Category: 3. Business

  • Evolution of a fuzzy ribonucleoprotein complex in viral assembly

    Evolution of a fuzzy ribonucleoprotein complex in viral assembly

    Rapid evolution of protein binding interfaces has frequently been observed in viral protein complexes, notably in the virus-host interface, including viral surface glycoproteins as well as ribonuclear proteins and non-structural proteins, with fitness advantages being accomplished, for example, through reshaping the binding interfaces, modulating protein structural dynamics, or altering physicochemical properties (Barozi et al., 2022; Evseev and Magor, 2021; Focosi et al., 2024; Planchais et al., 2022; Rochman et al., 2022). Also, entirely new interactions can arise through the viral mimicry of eukaryotic short linear motifs as a result of frequent mutations in the viral protein intrinsically disordered regions, which can greatly augment the virus-host interface (Davey et al., 2015; Schuck and Zhao, 2023). The mutations we have studied here are of a different category, impacting the interactions among viral proteins that enhance viral multi-protein complexes. Previous examples include the intra-host diversity of polymerase subunit interfaces in H5N1 influenza viruses (Welkers et al., 2019). While such mutations are not directly targeted towards the host, they may still contribute to host adaptation or be balancing other mutation effects in an epistatic network, conceivably involving modulation of local effective protein concentrations (Li et al., 2023b). Irrespective of their complete context, they can provide valuable insights into viral protein mechanisms.

    Specifically, we have described three different mutations of SARS-CoV-2 N-protein that, in convergent evolution, strengthen the formation of RNPs and enhance viral assembly. N:G214C, N:G215C, and N:P13L have been independently introduced (as highlighted in the phylogenetic trees Figure 9; Figure 10; Figure 11), and persisted in the defining set of mutations in their respective variants of concern (Lambda, Delta, and Omicron, respectively). We have shown here that N:P13L confers a fitness advantage in cell lines, and similarly, N:G215C was shown by Kubinski et al., 2024 to impart improved viral growth. This correlates well with our results studying their molecular mechanisms.

    Mutations of N:P12 across the phylogenetic tree of SARS-CoV-2.

    Shown are all-time global sequence samples with clade labels and color-coded amino acid at position 13, with the ancestral P13 in green and P13L in yellow. The blue arrow points to the Lambda sequences. Additionally, a cluster of P13L mutations occurred in India in clade 19 A. The phylogenetic tree was generated by Nextstrain (Hadfield et al., 2018).


    Mutations of N:G215 across the phylogenetic tree of SARS-CoV-2.

    Shown are all-time global sequence samples with clade labels and color-coded amino acid at position 215, with the ancestral G215 in green and G215C in yellow. The phylogenetic tree was generated by Nextstrain (Hadfield et al., 2018).


    Mutations of N:G214 and N:G215 across the phylogenetic tree of SARS-CoV-2.

    Shown are all-time sequence samples in South America with clade labels and color-coded amino acid at position 214 and 215. The combination of 214 C/G215 strain 21 G (Lambda) is shown in blue, whereas the combination G214/215 C of strain 21 J (Delta) is shown in yellow. The phylogenetic tree was generated by Nextstrain (Hadfield et al., 2018).

    For both of the cysteine mutants, molecular dynamics simulations and biophysical studies show how cysteines augment self-association interfaces by extending and redirecting the transiently formed helical coiled-coils in the intrinsically disordered LRS, which play a central role in the assembly of RNPs. By contrast, for N:P13L, unexpectedly, the evolution of RNP stability goes beyond modulation of a previously existing binding interface, and instead, we observe the de novo formation of an additional dynamic self-association interface in the distant disordered N-arm through the stabilization and stacking of transient β-sheets, that we hypothesize cooperatively contributes to the stability of RNPs. Even though the solution affinity of the N-arm P13L interface is ultra-weak, the average local concentration of N-arm chains across the RNP volume (in a back-of-the-envelope calculation assuming a ≈14 nm cube Klein et al., 2020 with a dodecameric N cluster) is ≈7.4 mM, such that disordered N-arm peptides could well create populations of N-arm clusters stabilizing RNPs through this interface.

    However, besides the RNP-stabilizing mutants, we have also observed unexpected RNP destabilization by the ubiquitous R203K/G204R double mutation, which may be caused by the introduction of additional charges close to the self-association interface in the LRS. In our experiments, this destabilization is more than compensated for by the P13L mutation. (Another scenario where ultra-weak interactions can have a critical impact is in molecular condensates. We previously reported the suppression of LLPS by the R203K/G204R mutation, which is rescued by the additional P13L/Δ31–33 mutation (Nguyen et al., 2024). This is consistent with compensatory weak stabilizing and destabilizing impacts of weak interactions on the RNP observed here.)

    We arrive at a picture of SARS-CoV-2 RNPs that is far from structurally well defined, matching the concept of fuzzy complexes (Wu and Fuxreiter, 2016). On a molecular level, large portions of the SARS-CoV-2 N-protein (the N-arm, C-arm, and linker) are intrinsically disordered and highly flexible (Cubuk et al., 2021; Różycki and Boura, 2022), which persists in the presence of bound nucleic acid (Cubuk et al., 2024; Guseva et al., 2021; Schiavina et al., 2022). It appears that conformational freedom is also retained to a significant degree in the RNPs. This flexibility could be advantageous for accommodating various RNA secondary structures (Carlson et al., 2022; Landeras-Bueno et al., 2025) and favorably balance the energetic cost of RNP disassembly that is required immediately after viral entry. Also, this serves to accommodate significant sequence variation (Davey et al., 2011; Duro et al., 2015; Schuck and Zhao, 2023). SARS-CoV-2 RNPs appear highly heterogeneous in EM (Carlson et al., 2022; Landeras-Bueno et al., 2025; Yao et al., 2020), and this is reflected in the polymorphic oligomeric states of RNP species we observe in SV-AUC and MP, that we believe is driven by promiscuous self-association or clustering of transient LRS helices (Zhao et al., 2022). Extending previously described characteristics of fuzziness in protein complexes (Duro et al., 2015; Fuxreiter, 2018; Tompa and Fuxreiter, 2008), plasticity seems to involve even basic architectural principles, considering not only the emergence of new distant stabilizing interfaces such as described here in the N-arm, but also the possibility of RNP assembly of truncated N210-419* lacking one of the major nucleic acid binding interfaces (Adly et al., 2023; Bouhaddou et al., 2023; Mears et al., 2025; Mulloy et al., 2025; Syed et al., 2024) (see below).

