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AriBio Licenses Exclusive Marketing Rights for AR1001 for Alzheimer’s Disease in China for $770 Million USD

Retrieved on: 
Sunday, March 24, 2024

AriBio Co., Ltd. (AriBio), announces signing of exclusive marketing rights for AR1001, an investigational drug for early Alzheimer’s disease, in China for up to $770 million USD.

Key Points: 
  • AriBio Co., Ltd. (AriBio), announces signing of exclusive marketing rights for AR1001, an investigational drug for early Alzheimer’s disease, in China for up to $770 million USD.
  • In response to the increasing Alzheimer’s disease population in China, prominent pharmaceutical companies have sought to develop safe and effective oral treatments for Alzheimer’s disease.
  • To date, AriBio has partnered for exclusive marketing rights in South Korea with Samjin Pharmaceutical for 100 billion KRW.
  • And now, the partnership has expanded to China, cumulating to 1.12 trillion KRW (approximately 840 million USD).

SOURCE Global, Microsoft Collaborate to Help Provide Clean Drinking Water in Navajo Nation

Retrieved on: 
Friday, March 22, 2024

SOURCE Global, PBC and Microsoft today announced an initiative to provide 100 Navajo Nation families with SOURCE Hydropanel drinking water systems.

Key Points: 
  • SOURCE Global, PBC and Microsoft today announced an initiative to provide 100 Navajo Nation families with SOURCE Hydropanel drinking water systems.
  • An estimated 30 percent of Navajo Nation residents — about 70,000 people — don’t have access to clean, safe drinking water.
  • Access to clean drinking water is not just an issue reserved for developing nations, more than 2M Americans lack access to clean water in their home.
  • “Microsoft’s Climate innovation Fund was launched in 2020 to address climate-related challenges like water access,” said Eliza Roberts, Water Lead at Microsoft.

Bristol Myers Squibb Expands Health Equity Grant Initiatives to Improve Health Outcomes

Retrieved on: 
Tuesday, March 26, 2024

Bristol Myers Squibb (NYSE: BMY) today unveiled a $1.8 million initiative to advance health equity by addressing social determinants of health (SDoH) in four countries with underserved patient needs, including Brazil, India, Thailand, and the United Kingdom.

Key Points: 
  • Bristol Myers Squibb (NYSE: BMY) today unveiled a $1.8 million initiative to advance health equity by addressing social determinants of health (SDoH) in four countries with underserved patient needs, including Brazil, India, Thailand, and the United Kingdom.
  • The new health equity grants are an extension of the company’s broader long-term commitment to invest $150M in health equity by 2025 .
  • At Bristol Myers Squibb, health equity is the opportunity for all people and communities across the globe to attain their full potential for health and well-being.
  • Our work extends beyond traditional healthcare boundaries, emphasizing the importance of community voices and cross-sector partnerships in co-creating solutions that drive meaningful and equitable health outcomes worldwide.

Advanced Drainage Systems Marks World Water Day by Highlighting Importance of Stormwater Management

Retrieved on: 
Friday, March 22, 2024

Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and wastewater industries, is using this year’s World Water Day (March 22) to emphasize the need for effective stormwater management and the importance of properly managing the entire lifecycle of a raindrop.

Key Points: 
  • Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and wastewater industries, is using this year’s World Water Day (March 22) to emphasize the need for effective stormwater management and the importance of properly managing the entire lifecycle of a raindrop.
  • This is a message that is resonating as more Americans are growing worried about ineffective stormwater management.
  • The survey also found that many U.S. adults believe the impact of climate change is outpacing current stormwater management practices.
  • Additionally, 43% of respondents expressed concern that stormwater management in their area is not keeping up with climate changes, emphasizing the need for stronger and more sustainable water management practices.

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

Retrieved on: 
Thursday, March 21, 2024

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points: 
  • FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
  • Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
  • The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
  • FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

Hotel Association of Los Angeles Appoints Jackie Filla As New President and CEO

Retrieved on: 
Monday, March 18, 2024

The Hotel Association of Los Angeles (HALA) announced today that Dr. Jackie Filla has been appointed the new President and CEO of the organization.

