Streetbeat News

Regulatory

HUM

Humana Inc. faces a significant decline in its Medicare Advantage Star Ratings for 2025, with only 25% of members in plans rated four stars and above, down from 94% in 2024. This drop, primarily due to contract H5216, will impact quality bonus payments in 2026. Humana is appealing the ratings and working to improve its performance.

Portfolio Pulse from Vandana Singh

October 02, 2024 | 12:48 pm

ENVX

Enovix Corporation has started shipping EX-1M battery cell samples from its new facility in Malaysia, marking a significant step towards scaling production. The company aims for high-volume production by 2025, following successful UN38.3 certification.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:40 pm

BNZI

Banzai has been granted an extension by Nasdaq to regain compliance with listing requirements. The company must file a Nasdaq Capital Market application by October 7 and meet compliance by January 31, 2025.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:37 pm

BZAI

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

MDU

MDU Resources Group, Inc. has announced the approval of the spinoff of its construction services subsidiary, Everus Construction Group. The spinoff will be executed through a pro rata distribution of Everus shares to MDU stockholders, scheduled for October 31, 2024, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:33 pm

IVDA

Iveda has regained compliance with Nasdaq's minimum bid price requirement after its stock traded above $1.00 for 10 consecutive days.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:30 pm

SCPX

Scorpius Holdings, Inc (NYSE American: SCPX) has been selected to join the Medical CBRN Defense Consortium, which focuses on developing medical countermeasures against CBRN threats. This partnership will allow Scorpius to contribute its expertise to advance national security technologies.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:17 pm

OPTT

Ocean Power Technologies has received a $1.1 million preliminary award from the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer Program. This award is part of a program designed to support technology companies in New Jersey.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:16 pm

TCMD

Tactile Systems Technology, Inc. (NASDAQ:TCMD) has announced the commercial availability of Nimbl, its next-generation pneumatic compression platform, in the U.S. for treating upper extremity lymphedema. Nimbl is smaller and lighter than previous models and has received FDA clearance and CMS approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:14 pm

ESTA

Establishment Labs has announced the first U.S. breast augmentations using their newly FDA-approved Motiva Implants. This marks a significant milestone for the company as it enters the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:09 pm