    Unfortunately, this intrinsic heterogeneity poses significant methodological hurdles. Nonetheless, salient structural features and assembly principles may be derived from constraints of known binding interfaces and oligomeric states of the RNP and its subunits, as observed in SV-AUC and MP. While the arrangement sketched in Figure 1C satisfies these requirements, alternate less symmetrical configurations can be conceived that seem at least equally likely and may coexist in polydisperse mixtures of RNPs. For example, there is no evidence to exclude the possibility of anti-parallel LRS helices pointing the folded nucleic acid -binding domains in different relative orientations, or of mixed co-assemblies with N210-419* subunits lacking the NTD (Figure 1—figure supplement 1). Uniformity of N-protein/RNA clusters may not be relevant for adequate gRNA condensation.

    Beyond the structural model, to study the effect of a larger number of N-protein mutations derived from variants of concern side-by-side in the context of virus assembly, we have carried out experiments using a VLP assay (Syed et al., 2021; Figure 7). In these experiments, all four structural proteins are transfected into 293T cells to package a reporter RNA into VLPs, and their infection of receiver cells can be compared. While this assay has been widely used for rapid assessment of spike protein and N variants (Syed et al., 2021), it has limitations due to the addition of non-genomic RNA and the lack of double membrane vesicles from which gRNA emerges through the NSP3/NSP4 pore complex potentially poised for packaging (Bessa et al., 2022; Ke et al., 2024; Ni et al., 2023). It should also be recognized that the results do not directly reflect the relative efficiency of RNP assembly only, since protein expression levels, their localization, and their posttranslational modifications are not controlled for. Susceptibility to such factors might be exacerbated with mutations that modulate weak protein interactions. For example, as shown previously (Syed et al., 2024; Zhao et al., 2024), a GSK3 inhibitor inhibiting N-protein phosphorylation significantly enhances VLP formation and eliminates the advantage provided for by the N:G215C mutation relative to the ancestral N – presumably due to an increase in assembly-competent, non-phosphorylated N-protein erasing an affinity advantage. A similar process may be underlying the absent or marginal improvement in VLP readout from the cysteine LRS mutants and P13L at the achieved transfection level in the present work, and the enhanced signal from R203K/G204R and R203M (the latter being consistent with previous reports Li et al., 2025; Syed et al., 2021) modulating protein phosphorylation. Nonetheless, mirroring the results of the biophysical in vitro experiments, the addition of RNP-stabilizing P13L and G214C mutations on top of R203K/G204R led to a significantly larger VLP signal.

    The VLP assay may also be limited in sensitivity to mutation effects due to its restriction to a single round of infection. To avoid this and other potential limitations of the VLP assay for the study of viral packaging, for the key mutation N:P13L, we carried out reverse genetics experiments. These showed the sole N:P13L mutation significantly increases viral fitness (Figure 8).

    Regarding the cysteine mutations that have been repeatedly introduced in the LRS prior to the rise of the Omicron variants of concern, it is an open question whether they lead to covalent bonds in vivo or in the VLP assay. While examples of disulfide-linked viral nucleocapsid proteins have been reported (Kubinski et al., 2024; Prokudina et al., 2004; Wootton and Yoo, 2003), a methodological difficulty in their detection is artifactual disulfide bond formation post-lysis of infected cells (Kubinski et al., 2024; Wootton and Yoo, 2003). However, our results clearly show that a major effect of the cysteines already arises in reduced conditions without any covalent bonds, through extension of the LRS helices and concomitant redirection of the disordered N-terminal sequence. While oxidized tetrameric N-proteins of N:G214C and N:G215C can be incorporated into RNPs, the covalent bonds provided only marginally improved RNP stability. Interestingly, the introduction of cysteines imposes preferences of RNP oligomeric states dependent on oxidation state, consistent with our MD simulations highlighting the impact of cysteine orientation of 214 C versus 215 C relative to the hydrophobic surface of the LRS helices. Overall, considering potentially detrimental structural constraints from covalent bonds on LRS clusters seeding RNPs, energetic penalties on RNP disassembly, as well as the required monomeric state of the LRS helix for interaction with the NSP3 Ubl domain (Bessa et al., 2022), at present, it is unclear to what extent the formation of disulfide linkages between LRS helices would be beneficial or detrimental in the viral life cycle.

    Recent work by the Soranno laboratory has identified an additional function of the disordered N-arm in transiently interacting with the NTD (Cubuk et al., 2021) and dynamically enhancing the affinity of the NTD for RNA (Cubuk et al., 2024). Using single-molecule Förster Resonance Energy Transfer (smFRET), a fourfold modulatory effect of the P13L/Δ31-33 mutation on the NTD RNA binding affinity was observed in N-arm-NTD constructs. Through MD simulations, the reduced NTD affinity for RNA was attributed to the N-arm Δ31-33 deletion (Cubuk et al., 2024). Superficially, this may seem in slight conflict with our results of similar T10 affinity of full-length ancestral N with and without the P13L/Δ31-33 mutation, but results were obtained in different buffer conditions (50 mM TRIS, pH 7.4 in Cubuk et al., 2024 versus 20 mM HEPES, 150 mM NaCl, pH 7.5 in the present work). In any event, RNA binding of NTD and stabilization of the RNP are different processes; any modulation of N-arm contributions to NTD-RNA interactions through Omicron N-arm mutations Δ31-33 may coexist and be over-compensated for by N-arm self-association interfaces through P13L modulating RNP subunit interactions in the high local N-arm density of the RNP.

