Category: 3. Business

  • Court sides with Adidas in appeal over Kanye West collaboration

    Court sides with Adidas in appeal over Kanye West collaboration

    Adidas has fended off an appeal from shareholders who accused it of hiding misconduct by rapper-entrepreneur Kanye West – otherwise known as Ye – before their partnership broke down in 2022.

    A San Francisco court said the sportswear giant did not mislead investors, who claimed they had lost money after Adidas shares plunged when it cut ties with West.

    The Yeezy tie-up with West had been one of Adidas’ most successful partnerships, but its collapse after a spate of anti-Semitic comments by the rapper cost the brand hundreds of millions of dollars.

    The BBC has contacted Adidas for comment but could not reach the firm leading the class action or West’s team.

    West, who is not party to the lawsuit, was widely criticised after repeatedly making antisemitic remarks and promoting conspiracy theories.

    His Yeezy brand collaboration with Adidas was put under review after he showed a “White Lives Matter” T-shirt design at a fashion show in 2022. Shortly after, he posted anti-Semitic comments online, which prompted Adidas to pull his products from sale.

    West’s behaviour also prompted several companies, including Gap and JP Morgan, to sever ties with the rapper.

    Court documents filed on Wednesday show that HLSA-ILA Funds, the firm representing investors, alleged that Adidas continued its partnership with West despite knowing about his controversial conduct for years.

    The filing claims Adidas “internally grappled” with West’s behaviour but misled shareholders by failing to disclose the risk in its reports.

    The 9th US Circuit Court of Appeals in San Francisco ultimately sided with Adidas.

    The court said on Wednesday that a reasonable investor would know that a partnership with a celebrity like West could come with “inherent risks relating to improper behaviour”.

    A district court had previously dismissed HLSA-ILA’s case, and the firm later appealed.

    The collapse of Adidas’ partnership with West caused the German firm’s share price to tank in 2023.

    Yeezy, luxury sneakers designed by West, had been a particularly lucrative line of products for Adidas, generating around €1.5bn (£870m; $1.17bn) in sales in 2021.

    The partnership breakdown left Adidas with more than €1bn worth of Yeezy shoes sitting in storage. In 2023, the brand announced that it would sell those products and donate some of the proceeds to charities who worked on combating hate.

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  • Should US Growers Look to Africa as the Next Big Market? Selected Import Markets for Soybeans, Meal, and Oil

    Should US Growers Look to Africa as the Next Big Market? Selected Import Markets for Soybeans, Meal, and Oil

    Introduction

    The Soybean Innovation Lab (SIL) introduces readers to the question whether Sub Saharan Africa (SSA) presents a new market opportunity for US soybean growers. This article wraps up a three-part series on the topic of Africa as a potential export market for US soybeans. The African market presents a very complex landscape. While it is large, diverse, and growing rapidly, there exists great uncertainty, significant business risks, and demand for soybean and associated products are just beginning to emerge.

    This first article in the series focused on the larger food and oil trends dominating the African continent (see farmdoc daily from November 13, 2025).  The second article delved into the import flows of soybean, oil, and meal into Africa (see farmdoc daily from November 19, 2025).    Today’s third and final article discusses four specific country examples – Egypt, Ghana, Nigeria, and Tanzania – touching on their imports of soy and soy products, logistics infrastructure, and existing policies on genetically modified soybean imports. We also include a list of additional readings on the subject of food and agricultural trade and Africa.

    Import Markets for Soybeans, Meal, and Oil

    Egypt

    Since 2020 soybean import demand in Egypt has been rising at a compound annual growth rate (CAGR) of 4.5% and now amounts to over 172 million bushels a year (Table 1). Import growth will continue to be driven by an influx of foreign currency and growing domestic demand for soy ingredients and soy-based products. U.S. soybeans accounted for almost 70% of Egypt’s total soybean imports over the past five years and that is likely to continue due to the freight advantage over South America.

    Soybean oil and meal import demand are relatively minimal and reflect Egypt’s commitment to domestic crush. Local processors supply the Egyptian market with approximately 850,000 metric tons of soybean oil and 3.7mmt of soybean meal. Soybean oil imports amount to 8% of palm oil imports, which are 1,255,925 metric tons, and 47% larger than domestic soy oil output.

    Egypt charges no import tariffs on raw oilseeds like soybeans, sunflower seed, and palm kernel, but there are 5% tariffs on oilseed meal and cake, and 2% tariffs on soybean and sunflower seed oil. There are no tariffs on crude cottonseed and palm oil (Morgan, 2025). Egypt’s major ports, Alexandria (including El Dekheila), Damietta, and the ports within the Suez Canal Economic Zone, are critical for handling the nation’s grain and dry bulk imports.

