Category: 3. Business

  • Chubb Appoints Bill Hazelton Chief Operating Officer, North America Field Operations

    Chubb Appoints Bill Hazelton Chief Operating Officer, North America Field Operations

    Chubb Appoints Bill Hazelton Chief Operating Officer, North America Field Operations

    NEW YORK, Nov. 18, 2025 /PRNewswire/ — Chubb today announced that Bill Hazelton has been appointed to Chief Operating Officer for North America Field Operations, effective December 1, 2025. 

    In this role, Bill will oversee the delivery of Chubb’s full portfolio of personal and commercial insurance products and services to agent and broker distribution partners through 48 branch offices across North America. 

    He will also assist in the day-to-day management of North America Field Operations, with a specific focus on deepening Chubb’s longstanding relationships with top trading partners, overseeing national distribution management, business development, and Chubb Insurance Solutions Agency Inc., ensuring alignment with strategic deliverables and fostering growth across all business segments. Bill will report to Chris Maleno, Senior Vice President, Chubb Group, Vice Chairman, North America Insurance and Division President, North America Field Operations.

    “We are excited to welcome Bill back to Chubb. He comes to this role with a deep understanding of Chubb’s strong product and service capabilities, along with a deep network within our largest agents and brokers, as well as the unique needs of our clients,” said Maleno. “I am looking forward to working with Bill again as he leverages his expertise to manage and grow our distribution network and maintain Chubb’s top position in North America.”

    Bill brings more than three decades of extensive industry experience in underwriting, claims and distribution partner management to the role. He most recently served as Executive Vice President & President of North America Insurance for Everest Group, Ltd. Prior to that, Bill served more than 18 years with Chubb, holding a variety of roles including Head of North America Industry Practices, Head of North America Claims and leadership roles in Chubb’s Real Estate & Hospitality and Construction Industry Practices and Environmental and Excess Casualty business units.

    About Chubb
    Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

    (PRNewsfoto/Chubb INA Holdings)

    SOURCE Chubb

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  • Tuesday stocks from analyst calls include Nvidia, Amazon and more

    Tuesday stocks from analyst calls include Nvidia, Amazon and more

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  • Societe Generale issues its first digital bond in the United States on blockchain

    Societe Generale issues its first digital bond in the United States on blockchain

    Societe Generale successfully completed its first digital bond issuance in the United States, which was made using Broadridge Financial Solutions, Inc.’s tokenization capability on the Canton Network blockchain. The bonds were issued as security tokens registered by Societe  Generale – FORGE (SG-FORGE), the subsidiary of Societe Generale dedicated to digital assets. DRW, a leading trading firm proven to drive innovation in markets, purchased the bonds, which are short-term floating rate debt securities linked to SOFR1

    This bond issuance represents one of the pioneering digital securities offerings to institutional investors in the United States. This milestone is a notable extension of Societe Generale’s capabilities in the digital asset space, following a series of successful tokenized issuances in Europe since 2019 executed by SG- FORGE2, which provides end-to-end services to issue and manage digital-native financial products registered on blockchain.

    This U.S. inaugural digital bond has been issued on the Canton Network, initially developed by Digital Asset to enable instantaneous on-chain transfer of securities, while allowing the issuer and registrar to adhere to traditional capital markets practices and requirements. 

    The bonds are the first securities to be tokenized using Broadridge’s newly launched tokenization capability, which enables firms to issue securities in a digital format, providing increased transparency and traceability as well as improved velocity and settlement efficiency. 

    Broadridge and SG-FORGE used IntellectEU’s Catalyst Blockchain Manager to operate their nodes on the Canton Network’s decentralized interoperability infrastructure, known as the Global Synchronizer.  Collectively, these tools enabled Societe Generale’s inaugural U.S. tokenized bond issuance and open the door to future opportunities for additional issuances and potentially other applications.

    BNY, one of the leading third-party intermediaries supporting issuances within the global debt capital markets, will act as paying agent for the bonds. Mayer Brown served as legal advisor to Societe Generale on this digital bond issuance.

    This successful transaction in the U.S. market is a meaningful step towards future tokenized asset issuances, including structured products. It demonstrates Societe Generale’s commitment to drawing on its financial structuring expertise and on SG-FORGE’s technological capabilities to deliver value-added services to its clients.

    The successful completion of this transaction highlights our industry-leading position in securities tokenization. It demonstrates Societe Generale’s capabilities to securely bring new instruments on-chain, in a sophisticated legal and regulatory environment,” said Jean-Marc Stenger, CEO of Societe Generale – FORGE.