    The double mutant R203K/G204R arose early in the pandemic and was adopted in several variants of concern (including Alpha, Gamma, Lambda, Zeta, and Omicron BA.1) with the triple nucleotide changes G28881A, G28882A, and G28883C (Mears et al., 2025; Syed et al., 2024; Figure 12). As mentioned above, on the protein level, N:R203K/G204R has been shown to alter phosphorylation (although in different ways in in vitro VLP or in vivo reverse genetics experiments; Johnson et al., 2022; Syed et al., 2024; Yun et al., 2022), and phosphorylation in turn reduces nucleic acid binding and promotes viral replication as opposed to assembly functions (Botova et al., 2024; Bouhaddou et al., 2023; Carlson et al., 2020; Syed et al., 2024). Adding to such a switch, in the present work, we observed the loss of RNP stability of N:R203K/G204R relative to the ancestral N, extending the previous observation of reduced LLPS propensity of N:R203K/G204R (Nguyen et al., 2024). Simultaneously, on the RNA level, the N:R203K/G204R mutations also lead to the new formation of a TRS sequence ACGAAC underlying the expression of N210-419* in virus-infected cells (though not expected to occur with N:R203K/G204R in the VLP assay lacking the viral RNA-dependent RNA polymerase). It has been hypothesized that N210-419* confers increased viral fitness through the suppression of the host anti-viral response (Mears et al., 2025; Mulloy et al., 2025), and that it can assist RNP formation (Bouhaddou et al., 2023; Syed et al., 2024). However, the contribution of N210-419* to assembly is still unclear: although it is remarkably capable of forming RNPs in vitro and VLP assays (Adly et al., 2023; Bouhaddou et al., 2023; Syed et al., 2024), in infected cells and virions, N210-419* has been detected only as a minority species (Mears et al., 2025; Mulloy et al., 2025). Also, the recent major Omicron XEC variant (Scarpa et al., 2025; which had close to 60% global frequency at the beginning of 2025; Figure 12) exhibits a fourth consecutive nucleotide change G28884C that maintains a similar RG mutation forming R203K/G204P but ablates the canonical TRS sequence, such that continued expression of N210-419* in XEC is in question. We propose that an alternative or additional mechanism to retain viral assembly functions may be presented by the accompanying P13L mutation, which our data suggest can more than restore loss of RNP stability in the combination of RG mutations with P13L. This combination occurs in No and all Omicron variants so far and was even further stabilized with a cysteine in the LRS in Nλ.


    Mutations of N:R203 and N:G204 across the phylogenetic tree of SARS-CoV-2.

    Shown are global sequence samples mostly representing sequences of the recent 6 months, with clade labels and color-coded amino acid at positions 203 and 204. The ancestral combination of R203/G215 is shown in green, the mutation 203 M of the Delta VOC in blue, the combination 203 K/204 R common to Alpha and Omicron VOCs in yellow, and the combination 203 K/204 P defining in the Omicron XEC variant in orange. The phylogenetic tree was generated by Nextstrain (Hadfield et al., 2018).

    In conclusion, it has been proposed that mutations in SARS-CoV-2 N protein that affect viral assembly can impact infectivity and fitness (Bouhaddou et al., 2023; Syed et al., 2024; Wu et al., 2021; Zhao et al., 2022). We believe the observed modulations of the RNP assembly and stability studied here highlight a key mechanism for this. Although effects on fitness of viruses carrying N mutations are most likely multi-factorial, they have been observed in reverse genetics tissue culture experiments previously for N:R203K/G204R (Johnson et al., 2022; Mears et al., 2025; Wu et al., 2021), N:G215C (Kubinski et al., 2024), and in the present work for N:P13L. On the other hand, the rise of new variants of concern was usually dominated by their spike protein mutations (with the exception of 21I replacement by 21J which has identical spike mutations but acquired N:G215C Marchitelli et al., 2021; Stern et al., 2021; Zhao et al., 2022 in the rise of Delta variant), and in many cases, N mutations of previously dominant variants were completely replaced by another set of N mutations (dramatically exemplified in the displacement of Delta by Omicron variants). This reinforces the view that these N mutations are secondary to alterations in the immune landscape and transmissibility as the primary driver of evolution (Markov et al., 2023). Nonetheless, the remarkable plasticity of RNPs offers multiple avenues to modulate stability and to compensate for potentially RNP-destabilizing effects of mutations that are beneficial in other ways. In convergent evolution, this has been a constant theme of N protein mutations throughout the SARS-CoV-2 pandemics up until today. We hypothesize that the ‘fuzziness’ and pleomorphic ability of RNP assembly, with its variable distribution of overall binding energy into several different weak or ultra-weak protein interfaces, and the poor structural definition ranging from flexible chain configurations to polydisperse oligomeric states, provides an evolutionary advantage of orchestrated disorder to promote epistatic interactions and facilitate host adaptation.

    Continue Reading

  • Meta buys Chinese-founded AI agent start-up Manus

    Meta buys Chinese-founded AI agent start-up Manus

    Meta says it is acquiring the Chinese-founded AI firm Manus as it looks to boost the capabilities of its tech.

    Bloomberg analysts and The Wall Street Journal suggested the purchase could be worth more than $2bn (£1.48bn).

    Meta said the deal would help improve its own AI by giving people access to “agents” – tools which can do complex things with minimal user interaction such as planning trips or making presentations.

    “Manus’s exceptional talent will join Meta’s team to deliver general-purpose agents across our consumer and business products, including Meta AI,” it said in a blog post.

    Barton Crockett, analyst at Rosenblatt Securities, told Reuters it was a “natural fit” for Meta, which extended into boss Mark Zuckerberg’s “vision of personal AI” using agents.

