Category: 3. Business

  • RSM Reports Record-Breaking European M&A Activity and 2026 Trends

    RSM Reports Record-Breaking European M&A Activity and 2026 Trends

    • 768 deals completed in 2025, led by middle-market businesses.
    • Engineering and Manufacturing emerges as strongest sector, overtaking telecommunications, media and technology.
    • Market momentum proves testament to investors and businesses operating across diverse European economies.

    After advising on a record 768 completed transactions across Europe in 2025, RSM shares its latest European analysis in its latest M&A trends report. 

    Heading into 2025, dealmaking looked set to be conducted against a complex backdrop of macroeconomic volatility, geopolitical uncertainty and evolving financing conditions. 

    As the year progressed, M&A activity thrived. Private equity and other investors deploying capital selectively, focusing on sectors with clear growth drivers and resilient mid-market business models.

    RSM’s market outlook offers insight on the forces that shaped dealmaking across different sectors, and how these are expected to influence the market as it moves through 2026.

    Key insights include:

    • Engineering and manufacturing emerged as the most active sector in 2025, with RSM advising on 156 completed deals, overtaking technology, media and telecommunications, which recorded 146 deals after leading the market in 2024.
    • Business services also saw strong M&A activity, with 152 completed deals, as investors continued to back essential service providers in areas such as professional services, testing, audit and compliance, where recurring demand and consolidation opportunities remain attractive.
    • In the middle-market, valuation expectations have adjusted more quickly to higher interest rates, narrowing buyer–seller gaps, while supportive private debt financing continues to underpin deal activity.
    • Private equity’s continued role in the market reflects strong capital availability, with deployment increasingly concentrated in the middle-market, resilient cash-flow businesses and value creation through buy-and-build strategies, rather than large, highly leveraged transformational deals.

    Lee Castledine, Partner at RSM in the UK and Chair of RSM’s Global Financial Due Diligence Leadership Team, said: “Middle-market businesses are the unsung heroes of European M&A, thriving with agility and resilience even in the toughest markets,

    “In 2025, we saw this play out most notably in sectors such as engineering and manufacturing, where long-term demand and fragmented markets were well suited to structured, mid-market investment strategies.

    “As the market moves through 2026, we expect businesses to continue taking a measured and selective approach to M&A, focusing on sectors where growth prospects are most clearly defined. Private equity is likely to remain a central driver of deal activity, supported by disciplined investment approaches and a focus on opportunities with a clear strategic or geographic rationale.”

    Read more about our European M&A deals, and download our recent Industry trends and growth drivers report.

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  • Shipsy Launches AgentFleet, an AI Workforce for Logistics Operations

    AMSTERDAM, March 19, 2026 /PRNewswire/ — Shipsy, a leading provider of AI-native solutions for logistics, today announced AgentFleet, an AI workforce organized around operational roles such as customer experience, operations, finance, with purpose-built agents executing task workflows within each role alongside human teams.

    Logistics operations remain heavily manual despite years of digitization. Every day, logistics teams chase drivers, answer WISMO calls, reconcile invoices line by line, and resolve disputes manually. As shipment volumes grow, this complexity does not scale. Logistics workforces face high attrition and labor shortages while customer experience expectations rise and shipment complexity grows. Enterprise AI is now reliable enough to execute, not just assist.

    AgentFleet introduces an AI workforce that works alongside human teams. These agents monitor signals, make decisions within defined rules, and execute tasks across systems. This shifts operations managers from firefighting to supervisory roles, overseeing AI activity and focusing on high-value decisions. Logistics platforms transform from passive systems of record into systems of action: observe, decide, execute, and escalate only when necessary. This transition moves operations from reactive to proactive, with agents resolving exceptions before they escalate.

    AgentFleet ships with role-specific AI co-workers, each built for a distinct operational function:

    Clara, Customer Experience AI Co-worker Proactively communicates delivery updates and resolves customer queries via WhatsApp, voice, email, and SMS, in the customer’s local language. Early deployments show 30–40% reductions in inbound support volumes.

