation of re-entrant VT site of origin and its relationship to myocardial scar on cross-sectional imaging" study. This study currently has 40 patients enrolled and is expected to enroll a total of 50 patients. It is anticipated that this final data to be available in 2025 and that the data will remain positive as enrollment and study conclusion comes to an end. Highlights of the most recent presentation include procedural success in 90% of patients at mean follow up of 7.3 +/- 4.7 months in patients with scar related VT.
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UGRO | Hot Stocks08:51 EDT Urban-Gro secures contract for architectural design services - urban-gro has been selected to provide architectural design services for Union City Fire Station #44 in Georgia. Work is commencing immediately, with the majority of the undisclosed revenue expected to be recognized by the end of the first quarter of 2025. Union City Fire Station #44 will be a state-of-the-art three-story building with three apparatus bays, living quarters, and a community room. The Company will serve as a design team partner under Foresite Group.
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ALTS | Hot Stocks08:50 EDT ALT5 Sigma to separate into two independent publicly-traded companies - ALT5 Sigma has announced a strategic plan to separate into two distinct companies. Following consummation of this plan, ALT5 will execute the separation of its Fintech and Biotech businesses, with ALT5 continuing as a leading fintech organization post-separation. The Biotech segment will emerge as Alyea Therapeutics Corporation, an independent firm dedicated to developing non-addictive pain management therapies. Upon separation, each company will present its own unique growth opportunities. As standalone entities, both companies are expected to benefit from: Increased focus and agility within their respective industries; Tailored capital allocation strategies to pursue differentiated strategic growth objectives; Enhanced strategic flexibility for portfolio-enhancing mergers and acquisitions; Unique investment profiles appealing to diverse investor bases; Distinct boards of directors and management teams dedicated to creating and increasing value in their respective sectors. The plan has been unanimously approved by the Company's board, following a thorough evaluation of alternatives that have been underway since the acquisition of fintech innovator ALT5 Sigma in May of this year. ALT5 will maintain its focus on blockchain-powered technologies that facilitate the transition to a new global financial paradigm. The Company offers two main platforms: "ALT5 Pay" and "ALT5 Prime." ALT5 Pay is a cryptocurrency payment gateway that enables registered and approved global merchants to accept and conduct cryptocurrency transactions or seamlessly integrate the ALT5 Pay platform into their applications or operations. ALT5 Prime is an electronic over-the-counter trading platform allowing registered and approved customers to buy and sell digital assets. It is accessible via browser-based applications, mobile apps, and through Broadridge Financial Solutions' NYFIX gateway for approved customers. Both ALT5 Pay and ALT5 Prime are experiencing increased customer engagement, with transaction volumes now exceeding $2 billion on an annualized basis. Alyea Therapeutics aims to become a leader in non-addictive pain management therapies. It intends to focus on indications of unmet medical needs and intends strategically to develop pathways to expedite approvals for its lead patented candidate, JAN123. This candidate is a Low Dose Naltrexone with a biphasic release formulation that the company plans to pursue through the FDA 505(b)(2) pathway. It has received orphan drug designation from the FDA, and, as a late-stage asset, the company intends to initiate a large-scale multicenter clinical trial to facilitate FDA approval through a New Drug Application. Simultaneously, Alyea Therapeutics will explore additional technologies to enhance its portfolio of non-opioid-based pain products. In connection with this realignment, the company is pleased to announce the appointment of Dr. Amol Soin as CEO of Alyea Therapeutics. Dr. Soin is the Chairman and founder of The Ohio Pain Clinic, a network of free-standing chronic pain management facilities in southwestern Ohio, focused on non-opioid treatments for chronic pain. Tony Giordano has been appointed Chief Science Officer of Aleaya Therapeutics. Most recently, he served as Senior Director of Special Projects in Cleveland Clinic Innovations, where he collaborated with staff to advance programs toward clinical application and commercialization. The company intends to hire additional management and appoint additional directors to both entities to bolster each respective company's teams with a focus on the unique specific needs for each entity.
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NEOV | Hot Stocks08:47 EDT NeoVolta secures $1.4M deal with National Renewable Energy Partners - NeoVolta announced a $1.4 million dollar deal with National Renewable Energy Partners. This purchase order expands NeoVolta's dealer network into several new states including Ohio, Texas, Connecticut, Indiana, and Pennsylvania, capitalizing on emerging opportunities in the residential energy sector. This purchase order for 150 NV14s highlights the growing demand for energy storage across the U.S. As states focus on enhancing grid resilience, they are increasingly turning to local storage solutions to ease grid strain. In California, regulatory changes have led to a nearly 100% adoption rate of solar systems with storage, and NeoVolta expects this trend to expand to other states.
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BKH | Hot Stocks08:46 EDT Black Hills Energy Arkansas receives approval for new rates - Black Hills announced that its Arkansas natural gas utility, Black Hills Energy Arkansas, received approval from the Arkansas Public Service Commission of a unanimous settlement agreement for new rates effective with October billing cycles. The new rates are designed to recover approximately $130 million of pipeline system investments since the utility's last general rate filing in 2021. The approved settlement agreement will generate approximately $25.4 million of new annual revenues and migrates approximately $3.7 million in annual rider revenue to base rates for a total annual base rate revenue increase of $29.1 million. The approval allows a 9.85% return on equity and a capital structure of 46% equity and 54% debt.
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IVDA | Hot Stocks08:46 EDT Iveda Solutions announces compliance with Nasdaq bid price requirement - Iveda announced that the Company has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550 a 2 . This compliance follows Iveda's stock trading above $1.00 per share for 10 consecutive business days. Accordingly, Nasdaq has confirmed that the matter is now closed. "We are pleased to announce that Iveda has regained full compliance with Nasdaq's listing requirements," said David Ly, CEO of Iveda. "Our team remains committed to advancing our innovative AI and IoT technologies to support smart city initiatives and global safety applications. We also believe maintaining our NASDAQ listing is important to our ultimate value creation for our shareholders."
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MTWO | Hot Stocks08:45 EDT M2i Global, NXT TEC partner for construction, critical mineral supply chains - M2i Global announced a strategic partnership with Perth-based NXT TEC. Ltd. This partnership aims to revolutionize construction and enhance the sustainability and security of critical mineral supply chains. M2i's ecosystem provides partners with access to turnkey solutions, facilitating expanded business opportunities, securing offtake agreements, influencing strategic government policy, engaging with aligned NGOs, and trusted laboratories. Through this partnership, M2i, NXT TEC. Ltd., and Not For Sale, M2i's exclusive human rights NGO partner, will work together to ensure positive social and labor impacts in the minerals and metals extraction space. By fostering ethical labor practices, the partnership will address the needs of local communities and contribute to a more sustainable future.
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CASS | Hot Stocks08:44 EDT Cass Information gets GSA multiple award schedule freight audit contract - Cass Information Systems has received a Multiple Award Schedule contract with the General Services Administration GSA . This pre-approved contract enables government and federal agencies to efficiently award business to Cass for freight audit and payment services for all transportation modes. Cass, a provider of payment solutions for diverse spend categories, processed $90B in payables in 2023, including $38B in transportation payables. Mark Campbell, president of the Cass Government Payables group, noted, "Agencies who adopt this solution gain incredible benefits, including layers of financial control, complete spend visibility, and an optimized, highly automated process that spans from invoice receipt to payment and reporting. Additionally, they and their transportation service providers gain the benefit of optimized cash flow."
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SKWD | Hot Stocks08:44 EDT Skyward Specialty Insurance expands renewable energy solutions - Skyward Specialty Insurance Group announced the expansion of its renewable energy solutions. As the renewable energy market continues to experience unprecedented growth, the need for specialized risk management solutions becomes increasingly important. However, many of these risks remain underserved by conventional coverage options. Skyward Specialty's expanded renewable energy offering now includes casualty coverage options targeting various renewable energy classes, including solar, wind, hydroelectric, biomass, and geothermal, providing tailored solutions for businesses in these sectors.
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CAT TRMB | Hot Stocks08:43 EDT Caterpillar, Trimble extend long-standing joint venture - Caterpillar Inc. (CAT) and Trimble (TRMB) announced the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption. The renewed agreement will increase industry reach and provide customers broader availability of interoperable grade control solutions via a flexible platform for use by Caterpillar, Trimble and other technology providers and equipment manufacturers. With a strengthened partnership, this agreement enables both Trimble and Caterpillar to increase innovation and differentiation, develop new offerings and pursue new industry and geographic opportunities.
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ONMD | Hot Stocks08:43 EDT OneMedNet announces strategic refresh of board of directors - OneMedNet announced a strategic refresh of its Board of Directors following the transition to a publicly traded entity. The company said, "This move reinforces our commitment to dynamic leadership and active engagement as we accelerate growth in this new phase.We extend our heartfelt gratitude to Paul Casey, and Erkan Akyuz for their invaluable contributions during a pivotal time in our company's history. Their leadership and guidance were instrumental in achieving our IPO, laying a strong foundation as OneMedNet entered the public markets. We thank them for their service and wish them the best in their future endeavors. In alignment with our vision for the future, we are excited to welcome two distinguished individuals to our Board." Jair Clarke, currently serves as Executive Advisor to the Chairman at World Wide Technology, holds the position of CEO at Laigic and is a board member of Xponential that is focused on health and wellness. Sherry Coonse McCraw, currently the VP of Human Resources and former CFO of BMW North America, brings a diverse background in both finance and human capital strategy.
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MDU | Hot Stocks08:43 EDT MDU Resources board of directors approves Everus Spinoff - MDU Resources announced that its board of directors has approved the previously announced spinoff of the company's wholly owned construction services subsidiary, Everus Construction Group, through a pro rata distribution of all the outstanding shares of Everus common stock. "We believe this strategic move will unlock value for our shareholders and position Everus for continued growth and success," said Nicole A. Kivisto, president and CEO of MDU Resources. "This spinoff allows both MDU Resources and Everus to focus on our core strengths and pursue distinct opportunities in our respective industries."
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ENVX | Hot Stocks08:42 EDT Enovix begins shipping batteries from its new Agility Line in Malaysia - Enovix announced that it commenced shipping EX-1M battery cell samples from its new Agility Line in Malaysia last week. This is an important milestone on the Company's journey to scale which follows shipping initial samples from Fab1 in California, and opening high-volume Fab2 in Malaysia just this summer. Enovix also recently completed internal UN38.3 certification for cells now shipping. UN38.3 is the United Nations standard for safe transportation of Lithium-ion batteries and is only granted to products that meet strict international safety and abuse tolerance standards through a series certified test protocol. By shipping samples within the third quarter of 2024, the Company is on track to commence high-volume production in 2025.
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GILD | Hot Stocks08:42 EDT Gilead in royalty-free generic manufacturing deals for lenacapavir for HIV - Gilead Sciences announced that it has signed non-exclusive, royalty-free voluntary licensing agreements with six pharmaceutical manufacturers to make and sell generic lenacapavir, subject to required regulatory approvals, in 120 high-incidence, resource-limited countries, which are primarily low- and lower-middle income countries. The agreements were signed in advance of any global regulatory submissions to enable these countries to quickly introduce generic versions of lenacapavir for HIV prevention, if approved...The generic companies that will manufacture and supply lenacapavir to the 120 countries are Dr. Reddy's Laboratories Limited, Emcure, Eva Pharma, Ferozsons Laboratories Limited, Hetero and Mylan, a subsidiary of Viatris...Based on data from these trials, Gilead will begin a series of global regulatory filings by the end of 2024. For high-incidence, resource-limited countries, Gilead is exploring frameworks such as the European Medicines Agency's EU Medicines for All with the aim of expediting both national regulatory procedures and the attainment of WHO prequalification. Updates on regulatory filings for lenacapavir for PrEP will be shared as discussions with regulatory bodies progress.
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CLIR | Hot Stocks08:42 EDT ClearSign announces public release of California Statewide GET report - ClearSign Technologies, an emerging company in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions announces that the Ultra low NOx Burner Testing study has been completed by the California Gas Emerging Technologies, GET, Program and that the final report prepared by ICF has been released to the public. The objective of the study sponsored by Southern California Gas Company was to test and quantify the emissions improvements and efficiency gains for the ClearSign Core-Rogue ultra-low NOx boiler burner compared to a conventional ultra-low-NOx burner operating in the same boiler.
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III | Hot Stocks08:42 EDT Information Services sells automation unit to UST for $27M in cash - Information Services said it has sold its automation unit to UST, a digital transformation solutions company, for $27M in an all-cash transaction, with a portion of the proceeds placed in escrow, to be released contingent upon meeting certain conditions. The unit offers robotic process automation software implementation and licensing services. It was established as a startup business in 2017 to meet the emerging demand for RPA. ISG chairman and CEO Michael Connors said the sale is a "win-win" for both ISG and UST. ISG received $20M in cash at closing with the remaining $7M held in escrow. Of this amount, $4M is to be released from escrow over the next 90 days as certain contractual conditions with clients are met, and the remaining $3M is to be released after the end of the first quarter of 2025, based on the achievement of certain revenue targets. Net proceeds from the transaction are expected to provide the opportunity to reduce debt and return capital to shareholders. To reflect the impact of the divestiture activity, ISG said it is updating its third-quarter guidance, targeting revenues in the range of $60M to $61M, and adjusted EBITDA in the range of $6.5M to $7M.
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BBKCF | Hot Stocks08:41 EDT TerraZero announces beta Intraverse campaign for iGaming industry - TerraZero announced TerraZero's beta Intraverse campaign for the iGaming industry. TerraZero previously announced Intraverse PRO, a new subscription-based platform set to redefine how businesses, creators, artists, and individuals interact and engage within immersive 3D environments. TerraZero is now aiming to launch a beta campaign centered around the iGaming industry-presenting a new way for licensed operators, aggregators, and game developers across numerous markets to engage with new players in new ways using the Intraverse tech stack. TerraZero is welcoming entities across the industry to contact them directly to have a templated and customizable virtual iGaming environment designed and deployed for them. In these virtual environments: TerraZero provides a virtual experience front end, where users can click on different game machines that launch games to play in iFrames connected to partner servers; Games are hosted by licensed gaming entities, i.e. licensed operators, game aggregators, and other igaming affiliates, who will safely handle any user logins, any actual gameplay, and/or betting & reconciliation. From chat to iFrames with games, videos, third party content and more, TerraZero's Intraverse tech stack leverages a variety of features to help licensed operators, aggregators and game developers reach new users.