    Nigeria

    Domestic consumption of soybeans in Nigeria continues to increase. Nigeria’s crush capacity has expanded to 875,000 metric tonnes annually, about 19% of Egypt’s capacity, and is expected to continue to grow. With a strong demand for animal feed, and edible oils, Nigeria’s demand for soybeans is estimated to be over 99 million bushels annually, or 57% of Egyptian soybean imports, significantly outstripping domestic crush capacity.  A soybean oversupply situation of 46% with respect to domestic crush has Nigeria currently importing almost no raw soybeans or soybean meal, and importing 50,000 mt or 22% of its domestic soybean oil needs (Bielecki, 2024a).  Soybean oil imports amount to 4% of palm oil imports, which are approximately 1.1 mmt.

    Nigeria’s imports are largely limited by the availability of hard currency, which is strictly controlled by the government.  Generally, Nigeria imposes high tariffs and other trade restrictions on many oilseed products, primarily to protect local producers and manage foreign exchange reserves. The specific tariffs and import eligibility have been more flexible with raw, rather than processed, oilseed imports, particularly to address food shortages and supply chain issues.

    Nigeria has several major seaports that handle grain and dry bulk commodities, with the busiest terminals located in Lagos. However, port congestion, inefficient operations, and aging infrastructure have historically presented challenges, though concessioning of terminals and new ports like Lekki aim to improve efficiency.

    Ghana

    Ghana imports almost no raw soybean and very little soybean oil (~5,000 mt). Meal imports at 230,000 mt are equivalent to 10.8 million bushels of grain. Soybean oil imports amount to only 4% of Ghana’s palm oil imports, which total 132,000 mt, or almost 27 million bushels of soybean grain equivalent.

    According to a May 2023 USDA report (Taylor, 2023), Ghana’s import tariff regime for soybeans is described as unfavorable and this has kept imports low.  An import VAT duty is applied to the Cost Insurance Freight (CIF) value, and other taxes and levies are then calculated based on the CIF value plus the import duty, creating a cumulative rate that can exceed 23% in many cases.  Ghana’s primary commercial ports are Tema and Takoradi. Recent upgrades have increased capacity at both ports for various cargo types.

    Tanzania

    Tanzania has limited oilseed processing facilities, most of which is crushing local sunflower production. Domestic production of oilseed cannot meet domestic demand, therefore the country has historically relied on imports from neighboring countries like Zambia and Malawi, although these can be subject to supply chain disruptions due to poor roads (Koster, 2025).

    The Tanzania feed market annually needs approximately 135,000 mt of soybean meal, or 173,000 mt of grain equivalent, primarily for poultry. The largest imported supplies come from Zambia, followed by India and Malawi (Koster, 2025). With Tanzania ports being located on the eastern coast of Africa, the country is at a freight disadvantage for trade with the U.S.

    Tanzania’s annual demand for edible oils is around 570,000 mt, while the domestic processors supply only 31% of demand or 180,000 mt, leading to a substantial import dependency (Koster, 2025).  Most of the domestic oil production comes in the form of sunflower oil as the nation only produces 1.9 million bushels of soybean or 1.2% of domestic edible oil demand. Imported oil fills the gap and comprises no soy and 287,000 mt of palm oil or about 50% of national annual demand for edible oil.

    Tanzania applies a 10% customs duty on crude soybean oil, which was recently introduced to align with duties on other crude oils like sunflower and cotton seed. Tanzania’s primary port for handling grain and dry bulk cargo is the Port of Dar es Salaam, which manages about 95% of the country’s international trade.

    The State of GM Regulations across Four Selected Countries in Africa

    Although GM (genetically modified) crops were initially regarded as a technological blessing for reducing food insecurity, many African countries have created regulatory barriers, either to their importation or to their domestic production. And these regulations in Africa “vary widely in their approaches, ranging from cautious approval to outright prohibitions” (Mmbando, 2024).  “Countries like Kenya have embraced GMOs for food security, while others, such as Tanzania and Uganda, remain cautious and in opposition. The regulatory challenges, coupled with infrastructural and economic barriers, continue to hinder widespread adoption in the region” (Escasura, 2025).

    Egypt allows the importation of 100% of biotech crops except for seeds used for cultivation (Table 2). Currently, Egypt has strict rules against planting genetically modified (GMO) soybeans, but allows their importation for animal feed, provided they are approved for consumption in the country of origin. The country has been considering an end to its ban on growing GMOs due to factors like grain prices, but a lack of a comprehensive biosafety law and public opinion have slowed progress.

    Table titled 'Status of GMO Import Regulations by Country' with four columns: Country, Open or Closed to GMO Imports, Status of GMO Production, and USDA FAS 2024 biotech report statement. Egypt is open except for biotech seeds for cultivation, Tanzania is completely closed, Nigeria is partially open with biotech crops in development, and Ghana is fully open with its first indigenous biotech crop released in 2024.

