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Regulatory

DJT

TSLA

Elon Musk has endorsed Donald Trump for the 2024 presidential election and reportedly donated millions to a political action committee supporting Trump. This move has raised concerns among investors and analysts, given Trump's past criticism of the electric vehicle sector. Analysts suggest that this political alignment could impact Tesla's business, particularly in blue states that are more supportive of energy storage initiatives.

Portfolio Pulse from Chris Katje

July 16, 2024 | 8:26 pm

PRI

Primerica, Inc. (NYSE:PRI) announced its decision to exit the senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc. The decision was driven by the lack of a clear path to profitability and an uncertain regulatory environment.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:05 pm

FTK

Flotek Industries' subsidiary JP3 Measurement has received EPA approval for its JP3 Analyzer, which is now an approved measurement technology for oil and gas flare monitoring under new NSPS OOOOb regulations.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:03 pm

ACHC

UHS

Universal Health Services (UHS) and Acadia Healthcare (ACHC) are under scrutiny following safety concern allegations at their psychiatric hospitals. An investigation revealed alarming incidents at Mt. Carmel Behavioral Health, managed by Acadia, prompting regulatory attention. Both companies face accusations of understaffing and inadequate training, raising concerns about patient and staff safety.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 8:02 pm

XOM

ExxonMobil shut down units at its 251,800 barrels/day Joliet refinery due to a power outage on Monday, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:57 pm

SPY

Fed's Kugler stated that long-term inflation expectations have remained constant and anchored, indicating public confidence in the Fed's commitment to maintaining a 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:41 pm

SPY

Fed's Kugler stated that the Federal Reserve does not want the cooling of the labor market to come through layoffs. The Fed is paying close attention to how immigration is accounted for in employment reports.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:35 pm

SPY

Fed's Kugler expresses cautious optimism that disinflation is back on track, with progress in wage moderation and housing. He notes substantial rebalancing in the labor market but emphasizes that the Fed does not want the labor market to cool too much.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:31 pm

DGLY

Digital Ally has been granted U.S. Patent #12036013 for a breath analyzer system and computer program designed to authenticate, preserve, and present breath analysis data.

Portfolio Pulse from charles@benzinga.com

July 16, 2024 | 7:19 pm

BCDA

BioCardia has been granted U.S. Patent Number 12,036,371 for a method of accessing the left atrium with a multi-directional steerable catheter.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:15 pm