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NTWK | Hot Stocks08:41 EDT NetSol Technologies announces new strategic partnership with Hiltermann - NETSOL Technologies has announced a new strategic partnership with Hiltermann, a Netherlands-based specialist lender in the leasing and financing industry. Hiltermann has gone live with NETSOL's Wholesale Finance System, or WFS, and will leverage the company's innovative white label lending platform that expands their competitive offerings to the asset finance and leasing market. This partnership is a strategic first for NETSOL in the Netherlands and supports the Company's broader European growth strategy. NETSOL's innovative API-enabled technology allows Hiltermann to develop closer collaboration with their dealerships, improve customer relationships and secure broader competitive advantages. The proven stock financing solution integrates easily with the local market infrastructure and facilitates automation and scalability, making the process more efficient for both funder and dealer.
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ELAB | Hot Stocks08:40 EDT Elevai Labs begins clinical study of topical exosome product - Elevai Labs announced the initiation of a clinical study to assess the efficacy of a topical exosome product in conjunction with an energy device treatment on facial skin appearance. The clinical study will assess the efficacy of Elevai's topical exosomes Elevai empower, a topical exosome serum designed specifically for in-office application, and Elevai enfinity, a daily topical exosome product for at home use, as standalone treatments and in conjunction with an energy device treatment on facial skin appearance. The objective of the study is to investigate the efficacy of a topical exosome product on facial appearance after daily use for up to 12 weeks. Elevai is collaborating with Dr. Jennifer Pearlman, an internationally recognized leader in regenerative and aesthetic medicine, and Medical Director of the PearlMD Rejuvenation clinic in Toronto, Canada. The study will enroll up to 20 healthy subjects between the ages of 35-75 years of age of Fitzpatrick skin types I-VI with mild to moderate facial photoaging and sensitive skin, including those with acne, rosacea, pigmentation issues, eczema, atopic dermatitis, dry skin, or cosmetic intolerance syndrome. Endpoints will measure tolerability for absence of skin irritation, safety, and statistically significant improvement in overall facial appearance 12 weeks as compared to baseline.
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CODI | Hot Stocks08:40 EDT Jadex completes sale of Lifoam to Altor Solutions - Jadex announced it has completed the previously announced sale of Lifoam Industries to Altor Solutions, a subsidiary of Compass Diversified, for $137 million in cash
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LAES | Hot Stocks08:39 EDT Sealsq to showcase VaultC292 secure chip at CEATEC 2024 - SEALSQ will be demonstrating its secure solutions for Smart Home at the upcoming CEATEC 2024 event. The event will be held in Chiba, Japan from October 15 - 18, 2024 and showcase a comprehensive exhibition of digital innovation. As proud founding member of the Japanese branch of the Alliance, which develops global IoT/smart home standards such as Matter and Aliro, SEALSQ will be co-exhibiting at the Japan Smart Home Exhibition in Partners Park at booth number 3H097. SEALSQ's Japanese team, represented by Sales Director Katsunori Miyahata, will be showcasing the new VaultIC292 Secure Element pre-provisioned with certificates and keys ready for Matter connectivity. The chip will be presented inside a brand-new module designed for Home Automation applications and proposed to the Japanese market by SEALSQ's customer HOSIDEN, a major Japanese electronic components company. The VaultIC292 protects the Device Attestation Certificate of the module with the Matter stack running over Thread connectivity
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AMPX | Hot Stocks08:39 EDT Amprius Technologies signs development contract for custom cell - Amprius Technologies announced it has signed a development contract from a Fortune 500 company. The contract employs Amprius to develop a small format custom high-energy SiMaxx pouch cell using Amprius' proprietary silicon anode technology.
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KULR | Hot Stocks08:38 EDT KULR Technology announces licensing agreement for its Xero Vibe technology - KULR Technology Group announced a licensing agreement for its proprietary vibration reduction technology named KULR Xero Vibe. The $2.35M landmark deal includes a $1.1M minimum guaranteed license and royalty fee, a unique opportunity for the licensee to purchase proprietary balancing equipment directly from KULR and additional revenue upside to KULR based on volume and technology upgrades. The licensee, a leading Japanese corporation, specializing in systems integration and the distribution of advanced semiconductor solutions, intends to use the KXV technology to balance industrial-scale fan systems used in data center computer cooling, HVAC and other industrial applications. KULR is exploring additional license opportunities based on geographic regions in tangential power-consuming applications, where KULR expects substantial upside revenue potential as product sales and royalty income scales along with its customers' growth.
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BTTR | Hot Stocks08:38 EDT Better Choice Company to provide update on SRx Health transaction - Better Choice Company will present at the Sidoti Virtual Conference on November 13-14, 2024. During the conference, management will provide an update on its ongoing acquisition of SRx Health. SRx Health Preliminary Revenue for FY2024 Ending September 30, 2024 and FY2025 Revenue Guidance: Fiscal Year 2024: SRx Health management expects revenue to increase over 20% year-over-year to over C$200 million. Fiscal Year 2025: SRx Health management expects revenue for fiscal year 2025 to similarly increase over 20% year-over-year. Michael Young, Chairman of Better Choice, commented, "We are pleased to see SRx Health deliver preliminary revenue growth of over 20% year-over-year for its fiscal year period. The pipeline remains robust heading into fiscal 2025 with management expecting over 20% year-over-year revenue growth during the period. There remains substantial investor appetite for stable growing and predictable businesses in the healthcare space and we look forward to closing on this transaction in the coming months."
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NCNC | Hot Stocks08:37 EDT noco-noco announces amendments to resolutions for EGM - noco-noco would like to include a new proposal in addition to the original four proposals as set out in the Company's notice of EGM dated 22 August 2024 at the upcoming Extraordinary General Meeting, scheduled for October 7, 2024, at 9:00 A.M. The EGM will be held at 3 Temasek Avenue, Centennial Tower, Level 18, Singapore 039190. As previously communicated in the EGM notice published on August 22, 2024, the proposed amendments involve adjustments to Resolution Proposals 1 and 2, as detailed in the Proxy Statements distributed to shareholders. The Board has revised the language of these resolutions to specify the exact share consolidation ratio. The detailed wording of the Additional Proposal is included in Exhibit 99.2 of the 6-K filing by the Company.
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STRR | Hot Stocks08:36 EDT Star Equity subsidiary signs two contracts totaling $4.6M - Star Equity Holdings announced today that its wholly owned subsidiary, KBS Builders, has signed two contracts totaling $4.6M to manufacture 40 modules for the construction of cottages and affordable housing units in Maine. Contract details are as follows: $3.0M contract to manufacture 32 modules for the construction of 15 one- and two-story cottages in Northeast Harbor, Maine. Manufacturing of these modules commenced in September, with delivery to be completed by December; the cottages are expected to be ready for occupancy by Spring 2025. $1.6M contract to manufacture 8 modules for the construction of two multi-story buildings comprising 16 affordable housing units in Newcastle, Maine. Manufacturing of these modules is expected to commence in October, with delivery to be completed by December; the housing units are expected to be ready for occupancy by Spring 2025.
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YOSH | Hot Stocks08:36 EDT Yoshiharu closes $1M private placement equity investment - Yoshiharu Global announced the closing of a non-brokered $1.0 million private placement investment from an accredited investor and intends to use these proceeds for the Company's expansion into the Korean BBQ segment. As previously-announced, Yoshiharu has identified a growing trend of demand for KBBQ cuisine, predominantly in Southern California, as the popularity of Korean food has expanded American's rising appetites for Korean BBQ. Having operated in the restaurant sector since 2016, Yoshiharu has leveraged its extensive industry experience and expertise to build a robust network of supply chain stakeholders essential for successful restaurant operations. Recognizing the synergies between its existing suite of culinary offerings and the KBBQ concept, the Company plans to capitalize on the synergies of resources and ingredients for both segments to enhance purchasing power, attract a wider audience, and explore cross-promotion opportunities to further solidify and expand the Yoshiharu brand.
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INSE | Hot Stocks08:35 EDT Inspired Entertainment, Loto-Quebec to launch Hybrid Dealer Roulette in Canada - Inspired Entertainment announced Loto-Quebec will be the first customer in Canada to offer the Hybrid Dealer Roulette game in the fourth quarter of 2024. Hybrid Dealer is a new, US patented, game-changing online product category that offers players casino and gameshow content without the challenges associated with live-dealer products. Hybrid Dealer Roulette is the second Hybrid Dealer game launched by Inspired, featuring stunning Virtual CGI and pre-recorded real-life hosts. The online game is designed to mimic a live casino experience, with a countdown timer to place bets before each round begins and all players seeing the same results at the same time.
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BNZI | Hot Stocks08:35 EDT Banzai receives non-compliance letter from Nasdaq - Banzai International announced that it received notice from the Nasdaq Listing Qualifications Panel of The Nasdaq Stock Market that the Hearings Panel has granted the Company's request to continue its listing on The Nasdaq Stock Market, subject to the Company meeting certain conditions, including filing on or before October 7, 2024, an application for listing on The Nasdaq Capital Market, and demonstrating compliance on or before January 31, 2025 with Listing Rules 5550. Notwithstanding the foregoing, there can be no assurance that the Company will be able to meet the deadlines or conditions imposed by the Hearings Panel or regain compliance with all applicable requirements for continued listing.
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NITO | Hot Stocks08:34 EDT N2OFF considers pursuing potential spin-off of cleantech operations - N2OFF announced key strategic initiatives approved by its board of directors that are intended to increase shareholder value. Key Highlights of the Board's Initiatives Spin-off of cleantech activities: N2OFF is considering pursuing a potential spin-off of its cleantech operations - NTWO OFF Ltd. and Save Foods Ltd. - into a separate publicly traded company with the intention of listing that spin-off company on a national exchange. In connection with the potential spin-off, N2OFF intends to maintain a controlling stake of at least 75% ownership in Save Foods Ltd. immediately following such spin-off and will appoint all members of the new entity's board of directors. The timing and terms of any future dividends or distributions related to the new entity will be determined by the board of directors of that entity at its discretion. Acquisition of a Computationally advanced Drug Discovery Company: N2OFF has entered into a non-binding letter of intent to acquire a drug discovery company with advanced computational structural biology capabilities. The acquisition contemplates a valuation of at least $5 million, with a potential increase in valuation by $2 million . The LOI contemplates that the acquisition would be effected through combination of cash and equity. N2OFF believes this acquisition, if consummated, would enable it to tap into a new and lucrative market and allow the computation drug discovery company to expand into advanced pharmaceutical research. Securing a EUR 6 Million Credit Line: N2OFF has successfully negotiated a non-recourse credit facility in the aggregate amount of EUR 6 million accruing interest at a rate of 7% per annum. The Company intends to repay the principal loan amount from profits derived from projects that are pre-approved by the lenders or by 33% of proceeds received from certain financing transactions.
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ASNS | Hot Stocks08:33 EDT Actelis Networks awarded new order from major Italian motorways operator - Actelis Networks announced that it has received a new order for its cyber-hardened temperature hardened networking technology for a major Italian motorways operator. This order is an expansion of an order previously announced in June for an Italian National Transportation Infrastructure Project of over $300,000. Roadway safety is the top priority for the Italian operator, and Actelis' solution enables rapid modernization of their network infrastructure, expanding the use of critical safety tools like CCTV, speed cameras, sensors, and digital signage. Covering thousands of miles of roadways presents challenges, as these devices demand fast, secure, and reliable connectivity over long distances. Existing motorway wiring often falls short of handling the high data demands, which is why operators rely on Actelis for enhanced bandwidth and performance.
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FEMY | Hot Stocks08:32 EDT Femasys announces second order from strategic distribution partners - Femasys announces that the Company has received its second order from its strategic distribution partners after successfully completing its first commercial FemaSeed procedures in Europe. Members of the Femasys team traveled to Madrid to in-service healthcare practitioners on the innovative FemaSeed infertility treatment, designed to enhance natural fertilization by precisely delivering sperm into the fallopian tube where conception occurs. Earlier in September, Femasys announced its strategic distribution partnerships for FemaSeed and FemVue in Spain. Comercial Medico Quirurigca, will distribute the products in northern Spain and Durgalab will distribute them in the south.
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AUGX | Hot Stocks08:27 EDT Augmedix completes merger with Commure - Commure has completed the acquisition of Augmedix. Augmedix will now operate as a wholly-owned subsidiary of Commure. The merger was previously announced on July 19, 2024, and was approved by Augmedix stockholders at Augmedix's special meeting of stockholders held on September 27, 2024. With the completion of the acquisition, Augmedix stockholders are entitled to $2.35 in cash for each share of Augmedix common stock they owned immediately prior to the closing. Augmedix's stock has ceased trading and will be delisted from the Nasdaq Stock Market.
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VCYT | Hot Stocks08:22 EDT Veracyte announces VANDAAM trial data at ASTRO - Veracyte announced that new data from the multicenter, prospective VANDAAM trial show that the Decipher Prostate Genomic Classifier accurately predicts aggressive prostate cancer among African American men with early-stage disease. The findings confirm that the genomic test offers clinicians an improvement over clinical factors alone in guiding prostate cancer treatment decisions for African American men, a population that is disproportionately impacted by the disease. The new data were shared in an oral presentation at ASTRO 2024, the annual meeting of the American Society for Radiation Oncology, in Washington, D.C. Following standard treatment, patients with high Decipher test scores were eight times more likely to have biochemical recurrence within 2 years, compared to those with lower genomic test scores. When adjusted for other variables, such as age, race, pre-treatment prostate specific antigen, and Gleason score, those patients with high Decipher test scores remained at significantly high risk of rapid-onset BCR. There was no significant difference in the results between African American and non-African American men.
