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…
Applied Aerospace Appoints David Myers as Chief Strategy Officer
Applied Aerospace, a proven manufacturer of spacecraft and aircraft systems for commercial and military applications, announced the appointment of satellite industry veteran David Myers as Chief Strategy Officer (CSO).
In BFSI news this week…
Gravity Secures $13M Series A to Boost Energy Optimization
Gravity, the leading enterprise carbon accounting and energy management platform, announced a $13M Series A funding round, bringing the company’s total funding to over $20M. The round was led by Ansa Capital, with participation from existing investors Eclipse, Hanover, and Caffeinated Capital, along with new investors Communitas Capital, Buoyant Ventures, and WEX Venture Capital.
In Biotech this week…
Lilly to acquire Scorpion Therapeutics’ mutant-selective PI3Kα inhibitor program
Eli Lilly and Company and Scorpion Therapeutics, Inc., a private biotechnology company developing small molecule precision oncology therapies, announced a definitive agreement for Lilly to acquire Scorpion’s PI3Kα inhibitor program STX-478. STX-478 is a once-daily oral, mutant-selective PI3Kα inhibitor currently being evaluated in a Phase 1/2 clinical trial for breast cancer and other advanced solid tumors.
In Chemical news this week…
Jones-Hamilton Co. Announces Acquisition of Nexchlor LLC
Jones-Hamilton Co. (JH), a leading producer and marketer of hydrochloric acid (HCl) and sodium bisulfate, has announced its acquisition of Dallas-based Nexchlor LLC, a wholly owned subsidiary of Copperbeck Energy Partners LLC (a portfolio company of Tailwater Capital).
In Defence Technology news this week…
Redwire Acquires Edge Autonomy, Creating Scaled Space Tech
Redwire Corporation, a leader in space infrastructure for the next generation space economy, announced that it has signed a definitive agreement to acquire Edge Autonomy, a leading provider of field-proven uncrewed airborne system (“UAS”) technology. Under the terms of the merger agreement, Redwire will acquire Edge Autonomy for $925 million on a debt free, cash free basis and subject to customary working capital, cash and debt adjustments.
In Energy, Power and Sustainability news this week…
Encycle and Itron Collaborate to Boost Energy Management
Encycle Technologies, Inc., a data-driven technology company that deploys autonomous intelligence and analytics for commercial HVAC optimization, announced a strategic collaboration with Itron, Inc., which is innovating new ways for utilities and cities to manage energy and water.
In Logistics and Supply Chain this week…
ODW Logistics Unveils Global Shipping with Passport Partnership
ODW Logistics, a national third-party logistics (3PL) provider specializing in integrated solutions, has partnered with Passport, a global e-commerce solutions provider, to expand international parcel fulfillment capabilities for e-commerce brands. This collaboration allows ODW to streamline global shipping processes and provide seamless, end-to-end support for companies entering or growing in international markets.