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Regulatory

BA

NASA and Boeing have postponed the return of the Starliner spacecraft and its first astronaut crew to Earth to June 18 due to multiple factors including component fixes, weather, and ISS scheduling. The mission, which is crucial for certifying Starliner for regular flights, faced issues such as a 'sticky' oxidizer valve and a helium leak in the propulsion system.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:39 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares rose by 6.9% to $0.09 after the company announced that its request for continued listing on the Nasdaq was approved. The approval is contingent upon meeting all applicable criteria by July 23.

Portfolio Pulse from Henry Khederian

June 12, 2024 | 1:32 pm

THMO

ThermoGenesis Holdings Inc (NASDAQ:THMO) shares dropped 41% to $0.33 after Nasdaq denied the company's request for continued listing due to not meeting minimum stockholders' equity requirements. Trading will be suspended on June 17, and the company does not plan to appeal.

Portfolio Pulse from Henry Khederian

June 12, 2024 | 1:31 pm

BSFC

Blue Star Foods has announced that it has regained compliance with Nasdaq's bid price and minimum stockholders' equity requirements.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:16 pm

ACRDF

ACRHF

ISPR

Ispire Technology Inc. (NASDAQ: ISPR) CEO Michael Wang predicts that vaping will surpass cannabis flower sales within the next 2-3 years. Ispire has seen a 57% year-over-year increase in cannabis-related hardware sales, driven by innovation and strategic expansions. The company has also partnered with Acreage Holdings (OTCQX: ACRDF, ACRHF) and is pioneering regulatory compliance technology.

Portfolio Pulse from Patricio Liddle

June 12, 2024 | 1:16 pm

NIO

STLA

TSLA

China has vowed to protect its interests against the European Union's potential imposition of tariffs on Chinese electric vehicles (EVs). The EU plans to apply provisional duties of up to 25% on Chinese EV imports starting next month, which could escalate to 35%. This move aims to counteract Chinese government subsidies to its manufacturers. Companies like BYD Co, SAIC, Tesla, Volkswagen, Stellantis, Mercedes Benz, and NIO will be impacted. Reactions from these companies and industry experts are mixed, with concerns about market impact and potential retaliatory measures from China.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:12 pm

BA

The FAA Chief has expressed ongoing concerns regarding Boeing's production focus, which could impact the company's operations and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:03 pm

PHG

Philips has launched the Duo Venous Stent System for treating symptomatic venous outflow obstruction in patients with chronic venous insufficiency (CVI). The first patient was treated at Sanger Heart & Vascular Institute, Atrium Health, following FDA premarket approval.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:03 pm

XTIA

XTI Aerospace has submitted a patent application with the USPTO for its TriFan 600 VTOL aircraft, which could enhance its technological edge in the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:01 pm

SINT

SINTX Technologies has received a notice from Nasdaq confirming its compliance with the $1.00 minimum bid price requirement, resolving its previous listing matter.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:00 pm