    Ghana is open to GM imports whether that be grain or seed. Ghana’s parliament in 2011 passed legislation to allow the use of GMO technology in agriculture. With their open stance toward biotech crops, the country has increased its production capabilities. Ghana’s National Biosafety Authority (NBA) recently approved the commercialization of 14 new genetically modified products comprising eight maize events and 6 soybean events (Taylor and Beillard, 2024).

    Nigeria places more restrictions on grain imports compared with Egypt and Ghana. It permits the import of biotech crops for Biotechnology and Other New Production Technologies Annual poultry feed, and seeds for research purposes. An approved NBMA-issued biotech seed import permit is required and needs to be submitted 270 days in advance.  There are currently five biotech crops in different developmental stages, including rice, cassava, sorghum, and potato.  A Bt corn product  called Tela Maize has been registered and commercially released in Nigeria (see https://sciencenigeria.com/tela-maize-transforming-lives-of-nigerian-farmers/ ).

    Tanzania maintains the most stringent GM regulations of the four where no GM products may be imported or commercialized in the country. While the country allows limited, contained research and has the legal framework for GMO approval, the stringent liability requirements for any potential harms have prevented the commercial release of any GM agricultural products.

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  • Empowering Independence, Connection, and Access Through Tech Innovation Across Southeast Asia and Oceania – Samsung Newsroom Australia

    Empowering Independence, Connection, and Access Through Tech Innovation Across Southeast Asia and Oceania – Samsung Newsroom Australia

     

    Every day, people navigate unique circumstances that shape how they live and interact with their surroundings. At Samsung, we hold fast to our commitment to enhance daily experiences for everyone, developing solutions and technologies that empower people to experience a more personal and impactful world.

     

    Reflecting on this purpose as we mark this year’s International Day of Persons with Disabilities, we turn the spotlight to inspiring solutions developed by youth in Southeast Asia and Oceania (SEAO) for Samsung Solve for Tomorrow (SFT) 2025—our global flagship corporate social responsibility program now in its 15th year. The program encourages students to address local and global issues using STEM (science, technology, engineering, and mathematics), and we have seen innovative solutions developed by the next generation of changemakers committed to break barriers and drive equity within their communities.

     

     

    Innovating for Independence in Sports  

    Many of us stay healthy, build friendships, and enjoy the thrill of competition and achievement through sports and physical activity. Yet, individuals living with disabilities often face barriers when taking part in such activities.  

    Inspired by real challenges faced by the community and even close friends around them, some of our SFT teams explored how the intersection of sports and technological innovation can create meaningful opportunities for all to participate and compete. Projects from the Indonesia and Singapore teams were recognised for their innovative and impactful ideas, developed in line with SFT 2025’s new global theme—Social Change Through Sport & Technology—created in collaboration with the International Olympic Community.

     

    

    Designed to help visually impaired runners navigate safely, RunSight combines smart glasses with a camera, earbuds, a computing unit, and a mobile app

     

    Team LABMINO, winner for the University category in SFT Indonesia, were inspired by a close friend and avid runner who lives with impaired vision due to cataracts. This led them to create RunSight—a wearable device that recognises track lines, detects obstacles, and estimates depth in real time. As it works without internet connectivity, RunSight enables these individuals to run freely and independently, reducing their need for guide runners.

     

    Team Pei Pei Hwa Hwa’s Ando Hypohidrosis Vest acts like a “mechanical sweat gland”, helping individuals with hypohidrosis stay cool during outdoor activities

     

    In Singapore, Team Pei Pei Hwa Hwa set out to improve outdoor experiences for individuals living with hypohidrosis—a condition that limits the body’s ability to produce enough sweat and regulate heat. In tropical climates, overheating can pose a serious risk, often leaving individuals reliant on ice packs, portable fans, or even surgery to stay cool during outdoor activities. To address this, the team developed the Ando Hypohidrosis Vest, an energy-efficient solution designed to keep the wearer’s back cool by circulating chilled coolant, enabling them to participate in everyday outdoor activities and exercise.

     

    Bridging Voices, Building Shared Understanding

    Deaf and hard of hearing individuals often face difficulties with understanding others and being understood. This prompted our Australian SFT winner to create a solution to support clearer communication.

     

    

    Access Lens helps both Deaf and hard of hearing Auslan users feel more confident, connected, and included in everyday conversations

     

    Within Australia’s Deaf and hard of hearing community, accessible and affordable Auslan (Australian sign language) translation tools remain limited. Major Prize SFT winner, Faiz Noorani, created Access Lens, a real-time augmented reality solution that uses smart glasses or a smartphone camera to convert spoken English into Auslan. Designed to run locally, Access Lens enables clearer communications with English speakers while avoiding the common barriers of other translation platforms, such as delays, cloud fees, and advertisements. With his AUD$10,000 (~US$6,574) prize money, Faiz plans to enhance Access Lens’ features, expand its reach, and build strategic partnerships to support long-term impact.

