Latest news with #Sola
Yahoo
05-06-2025
- Business
- Yahoo
FastWave Medical completes initial procedures in study of IVL system
FastWave Medical has completed the initial first-in-human procedures in the multicentre feasibility study of the Sola coronary laser intravascular lithotripsy (IVL) system. The study is designed to evaluate the performance and safety of Sola in individuals with calcified coronary artery disease. According to the company, this rupture-resistant balloon catheter allows physicians to treat hardened calcium in blood vessels with control and precision. The system's laser energy claims to deliver a 360-degree pressure with every pulse, ensuring therapeutic consistency even in challenging lesions. Each energy pulse of the system delivers circumferential sonic pressure to any lesion for multidirectional, predictable performance. This latest development follows the company's first-in-human study of its peripheral electric IVL system, Artero, which demonstrated a complete procedural success rate without any adverse events observed at a 30-day follow-up. The findings from the Sola study are expected to inform the company's regulatory submissions and the design of its pivotal US trial, paving the way for obtaining approval from the Food and Drug Administration (FDA). FastWave Medical technology head Sukanya Iyer said: "Our team set out to reimagine what's possible with coronary IVL. "Seeing Sola perform in human cases reinforces our commitment to give clinicians cutting-edge tools for their high-risk patients." FastWave focuses on next-generation IVL technology, aiming at treating calcific artery disease in both peripheral and coronary applications. It has raised over $40m in venture financing to progress its dual-platform IVL systems. FastWave Medical COO Tristan Tieso said: "Every step of developing Sola has focused on solving the real-world problems physicians face in treating complex arterial disease.' Last month, the Institutional Review Board granted approval for the company to commence the coronary feasibility study using Sola. "FastWave Medical completes initial procedures in study of IVL system" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
22-05-2025
- Business
- Business Mayor
Best Crypto Presale to Buy: Why Solaxy Can Explode as ICO Passes $38M
Solaxy (SOLX), a project building a Layer-2 scaling solution for Solana, has passed $38 million in raised funds, making it one of the largest meme coin presales of 2025. With the Solana meme coin market cap valued at $12.8 billion, Solaxy enters a market that is showing no signs of slowing down. Yet Solana's rise has not been without friction, network congestion continues to plague the system during peak times. Solaxy aims to tackle this challenge head-on with its innovative solutions. Currently priced at $0.001728 per token, SOLX increases in value with every new presale stage, giving early participants an edge before exchange listings go live. This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Solaxy Addresses Solana's Growing Pains With more users entering the Solana ecosystem, issues around network congestion and failed transactions are becoming increasingly evident. Solaxy aims to fix this issue with its upcoming Layer-2 scaling solution. Instead of having every transaction processed on Solana's mainnet, Solaxy plans to execute most operations off the main chain. This offloading strategy enables transactions to be bundled together and settled later on Solana's base layer, helping minimize lag and reduce failure rates. What makes Solaxy especially innovative is its customizable framework. Developers will be able to tailor dApps to suit their own unique needs, whether that's DeFi applications, NFT platforms, or high-traffic meme coin projects. This flexibility allows for broader use-case implementation beyond traditional blockchain limitations. Solaxy is also expanding its ecosystem with Ethereum compatibility on the roadmap, setting the stage for potential cross-chain functionality and wider liquidity access. On the tech front, the recent launch of Solaxy's testnet block explorer and bridge showcases its development transparency. Users can already view live testnet data, offering insight into how the full rollout may look. Analysts Believe Solaxy Has Long-Term Potential ClayBro, a crypto analyst and YouTuber with over 136,000 subscribers, has recently shared his optimistic outlook on Solaxy. He notes that Layer-2 blockchain tokens historically tend to perform well in bullish markets, something the current $3.5 trillion crypto market landscape seems to support. According to ClayBro, Solaxy's strength lies in its dual appeal: it offers both a strong meme coin narrative and genuine utility. He emphasizes that most of the project's impressive $38 million presale raise took place during Q1 2025, a period many viewed as volatile and uncertain. This early traction is a strong indicator of investor confidence. As Solaxy prepares for broader adoption, ClayBro suggests that it could become a long-term player in the scaling solutions space, especially if it properly executes the current roadmap plans. Earn Passive Income Through Solaxy Staking Solaxy is also gaining traction for its staking rewards. The project currently offers an impressive 107% APY (annual percentage yield), allowing SOLX holders to earn passive income by locking up their tokens. At present, over 10.7 billion SOLX tokens have already been staked, a figure that continues to grow. As more tokens are committed to the staking pool, the APY is expected to decrease, creating an incentive for early adopters to lock in higher rates. This staking model not only encourages user engagement but also contributes to token scarcity and long-term ecosystem health. How to Buy Solaxy in Presale Momentum behind the Solaxy presale shows no sign of slowing. With over $38 million raised, demand is surging as investors look to secure their SOLX holdings before the price increases in upcoming stages. SOLX tokens are available for purchase through the official Solaxy presale website using ETH, USDT, BNB, or bank cards. Additionally, buyers can access the token via the Best Wallet app, which is available on both Android and iOS platforms. Between its upcoming Layer-2 rollout, strong analyst sentiment, and attractive staking incentives, Solaxy is positioning itself as a standout presale of 2025. While no investment is without risk, Solaxy's development roadmap and community traction make it a project worth monitoring closely. Visit Solaxy Presale This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
