Product recalls

Teleflex slips after recalls of fatal medical tubes

Data: FactSet; Chart: Axios Visuals

Shares of Teleflex dropped 3% today after the medical device maker recalled its endotracheal tubes, which are supposed to help patients breathe. The FDA classified the recall as Class I, the most serious kind, after 4 deaths were linked to the devices.

Yes, but: Teleflex's stock price is up 30% year to date. Medical device fatalities are crushing for patients and their families, but usually are just blips on the stock market.

Why Audi's small electric vehicle recall matters

An Audi E-Tron electric SUV is displayed during the May London Motor and Tech Show. Photo: John Keeble/Getty Images
An Audi E-Tron electric SUV is displayed during the May London Motor and Tech Show. Photo: John Keeble/Getty Images

Audi yesterday announced a small and voluntary recall of its first fully electric vehicle in the U.S., the luxury E-Tron SUV, due to a fire risk.

Why it matters: Yes, recalls happen in the car industry. But it's coming at a sensitive time as the EV market is still getting off the ground.