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BABA | Hot Stocks08:22 EDT Alibaba repurchased 414M shares for $4.1B during Q1 under repurchase program - In a regulatory filing, Alibaba announced that during the quarter ended September 30, the company repurchased a total of 414 million ordinary shares, equivalent to 52 million ADSs, for a total of $4.1B. These purchases were made in both the U.S. and Hong Kong markets under its share repurchase program, Alibaba said. As of September 30, Alibaba said it had 18,620 million ordinary shares, equivalent to 2,327 million ADSs, outstanding, a net decrease of 405 million ordinary shares compared to June 30, or a 2.1% net reduction in its outstanding shares after accounting for shares issued under its ESOP.
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NKLA | Hot Stocks08:21 EDT Nikola records sales of 88 hydrogen-powered trucks for North America in Q3 - For Q3 2024, Nikola Corporation wholesaled 88 Class 8 Nikola hydrogen fuel cell electric trucks, firmly within truck sales guidance of between 80 and 100 fuel cell units for the quarter. For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total since the truck went on sale in Q4 of last year. "This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station," said Nikola CEO Steve Girsky. "Despite overall market headwinds, Nikola remains focused on our mission to pioneer solutions for a zero-emission world, and we're doing it one truck at a time."
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CRL | Hot Stocks08:20 EDT Charles River, Lundbeck in deal to use Logica for neurological disease drugs - Charles River Laboratories announced an agreement with H. Lundbeck o utilize Logica to progress critical brain disease research. "We are excited to partner with Lundbeck as they work toward the discovery of novel treatments for neurodegenerative disease," said Professor Julie Frearson, Ph.D., Senior Vice President and Chief Scientific Officer, Charles River. "Logica's integrated, AI-augmented process allows us to be an agile partner, and combined with Lundbeck's industry-leading neurology expertise, we look forward to a successful collaboration." Logica is an Artificial Intelligence powered end-to-end drug discovery solution that translates biological insights into optimized preclinical candidates by leveraging the integration of Valo Health's AI-powered Opal Computational Platform(TM) and Charles River's leading expertise in drug discovery and preclinical development. Through the agreement, Lundbeck will deploy Logica with the aim of creating optimized small molecules that lead to novel therapies for neurological research.
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ULH | Hot Stocks08:20 EDT Universal Logistics announces new intermodal terminal in WA region - Universal Logistics Holdings announce the grand opening of its new Intermodal terminal in the Tacoma, WA region. This facility is now operational, offering a range of drayage services designed to enhance efficiency and convenience for our customers.
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ALK | Hot Stocks08:19 EDT Alaska Air, UP.Labs launch first new startup, Odysee - Alaska Airlines and UP.Labs, have officially announced their first new startup, Odysee, at the UP.Summit. Odysee, which launched with $5M in seed funding led by UP.Partners, is focused on lending powerful AI and computing power to inform real-time tradeoff decisions in planning for and managing operational logistics, starting with scheduling. The platform will ensure the best use of each aircraft asset and the interconnections between them, empowering teams to more effectively optimize one of the most complex areas of an airline's business.
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OPTT | Hot Stocks08:18 EDT Ocean Power announces $1.1M preliminary award from NJEDA - Ocean Power Technologies has been notified of a $1.1M preliminary award under the New Jersey Economic Development Authority 2024 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss Program. This program enables technology and life sciences businesses in New Jersey to sell a percentage of their New Jersey net operating losses and unused research and development tax credits to unrelated profitable corporations for cash. OPT takes part in the NJEDA NOL program annually and received a $1.2M award for the 2023 NOL program. This funding represents a significant resource as the Company continues to make progress on its previously announced path to profitability. In addition, the receipt of this award demonstrates the potential value of the Company's net operating losses and unused R&D tax credits and the need to preserve these potentially valuable assets and thereby preserve OPT's ability to participate in future value enhancing monetization opportunities.
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VISL | Hot Stocks08:17 EDT Vislink launches new brand identity, website - Vislink Technologies announced the unveiling of its modernized brand identity and completely redesigned website. This new digital marketing presence aims to elevate brand awareness, differentiate Vislink from its competitors, and provide customers with an enhanced, user-friendly platform that simplifies finding and understanding the company's market-leading solutions. The new brand and website are key elements in Vislink's marketing strategy to support the company's revenue growth goals. The new website at www.vislink.com offers a sleek, modern interface with enhanced navigation that allows customers to easily discover Vislink's comprehensive range of live video solutions spanning airborne video downlink systems, wireless video camera systems, bonded cellular solutions and AI video production. With detailed product information, case studies, and user-friendly access to resources, the platform is designed to serve as a one-stop destination for broadcasters, public safety professionals, and defense clients seeking innovative, reliable video communication solutions.
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LSAK | Hot Stocks08:16 EDT Lesaka completes acquisition of Adumo - Lesaka Technologies announced it has completed its acquisition of Adumo. The transaction was settled through the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment $13.4M, implying a total purchase consideration of $96.2M using Lesaka's October 1, closing price on the Johannesburg Stock Exchange of ZAR 83.05 per share. All amounts in this release have been translated to U.S. dollars at the October 1, closing exchange rate of $1: ZAR 17.34. The acquisition of Adumo, South Africa's largest independent payments processor with over 20 years' experience in payment solutions, reinforces Lesaka's position as natural consolidator of Southern African fintech. In fulfilment of one of the conditions of the transaction, Lesaka has agreed to purchase 2,601,410 shares of its common stock, through a wholly owned subsidiary, for $12.0M, to provide cash liquidity to a group of indirect Adumo shareholders who were unable to receive Lesaka shares under their investment mandates. The purchase is expected to complete in early October.
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ABBV | Hot Stocks08:16 EDT AbbVie's Allergan Aesthetics announces national availability of JUV????DERM - Allergan Aesthetics, an AbbVie company (NYSE: ABBV), announces the national availability of JUVEDERM VOLUME XC for temple hollowing. Following its U.S. FDA approval in March 2024, JUVEDERM VOLUMA XC is the first and only hyaluronic acid filler approved to treat moderate to severe temple hollowing in adults over 21. The JUVEDERM(R) Collection of Fillers is the number one chosen HA dermal filler brand by patients and providers, and now offers the largest range of treatment indications to meet patients' aesthetic goals.
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ENSC | Hot Stocks08:16 EDT Ensysce Biosciences responds to recent shareholder inquiries - Ensysce Biosciences provided a response from CEO Lynn Kirkpatrick, regarding recent inquiries from stockholders and other interested parties, which read in part, "It is important to me to directly deliver an update to our supportive shareholders, stakeholders and partners, by addressing some questions we have recently received and providing a concise view of our development progress and timelines. What is the latest update from the Company in terms of Nasdaq listing requirements? As of September 30, 2024, we believe we are in compliance with Nasdaq requirements regarding stockholders' equity and we are looking forward to the upcoming hearing with Nasdaq to discuss our plans to continue to maintain compliance with both the stockholders' equity requirement and the $1.00 bid price requirement. How much cash does Ensysce have to continue to make progress on its initiatives? In August, the Company completed a financing transaction which raised $5 million in gross proceeds and received a $14 million multi-year grant award from the NIH. What are the latest plans and timeline of the PF614-301 protocol of the study, "A Multicenter, Randomized, Double-Blind, Placebo-and Active-Controlled Study to Evaluate the Efficacy and Safety of PF614 for the Treatment of Moderate to Severe Pain after Abdominoplasty"? We submitted our PF614-301 Phase 3 Protocol to the FDA for our pivotal Phase 3 study, as announced on September 19, 2024. This study is designed to assess the analgesic efficacy of PF614 compared to placebo in subjects with moderate-to-severe pain following abdominoplasty. Results from the study are expected in late 2025. Next Steps: We await feedback on the protocol from the FDA. A Clinical Advisory Board meeting is planned for early November in which we will review the feedback and incorporate any advice into our study plans. Steps are being taken to identify clinical sites, and study management proposals have been solicited and received from interested Contract Research Organizations. Following receipt of grant funding for development of PF614-MPAR, will you provide the progress of the current clinical trial and frame out the remainder of trials to FDA approval? With $14 million of non-dilutive funding through a multi-year grant from the NIH and National Institute on Drug Abuse received for the purpose of continuing our PF614-MPAR studies, we have initiated a number of non-clinical studies required to support our PF614-MPAR NDA. In addition, we have received Investigational Review Board approval of the PF614-MPAR-102 protocol and held a kickoff meeting to prepare for subject enrollment, anticipated to begin later this quarter. What additional components are required in terms of achieving FDA approval and commercialization of PF614? Besides completing the necessary Phase 3 clinical studies to gain FDA approval, outlined above, Ensysce has partnerships in place with both drug substance and drug product contract development and manufacturing organizations to scale our manufacturing needs for production of clinical trial material, registrational material and commercial material for our first drug launch. In addition, we have received proposals from packaging and labeling facilities, and we are finalizing the steps needed to have commercial product in place to be shipped as soon as we receive approval from the FDA. Subject to raising additional funds, which cannot be assured, we are on track to submit our PF614 New Drug Application by 2026 and commercialization to follow by end of that year. Is ENSC evaluating strategic partnerships or indications of interest in terms of funding a safer opioid option and expedite commercialization? Ensysce has been in discussions with several interested partners to expand the commercial success of PF614 and PF614-MPAR. We are committed to leveraging cash and non-cash resources to reach our objectives."
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ESTA | Hot Stocks08:16 EDT Establishment Labs: 1st US women successfully receive BA with Motiva implants - Establishment Labs Holdings announced that the first patients in the United States have successfully undergone breast augmentation with Motiva mplants. "With the FDA approval last week, we are experiencing high demand for Motiva Implants - both from surgeons and patients," said Juan Jose Chacon-Quiros, Founder and Chief Executive Officer of Establishment Labs. "The FDA approval came as we were attending the annual conference of the American Society of Plastic Surgeons. The response was overwhelming, and our team has already talked to more than 400 plastic surgeons post announcement. Since approval, we have already doubled our team to 25 sales reps across the United States, and our story of real innovation, backed by science and data, is resonating strongly. Everything we are seeing suggests that we can be the implant of choice in the United States."
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IMCC | Hot Stocks08:15 EDT IM Cannabis IMC Germany reported preliminary 50% increase in revenue - Cannabis announces that the preliminary sales results in Germany by its German subsidiary, Adjupharm, for the third quarter of 2024 have significantly exceeded expectations, showing a remarkable 50% increase in revenue compared to the second quarter, where IMC Germany sold about CAD$ 3.5M. "Since April 1st, one of our key objectives was to ensure a supply chain strong enough to meet the increase in demand. This preliminary 50% growth is testament, in part, to delivering on this objective," said Oren Shuster, CEO of IMC. "We are thrilled with our Q3 performance, which not only surpassed our own targets but also highlights the dedication and hard work of our entire team."
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PMEC | Hot Stocks08:14 EDT Primech Holdings signs several contracts with a total value of $4.3M - Primech Holdings announced several newly signed contracts, signaling robust growth and expanding opportunities across multiple sectors. With a total value exceeding $4.3M these new agreements underscore Primech's ongoing commitment to delivering exceptional facility services that consistently exceed each client's and sector's unique demands. The latest contract wins include: Secured a 5-year contract valued at $3.54M for cleaning and pest control services at a major biomedical research hub, one of Singapore's leading research facilities. Effective from June 2024 to May 2029, this agreement strengthens Primech's foothold in the scientific and research sector. Secured a 2-year contract effective October worth $419,160 for cleaning services with a private residential condominium development consisting of several high-rise blocks with modern facilities. This collaboration reinforces Primech's strong presence in the residential sector and showcases its continued growth in servicing premium residential communities. Secured a 1-year contract with a residential condominium development located in the Bukit Timah area of Singapore, an upscale and well-known residential district, to provide cleaning services valued at $167,571, commencing in September. This contract adds to Primech's already expansive portfolio of high-end residential properties. Secured a 2-year contract in July 2024 valued at $23,184 for providing cleaning services to an important non-profit social service institution that supports vulnerable individuals and families, further strengthening Primech's role in the welfare sector.
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SNN | Hot Stocks08:13 EDT Smith & Nephew announces availability of LEGION HK system in the U.S. - Smith+Nephew announced that its LEGION Hinged Knee System is now available in the United States with proprietary OXINIUM implant technology that delivers the durability of metals, the wear resistance of ceramics, and corrosion resistance better than both. Part of the LEGION Total Knee System, the LEGION HK System is designed to provide a natural range of motion with medial pivot, lateral roll back, and screw home. Since 2011, the LEGION HK System has enabled surgeons to transition intraoperatively from a constrained revision knee implant to a CoCr-hinged assembly.
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URGN | Hot Stocks08:13 EDT UroGen Pharma: Patient dosed in mitomycin-based UGN-103 trial for LG-IR-NMIBC - UroGen Pharma announced that the first patient was dosed in the Phase 3 clinical trial of investigational drug UGN-103 , mitomycin for intravesical solution in development for the treatment of low-grade intermediate-risk non-muscle invasive bladder cancer or LG-IR-NMIBC . UGN-103 is a next-generation novel mitomycin-based formulation. "Reaching this Phase 3 trial milestone for UGN-103 highlights our drive to innovate and bring forward cutting-edge treatments for low-grade intermediate-risk non-muscle invasive bladder cancer," said Liz Barrett, President and Chief Executive Officer, UroGen. "UGN-103 represents a significant step forward, offering potential improvements in manufacturing, convenience, and cost. We are excited about the potential of this next-generation formulation and look forward to furthering its development to advance the care of patients."