     

    Equitable Medical Access and Early Intervention

    AI SpineCheck provides a quick and easy way to screen children for scoliosis risk

     

    In Thailand, Team AI SpineCheck set out to improve early detection of scoliosis after seeing many high school students needing spinal braces or surgery due to late diagnosis-leading to higher treatment costs for more advanced cases. Current screening methods often depend on medical personnel and can be inaccessible or inconsistent for local communities. AI SpineCheck simplifies this process with an AI-powered platform that analyses photos to assess spinal alignment. This offers a more accessible and convenient way to screen for scoliosis, supporting early intervention and better health outcomes.

     

    Creating Better Accessibility and User-Centered Design for All

    A key part of inclusion is not only designing innovations specifically for persons with disabilities, but ensuring everyday products and services meet the needs of all users, regardless of ability. Guided by this philosophy, Samsung devices, appliances, and solutions are designed to be inclusive, intuitive and convenient for all.

     

    Visibility enhancement settings on the Bespoke AI Laundry Combo

     

    Our 2025 Bespoke AI home appliances incorporate more streamlined control experiences that empower all users—including those with limited mobility—towards comfortable and accessible use. With simple voice commands, such as “Open the fridge door” to cue features like Auto Open Door for refrigerators[1], or “I’m going to sleep” to turn off lights and appliances via SmartThings routine once its set up[2]—users can manage their home hands-free. The Bespoke AI Pump Combo also features a large, easy-to-read digital display that replaces traditional dials and small text for smoother wash-cycle selection.

     

    Guided by an accessibility-first approach, we constantly refine our designs across product development cycles, working closely with users to test and enhance usability. For instance, Samsung added audio guidance, color inversion or grayscale modes in their screen-equipped appliances for users with visual impairments. To make Samsung appliances easier to navigate, it keeps discovering new ways to enhance accessibility as shown in the award-winning[3] “Samsung Inclusive Essentials” concept, which aims to standardise sensory cues across products.

     

    Building a More Inclusive Future Together

     

    By seamlessly weaving intelligent, inclusive technology into everyday life, Samsung ensures that everyone—regardless of ability or environment—can enjoy connected and personalised experiences. From empowering communities through programs like Solve for Tomorrow to embedding accessibility into our products and services, we remain committed to enabling individuals to live more independently and open up more possibilities for people in their daily life.

     

    [1] Products and models equipped with the feature may vary by market

    [2] Requires a wireless network, a Samsung account and the Samsung SmartThings App. Must be manually set up by the user to trigger this command.

    [3] At the 2025 International Design Excellence Awards (IDEA), Samsung received a Gold Award for its “Samsung Inclusive Essentials” concept in the Concepts & Speculative Design category

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  • Indian rupee to rise from record lows, but US trade deal key for recovery: Reuters poll – Reuters

    1. Indian rupee to rise from record lows, but US trade deal key for recovery: Reuters poll  Reuters
    2. Rupee cracks below 90 to the dollar, hit by tariffs, capital outflows  Reuters
    3. Indian rupee hits fresh record low past 90 per dollar  Dawn
    4. Rupee’s slide to have only marginal impact on inflation; govt could better fiscal deficit target in…  Moneycontrol
    5. Rupee slide spurs India Inc to tweak FX hedge playbook  The Economic Times

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  • General Dynamics NASSCO and South Korean Shipbuilding Leaders DSEC Co. and Samsung Heavy Industries Co. Sign Tri-Party Memorandum of Agreement

    General Dynamics NASSCO and South Korean Shipbuilding Leaders DSEC Co. and Samsung Heavy Industries Co. Sign Tri-Party Memorandum of Agreement

    SAN DIEGO, Dec. 3, 2025 /PRNewswire/ — General Dynamics NASSCO, a business unit of General Dynamics (NYSE:GD), and its long-term partner, DSEC Co., Ltd., together with Samsung Heavy Industries Co., Ltd. (SHI) of South Korea announced today the signing of a tri-party Memorandum of Agreement – joining forces to collaborate on their industry leading ship design and manufacturing automation and technology in the U.S. market.

    The partnership will advance all three companies’ endeavors into commercial, naval, and other government shipbuilding projects, including the U.S. Navy’s Next Generation Logistics Ship (NGLS), and will leverage decades of common experience and success teaming in U.S.-South Korean shipbuilding.