    “The issuance of these landmark digital bonds is an important step toward building the future of finance. As long-time advocates of innovation in financial markets, we believe tokenization has the potential to unlock efficiency, transparency, and broader access across the ecosystem. This reflects the growing momentum behind institutional adoption of digital-native assets,” said Chris Zuehlke, Global Head of Cumberland, the digital asset arm of DRW.

    “By enabling the on-chain issuance of corporate debt on public blockchains, we are opening new distribution channels for issuers and their partners. This evolution expands our tokenization capabilities beyond US Treasuries into broader asset classes, enhancing their liquidity and utility as collateral in margin and secured funding functions. Broadridge is powering the next phase of tokenization by building the infrastructure underpinning on-chain capital markets, expanding liquidity, and widening investor access,” said Horacio Barakat, Head of Digital Innovation at Broadridge.

    “We congratulate Societe Generale for advancing the digital evolution of capital markets, demonstrating how regulated institutions can issue and manage real-world financial instruments on-chain with the same rigor and confidence as traditional markets. By combining the proven structures of today’s financial system with the transparency, efficiency, and interoperability of digital infrastructure, this issuance showcases how tokenization can meaningfully enhance market operations and unlock new opportunities for institutions and investors,” said Yuval Rooz, CEO and Co-Founder of Digital Asset.

    “Markets demand delivery, not just vision. Our capabilities enable issuers like Societe Generale to turn innovation into reality. Digital bonds bring efficiency, unlock new markets for issuers, and enhance liquidity and asset mobility. By leveraging BNY’s trusted services and operational reliability, we’re reshaping finance — providing seamless access to digital markets built on the strength of traditional market infrastructure,” said Cécile Nagel, Head of Corporate Trust at BNY.

    1 SOFR: Secured Overnight Financing Rate published by the New York Federal Reserve. 
    2 Societe Generale-FORGE is not licensed, registered, or otherwise authorized in any capacity to conduct business or engage in commercial activities within the United States. See presentation below.

    Press contacts:
    Societe Generale 
    Sarah Cohen Lippe_ +33 1 58 98 51 91_ sarah.cohen-lippe@socgen.com 
    Fanny Rouby_ +33 1 57 29 11 12_ fanny.rouby@socgen.com 
    Jim Galvin_+1 212 278 7131_ jim.galvin@sgcib.com

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  • S&P Global Accelerates Private Markets Data Access with No-Code iLEVEL Snowflake Integration

    S&P Global Accelerates Private Markets Data Access with No-Code iLEVEL Snowflake Integration

    New integration enhances decision-making by enabling faster analysis across multiple datasets, reducing time-to-insights

    NEW YORK, Nov. 18, 2025 /PRNewswire/ — S&P Global (NYSE: SPGI) has announced the launch of its iLEVEL Snowflake integration, a no-code solution that is designed to enable private markets investors to seamlessly extract core raw datasets from S&P Global’s iLEVEL portfolio monitoring platform directly to their Snowflake environment.

    S&P Global logo (PRNewsfoto/S&P Global)

    This integration continues to strengthen S&P Global’s position as a leading private markets intelligence provider and follows a series of strategic announcements in this space including a collaboration with Cambridge Associates and Mercer to provide comprehensive private markets intelligence, the agreement to acquire With Intelligence and the launch of the S&P Private Equity 50 Indices.

    The new iLEVEL Snowflake offering enhances decision-making capabilities for private markets investors by enabling them to analyze iLEVEL data alongside other critical datasets within their Snowflake environment. By minimizing technical barriers and reducing time-to-insights, the integration empowers firms to make more informed investment decisions through comprehensive analysis of diverse data sources, while freeing up development teams to focus on high-value strategic initiatives.

    “This launch represents a significant enhancement to iLEVEL’s connectivity offering and builds on our competitive position in the private markets space,” said Darren Thomas, Head of Enterprise Solutions at S&P Global Market Intelligence. “By combining iLEVEL’s comprehensive private markets data with Snowflake’s powerful analytics platform, we’re enabling our clients to unlock deeper insights and make more informed investment decisions faster than ever before.”

    The integration leverages Snowflake’s secure data sharing to facilitate access and collaboration. Clients receive all historical iLEVEL data during initial setup, with subsequent syncs refreshing datasets with new updates. Users can monitor sync status through iLEVEL’s activity log and directly within Snowflake.