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DPRO | Hot Stocks08:13 EDT Draganfly up 5% in pre-market at $2.75 following Maxim initiation at Buy
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CNC | Hot Stocks08:12 EDT Centene announces Ambetter health insurance offerings for 2025 - Ambetter, a product offered by Centene Corporation, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, is announcing its affordable health plans for 2025. In many states, it is expanding its offerings. The different plans include: Ambetter Health of Delaware; Ambetter from WellCare of Kentucky; Ambetter from PA Health & Wellness; Ambetter of Alabama; Ambetter from Home State Health, Missouri; Ambetter from Meridian, Michigan; Ambetter Health, Florida; Ambetter from Sunflower Health Plan, Kansas; Ambetter from Arizona; Ambetter Health, Georgia; Ambetter from Coordinated Care, Washington State; and Ambetter from Louisiana Healthcare Connections; Ambetter from Fidelis Care, New York; Ambetter from SilverSummit Healthplan, Nevada; Ambetter of Oklahoma; Ambetter from Magnolia Health, Mississippi; Ambetter from Absolute Total Care, South Carolinians; Ambetter of Illinois; Ambetter of North Carolina; Ambetter from NH; Ambetter Health, Indiana; Ambetter Health, Iowa; Ambetter from Nebraska; Ambetter from Buckeye Health Plan, ohio; Ambetter from Superior HealthPlan, Texas; Ambetter from Health Net, California; Ambetter Health, Iowa.
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MARA $BTC | Hot Stocks08:12 EDT Mara Holdings reports September BTC production up 5% from previous month - MARA published unaudited BTC production updates for September 2024. "In September, the strength of our globally diversified operations was evident as we achieved significant uptime and increased our energized hash rate to 36.9 EH/s, reflecting 5% growth from August," said Fred Thiel, MARA's chairman and CEO. "Block wins during the month increased 6% from August while BTC production grew 5% to 705 BTC. We are proud to have surpassed a marathon worth of bitcoin HODL in September and currently have almost 27,000 BTC on our balance sheet. We remain on track to reach our target of 50 EH/s by the end of 2024. Our team continues to quickly energize our owned sites and operate them more efficiently than originally planned. The conversion of our Granbury data center from air cooled to MARA's immersion containers is progressing on time and we expect this work to be completed before year end." The company reported BTC production up 5% to 705 from 673 in the previous month. Energized Hash Rate increased 5% to 36.9 from 35.2 in the previous month.
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OB | Hot Stocks08:12 EDT Outbrain announces beta launch of 'Moments' video solution - Outbrain announced the beta launch of Moments by Outbrain - a new way for users to interact with content, delivering the immersive experience of full screen vertical video browsing to the open internet. Moments enables traditional publishers and media owners to reimagine their online experience by transforming real estate on static articles into engaging vertical video feeds, bringing easy swipeable navigation to trusted, professional environments. Audiences are spending an increasing amount of their time within walled gardens and social platforms. Moments marks the development of a true solution to bring similar algorithm-powered, visual exploration to the open internet. The new product offering brings the viral video and social media experience directly to quality publishers like Fortune and Axel Springer. With Moments, audiences have a new way to watch, read, and explore the vast amount of professionally-produced editorial content on the open internet in an environment not yet seen beyond walled gardens. In addition, Moments provides advertisers with a rich new canvas to extend the power of social formats to drive outcomes on the open internet, while offering publishers an entirely new channel to grow and engage their reader base. Moments is currently in Beta and is being tested with selected partners in the USA, Germany, the UK, Italy, France, and Spain. A global launch is planned for 2025.
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ESPR DSNKY | Hot Stocks08:10 EDT Esperion says DSE reports final real-world results from MILOS German cohort - Esperion (ESPR) announced that its European partner, Daiichi Sankyo Europe (DSNKY), reported final 2-year follow-up data from the German cohort of the multinational, European observational MILOS study. The European study evaluated the real-world use of bempedoic acid, marketed as NILEMDO in the EU and bempedoic acid and ezetimibe, marketed as NUSTENDI in the EU, in patients with primary hypercholesterolemia or mixed dyslipidemia. The products are marketed as NEXLETOL and NEXLIZET in the U.S. The results, presented in Hamburg, Germany at DGK Herztage 2024, demonstrated the effectiveness and safety profile of bempedoic acid, both alone and in combination with other lipid-lowering therapies in clinical practice. Raised LDL-C is a key modifiable contributor to risk of major cardiovascular events, with studies showing that every 1 mmol/L reduction in LDL-C is associated with a 22% reduction in major cardiovascular events after one year. The German cohort of the MILOS study comprising 973 patients from 125 sites in Germany, is one of the most comprehensive assessments of bempedoic acid in a real-world clinical setting to-date in Germany. Patients were followed-up for two years, with LDL-C levels assessed at pre-treatment, one year and two years. Overall, 638 of 973 patients completed 2Y follow up, with LDL-C values at pre-treatment, 1Y and 2Y available for 451 patients. In these 451 patients, a mean reduction of LDL-C levels from 3.1 mmol/L at pre-treatment, to 2.0 mmol/L was observed, representing an average relative reduction of 30.3% in the overall population. Additionally, the percentage of patients reaching their LDL-C goals increased from 4.9% at pre-treatment to 35.3% at the 2Y follow-up - an approximately 7-fold increase. The proportions of high-risk and very high-risk patients reaching LDL-C goals increased from 5.6% to 32.5%, and 3.6% to 35.2%, respectively. Overall, more than 80% of patients received bempedoic acid in combination with other LLTs at pre-treatment and 2Y, including statins and ezetimibe. The safety profile of bempedoic acid in this real-world population was assessed at 1Y and 2Y and was consistent with that observed in the CLEAR clinical trial program.
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IPA | Hot Stocks08:08 EDT ImmunoPrecise and Biotheus in MTEA pertaining to Talem therapeutic antibody - ImmunoPrecise Antibodies and Biotheus jointly announce that the two parties have entered into a Material Transfer and Evaluation Agreement or MTEA pertaining to a Talem therapeutic antibody asset for the development of a bispecific therapy against solid tumors. Under this MTEA, Biotheus will obtain the rights to further evaluate the suitability of Talem's Artificial Intelligence enhanced TATX-20 lead candidate for the development of novel bispecific antibodies for the treatment of hypoxic solid tumors.Under this agreement, Biotheus will receive a specialized antibody asset from Talem Therapeutics, a subsidiary of ImmunoPrecise Antibodies. Biotheus plans to use this asset in conjunction with its own proprietary technology and binders to develop a new class of cancer-fighting drugs. ...The transfer of this therapeutic asset to Biotheus aims to accelerate the development of targeted therapies that could potentially improve outcomes for patients with solid tumors. Following the transfer, Biotheus will evaluate the TATX-20 lead candidate. If the evaluation proves successful, Biotheus intends to further develop the bispecific molecules, with the objective of creating a clinically successful product that addresses the challenges associated with treating hypoxic solid tumors resistant to current therapies.
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AREB | Hot Stocks08:08 EDT American Rebel announces effectiveness of reverse stock split - American Rebel Holdings announced the effectiveness of its 1-for-9 reverse stock split of its outstanding shares of common stock, par value 0.1c per share as of 12:00 a.m. on October 2. The Company's Common Stock will begin trading on a reverse stock split-adjusted basis at the opening of the Nasdaq Capital Market on Wednesday, October 2. Following the reverse stock split, the Common Stock will continue to trade on Nasdaq under the symbol "AREB" with the new CUSIP number, 02919L505. The reverse stock split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on Nasdaq. Securities Transfer Corporation is acting as the exchange agent and paying agent for the reverse stock split. Stockholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse stock split.
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TCMD | Hot Stocks08:07 EDT Tactile Systems launches next-generation Nimbl platform - Tactile Systems Technology announced that Nimbl, its next-generation pneumatic compression platform, is now commercially available throughout the United States for the treatment of upper extremity lymphedema. Nimbl, which is significantly smaller and lighter than previous device iterations, is indicated as a treatment option for patients with both upper and lower extremity lymphedema, chronic edema, venous insufficiency, and wound healing. Nimbl received U.S Food & Drug Administration 510(k) clearance in June 2024 and Pricing, Data Analysis, and Coding approval from the Centers for Medicare & Medicaid Services in September 2024. The Company expects to make Nimbl commercially available for patients with lower extremity conditions in the coming months. Nimbl is 68% lighter, 40% smaller, and uses 33% less hosing than the Company's current generation basic pneumatic compression device. Its compact design is the smallest PCD of its kind, making it an ideal therapy for daily use at home or on the go. In addition to the patient centric feature enhancements, Nimbl also offers connectivity to the Company's free Kylee digital application, providing patients a simple way to track their usage and change in symptoms, and to share results with their care team. Convenient accessories are available for purchase including a rechargeable battery and custom-designed travel bag.
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IROH | Hot Stocks08:07 EDT Iron Horse Acquisitions enters business combination with Rosey Sea Holdings - Iron Horse Acquisitions announced that it has entered into a definitive business combination agreement dated with Rosey Sea Holdings, a British Virgin Islands company, and the parent company of Zhong Guo Liang Tou Group, d/b/a China Food Investment, a British Virgin Islands company. Iron Horse is the first vehicle in the Iron Horse family of SPACs. EF Hutton acted as sole book running manager in the initial SPAC offering and served as Capital Markets Advisor to Iron Horse. Upon consummation of the proposed business combination, Iron Horse will acquire from Rosey Sea one hundred percent of the issued and outstanding equity capital of CFI, resulting in CFI becoming a wholly owned subsidiary of Iron Horse, with Iron Horse planning to change its name to China Food Investment. CFI is a company focused on the production and sale of health and agricultural biotechnology food products through subsidiaries in Hong Kong, PRC and Mainland China. By integrating health-focused research and development, the company, including through the distribution of its food products, advocates the consumption of green and healthy food as the industry continues to grow in Asia and internationally. The parties expect the business combination to close in the first quarter of 2025 with the post-closing company's shares still being listed on The Nasdaq Stock Market. The transaction is subject to closing conditions under the BCA, including completion of certain due diligence review and regulatory approvals, including required Nasdaq approval. The combined company will have an estimated post-transaction enterprise value of $523M.
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GMGI | Hot Stocks08:06 EDT Golden Matrix amends earnout structure of share purchase agreement - Golden Matrix Group passed its fifth amendment to the initial share purchase agreement with Meridianbet in connection with the Company's previous acquisition of Meridianbet earlier this year. Under the current Purchase Agreement, Golden Matrix is obligated to pay Aleksandar Milovanovic, Zoran Milosevic and Snezana Bozoviv additional sums of cash and Golden Matrix Common Stock within five business days following October 9, 2024. As of 1st October 1, 2024, the Share Purchase Agreement was amended to reflect that the cash component shall be paid to each of the Sellers as follows: Milovanovic - 40% of the total post-closing cash consideration due to Milovanovic shall be satisfied in shares of Golden Matrix Common Stock and the remaining contingent post-closing cash consideration shall be deferred until at least November 9, 2024. Milosevic - 40% of the total post-closing cash consideration due to Milosevic shall be satisfied in shares of Golden Matrix Common Stock and the remaining contingent post-closing cash consideration shall be payable at the rate of $50,000 per month, on each of October 1, 2024, November 1, 2024 and December 1, 2024. Bozovic - 20% of the total of the post-closing cash consideration due to Bozovic shall be satisfied in shares of Golden Matrix Common Stock and the remaining contingent post-closing cash consideration shall be payable at the rate of $50,000 per month, on each of October 1, 2024 and November 1, 2024. These conversions from contingent cash payments to Golden Matrix Common Stock aligns the interests of key stakeholders with GMGI's long-term prospects for further growth and overall continued success. Moreover, it is expected to provide GMGI with enhanced financial flexibility as it continues to focus on its various strategic initiatives and expansion efforts.
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RXRX | Hot Stocks08:06 EDT Recursion receives FDA clearance for Phase 1/2 clinical trial of REC-1245 - Recursion announced that the FDA has cleared an investigational new drug, or IND, application for a Phase 1/2 clinical trial of REC-1245, a new chemical entity for the treatment of biomarker-enriched solid tumors and lymphoma. Recursion identified the novel regulatory role of RBM39 associated with CDK12 using its maps of biology and first reported this relationship in early 2023 at Download Day, Recursion's R&D and investor event. Recursion believes the modulation of RBM39 may be associated with a therapeutic effect in certain biomarker-enriched solid tumors and lymphoma. Additionally, Recursion estimates that the initially addressable population for this potential therapeutic to be greater than100,000 patients in the US and EU5. REC-1245 is a potent and selective RBM39 degrader with a potential first-in-class profile. Preclinical data support that RBM39 degradation induces splicing defects which downregulate DNA Damage Response networks and cell cycle checkpoints. The Phase 1/2 clinical trial will evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and potential monotherapy efficacy of REC-1245, and is expected to initiate in Q4.
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HUM | Hot Stocks08:04 EDT Humana plunges after warning on 2026 revenue headwind from lower Star ratings - In a regulatory filing this morning, Humana states: "Based on preliminary 2025 Medicare Advantage - MA - Star Ratings data provided by the Centers for Medicare and Medicaid Services, or CMS, which became available in CMS Plan Finder as of October 1, 2024, Humana has approximately 1.6 million, or 25%, of its members currently enrolled in plans rated 4 stars and above for 2025, a reduction from 94% in 2024. A significant driver of these results was contract H5216 decreasing to a 3.5-star rating from a 4.5-star rating in 2024. H5216 contains approximately 45% of Humana's MA membership, including greater than 90% of its employer group waiver plan - Group MA - membership. The decline in Stars performance for 2025 will impact Humana's quality bonus payments in 2026. 2025 Star rating details are expected to be formally released by CMS on or around October 10th. Based on the Company's review of the preliminary data provided by CMS, its reduction in Star ratings was driven by narrowly missing higher industry cut points on a small number of measures. Humana believes there may be potential errors in CMS' calculation of certain of its results and industry threshold cut points. The Company has outstanding appeals related to certain results and has requested additional information to ensure accuracy of threshold calculations. The Company intends to continue to engage with CMS on these matters to ensure Star ratings are accurate and representative of plan quality. Despite on-going appeal efforts, the Company is disappointed with its performance and has initiatives underway focused on improving its operating discipline and returning to an industry leading Stars position as quickly as possible. These initiatives are expected to impact performance across key measures and drive improved quality bonus payments in 2027 and beyond. Areas of focus include enhancing member and provider engagement strategies, improving customer experience and strengthening technology integrations to support operational excellence. The Company will provide additional detail regarding these initiatives over the coming months to further enhance its operating rigor. Humana is exploring all available options to mitigate the expected 2026 revenue headwind related to its 2025 Star ratings in the event its challenges to the results are unsuccessful. The 2025 Stars results are not expected to impact the Company's financial results or outlook for 2024 or 2025. In addition, the Company remains focused on achieving its individual MA margin target of 'at least 3 percent', although there is now more risk in its ability to fully achieve this result by 2027. Finally, the Company is focused on realizing its full potential by concentrating on continuous improvement and leveraging its differentiated capabilities to improve the health of its customers and drive long-term shareholder value." Humana shares, which declined nearly 12% on Tuesday to close at $279.45, are indicated down another 22% to $219.29 in Wednesday pre-market trading.
