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…
Eviation’s Alice Achieves Milestone with First Flight of All-Electric Aircraft. An important milestone and historic day for electric aviation occurred when Eviation Aircraft, a producer of all-electric aircraft, accomplished the first flight of its zero-emission Alice aircraft.
At 7:10 in the morning, Alice took off from Grant County International Airport (MWH) and flew for eight minutes at a height of 3,500 feet. Eviation received crucial information from this ground-breaking flight of the technology demonstrator that it may use to further enhance the plane for mass production.
In Agritech News this week…
Syngenta Launches World’s First Commercial Digital Tool to Detect Harmful Nematodes Through Satellite Images. Crops can sustain severe damage from harmful nematodes that feed on plant roots, costing billions of dollars in losses. In order to identify infestations of plant-parasitic nematodes in soybean crops, Syngenta Crop Protection, a leader in agricultural innovation, is launching the first commercial digital tool in the world. This tool will do this by analysing satellite images. This represents a milestone in the control of this destructive pest and is the result of Syngenta’s dedication on providing farmers all over the world with an expanding portfolio of digital and precision agricultural solutions.
In Automotive News this week…
New 2023 Ram 2500 Heavy Duty Rebel Unveiled at State Fair of Texas With Exceptional Off-road and Towing Capability. At the Texas State Fair, Ram introduced the new 2023 Ram 2500 Heavy Duty Rebel. This new model adds to the company’s heavy-duty inventory and provides an excellent and rare combination of off-road capability without compromising payload and towing capacity.
The new 2023 Ram Heavy Duty Rebel, which fills the space between the Laramie and Power Wagon, strengthens Ram vehicles’ status as the industry’s top off-road and performance truck in North America.
In BFSI sector news this week…
Orrstown Financial Services, Inc. Announces Strategic Initiatives to Drive Long-Term Growth and Improve Operating Efficiencies. The parent company of Orrstown Bank (the “Bank”), Orrstown Financial Services, Inc. (“Orrstown” or the “Company”), recently unveiled initiatives aimed at fostering long-term growth, concentrating the organisation on a banking environment that is changing quickly, and enhancing operational effectiveness. Five branch sites will be shut down as part of these activities, and certain staffing model changes will also be made.
The Company anticipates that these actions will result in a one-time pre-tax charge of around $3.1 million in the third quarter of 2022, which will be made up of $1.9 million in building and fixed asset write-offs and $1.2 million in early retirement/severance charges.
In Biotechnology news this week…
Synaptogenix Welcomes Lecanemab Phase 3 Trial Results. In response to the encouraging Phase 3 trial findings for Lecanemab released last night by Eisai and Biogen, Synaptogenix, Inc., a newly established biopharmaceutical firm investigating regenerative therapies for neurodegenerative illnesses, made a statement.
R&D Day: Presentations to Highlight Transgene’s Competitive Positioning, Capabilities to Engineer Novel Immunotherapies for Patients with Cancer, and Update on Initial Clinical Data. A research and development event for investors and research analysts will be held in Paris by Transgene, a biotech business that creates and develops virus-based immunotherapeutics against cancer.
In Chemicals sector news this week…
Venator Becomes First Titanium Dioxide Producer With Eco Passport by OEKO-TEX Certified Grade for Textile Industry. Venator has earned an ECO PASSPORT by OEKO-TEX as a result of the recent release of its second sustainability report, making it the first producer and supplier of fibre anatase titanium dioxide (TiO2) to the textile sector. An elite TiO2 grade for delustering synthetic fabrics like polyester, viscose, and acrylic, Venator’s HOMBITAN® LW-S 100 pigment is accredited.
The independent, multi-stage testing and certification process known as ECO PASSPORT by OEKO-TEX is used for chemicals, colourants, and other additives used in the production of textiles and leather. Independent verification that raw materials are produced in an eco-friendly manner and in accordance with ethical standards is provided by the rigorous ECO PASSPORT evaluation procedure.
In Energy & Power news this week…
Clean Energy Announces Opening of Ohio Renewable Natural Gas Station for Amazon and Other Trucking Fleets. At its new renewable natural gas (RNG) station in Groveport, Ohio, Clean Energy Fuels Corp., the leading supplier of the cleanest fuel for the transportation market, celebrated a ribbon-cutting ceremony with state and local politicians, agricultural leaders, and company executives. Trucks from Amazon (Nasdaq: AMZN) will fill up at the station, which will also be open to the public for local fleets looking to purchase RNG, a sustainable fuel made from organic waste.
In Food & Beverage news this week…
Uncle Matt’s Organic Launches Zero Sugar Lemonade Juice Box Line for Kids. Uncle Matt’s Organic is proud to introduce two new kid-friendly products: No Sugar Added Lemonade Juice Boxes and No Sugar Added Strawberry Lemonade Juice Boxes. Uncle Matt’s Organic is the nation’s #1 selling brand of organic orange juice. The shelf-stable range is sweetened with stevia and has no added sugars. It also has 150% DV vitamin C, 25% DV vitamin D, and zinc for immune support. Just in time for back-to-school season, this lunchbox necessity is now available at a few select stores around the country, including Whole Foods Market, The Fresh Market, and MOM’s Organic Market.
Farmland® Donates $9,000 to Nebraska FFA Association and More Than 115,000 Servings of Protein to Food Bank for the Heartland. In order to help towns anchored in the Midwest and invest in the future generation of the agricultural sector, Farmland® began year two of its Honoring the Heartland Tour this summer. This initiative also aims to demonstrate thanks to hardworking farming communities. The tour made a stop in Omaha earlier today to honour two deserving Nebraska organisations.
Farmland donated $9,000 to the Nebraska FFA Association during a presentation at Food Bank for the Heartland in order to support its goals and pay for volunteer programmes. Institutions like these are essential in developing the next generation of leaders and guaranteeing a bright future for the area because agriculture directly employs so many Nebraskans.
In Healthcare news this week…
Bionix Launches the Lighted Ear Curettes with ClearLook Lighted Ear Curette Hitting the Market Today. Bionix has been providing the healthcare sector with their cutting-edge and dependable Lighted Ear Curettes for almost 20 years. These instruments are made to illuminate the ear canal and enhance visualisation for quick and secure cerumen removal.
The ClearLook Lighted Ear Curette, the latest model, is now available. Medical practitioners that routinely utilised the previous generation of Lighted Ear Curettes provided Bionix with insightful feedback and recommendations that were used to create this one.
In IT news this week…
Invest Cyprus Welcomes JetBrains to The Club of Tech Companies That Have Selected Cyprus. The ambitious intentions to establish a hub in Cyprus by JetBrains, a Czech software business that creates tools for software developers and project managers, were warmly embraced today by Invest Cyprus. More than 220 employees have moved to offices in Paphos and Limassol, and the company plans to add another 80 positions.
According to Invest Cyprus Chief Executive Officer George Campanellas, “Invest Cyprus is very anxious to help firms as they scale and grow, and it’s exciting to see employers such as JetBrains realise that Cyprus affords them the ability to expand further.” The JetBrains investment is further more proof that Cyprus is emerging as a top location for tech firms in the European Union.