    Based in Singapore after relocating from China, Manus has sought to set itself apart from rival AI developers with what it claims can be a “truly autonomous” agent.

    Unlike many chatbots which need to be repeatedly asked for things before a user can get their desired response, Manus says its service can plan, execute and complete tasks independently in accordance with instructions.

    It forms part of the company’s mission to “extend human reach” with general-purpose agents that can aid, rather than replace, human work.

    The company said its acquisition by Meta was “validation” of its efforts.

    “Joining Meta allows us to build on a stronger, more sustainable foundation without changing how Manus works or how decisions are made,” said Xiao Hong, its chief executive and one of its Chinese founders, in a blog post.

    “We’re excited about what the future holds with Meta and Manus working together and we will continue to iterate the product and serve users that have defined Manus from the beginning.”

    Meta said as part of its deal it would continue to operate and sell Manus’ AI service.

    It marks yet another high-profile move by the Silicon Valley tech giant to cement its presence in the sector through deals with rising start-ups.

    In June the company spent $14bn to buy 49% of Scale AI and secured its boss to take a lead role in Meta’s development of the tech.

    This came amid a wider increase in spending by Zuckerberg on the company’s AI strategy, as well as reportedly luring talent from rivals like OpenAI.

    Continue Reading

  • 12,000 BLET Teamsters Ratify New Contract

    12,000 BLET Teamsters Ratify New Contract

    Press Releases

    Teamsters Railroaders Secure Substantial Raises and Improved Benefits

    Press Contact: Maura Drumm Phone: (215) 510-3735 Email: mdrumm@teamster.org

    (INDEPENDENCE, Ohio) – More than 12,000 workers represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET) of the Teamsters Rail Conference have ratified a new collective bargaining agreement with the National Carriers Conference Committee.

    “Today’s ratification sent an unmistakable message to Corporate America about the power of the Teamsters Rail Conference,” said Teamsters General President Sean M. O’Brien. “Railroaders are some of the toughest workers in America. And it is only because of their courage and conviction that they have locked in substantial raises and improved benefits while making no givebacks or concessions.”

    Workers covered by the new contract come from major carriers including BNSF, Norfolk Southern, and Canadian National. The five-year agreement guarantees raises of 18.8 percent for most workers as well as substantial improvements to benefits and additional time off.

    “Put simply, railroads would not run without BLET Teamsters,” said Mark Wallace, President of the BLET and the Teamsters Rail Conference. “This contract goes a long way toward reflecting the value these hardworking men and women bring to this indispensable industry.”

    These workers are the latest of over 40,000 Teamsters railroaders from the BLET and the Brotherhood of Maintenance of Way Employes Division who have secured new contracts in 2025 alone.

    Founded in 1903, the International Brotherhood of Teamsters represents 1.3 million hardworking people in the U.S., Canada, and Puerto Rico. Visit Teamster.org for more information. Follow us on X @Teamsters and on Facebook at Facebook.com/teamsters.


    Continue Reading

  • Sheppard Mullin Advised Vanterra Ventures, Silo Pharma, Celularity and Others in Recent Deals

    Sheppard Mullin Advised Vanterra Ventures, Silo Pharma, Celularity and Others in Recent Deals

    Sheppard Mullin’s Corporate practice has closed several transactions recently:

    Mergers & Acquisitions 

    • Represented RPM Interactive, Inc., a generative artificial intelligence publishing and software company, in its acquisition by Avalon GloboCare Corp., a developer of precision diagnostic consumer products. The pairing of Avalon’s consumer health products with RPM’s AI-driven content engine is expected to accelerate audience reach, digital engagement and adoption of Avalon’s product portfolio. The deal team included Richard Friedman, Stephen Cohen, Greg Carney and Benjamin Speizman. 

    • Advised Thumzup Media Corporation, a diversified technology-driven enterprise, in its acquisition of Dogehash Technologies, Inc., an industrial-scale blockchain infrastructure company focused on Dogecoin and Litecoin mining. The combined company will operate under the name Datacentrex, Inc. (Nasdaq: DTCX) and marks a significant milestone in Thumzup’s transformation into a digital infrastructure company with exposure to blockchain mining, data-center operations and digital asset treasury strategies. The deal team included Richard Friedman, Stephen Cohen, Nazia Khan and Michael Blane.

    Investments 

    • Represented venture and growth equity firm Vanterra Ventures as lead investor in Cove Soda’s $15 million Series A funding round. Canada-based Cove Soda is a functional carbonated soft drink brand that is sold in more than 7,000 retail stores across Canada and the U.S. This new funding will support the company’s continued rapid growth across North America and the introduction of new flavors. The deal team included Ariel Yehezkel, Sidrah Amin and Maria Rydder Schwartz.

    Public Offerings  

    • Advised bioAffinity Technologies, Inc., in its $4.8 million public offering of common stock and pre-funded warrants. bioAffinity addresses the need for noninvasive diagnosis of early-stage cancer and other diseases of the lung and broad-spectrum cancer treatments. The company’s first product, CyPath® Lung, is a noninvasive test that has shown high sensitivity, specificity and accuracy for the detection of early-stage lung cancer. The deal team included Richard Friedman, Sean Reid, Emily Mastoloni and Michael Blane. 

    • Represented Nova Minerals Limited (Nasdaq NVA, NVAWW) (ASX: NVA), (FRA: QM3), a gold, antimony and critical minerals exploration stage company focused on advancing the Estelle Gold Project in Alaska, in connection with a $20 million underwritten public offering. The deal team included Jeffrey Fessler, Greg Carney and Seth Lemings. 

    • Advised Silo Pharma, Inc., in its $2.5 million registered direct offering of common stock and warrants. Silo Pharma (Nasdaq: SILO) is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company focused on developing novel formulations and drug delivery systems for traditional therapeutics and psychedelic treatments to address underserved conditions, including stress-induced psychiatric disorders, chronic pain and central nervous system diseases. The deal team included Richard Friedman, Greg Carney and Emily Mastoloni. 

