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…
Boeing Board Names Kelly Ortberg President and CEO
Boeing announced that its Board of Directors has elected Robert K. “Kelly” Ortberg as the company’s new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing’s Board of Directors.
He will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020, and as a member of Boeing’s Board of Directors since 2009.
In Agritech news this week…
Genedata Selector 10 Revolutionizes R&D Workflows in Agricultural Biotechnology
Genedata, the leading provider of enterprise software solutions for biotechnology R&D, announced a new release of Genedata Selector®, an end-to-end platform that enables agricultural biotechnology organizations to develop innovative seeds and bring new, more sustainable crops to market faster.
In Automotive news this week…
Ambarella and Plus Announce High Performance Transformer-Based AD Perception Software Stack, PlusVision™, for CV3-AD AI Domain Controller Family With Industry-Leading Power Efficiency
Ambarella, Inc, an edge AI semiconductor company, and Plus, an AI-based driver assist and autonomous driving (AD) solutions provider, announced that Plus’s PlusVision™—a high-performance transformer-based AD perception software stack with industry-leading power efficiency—is now available on Ambarella’s CV3-AD AI domain controller family of systems-on-chip (SoCs), which provides industry leading AI performance per watt.
In BFSI news this week…
Vantage Bank Partners with Cable to Anticipate and Meet Evolving Compliance and Risk Management Regulations in Embedded Banking
Cable, the leading risk management and effectiveness testing platform for banks, fintechs, , announced a strategic partnership with Vantage Bank, a visionary $4.2B bank based in San Antonio, Texas. This collaboration aims to ensure robust compliance and risk management as Vantage Bank continues to grow its fintech program and partnerships.
In Biotech this week…
Bio-techne Announces Next-generation High Throughput Simple Western System
Bio-Techne Corporation is pleased to announce the launch of the Leo System. This next-generation Simple Western instrument offers higher throughput, flexibility, and efficiency over the current Jess and Abby Simple Western Systems. This state-of-the-art instrument enables simultaneous processing of up to 100 samples in a single 3-hour run, allowing scientists to process more samples in a day. Leo also provides 4-times the experimental size of Jess or Abby to facilitate quantitative assay designs including standard curves, QC samples, blanks, duplicates and reference standards.
In Chemicals news this week…
Ingevity announces additional steps to advance strategic repositioning and improve profitability of its Performance Chemicals segment
Ingevity Corporation announced additional steps to advance the company’s strategic repositioning of its Performance Chemicals segment for sustained improved profitability. Actions include consolidating segment operations at the company’s North Charleston, South Carolina, facility by moving oleo chemical refining to the North Charleston site’s secondary refinery. This consolidation will include closing its Crossett, Arkansas, facility in August.
In Defence Technology news this week…
CACI Awarded $319 Million Task Order to Provide Intelligence Systems Expertise to the U.S. Army
CACI International Inc announced that it has been awarded a five-year task order valued at up to $319 million to provide intelligence systems expertise to the U.S. Army, Communications-Electronics Command (CECOM), Software Engineering Center (SEC), Electronic Warfare and Sensors Directorate (IEWSD), Army Reprogramming Analysis Team-Program Office (ARAT-PO).
In Energy, Power and Sustainability news this week…
NANO Nuclear Energy and Blockfusion Sign Memorandum of Understanding to Explore Advanced Microreactor Solutions for Power Remote Artificial Intelligence Datacenters
NANO Nuclear Energy Inc, a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, announced that it has signed a Memorandum of Understanding (MOU) with Blockfusion Ventures, an affiliate of data center operator Blockfusion USA, Inc.
In Food & Beverage this week…
Instacart Unveils New Ad Solutions to Spark Out-of-Aisle Inspiration
Instacart, the leading grocery technology company in North America, announced new advertising solutions to enhance consumer discovery and brand engagement on its platform. These tools expand Instacart’s on-platform advertising capabilities beyond traditional in-aisle placements. In a grocery store, consumers might find crackers next to the cheese counter, or salsa next to tortilla chips.
