Streetbeat News

Regulatory

BCDA

BioCardia has submitted a 510(K) application for approval of its patented Morph DNA Steerable Introducer Sheath, which is designed to facilitate the introduction of medical instruments into the peripheral and coronary vasculature.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:09 am

GUTS

Fractyl Health has received FDA device designation for its Revita treatment, aimed at weight maintenance for people with obesity who discontinue GLP-1 based drugs.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:05 am

ALK

Alaska Airlines and Hawaiian Airlines have agreed with the Department of Justice (DoJ) to extend the review period for their merger until August 15, 2024. This extension follows their substantial compliance with the DoJ's request for additional information.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:18 am

Philip Morris International (PM) has signed a Memorandum of Understanding (MoU) with South Korean tobacco products maker KT&G to assist in U.S. regulatory submissions for KT&G's products.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:13 am

HAE

Haemonetics announced that it has received CE Mark certification for its SavvyWire Pre-Shaped Pressure Guidewire, and the first commercial European procedures using the device have been completed. The SavvyWire is the world's first and only sensor-guided 3-in-1 solution for Transcatheter Aortic Valve Implantation.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:11 am

TSLA

Tesla Inc (NASDAQ:TSLA) is recalling over 1.8 million vehicles in the U.S. due to concerns that an unlatched hood can fully open while driving, obstructing the driver’s view and increasing crash risks. The recall affects various models, and Tesla has released a software update to fix the issue. This is Tesla's second-largest recall this year.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 10:08 am

TSLA

Former Tesla executive Rohan Patel stated that the Biden administration treated Tesla fairly on substantive issues, despite surface-level disappointments between President Biden and CEO Elon Musk. The administration included Tesla in the $7500 consumer incentive, allowed the deployment of Tesla’s driver assistance systems, and enacted incentives that benefited Tesla's Megapack deployments and battery manufacturing. Musk, however, has criticized Biden for being pro-union and has expressed concerns about potential tariffs if Trump is re-elected.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 9:53 am

TSLA

Tesla is recalling approximately 1.85 million vehicles in the U.S. due to a risk of the hood becoming unlatched while driving. The company has released an over-the-air update to address the issue.

Portfolio Pulse from charles@benzinga.com

July 30, 2024 | 9:23 am

AAL

ALK

DAL

JBLU

UAL

A U.S. appeals court has temporarily halted the Biden administration's rule requiring airlines to disclose fees upfront, citing potential irreparable harm to carriers. The rule aimed to enhance consumer transparency but faced strong opposition from major airlines, including American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, and Alaska Airlines.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 8:54 am

COP

CVX

EOG

IYE

MRO

USO

VDE

XLE

XOM

Former President Donald Trump accused OPEC of manipulating oil prices to favor Vice President Kamala Harris, warning that her potential presidency could be detrimental to the U.S. Oil stocks, including Chevron, Marathon Oil, Exxon Mobil, ConocoPhillips, and EOG Resources, have declined following Harris's nomination. ETFs tied to the oil sector, such as USO, XLE, VDE, and IYE, are also under pressure. Trump's comments come amid speculation that Harris might adopt stricter climate policies if elected.

Portfolio Pulse from Kaustubh Bagalkote

July 30, 2024 | 7:25 am