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PDSB | Hot Stocks08:04 EDT PDS reports updated data from the IMMUNOCERV Phase 2 clinical trial - PDS Biotechnology announced that updated data from the IMMUNOCERV Phase 2 clinical trial evaluating Versamune HPV, formerly PDS0101, with chemoradiation to treat locally advanced cervical cancer were presented at the American Society for Radiation Oncology, or ASTRO, Annual Meeting 2024 in an oral presentation by Adam Grippin, of The University of Texas MD Anderson Cancer Center. The abstract was granted Basic/Translational Science Award from the ASTRO Annual Meeting Steering Committee." The IMMUNOCERV Phase 2 clinical trial evaluated the efficacy, safety and tolerability of Versamune HPV in combination with standard-of-care chemoradiotherapy for the treatment of locally advanced cervical cancer. The investigator-initiated study enrolled 17 newly diagnosed high-risk patients with large tumors of at least 5 cm in size. Highlights from the presentation include: All patients received at least 2 doses of Versamune(R) HPV; Median follow-up was 19 months, 36-month overall survival rate was 84.4%, and 100% for the eight patients who received all five doses of Versamune HPV. Historical published data show 36-month OS rate with chemoradiation in this population of approximately 64%.
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ACN NVDA | Hot Stocks08:03 EDT Accenture, Nvidia announce expanded partnership - Accenture (ACN) and Nvidia (NVDA) announced an expanded partnership, including Accenture's formation of a new Nvidia Business Group. With generative AI demand driving $3B in Accenture bookings in its recently-closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture's AI Refinery, which uses the full Nvidia AI stack-including Nvidia AI Foundry, Nvidia AI Enterprise and Nvidia Omniverse-to advance areas such as process reinvention, AI-powered simulation and sovereign AI. Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
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CNC | Hot Stocks08:03 EDT Centene from Arkansas Health & Wellness offers statewide insurance in 2025 - Ambetter from Arkansas Health & Wellness, a product offered by a Centene Corporation company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, will offer a variety of affordable health insurance plans through the Marketplace and AR Homes statewide for plan year 2025. Open enrollment for the Health Insurance Marketplace for Arkansas runs from Nov. 1, 2024, through Jan. 15, 2025. Enroll by Dec. 15 for coverage starting Jan. 1, 2025.
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ATYR | Hot Stocks08:03 EDT aTyr Pharma announces publication of Phase 1b/2a clinical trial ofefzofitimod - aTyr Pharma announced the publication of a post hoc analysis of the Phase 1b/2a clinical trial of its lead therapeutic candidate, efzofitimod, in patients with pulmonary sarcoidosis, a major form of interstitial lung disease, in the European Respiratory Journal. The publication is entitled "Therapeutic Doses of Efzofitimod Demonstrate Efficacy in Pulmonary Sarcoidosis." The publication reports findings from a post hoc analysis of a pre-specified endpoint in the Phase 1b/2a randomized, double-blind, placebo-controlled, 24-week study of efzofitimod in 37 patients with pulmonary sarcoidosis receiving oral corticosteroid treatment who underwent a forced steroid taper in the first 8 weeks of the study. In this pooled analysis, the time-to-first-relapse was significantly shorter in the subtherapeutic group than in the therapeutic group. The median time-to-first-relapse in the subtherapeutic group was 126 days, whereas only one of 17 patients in the therapeutic group had relapsed by the end of the study. Furthermore, 54.4% of patients in the subtherapeutic group relapsed for steroid use following steroid taper, compared to 7.7% of patients in the therapeutic group. Efzofitimod is a tRNA synthetase derived therapy that selectively modulates activated myeloid cells through neuropilin-2 to resolve inflammation without immune suppression and potentially prevent the progression of fibrosis. Efzofitimod is currently being investigated in the global pivotal Phase 3 EFZO-FIT study in 268 pulmonary sarcoidosis patients Efzofitimod has received orphan drug designation in the U.S., E.U. and Japan for sarcoidosis and Fast Track designation in the U.S. for pulmonary sarcoidosis. The Phase 1b/2a study was a randomized, double-blind, placebo-controlled, multiple-ascending dose clinical trial in 37 patients with pulmonary sarcoidosis.
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SCPX | Hot Stocks08:03 EDT Scorpius Holdings selected to join Medical CBRN Defense Consortium - Scorpius Holdings has been selected to join the Medical CBRN Defense Consortium, a key organization advancing the development of medical countermeasures and related technologies to protect U.S. military personnel and civilians from chemical, biological, radiological, and nuclear threats. The MCDC, established in 2015 under the U.S. Department of Defense, serves as a collaborative framework for government, industry, and academia to partner on cutting-edge medical solutions. Its mission is to rapidly advance research, development, and manufacturing of technologies that safeguard national security. As a member, Scorpius will contribute its proprietary scientific expertise and resources to accelerate innovations aimed at addressing CBRN threats. Membership in the consortium allows Scorpius to engage with government stakeholders, collaborate with other innovative companies and academic institutions, and pursue funding opportunities for projects aligned with the DoD's medical CBRN defense priorities.
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NAAS | Hot Stocks08:02 EDT NaaS joins China ESG alliance - NaaS Technology announced that it has joined the China ESG Alliance as the first member from China's electric vehicle charging sector. This strategic move highlights NaaS's dedication to advancing sustainable practices and enhancing green, low-carbon initiatives across the industry.
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CODI | Hot Stocks08:01 EDT Compass Diversified-backed Altor Solutions completes Lifoam acquisition - Compass Diversified announced that its subsidiary, Altor Solutions completed its previously announced acquisition of Lifoam Industries, pursuant to the agreement entered into on August 15, 2024. The acquisition was completed for an enterprise value of $137M. Founded in 1954, Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for the healthcare, commercial and retail industries. Lifoam is a carve-out of the material sciences company Jadex Inc.
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ATHE | Hot Stocks07:41 EDT Alterity Therapeutics presents data on ATH434 at MDS Congress - Alterity Therapeutics announced that multiple oral and poster presentations were presented at the International Congress of Parkinson's Disease and Movement Disorders. Title: Preliminary Efficacy and Safety of ATH434 in Multiple System Atrophy: Results: The interim data suggest that ATH434 may have a disease-modifying effect in MSA, with 30% of participants showing stable or improved clinical outcomes. The average change in Unified MSA Rating Scale Part I scores over 6 months is smaller than typically observed in untreated MSA patients. At 6 months all participants exhibited brain volume declines consistent with MSA progression; however, the clinical responders maintained stable brain volumes at 12 months. Importantly, ATH434 was well tolerated with no drug-related serious adverse events, and most adverse events were mild to moderate, showing a favorable safety profile. Together, these early outcomes suggest that ATH434 could have a potential to modify disease progression. Neurofilament light chain levels are a measure of neuronal injury and are often correlated with disease severity. In the Phase 2 trial, the clinical responders had stable or reduced NfL levels: at 6 months, the average increases in NfL were 2.7% in CSF and 4.5% in plasma, compared to 17.9% and 19.3% in Alterity's bioMUSE natural history participants, respectively. In addition, clinical responders also showed stability in iron levels in the substantia nigra, putamen, and globus pallidus compared to non-responders with increased iron. The stabilization of iron content in these subcortical brain regions, combined with NfL biomarker data, indicates that ATH434 may slow neurodegeneration by modulating brain iron levels and reducing oxidative injury. Title: A Phase 2 Study of ATH434, a Novel Inhibitor of alpha-Synuclein Aggregation, for the Treatment of Multiple System Atrophy: Results: The oral presentation and poster describe the baseline characteristics for the 77 participants from Alterity's ATH434-201 randomized, double-blind Phase 2 clinical trial, with a focus on baseline fluid biomarkers, neuroimaging and clinical data. The participants met strict selection criteria designed to confirm that participants had early-stage MSA. The accuracy of diagnosing clinically probable MSA may be increased using a multimodal approach that includes neuroimaging biomarkers and fluid biomarkers such as NfL. ATH434 is a potential disease modifying therapy based on its ability to redistribute excess labile iron without impairing normal iron storage, inhibit alpha-synuclein aggregation and reduce oxidative injury. Importantly, increased iron levels were evident in multiple subcortical brain regions, with increased levels being observed in the substantia nigra in nearly all subjects. Title: Association Between Clinical Progression in Multiple System Atrophy and Brain Volume Changes Evaluated via Deep Learning Segmentation: Results: The poster describes results from the "Biomarkers of progression in Multiple System Atrophy" natural history study designed to track the progression of individuals with MSA. For participants enrolled in bioMUSE, fluid and imaging biomarkers, along with clinical manifestations, were used to classify patients as MSA or Parkinson's Disease/Dementia with Lewy Bodies. Patients who tested negative for alpha-synuclein were excluded from the analyses. In the trial, novel MRI imaging techniques and deep learning segmentation were used to assess brain volume across brain Regions of Interest relevant to MSA. Structural MRI plays a critical role in both diagnosing MSA and monitoring disease progression. Subcortical brain volume shows potential as a biomarker for evaluating disease-modifying therapies. Over the course of one year, MRI with deep-learning segmentation revealed significant brain volume reduction in MSA ROIs whereas the PD patients showed no significant brain volume changes. In contrast, the MSA patients exhibited significant volume reductions in the cerebellum, globus pallidus, and brainstem. In addition, the MSA-P patients showed significant volume loss in the putamen. The results illustrate the correlation between the brain volume reduction and worsening clinical scores, as measured by the UMSARS, providing a visual representation of disease progression. Title: Effects of ATH434, a Clinical-Phase Small Molecule with Moderate Affinity for Iron, in a Parkinson's Disease Model in Macaques: Results: The presentation demonstrated that ATH434 treatment led to lower iron levels in the affected area of the brain, the substantia nigra, and improved motor performance and general function in monkeys with experimentally induced Parkinson's disease. At week 12, all 5 ATH434-treated macaques had stable or improving scores from Baseline while two of three vehicle-treated macaques did not demonstrate improvement. The improved general behavior was well-correlated with reduced motor impairment. These favorable parkinsonian outcomes observed in each of the ATH434-treated monkeys were also associated with increased levels of striatal synaptophysin, a protein marker that reflects functional connections between neurons, suggesting functional recovery of nerve endings in this critical motor pathway. These results support further investigation of ATH434 for the treatment of Parkinson's disease.
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NRGV | Hot Stocks07:41 EDT Energy Vault: Green hydrogen project financing for Calistoga, CA expected in Q4 - Energy Vault Holdings announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is focusing on addressing the largest markets and growth regions, delivering more predictable and recurring revenues, and driving strong growth and profitability. Key Highlights: Launching project financing for select U.S. projects, including the Calistoga Resiliency Center..."Energy Vault continues to execute on our strategic vision, positioning the company at the forefront of the global energy transition," said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. ...This move is expected to enhance the Company's ability to capitalize organically and inorganically on emerging opportunities in the rapidly evolving energy storage market...Energy Vault has retained Jefferies LLC to assist the company with its project financing strategy, maximizing the value of available tax credits and optimizing capital deployment models.
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RIOFF | Hot Stocks07:38 EDT Rio2 Limited subsidiary receives the principal Sectorial Permits in Chile - Rio2 announces that its Chilean subsidiary, Fenix Gold Limitada, has received the principal Sectorial Permits it requires to begin construction at its Fenix Gold Project located in the Maricunga Gold Belt of the Atacama Region, Chile. These Sectorial Permits are: Mining Methods; Process Plant; Waste Dumps & Stockpiles; and Closure Plan. These Sectorial Permits represent the last governmental authorization required to enable the start of the construction phase and subsequent operation of the Fenix Gold Mine. Following the announcement of the filing of an independent technical report dated October 16, 2023, entitled "NI 43-101 Technical Report on the Feasibility Study for the Fenix Gold Project", Rio2 has been working with its financial advisor, Endeavour Financial, to develop the optimum financing solution for the Fenix Gold Project. The Company has received several financing proposals from interested counterparties, which are being considered by management and the Company's Board. Due diligence is progressing with certain of these financing sources and further updates will be provided in due course. The Fenix Gold project is one of the largest undeveloped gold oxide, heap leach projects in the Americas, hosting a Measured and Indicated mineral resource of 4.8M ounces of gold which the Company believes will make a positive contribution to the Atacama Region and Chile. The Project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted on and designed in from the outset. The Project represents a significant investment in the gold mining business in Chile by a junior mining company of approximately $235M of initial and sustaining capital and will generate employment for at least 1,200 people during the construction phase and 800 people during the 17-year operations phase.
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PCRX | Hot Stocks07:36 EDT Pacira completes acquisition of pharmacy business in Atlantic Canada - PharmaCorp announced that, further to its news release dated September 25, it has completed the acquisition of a 100% interest in a pharmacy business including land and buildings located in Atlantic Canada. The aggregate purchase price for the Acquired Pharmacy was $15,377,013, of which $15,177,013 was paid using cash on hand and $200,000 was paid by issuing common shares of PharmaCorp. The deemed price for the Common Shares was 66.16c pursuant to the price adjustment mechanism included in the applicable share purchase agreement.