    • Represented Sidus Space, Inc. (NASDAQ: SIDU), an innovative space and defense technology company, in connection with two public offerings of common stock, totaling $41.2 million. Sidus Space provides satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. The deal team included Jeffrey Fessler and Sean Reid.

    Private Placements 

    • Advised Laidlaw & Co. (UK) Ltd. as placement agent in connection with an $8.1 million private placement of common stock for Unite Acquisition 3 Corp., a blank check company. Concurrently with the closing of the private placement, Unite Acquisition completed its acquisition of Palomino Laboratories, Inc. Palomino is a fabless semiconductor company pioneering the next generation of high-performance microLED-based optoelectronic solutions for data communication. The deal team included Richard Friedman, Stephen Cohen and Seth Lemings. 

    • Represented MAIA Biotechnology, Inc., in its $2.5 million private placement of common stock. MAIA (NYSE American: MAIA) is a targeted therapy, immuno-oncology company focused on developing and commercializing potential first-in-class drugs with novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer. Its lead program is ateganosine (THIO), a potential first-in-class cancer telomere targeting agent in clinical development for the treatment of NSCLC patients with telomerase-positive cancer cells. The company intends to use part of the net proceeds from the offering to fund the execution of Step 1 of Part C of the Phase II trial THIO -101 and for working capital. The deal team included Richard Friedman, Greg Carney and Emily Mastoloni, with specialist assistance from Dmitriy Chelnitsky.

    Financings 

    • Advised Celularity Inc. (Nasdaq: CELU), a leader in regenerative and cellular medicine, in closing a senior secured term loan and a secured convertible note financing with Philip A. Barach, co-founder and former president of DoubleLine Capital LP, a Los Angeles-based investment management firm. Celularity received $10 million in gross proceeds, with the potential to access up to an additional $2 million, subject to certain conditions and at the investor’s election, as specified in the definitive agreements. The deal was led by Jeffrey Fessler, Nazia Khan and Emily Mastoloni and included Kevin Ryan and William de Sierra-Pambley. 

    Continue Reading

  • Britain’s biggest clean power projects among 2.4GW of transmission connections National Grid delivers in 2025

    Record-breaking renewable power projects are among the 2.4GW of new generation connections we plugged into our transmission network during 2025, in another key step in the UK’s clean energy transition.

    This year’s works build on the 3GW of connections we delivered in 2024 – which included a new interconnector between Wales and Ireland – and is part of 12.6GW of generation capacity we’ve connected in England and Wales over the past five years.

    • In April the 373MW Cleve Hill Solar Park, Britain’s largest solar array, began exporting power across the network following work to connect it at our Cleve Hill substation in Kent.

    • Over summer Statera Energy’s Thurrock Storage project, the country’s biggest battery energy storage system (BESS), connected at our Tilbury substation in Essex to add 300MW of flexible capacity across London and the south east.

    • And in September we completed upgrades and commissioning activity at our Lackenby substation in North Yorkshire in readiness for RWE’s Sofia offshore wind farm – one of the world’s biggest – to complete construction.

    Connecting these landmark projects highlights the strong progress Britain is making towards its clean energy ambitions

    We also completed works for more than 400MW of additional BESS connections during the year, including a 150MW scheme connecting at Ferrybridge substation in West Yorkshire, a 100MW facility plugging in at Thornton substation in North Yorkshire, and further projects at our substations in Enderby (Leicestershire), Rainhill (Merseyside) and Bredbury (Greater Manchester).

    Meeting growing demand

    2025 saw around half a gigawatt of demand connecting, notably in November when we energised our new Little Horsted substation in East Sussex. The facility will enable a new connection for the local distribution network operator (DNO), UK Power Networks, to supply homes and businesses in the region and meet increased demand.

    Upgrades as part of our ongoing Willesden and Kensal Green Connection project also saw the commissioning of a new power feed from Willesden substation in Greater London to facilitate DNO supplies to a new data centre in the Park Royal area. Alongside the energisation of new London Power Tunnels circuits during 2025, these works are helping to further reinforce the network in the capital.

    Connecting these landmark generation and demand projects highlights the strong progress Britain is making towards its clean energy ambitions, and the leading role National Grid is playing in that transition, working closely with developers and our supply chain.

    Alongside the engineering work to connect projects, we’re actively supporting the connections reform programme led by the National Energy System Operator (NESO) – helping ensure the schemes that are most ready and most needed are prioritised to meet Britain’s future energy needs.

    Find out more about how we’re facilitating new grid connections.

    Continue Reading

  • Food trucks coming to Cornerstone on Thursdays Welcome to the City of Gainesville

    Food trucks coming to Cornerstone on Thursdays Welcome to the City of Gainesville













    Food trucks coming to Cornerstone on Thursdays Welcome to the City of Gainesville













































































    opens in new tab or window









    Published on December 30, 2025



    Beginning Thursday, Feb. 5, we will welcome a variety of food trucks from 11 a.m. to 4 p.m. Read on to find out how to apply to be a vendor!

    This program is brought to you by Gainesville Community Reinvestment Area (GCRA) at Cornerstone (2153 SE Hawthorne Rd.)

    Located on SE Hawthorne Road, the Cornerstone Campus is home to the GTEC Center and Merrieux, and within walking distance of the newly opened UF Health Urgent Care Clinic.

    Fees and Payments

    There will be no fees to participate.

    Space Allocation

    • Vendors will be assigned a designated space by staff.
    • The GCRA will have tables, chairs and tents available. Vendors may provide their own tents, tables and chairs if desired. 

    Setup and Teardown

    • Vendors must be set up 30 minutes before the start time and be fully set up and ready to operate by start time.
    • If a vendor will be late or needs to cancel, they must notify staff at least two hours prior to the event start time.
    • Teardown may not begin until the agreed upon end time or sell out. Vendors must ensure their area is clean and free of debris before leaving.