Yahoo
21-03-2025
- Business
- Yahoo
Regulator vows to back US exporters fearful about Trump's shipping fees
WASHINGTON — Federal Maritime Commission Chairman Louis Sola told port executives that a priority under his tenure would be assisting U.S. exporters, but that didn't quell concerns about the effect that million-dollar port fees planned against Chinese vessel operators would have on American ports. 'Exports, particularly energy and agriculture, could be priced out and make competitors from other nations more affordable for our customers abroad,' an attendee told Sola at a legislative conference sponsored by the American Association of Port Authorities in Washington this week, after Sola gave a keynote speech. 'From your perspective, and the new administration's perspective, do you think there's a willingness to alter what has been proposed to take into account what would be the effects on exports, particularly since American exports seem to be a priority?' Sola – who emphasized he was speaking on his own behalf and not for the FMC or the Trump administration – responded that the U.S. trade representative (USTR), which is proposing the fees following an investigation into China's shipping practices, is 'very well aware' of how the fines could impact American exporters. 'And we have drawn up our concerns to [USTR] to represent everybody here in the room,' he said. 'I can say that we are definitely advocating for U.S. exporters and the U.S.-flag fleet.' Under the USTR proposal, unveiled by the Trump administration in February, ships constructed in China would face fees of up to $1.5 million per U.S. port call. Vessel operators with even one Chinese-built ship in their fleet could be charged $500,000 per call, while Chinese shipping companies like Cosco would incur $1 million per call for any vessel, regardless of its origin. The unprecedented fees aim to counter China's dominance in global shipbuilding and maritime transport but could inadvertently disrupt U.S. trade flows and supply chains. Brian Clark, executive director of the North Carolina State Ports Authority, has been told by major port customers that should USTR move ahead with the fees, carriers will consolidate their port calls to a minimum number of major ports to minimize costs, bypassing smaller ports like his. 'Not only would carriers remove midsized ports from rotations entirely, precipitating the sure demise of such ports, but larger ports would experience immense congestion leading to inefficiencies worse than what was experienced during the peak of the pandemic supply chain disruptions,' Clark wrote in comments filed on Friday with USTR. 'Without access to port alternatives like the Port of Wilmington and the Port of Morehead City, North Carolina businesses will face higher transportation costs, driven by significant increases in first- and last-mile expenses to reach major ports.' John McCown, a container shipping expert, told USTR that the fees would have more adverse consequences than tariffs, particularly on exports. 'By having the proposed fees apply to all ships whether involved with imports or exports, they will effectively be a direct tariff on exports … and the American jobs linked to those exports,' he warned. The fees have raised concern about possible effects from all parts of the U.S. supply chain, including trucking. 'The trucking industry is still in a deep recession and companies are going out of business all over the country,' wrote Mitchell Bros. Truck Line, a drayage trucking company serving the ports of Seattle and Tacoma, Washington, in comments to USTR. 'These policies would be catastrophic for our industry as a whole. We need policies that promote economic growth and promote a sense of stability. These policies would cause major disruption and create extreme economic instability.' Sola was confident, however, that the trade policies being implemented by the administration would ultimately benefit the U.S. maritime sector, and attested to President Donald Trump's focus on the sector. 'I've spoken to him on numerous occasions about shipping, and he understands the supply chain as well. We've never had a president prioritize shipping the way this one has' in the first two months of an administration, Sola told conference attendees. But he cautioned that with Trump emphasizing shipping, 'a lot of things may affect you in a bad way and may give you some concern. Don't discredit at first sight; go ahead and work through it. The president is going to use a chain saw at first and then he's going to use a scalpel. So if you have concerns on [executive orders] or proposed legislation, now's the time to be involved. 'That being said, we're also going to see an investment in the United States maritime sector that I don't think that we have seen in my lifetime, and that is really saying something.' US port charges on China vessels add to supply chain uncertainty US opening investigation into container shipping choke points June sets record for China-US containers Click for more FreightWaves articles by John Gallagher. The post Regulator vows to back US exporters fearful about Trump's shipping fees appeared first on FreightWaves.