    General Dynamics NASSCO has been the U.S. leading designer and builder of major naval auxiliary and commercial vessels since the 1950s, delivering over 150 vessels to date. NASSCO is currently building the U.S. Navy’s 20-ship class of John Lewis (T-AO 205) Fleet Oilers and is designing the U.S. Navy’s future Submarine Tender (AS-X) class. Recent commercial programs include ConRo ships, containerships, and medium range (MR) tankers, all designed with DSEC and other South Korean partners, leveraging NASSCO’s long history of cooperation with some of the world’s leading ship designers and builders.

    “This partnership brings together three extraordinary companies with a track record of success and over 160 years of combined shipbuilding and design experience,” said Dave Carver, president of General Dynamics NASSCO. “Having worked closely with DSEC over the last two decades and now welcoming Samsung Heavy Industries, there is great opportunity in leveraging our expertise and years of learning to execute on the next generation of shipbuilding.”

    DSEC Co., Ltd. provides a complete range of shipbuilding and marine engineering services, including ship design, material procurement, quality management, shipyard operations and development consulting, logistics support, and eco retrofit solutions. With over three decades of experience, DSEC has worked extensively on U.S. built ship designs and material packages throughout the U.S., supporting a wide variety of commercial, naval, and government ship programs.

    “This MOA strengthens our long-standing collaboration with General Dynamics NASSCO by combining the capabilities of Samsung Heavy Industries and we look forward to contributing greater value to the U.S. shipbuilding and maritime industry,” said Mr. Seogyong Youn, president of DSEC.

    Samsung Heavy Industries Co., Ltd. (SHI) is recognized as one of the world’s leading shipbuilders, specializing in the engineering, procurement, construction, commissioning, and delivery of advanced commercial vessels. Its portfolio includes liquefied natural gas carriers (LNGC), container ships, drill ships, and floating production units for the oil and gas industry. SHI currently holds the top global market share in drill ships, LNG carriers, and floating LNG production units (FLNG). The company is actively engaged in the construction of three FLNG units and 120 commercial ships.

    “Through this tri-party collaboration, SHI is committed to leveraging its technological expertise, skilled workforce and production infrastructure to enhance the capabilities of the U.S. shipbuilding industries,” said Mr. Joonyun Kang, director of SHI.

    SOURCE General Dynamics NASSCO

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  • Abu Dhabi sovereign fund accuses US private equity firm of self-dealing in lawsuit

    Abu Dhabi sovereign fund accuses US private equity firm of self-dealing in lawsuit

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    One of the world’s largest sovereign wealth funds is suing a US private equity firm, accusing it of attempting to short-change investors on the sale of a portfolio company to another one of its funds.

    The Abu Dhabi Investment Council is seeking to block Energy & Minerals Group from selling its stake in Ascent Resources, one of America’s largest private gas drillers, to one of the private equity firm’s sister funds. The sovereign fund alleges the deal undervalues Ascent while generating a windfall for the new fund managed by EMG.

    The wealth fund said in a court filing unsealed on Wednesday: “Defendants are trying to force a conflicted sale of EMG fund assets to a continuation vehicle to reap a massive benefit for themselves at the expense of ADIC and the other investors to whom defendants owe fiduciary duties.”

    The dispute sheds new light on the potential conflicts of interest that arise as private equity firms increasingly exit ageing deals by selling companies between funds they manage instead of taking them public or finding outside buyers such as large corporations or other buyout groups.

    Such transactions, known as continuation fund deals, have grown in popularity in recent years as private equity groups have struggled to find buyers for trillions of dollars in unsold assets. Continuation deals amounted to a record 19 per cent of all PE asset sales in the first half of 2025, the Financial Times previously reported. But they are viewed warily by investors, given that buyout groups arrange the deals and are on both sides of the transactions.

    An investor in Ascent Resources told the FT they believed the gas driller was worth more than $7bn when including debt. But EMG’s continuation fund plans to buy its over 30 per cent stake in Ascent at roughly a $5.5bn valuation, leaving investors with lower proceeds than what they believe they could get from an initial public offering or a sale to a third party. EMG is also asking to pay its investors over a two-year time period, further lowering the present value of the proceeds, they said.

    However, other private equity groups that specialise in energy passed on the deal based on the belief that Ascent was overvalued, other people briefed on the matter said.

    EMG, a $12bn Texas-based group founded by John Raymond, the son of former ExxonMobil chief executive Lee Raymond, first invested in Ascent in 2014 when the company, founded by the late shale gas-drilling baron Aubrey McClendon, was called American Energy Partners. It is one of the leading gas drillers in the US with vast resources in Ohio’s Utica shale. In the ensuing decade, many energy-focused private equity groups were stung by deep downturns in the industry. They have since earned lacklustre returns and struggled to raise new money from investors.

