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…
NASA’s SpaceX Crew-5 Launches to International Space Station. The crew members assigned to NASA’s SpaceX Crew-5 mission are in orbit following their launch to the International Space Station noon EDT Wednesday, from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. The international crew will serve as the agency’s fifth commercial crew rotation mission with SpaceX aboard the orbital laboratory.
A SpaceX Falcon 9 rocket propelled the Dragon Endurance spacecraft into orbit carrying NASA astronauts Nicole Mann as mission commander, and Josh Cassada, pilot. JAXA (Japan Aerospace Exploration Agency) astronaut Koichi Wakata and Roscosmos cosmonaut Anna Kikina, also aboard the Dragon, will serve as mission specialists for their science expedition in microgravity aboard the space station.
In Agritech News this week…
Nestlé Launches Nescafé Plan 2030 to Help Drive Regenerative Agriculture. NESCAFÉ, Nestlé’s largest coffee brand and one of the world’s favorite coffees, outlined its extensive plan to help make coffee farming more sustainable: the NESCAFÉ Plan 2030. The brand is working with coffee farmers to help them transition to regenerative agriculture while accelerating its decade of work under the NESCAFÉ Plan.
The brand is investing over one billion Swiss francs by 2030 in the NESCAFÉ Plan 2030. This investment builds on the existing NESCAFÉ Plan as the brand expands its sustainability work. It is supported by Nestlé’s regenerative agriculture financing following the Group’s commitment to accelerate the transition to a regenerative food system and ambition to achieve zero net greenhouse gas emissions.
In Automotive News this week…
Honda Reveals Styling of All-New Prologue Electrified SUV. Honda offered the first look at the exterior and interior styling of the all-new Honda Prologue battery-electric SUV that will come to market in North America in 2024. The Prologue design features clean and simple “Neo-Rugged” exterior and interior styling and ample interior space that’s ready for adventure inside and outside the city limits.
Modern design with neo-rugged aesthetics. The Honda design team based in Los Angeles is responsible for leading the exterior and interior styling of the all-new Prologue. A young team of designers set out to create a modern and fresh SUV, with clean and simple surfacing.
In BFSI sector news this week…
MVB Financial Corp. Completes Execution of Strategic Minority Investment in Warp Speed. MVB Financial Corp., the parent holding company for MVB Bank (the “Bank”), has announced the completion of the previously announced transaction in which MVBF has acquired a 37.5% interest in Warp Speed Holdings LLC (“Warp”) for $48 million (the “Consideration”). The Consideration is comprised of $38.4 million cash and $9.6 million in MVB common stock, with the number of shares issued being based on the volume weighted average closing price for shares of MVB common stock for the 20 trading days ending the day prior to the closing date.
Raymond James & Associate, Inc. served as MVB’s financial advisor, and Squire Patton Boggs served as legal counsel to MVB.
In Biotechnology news this week…
Biolink Life Sciences, Charak Foundation and Kare Biosciences Announce Contract for Developing a Novel Treatment. BioLink Life Sciences of Cary, North Carolina, today announced receiving a contract from BARDA (the Biomedical Advanced Research and Development Authority) to fund the development of Ramatroban for treatment of patients hospitalized with COVID-19 pneumonia (the RAMBAN-1 Study).
BioLink’s $750,000 contract from BARDA complements a multimillion dollar grant from Open Philanthropy to the Charak Foundation. RAMBAN-1 is a Phase 2/3 randomized, placebo-controlled clinical trial to evaluate Ramatroban’s safety and efficacy in speeding recovery in hospitalized patients with COVID-19 pneumonia with a 28-day course of treatment. RAMBAN-1 will also explore if the 28-day treatment of acute disease with Ramatroban reduces the risks of subsequent development of post-acute sequelae of COVID-19 (“long COVID”) over the ensuing 11 months.
In Chemicals sector news this week…
DeVere Chemical Receives New EPA Approval for Successful Proprietary Cleaner. DeVere Chemical announced that it had received EPA approval to reintroduce its dry-powder cleaning product to help American food producers safely stock grocery store shelves across the country. Security Floor® Sanitizer (SFS) has undergone rigorous testing and outperformed competitors in every way, proven to kill seven different harmful bacteria in dry, soiled conditions – including deadly L. monocytogenes (listeria). SFS is the perfect sanitizing product for food production facilities.
In Energy & Power news this week…
NovaSource Power Services acquires First Solar’s Australian O&M Business. NovaSource Power Services, a global leader in solar operations and maintenance (“O&M”) services and a portfolio company of Clairvest Group Inc. and OMERS Private Equity, the private equity arm of OMERS, announced its global operations expansion into Australia with the acquisition of the Australian O&M assets of First Solar, Inc., which closed on September 30, 2022.
The acquisition is part of a global expansion strategy helmed by NovaSource’s CEO, Troy Lauterbach. When Lauterbach assumed the helm of NovaSource as its CEO, he announced the goal of becoming both a national and global leader in renewable O&M services.
In Food & Beverage news this week…
PURIS, Launches Its First Consumer Brand: AcreMade, A Better Plant-Based Egg. PURIS, an early and innovative pioneer in plant-based food systems, announced the launch of its first consumer brand: AcreMade, a better plant-based egg. AcreMade is ushering in a new era of plant-based eggs with delicious, easy-to-use, nutritious products free from the top nine allergens, unlocking a world of potential within plant-based eating. AcreMade developed an egg substitute made from PURIS’ star ingredient—yellow field peas—a nutritious and planet-friendly pulse that satisfies hunger while fueling a regenerative food system at the same time. According to a recent analysis by Fact.MR, sales of vegan eggs are expected to reach a value of close to $3.3 billion by 2031, and AcreMade plans to support this growth using the foundation of PURIS’ scaled-protein supply chain.
In Healthcare news this week…
VentureMed Announces First Patient Treated With The FLEX Vessel Prep System AV Focused 75cm Product. VentureMed Group, Inc., a privately held medical device innovator in access management for arteriovenous (AV) fistulas and grafts and vessel preparation for interventional treatment of peripheral arterial disease (PAD) announced that Dr. Ari Kramer, Assistant Professor, Department of Surgery and Director, Vascular Access Program, Spartanburg Regional Healthcare System treated the first patient with the FLEX Vessel Prep System 75 cm length targeting AV access interventions including the hard-to-reach Cephalic Arch stenoses.
In IT news this week…
ThirdEye Data to start providing Data & AI Services & Solutions across Canada. ThirdEye Data has opened up a new office in Montreal, extending its services to the Canadian market. The artificial intelligence and big data company is based in San Jose, CA, and transforms enterprises worldwide with its Data & AI services & solutions. It’s a one-stop shop for data science, analytics, and engineering services.
ThirdEye Data has served the U.S. market for over a decade, building end-to-end solutions for startup companies and Fortune 500 enterprises, creating a solid foothold in the technical market. Its services help organizations transform their existing knowledge into strategic insights for tactical business deployment, enabling key executives to make informed and timely decisions.