    “By eliminating manual processes while maintaining enterprise-grade security, Snowflake secure data sharing removes technical friction and accelerates the journey to comprehensive data management,” said Kieren Kennedy, Global Vice President, Data Cloud Product Partners at Snowflake. “It represents exactly the kind of innovation our customers expect from the AI Data Cloud.”

    The solution also provides access to additional S&P Global datasets available through the Snowflake Marketplace, including Company Financials, RatingsXpress® Credit Ratings and Sustainability data, enabling comprehensive analysis alongside private financial intelligence.

    This integration builds upon previous collaboration between S&P Global and Snowflake. S&P Global was recently awarded Snowflake Financial Services Data Cloud Partner of the Year, read more here.

    To learn more about S&P Global’s private markets insights and offerings, visit here.

    Media Contacts:

    Orla O’Brien
    S&P Global
    +1 857 407 8559
    orla.obrien@spglobal.com

    Erina Aoyama
    S&P Global Market Intelligence
    +1 917-755-7943
    erina.aoyama@spglobal.com  

    About S&P Global:

    S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape.  

    From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.

     

    SOURCE S&P Global

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  • Websites down after outage at network firm Cloudflare

    Websites down after outage at network firm Cloudflare

    Websites including X and Spotify have been hit by a major outage linked to Cloudflare.

    Thousands of users reported issues with a host of different websites, including the film review site Letterboxd, which were impacted by technical issues at the internet network services business.

    The DownDetector monitoring site, which was itself hit by the outage, showed a flurry of reported issues after 11am on Tuesday.

    More than 10,000 DownDetector users reported issues related to Cloudflare.

    A number of the websites affected, including X, came back online temporarily before suffering further problems.

    Users saw a message on a number of the websites saying the issues were caused by an “internal server error on Cloudflare’s network”.

    Cloudflare provides network and security services for many online businesses in order to help their websites and applications operate.

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  • The 6th Round of Bilateral Political Consultations between Pakistan and Finland

    The 6th round of Bilateral Political Consultations between Pakistan and Finland was held today in Islamabad. 

    The Pakistan side was led by Additional Secretary Europe Muhammad Khalid Jamali and the Finnish side was led by Under-Secretary of State for Foreign and Security Policy Outi Holopainen. 

    The two sides discussed the entire spectrum of bilateral relations including cooperation in trade, investment, education, science and technology and climate change. Both sides also held a detailed exchange of views on global and regional issues of mutual interest.

    The Additional Secretary (Europe) appreciated the positive momentum in bilateral ties and reaffirmed Pakistan’s commitment to further strengthen cooperation with Finland. 

    Furthermore, the Additional Secretary thanked the Finnish side for its support on Pakistan’s GSP Plus status and invited Finnish companies to participate in the upcoming Pakistan-EU Business Forum scheduled for April 2026. 

    It was agreed to hold the next round of consultations in Finland.

     

    Islamabad
    November 18, 2025

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  • Press release: Climate Change Performance Index 2026

    Press release: Climate Change Performance Index 2026

    Climate ranking shows: The world is making progress, but the US and other Petrostates are resisting change

    Germanwatch, NewClimate Institute, and CAN International publish the 21st edition of the Climate Change Performance Index (CCPI 2026): Denmark remains at the top, followed by UK and Morocco. Petrostates rank at the bottom: Saudi Arabia, Iran and USA. Dynamics in many G20 countries not yet strong enough.

    Belém (18 Nov 2025). Ten years after the Paris Agreement, progress is clearly visible: Global per capita emissions are falling, renewable energies are growing massively, and more than 100 countries now have their own climate targets for net-zero emissions. However, the pace is still too slow to meet the Paris climate targets. The Climate Change Performance Index (CCPI) published today by Germanwatch and the NewClimate Institute also paints this ambivalent picture.

    As in previous years, the top three ranks remain vacant. Countries must accelerate climate action to align with the Paris Agreement’s temperature limit. Denmark remains the top-ranked country (4th). It ranks first in climate policy and is among the only three countries that achieve a very high rating in the field of renewable energies – the country is a leader in offshore energy. Denmark is followed by the United Kingdom (5th), which has climbed one place compared to last year. Overall, the country’s years of climate policy efforts are paying off – for example the UK already had the coal phase-out last year. However, the country still has some catching up to do, especially when it comes to renewable energy (ranked ‘low‘). Morocco (6th) scores ‘good’ in all categories except renewable energies, where the trend is nevertheless ‘good’. The country still has very low per capita emissions and impresses with major investments in public transport and a respectable new climate target for 2035.

