Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace news this week…
Lockheed Martin Expands Space Capabilities with Terran Orbital Acquisition
Lockheed Martin has completed its previously announced acquisition of Terran Orbital, a leading manufacturer of innovative modular spacecraft serving the global aerospace and defense industries, and its subsidiary, Tyvak International. Lockheed Martin has worked with Terran Orbital on projects including Space Development Agency programs and Lockheed Martin’s technology demonstrations.
In Agritech news this week…
Ohalo Launches FruitionOne: First Self-Fertile Nonpareil Almond
Ohalo announced the launch of FruitionOne, the world’s first self-fertile Nonpareil almond variety. This groundbreaking innovation allows almond growers to eliminate the need for traditional pollenizer trees when planting Nonpareil almond orchards, marking a significant advancement in almond farming.
In Automotive news this week…
Arrow Electronics Expands to Boost Automotive Software Development
Arrow Electronics, Inc, a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) with new development centres in Munich and Istanbul to better assist customers in the development of next-gen automotive products.
In BFSI news this week…
Klarna and Worldpay Expand Global Merchant Partnership
Klarna, the AI-powered global payments network and shopping assistant has expanded their partnership with Worldpay, a global industry leading payment services provider, to enable thousands of new merchants to offer Klarna to their customers. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method to Worldpay’s merchants globally, alongside traditional card payments.
Biogen Appoints Daniel Quirk, MD, as Chief Medical Officer
Biogen Inc. has appointed Daniel Quirk, M.D., M.P.H., M.B.A. as Chief Medical Officer and Head of Medical Affairs, effective October 28, 2024. Dr. Quirk will report to Priya Singhal, M.D., M.P.H., Head of Development at Biogen.
“At Biogen, scientific and medical leadership is the foundation for everything we do, and this is why we believe Dan will be a perfect fit to lead our Medical Affairs organization going forward,” said Priya Singhal, M.D., M.P.H., Head of Development at Biogen.
Luis E. Rojo Named President and CEO at Stepan
Stepan Company announced the appointment of Luis E. Rojo as President and Chief Executive Officer and as a member of the Board of Directors, effective immediately.
After a 31-year Stepan career, Scott R. Behrens is departing the Company to pursue other opportunities. “We thank Scott for his leadership and his many contributions to the growth and diversification of Stepan over his career with the Company.
In Defence Technology news this week…
Sentrycs & Third Eye Systems: Next-Gen Drone Detection Solutions
Sentrycs, a leading innovator in C-UAS solutions, and Third Eye Systems, a renowned developer of advanced imaging solutions, announced a new strategic partnership. This collaboration brings together Sentrycs’ cutting-edge passive drone detection technology and Third Eye’s advanced Electro-Optic systems, delivering an unparalleled layer of drone identification and verification. By combining their expertise, the two companies are setting a new standard for enhanced airspace security solutions.
In Energy, Power and Sustainability news this week…
KKR and Energy Capital Form $50B Partnership for AI-Driven Data Centers & Power
KKR, a leading global investment firm, and Energy Capital Partners, the largest private owner of power generation and renewables in the U.S., announced a $50 billion strategic partnership. The collaboration aims to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally. This strategic partnership combines KKR’s deep expertise in digital infrastructure, power, and the energy value chain with ECP’s premier energy transition platform in electrification and power and renewable generation.
In Food & Beverage this week…
Table22 Secures $11M to Boost E-Commerce for Food & Beverage Merchants
Table22, a leading provider of revenue-expanding e-commerce tools for merchants in America’s more than $1 trillion food and beverage industry, announced an $11 million Series A funding round to expand its platform and customer network. The round was led by Lightspeed Venture Partners, with participation from institutional investors Footwork, Forerunner Ventures, and Alt Capital, among others, as well as individual participants including founders of and leaders from category-leading companies like Square, BentoBox, and SevenRooms.