    Permits and Licenses

    • Vendors are required to obtain and display any necessary permits or licenses relevant to their business. This includes health permits for food vendors.
    • Proof of permits must be provided to the staff before the event.
    • If vendor needs assistance with acquiring the necessary permits or licenses, please contact staff.

     

    Product Guidelines

    • All products sold must be of quality and follow all legal guidelines. The sale of counterfeit, offensive or prohibited items is strictly forbidden.

    Conduct and Professionalism

    • Vendors must conduct themselves professionally at all times. This includes courteous interactions with customers, fellow vendors and staff.
    • Maintaining a clean and attractive booth space is essential. Vendors are responsible for removing their own trash. Trash cans will be provided by staff.

     

    Sanitation

    • Vendors handling food must follow all health department guidelines for sanitation.
    • Vendors are required to keep their areas clean, with all waste properly disposed of in designated bins.

    Food Safety

    • Food vendors must comply with all local health department regulations, including maintaining proper food storage temperatures and hygiene standards.
    • Only approved and properly labeled food items are permitted for sale.

    Emergency Procedures

    • In the event of an emergency, please follow the instructions of market staff and emergency personnel. An emergency meeting point will be clearly marked.

    Inclement Weather

    • The GCRA will proceed rain or shine unless conditions are deemed unsafe. In case of severe weather, notifications will be sent out via email and posted on-site.
    • Vendors should be prepared for weather changes and bring appropriate coverings for their booths.

     

    Eco-Friendly Practices

    • Vendors must follow Gainesville Zero Waste Ordinances. 
    • Vendors are encouraged to minimize the use of single-use plastics and opt for sustainable packaging options.
    • Please help us reduce waste by providing recycling options at your booth.

    Waste Management

    • All vendors must dispose of their waste in the designated bins.
    • Please ensure your area is left clean and free of litter at the end of the event.

    Noise Control

    • Vendors must keep noise levels, such as music or generators, at a moderate level to ensure a pleasant environment for all attendees.
    • Music is acceptable at a reasonable level and must be family-friendly. 

    Insurance

    • Vendors are required to carry liability insurance and must provide proof of coverage prior to the event. This ensures protection for both the vendor and the GCRA.

    Agreements

    • Upon agreement of participation, vendor agrees to abide by these guidelines and any additional rules set forth by the City of Gainesville and the GCRA. Failure to comply may result in removal from the event.

    Financial Reporting

    • Vendors are responsible for their own sales tax reporting and compliance with local, state, and federal tax laws. The GCRA is not liable for any financial or legal issues arising from vendor sales.

    Post-Event Feedback

    • Vendors are encouraged to fill out the post-event survey after each of the selected days.

    Feedback Form

    Vendor Application














    Continue Reading

  • TVA Films’ activities to be centralized under newly created Quebecor Films

    TVA Films’ activities to be centralized under newly created Quebecor Films

    Quebecor and TVA Group today announced that the operations of TVA Films, previously part of TVA Group Inc., will be centralized in a new business unit, Quebecor Films, effective January 1, 2026. This strategic move will enhance Quebecor’s leadership in the Québec film distribution market by uniting all its expertise within a dedicated entity for the distribution of domestic and international films. The well-established TVA Films brand, a prominent name in the industry for more than 20 years, will maintain its high profile within Quebecor Films Inc. The new entity will carry on TVA Films’ work as a leading distributor in the Québec and Canadian markets on the strength of TVA Films’ talented team and rich catalogue, which includes several anticipated upcoming releases.

     

    Building on the recent success of several titles in TVA Films’ catalogue, including Ma belle-mère est une sorcière, the second-highest grossing Québec film of 2025, and Nos Belles-Sœurs, the top-grossing Canadian film of 2024, Quebecor Films will be able to consolidate its efforts and maximize its film development, exploitation and distribution activities in this new environment,  said Luana Ann Church, Vice President, Development, Acquisitions & Distribution of Quebecor. This new structure will also support our mission of showcasing Québec talent and bringing high-quality films, including many Québec titles, to audiences.

     

    This is a related party transaction that complies with all applicable rules and requires no formal valuation or minority shareholder approval, as its fair market value and the associated consideration are deemed to be of limited materiality relative to the market capitalizations of both TVA Group and Quebecor.

    About Quebecor

    Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.

    Québec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada.

    A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.

     

    About TVA Group

    TVA Group Inc., a subsidiary of Quebecor Media Inc., is a communications company engaged in the broadcasting, film production and audiovisual services, international production and distribution of television content, and magazine publishing industries. TVA Group Inc. is North America’s largest broadcaster of French-language entertainment, information and public affairs programming and one of the largest private-sector producers of French-language content. It is also the largest publisher of French-language magazines and publishes some of the most popular English-language titles in Canada. The Corporation’s Class B shares are listed on the Toronto Stock Exchange under the ticker symbol TVA.B. 

    Continue Reading

  • Federal Reserve Board – Agencies release annual asset-size thresholds under Community Reinvestment Act regulations

    Federal Reserve Board – Agencies release annual asset-size thresholds under Community Reinvestment Act regulations



    Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.



    December 30, 2025

    Agencies release annual asset-size thresholds under Community Reinvestment Act regulations

    • Federal Reserve Board
    • Federal Deposit Insurance Corporation

    For release at 11:00 a.m. EST

    The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2026 updated Community Reinvestment Act (CRA) “small bank” and “intermediate small bank” asset-size thresholds.

    The CRA regulations establish the framework and criteria by which the relevant agencies assess a financial institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. The asset-size thresholds are adjusted annually based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is a measure of inflation.

    As a result of the 2.51 percent increase in the CPI-W for the period ending in November 2025, the CRA asset-size thresholds for small banks and intermediate small banks are:

    • A small bank is an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.649 billion.

