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…
Virgin Galactic Selects Boeing Subsidiary Aurora to Build New Motherships
Virgin Galactic, an aerospace and space travel company, announced an agreement with Aurora Flight Sciences (“Aurora”), a Boeing company, to partner in the design and manufacturing of the Company’s next generation motherships. The mothership is the air launch carrier aircraft in Virgin Galactic’s space flight system, that carries the spaceship to its release altitude of approximately 50,000 feet.
Evolito, a privately-owned company designing and manufacturing world-leading electric motors and controllers for aerospace applications, has announced the acquisition of the business and assets of Cheltenham-based aerospace battery solutions company Electroflight.
In Agritech News this week…
In response to the growing hunger crisis, PepsiCo and the PepsiCo Foundation, the philanthropic arm of PepsiCo, announced an expansion of its holistic efforts to advance food security. Through its global Food for Good initiatives, the Foundation is doubling down on efforts to increase equitable access to nutritious food by increasing its own investments as well as offering three new ways to engage people in fighting hunger.
UPL & OICSD’s Openag Symposium Calls for Agriculture to Play Greater Role in Pathway to Net Zero
The second edition of the OpenAg Symposium, hosted by UPL Ltd. (‘UPL’), a global provider of sustainable agricultural solutions, and the Oxford India Centre for Sustainable Development (‘OICSD’), Somerville College, University of Oxford, has outlined a series of policy positions, technological interventions, and financial models to transform food systems as positive contributors to global decarbonisation efforts.
In Automotive News this week…
Marelli Presents Its New 800 Volt Silicon Carbide Inverters Platform at Dritev
Marelli, a leading global automotive supplier, has developed a new, complete platform of 800 Volt Silicon Carbide (SiC) inverters, ensuring improvements in terms of inverters’ size, weight and especially efficiency, which is a critical parameter in electric vehicles.
UL Solutions, a world leader in applied safety science, announced the Battery Enclosure Thermal Runaway (BETR) evaluation, the first material screening test method at UL Solutions to evaluate electric vehicle (EV) battery enclosure material.
In news from the Banking, Finance, Securities and Insurance sector this week…
Carver Edison, a New York City-based financial technology company which creates upward mobility solutions for employees of publicly traded companies, and Morgan Stanley at Work, a workplace financial solutions provider, announced today the successful implementation of an application programming interface (“API”).
Langdon Park Capital Acquires Two Workforce Housing Communities in Los Angeles
Black-owned real estate investment company Langdon Park Capital (LPC) has expanded its growing portfolio, which now totals more than $100 million of assets under management, with the acquisition of two multifamily assets totaling $36.9 million.
In Energy and Power Sector News this week…
VAALCO Energy Inc. provided an update on the South Tchibala 1HB-ST well that was successfully drilled and completed from the Avouma platform in the Etame field, offshore Gabon, as well as additional operational information regarding its activities in Gabon.
CenterPoint Energy, Inc. or “CenterPoint” today announced it has achieved the final milestone in realigning its corporate structure after its acquisition of Vectren Corporation in 2019 to fund future capital investments more efficiently and better align with the company’s management and financial reporting.
In IT news this week…
Arcanna.ai Now Available in AWS Marketplace
Arcanna.ai announced the availability of its AI-Assisted Cybersecurity platform in AWS Marketplace a curated digital catalog from Amazon Web Services (AWS) that customers can use to find, buy, deploy, and manage third-party software, data, and services to build and run their businesses.
Raytheon Technologies-Led U.S. Army TITAN Program Selects C3 AI to Deliver Next-Generation AI/ML Ops
C3 AI, the Enterprise AI software company, announced Raytheon Technologies has selected the C3 AI Application Platform to deliver next-generation AI and machine learning (ML) capabilities for a ready-now solution for the U.S. Army’s Tactical Intelligence Targeting Access Node (TITAN) program.