Yahoo
27-01-2025
- Business
- Yahoo
US has options to address Chinese influence in Panama, US official says
By David Shepardson WASHINGTON (Reuters) - The head of the Federal Maritime Commission will tell a U.S. Senate committee that the United States has options to address the growing presence of China and Chinese firms in Panama. President Donald Trump has vowed that the United States would take back the Panama Canal but has given no further details on when or how he intended to reclaim the canal - which is the sovereign territory of an ally. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. "We need to increase support for American companies seeking to do business in Panama and throughout the Americas. Chinese companies must not be the sole bidders on contracts," Federal Maritime Commission Chair Louis E. Sola said in written testimony to be presented on Tuesday at the Senate Commerce Committee hearing on the Panama Canal. The testimony was seen by Reuters. Sola added that "Chinese companies have been able to pursue billions of dollars in development contracts in Panama, many of which were physical infrastructure projects, some on or adjacent to the Panama Canal." Senate Commerce Committee Chair Ted Cruz said ahead of the hearing: "The United States paid for and built the Panama Canal, but Panama is treating America unfairly and ceding control of key infrastructure to China." Previously, Trump has refused to rule out possible use of military force, drawing criticism from Washington's Latin American friends and foes alike. In Sola's testimony, he said: "The United States is not without options in addressing the growing presence of China and Chinese companies in Panama and throughout the Americas. Nor are we without options as they relate to the continued viability of the Canal." He also said it was crucial to protect the independence of the Panama Canal Authority. Panama's president, Jose Raul Mulino, said last week that Panama has administered the canal responsibly for world trade, including for the United States, and that it "is and will continue to be Panamanian." More than 40% of U.S. container traffic, valued at roughly $270 billion annually, transits the Panama Canal. In August of last year, Sola and the FMC's then-chair, Dan Maffei, visited Panama and met with Mulino after drought conditions seriously impacted canal operations. Maffei said in written testimony to be presented to the Senate committee on Tuesday that Panama's rainy season last year has fortunately alleviated acute water-supply issues "for the time-being and restored normal transit volumes."
Reuters
27-01-2025
- Business
- Reuters
US has options to address Chinese influence in Panama, US official says
WASHINGTON, Jan 27 (Reuters) - The head of the Federal Maritime Commission will tell a U.S. Senate committee that the United States has options to address the growing presence of China and Chinese firms in Panama. President Donald Trump has vowed that the United States would take back the Panama Canal but has given no further details on when or how he intended to reclaim the canal - which is the sovereign territory of an ally. "We need to increase support for American companies seeking to do business in Panama and throughout the Americas. Chinese companies must not be the sole bidders on contracts," Federal Maritime Commission Chair Louis E. Sola said in written testimony to be presented on Tuesday at the Senate Commerce Committee hearing on the Panama Canal. The testimony was seen by Reuters. Sola added that "Chinese companies have been able to pursue billions of dollars in development contracts in Panama, many of which were physical infrastructure projects, some on or adjacent to the Panama Canal." Senate Commerce Committee Chair Ted Cruz said ahead of the hearing: "The United States paid for and built the Panama Canal, but Panama is treating America unfairly and ceding control of key infrastructure to China." Previously, Trump has refused to rule out possible use of military force, drawing criticism from Washington's Latin American friends and foes alike. In Sola's testimony, he said: "The United States is not without options in addressing the growing presence of China and Chinese companies in Panama and throughout the Americas. Nor are we without options as they relate to the continued viability of the Canal." 00:20Denmark responds to US pressure, ups Arctic defense spending The video player is currently playing an ad. He also said it was crucial to protect the independence of the Panama Canal Authority. Panama's president, Jose Raul Mulino, said last week that Panama has administered the canal responsibly for world trade, including for the United States, and that it "is and will continue to be Panamanian." More than 40% of U.S. container traffic, valued at roughly $270 billion annually, transits the Panama Canal. In August of last year, Sola and the FMC's then-chair, Dan Maffei, visited Panama and met with Mulino after drought conditions seriously impacted canal operations. Maffei said in written testimony to be presented to the Senate committee on Tuesday that Panama's rainy season last year has fortunately alleviated acute water-supply issues "for the time-being and restored normal transit volumes."
