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…
NASA Administrator Names New Head of Space Technology
Dr. Kurt “Spuds” Vogel will serve as the new associate administrator of the Space Technology Mission Directorate at the agency’s headquarters in Washington, NASA Administrator Bill Nelson announced Tuesday. His appointment is effective immediately.
In Agritech news this week…
Ever.Ag, a leader in agribusiness solutions, is excited to announce the acquisition of AgencyRoot, a software platform built for the agri-food sector, designed for crop insurance agents. This acquisition signifies Ever.Ag’s commitment to enhancing its presence in the crop insurance sector by providing agents with innovative and user-friendly technology.
In Automotive news this week…
The Next Generation of OEM Telematics with Fleet Complete and Mobilisights Data Platform Integration
Fleet Complete, a global leader in connected fleet management solutions, is pleased to announce the launch of its original equipment manufacturer (OEM) telematics data support for Stellantis connected vehicles, the automaker behind iconic brands like Dodge, Ram, Jeep and Chrysler, through Mobilisights, the Stellantis Data as a Service Company.
In BFSI news this week…
Valérie Urbain to succeed Lieve Mostrey as CEO of Euroclear
Euroclear is pleased to announce that Valérie Urbain has been selected by the Board as the successor to Lieve Mostrey as its Group Chief Executive Officer (CEO). Having now received the relevant regulatory approvals, Lieve Mostrey and Valérie Urbain will ensure a smooth and orderly transition period until the renewal of the Euroclear Board member mandates at the General Meeting on 3 May 2024. Thereafter, Valérie Urbain will become the Group CEO.
In Biotechnology news this week…
KBI Biopharma, Inc., a cGMP-compliant Contract Development and Manufacturing Organization of JSR Life Sciences ). Manufacturing Services, Inc. is a cGMP compliant Contract Manufacturing Organization serving the biopharmaceutical and diagnostics industries. The two parties announced a strategic alliance to provide biopharmaceutical customers with end-to-end drug substance and drug product manufacturing solutions
In Chemicals this week…
M2X Energy, a startup company with process technology that converts stranded natural gas into low-carbon methanol, and SCG Chemicals (SCGC), a leading petrochemicals company that is committed to developing sustainable chemicals and clean energy solutions, have strengthened their existing relationship by announcing a joint development program to optimize key chemical transformations within M2X’s modular process.
In Defence Technology news this week…
Amentum was awarded a $946 million contract to provide complete system maintenance and modernization solutions for the U.S. Army’s government-owned fixed wing transport aircraft fleet. Leveraging advanced technologies and best practices, the company will provide life-cycle transport aircraft system modernization, integration, logistical and operational solutions, as well as pilot services and management processes.
In Energy, Power and Sustainability news this week…
Honeywell And Nxp Semiconductors Collaborate To Help Enhance Building Energy Management
Honeywell and NXP Semiconductors N.V., announced at CES 2024 that they have signed a Memorandum of Understanding (MOU) to help optimize the way commercial buildings sense and securely control energy consumption. According to the International Energy Agency (IEA), buildings’ operations contribute to 30% of global final energy consumption and 26% of global energy-related emissions, so decisions made today will significantly impact future energy use and potential savings.
In Food & Beverage this week…
Stew Leonard’s Expands Partnership with Invafresh for Improved Operational Visibility
Invafresh, the industry leading fresh grocery platform, announced that family owned and operated farm fresh food store Stew Leonard’s has expanded its relationship to include Recipe Management capabilities. By leveraging Invafresh’s Recipe Management capabilities, Stew Leonard’s chefs will have the freedom to introduce new recipes to the store’s 20 million annual customers, while ensuring consistency across seven kitchens.
In Healthcare this week…
VMG Health Acquires Compliance Risk Analyzer from DoctorsManagement
VMG Health, a leading full-service healthcare compliance, strategy, and transaction advisory firm, is pleased to announce it has acquired Compliance Risk Analyzer (CRA) from DoctorsManagement. VMG Health is owned by VMG Health employees and Northlane Capital Partners. NCP invested in VMG Health in March 2020.
