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…
Leidos’ Lonestar program comes to successful close
Leidos, a Fortune 500® science and technology company, announced the successful completion of the Lonestar tactical space support vehicle’s on-orbit demonstration. Lonestar, a technology demonstrator designed to provide space-based situational awareness directly into the hands of the tactical warfighter, launched on July 1, 2022, from the Mojave Air and Space Port.
In Automotive news this week…
Alpha and Omega Semiconductor Limited, a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules, announced the release of its state-of-the-art automotive TO-Leadless (TOLL) package for the company’s automotive grade 80V and 100V MOSFETs.
In BFSI news this week…’
OneStream Software, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, has been recognized for the second consecutive year as a Leader in the Gartner Magic Quadrant for Financial Planning Software. Gartner evaluated 16 financial planning software providers based on their Ability to Execute and Completeness of Vision and placed OneStream in the Leaders Quadrant.
In Biotechnology news this week…
Arbor Biotechnologies, Inc., a biotechnology company discovering and developing the next generation of genetic medicines, announced a collaboration with Ginkgo Bioworks, which is building the leading platform for cell programming and biosecurity, to leverage Ginkgo’s comprehensive Codebase and automated Foundry to jointly optimize Arbor’s novel precision editors.
In Defence Technology news this week…
True Anomaly Raises $100 Million in Series B Funding to Further Accelerate Growth
True Anomaly, Inc., the technology company developing advanced hardware and software systems to ensure the sustainable security of space, announced it has closed a $100M Series B equity raise. The round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures. This financing enables continued investment in people, products, and services to further advance True Anomaly’s mission.
In Energy, Power and Sustainability news this week…
Aggreko, the global leader in energy solutions, announced that the company’s Energy Transition Solutions division acquired a portfolio of nine community solar projects in the state of New York. The ground-mounted installations will total approximately 59 MW of generating capacity when construction of the projects is complete. Along with closing on the acquisition, on November 29 Aggreko ETS successfully connected the first of the nine projects to the grid, a 5.9 MWdc project in the town of Vernon, 40 miles east of Syracuse.
In Healthcare this week…
A new Wolters Kluwer Health survey, Generative AI in Healthcare: Gaining Consumer Trust, reveals one of the biggest concerns Americans have about generative AI in healthcare is not knowing where the medical information being used came from or how it is validated.
In Information Technology this week…
In Internet Of Things (IOT) this week…
LocatorX Announces Intelligent IoT Platform Availability on Salesforce AppExchange
LocatorX announced it has launched LocatorX for Salesforce on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers to take global, real-time tracking and tracing of products and assets to the next level. The intelligent IoT platform provides a unique digital fingerprint to all assets in the product lifecycle, supply chain and beyond, giving a true 360-degree view of the individual product and/or asset.
In Logistics and Supply Chain this week…
DP World, Canary Media Explore Electric Vehicle Supply Chain Dynamics
Growing demand for electric vehicles is reshaping manufacturing supply chains, according to a new report by DP World and Canary Media’s Canary Creative. “Navigating the Opportunities and Challenges of an Electric Vehicle-Centric Manufacturing Supply Chain” offers an analysis of the rapidly evolving landscape of the automotive industry as it transitions towards electric vehicles (EVs).
In Retail this week…
Attentive Drives Strong Momentum with 80% of Customers Now Using Its AI Solutions
Attentive, the world’s #1 conversational marketing platform, announced its continued momentum behind its AI strategy. Since officially launching its first AI solutions in March 2023, already 80% of Attentive customers are using AI, including Hot Topic, ba&sh, and DIFF Eyewear.
In Semiconductor & Electronics this week…
Nextracker, announced that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global’s 25th Annual Platts Global Energy Awards. Judges selected Mr. Shugar for his leadership and contributions to industry-critical solar technology innovation supporting the global energy transition to more reliable, secure, and cleaner energy.
In MEDICAL DEVICES this week…
AMETEK Completes Acquisition of Paragon Medical
AMETEK, Inc., announced that it has completed its acquisition of Paragon Medical, a leading provider of highly engineered medical components and instruments, from affiliates of American Securities LLC, in an all-cash transaction valued at approximately $1.9 billion.
Article of the Week
The Hydropower Revolution: Breaking Waves in Renewable Energy
Imagine chilling by a waterfall, water gushing over rocks, and a refreshing mist showering you. Now, that’s not just beautiful but powerful too. The flowing water holds a ton of energy, and guess what? We can tap into that energy using hydroelectric power, or simply put, hydropower. It’s like magic—channeling the water through turbines to turn its energy into electricity that lights up our homes and factories.