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…
RTX provides Blue Canyon Satellites for NASA Polar climate mission
RTX‘s small satellite manufacturer and mission services provider, Blue Canyon Technologies, has established communication with both CubeSats for the NASA PREFIRE (Polar Radiant Energy in the Far InfraRed Experiment) mission. The PREFIRE mission will measure the amount of heat Earth emits into space from the Arctic and Antarctic
In Automotive news this week…
Factorial Delivers B-Samples of Lithium-Metal Solid-State Battery Cells to Mercedes-Benz
Factorial Inc. (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, announced the delivery of B-samples of its 106+Ah lithium-metal solid-state battery cells to Mercedes-Benz as part of their ongoing joint development agreement. This milestone marks the world’s first announced B-sample shipment of solid-state battery cells to a global automotive OEM, showcasing progress toward product maturity and the series production of passenger EVs equipped with Factorial’s solid-state battery technology.
In BFSI news this week…
Nium Raises US$50 Million in Series E Round to Expand Real-Time Payments Global Infrastructure
Nium, the global leader in real-time cross-border payments, announced it has raised US$50 million in a Series E funding round. The round was led by a sovereign wealth fund in Southeast Asia and values the company at US$1.4 billion post-money. The sovereign wealth fund joins other newly added investors from Nium’s prior funding round, including BOND, NewView Capital, and Tribe Capital.
In Biotech this week…
Relay Therapeutics Announces Clinical Trial Collaboration with Pfizer to Evaluate Atirmociclib in Combination with RLY-2608
Relay Therapeutics, Inc., a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies, today announced a clinical trial collaboration with Pfizer Inc. to evaluate atirmociclib, Pfizer’s investigative selective-CDK4 inhibitor, in combination with RLY-2608 and fulvestrant in patients with PI3Kα-mutated, HR+, HER2- metastatic breast cancer.
In Defence Technology news this week…
BAE Systems electronic warfare pods to protect U.S. Navy P-8A Poseidon aircraft
BAE Systems received a $95 million contract from the U.S. Navy for advanced countermeasure pods to protect the P-8A Poseidon Multi-Mission Maritime Aircraft from missiles and other threats. The electronic warfare (EW) pod detects and counters inbound threats, protecting the Poseidon and its crews, and expanding the aircraft’s operating range in contested environments.
In Energy, Power and Sustainability news this week…
First Solar becomes the Solar Industry’s First EPEAT Climate+ Champion, Setting Global Standard for Ultra-Low Carbon Solar
First Solar, Inc. announced that its Series 6 Plus and Series 7 TR1 products are the world’s first photovoltaic (PV) solar modules to achieve the EPEAT Climate+ designation, establishing a new benchmark for the solar technology and manufacturing industry. EPEAT is a globally recognized ecolabel that includes independent validation and allows for the easy identification of environmentally preferable products from socially responsible companies.
In Food & Beverage this week…
GrubMarket Releases AI Orders to Strengthen its Position as the Enterprise AI Provider for the American Food Supply Chain
GrubMarket, the enterprise AI solutions provider for the American food supply chain, announced the launch of AI Orders, an AI-powered, automated order processing module designed to transform how food wholesalers and distributors receive incoming orders from their customers. AI Orders will be offered as part of GrubAssist, GrubMarket‘s groundbreaking suite of enterprise AI assistants that empower food supply chain businesses with deep insights, intelligent analysis, and smart, automated workflows.
In Healthcare this week…
Wolters Kluwer adds IV Workflow Management to Simplifi+ Pharmacy Compliance Suite for a complete compounding solution
Wolters Kluwer Health is collaborating with ConsortiEX, a pharmacy software and services company specializing in DQSA compliance, to offer Assure-Trak® IV Workflow Management in the Simplifi+® suite for compounding compliance. As Simplifi+ IV Workflow Management, the integration supports safer end-to-end compliance for compounded medications and more streamlined pharmacy workflows.
In Information Technology this week…
SpendHQ Appoints Madeline O’Phelan as Chief Marketing Officer and Manuel Roger as EMEA Managing Director
SpendHQ, the best-in-class Spend Intelligence and Procurement Performance Management solutions provider, announced the appointment of Madeline O’Phelan as chief marketing officer and Manuel Roger as EMEA managing director. The strategic hires will support SpendHQ’s next phase of growth and innovation to help its customers harness AI’s potential to optimize procurement’s impact and create enterprise-wide value.
In Logistics and Supply Chain this week…
Altana Introduces World’s First Value Chain Management System
Altana introduced the world’s first Value Chain Management System, a massively scalable platform built on the only dynamic, intelligent map of the supply chain that brings together a host of new capabilities that enable customers
In Internet Of Things (IOT) this week…
Blue Diamond Growers Processes About 1 Billion Pounds of Almonds Annually Using Wi-Fi from HPE Aruba Networking
Hewlett Packard Enterprise announced the #1 U.S. consumer brand for almonds and almond milk, Blue Diamond Growers is continuing its 100-year tradition of quality, innovation, and food safety by modernizing its wireless networking infrastructure with an HPE Aruba Networking Wi-Fi 6E-enabled solution.
In Medical Device this week…
Body Vision Medical, a leader in AI-driven, intraoperative image guidance, announced that its LungVision® system has been selected as the winner of the “Best New Technology Solution – Biopsy” award in the 8th annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global digital health and medical technology market.
In Smart Lighting this week…
Aqara Launches Amazon Brand Store in the Netherlands to Broaden Smart Home Accessibility
Aqara, a global leader and pioneer in IoT, announced the debut of its Amazon brand store in the Netherlands. This expansion to the Amazon marketplace marks a significant step in increasing the accessibility of Aqara’s smart home lineup to Dutch consumers. Since opening its first European Amazon brand store in the UK in 2021, Aqara has consistently broadened its reach in the e-commerce marketplace in this region, now including France, Germany, Italy, Spain, Poland, and the Netherlands.
In Retail this week…
Walmart’s Retail Renaissance Brings Better to Life with Innovation, Integrations
At Walmart, the customer has always been at the center of everything. Helping people live better is not a mantra, it’s been part of the company since day one. Today’s customers are tech savvy, with elevated expectations around how, when and where they shop. Walmart is meeting this customer demand with adaptive retail, innovations that intuitively fit into customers’ lives as they seamlessly move across platforms and places.
In Semiconductor & Electronics this week…
Lattice Semiconductor Appoints Esam Elashmawi Interim Chief Executive Officer
Lattice Semiconductor Corporation, the low power programmable leader, announced the appointment of Esam Elashmawi, Chief Marketing and Strategy Officer, as Interim Chief Executive Officer effective immediately. Mr. Elashmawi’s appointment follows the decision by Jim Anderson to step down as President, Chief Executive Officer, and Board member to pursue an opportunity with another company.
Article of the Week
Fourth Party Logistics: Advantages and Disadvantages
Companies that rely on multiple logistics providers seldom integrate. As you’re not ‘under the same roof’, operations can be disconnected, communications can fall through the cracks, and average performance prevails—in short. A way to counteract this is fourth-party logistics (4PL), which is becoming increasingly popular as a solution. 4PLs are full-service and seamless logistics providers and act as the central coordinator of the entire supply chain. They bring together multiple logistics providers, technologies, and workflows under one roof. Let’s take a look.