In Information Technology this week…
NCR Voyix Corporation, a leading global platform and provider of digital commerce solutions for the retail, restaurant and banking industries, and the world’s largest self-checkout vendor, announced the launch of its Next Generation Self-Checkout Solution powered by NCR Voyix Commerce Platform.
In Internet Of Things (IOT) this week…
The Next Generation of OEM Telematics with Fleet Complete and Mobilisights Data Platform Integration
Fleet Complete, a global leader in connected fleet management solutions, is pleased to announce the launch of its original equipment manufacturer (OEM) telematics data support for Stellantis connected vehicles, the automaker behind iconic brands like Dodge, Ram, Jeep and Chrysler, through Mobilisights, the Stellantis Data as a Service Company.
In Logistics and Supply Chain this week…
Viewpoint, the renowned educational program hosted by actor Dennis Quaid, is excited to announce its partnership with GPX Intelligence LLC to produce a compelling new episode that delves into the history of supply chain management and the transformative impact of new technologies. Filmed on November 29th, 2023, and scheduled for release in 2024, the segment features key interviews from the GPX team, discussing how their cutting-edge platform is enhancing accuracy and transparency across multiple sectors.
In Materials this week…
Dayrize, a climate-tech company that provides product-level environmental and social impact intelligence and Avery Dennison, a global leader in material science and digital identification solutions, announced a partnership that will allow companies to measure and track the impact of billions of products through their lifecycle on Avery Dennison’s atma.io platform, communicate the environmental impact to consumers in an effective way, and ultimately build more sustainable products.
In Medical Devices this week…
CardioFocus Acquires Electrophysiology Division of Galvanize Therapeutics
CardioFocus, Inc., a medical device company dedicated to advancing ablation treatment for cardiac arrythmias, announced the acquisition of Galvanize Therapeutics’ Electrophysiology Technology division. Notable assets included in the acquisition are the CENTAURI System pulsed electric field generator, which is CE marked and commercially available in the EU and the UK, and the QuickShot™ catheter ablation system, currently in development.
In Retail this week…
Liverpool, a leading retailer operating the largest chain of department stores in Mexico, has chosen RELEX Solutions, provider of unified supply chain and retail planning solutions, to enhance their operational processes for replenishing internal supplies. RELEX will serve Liverpool’s distribution center and 125 stores across Mexico, optimizing inventory, increasing availability, and improving working capital and replenishment efficiency.
In Semiconductor & Electronics this week…
Lg Opens First U.s. Factory To Produce Advanced Ev Chargers
Global innovator LG Electronics has opened its first factory in the United States for assembling electric vehicle charging stations. Located in Fort Worth, Texas, the new EV charger production factory will create new jobs and support the growth of America’s EV charging infrastructure. Commemorating LG’s entry into the U.S. EV charger market, Fort Worth Mayor Mattie Parker and other officials cut the ribbon at the new plant, joining LG Electronics senior executives Alec Jang, President of the LG Electronics Business Solutions Company; H.K. Suh, head of LG’s EV Charging business division; and Nicolas Min, President of LG Business Solutions USA.
Article of the Week
Data Monetization Revolution: Turning Information into Income
People are captivated by the allure of hidden treasure, whether it’s priceless paintings in dusty attics or valuable antiques in charity shops. However, from a corporate standpoint, the real hidden wealth lies in data monetization. Many companies possess millions if not billions of dollars in unacknowledged value within their organizations—value that goes beyond art or antiques and is rooted in data. In today’s business landscape, data stands out as one of the most valuable corporate assets. Despite this, a majority of companies overlook its potential and fail to capitalize on it. This article aims to guide you in unlocking the untapped value of your data through effective strategies.