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…
Rocket Lab Delivers Second, Completes Third for Varda
Rocket Lab USA, Inc, a global leader in launch services and space systems, has successfully delivered its second Pioneer spacecraft to Vandenberg Space Force Base and completed production and testing of a third for Varda Space Industries, Inc. (“Varda”), the world’s first orbital pharmaceutical processing and hypersonic Earth re-entry logistics company.
In Automotive news this week…
aiMotive and Safran Unite for Safer ADAS & AD Development
aiMotive, a leading provider of cutting-edge simulation and AI technologies, has joined forces with Safran Electronics & Defense to advance the testing and validation of automated driving (AD) systems. This collaboration integrates Safran’s industry-leading GNSS simulation technology with aiMotive’s simulation platform, aiSim, to create a robust environment for the development of safer, smarter vehicle technologies.
In BFSI news this week…
Payfare to Be Acquired by Fiserv
Payfare Inc, a leading international Earned Wage Access company powering instant access to earnings and digital banking solutions for workforces, is pleased to announce that it has entered into a definitive arrangement agreement with 1517452 B.C. Ltd. the, an affiliate of Fiserv, Inc. a leading global provider of payments and financial services technology, whereby the Purchaser will acquire the Company, subject to obtaining shareholder and other customary approvals.
In Biotech this week…
Ikena Oncology and Inmagene Biopharma Announce Merger Agreement
Ikena Oncology, Inc, and Inmagene Biopharmaceuticals announced they have entered into a definitive merger agreement. In connection with the merger, Ikena has entered into subscription agreements for a $75 million private placement (the “Financing”) with a syndicate that includes new investors such as Deep Track Capital, Foresite Capital, RTW Investments, and existing Ikena investors such as BVF Partners L.P., Blue Owl Healthcare Opportunities, Omega Funds, and OrbiMed.
In Chemical news this week…
Chroma Color Acquires Spectra Color
Chroma Color Corporation continues to grow its manufacturing footprint along with its portfolio of colorant and additive technologies with its recent acquisition of Spectra Color, Inc, a custom manufacturer of colorants and pre-colored resin compounds. Spectra also manufactures a proprietary resin primarily made from linear low-density polyethylene, predominantly used in the rotational molding industry.
In Defence Technology news this week…
True Anomaly’s Jackal Successfully Launched in Mission X-2
True Anomaly, the defense technology company developing advanced space superiority systems, announced the successful launch and command and control of its Jackal spacecraft. Nine months after its first flight test, the company’s Jackal AOV was successfully deployed into orbit as part of SpaceX’s Bandwagon-2 rideshare mission from Vandenberg Space Force Base, CA. Mission X-2 (MX-2) will spend the coming months conducting functional testing of Jackal in low Earth orbit while utilizing Mosaic, True Anomaly’s autonomy and mission command and control software platform.
In Energy, Power and Sustainability news this week…
Mauro Atalla Named Trane Technologies CTO & Sustainability Officer
Trane Technologies, a global climate innovator, announced the appointment of Mauro Atalla as Chief Technology and Sustainability Officer, effective January 5, 2025. Atalla will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the product development, innovation and sustainability strategies for Trane Technologies globally.
In Logistics and Supply Chain this week…
E2open Appoints Pawan Joshi as CSO & Rachit Lohani as CPTO
E2open Parent Holdings, Inc, the connected supply chain SaaS platform with the largest multi-enterprise network, announces the promotion of Pawan Joshi to chief strategy officer (CSO), a new executive role responsible for driving corporate strategy and growth through strategic client engagement and break-through innovation. E2open also welcomes Rachit Lohani as chief product and technology officer (CPTO), a new executive role bringing together product management, engineering, and technology.
In Retail this week…
365 Retail Markets Names Anton Rakushkin CTO, Bill Reidy VP
365 Retail Markets, the global leader in unattended retail technologies, announced the appointment of Anton Rakushkin as Chief Technology Officer and Bill Reidy as VP of Sales for North America. These strategic hires come as two long-time leaders, Joe Rogan and John Chidiac, retire after years of dedicated service to the company.
In Semiconductor & Electronics this week…
Sensata Technologies Appoints Stephan von Schuckmann as CEO
Sensata Technologies, a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices used in mission-critical systems to help its customers address increasingly complex engineering and operating performance requirements, announced that its Board of Directors has appointed Stephan von Schuckmann as its new Chief Executive Officer (“CEO”) effective January 1, 2025. Mr. von Schuckmann will also become a member of the Board at that time.