    • An intermediate small bank is a small institution with assets of at least $412 million as of December 31 of both of the prior two calendar years and less than $1.649 billion as of December 31 of either of the prior two calendar years.

    These thresholds are in effect from the latter of January 1, 2026 or the date of publication in the Federal Register through December 31, 2026. A list of the current and historical asset-size thresholds is available here.

    Last Update:
    December 30, 2025

    Continue Reading

  • Home prices get more affordable, but down payments hold buyers back

    Home prices get more affordable, but down payments hold buyers back

    Mortgage rates are lower, home prices are easing, and there is more supply on the market for sale. All of that adds up to improved affordability for today’s homebuyers. Saving for a down payment, however, is still the biggest hurdle for first-time buyers.

    Prices nationally are basically flat compared with where they were a year ago, according to Parcl Labs, which runs daily studies of U.S. home prices. They dipped into negative territory earlier this month and are now just 0.3% higher year over year.

    The latest S&P Cotality Case-Shiller home price index, which reflects pricing from October, showed large disparities among metropolitan markets. Of the top 20 markets it highlights, Chicago; New York; and Cleveland, Ohio, had the biggest gains. Meanwhile eight cities showed prices in negative territory, with Tampa, Florida; Phoenix; and Dallas, Texas seeing the biggest losses.

    “National home prices also continue to lag consumer inflation, as October’s CPI is estimated around 3.1% (based on a provisional index the U.S. Treasury announced due to the federal data shutdown) – roughly 1.8 percentage points higher than the latest housing appreciation. In real terms, that gap implies a slight decline in inflation-adjusted home values over the past year,” explained Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices, in a release.

    Mortgage rates, too, are coming down.

    The average on the 30-year fixed mortgage is currently at 6.19%, according to Mortgage News Daily. It started this year well over 7%. That decline means significant savings for homebuyers.

    For example, for a buyer putting down 20% on a $410,000 home (right around the national median), the monthly payment today is $200 less on average than it would have been a year ago. Weaker prices and lower rates are changing the math on what first-time buyers can afford.

    Get Property Play directly to your inbox

    CNBC’s Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox.

    Subscribe here to get access today.

    The typical homebuyer now needs 7 years to save for a down payment, according to Realtor.com. That’s down from the recent peak of 12 years in 2022, but still roughly double pre-pandemic levels, partly because the personal savings rate is so much lower than it was in 2020.

    Down payments continue to be the biggest hurdle to homeownership, which in the second half of this year fell to 65%, according to the U.S. Census, the lowest level since 2019.

    But an improved supply of homes for sale is adding momentum to the market. Active listings are now about 12% higher than they were a year ago, according to Realtor.com, but still 6% lower than they were just pre-pandemic.

    And buyers appear to be responding. Pending home sales, which count signed contracts on existing homes, rose more than expected in November. They were 3.3% higher than October, 2.6% higher than November 2024 and hit the highest level in nearly three years, according to the National Association of Realtors.

    “Improving housing affordability–driven by lower mortgage rates and wage growth rising faster than home prices–is helping buyers test the market. More inventory choices compared to last year are also attracting more buyers to the market,” said Lawrence Yun, chief economist for the Realtors, in a release.

    Continue Reading

  • December- Governor Glenn Youngkin Announces $6.2 Million in Growth and Opportunity Virginia Grants

    December- Governor Glenn Youngkin Announces $6.2 Million in Growth and Opportunity Virginia Grants

    RICHMOND, VA – Governor Glenn Youngkin today announced $6.2 million in Growth and Opportunity for Virginia (GO Virginia) grants for 10 projects that advance Virginia’s economic competitiveness through innovation, workforce development, and strategic industry growth. The awarded projects will leverage an additional $4 million in investment.  

    “GO Virginia continues to be a catalyst for innovation and opportunity across the Commonwealth,” said Governor Glenn Youngkin. “Virginia is stronger than ever, but we have to keep going. By investing $6.2 million in these projects, we are strengthening Virginia’s workforce, advancing key strategic industries, and keeping Virginia competitive for years to come.” 

    The latest round of projects includes investments in aviation maintenance training, industrial trades expansion, talent pathways in emerging technology sectors, regional innovation ecosystems and long-term strategic planning to position regions for transformational industry opportunities. 

    Several projects also leverage partnerships with school divisions, community colleges, and research universities to ensure their graduates’ skills align with emerging industry needs and Virginians can access high-quality pathways to higher-wage careers.  

    “Across the Commonwealth, we see alignment in support of stronger talent pipelines, commercialization activity, and the development of competitive sites,” said Emily O’Quinn, Chair of the GO Virginia State Board. “This kind of regional collaboration is the key to new jobs and more economic opportunities.” 

    Since 2022, GO Virginia has played a pivotal role in creating 1,100 new businesses, expanding another 1,100 businesses, and generating 25,000 jobs by fostering innovation, workforce development, and industry growth across 131 localities across the Commonwealth. GO Virginia has supported 147 projects, awarding $72 million in state funding and leveraging $61 million in matching non-state investments. In addition to creating new jobs and businesses, these investments have retained 12,500 jobs and launched 125 new programs that have trained 45,000 Virginians. 

    To learn more about how GO Virginia continues to fuel economic progress across the Commonwealth, visit dhcd.virginia.gov/gova. 

    Implementation Grant Applications

    Industrial Skills Trades Regional Expansion | $1,346,786 

    Region 3: Counties of Amelia, Buckingham, Charlotte, Cumberland, Halifax, Lunenburg, Mecklenburg, Nottoway, Patrick, Pittsylvania and Prince Edward, City of Danville 

    This regional initiative expands industrial skills trades training across Southern Virginia through partnership with Danville Community College (DCC) and Southside Virginia Community College (SVCC). The project will deliver industry-aligned programs in electrical, carpentry, HVAC, plumbing, and industrial maintenance. 

