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Regulatory

AAPL

GOOGL

Google's deal to be the default search engine on Apple iPhones is likely to be banned due to antitrust concerns. This could impact Apple's revenue significantly, but a final ruling may take years. Google plans to appeal.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 9:06 pm

CSX

The Surface Transportation Board has approved CSX and CPKC's applications to acquire rail lines operated by G&W's Meridian & Bigbee Railroad. CPKC will operate a 52-mile segment between Meridian, Miss., and Myrtlewood, Ala., while CSX will operate lines east of Myrtlewood.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:02 pm

SOBR

SOBR Safe has filed a Form RW with the SEC, indicating that it will not proceed with its planned public offering at this time. The SEC has not declared the registration statement effective, and no securities were sold.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:33 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) reported strong Q3 earnings, surpassing estimates with $2.04 billion in revenue and $1.84 EPS. The company saw an 18% increase in da Vinci procedures and regulatory clearance in South Korea for its da Vinci 5 system. Shares rose 6.39% in after-hours trading.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 8:27 pm

BWXT

BWX Technologies, Inc. (NYSE:BWXT) announced that the U.S. Department of Energy has approved Hanford Tank Waste Operations & Closure, LLC to begin the Hanford Integrated Tank Disposition Contract. This contract involves a joint venture led by a BWXT subsidiary, Amentum, and Fluor companies.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:22 pm

QH

Quhuo Limited has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:10 pm

WTO

UTime Limited (NASDAQ:WTO) received a notification from Nasdaq regarding a bid price deficiency, as its share price has been below $1.00 for 30 consecutive business days. The company has until April 8, 2025, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:09 pm

WKSP

Worksport has been granted a 180-day extension by Nasdaq to regain compliance with the $1 minimum bid price requirement. The company plans to implement growth initiatives and product launches to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:07 pm

FRES

Fresh2 Group Ltd. (NASDAQ:FRES) has received a delisting determination from Nasdaq due to non-compliance with filing requirements. The company failed to file its Form 10-K for 2023 and Forms 10-Q for the first two quarters of 2024. Fresh2 intends to request a hearing.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:07 pm

HUMA

Humacyte shares are experiencing a decline following the issuance of an FDA Form 483, which pointed out compliance issues at the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 7:44 pm