01:05 PM EST, 12/26/2024 (MT Newswires) -- Hoth Therapeutics ( HOTH ) is working to commercialize a potential obesity therapy co-developed by the US Department of Veterans Affairs and Emory University using the Glial Cell Line-Derived Neurotrophic Factor. Financial details of the license agreement between the company and the patent holders were not disclosed.

Hoth shares recently were falling 3.2%, recovering from a nearly 12% slide earlier Thursday. Trading volume was well above typical levels, with over 8 million shares exchanged through midday on Thursday compared with a daily average of around 978,000 shares per day.

Digital Ally ( DGLY ) has received a non-compliance notice after its share price fell below the $1 minimum needed to keep its stock listed on the Nasdaq Stock Market, the company said Thursday in a regulatory filing. Under Nasdaq rules, the company has until June 18 to lift the closing bid price for its shares to at least $1 or risk having its shares delisted from the Nasdaq Capital Market exchange.

Digital Ally ( DGLY ) shares were down 3.3%, roughly halving a nearly 7% decline earlier Thursday. Trading volume was relatively light with over 56,000 shares changing hands compared with a daily average of about 197,000 shares.

Nippon Steel on Thursday said it was extending the closing date for its proposed $15 billion takeover of US Steel (X) to the first quarter of 2025 as the White House reviews the transaction. President Joe Biden has 15 days to decide whether to approve the deal after the Committee on Foreign Investment in the US said it was unable to reach a recommendation and referred the matter to him.

US Steel shares recently were down 2% after earlier sinking as much as 2.6%. Volume was moderate, with more than 1.5 million shares exchanged compared with a daily average of around 4.7 million shares.

Price: 0.78, Change: -0.02, Percent Change: -2.11