    EMG’s four most recent funds all have earned net returns of 10 per cent or less, according to public pension documents filed by the Minnesota State Board of Investment. While the group has not announced a new private equity fundraise since 2019, it completed a $1.1bn continuation fund earlier this year for midstream assets it held in decade-old funds.

    A continuation fund deal would increase EMG’s ownership in Ascent and restart its ability to earn management fees and potentially lucrative performance fees if the driller’s value rises in the coming years.

    The sovereign wealth fund said in its complaint it believed the deal incentivised EMG “to buy out its current investors, including ADIC, at as low a price as possible”.

    It also said the PE firm stood to “earn no or minimal carried interest on the asset if an exit to a third-party buyer were to happen now”.

    In addition to arguing EMG’s deal might short-change some investors, the sovereign fund criticised the speed at which the private equity group broached the continuation fund deal with its investors and tactics to win their consent which it called “underhanded” and “misleading”, the filing said.

    ADIC alleged the PE group coerced investors to support its continuation fund deal by providing them with substantially lower valuations for Ascent than they did to prospective new buyers.

    ADIC also claimed EMG concealed alternatives to the fund-to-fund deal, such as internal IPO plans and interest from third-party buyers. It is now asking EMG to launch a formal sale process for Ascent.

    The sovereign fund is a part of Abu Dhabi’s broader state-backed investment group Mubadala, which manages more than $300bn in assets and is one of the largest investors in the world.

    The sovereign fund said it could not comment on open litigation. EMG and its founder John Raymond did not respond to messages seeking comment.

    Additional reporting by Arash Massoudi in London and Chloe Cornish in Dubai

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  • NTT DATA signs agreement to acquire SPRO, strengthening its capabilities in SAP for agribusiness in Brazil

    NTT DATA signs agreement to acquire SPRO, strengthening its capabilities in SAP for agribusiness in Brazil

    December 4, 2025

    NTT DATA, Inc.

    Bielefeld, Germany/São Paulo, Brazil – December 3, 2025 – NTT DATA Business Solutions, a leading global IT service provider focused on SAP, today announced the signing of an agreement to acquire SPRO IT Solutions, a leading SAP provider in the agribusiness industry in Brazil. The terms of the acquisition have been finalized and will be completed following approval from the Administrative Council for Economic Defense (CADE).

    Founded in 2008, SPRO is a national agribusiness leader, with expertise across key production chains including grain origination, animal protein, agricultural inputs, seeds, retail, and biofuels. Serving cooperatives, agro-industries, seed companies and trading firms across Brazil, the company promotes intelligent integration across all aspects of the agribusiness chain, from field to end consumer. As a SAP Gold Partner, SPRO collaborates with major global technology players including SAP, AWS, Microsoft, and Google, accelerating the strategic digitalization of its clients and solidifying its position as one of the leading references in innovation applied to Brazilian agribusiness.

    “Brazil is among the top ten global markets for IT services, with agribusiness playing a leading role across many regions of the country. By welcoming SPRO into our organization, we are not only strengthening our SAP capabilities in a key industry, but also deepening our commitment to innovation and sustainable growth in the region. SPRO’s proven expertise and strong customer relationships will help us deliver greater value to our clients and accelerate our global strategy”, said Norbert Rotter, CEO, NTT DATA Business Solutions AG.

    SPRO is dedicated to driving end-to-end digital transformation for agribusiness, providing a software platform and services that support operational efficiency, governance, and productive sustainability. Operating in the South, Southeast, Midwest, and North regions of Brazil – where the sector’s main players are concentrated – the company has become a technology leader in agribusiness. The company offers proprietary solutions on the SAP Store and holds various certifications and recognitions, such as the SAP Delivery Excellence Award, which reinforce its leadership, credibility, and commitment to innovation in the sector.
    “This acquisition creates new opportunities for cross-selling and upselling, leveraging the strengths of both organizations. SPRO will join our Global Centersof Excellence, fostering knowledge exchange and driving productivity. Agribusiness is a fundamental pillar of the Brazilian economy, representing around 29.4% of the national GDP and accounting for a significant share of the country’s exports. With SPRO’s expertise in SAP for key agribusiness production chains and global collaboration with other NTT DATA units, we will further enhance our ability to deliver innovative solutions and support our international expansion,” said Ricardo Fachin, Managing Director, NTT DATA Business Solutions Brazil.

    Almir Miguel Meinerz, CEO at SPRO, comments: “With over 350 employees, our mission is to drive technological innovation in agribusiness, transforming data into intelligence and delivering tangible results for our clients. Joining NTT DATA Business Solutions marks an important milestone for SPRO, our team, and the entire ecosystem of clients and partners we’ve built over 17 years. We are excited by the opportunity to develop joint solutions for SAP clients, expand our market-recognized offerings, and accelerate our growth both in Brazil and beyond.”