    Small Business Opportunity Center Expansion | $1,225,000 

    Regions 4 (lead), 5, 6, and 7: Counties of Arlington, Charles City, Chesterfield, Fairfax, Henrico, Prince George, Stafford; Cities of Alexandria, Fredericksburg, Norfolk, Portsmouth and Richmond  

    This project expands VCU’s Small Business Opportunity Center into Regions 5, 6, and 7 through partnerships with universities and entrepreneur support organizations across Central Virginia, Hampton Roads, Fredericksburg, and Northern Virginia. By increasing access to technical assistance and sector-specific expertise, the initiative aims to strengthen the growth of traded-sector startups and small businesses throughout the Commonwealth. 

    Expanding the GO TEC Career Pathways in Region 9 | $1,016,000 

    Region 9: Albemarle County, Greene County, and City of Charlottesville 

    Albemarle County Public Schools will establish the first GO TEC Career Connection Labs in Region 9 by installing new labs in all middle schools in Albemarle County, Greene County, and the City of Charlottesville. The labs will introduce students to high-demand skills through modules in IT coding and networking, automation and robotics, precision machining, electrical and mechanical engineering, manufacturing engineering, metrology, biotechnology, and welding.  

    HOMEWorks Initiative | $748,425 

    Region 1: Counties of Grayson, Russell, Smyth and Washington

    The HOMEWorks Initiative will establish a regional workforce training center dedicated to skilled trades education for modular construction and advanced manufacturing. Led by the Appalachian Highlands Housing Partnership, the project will partner with three Southwest Virginia community colleges to create a training pathway where students earn industry-recognized credentials not currently offered in Southwest Virginia. The training facility enables students to transition directly from classroom learning into on-site apprenticeships, internships and hands-on production experience. 

    Project RISE | $648,000 

    Region 2: Counties of Botetourt, Montgomery, Pulaski and Roanoke; City of Roanoke 

    Project RISE will strengthen the startup ecosystem across the Roanoke and New River Valley. The initiative includes technical commercialization assistance to move innovations to market, a dedicated mentorship hub, and access to on-call experts and advanced AI, digital and cloud-based tools for entrepreneurs. Through a coordinated regional effort, Project RISE will support early-stage and pre-seed companies, helping build a stronger pipeline of scalable startups across the region. 

    Danville Aviation Training Facility | $92,000 

    Region 3: Counties of Halifax, Mecklenburg, and Pittsylvania; City of Danville 

    The Danville Aviation Training Facility will support the aviation training center at the Danville Regional Airport and advance aviation maintenance education in Southern Virginia. Through partnerships with Danville Community College, Averett University and Danville City Public Schools, the project aims to expand the region’s pipeline for skilled aviation technicians and build on growing activity at the Danville Regional Airport. 

    Planning, Feasibility, and Small-Scale Pilot Grant Applications

    Blue Ridge Innovation Corridor Vision 2050 | $250,000 

    Regions 3 (Lead) and 2: Counties of Franklin, Botetourt, Montgomery, Henry, and Pittsylvania; Cities of Martinsville and Danville 

    The Blue Ridge Innovation Corridor Vision 2050 project will develop a regional strategy to guide long-term economic growth across Regions 2 and 3. Led by Region 3, the study will produce strategic recommendations across seven focus areas, including advanced manufacturing, life sciences and biotechnology, IT and emerging technology, infrastructure investment priorities, a funding roadmap and a governance model to support implementation. Vision 2050 is intended to position the corridor for coordinated investment, competitiveness, and cluster scale-up over the next 25 years. 

    VersAbility TECH Center | $100,000 

    Region 5: Cities of Hampton and Newport News 

    With support from Hampton and Newport News, the project will help address persistent workforce shortages by creating new training pathways that connect an underrepresented talent pool to employers across the region. The planning effort will provide the foundation for a future implementation project and long-term workforce pipeline development. 

    Northern Neck Sites Inventory | $100,000 

    Region 6: Counties of Lancaster and Westmoreland; Towns of Colonial Beach and Montross 

    Westmoreland County, in partnership with Lancaster County and the Towns of Colonial Beach and Montross, will create a coordinated inventory and prioritization strategy for 20 developable industrial and commercial sites in the Northern Neck. The project will produce a plan for future site-related investment. 

    VTTI Workforce Pathways Plan for ACE Technology in Region 2 | $99,999 

    Region 2: Counties of Pulaski, Montgomery, and Roanoke 

    This project will develop a strategic plan to grow the Region 2 workforce for Automated–Connected–Electrified (ACE) technology jobs, with a focus on electric and automated vehicles. The resulting plan will guide talent pipeline development to meet rising demand from employers in the EV and AV sectors. 

    NOVA TechWorks | $99,993 

    Region 7: Counties of Arlington and Fairfax; Cities of Alexandria and Fairfax 

    NOVA TechWorks will reskill and upskill the region’s tech workforce for high-demand roles in clusters tied to federal contracting and emerging technologies. The project responds to shifting hiring practices, workforce disruption caused by federal spending changes, and the rise of skills-based hiring. NOVA TechWorks will also support the region’s growing life sciences activity by advancing training in AI-enabled digital health through coordinated employer partnership models and integrated support services. 

    Working in Sync with Employers (WISE) | $99,556 

    Region 7: Counties of Prince William, Loudoun, and Fairfax 

    The George Washington University will develop the Working in Sync with Employers (WISE) initiative to strengthen Northern Virginia’s life and health sciences cluster by embedding AI competencies into biomedical data, digital health and clinical research training programs. WISE will pilot an employer-informed workforce model by building programs and strategies that connect students and job seekers with internships and job opportunities in high-growth sectors.  

    Vector Space Robotics Program Feasibility Study | $96,700 

    Region 2: County of Bedford; City of Lynchburg

    This project will assess the feasibility of expanding robotics education in the Lynchburg area through a comprehensive planning study. Findings from the study will help determine the regional demand for robotics training and chart a path that strengthens the region’s technical talent pipeline.

    Continue Reading