Streetbeat News

Regulatory

AMED

Contessa Health, a subsidiary of Amedisys, has been chosen by the Centers for Medicare & Medicaid Services to participate in a new Medicare Alternative Payment Model aimed at supporting dementia patients and their caregivers.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:31 am

VGR

Vector Group is set to be acquired by Tokyo-based JT Group for $15.00 per share, totaling approximately $2.4 billion. The acquisition will make Vector Group a wholly owned subsidiary of JT Group, pending customary closing conditions and regulatory approvals. The deal is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:04 am

TSLA

Tesla is recalling 9,136 Model X vehicles from 2016 due to potential issues, as reported by Reuters citing the NHTSA.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 9:37 am

BYDDY

GELYF

TSLA

The European Union has reduced tariffs on Tesla's China-made electric vehicles to 9%, significantly lower than those for other Chinese automakers like SAIC, Geely, and BYD. This move could give Tesla a competitive advantage in the European market amid ongoing trade tensions.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:14 am

21SHARES

CBOE

SOL

VANECK

Brazil has approved its second Solana ETF, while the U.S. faces regulatory hurdles for similar products. The SEC rejected proposals for Solana ETFs by VanEck and 21Shares, citing concerns over Solana's status as a security. Analysts suggest approval is unlikely without a change in U.S. regulatory leadership.

Portfolio Pulse from Aniket Verma

August 21, 2024 | 6:17 am

REGN

Regeneron Pharmaceuticals faced a setback as the FDA rejected its application for linvoseltamab, a blood cancer treatment, due to issues with a third-party manufacturer. Despite this, Regeneron's recent earnings were strong, with significant revenue growth.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 1:26 am

TAL

TAL Education Group's stock fell by 5.30% due to China's central bank maintaining its loan prime rates, indicating a conservative monetary policy. This decision suggests limited economic stimulus, affecting companies like TAL that rely on economic growth for consumer spending on education services.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 10:47 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) shares fell 14.61% after a 60% gain, following Q2 results showing a larger-than-expected loss. The company initiated a Phase 2 trial for TNX-1300, a treatment for acute cocaine intoxication, and highlighted progress on its TNX-801 vaccine for mpox and smallpox.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 10:36 pm

MDIA

MediaCo has received a non-compliance notification from Nasdaq due to a delayed filing of its quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:55 pm

MESA

Mesa Air Group has received a non-compliance notice from Nasdaq due to a delay in filing its quarterly report. The company is working to file the Form 10-Q before the 60-day notice period ends to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:14 pm