Streetbeat News

Regulatory

TNDM

Tandem Diabetes Care, Inc. (NASDAQ:TNDM) has announced a limited time offer for its Tandem Choice technology access program. This program allows new and renewing t:slim X2 Insulin Pump customers in the US to purchase the Tandem Mobi System for $199. The Tandem Mobi, recently cleared by the FDA, is expected to launch later this year with general availability in early 2024.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:39 pm

POL

Polished.com Inc. (NYSE:POL) has regained compliance with the NYSE American's continued listing standards. The company achieved this by filing a comprehensive Form 10-K for the fiscal year ended December 31, 2022, which also covered delayed filings for several quarters. As a result, Polished will be removed from the late filers' list and will retain its listing status on the NYSE American.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:36 pm

BABA

TCEHY

US lawmakers have written to President Biden expressing concerns over US capital investment in China, particularly in critical technologies. They highlight the national security risk and potential human rights abuses associated with such investments. Over $200 billion of US capital is invested in Chinese companies through private markets, and over $1.1 trillion through public markets. This includes investments in Alibaba Group Holding Ltd and Tencent Holdings Ltd. The lawmakers call for transparency and restrictions on problematic investments.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 2:32 pm

DIS

The Walt Disney Company (NYSE:DIS) is facing a new challenge as Florida Governor Ron DeSantis pushes to eliminate the diversity, equity, and inclusion (DEI) committee used by the Central Florida Tourism Oversight District, which houses Disney World. The move is part of DeSantis' broader efforts to ban similar practices across the state. The governor has also signed a law blocking public colleges from receiving federal or state funding for their diversity programs. Disney's shares are currently trading at $85.94, down 3.4% year-to-date in 2023 and 18% over the last 52 weeks.

Portfolio Pulse from Chris Katje

August 04, 2023 | 2:30 pm

AZN

SNY

The U.S. CDC Advisory Committee has unanimously recommended the routine use of Beyfortus, a drug developed by Sanofi and AstraZeneca, to protect infants against RSV disease. The recommendation applies to all infants below 8 months of age and children aged 8 to 19 months at increased risk of severe RSV disease. The Committee also voted to include Beyfortus in the Vaccines for Children program. Beyfortus is the first RSV prevention approved to protect all infants in the U.S. and will be available ahead of the 2023-2024 RSV season.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:17 pm

SPY

USO

The White House has announced that it will continue to work with producers and consumers to ensure the energy market promotes growth, following Saudi Arabia's decision on oil production. This could potentially impact the prices of oil and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:17 pm

SPY

VGK

The White House expressed concerns that North Korea might send munitions to Russia, potentially escalating geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:17 pm

BAC

Bank of America (BAC) has withdrawn its earlier forecast of an impending recession, citing a strong job market and robust consumer spending. The bank's CEO, Brian Moynihan, expressed optimism about the economic climate. However, he also expressed concerns about the proposed new capital requirements for the largest US banks, warning they could risk pushing more banking activity outside of well-regulated sectors.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 2:15 pm

HYMTF

KIMTF

Hyundai Motor Co (OTC:HYMTF) and Kia Motors Corp (OTC:KIMTF) have announced the recall of over 91,000 vehicles in the U.S. due to the risk of oil pumps catching fire. The companies have urged owners to park their vehicles outside and away from structures until repairs are made. The recall affects several models from both companies. The companies plan to notify owners in late September, and dealers are expected to inspect and replace the electric oil pump controller as needed.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:10 pm

FTTUSD

Crypto exchange FTX (CRYPTO: FTT) has requested to exclude its Dubai subsidiary from its ongoing restructuring process in the U.S. The Dubai branch, which holds a virtual asset service provider license from Dubai's Virtual Assets Regulatory Authority (VARA), has not engaged in any business activities prior to the bankruptcy declaration. The subsidiary currently has about $4.5 million across various accounts, with $4 million of it being held by VARA as security for the license. The court is set to commence its initial hearing on this matter on August 23.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 2:09 pm