    The acquisition of SPRO will add around 70 customers to the portfolio of NTT DATA Business Solutions. The company will become a subsidiary of NTT DATA Business Solutions – Serviços de Tecnologia Ltda. in Brazil and will operate as an independent company after the acquisition, using the brand name “SPRO, an NTT DATA Company”.

    For more information, please visit nttdata-solutions.com.

    About NTT DATA

    NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.
    Visit us at nttdata.com

    About NTT DATA Business Solutions

    NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 18,300 dedicated employees in over 30 countries work passionately every day to make it happen.

    NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize, and transform for long-term success. NTT DATA is part of NTT Group.

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  • Novo Nordisk still sees potential in Ozempic for Alzheimer’s, despite trial setbacks

    Novo Nordisk still sees potential in Ozempic for Alzheimer’s, despite trial setbacks

    Novo Nordisk says it still thinks GLP-1 drugs could be a promising treatment for Alzheimer’s, despite two major trials last month that found an older drug similar to Ozempic had no effect in slowing early-stage disease.

    While GLP-1 drugs have become synonymous with dramatic weight loss, they’ve also become one of the most closely watched experimental approaches for slowing Alzheimer’s, a disease with few treatment options.

    That’s why Novo Nordisk’s announcement last month that it discontinued two large trials — evoke and evoke+ — was viewed as a major setback for Alzheimer’s researchers and patient advocates.

    “This is not what we hoped for,” Dr. Peter Johannsen, Novo Nordisk’s international medical vice president of obesity and cardiometabolic, said in an interview. “We really did expect a change.”

    Scientists have spent years studying how GLP-1 medications affect inflammation, metabolism and blood vessels in the brain — factors long suspected to contribute to Alzheimer’s, said Donna Wilcock, the director of the Center for Neurodegenerative Disorders at the Indiana University School of Medicine. Obesity and diabetes — both treated by GLP-1 drugs — are also risk factors for Alzheimer’s and can cause changes in the brain that look similar to the disease.

    “If you look at everything that we currently understand about how the GLP-1s act in the body, all that kind of points to maybe they’ll do something in Alzheimer’s,” Wilcock said.

    On Wednesday, Novo Nordisk scientists presented the findings of their Phase 3 trials at the Clinical Trials on Alzheimer’s Disease conference in San Diego. The studies showed an oral version of semaglutide for Type 2 diabetes, sold under the brand name Rybelsus, didn’t slow the progression of memory and thinking problems in older adults. Semaglutide is the active ingredient used in Ozempic and Wegovy.

    The trials included almost 4,000 older adults in total with mild cognitive impairment or early-stage Alzheimer’s disease. Participants took either Rybelsus or a placebo for two years. Cognitive decline was measured using a rating scale that focused on six areas: memory, orientation, judgment and problem solving, community affairs, home and hobbies, and personal care.

    However, there were signs that the drug was having an effect under the surface, Johannsen said.

    Biomarkers — signs that show whether a person is responding to a treatment — suggested reduced inflammation and slower neurodegeneration in people who got Rybelsus. The reductions were modest, at around 10%, compared with a placebo, and Johannsen said it may take closer to 20% or 25% to translate into a real clinical benefit.

    “We’re happy to see that it actually moves some of the biomarkers that are very related” to Alzheimer’s, Johannsen said, adding that the company is still reviewing all the data. “We’ll of course assess all of this and then we’ll see what the future brings.”

    Too low of a dose?

    Dr. Ronald Petersen, a neurologist at the Mayo Clinic in Rochester, Minnesota, who was not involved in the research, said a possible explanation for the disappointing results could be flaws in the trials, including that researchers gave participants too low of a dose.

    Participants got the highest available dose of Rybelsus. That dose, however, is far below what’s given in weekly semaglutide injections.

    Oral forms of medications also tend to be less effective than injections. That’s because the stomach acid can break down the drug before it reaches the bloodstream.

    “Perhaps they were underdosed,” Petersen said. “They’ve got a lower dose than they had used for other indications.”

    Johannsen said patients in the trial had high levels of semaglutide in their blood — even slightly higher, on average, than what was seen in some of the diabetes trials using the weekly injections.

    “They did get exposed to semaglutide; they did get it into the blood,” he said.

    Wilcock said using injections could be risky: The trial was made up of mostly older adults, who are often frail and could face health risks if they lost too much weight.

    “If they progress to dementia, they sometimes have issues with diet and food, so do we want to exacerbate those things?” she said.

    A different mechanism

    Petersen was also critical of how the trials measured cognitive decline.

