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…
Maxar Intelligence Announces Partnership with TD SYNNEX
Maxar Intelligence, provider of secure, precise geospatial sights, announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership will enable greater access to Maxar’s industry-leading satellite imagery and geospatial insights through TD SYNNEX’s marketplace.
In Automotive news this week…
LG and Ambarella Partner to Enhance AI Vehicle Safety
LG Electronics (LG), a mobility sector technology leader, and Ambarella, Inc, an edge AI semiconductor company, announced that LG will showcase its latest in-cabin solution, developed in partnership with Ambarella, during CES 2025. Ambarella worked in close cooperation with LG to integrate its CV25 AI system-on-chip (SoC) into LG’s Driver Monitoring System (DMS), which allows automotive OEMs to deliver safer vehicles. This DMS is already in production with a global automotive OEM.
In BFSI news this week…
AML RightSource Appoints Jennie Jonas as SVP of Financial Crimes Advisory
AML RightSource, a global leader in technology-led managed services for financial crime prevention, announced the appointment of Jennie Jonas as Senior Vice President of Financial Crimes Advisory. With over two decades of experience in financial crimes risk management and regulatory remediation, Jonas will spearhead initiatives to further strengthen AML RightSource’s advisory capabilities.
OmniScience and INmune Bio Partner to Accelerate Phase 2 Alzheimer’s Trial with Vivo genAI
OmniScience and INmune Bio announced a pioneering partnership to revolutionize operations for INmune Bio’s global Phase 2 Alzheimer’s disease (AD) clinical trial (the “AD02 trial”) using OmniScience’s flagship product, Vivo, an industry-first, genAI-powered control tower designed specifically for centralizing and analyzing vast clinical data in real time. This solution represents an innovative approach to clinical research, delivering immediate insights that enhance decision-making and transform traditional, time-consuming trial management.
Dow Names Keith Cleason and Marco ten Bruggencate Presidents
Dow announced a series of business leadership changes. Keith Cleason has been named president of Dow’s Packaging & Specialty Plastics (P&SP) operating segment, including responsibility for the Packaging and Specialty Plastics business performance. He succeeds Carter. In his new role, Cleason will also assume executive oversight for Latin America. The transition will begin immediately.
In Defence Technology news this week…
D-Fend Solutions Secures $31M to Advance Counter-Drone Tech
D-Fend Solutions, the leader in field-proven radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone – takeover technology, announced that it has secured $31M in the initial closing of a new investment round. The round was led by Israel Growth Partners (IGP), with participation from existing investor Vertex Ventures and new investor Vertex Growth.
In Energy, Power and Sustainability news this week…
Hexagon Composites names Dr. Philipp Schramm as CEO
The Board of Directors of Hexagon Composites is pleased to announce the appointment of Dr. Philipp Schramm as Chief Executive Officer, effective 7 January 2025.
Philipp is an automotive industry executive, with more than 15 years of global experience in the automotive supplier industry. He recently served as the CEO and CFO of Brose, one of the world’s largest family-owned automotive parts suppliers, with approximately 32,000 employees across 24 countries and annual revenues of around EUR 8 billion.
In Food & Beverage this week…
OneRail Secures $42M Series C for Retail Fulfillment Growth
OneRail, a leading provider of solutions in last mile omnichannel fulfillment, recently announced a strategic growth capital investment led by Los Angeles-based Aliment Capital, a global investment firm investing across the food value system, health and nutrition, and the supply chain. The partnership and financing will fund further enhancement of OneRail’s software as a service (SaaS) platform, OmniPoint®, expanding capabilities that enable dynamic fulfillment and a seamless unified commerce experience for consumers, and comes amidst a challenging funding environment.