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CME | Hot Stocks07:36 EDT CME Group reports Q3, September market statistics - CME Group reported its Q3 and September 2024 market statistics, with average daily volume reaching new, all-time records of 28.3 million contracts in Q3 and 28.4 million contracts in the month of September, and growth across all asset classes in both periods. In Q3, the company's ADV grew 27% year-over-year, with record volume in interest rate products. CME Group's deeply liquid U.S. Treasury complex hit an all-time quarterly ADV record of 8.4 million contracts and SOFR futures reached an all-time quarterly ADV record of 4.1 million contracts. September ADV grew 25% year-over-year, with record volume in interest rate and agricultural products for the month.
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EBS | Hot Stocks07:36 EDT Emergent BioSolutions closes $100M asset-backed loan facility - Emergent BioSolutions entered into a new credit agreement on September 30, 2024 providing for an asset-based revolving loan facility with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. The credit agreement provides for revolving loan commitments in an aggregate principal amount up to $100 million with a fixed maturity date of September 30, 2029, subject to early maturity triggers based on the maturity of its other material indebtedness. The new credit facility brings additional liquidity to support Emergent's multi-year transformation plan. As of September 30, 2024, Emergent had a cash balance of approximately $150 million and undrawn access to $100 million under the ABL.
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TMDI | Hot Stocks07:35 EDT Titan Medical announces director resignations - Titan Medical announces that following its annual general meeting held on September 30, 2024 and in accordance with Titan's Majority Voting Policy, Anthony Giovinazzo, Cathy Steiner, Cary Vance and Paul Cataford have tendered to the Board of Directors their resignations as directors of Titan. Pursuant to the Voting Policy, the Corporate Governance and Nominating Committee of the Corporation must consider such resignations and make a recommendation to the Board as to whether to accept such resignations within ninety days of the Meeting. In its deliberations, the Committee may consider, among other things, the effect any resignation may have on the Corporation's ability to comply with any applicable governance rules and policies. In accordance with Titan's Articles and corporate law requirements, Titan must have a minimum of three directors and under the applicable securities instrument governing audit committees, Titan's audit committee must currently comprise a minimum of three independent directors. As a result of the foregoing, the Board has only accepted Paul Cataford and Cary Vance's resignations with immediate effect at this time.
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PROP | Hot Stocks07:33 EDT Prairie Operating closes acquisition of Nickel Road Operating - Prairie Operating announced the closing of its previously announced $84.5M acquisition of the oil-weighted assets of Nickel Road Operating, or NRO, a portfolio company of Vortus Investment Advisors. The NRO acquisition was funded with the proceeds from a private placement of Common Stock, an Equity Facility, and cash on hand. Located in Weld County, Colorado, the newly acquired assets will add 5,592 net leasehold acres, 89 approved well permits, and 26 operated horizontal wells providing accretive cashflow to Prairie's existing DJ Basin operations. Piper Sandler and Clear Street acted as Co-lead placement agents with Pickering Energy Partners and Johnson Rice & Company acting as placement agents. Vinson & Elkins is serving as legal counsel to the Company.
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VRCA | Hot Stocks07:33 EDT Verrica Pharmaceuticals to reduce number of sales territories to 35 from 80 - Verrica Pharmaceuticals announced a restructuring of its sales and operating teams to reduce costs and expand access to YCANTH for the treatment of molluscum contagiosum. These operational changes to Verrica's commercial organization are expected to reduce the Company's overall cost structure by approximately fifty percent, while maintaining sufficient resources to support YCANTH as the new standard of care for patients with molluscum contagiosum. To reduce expenses and optimize the efficiency of Verrica's field force, the Company will reduce the number of sales territories from 80 to approximately 35, with a focus on those territories that have historically shown a high prevalence of molluscum, a critical mass of previous cantharidin users and strong insurance coverage for YCANTH. Sales activities in each of these territories will focus on pediatricians in addition to Verrica's established sales efforts to dermatology offices. The Company will also reduce headcount in certain support functions. Total operating expenses after the restructuring are expected to be reduced by approximately fifty percent. The Company will incur a one-time charge related to the restructuring of approximately $1.0 million.
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XAIR | Hot Stocks07:32 EDT Beyond Air announces strategic partnership with Healthcare Links - Beyond Air announced entering a strategic partnership with Healthcare Links, a renowned healthcare advisory and contracting firm. This partnership is focused on expanding access to Beyond Air's LungFit PH system by streamlining entry into Group Purchasing Organizations, or GPOs, and Integrated Delivery Networks, IDNs, across the United States. The LungFit PH system, a groundbreaking inhaled nitric oxide, or NO, generator and delivery system, has been developed to treat patients with persistent pulmonary hypertension of the newborn, or PPHN, and other associated respiratory conditions. The innovative technology allows for on-demand NO generation from ambient air, eliminating the need for cylinder storage, enhancing patient safety, and improving operational efficiencies for healthcare facilities. With Healthcare Links' expertise in facilitating relationships and contracts with GPOs and IDNs, this partnership will help fast-track the availability of LungFit PH to a larger network of hospitals and healthcare providers. By tapping into these critical distribution channels, Beyond Air aims to broaden the reach of its life-saving technology, ensuring that more patients, particularly vulnerable newborns, can benefit from this cutting-edge respiratory therapy.
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LLY | Hot Stocks07:31 EDT Eli Lilly announces new $4.5B site, the Lilly Medicine Foundry - Eli Lilly and Company announced a $4.5 billion investment to create the Lilly Medicine Foundry, a new center for advanced manufacturing and drug development. This facility will give Lilly the ability to research new ways of producing medicines, while also scaling up manufacturing of medicines for clinical trials. The first-ever facility of its kind, combining research and manufacturing in a single location, the Medicine Foundry will be located in Indiana's LEAP Research and Innovation District in Lebanon, Indiana, and will expand the company's investment there to more than $13 billion. "As we accelerate our work to discover new medicines for the toughest diseases, we're continuing to invest in state-of-the-art infrastructure to support our growing pipeline," said David A. Ricks, Lilly's chair and CEO. "In addition to supplying high-quality medicine for our clinical studies, this new complex will further strengthen our process development and scale up our manufacturing capabilities to speed delivery of next-generation medicines to patients around the world."
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CARR | Hot Stocks07:24 EDT Carrier Global completes $775M sale of its refrigeration business to Haier - Carrier Global announced it has completed the sale of its commercial refrigeration business to its decades-long joint venture partner Haier for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. The sale, along with the completed divestitures of Industrial Fire and Global Access Solutions and the announced sale of Commercial and Residential Fire, enables Carrier to focus on its core businesses and demonstrates meaningful progress as the company nears the completion of its portfolio transformation. Carrier Transicold transport refrigeration, Sensitech and the Lynx digital ecosystem are not included in the transaction and remain core to Carrier achieving its vision. As previously communicated, the net proceeds of the transaction will be used to pay down debt.
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VEEV | Hot Stocks07:17 EDT Veeva announces 18 of top 20 medtech companies use its Cloud applications - Veeva Systems announced that 18 of the top 20 medtech companies leverage Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Veeva MedTech enables more than 125 customers with deep industry expertise and technology from ideation to commercialization. With an increasing need to keep up with industry changes for faster time to market, medtech companies are moving to connected applications on a single cloud platform to execute key processes more efficiently.
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ACB | Hot Stocks07:15 EDT Aurora Cannabis announces collaboration with Genome BC-funded project - Aurora Cannabis announced a research grant provided to the University of British Columbia, UBC, by Genome British Columbia, Genome BC, a not-for-profit organization supporting world-class genomics research and innovation in British Columbia. The project, Genomics-enabled Aroma Breeding in Cannabis, will directly support Aurora's genetics work the project, is led by Drs. Jose Celedon, Principal Scientist, Breeding and Genetics at Aurora, and by Joerg Bohlmann, a professor at UBC, and is focused on validating genetic and chemical markers for fruity aroma in cannabis. This genetics research aligns with Aurora's breeding goals and will enable the company to enhance its breeding program with greater accuracy and efficiency on consumer-focused traits, positively impacting future innovation.
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UUUU | Hot Stocks07:13 EDT Energy Fuels completes acquisition of Base Resources - Energy Fuels announced that it has completed the acquisition of Base Resources, an established heavy mineral sands and critical mineral company, headquartered in Perth, Australia, in consideration of the issuance of Energy Fuels shares totaling approximately $178.4M in value. "With Energy Fuels' acquisition of Base Resources and its Toliara Project in Madagascar, we have now acquired the raw materials that, when developed, will enable us to become one of the world's leading suppliers of advanced rare earth products and titanium and zirconium minerals, while also maintaining our current position as a leading producer of uranium in the United States," said Mark Chalmers, President and CEO of Energy Fuels Inc.
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GRMN | Hot Stocks07:10 EDT Garmin unveils Lily 2 Active, smartwatches with built-in GPS - Garmin announced the Lily 2 Active - its latest in the lineup of fashion-forward smartwatches that add built-in GPS and include popular health, wellness and connected features.
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SM | Hot Stocks07:09 EDT SM Energy announces closing of Uinta acquisitions - SM Energy Company announced that it has closed the previously announced Uinta Basin acquisition of an 80% undivided interest in the oil and gas assets of XCL Resources, LLC and affiliated entities, which includes the exercise of its option to acquire certain additional assets adjacent to XCL Resources position. President and Chief Executive Officer Herb Vogel comments: "We are excited to add a third core area of very high-quality assets to the SM portfolio. We look forward to welcoming new employees to the SM team from XCL Resources and Altamont Energy and to working in our new Utah communities. The Uinta Acquisitions add significant scale and long-term value creation opportunity for SM Energy via high-quality, oily stacked pay with outstanding well economics."
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MRNA | Hot Stocks07:09 EDT Moderna appoints Abbas Hussain to board of directors - Moderna announced that Abbas Hussain, former CEO of Vifor Pharma, has joined Moderna's Board of Directors, effective October 2, 2024. Hussain most recently served as CEO of Vifor Pharma from 2021 to 2023.
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TLRY | Hot Stocks07:07 EDT Tilray's Blue Point Brewing hosts 20th Annual Cask Ales Festival - Blue Point Brewing Company announces its 20th Annual Cask Ales Festival, taking place on Saturday, Nov. 2, 2024 from 2pm - 6pm at its flagship brewery in Patchogue, New York. The milestone event promises to be the biggest celebration yet, featuring live performances by The Warped Tour Band, KRUSH, and DJ Kaution, along with a full day of entertainment, exceptional beer tastings, delicious food trucks, and exciting surprises.
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VMEO PTC | Hot Stocks07:06 EDT Vimeo appoints Charlie Ungashick as Chief Marketing Officer - Vimeo (VMEO) appointed Charlie Ungashick as Chief Marketing Officer. Ungashick, who has supported the brand as interim CMO since January 2024, will oversee the brand's comprehensive marketing efforts across the consumer and commercial channels as Vimeo integrates leading-edge AI capabilities to deliver value for businesses, creators and video professionals globally. He will also lead and produce the company's first customer conference, Vimeo REFRAME, later this month. Ungashick brings more than 20 years of experience to Vimeo, most recently as CMO of Validity, a leader in the email optimization and CRM data space, and Head of Product at Applause, a market leader in crowdsourced software testing for apps, payments, websites, and smart devices. His expertise lies in leading global marketing teams at several high-growth, category-leading tech companies, including WorkHuman, and PTC (PTC).
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MRX | Hot Stocks07:06 EDT Marex Group to acquire Aarna Capital, terms not disclosed - Marex Group has agreed to acquire Aarna Capital to expand its operations in the Middle East and grow its clearing business, in line with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital provides clearing, execution and customised risk management solutions in energy, base and ferrous metals, as well as financial markets such as equities, fixed income and FX. The acquisition of Aarna Capital will provide Marex with additional capabilities in a new location and access to around 180 local clients, which includes institutional investors, family offices and corporate clients, through a well-established and respected team. The acquisition will be highly complementary to Marex's existing operations in the Middle East, which includes approximately 60 employees in Dubai, and is aligned with Marex's strategy to bring new clients to its platform, increase the capabilities it can offer existing clients, and grow its global footprint. The transaction is expected to be accretive to earnings and contribute around five percent of Marex Group's profit after tax from fiscal year ended 31 December 2025 onwards. This includes anticipated day one synergies from Aarna Capital's business activity flowing through the Marex platform, with savings from internalising clearing fees and higher net interest income through Marex's financing relationships. In addition, Marex has identified significant scope for future growth by adding new clients in the Middle East through these additional capabilities and from cross-selling Aarna Capital's products to existing clients. This acquisition is expected to close in late 2024, subject to regulatory approval.
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SLND | Hot Stocks07:05 EDT Southland Holdings joint venture executes contract with City of Winnipeg - Southland Holdings announced that Red River Biosolids Partners General Partnership, a joint venture comprised of a Southland subsidiary, Oscar Renda Contracting of Canada, Aecon Group and MWH Constructors Canada has executed a contract with the City of Winnipeg to deliver the Winnipeg North End Sewage Treatment Plant, or NEWPCC, Biosolids Facilities Upgrade project under a Progressive Design-Build contract model. The collaborative project begins with a development phase contract valued at approximately $70M to advance design and finalize the scope and cost of various elements of the project. Southland holds a 33.3% share of the development phase contract which will be added to its backlog in the third quarter of 2024. Upon successful completion of this phase, the implementation phase will begin to finalize the design and execute construction. The scope of work includes the design and construction of a new biosolids facility, as well as modifications to the existing primary clarification. NEWPCC provides 70% of Winnipeg's wastewater treatment capacity and is the largest sewage treatment plant in the city. Southland is also currently working with Aecon and the City of Winnipeg to deliver the NEWPCC Headworks Facilities Upgrade project.