    Researchers relied on the CDR-SB, a standard scale used in Alzheimer’s studies. It’s the same scale that was used in the trials for Leqembi and Kisunla, two drugs that aim to slow the progression of the disease by clearing clumps of protein called amyloid plaques from the brain.

    Results presented Wednesday showed the CDR-SB score for people who got Rybelsus was not statistically different from those who did not get the drug.

    But GLP-1 drugs don’t target amyloid. They act through different pathways in the brain and body, which means the usual cognitive tests may not be sensitive to the kinds of changes these drugs might produce.

    “It could be that drugs like this work on other mechanisms, not Alzheimer’s disease, per se,” Petersen said. “Consequently maybe the CDR is not the best measure. With their mechanism of action, it may be quite different.”

    Petersen said that raises a challenge for future trials: A different mechanism may require a different way of measuring how well it works, something regulators may be reluctant to accept.

    “They don’t like you testing a drug with a nonspecific target using endpoints that aren’t traditionally tied to what you’re treating,” he said.

    Dr. Paul Edison, a professor of neuroscience at Imperial College London who worked with Novo Nordisk on an earlier Alzheimer’s trial, said the participants in the trials may have been treated too late in their disease.

    “GLP-1 therapies appear to work upstream, improving insulin signalling, dampening inflammation, and supporting mitochondrial health,” he wrote in an email. “These processes may help prevent or delay early neurodegeneration but may not reverse or halt disease once protein aggregation and synaptic loss are well underway.”

    Even though the trials enrolled people with “early Alzheimer’s,” Edison noted that the disease likely had been developing silently for decades.

    “For a metabolic-acting drug, this may simply be too late,” he said.

    Other forms of dementia

    Johannsen suggested it isn’t off the table that the drugmaker could look into testing even earlier in the disease or before people show symptoms.

    “That, of course, is a long discussion and very much where the field in many ways is moving,” he said.

    Johannsen also said that outside experts have suggested that the company should look into testing the drug for other forms of dementia.

    “The reason for choosing Alzheimer’s disease for this program was very much the input from the FDA,” he said.

    Petersen said that while the initial results were a “little discouraging,” many in the Alzheimer’s community still believe that GLP-1s can potentially help treat the disease.

    “Is it possible that GLP-1s would be best in the preclinical space?” Petersen asked, referring to the earliest stages of the disease, before a person is diagnosed.

    Wilcock said she doesn’t think research looking into GLP-1s and Alzheimer’s is “dead.”

    “I don’t think it’s a nail in the coffin,” she said.

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  • Details of failed studies cast pall on Novo Nordisk's GLP-1 as Alzheimer's treatment – Reuters

    1. Details of failed studies cast pall on Novo Nordisk’s GLP-1 as Alzheimer’s treatment  Reuters
    2. Novo Nordisk A/S: Evoke phase 3 trials did not demonstrate  GlobeNewswire
    3. Why GLP-1s Won’t Be Prescribed for Alzheimer’s Anytime Soon  Oprah Daily
    4. Semaglutide’s Alzheimer’s miss. Plus: Vaccine policy, funding for cell, gene therapies  BioCentury
    5. Oral semaglutide fails to slow Alzheimer’s in pair of clinical trials  Alzheimer’s News Today

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  • Fortescue and TISCO join forces on green ironmaking technology trial

    4 December 2025

    Fortescue and Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO), a subsidiary of China Baowu, have signed a technology development agreement to explore new low-carbon metallurgical processes to help the steel industry accelerate its decarbonisation.

    Fortescue and Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO), a subsidiary of China Baowu, have signed a technology development agreement to explore new low-carbon metallurgical processes to help the steel industry accelerate its decarbonisation.

    Under the agreement, the companies will collaborate on an industrial trial of hydrogen-based plasma-enhanced iron and steel metallurgy. This emerging technology has the potential to create a more compact, energy-efficient and hydrogen-enabled ironmaking process, removing the need for sintering, pelletising and coking. For Fortescue, it also presents an opportunity to explore another low-carbon ironmaking route that could be compatible with its Pilbara ores.

    The project includes the design, construction and operation of a pilot industrial test line capable of producing up to 5,000 tonnes of molten iron per year.

     Fortescue will provide financial support for the development program and establish a joint technical committee with TISCO and relevant partners to jointly advance its implementation.

    Fortescue Growth and Energy CEO, Gus Pichot said: “This partnership is about pushing the boundaries of what’s possible in green ironmaking.

    “Hydrogen-based plasma technology shows real promise. We want to see how it can support green ironmaking using Fortescue Pilbara ores, and whether it can run reliably in continuous production.

    “TISCO brings a huge amount of experience and working together gives us a powerful platform to trial emerging technologies. It’s another way we’re backing innovation that could reshape how green iron is made.”

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