In Healthcare this week…
Telix and Subtle Medical Collaborate on AI-Powered SubtlePET for Faster Imaging
Telix Pharmaceuticals Limited announces a partnership with California-based Subtle Medical, Inc. (Subtle Medical) for artificial intelligence (AI)-powered positron emission tomography (PET) imaging with Telix’s commercial PSMA-PET1 product, Illuccix® (68Ga-PSMA-11).
Subtle Medical’s SubtlePET™ is a U.S. Food and Drug Administration (FDA) cleared AI-driven solution to enhance the efficiency and effectiveness of imaging procedures.
In Information Technology this week…
RunSafe and Critical Software Form Strategic Partnership for Enhanced Security
RunSafe Security, a leader in immunizing software from cyberattacks through a patented, frictionless process, and Critical Software, a key player in delivering safety-critical software solutions, have formed a strategic partnership to protect embedded systems in the US and Europe’s most vital sectors. The partnership strengthens both companies’ abilities to tackle regulatory compliance and cybersecurity challenges in automotive, aerospace, and industrial technology industries.
In IoT this week…
HARMAN Unveils Generative AI Solutions on AWS Marketplace
HARMAN Digital Transformations Solutions, a strategic business dedicated to blending the physical and digital to make business technology more dynamic, announced that ForecastGPT, a sophisticated artificial intelligence (AI)-driven forecasting solution that uses advanced Large Language Models (LLMs) fine-tuned on domain-specific multivariate time series datasets, is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
ZAPI GROUP Acquires UBIQUICOM, Leader in RTLS
ZAPI GROUP, a global leader in electrification, announced that it has acquired UBIQUICOM, a leader in Real-Time Locating Systems (RTLS) for manufacturing, transportation and logistics processes. The acquisition bolsters ZAPI GROUP’s standing as a comprehensive systems integrator for electrification and warehouse automation.
In Materials this week…
Schneider Electric and Saint-Gobain Launch Smart Glass Production Initiative
Schneider Electric, leader in the digital transformation of energy management and automation, and Saint-Gobain, leader in light and sustainable construction, have joined forces to deploy the first-of-its kind software-defined automation system for glass production. Unveiled at Glasstec 2024, the world’s leading trade fair for the glass industry, the project addresses the urgent need for enhanced reliability in the critical lehr process.
In Madical devices this week…
David Kenigsberg, M.D. Joins Pulse Biosciences as CMO of Electrophysiology
Pulse Biosciences, Inc., a company leveraging its novel and proprietary Nanosecond Pulsed Field Ablation technology, announced the appointment of David Kenigsberg, M.D. as Chief Medical Officer of Electrophysiology. Andrea Natale, M.D. will become a medical advisor for the company, joining existing advisors Vivek Reddy, M.D. and Jacob Koruth, M.D., who altogether will continue to support the development and clinical efforts for the Pulse Biosciences nano-PFA 360 Cardiac Catheter.
In Retail this week…
Bloomreach and Planet Team Up for Enhanced Personalization
Bloomreach, the platform fueling limitless ecommerce personalization, announced it has partnered with Planet, a leading provider of integrated payments and software platforms for retailers. Together, the companies will unlock more personalized, AI-powered ecommerce for businesses around the world — offering a composable solution that connects the customer journey across the online and in-store shopping experience.
In Semiconductor & Electronics this week…
Vertiv Appoints Scott Armul as Global Business Leader
Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced that on January 1, 2025, Scott Armul will be promoted to executive vice president, global portfolio and business units, reporting to Vertiv CEO Giordano (Gio) Albertazzi. Armul will focus on driving a growth-oriented global portfolio strategy, as Vertiv continues to expand its offerings to meet evolving industry and customer needs in an increasingly demanding digital economy.
Article of the Week
Technology in Supply Chain: Enhancing Speed, Efficiency, and Accuracy
Artificial intelligence, self-driving vehicles, and robotics used to seem unrealistic and too futuristic. But today, those technological advancements are transforming the logistics industry. With on-demand logistics booming, technology in supply chains is key to higher efficiency.