    Niklas Höhne (NewClimate Institute), author of the CCPI: “While we cannot yet attest to any country having very good climate mitigation performance overall, there are pioneers in some categories who are demonstrating ambitious performance. Pakistan, for example, is a surprise contender in terms of emissions and energy consumption thanks to its very low per capita figures. As in previous years, Norway, Denmark and Sweden are setting the standards in renewable energies.”

    In contrast, there are the countries that perform worst in the ranking. The three last-placed countries in the CCPI are Saudi Arabia (67th), Iran (66th), and the USA (65th). Thea Uhlich (Germanwatch), author of the CCPI: “The USA has suffered a particularly remarkable decline – ranking third to last in the overall standings just behind Russia. The largest oil- and gas-producing countries are virtually among themselves and show no sign of departing from fossil fuels as a business model. This means they are missing out on an opportunity to embrace the future.”

    G20 countries: Only one good – ten very weak

    “There is positive momentum for renewable energies and electrification worldwide. However, we also see a worrying picture among the major emitters – the G20 countries – with only one country in the ‘high’ category and ten in the ‘very low’ category,” says Uhlich. Although the G20 countries are responsible for more than 75 percent of global greenhouse gas (GHG) emissions and have a special responsibility, only one G20 country, the UK, achieves a ‘high‘ rating in the ranking. It is particularly worrying that ten G20 countries are still classified as ‘very low‘ (Turkey, China, Australia, Japan, Argentina, Canada, Korea, Russia, USA, Saudi Arabia), followed by three more in the low category: South Africa, Indonesia, and Italy.

    The largest carbon emitter, China (54th), has improved by one place but – despite the dynamics on the way to the first electro state – still has a very low rating. Only in the area of climate policy is China achieving a ‘high‘.

    In the first quarter of 2025, China’s emissions declined – this could be an indication that emissions in China have peaked. Although China is a pioneer in green technologies – there is an ongoing boom in electric cars, batteries and renewable energies – and has set a relatively ambitious climate target, it is simultaneously expanding its fossil fuel production. It is important for China that the expansion of renewable energy and e-mobility goes hand in hand with the phase-out of fossil fuels, not only to prevent emissions from rising further, but also to bring them down quickly.

    India (23th), one of the largest emitters, is one of the biggest faller in this year’s ranking, landing in the ‘medium‘ category. Jan Burck (Germanwatch), author of the CCPI: “The decline in the ranking is due to a combination of factors. India ranks last in terms of emissions trends, as emissions have been rising steadily in recent years. At the same time, energy consumption is increasing. India has also lost many places in climate policy rankings mainly due to its lack of a plan to phase out coal or even a concrete phase-out date. If India will reduce the building of new coal power plants and continues the promising trend for renewables, the country can achieve a much better ranking again next year.”

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  • BAE Systems, Boeing and Saab to Collaborate on Next-Gen Pilot Training – BAE Systems

    1. BAE Systems, Boeing and Saab to Collaborate on Next-Gen Pilot Training  BAE Systems
    2. Boeing says partnership for T-7 trainer export bid imminent  Reuters
    3. Boeing, Saab, and BAE Plot Trainer Jet Power Move–Hawk Successor Could Shake Up Market  TradingView
    4. BAE Systems ties up with Boeing, Saab for UK jet trainer bid  MarketScreener
    5. Boeing hints at new alliance as U.K. eyes Hawk replacement (BA:NYSE)  Seeking Alpha

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  • Genprex Announces U.S. Patent for Reqorsa® Gene Therapy in Combination with PD-L1 Antibodies to Treat Cancers

    Genprex Announces U.S. Patent for Reqorsa® Gene Therapy in Combination with PD-L1 Antibodies to Treat Cancers

    Strengthens Intellectual Property Portfolio and Provides Protection for Therapeutic Combination in Acclaim-3 Clinical Trial

    AUSTIN, Texas, Nov. 18, 2025 /PRNewswire/ — Genprex, Inc. (“Genprex” or the “Company”) (NASDAQ: GNPX), a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes, today announced that the United States Patent and Trademark Office (USPTO) has granted Genprex a patent that covers the use of the Company’s lead drug candidate, Reqorsa® Gene Therapy, in combination with PD-L1 antibodies, such as Tecentriq®, through 2037.

    “We continue to build protection around our lead drug candidate, REQORSA, and this new patent provides the necessary technology protection applicable to our Acclaim-3 clinical trial in small cell lung cancer,” said Thomas Gallagher, Senior Vice President of Intellectual Property and Licensing at Genprex. “In the Acclaim-3 clinical trial, we are combining REQORSA with Tecentriq, a PD-L1 antibody, and this patent secures exclusivity for this drug combination for the treatment of cancer, preventing would-be competitors from making, using or selling this drug combination.”

