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Regulatory

CUBA

FXI

SPY

U.S. officials during the Trump administration reviewed intelligence tracking Huawei and ZTE workers entering and exiting facilities suspected of housing Chinese eavesdropping operations in Cuba, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 21, 2023 | 8:51 am

LMDX

LumiraDx received UK approval for its COVID Ultra and COVID & RSV Tests, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:36 am

CALT

Calliditas has submitted a supplemental application for full approval of Tarpeyo (Budesonide) for the entire population from the Phase 3 Neflgard study. Tarpeyo currently has accelerated approval to reduce proteinuria in IgA nephropathy patients.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:14 am

ARGX

HALO

The FDA has approved Argenx's Vyvgart Hytrulo (Efgartigimod Alfa and Hyaluronidase-qvfc) for generalized myasthenia gravis. The drug utilizes Halozyme's ENHANZE drug delivery technology.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:02 am

ILMN

The Lancet Oncology published results from the SYMPLIFY study of Grail's multi-cancer early detection test in symptomatic patients, showing an overall cancer signal origin prediction accuracy of 85.2%. Grail is an Illumina company.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:59 am

BYDDY

NIO

TSLA

China has extended the purchase tax exemption for new energy vehicles (NEVs) until 2025, benefiting major companies like Tesla, BYD, and Nio. The tax exemption will not exceed 30,000 yuan ($4,169) per vehicle, and from 2026 to 2027, the vehicle purchase tax will be levied at half the normal rate.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 7:51 am

PFE

The FDA has approved Pfizer's Talzenna (Talazoparib) in combination with Xtandi (Enzalutamide) for the treatment of homologous recombination repair gene-mutated metastatic castration-resistant prostate cancer.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:34 am

AAPL

India's Competition Commission (CCI) is reviewing Apple's App Store billing policies and may direct the company to adjust its billing and commission policies, similar to its action against Google. This could lead to modifications in Apple's iOS operating system and potentially compromise its tightly controlled ecosystem.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 21, 2023 | 6:57 am

TSLA

Elon Musk met with Indian Prime Minister Narendra Modi to discuss Tesla's investment plans in India, marking a significant step in the company's entry into the South Asian market. The meeting could pave the way for Tesla's smoother entry into India, overcoming regulatory hurdles and gaining government support.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 2:57 am

F

RIVN

TSLA

Texas mandates all state-funded EV charging stations to have Tesla's NACS and rival CCS charging standards. Rivian and Ford have adopted NACS, while Hyundai considers it. Charging equipment makers like Blink Charging, ChargePoint, Tritium DCFC, and BTC Power will add NACS connectors.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 2:57 am