In Healthcare this week…
Pearl Health and MDX Hawaii Partner to Expand Access to Value-Based Care
Pearl Health, a leading technology company focused on physician enablement in value-based care, announced that it has partnered with MDX Hawai’i, one of the largest physician networks in Hawaii, to help primary care providers across the state deliver better quality care at a lower cost.
MDX Hawaii has an extensive network of more than 630 primary care physicians and 2,300 specialists, as well as hospitals and ancillary providers.
In Information Technology this week…
Celonis Launches Platform Apps Program with New Process Intelligence Apps co-Created with Ecosystem Partners
Celonis, the global leader in Process Mining and Process Intelligence, announced the launch of its Celonis Platform Apps Program, which enables companies to achieve unrivaled value with domain-specific applications built by its Ecosystem partners on top of its market-leading Process Intelligence Platform. The program kicks off with four purpose-built apps, co-created by Celonis and its partners ProcessLab, Marcadus, Ashling Partners and KMLZ, offering dedicated solutions for banking, oil & gas and chemical, manufacturing and cross-industry use cases.
In Martech this week…
Noibu and BigCommerce Join Forces to Enhance E-commerce Performance
Noibu, a leading platform in error detection and resolution, announced a partnership with BigCommerce, an open SaaS, composable e-commerce platform for B2C and B2B brands. This partnership aims to improve website performance and customer experience for online retailers. BigCommerce customers can now integrate Noibu’s error monitoring tools through the BigCommerce App Marketplace.
In Logistics and Supply Chain this week…
PackageX Introduces On-Device OCR and Advanced AI Models for Shipping Label Scanning
PackageX, a leading innovator in inbound receiving and AI scanning logistics software, has announced a major advancement in its AI technology with the introduction of enhanced Shipping Label Optical Character Recognition (OCR) and on-device capabilities. This development promises to significantly boost workforce efficiency and streamline receiving processes across buildings, warehouses, and campuses.
In Materials this week…
Cambium and Checkerspot Form Collaboration to Develop and Commercialize PFAS-Free, High-Temperature and Fire-Resistant Foam Products for Dual-Use Defense and Commercial Applications
Cambium, an advanced materials innovator that leverages bio-engineering, chemistry, materials science and a proprietary computational platform to improve products for defense and other high-performance applications, and Checkerspot, a biotechnology company and Certified B Corporation™ that biomanufactures unique oils that it uses to develop performance products and materials, announced that they have formed a collaboration focused on the discovery, development, and commercialization of bio-based, impact-resistant, high-temperature and flame-retardant foam products and composite-foam systems.
In Madical devices this week…
Life Spine Announces FDA 510(k) Clearance for the ARx SAI Spinal Fixation System
Life Spine, a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spinal disorders, announced that it has received clearance from the U.S. Food & Drug Administration (FDA) to market the ARx SAI (Sacral Alar Iliac) Spinal Fixation System.
In Retail this week…
Instacart and Albertsons Companies Expand Partnership Nationwide Launching Pickup Services and Convenience Delivery in as Fast as 30 Minutes
Instacart, the leading grocery technology company in North America, and Albertsons Companies, Inc. announce the launch of Instacart pickup services and Albertsons Rapid convenience delivery nationwide at banners including Safeway, Albertsons, Shaw’s, ACME, Jewel-Osco, Randalls and Vons. Additionally, Haggen Food & Pharmacy is now available on the Instacart App for same-day delivery.
In Semiconductor & Electronics this week…
Renesas Completes Acquisition of Altium
Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited (“Altium”), a global leader in electronics design systems, announced the successful completion of the acquisition of Altium by Renesas.
The combination sets the foundation for Renesas and Altium to create an innovative electronics system design and lifecycle management platform.
Article of the Week
Tools And Best Practices for Efficient Identity Risk Management