    Genprex has been granted patents for the use of REQORSA in combination with PD-L1 antibodies in the U.S. and Korea. Genprex is pursuing additional patent applications in Europe, Canada, Brazil, China and Israel. Should these applications grant, they would also be applicable to Genprex’s Acclaim-3 clinical trial.

    PD-L1 antibodies are a type of targeted immunotherapy that block the activity of PD-L1 immune checkpoint proteins present on the surface of cells.

    About Acclaim-3
    Acclaim-3 is a Phase 1/2 clinical trial evaluating the combination of REQORSA and Genentech’s Tecentriq® (atezolizumab) as maintenance therapy in patients with extensive stage small cell lung cancer (ES-SCLC) who are candidates for maintenance therapy after receiving Tecentriq and chemotherapy as standard of care initial treatment. In this study, patients will be treated with REQORSA and Tecentriq until disease progression or unacceptable toxicity is experienced.

    The Phase 2 expansion study follows the successful completion of the Phase 1 dose escalation portion of the study, which showed REQORSA was generally well tolerated. There were no dose limiting toxicities, and in Acclaim-3, the Phase 2 patients are receiving the same dose of REQORSA as patients in the Phase 2 portion of Acclaim-1.

    The Phase 2 expansion portion is expected to enroll approximately 50 patients. The primary endpoint of the Phase 2 portion is to determine the 18-week progression-free survival rate from the time of the start of maintenance therapy with REQORSA and Tecentriq in patients with ES-SCLC. Patients will also be followed for survival. Genprex’s team plans to conduct an interim analysis after the 25th patient enrolled and treated reaches 18 weeks of follow up. The Company expects to complete enrollment of the first 25 patients for interim analysis in the Phase 2 expansion portion of the study in the first half of 2026. The Acclaim-3 clinical trial is supported by U.S. Food and Drug Administration (FDA) Fast Track Designation and Orphan Drug Designation.

    About Genprex, Inc.
    Genprex, Inc. is a clinical-stage gene therapy company focused on developing life-changing therapies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new therapies for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. Genprex’s oncology program utilizes its systemic, non-viral Oncoprex® Delivery System which encapsulates the gene-expressing plasmids using lipid-based nanoparticles in a lipoplex form. The resultant product is administered intravenously, where it is taken up by tumor cells that then express tumor suppressor proteins that were deficient in the tumor. The Company’s lead product candidate, Reqorsa® Gene Therapy (quaratusugene ozeplasmid), is being evaluated in two clinical trials as a treatment for NSCLC and SCLC. Each of Genprex’s lung cancer clinical programs has received a Fast Track Designation from the FDA for the treatment of that patient population, and Genprex’s SCLC program has received an FDA Orphan Drug Designation. Genprex’s diabetes gene therapy approach is comprised of a novel infusion process that uses an AAV vector to deliver Pdx1 and MafA genes directly to the pancreas. In models of Type 1 diabetes, GPX-002 transforms alpha cells in the pancreas into functional beta-like cells, which can produce insulin but may be distinct enough from beta cells to evade the body’s immune system. In a similar approach for Type 2 diabetes, where autoimmunity is not at play, GPX-002 is believed to rejuvenate and replenish exhausted beta cells.

    Interested investors and shareholders are encouraged to sign up for press releases and industry updates by visiting the Company Website, registering for Email Alerts and by following Genprex on Twitter, Facebook and LinkedIn.

    Cautionary Language Concerning Forward-Looking Statements
    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Genprex’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Genprex’s Annual Report on Form 10-K for the year ended December 31, 2024.

    Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: Genprex’s ability to advance the clinical development, manufacturing and commercialization of its product candidates in accordance with projected timelines and specifications; the timing and success of Genprex’s clinical trials, its intended regulatory submissions and any resulting regulatory approvals; the effect of Genprex’s product candidates, alone and in combination with other therapies, on cancer and diabetes; Genprex’s future growth and financial status, including Genprex’s ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market and to continue as a going concern and to obtain capital to meet its long-term liquidity needs on acceptable terms, or at all; Genprex’s commercial and strategic partnerships, including those with its third party vendors, suppliers and manufacturers and their ability to successfully perform and scale up the manufacture of its product candidates; Genprex’s intellectual property and licenses, including the potential for future grants of patent applications globally; and Genprex’s current expectations, estimates, forecasts and projections about the industry and markets in which it operates.