In Healthcare this week…
MindMed Appoints Dr. Javier Muniz as VP of R&D Strategy
Mind Medicine Inc, a clinical-stage biopharmaceutical company developing novel product candidates to treat brain health disorders, announced the appointment of Javier A. Muniz, M.D., as Vice President of Research and Development (R&D) Strategy. In his new role, Dr. Muniz will drive innovation and growth of MindMed’s R&D operations as the Company prepares to initiate three Phase 3 studies of MM120 orally disintegrating tablet (ODT) in generalized anxiety disorder and major depressive disorder.
In IoT this week…
Morse Micro Launches Wi-Fi Platform for IoT
Morse Micro, the world’s leading provider of Wi-Fi HaLow solutions, announced the release of a pioneering evaluation kit; a fully integrated development platform designed to advance IoT solutions across industries. Leveraging the power of Wi-Fi HaLow, the MM6108-EKH05 supports a wide range of applications, from smart home devices to industrial automation systems.
Reveel & Deposco: Real-Time Shipping Insights for E-commerce
Reveel, the only Shipping Intelligence™ Platform with Parcel Spend Management 2.0 (PSM 2.0) technology, and Deposco, the leading omnichannel supply chain fulfillment solutions provider, announced that retailers can now access parcel shipping data at the SKU level in real time. The direct integration of Deposco’s Warehouse Management System (WMS) and Order Management System (OMS) with Reveel’s Shipping Intelligence™ Platform puts custom dashboards and new capabilities at parcel shippers’ fingertips for the first time.
In Materials this week…
Amaero Signs Long-Term Deal with Perryman for U.S. Titanium Bar
Amaero International Limited a leading U.S. domestic producer of high-value C103, refractory alloy, and titanium powders for additive and advanced manufacturing of components utilized by the defense, space, and aviation industries is pleased to announce that it has signed a 3-year Supply Agreement for U.S.-melt and forged titanium alloy bar with The Perryman Company (“Perryman”).
In Madical devices this week…
Agiliti Unveils Adapt Line for Enhanced Patient Comfort and Outcomes
Agiliti, a nationwide manufacturer and provider of medical device solutions to the healthcare industry, announced the launch of its Adapt Line of therapeutic hospital support surfaces, clinically engineered to enhance patient comfort and help reduce the risk of pressure injuries resulting from prolonged bed rest.
In Retail this week…
Pereg Ventures Acquires Majority Stake in Syte for AI-Driven Apparel eCommerce
Syte, the only AI-powered product recommendation engine built from the ground up for apparel eCommerce, announced that New York-based Pereg Ventures has acquired a controlling stake in the company. This strategic investment, led by Pereg and including Magma VC, MizMaa, and Stardom Ventures, marks the start of a transformative new chapter for Syte, now under the leadership of Ziv Ben-Barouch, Co-Founder of Pereg Ventures and Syte’s newly appointed CEO.
In Semiconductor & Electronics this week…
Soitec & GlobalFoundries Partner on High-Performance RF-SOI Semiconductors
Soitec, a leader in the design and manufacture of innovative semiconductor materials, announced its commitment to deliver 300mm RF-SOI substrates to GlobalFoundries (GF) for the production of GF’s leading RF-SOI technology platforms, including the company’s most advanced RF solution, 9SW.
In Smart Lighting this week…
Delta Unveils Intelligent Building Solutions for North America
Delta, a global leader in power management and a provider of IoT-based smart green solutions, is launching Delta Intelligent Building Technologies (DIBT), a one-stop shop for its smart, sustainable building solutions for customers across North America. By combining the expertise of Delta’s industry-leading brands—Amerlux for architectural lighting, Delta Controls and LOYTEC for building automation, and March Networks for surveillance—DIBT offers a holistic approach to optimize building efficiency, energy conservation, security, and occupant comfort.
Article of the Week
How Retail Analytics Can Help You Understand Consumer Behavior
Retailers used to make decisions on what to sell, where to put the most demand, how much inventory to carry, and when to change prices primarily based on their gut feelings and intuitions, which had been refined over years of experience. Retailers often pride themselves on their acumen. But, instincts are no longer enough in a sector with thin profit margins. Humans can’t account for all those variables.