PanTher Therapeutics, a pioneer in localized cancer treatment, has announced the appointment of John Edwards as the Executive Chair of its Board of Directors. Edwards, a seasoned biopharmaceutical executive with over 35 years of experience, is recognized for his role in the development and commercialization of ten FDA-approved biologics and his leadership in eight biotech…
Cloudflare acquires Baselime, a trailblazer in cloud-native observability solutions
Cloudflare, Inc. (NYSE: NET) has announced the acquisition of Baselime, a trailblazer in cloud-native observability solutions. This acquisition marks Cloudflare’s ambitious entry into a new domain, aiming to address the inherent challenges of serverless application observability. Serverless computing has revolutionized the way applications are built, offering a scalable infrastructure without the hassle of management. However,…
NGL Energy Partners has sold New Mexico Ranches for $70 million
NGL Energy Partners LP (NYSE:NGL) has successfully completed the divestiture of its North and South Ranches located in the heart of the Delaware Basin, New Mexico. The transaction, which involved approximately 122,250 acres of combined ranch land, has generated proceeds of around $70 million, inclusive of working capital. This sale marks a significant milestone for…
Infleqtion appoints Matthew Kinsella as new CEO
Infleqtion, a pioneer in quantum information technology, has announced Matthew Kinsella as its new Chief Executive Officer. Kinsella, succeeding Scott Faris who is shifting his focus to policy and investments, brings a wealth of experience from Maverick Ventures, an early investor in Infleqtion where he served as a senior managing director. Cathy Lego, Chair of…
Hitachi Energy contracted to enhance UK’s renewable energy flow
LONDON: Hitachi Energy has secured a contract from SP Energy Networks to engineer and implement a pioneering power quality solution. This initiative is set to revolutionize the stability of the power grid and significantly increase the transmission of renewable energy from Scotland to England. SP Energy Networks, which operates the electricity network for Central &…
CRH has acquired BoDean Company Inc. and Northgate Ready Mix
CRH has announced the acquisition of BoDean Company Inc. and Northgate Ready Mix, LLC, marking the company’s first foray into the Californian market. This move is set to bolster CRH’s capacity to offer comprehensive solutions to the burgeoning Northern California market. The integration of these two companies enhances CRH’s presence in the Western United States…
Bancorp 34 CEO Jim Crotty resigns, Ciaran McMullan becomes new chief
Bancorp 34, Inc., the holding company for Southwest Heritage Bank, has announced the resignation of its Chief Executive Officer, Jim Crotty, effective April 1, 2024. Jim Crotty, who has been at the helm since 2020, is credited with leading the company through substantial growth, culminating in a merger with CBOA Financial, Inc. and an expansion…
Juuso Heinilä appointed new CEO of Finnvera plc
LONDON: The Board of Directors of Finnvera plc has appointed M.Sc. (Tech.), M.Sc. (Econ.) Juuso Heinilä CEO of the company as of 1 June 2024. Heinilä has been working at Finnvera since 2016. Currently, he acts as Executive Vice President responsible for SME and midcap financing at Finnvera. Before this, he had worked as regional…
Arch Insurance to acquire Allianz’s U.S. MidCorp and Entertainment Divisions for $450m
Arch Insurance North America, a subsidiary of Arch Capital Group, has announced a definitive agreement to purchase the U.S. MidCorp and Entertainment insurance operations from Allianz Global Corporate & Specialty SE (AGCS). The deal, valued at $450 million in cash, will also include a selection of specialty insurance programs. The acquisition encompasses businesses currently underwritten…
Obsidian Therapeutics secures $160.5 million in oversubscribed Series C Funding
CAMBRIDGE: Obsidian Therapeutics, Inc., a trailblazer in engineered cell and gene therapies, has successfully completed a $160.5 million Series C financing round. This round was notably oversubscribed and led by Wellington Management, a new investor in the company. The funding round saw participation from a host of new investors, including Foresite Capital, Janus Henderson Investors,…
Ingka Group explores renewable energy investments in Asia
Ingka Group, the principal owner of IKEA stores globally, is exploring its first renewable energy investment opportunities in South Korea and Japan. The company’s investment arm, Ingka Investments, has identified offshore wind as a particularly promising option for these markets. Peter van der Poel, Managing Director of Ingka Investments, shared with Reuters that while the…
Apple supplier Foxconn posts 11.8% increase in revenue
Hon Hai Precision Industry Co Ltd, as Foxconn is formally known, reported a robust T$447.54 billion ($13.96 billion) in revenue last month, marking an 11.8% increase from the previous year and the second-highest figure for the period on record. However, the first quarter witnessed a 9.6% decline in revenue year-on-year, totaling T$1.322 trillion, which did…