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BCRX | Hot Stocks07:05 EDT BioCryst begins enrollment for Phase 1 trial evaluating BCX17725 - BioCryst Pharmaceuticals announced the enrollment of the first participant in a Phase 1 trial evaluating BCX17725, a potent and selective investigational kallikrein 5, or KLK5, inhibitor designed to provide best-in-class disease-modifying treatment for people with Netherton syndrome. BCX17725 is a protein therapeutic that is designed to treat the underlying protein deficiency that causes Netherton syndrome by inhibiting KLK5, a serine protease in the skin that is unregulated in people with Netherton syndrome. The trial will evaluate the safety, tolerability, pharmacokinetics and immunogenicity of BCX17725 when administered via single and multiple doses in healthy adult participants, and multiple doses in participants with Netherton syndrome in an open-label design. The company expects to report initial results from the trial by the end of 2025. Netherton syndrome is a serious, rare, lifelong genetic disorder affecting the skin, hair, and immune system, caused by lack of normal function of a natural inhibitor of KLK5. People with Netherton syndrome often have red, scaly, inflamed skin, fragile hair, and are more likely to develop skin infections, allergies, asthma and eczema. Netherton syndrome can be life threatening, especially during infancy when patients are vulnerable to dehydration and recurrent infections. Currently, there are no approved treatments for Netherton syndrome.
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AEGXF SLND | Hot Stocks07:05 EDT Aecon Group executes contract with City of Winnipeg for sewage plant upgrade - Aecon Group (AEGXF) announced that Red River Biosolids Partners General Partnership, a consortium comprised of Aecon, Oscar Renda Contracting of Canada Inc., a subsidiary of Southland Holdings (SLND) and MWH Constructors Canada Ltd. in which Aecon is the lead partner and holds a 33.3% interest, has executed a contract with the City of Winnipeg to deliver the Winnipeg North End Sewage Treatment Plant Biosolids Facilities Upgrade project under a Progressive Design-Build contract model. The collaborative project begins with a development phase contract valued at $95 million to advance design and finalize the scope and cost of various elements of the project. Aecon's share of the development phase contract will be added to its Construction segment backlog in the third quarter of 2024. Upon successful completion of this phase, the implementation phase will begin to finalize the design and execute construction, with substantial completion expected in 2030. The scope of work includes the design and construction of a new biosolids facility, as well as modifications to the existing primary clarification. NEWPCC provides 70% of Winnipeg's wastewater treatment capacity and is the largest sewage treatment plant in the city. Aecon is also currently working with Oscar Renda Contracting of Canada Inc. and the City of Winnipeg to deliver the NEWPCC Headworks Facilities Upgrade project.
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WISA | Hot Stocks07:04 EDT WiSA Technologies hires Stanley Mbugua as VP of Finance, CAO - WiSA Technologies has hired Stanley Mbugua as Vice President of Finance, effective September 30. In a planned transition, he will also assume the role of Chief Accounting Officer, effective November 30 . Mr. Mbugua will be responsible for performing the services and duties customarily associated with both the Vice President of Finance and Chief Accounting Officer positions. "We are building our team for the next phase of growth, and we welcome Stanley in his current role as VP Finance and planned transition to also assume the role of Chief Accounting Officer," said Brett Moyer, CEO of WiSA Technologies. "Stanley brings extensive experience and a proven track record in leading financial operations with multinational technology companies, and we are confident he will play a pivotal role in shaping the financial future of WiSA."
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ZEPP | Hot Stocks07:03 EDT Zepp Health regains compliance with NYSE minimum price - Zepp Health announced that it has received a letter from the New York Stock Exchange, NYSE, dated October 2, 2024 notifying the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual.
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MOB LMT | Hot Stocks07:03 EDT Mobilicom awarded order from Tier-1 Israel-based customer - Mobilicom (MOB) announced it has secured its third production-scale order from a Tier-1 Israel-based customer, bringing total purchases from this customer to $1.7M in less than a year. The customer, one of the world's largest loitering munitions providers with approximately $4B in annual revenue, has selected Mobilicom's SkyHopper Pro Micro datalink for integration into its systems. This latest order is valued at $530,000. This Tier-1 customer is a prime vendor for Lockheed Martin (LMT) in the U.S. and a major supplier of defense systems, including loitering munitions, sold to over 40 countries, including European Union and NATO member countries. With EU defense spending rising dramatically due to the conflict in Ukraine, this vendor has achieved significant success and market share with its loitering munitions, becoming a key player in meeting the growing demand for advanced military technologies in Europe and beyond. SkyHopper PRO Micro, Mobilicom's newest secured software defined radio, currently offers the best size-to-performance form factor in the industry at 50% of the size of the closest comparable competitor and at a fraction of the price. The product was designed in collaboration with this Tier-1 customer with the aim of supporting mass production. SkyHopper Pro Micro can be upgraded with Mobilicom's ICE Cybersecurity suite which can withstand current threats seen in conflicts around the world.
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BRKR | Hot Stocks07:03 EDT Bruker acquires Dynamic Biosensors, terms undisclosed - Bruker announced the acquisition of Dynamic Biosensors, which is based in Munich, Germany. Financial details of the transaction were not disclosed. In FY25, Bruker Biosensors expects additional revenues greater than $5M from the DBS acquisition, with no material EPS impact.
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GIB | Hot Stocks07:02 EDT CGI selected a position of the FCHS2 10-year IDIQ contract by U.S. DoI - CGI Federal announced it has been awarded a position on the Foundation Cloud Hosting Services II, FCHS2, 10-year, US$2 billion Indefinite-Delivery, Indefinite-Quantity, IDIQ, contract by the U.S. Department of the Interior, DoI. Under this agreement, CGI offers a comprehensive range of cloud services and solutions in support of critical modernization needs. CGI and its partners bring unique technologies, platforms, and products to critical public missions. CGI leverages its specialized Software-as-a-Service (SaaS) offerings, thought leadership in cloud IT strategies, and cybersecurity consulting to provide meaningful outcomes to the unique needs of our federal clients across agencies.
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PLTR | Hot Stocks07:00 EDT Edgescale AI partners with Palantir to launch Live Edge - Edgescale AI and Palantir Technologies announced today a strategic partnership to deliver Live Edge, a combination of Palantir Edge AI and Edgescale AI distributed infrastructure technology, designed to operationalize artificial intelligence in manufacturing, utilities, and other complex industrial environments. Palantir's software platforms support a wide range of customers in leveraging data and AI against their most critical operations. By extending Palantir software on VCEs powered by Edgescale, Live Edge provides direct access to hard-to-reach operational data and closes the loop to automate physical processes. With this multi-year partnership, Edgescale AI and Palantir are paving the way to integrate AI in critical industries for their customers.
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ACM | Hot Stocks06:56 EDT Aecom named design partner for Capital Line South Light Rail Transit Extension - AECOM will serve as the design partner subcontracted to Capital Line Design-Build Ltd., a member of the Ledcor Group, to deliver Phase 1 of the City of Edmonton's Capital Line South Light Rail Transit Extension project. Located in Alberta, Canada, the project includes a 4.5-kilometer light rail extension from Century Park to north of Ellerslie Road, two new stations and a light rail vehicle storage and maintenance facility. As a design lead on the Capital Line Design-Build Ltd. team, AECOM will be responsible for infrastructure and systems design. The new line will be built along the west side of 111 Street with an underpass at 23 Avenue, new bridges crossing Blackmud Creek and Anthony Henday Drive and new stations at Twin Brooks and Heritage Valley North. This project will also include a new operations and maintenance facility, with a separate contractor delivering a new fleet of light rail vehicles.
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RS DAN | Hot Stocks06:53 EDT Reliance appoints James Kamsickas to board, names Douglas Stotlar as chairmanDana - Reliance (RS) announced the appointment of James Kamsickas to serve as an independent director. Mr. Kamsickas' term took effect on October 1, 2024 and will expire at the Company's 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance's Board will be comprised of nine members, eight of whom are independent. Kamsickas is the chairman and CEO of Dana Incorporated (DAN). Consistent with corporate governance best practices and Reliance's strategic, deliberate and well-executed long-term succession plan, Mark Kaminski will step down from the position of non-executive Chairman of the Board effective January 1, 2025. Mr. Kaminski has served as Reliance's independent, non-executive Chairman since July 2016. Mr. Kaminski will continue to serve as a member of the Company's Board of Directors. On October 1, 2024, the Board of Directors unanimously appointed Douglas Stotlar as Reliance's independent, non-executive Chairman of the Board effective January 1, 2025. Mr. Stotlar has served on Reliance's Board of Directors since October 2016.
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BWXT | Hot Stocks06:51 EDT BWX Technologies announces Hurricane Helene relief - BWX Technologies announced a $100,000 donation to the Unicoi County United Way to support the recovery efforts underway in the Erwin, Tennessee community. This contribution will directly support emergency response teams on the ground, helping to provide essential supplies, medical aid, shelter and long-term recovery services to those affected by this devastating event.
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ISENF | Hot Stocks06:37 EDT Isoenergy to acquire Anfield Energy in $126.8M transaction - IsoEnergy and Anfield Energy announced that they have entered into a definitive agreement pursuant to which IsoEnergy will acquire all of the issued and outstanding common shares of Anfield by way of a court-approved plan of arrangement. Anfield owns 100% of the Shootaring Canyon Mill located in southeastern Utah, United States, one of only three licensed, permitted, and constructed conventional uranium mills in the United States, as well as a portfolio of conventional uranium and vanadium projects in Utah, Colorado, New Mexico, and Arizona. Under the terms of the transaction, Anfield shareholders will receive 0.031 of a common share of IsoEnergy for each Anfield Share held. Existing shareholders of IsoEnergy and Anfield will own approximately 83.8% and 16.2% on a fully-diluted in the-money basis, respectively, of the outstanding ISO Shares on closing of the transaction. The exchange ratio implies consideration of $0.103 per Anfield Share, based on the closing price of the ISO Shares over all Canadian exchanges on October 1, 2024. Based on each company's 20-day volume weighted average trading price over all Canadian exchanges for the period ending October 1, 2024, the Exchange Ratio implies a premium of 32.1% to the Anfield Share price. The implied fully-diluted in the-money equity value of the Transaction is equal to approximately $126.8M. The arrangement agreement has been unanimously approved at meetings of the board of directors of each of IsoEnergy and Anfield, including, in the case of Anfield, following, among other things, the receipt of the unanimous recommendation of a special committee of independent directors of Anfield. Evans & Evans, Inc. provided an opinion to the special committee of Anfield and Haywood Securities Inc. provided an opinion to the board of directors of Anfield, to the effect that, as of the date of such opinion, the consideration to be received by Anfield shareholders pursuant to the Transaction is fair, from a financial point of view, to the Anfield shareholders, subject to the limitations, qualifications and assumptions set forth in such opinion. The board of directors of Anfield unanimously recommends that Anfield securityholders vote in favor of the transaction. The board of directors of IsoEnergy unanimously recommends that IsoEnergy shareholders vote in favor of the transaction.
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KALV | Hot Stocks06:36 EDT KalVista reports inducement grants under Nasdaq listing rule - KalVista Pharmaceuticals announced that the compensation committee of KalVista's board of directors granted six newly-hired employees inducement options to purchase an aggregate of 31,000 shares of KalVista common stock on October 1, 2024 as inducements material to each employee entering into employment with KalVista. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $11.39 per share, which was equal to the closing price of KalVista common stock on the grant date. One-fourth of the options vest on the one-year anniversary of the vesting commencement date and the remainder vest in equal monthly installments over the next three years, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term and is subject to the terms and conditions of KalVista's Inducement Equity Incentive Plan and a stock option agreement covering the grant.
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VERA | Hot Stocks06:36 EDT Vera Therapeutics to expand development pipeline for atacicept - Vera Therapeutics announced expansion of its development pipeline for its lead asset, atacicept. This program is expected to build on the positive data reported to date from the ongoing ORIGIN Phase 2b and 3 clinical program developing atacicept to treat patients with IgAN, by extending into a broader population of IgAN and other autoimmune kidney indications. "Based on the positive clinical data announced over the past year, we have a greater understanding of atacicept's disease-modifying mechanism of action and potential to be a best-in-class treatment option for patients with IgAN. We're committed to providing long-term access to atacicept for all ORIGIN participants, and the PIONEER study will expand that opportunity to a significantly greater number of patients with IgAN," said Marshall Fordyce,, Founder and CEO of Vera Therapeutics. The company plans to initiate a study in Q4 2024 that will provide ORIGIN participants with extended access to atacicept prior to commercial availability in their region, as well as an opportunity to capture longer-term data. PIONEER Study - In 2025, the company plans to initiate a study evaluating the efficacy and safety of atacicept in: expanded IgAN populations - The first set of cohorts will include adults with low kidney function, low or high proteinuria, or IgAN recurrence after kidney transplant; adolescents at high risk of progression; as well as adolescents and adults with IgA vasculitis nephritis. The PIONEER study will expand to additional autoimmune glomerular diseases characterized by the presence of antibodies to glomerular antigens, including primary membranous nephropathy, focal segmental glomerulosclerosis, and minimal change disease. These new indications represent a significant potential opportunity for atacicept, with the combined peak prevalence of IgAN and autoimmune-driven PMN, FSGS, and MCD in the US estimated at ~230,000. The company believes atacicept may have therapeutic potential in additional rheumatologic and hematologic indications.
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GNTA | Hot Stocks06:35 EDT Genenta Science secures approval for trial for metastatic Renal Cell Cancer - Genenta Science announced that the Agenzia Italiana del Farmaco has approved a new Phase 1 clinical trial for metastatic Renal Cell Cancer, marking a significant expansion of the potential applications for Genenta's flagship product, Temferon. This approval by AIFA is in line with the standards that are harmonized across European regulatory frameworks established by the European Medicines Agency. Genenta's ongoing TEM-GBM development program is progressing having completed a Phase 1 dose-ranging trial that confirmed the absence of dose-limiting toxicities across 24 patients. Temferon-derived cells remained detectable in the peripheral blood for over two years post-infusion. The treatment has been associated with a median survival of 16.8 months, showing a 25% increase in the 2 years overall survival, setting the stage for our decision to advance to Phase 2 of the study. Metastatic disease is evident in 25% of newly diagnosed patients with mRCC. The newly approved mRCC trial, expected to commence in Q4 2024, targets a high-risk patient population whose median overall survival is currently less than 2 years after multiple lines of therapy. IFNalpha, the therapeutic payload delivered by Temferon, has demonstrated benefits across a range of solid tumors, including those involving the urinary tract. This trial aims to leverage similar immune response mechanisms against renal cell cancer.
