Innovation

GHIT Fund Invests About JPY 140 Million In Portable Rapid Diagnostic System For Ebola Disease

By Amit Chowdhry ● Yesterday at 2:32 PM

The Global Health Innovative Technology Fund announced an investment of approximately JPY 140 million, or roughly USD 862,000, in a project to develop a portable rapid diagnostic system for Ebola disease. The system is being jointly developed by Osaka Metropolitan University, K.K. DNAFORM, and the National Institute for Biomedical Research of the Democratic Republic of the Congo, with the goal of advancing diagnostic technologies for outbreaks caused by the Bundibugyo virus in the Democratic Republic of the Congo and Uganda.

First Choice Healthcare Solutions And Westin Acquisition Announce Business Combination Agreement

By Amit Chowdhry ● Yesterday at 2:30 PM

First Choice Healthcare Solutions announced it has entered into a definitive merger agreement with Westin Acquisition Corp, a special purpose acquisition company, in a transaction expected to accelerate First Choice's rebrand to Wellgevity 360, a healthcare and wellness platform focused on longevity, preventative care, and personalized, biology-driven treatment. The transaction values First Choice at a pro forma enterprise value of approximately $650 million.

Liberty Energy And PowerBridge Form Strategic JV To Support Powered Data Center Campus Development

By Amit Chowdhry ● Yesterday at 2:28 PM

Liberty Energy Inc. and PowerBridge LLC announced the formation of a strategic joint venture combining PowerBridge's digital campus development assets with the power generation and energy management capabilities of Liberty Power Innovations, a Liberty Energy company. The joint venture's current scope is focused on supporting a planned 2 gigawatt powered data center campus in West Texas, with an eye toward future opportunities across PowerBridge's broader portfolio of gigawatt-scale powered campus developments.

Battery Mineral Resources’ ESI Subsidiary Secures Strategic Financing With JPMorgan Chase

By Amit Chowdhry ● Yesterday at 2:26 PM

Battery Mineral Resources announced that its wholly owned subsidiary, ESI Energy Services, operating under the brand Ozzies, has completed a new senior secured financing arrangement with JPMorgan Chase Bank. The financing establishes a new long-term banking relationship for ESI and strengthens its capital structure.

Nona Biosciences Enters Research Collaboration With Medical University Of Vienna

By Amit Chowdhry ● Yesterday at 2:25 PM

Nona Biosciences announced a research collaboration with the Medical University of Vienna, granting the inter-university Ignaz Semmelweis Institute access to Nona's proprietary H2L2 Harbour Mice transgenic mouse technology platform to support antibody research for infectious diseases. The H2L2 Harbour Mice platform uses genetically modified mice that produce antibodies with fully human structures following immunization.

Knot Expands Into Canada And Partners With RBC

By Amit Chowdhry ● Yesterday at 2:23 PM

Knot, a merchant connectivity platform, announced a partnership with RBC, Canada's largest bank, marking the company's first expansion beyond the United States. Through Knot's CardSwitcher technology, RBC cardholders can set their RBC card as the default saved payment method at their favorite merchants directly from the RBC mobile app, without manually entering card details at each site.

AXT: Jia-Bin Duh Appointed To Board Of Directors

By Amit Chowdhry ● Yesterday at 1:38 PM

AXT announced the appointment of Jia-Bin Duh to its Board of Directors, effective July 16, 2026, expanding the board from five to six directors. Duh brings more than 30 years of senior executive and investor experience across the technology and consumer sectors, with deep expertise in Greater China markets.

Gentherm Acquires Innovative Medical Equipment, Strengthening Medical Product Portfolio

By Amit Chowdhry ● Yesterday at 1:36 PM

Gentherm announced it has acquired Innovative Medical Equipment, LLC, a Cleveland-area provider of the ThermaZone thermal therapy device, in a move the company said supports its strategy to strengthen its Medical business. ThermaZone is a non-opioid thermal therapy solution designed to support pain management and recovery through controlled hot-and-cold therapy.

