Streetbeat News

Regulatory

NUWE

Nuwellis announced results from two new clinical data analyses from the AVOID-HF trial, showing the benefits of the Aquadex system for heart failure. The analyses demonstrated that ultrafiltration therapy is statistically superior to intravenous loop diuretics in reducing heart failure events and hospitalizations. Additionally, an AI and machine learning-based model indicated that lifestyle and clinical factors are strong predictors of heart failure events.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:10 pm

SEDG

SolarEdge Technologies, Inc. (NASDAQ:SEDG) has announced an investment and partnership with AMPEERS ENERGY, a German software start-up focused on decarbonizing multi-dwelling buildings. This collaboration aims to combine SolarEdge's solar and smart energy technology with AMPEERS's platform to offer a comprehensive photovoltaic tenant electricity solution for real estate companies. The solution includes planning, implementation, and financing of solar and storage generation, tenant electricity billing, EV charging, and new heating technologies. This strategic move is designed to capitalize on legislative changes in Germany and expand into the multi-dwelling market across Europe.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:04 pm

MULN

Mullen Automotive, Inc. has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This development is significant for the company and its investors, as it reflects positively on Mullen's operational and financial adjustments aimed at meeting Nasdaq's standards.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:04 pm

XEL

Xcel Energy (XEL) has acknowledged its facilities may have been involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle but disputes claims of negligence. The company is cooperating with investigations and conducting its own review. Xcel encourages those with property or livestock losses to submit claims and is working on wildfire mitigation strategies. CEO Bob Frenzel expressed commitment to supporting the community's recovery.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:03 pm

AAPL

MSFT

SPOT

Basecamp CTO David Heinemeier Hansson announced a shift back to Microsoft Windows in response to Apple's decision to block progressive web apps (PWA) for iPhone users in the EU, a move that has drawn criticism from developers. Apple's actions, including the termination of Epic Games' developer account and a recent $1.95 billion EU fine, have soured relations with the developer community, with Hansson naming Apple as the new 'enemy #1' of developers.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 1:57 pm

JZ

Jianzhi Education Technology Group Company Limited (JZ), a leading digital educational content provider in China, announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement. After previously being notified of non-compliance due to its ADSs trading below $1.00, Jianzhi's ADSs have traded at or above $1.00 for 10 consecutive business days, from February 20 to March 4, 2024, thus meeting Nasdaq's requirement.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:56 pm

ADSE

NXT 50five, a joint venture between 50five and NXT Mobility, part of the GP Groot initiative, has won a tender from the Metropolitan Region of Amsterdam (MRA-Electric) to install and operate public rapid charging stations using ADS-TEC Energy's technology. The project involves up to 600 locations, addressing network congestion issues with battery-buffered rapid charging solutions. Installation for the first nine of up to 200 stations is underway.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:51 pm

EQT

UGA

UNG

USO

A Houthi missile attack on the M/V True Confidence in the Gulf of Aden killed three and injured several, disrupting global trade and causing freight carriers to avoid the Red Sea route, leading to increased shipping rates. Oil prices have risen to four-month highs amid the Gaza conflict, affecting the United States Oil Fund (USO), which saw a 1.2% rise but a 0.6% dip in pre-market trade. The United States Gasoline Fund ETF (UGA) is up 16%, and the United States Natural Gas Fund ETF (UNG) gained 5.5% after EQT Corporation announced a production cut. Cease-fire talks in Gaza are deadlocked, raising fears of increased regional tensions.

Portfolio Pulse from Neil Dennis

March 07, 2024 | 1:44 pm

ETWO

E2open Parent Holdings, Inc. (NYSE:ETWO) announced the initiation of a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company reaffirmed its FY24 revenue guidance of $628M-$633M. The review aims to explore options for growth and value creation without a set deadline for completion. E2open's financial advisors for the review are Rothschild & Co and Citi, with Kirkland & Ellis as legal counsel.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:43 pm

CLBT

Cellebrite DI Ltd. (NASDAQ:CLBT) has initiated the FedRAMP authorization process for its SaaS offerings to enhance cloud security for federal customers. This move aims to support faster procurement, eliminate redundant assessments, and ensure high security standards. Cellebrite has partnered with cybersecurity firm Coalfire for this process, expected to complete within 12 months. Coalfire is recognized for its expertise in achieving FedRAMP authorization efficiently. Cellebrite's SaaS solutions, like Guardian, aim to improve operational efficiencies and case management in digital investigations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:39 pm