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NVA | Hot Stocks06:34 EDT Nova Minerals engages Whittle Consulting for Estelle optimization - Nova Minerals announced the engagement of Whittle Consulting for optimization of its upcoming project wide economic studies and focused RPM starter mine Feasibility Study, within its over 500km2 flagship Estelle Gold Project, located in the Tintina Gold Belt in Alaska. In support of the project, Whittle have agreed to take ~18% of their consulting fees in Nova ordinary shares. 2024 RPM drill results and antimony surface sample assays expected back in the coming weeks. The advancement of the Estelle gold and critical minerals project provides significant leverage to gold and antimony at a time when both commodities are currently at record high prices. The Company has commenced its activities with Whittle for the purposes of advancing the project optimization with the primary objective being to establish the potential scope and scale of an early small-scale operation at Estelle to produce revenue from near-surface high-grade areas at minimum capital cost and time to permit. While the study will focus on the early small-scale operation, it will also dovetail with the plan for realizing the value of the complete resource across the project area in the longer term, and in particular will direct future activities for engineering, test work, and drilling whilst moving towards a Feasibility Study in 2025. With an already defined multi-million ounce gold resource across 4 deposits, the Estelle Project has development optionality in terms of initial project size and scale. The FS currently underway is considering a strategy to achieve production with a scalable operation, subject to market conditions and strategic partners, by; Establishing an initial lower capex smaller scale operation at the high-grade RPM deposit for potential near term cashflow at high margins to self-fund expansion plans. Develop the higher capex larger mining operation with increased gold production, cash flow, and mine life, which is of interest to potential future large gold company strategic partners. With China announcing export restrictions on antimony, the Stibium Antimony-Gold Prospect is being advanced and investigated as an additional small scale, stand-alone, quick start up cash flow opportunity, with potential US Dept. of Defense support.
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VERA | Hot Stocks06:34 EDT Vera Therapeutics to report results from ORIGIN Phase 2b clinical trial - Vera Therapeutics announced that long-term results from the ORIGIN Phase 2b clinical trial of atacicept for the treatment of IgAN will be delivered in a late-breaking oral presentation, and two informational posters will describe the ORIGIN Phase 3 and ORIGIN Extend trials, at the American Society of Nephrology, or ASN, Kidney Week 2024 in San Diego, California, from October 23 to 27. "Long-term Results from the ORIGIN Phase 2b Study of Atacicept for the Treatment of IgAN" will be presented by Jonathan Barratt, The Mayer Professor of Renal Medicine, University of Leicester. "ORIGIN 3: A Global Randomized, Controlled, Phase 3 Study of Atacicept in IgAN" will be presented by Richard Lafayette, Professor of Medicine, Nephrology and Director of the Stanford Glomerular Disease Center at Stanford University Medical Center. "ORIGIN Extend: A Long-Term Extension Study of Atacicept in IgAN" will presented by Richard Lafayette, Professor of Medicine, Nephrology and Director of the Stanford Glomerular Disease Center at Stanford University Medical Center.
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HAFN | Hot Stocks06:30 EDT Hafnia provides information relating to change of ISIN, CUSIP - Reference is made to the stock exchange announcement made by Hafnia on 1 October 2024 regarding the successful completion of the discontinuance of the Company from Bermuda and continuance to Singapore. The Redomiciliation entails a change of the ISIN code for the Company's shares traded on the Oslo Stock Exchange and a change of the CUSIP code for the Company's shares traded on the New York Stock Exchange.
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YYGH | Hot Stocks06:17 EDT YY Group launches advanced workforce solutions in the UK - YY Group Holding announced its expansion into the United Kingdom market. As part of its expansion, YY Circle, the Group's flagship interactive job-matching platform, will now be available to employers and job seekers in the UK's hospitality, retail, and service sectors. These industries, which have been navigating labor shortages and operational challenges, stand to benefit from YY Circle's intelligent workforce management solutions.
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LODE | Hot Stocks06:07 EDT Comstock executes license agreement, CRADA with Department of Energy - Comstock announced the execution by Comstock's wholly-owned subsidiary, Comstock IP Holdings, of an Exclusive License Agreement and Cooperative Research and Development Agreement with Alliance for Sustainable Energy, the managing and operating contractor of the U.S. Department of Energy's National Renewable Energy Laboratory, involving technologies developed by NREL and the Massachusetts Institute of Technology for conversion of lignocellulosic biomass into aromatic sustainable aviation fuel. NREL and MIT are separately party to an Inter-Institutional Agreement that appointed NREL the exclusive right to license NREL's and MIT's joint intellectual properties, and Comstock IP Holdings previously granted Comstock Fuels Corporation the master exclusive rights for commercialization of its existing and new renewable fuels technologies. Comstock Fuels offers advanced lignocellulosic biomass refining solutions that produce market-leading yields of cellulosic ethanol, gasoline, renewable diesel, SAF, and other renewable fuels at extremely low carbon intensities. The Comstock Fuels process generally involves: solvolytic digestion and fractionation of lignocellulosic biomass, bioconversion of cellulose into Cellulosic Ethanol, esterification of lignin and other derivatives into Bioleum Oil, hydrodeoxygenation of Bioleum Oil into Hydrodeoxygenated Bioleum Oil, refining of the resulting intermediates into ASTM compliant renewable fuels, and gas-to-liquids emissions capture and fuel conversion. The first five of these processes are proven to produce up to 125 gallons of renewable fuel per dry metric ton of feedstock, depending on feedstock, lignin content, site conditions, and other process parameters, with extremely low carbon intensity scores of 15. The sixth step has the potential to increase bulk biomass conversion yields even further, to more than 140 GGE and more than 70% of the theoretical maximum yield from most forms of woody biomass. Comstock IP Holdings is focused on continuously improving the proven performance and operations of Comstock Fuel's commercial refining solutions, including by increasing feedstock diversity, bulk conversion yields, and product quality for use in SAF while decreasing total variable costs. The technologies covered by the NREL license have the proven potential to contribute to each of those objectives, including by depolymerizing and stabilizing intermediates, by reforming feedstock derived water to decrease reliance on fossil hydrogen, and by removing oxygen in a way that favors high concentrations of aromatic hydrocarbons for use in SAF.
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ENSG | Hot Stocks06:05 EDT Ensign Group acquires St. Joseph Rehabilitation and Care Center - The Ensign Group, the parent company of the Ensign group of companies announced that it acquired the real estate and operations of St. Joseph Rehabilitation and Care Center, an 83-bed skilled nursing facility; and Skyview Villa Assisted Living, a 20 licensed-bed assisted living facility. Both facilities are located in Norfolk, Nebraska. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and the acquisition is effective as of October 1. This acquisition is effective as of October 1 and brings Ensign's growing portfolio to 324 healthcare operations.
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LQDA | Hot Stocks06:03 EDT Liquidia and Pharmosa Biopharm amend exclusive licensing agreement - Liquidia and Pharmosa Biopharm announced that they have amended the current exclusive licensing agreement for the development and commercialization of L606, an inhaled, sustained-release formulation of treprostinil currently being evaluated in a clinical trial for the treatment of pulmonary arterial hypertension, or PAH, and pulmonary hypertension associated with interstitial lung disease, or PH-ILD. The amended agreement expands Liquidia's licensed territory beyond North America to include key markets in Europe, Japan and elsewhere. Pharmosa will retain certain territories, including China, Korea, Taiwan, Middle East, North Africa, Turkey and Southeast Asia. Liquidia has also obtained certain rights to Pharmosa's next-generation smart-technology nebulizers for use with its proprietary liposomal drug formulations. Unlike current nebulized treatments for PAH and PH-ILD, these palm-sized, lightweight, virtually silent nebulizers provide portability like a dry-powder inhaler and rapidly deliver a dose using breath-actuated smart technology that adapts to a patient's normal breathing pattern. Consistent with the agreement from June 2023, Liquidia will be responsible for the development, regulatory and commercial activities of L606 in the expanded territory. Pharmosa will continue to manufacture clinical and commercial supplies of L606. In consideration for these incremental exclusive rights, Liquidia will pay Pharmosa an upfront payment of $3.5M and up to $157.75M in additional milestone payments for the development of PAH and PH-ILD indications and commercial sales outside of North America. Royalties payable by Liquidia to Pharmosa on global net sales of L606 have not changed and remain two tiers of low, double-digit royalties as set forth in the original agreement.
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RDW | Hot Stocks06:03 EDT Redwire provides critical onboard computer system for ESA's Hera misssion - Redwire is providing a critical onboard computer system for the European Space Agency's Hera mission, Europe's inaugural flagship planetary defense mission. Hera is the European-led companion mission to NASA's Double Asteroid Redirection Test, which successfully impacted the binary asteroid system Didymos in September 2022 with Redwire power and navigation technology onboard. The Hera mission will provide a detailed survey of DART's impact site.
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MSFT | Hot Stocks05:37 EDT Microsoft unveils Copilot Vision, Think Deeper, Copilot Voice - Microsoft on Tuesday unveiled Copilot Vision, which analyzes text and images on webpages, Think Deeper, which reasons through more complex problems, Copilot Voice, and more. "Our refreshed Copilot will be more personalized with conversational interactions that create a continuous flow of understanding," Microsoft said in a blog post. Reference Link
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MTN | Hot Stocks05:22 EDT Vail Resorts enters pact to develop West Lionshead into a fourth base village - The Town of Vail, Vail Resorts, and East West Partners announced a partnership to develop the West Lionshead area into a fourth base village at Vail Mountain. The new base village, planned in the location formerly designated for the Ever Vail project is anticipated to feature access to the resort's 5,317 acres of terrain, plus new lodging, restaurants, boutiques, and skier services, as well as community benefits such as workforce housing, public spaces, transit, and parking. The Vail Town Council voted unanimous in favor of the partnership and creating a new master plan for the West Lionshead base village development. The Town will partner with Vail Resorts and East West Partners on the community process to create a new vision and the master plan for the West Lionshead area. The partnership to develop the West Lionshead base village includes incremental workforce housing. As a result, Vail Resorts will dismiss its appeal of the Town of Vail's condemnation of the company's East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project. East West Partners in collaboration with the Town and Vail Resorts will drive community engagement and the design of West Lionshead. After a master plan is completed, East West Partners and Vail Resorts will then pursue the entitlement process for the West Lionshead base village. The development of the West Lionshead base village will undergo a community engagement process starting this fall that will include open houses where community members can offer input on the initiative's vision, design, and planning. The initiative is subject to all applicable entitlement and approval processes.
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MMV | Hot Stocks05:15 EDT MultiMetaVerse enters non-binding term sheet to buy Bowong Technology for $28M - MultiMetaVerse Holdings announced that it has entered into a non-binding term sheet with Bowong Technology to acquire all of the shares of Bowong Technology. Pursuant to the term sheet, subject to the satisfaction of certain conditions, MMV would acquire all of the outstanding shares of a holding company to be incorporated under the laws of the Cayman Islands, which through a restructuring will become the ultimate parent and controlling entity of Bowong Technology and all the subsidiaries and affiliates controlled by Bowong Technology. The term sheet calls for the issuance of 37,000,000 Class A ordinary shares of MMV at a consideration valuation of 75c per share to the shareholders of Bowong Cayman in exchange for all of the issued and outstanding share capital of Bowong Cayman, valuing Bowong Group at a pre-acquisition valuation of $28M. The proposed acquisition, if completed, would result in Bowong Cayman becoming a wholly-owned subsidiary of MMV and Bowong Group being consolidated subsidiaries and affiliates of MMV. Bowong Technology is a company equipped with technologies that is vertically integrated in the AI e-commerce sector. The company focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms. Bowong Technology has not only achieved significant success in in China, it has also expanded its business operations internationally. Through partnerships with a number of companies, Bowong Technology offers AI live streaming slicing services, empowering a wide range of sellers on international platforms, such as Amazon and TikTok, with AI capabilities. Leveraging these global platforms, Bowong Technology is able to provide e-commerce sellers with a range of services to achieve overseas product expansion and brand promotion. The term sheet is MMV's preliminary indication of interest and does not contain all matters upon which agreement must be reached in order to consummate the proposed acquisition, nor does it create any binding rights or obligations of any person.
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AER | Hot Stocks05:08 EDT AerCap signs lease agreements with Azerbaijan Airlines - AerCap announced that it has signed lease agreements with Azerbaijan Airlines, or AZAL, for six new Airbus CFM LEAP powered aircraft, including three A320neos and three A321neos which are scheduled to deliver in 2026. The lease agreements were signed by Samir Rzayev, president of Azerbaijan Airlines CJSC, and Peter Anderson, chief commercial officer of AerCap.
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VUZI | Hot Stocks05:04 EDT Vuzix releases October shareholder letter - Vuzix announced the release of its October shareholder letter, which provides an update on recent milestones, operational improvements, and the company's outlook for the future. "We are committed to transparency and keeping our shareholders informed of the exciting developments at Vuzix," said Paul Travers, CEO and President of Vuzix. "This letter showcases our recent successes and strategic partnerships that position us for growth in an evolving industry. With over a decade of R&D, Vuzix has pioneered AI smart glasses across multiple industries, achieving breakthroughs in form factors and waveguide technology at scale. Despite recent market pressures, the fundamentals of our business have never been stronger. We remain focused on executing our strategy and believe that those who invest alongside us for the long term will realize the full value of Vuzix' future growth."
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