Amazon Web Services (AWS), an Amazon.com company, is planning to invest $35 billion by 2040 to set up data center campuses across Virginia according to the state’s Governor Glenn Youngkin. The Governor further said that many vicinities in the Commonwealth of Virginia are under consideration and will be decided at a later stage. The proposed investment […]
Swedish-Swiss multinational corporation ABB has agreed to divest its power conversion division to AcBel Polytech, a Taiwan-based switching power supplies manufacturer, in an all-cash transaction valued at $505 million. The transaction marks the final divestment of ABB’s previously announced division portfolio measures. The power conversion division offers end-to-end power conversion solutions for mission-critical applications in […]
Thoma Bravo, through its arm Morpheus Purchaser, will acquire Magnet Forensics, a Canadian digital investigation software company, for an aggregate total equity value of around CAD 1.8 billion ($1.34 billion). The proposed acquisition is expected to help the American software investor create an advanced end-to-end digital investigations platform for public safety agencies globally. Founded in […]
American biotechnology company Seagen (formerly Seattle Genetics) has received accelerated approval from the US Food and Drug Administration (FDA) for the company’s oral drug Tukysa (tucatinib) in combination with trastuzumab. Tukysa in combination with trastuzumab is indicated for the treatment of adult patients with RASwild-type, HER2-positive unresectable or metastatic colorectal cancer, which has advanced following […]
BeiGene has secured the approval of the US Food and Drug Administration (FDA) for the company’s Brukinsa (zanubrutinib) for the treatment of adult patients with chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL). Brukinsa FDA approval is backed by the findings of two global phase 3 clinical trials wherein Brukinsa showed superior efficacy and […]
Abu Dhabi chemicals derivatives company (TA’ZIZ) and Proman, a methanol manufacturer, will develop a methanol production plant at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi, UAE. The proposed plant is said to be the UAE’s first world-scale methanol production facility and decrease the country’s reliance on imports. TA’ZIZ is a […]
BP has revealed plans to assess the feasibility of the construction of an industrial-scale ammonia cracker and utilize repurposed oil/gas facilities to transport hydrogen in Germany. To be situated in Wilhelmshaven, the ammonia cracker is projected to manufacture 130,000 tons per year of low-carbon hydrogen from green ammonia, beginning in 2028. The ammonia cracker converts […]
Campbell Soup is planning to invest around $50 million over the next three years, to consolidate its snacks offices in Charlotte, North Carolina, and Norwalk, Connecticut, into its headquarters in Camden, New Jersey. The proposed consolidation is expected to help the US food processing company realize cost savings starting in the financial year 2024 and […]
Bayer has acquired Blackford Analysis, a Scottish imaging artificial intelligence (AI) platform, to strengthen its footprint in the digital medical imaging market. The acquisition forms part of the German life-science company’s strategy to improve patient care through innovation in radiology, including the development and adoption of AI within the clinical workflow. The financial terms of […]
Shell USA, a subsidiary of Shell plc, will acquire Volta, an American electric vehicle (EV) infrastructure company listed on the New York Stock Exchange (NYSE), for around $169 million in cash to unlock long-term growth opportunities in EV charging. Under the merger agreement, Shell will own Volta’s dual charging and media network. The latter’s shareholders […]