Key Points: 
  • The Hotel Association of Los Angeles (HALA) announced today that Dr. Jackie Filla has been appointed the new President and CEO of the organization.
  • A seasoned leader with a rich and diverse professional background, Jackie will succeed Heather Rozman and will assume the role on March 25, 2024.
  • She recently served as a Research Director in the Office of Los Angeles County’s CEO and was a long-serving L.A. City Commission President under Mayors Eric Garcetti and Karen Bass.
  • Dr. Filla received a BA from California State University, Fullerton; an MA from University of California, Riverside; and a PhD from University of California, Riverside.

UK Broadband Service Providers: Are You Ready for a New Switching Process?

Retrieved on: 
Monday, March 18, 2024

During the session, “Change is Coming: How to Prepare Your Organization for the UK’s New Era of Broadband Switching,” David Wilson, Vice President of Global Sales for iconectiv UK Limited, will examine how service providers can ready their organization for UK broadband switching.

Key Points: 
  • During the session, “Change is Coming: How to Prepare Your Organization for the UK’s New Era of Broadband Switching,” David Wilson, Vice President of Global Sales for iconectiv UK Limited, will examine how service providers can ready their organization for UK broadband switching.
  • Provide insights into what should be on service providers’ TOTSCo broadband switching checklist and best practices for ensuring a seamless transition.
  • As a registered Managed Access Provider with TOTSCo, iconectiv UK Limited provides UK Communications Providers with the flexibility they need to help them meet the requirements for today’s residential broadband market.
  • iconectiv UK Limited has extensive expertise and history of developing, deploying, implementing and managing communications service-switching gateways on five continents supporting nearly 5,000 customers.

TechnipFMC Selected by Northern Endurance Partnership to Deliver the First All-Electric iEPCI™ for Carbon Capture and Storage

Retrieved on: 
Friday, March 15, 2024

TechnipFMC (NYSE: FTI) (the “Company”) has been selected to deliver the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies.

Key Points: 
  • TechnipFMC (NYSE: FTI) (the “Company”) has been selected to deliver the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies.
  • The NEP is building carbon dioxide transportation and storage infrastructure for carbon capture projects in the United Kingdom’s East Coast Cluster.
  • TechnipFMC will use its integrated Engineering, Procurement, Construction, and Installation (iEPCI™) execution model to deliver this project.
  • The Company’s all-electric solution will collect and feed the pressurized gas into an aquifer for permanent storage.

Teledyne to Hold Investor Meetings

Retrieved on: 
Friday, March 15, 2024

Teledyne Technologies Incorporated (NYSE:TDY) today announced that Edwin Roks, Chief Executive Officer, and Jason VanWees, Vice Chairman, will be holding investor meetings at the Bank of America Global Industrials Conference on Tuesday, March 19.

Key Points: 
  • Teledyne Technologies Incorporated (NYSE:TDY) today announced that Edwin Roks, Chief Executive Officer, and Jason VanWees, Vice Chairman, will be holding investor meetings at the Bank of America Global Industrials Conference on Tuesday, March 19.
  • Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems.
  • Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the future.
  • Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.

TurnOnGreen Expands Electric Vehicle Charging Infrastructure Across Select Tenet Health Facilities

Retrieved on: 
Friday, March 15, 2024

TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), today announced the continued expansion of the Company’s electric vehicle (“EV”) charging infrastructure across select Tenet Health (“Tenet”) properties in California.

Key Points: 
  • TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), today announced the continued expansion of the Company’s electric vehicle (“EV”) charging infrastructure across select Tenet Health (“Tenet”) properties in California.
  • In exchange for these responsibilities, TurnOnGreen will retain a percentage of recurring charging revenues for the duration of the contract and any extensions.
  • Hi-Desert Medical Center, located in Joshua Tree California, is the second Tenet facility at which TurnOnGreen will install and operate EV charging infrastructure under the SLA.
  • “We are thrilled to work with Tenet Health facilities to provide their physicians, nurses, and healthcare workers access to affordable, dependable EV charging services while at work,” said TurnOnGreen President Marcus Charuvastra.