    These forward-looking statements should not be relied upon as predictions of future events and Genprex cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Genprex or any other person that Genprex will achieve its objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Genprex disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

    Genprex, Inc.
    (877) 774-GNPX (4679)

    GNPX Investor Relations
    [email protected]

    GNPX Media Contact
    Kalyn Dabbs
    [email protected]

    SOURCE Genprex, Inc.


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  • Vertiv and Caterpillar Announce Energy Optimization Collaboration to Expand End-to-End Power and Cooling Offerings for AI Data Centers

    Vertiv and Caterpillar Announce Energy Optimization Collaboration to Expand End-to-End Power and Cooling Offerings for AI Data Centers

    New agreement aims to enhance data center efficiency, resiliency and deployment timelines through integrated energy solutions.

    COLUMBUS, Ohio, Nov. 18, 2025 /PRNewswire/ — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, and Caterpillar Inc. (NYSE: CAT), a global leader in power systems, today announced the signing of a strategic undertaking to collaborate on advanced energy optimization solutions for data centers. This initiative will integrate Vertiv’s power distribution and cooling portfolio with Caterpillar’s, and its subsidiary Solar Turbines’, product and expertise in power generation and CCHP (Combined Cooling, Heat and Power) to deliver pre-designed architectures that simplify deployment, accelerate time-to-power and optimize performance for data center operations.

    A Powerful Collaboration:
    This collaboration directly addresses the growing demand for on-site energy solutions that deliver reliable power and cooling. Together, the companies are able to offer a fully integrated solution with validated interfaces and performance, enabling customers to accelerate design, installation and deployment.

    • Caterpillar and Solar Turbines will supply power generation solutions, such as natural gas turbines and reciprocating engines, to deliver dependable, scalable electric power and thermal energy for CCHP.
    • Vertiv will provide a complete portfolio of power and cooling solutions and services, packaged as modular, pre-designed blocks, to shorten design cycles and standardize deployment.

    The Customer Advantages:

    • Accelerates Time-to-Power – by utilizing predesigned, modular reference architectures to speed up deployment time.
    • Lowers PUE (Power Usage Effectiveness) – enables improved energy efficiency and carbon footprint because the system is optimized end-to-end: power, cooling, distribution and dynamic load management, compared to traditional design.
    • Global lifecycle support – the offering is backed by the trusted, global service and support networks of both Vertiv and Caterpillar.

    “This collaboration with Caterpillar and Solar Turbines is a cornerstone of our Bring Your Own Power & Cooling (BYOP&C) strategy and aligns seamlessly with our grid-to-chip framework by offering resilient, on-site power generation solutions. This is optimal for customers looking to reduce or eliminate grid dependence,” said Gio Albertazzi, CEO, at Vertiv. “By combining our complementary technologies, portfolios and expertise, we are enabling coordinated integration. Our pre-engineered, interoperability-tested building blocks let customers execute design, build and deploy concurrently, with predictable system performance.”

    “As AI-driven workloads continue to accelerate, the demand for robust and scalable power infrastructure and cooling is becoming increasingly critical,” said Jason Kaiser, group president of Caterpillar Power & Energy. “Our collaboration with Vertiv will enable us to deliver integrated, on-site energy solutions that lower PUE and meet customers’ evolving needs.”

    This initiative directly addresses the growing demand for on-site energy solutions and offers a coordinated, customer-first approach to solution design and implementation. The Vertiv and Caterpillar Memorandum of Understanding (MOU) represents a pivotal step in further refining this ecosystem, enabling customers to overcome energy constraints and deploy optimized AI centers.

    To learn more about Vertiv’s end-to-end power and thermal management solutions, visit Vertiv.com.
    To learn more about the Caterpillar capability, visit Caterpillar.com / SolarTurbines.com.

    About Vertiv
    Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

    About Caterpillar
    With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels.

    About Solar Turbines
    Solar Turbines Incorporated, headquartered in San Diego, is a wholly owned subsidiary of Caterpillar Inc. Solar manufactures the world’s most widely used family of mid-sized industrial gas turbines from the 1 – 39 MW range. More than 15,000 Solar units are operating in 100 countries around the world. Primary applications include electric power generation, oil and natural gas production and natural gas transmission.

    Forward-looking statements
    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

    VERTIV CONTACT
    [email protected]

    CATERPILLAR CONTACT
    [email protected]

    SOURCE Vertiv Holdings Co

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