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Regulatory

EWY

FXI

South Korean Foreign Minister Cho has extended an invitation to China's Wang to visit South Korea, aiming to enhance economic cooperation, particularly in supply chain management. Additionally, Cho has urged China to contribute constructively to resolving North Korea's nuclear issues and expressed concerns over the forced repatriation of North Korean defectors, seeking China's cooperation on the matter.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:27 pm

FXI

SPY

U.S. Treasury Secretary Yellen emphasized the importance of maintaining economic engagement with China, advocating for an even playing field and targeted U.S. actions rather than broad measures. She acknowledged the possibility of a significant Chinese response and highlighted the use of tax revenues to reduce the deficit.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:26 pm

AAL

ALK

DAL

JBLU

LUV

SAVE

UAL

Major airlines, including American Airlines (AAL), Alaska Air Group (ALK), Delta Air Lines (DAL), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE), and United Airlines Holdings (UAL), have filed a lawsuit against the Biden administration over new fee disclosure rules. These rules require airlines to disclose upfront all fees related to baggage, changes, and cancellations. The airlines argue that these regulations are overly burdensome and could harm their business operations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:25 pm

MCD

McDonald's has initiated a collaboration with a Chinese watchdog in response to reported food safety concerns, committing to enhance restaurant regulation. This move comes after unspecified food safety issues were highlighted, prompting the fast-food giant to take immediate action to address these concerns and ensure compliance with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:22 pm

TMC

TMC's subsidiary, NORI, has submitted a comprehensive environmental data set to the International Seabed Authority (ISA), detailing findings from the NORI-D exploration area up to January 2022. This submission includes extensive biological, seafloor imagery, and time-series data from three years of monitoring. It's part of a larger effort involving hundreds of terabytes of data collected over more than a decade, aimed at supporting NORI's application for an exploitation contract in the Clarion Clipperton Zone (CCZ).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:15 pm

EW

Edwards Lifesciences (EW) has received an antitrust complaint in the EU from rival Meril, accusing EW of engaging in patent practices that stifle competition. Meril is seeking to challenge these practices through EU regulatory action.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:14 pm

TSLA

Tesla Inc. has received a construction permit for a new mega factory in Shanghai's Lingang new area, marking its first energy storage mega factory outside the U.S. This facility is expected to start mass production in Q1 2025, aiming to produce 10,000 Megapack units annually, which equates to nearly 40 GWh of energy storage. The Megapack is designed to provide substantial energy storage and support, contributing to grid stabilization and outage prevention.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:13 pm

PHG

The FDA has announced that Philips Respironics is recalling its Trilogy Evo Continuous Ventilators due to a potential power malfunction related to software issues. This recall highlights a significant safety concern that could impact patient care and reflects on Philips' commitment to product safety and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:11 pm

EW

Edwards Lifesciences is the subject of an EU antitrust complaint filed by Meril, focusing on Edwards' patent practices. Edwards Lifesciences argues that Meril's complaint is an attempt to bypass competition and national court decisions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:08 pm

RTX

Pratt & Whitney Canada's PW545D engine, part of RTX, received Transport Canada Civil Aviation type certification, marking a step closer to powering Textron Aviation's Cessna Citation Ascend business jet. The engine offers improved fuel efficiency, greater thrust, and longer periods between overhauls.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:04 pm