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…
BAE Systems to Equip JetZero’s Sustainable Jet with Active Control Sidesticks
BAE Systems will deliver and integrate next-generation active control sidesticks on JetZero’s new blended-wing body aircraft, which is set to accelerate the path to a sustainable future in aviation. Active control sidesticks give immediate and intuitive feedback directly into the pilot’s hands, which enables them to safely make use of the aircraft’s full flight envelope
In Agritech news this week…
Messer’s Nitrogen-Powered KwikChiller Boosts Poultry Yield
Messer, a cryogenic solutions innovator in poultry processing, will be launching the KwikChiller, a continuous, nitrogen chilling solution for fresh poultry, in an exclusive innovation suite at the 2025 International Production & Processing Expo (IPPE). “Manually shoveling CO2 pellets has long been an industry standard for chilling fresh poultry in second processing,” said Don Smiley, Director of Food and Beverage at Messer.
In Automotive news this week…
Pfizer Appoints Chris Boshoff as CSO & R&D President
Pfizer Inc, announced that after a comprehensive internal and external selection process, the company is appointing Chris Boshoff, M.D., PhD, as Chief Scientific Officer and President, Research & Development effective January 1, 2025. Dr. Boshoff, who most recently served as Chief Oncology Officer and Executive Vice President, will succeed Dr. Mikael Dolsten whose departure from Pfizer was announced earlier this year. In his new role, Dr. Boshoff will remain a member of Pfizer’s Executive Leadership Team reporting to Chairman and Chief Executive Officer, Dr. Albert Bourla, and he will oversee all functions of Research & Development across all therapeutic areas.
Quaker Houghton Appoints Joseph Berquist as CEO and President
Quaker Houghton announced that its Board of Directors has appointed Joseph Berquist as Chief Executive Officer and President, and a member of the Board of Directors, effective immediately. Mr. Berquist, who succeeds Andy Tometich as Chief Executive Officer and President, most recently served as Executive Vice President and Chief Commercial Officer for Quaker Houghton.
In Defence Technology news this week…
NeoSystems and SNC Partner on CMMC Solutions
NeoSystems LLC, a leading provider of managed services, consulting and compliant hosting solutions for government contractors, and SNC, the global aerospace and national security leader, announced a Memorandum of Understanding to jointly provide comprehensive cybersecurity solutions.
In Energy, Power and Sustainability news this week…
National Grid Names Steve Smith Chief Strategy & Regulation Officer
National Grid announced that Steve Smith has been appointed as the company’s Chief Strategy and Regulation Officer. As National Grid works to progress the energy transition at speed, Steve will lead the company’s work on future strategy and regulation across the US and UK. Steve will sit on National Grid’s executive committee and report to John Pettigrew, Group CEO.
In Food & Beverage this week…
Plantible Foods Secures $30M to Boost Rubi Protein Production
Plantible Foods, a technology company unlocking the power of plants to promote the health and longevity of people and the planet, announced the closing of a $30 million Series B funding round. The round was co-led by Piva Capital and Siddhi Capital, with participation from new investors Betagro Ventures, Cultivate Next (the venture arm of Chipotle Mexican Grill), Nourish Ventures (the venture arm of Griffith Foods), and existing investor Astanor Ventures.
In Healthcare this week…
Bio-Techne & ALZpath Partner to Advance Neurodegenerative Research
Bio-Techne Corporation announced a strategic partnership with ALZpath, Inc to accelerate breakthroughs in neurodegenerative disease research and treatment, including Alzheimer’s disease. The collaboration leverages Bio-Techne’s Ella™ fully automated, multiplexing immunoassay platform and ALZpath’s proprietary pTau217 antibody to provide the Simple Plex Human Phospho-Tau (T217) ALZpath Assay.
In Information Technology this week…
Tessl Secures $125M for AI Software Development
Tessl, founded by the developer security entrepreneur Guy Podjarny (‘Guypo’), has raised a total of $125m to lead the AI native software development movement. The funding consists of a $100m Series A led by Index Ventures with participation from Accel, GV, and boldstart, and a previously unannounced $25m Seed round led by boldstart ventures and GV.
In IoT this week…
NVIDIA Unveils Omniverse Real-Time Physics with Industry Partners
NVIDIA announced an NVIDIA Omniverse™ Blueprint that enables industry software developers to help their computer-aided engineering (CAE) customers in aerospace, automotive, manufacturing, energy and other industries create digital twins with real-time interactivity.
Everstream Analytics Appoints Corey Rhodes as New CEO
Everstream Analytics, the global leader in supply chain insights and risk analytics, announced the appointment of Corey Rhodes as Chief Executive Officer. Rhodes, a seasoned executive in enterprise software with deep expertise in supply chain optimization, joins Everstream at a time of unprecedented growth.
In Materials this week…
IPG Photonics Unveils Dual-Beam Fiber Lasers for Additive Manufacturing
IPG Photonics Corporation, a global leader in fiber laser technology, proudly announces the release of a new laser designed specifically for additive manufacturing applications. The new laser series incorporates IPG’s novel dual-beam lasers which offer independent control of the simultaneously emitted core and ring beams enabling unparalleled precision, efficiency, and reliability. IPG’s capabilities in high-power lasers power these new 1 kW core, 3 kW ring (YLR-1000/3000-AMB) and 2 kW core, 2 kW ring (YLR-2000/2000-AMB) dual-beam rack lasers.
In Madical devices this week…
Stryker Launches Oculan for Enhanced Surgical Lighting
Stryker, a global leader in medical technologies, unveiled the Oculan Lighting Platform, an innovative lighting solution designed to provide consistent, high-quality illumination, allowing surgeons to focus on delivering the highest standard of care.
In today’s operating rooms, where precision and accuracy are critical, even the smallest challenges may impact surgical outcomes – factors which may impede a surgeon’s ability to see clearly and work efficiently.
In Retail this week…
BJ’s Wholesale Club Appoints Scott Schmadeke as COO
BJ’s Wholesale Club announced that Scott Schmadeke, Senior Vice President, Field and Fresh Operations, has been named Executive Vice President, Chief Operations Officer, effective immediately.
Schmadeke will have responsibility for all BJ’s clubs, distribution centers, logistics and asset protection and safety. He will report to Bob Eddy, Chairman and Chief Executive Officer, and will serve on the company’s executive leadership team.
In Semiconductor & Electronics this week…
GR716B: Frontgrade Gaisler’s New Space Microcontroller
Frontgrade Gaisler has launched its latest radiation-hardened microcontroller, the GR716B. Building on the success of the GR716A, this latest innovation represents a step forward in the development of energy-efficient microcontrollers that are adaptable to space applications. As missions become increasingly complex and ambitious, the industry sees a growing need for technologies that not only deliver reliable performance over long durations, but are also capable of handling a multitude of tasks.
Article of the Week
Why Drone Logistics is the Next Big Thing in Transportation
In a world where convenience and urgency are crucial, customers prefer deliveries that take place more quickly. This has compelled logistics companies to reconsider their plans, seeking more economical and effective methods of product delivery. Drone logistics is one of this field’s most exciting new developments.