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Regulatory

PRZO

Shares of ParaZero Technologies Ltd (NASDAQ:PRZO) more than doubled after the company announced that an Australian regulator approved the first commercial drone flights in populated areas using ParaZero's safety systems. Australian commercial drone operator ORVL has gained approval to commence complex operations using ParaZero's advanced parachute safety technology.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 4:05 pm

EIS

SPY

USO

VGK

The U.S. Army Secretary has stated that they will need support from Congress to best support both Israel and Ukraine. This could potentially impact the defense budget and subsequently, related stocks.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:03 pm

DMTK

California Governor Newsom has signed SB496 into law, which is expected to benefit DermTech (DMTK). The company has DMT with Medicare coverage but is awaiting private coverage. The news was circulated by Craig Hallum.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:48 pm

GOOG

GOOGL

Google Cloud, a division of Alphabet Inc, has introduced AI-powered search tools to help healthcare professionals retrieve clinical information from various medical records. The technology consolidates data from different sources into a single location, addressing the issue of fragmented data storage systems in healthcare. The tool also assists in billing and identifying candidates for clinical trials. Early access is open to healthcare and life sciences organizations, with ongoing tests involving Mayo Clinic, Hackensack Meridian Health, and Highmark Health.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 3:44 pm

AAPL

SSNLF

The Biden administration has granted Samsung Electronics Co (OTC:SSNLF) and SK Hynix Inc permission to acquire equipment essential for maintaining and expanding their chipmaking operations in China. This move comes as a waiver to the broader restrictions that prohibited the shipment of advanced chipmaking gear to China. The easing of restrictions ensures that memory chips produced in China can be integrated into various products, including those assembled for U.S. companies like Apple Inc (NASDAQ: AAPL).

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 3:40 pm

SPY

Former U.S. House Speaker McCarthy has stated that he will allow the GOP Conference to decide the next Speaker. The news does not provide any specific information about the impact on any US-listed companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:31 pm

ALSN

Allison Transmission Holdings Inc (ALSN) is partnering with B-Metro, the public transit system in Brownsville, Texas, to provide the Allison eGen Flex electric hybrid propulsion system for 35-foot GILLIG buses. Brownsville recently received a $4.7 million grant from the Federal Transit Administration's 2023 Low or No Emission Program and named Allison's eGen Flex electric hybrid technology in its application for the grant. The eGen Flex system's electric-only mode has geofencing technology, which will enable the new buses to automatically switch into engine-off mode in pre-defined zero-emission zones.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 3:10 pm

ALNY

The FDA has issued a Complete Response Letter (CRL) to Alnylam Pharmaceuticals Inc's supplemental New Drug Application for patisiran for cardiomyopathy of transthyretin-mediated amyloidosis. The FDA questioned the drug's efficacy, stating that the clinical meaningfulness of patisiran's treatment effects had not been established. As a result, Alnylam will no longer pursue an expanded indication for patisiran in the U.S. Alnylam's stock is down 8.68% following the news.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 3:05 pm

AMZN

Amazon's voice assistant, Alexa, has been found to be spreading false information about the 2020 U.S. presidential election. The company has rectified the misinformation, but the incident highlights the potential risks associated with AI and voice assistants in spreading misinformation. This comes as the role of AI and voice assistants in information dissemination is under scrutiny ahead of the 2024 elections.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 2:57 pm

EIS

EWU

SPY

USO

VGK

UK Foreign Minister Cleverly commented on the Israel attacks, stating that nobody wants the conflict to spread to other parts of the region. He did not provide numbers on British casualties and refused to speculate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:45 pm