TELA Bio chief operating officer and chief financial officer resigns

TELA Bio reported Q2 2026 revenue of $19.3M, down 4% YoY, driven by declines in OviTex PRS unit volumes and price-mix headwinds. International revenue grew 26% YoY, while gross margin improved to 72%. Net loss was $11.3M, and cash reserves decreased to $30.4M. Management cited competitive pressures and slower sales rep productivity as challenges, while highlighting market share gains in hernia products and plans to reduce costs.

TELA Bio, Inc. (TELA) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 TELA Bio Reports Second Quarter 2026 Financial Results MALVERN, PA, August 10, 2026 -- TELA Bio, Inc. (“TELA Bio”), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today reported financial results fo

Venu Holding Corporation (VENU) reported strong sales of its Luxe FireSuite® premium seating, with over $290M generated since inception. Sales are 70%+ sold at three venues under development, reflecting demand for premium hospitality. CEO J.W. Roth highlighted the strong community and business leader support.

Chevron plans to invest $7B in Venezuela over five years, aiming to double production to 600,000 barrels per day. The investment is backed by new agreements with Venezuela, offering updated terms and additional acreage in the Orinoco Belt. Chevron's joint ventures in Venezuela have seen a 15% production increase year-to-date, according to the company.

Berkshire Hathaway's CEO Greg Abel stated that energy infrastructure, particularly grid permitting and interconnection delays, is the biggest constraint for AI data centers, not chip shortages. Data centers already account for 8% of Berkshire Energy's Iowa load. Berkshire invested $6.5 billion in Alphabet at a 6.5% discount, part of a $24 billion Q2 equity push driven by AI conviction. Abel emphasized serving hyperscalers only if existing ratepayers face no rate increases and ideally benefit.

Albemarle has named BHP executive Ragnar Udd as its CEO, effective February 1, 2027. Udd, currently BHP's chief commercial officer, will replace Kent Masters, who will become executive chairperson. Albemarle shares fell 2.3% in premarket trading.