Allianz To Acquire HSBC Life Singapore

By Amit Chowdhry ● Yesterday at 11:39 AM

Allianz Group announced it has agreed to acquire HSBC Life Singapore through its subsidiary Allianz Asia Holding, alongside a new 15-year exclusive distribution partnership with HSBC Bank Singapore. The combined consideration for both agreements totals 2.0 billion euros, with Allianz expecting a double-digit return on investment in the mid-term. The acquisition is expected to close in the first half of 2027, subject to regulatory approval.

Intel Forecasts Strong Third-Quarter Revenue As AI Infrastructure Demand Drives Growth

By Amit Chowdhry ● Yesterday at 11:35 AM

Intel reported second-quarter 2026 revenue of $16.1 billion, up 25% year over year, marking what CEO Lip-Bu Tan called the company's strongest revenue growth in more than fifteen years. The company forecast third-quarter 2026 revenue of $15.8 billion to $16.8 billion, above Wall Street expectations, and raised its 2026 capital expenditure estimate to $20 billion from $18 billion. The improved outlook reflects growing adoption of Intel's data center CPUs by customers building AI infrastructure.

Prairie Operating Co. Announces Appointment Of Jennifer M. Grigsby To Board Of Directors

By Amit Chowdhry ● Yesterday at 11:31 AM

Prairie Operating Co. announced the appointment of Jennifer M. Grigsby to its Board of Directors, while Stephen Lee has stepped down from the board to focus on his growing responsibilities at Renewa.

CrowdStrike And Cerebras Partner To Power Falcon AIDR

By Amit Chowdhry ● Yesterday at 11:29 AM

CrowdStrike and Cerebras Systems announced a strategic partnership under which CrowdStrike will use Cerebras's inference speed to help power Falcon AI Detection and Response, while Cerebras standardizes on the CrowdStrike Falcon platform to secure its own business.

Prequel Appoints Beauty Industry Leaders Nathalie Kristo As CEO And Toral Patel As CMO

By Amit Chowdhry ● Yesterday at 11:14 AM

Prequel Skin, the dermatologist-developed skincare brand founded by board-certified dermatologist Dr. Samantha Ellis, announced the appointment of beauty industry veterans Nathalie Kristo as Chief Executive Officer and Toral Patel as Chief Marketing Officer, forming an all-female leadership team as the brand accelerates into its next phase of growth.

Verizon Signs Deal With Google Worth Over $1 Billion

By Amit Chowdhry ● Yesterday at 10:54 AM

Verizon has secured a deal with Google valued at more than $1 billion to provide dark fiber connectivity for the search giant's data centers said CEO Dan Schulman. Schulman disclosed the agreement during Verizon's post-earnings call, following the company's report of record second-quarter 2026 results.

WSP Confirms $56 Billion Non-Binding Proposal To Acquire Arcadis

By Amit Chowdhry ● Yesterday at 10:50 AM

WSP Global confirmed it has submitted a revised non-binding indicative proposal to acquire all outstanding shares of Arcadis N.V. for EUR 51.50 per ordinary share, up from an initial EUR 48.50 per share offer submitted on July 1, 2026, which Arcadis rejected on July 14. The offer represents a premium of approximately 45.8 percent over Arcadis' unaffected closing share price on July 22.

Merck Announces Initial Access Plans For Alimatravir, Investigational Once-Monthly Oral HIV Pre-Exposure Prophylaxis

By Amit Chowdhry ● Yesterday at 10:49 AM

Merck announced early components of a strategy to provide access in low- and middle-income countries to alimatravir, an investigational once-monthly oral pill being developed as pre-exposure prophylaxis for HIV-1, if approved. The plan includes early generic licensing covering 129 countries, support for regional manufacturing in Africa and Latin America, and early investment in product manufacturing, with the initial steps announced ahead of the 26th International AIDS Conference in Rio de Janeiro.