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Industry Focus Areas, Medical

Abbott to acquire mitral valve device maker Cephea Valve Tech

January 16, 2019

Via: Mass Device

Abbott (NYSE:ABT) said today that it plans to acquire mitral heart valve replacement tech developer Cephea Valve Technologies for an undisclosed amount. The Chicago-area healthcare giant backed the Santa Clara, Calif.-based valve company in July 2015 and secured an option […]


Industry Focus Areas, Logistics, Medical, Process

What’s ahead for the drug delivery market in 2019?

January 15, 2019

Via: Mass Device

What were the trends that drove the biopharma and drug delivery markets in 2018? Many of 2018’s key trends revolved around increasing regulatory requirements. However, as the market continues to move toward more personalized medicine, such as cell and gene […]


Regulations

GE Didn’t Deliver on Jobs. Now, France Wants Up to $60 Million

January 15, 2019

Via: Industry Week

Four years ago, General Electric Co. (IW 500/6) made a commitment to win France’s approval to buy Alstom SA’s energy business: It would create jobs or pay a hefty fine. The Boston-based company pledged it would add 1,000 positions in […]


Industry Focus Areas, Motorized Vehicle, Process, Production

Volkswagen to invest $800 million, build new electric vehicle in U.S.

January 14, 2019

Via: Reuters

The German automaker, in an announcement at the Detroit Auto Show, said it is adding 1,000 new jobs and that electric vehicle production in Tennessee will begin in 2022. German automakers have been under pressure from U.S. President Donald Trump […]


Aerospace & Defense, Industry Focus Areas

Musk’s SpaceX Laying Off 10% of Workforce

January 14, 2019

Via: Industry Week

SpaceX is taking the ax to its headquarters in California. Hours after launching its first rocket of the new year on Friday morning, the Elon Musk-led company told employees that roughly 10% of SpaceX’s workforce would be laid off. Stunned […]


Process, Production

Apple cuts current-quarter production plan for new iPhones by 10 percent: Nikkei

January 9, 2019

Via: Reuters

That rare forecast cut exposed weakening iPhone demand in China, the world’s biggest smartphone market, where a slowing economy has also been buffeted by a trade war with the United States. Many analysts and consumers have said the new iPhones […]


Regulations

Exclusive: New documents link Huawei to suspected front companies in Iran, Syria

January 8, 2019

Via: Reuters

U.S. authorities allege CFO Meng Wanzhou deceived international banks into clearing transactions with Iran by claiming the two companies were independent of Huawei, when in fact Huawei controlled them. Huawei has maintained the two are independent: equipment seller Skycom Tech […]


Process, R&D

The future of the manufacturing industry: Technology trends for 2019 and beyond

January 7, 2019

Via: Manufacturing Global

2018 has been an exceptional year for investment in the manufacturing sector. From advances in internet of things (IoT) and augmented reality (AR) to growth in virtual reality (VR), 2018 has offered plenty of opportunities for manufacturers to digitally transform […]


Design &Planning, Industry Focus Areas, Motorized Vehicle, Process

Ford plans new wireless tech for cars starting 2022

January 7, 2019

Via: Reuters

Ford Motor Co (F.N) said on Monday it plans to roll out a wireless technology for its new vehicle models in the United States, starting 2022, that will allow direct communication between connected devices. The new technology called C-V2X, or […]


Industry Focus Areas, Logistics, Medical, Process

Analyst downgrades pressure medtech stocks

January 3, 2019

Via: Mass Device

Several medical device companies took hits yesterday after analysts on Wall Street downgraded their stocks, on a day when the major market indices each closed up a hair, and even medtech firms that enjoyed upgrades came under pressure. Globus Medical […]