    Astra, Driver Experience AI Co-worker Provides real-time route guidance, coordinates with hubs and customers, and gives instant payout clarity. Early deployments show 18–20% improvements in driver productivity across third-party fleets.

    Nexa, Finance AI Co-worker Validates 100% of freight invoices, not samples, with four-way matching across vendor claims, execution data, GPS records, and PODs. Organizations achieve 20–25% faster settlement cycles and up to 50% reduction in manual workload.

    Vera, Dispute Resolution AI Co-worker AI-led financial dispute management for carriers and vendors. Organizations see 20–25% faster dispute resolution cycles and reduced operational backlogs.

    AgentFleet integrates with existing TMS platforms, ERPs, and third-party logistics systems as an augmentation layer, with no rip-and-replace required. Each agent operates within pre-approved guardrails covering role-based access, approval workflows, and full audit trails. Enterprises can begin with a single agent role and expand incrementally across functions.

    “Logistics operations are under more pressure than ever, with rising demand, workforce constraints, and increasing expectations,” said Soham Chokshi, Co-Founder and CEO at Shipsy. “AgentFleet gives teams an AI workforce that observes, decides, and acts. The future of operations is supervisory—directing agents, not executing tasks.”

    Learn more at agentfleet.shipsy.ai.

    About Shipsy

    Shipsy is redefining the logistics industry with its AI-native Enterprise Transportation Management Platform, helping nine Fortune 500 companies and eighteen leading logistics players transition toward autonomous supply chains. Shipsy powers operations for 250+ customers across 30+ countries, is featured in the Gartner Magic Quadrant for Transport Management (global) and Warehouse Management (APAC), with global offices in London, Amsterdam, Riyadh, Dubai, Singapore, Sydney and India. Learn more at www.shipsy.ai

    SOURCE Shipsy

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  • Impacts of war in Iran on the Aviation insurance sector

    Geopolitics and the more fractured global landscape always represented my top risk for the insurance market in 2026. I wasn’t expecting it to become so acute so soon into 2026 and, while the Iran war is a dynamic situation, I suspect it will only expedite and exacerbate a hardening of, and capacity issues in, the aviation hull war market as well as reconsideration of/amendments to policy terms.

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  • Allergan Aesthetics Reveals Evolution in Approach to Modern Aesthetic Treatments with Comprehensive Global Survey and New Educational Solutions

    Allergan Aesthetics Reveals Evolution in Approach to Modern Aesthetic Treatments with Comprehensive Global Survey and New Educational Solutions

    Global data from over 12,000 consumers signals the future of modern aesthetics will be multimodal treatment plans and holistic, natural results

    Comprehensive data-based educational solutions to be presented at the Aesthetic and Anti-Aging Medicine World Congress 2026 (AMWC) in Monaco

    IRVINE, Calif., March 19, 2026 /PRNewswire/ Allergan Aesthetics, an AbbVie company (NYSE: ABBV) and global leader in medical aesthetics, today announced new global consumer research highlighting how patient expectations in medical aesthetics are evolving, and will present the next evolution of its AA Signature™ framework, to address this changing treatment need, at the AMWC 2026 in Monaco.

    “Medical aesthetics is entering an exciting era, where patients are embracing a broader, more holistic perspective on their treatment journeys,” remarked Mark Wilson, Senior Vice President, International, Allergan Aesthetics. “Our latest research offers compelling evidence of the shift in expectations – underscoring trends practitioners are already seeing in the clinic,” Wilson continued. “Patients are not only increasingly willing to explore treatment combinations, but they are seeking greater clarity and truly bespoke plans to guide them towards authentic, natural-looking results over time.”

    The findings are based on one of the largest global consumer studies exploring attitudes toward aesthetic treatments, surveying more than 12,000 beauty-involved consumers across nine countries.1 The research provides new insight into how patients are navigating an expanding range of aesthetic options and the growing role practitioners play in guiding treatment decisions.

    “At AMWC, our program provides a tangible demonstration of how Allergan Aesthetics has built a portfolio and education platform to help healthcare professionals deliver the results their patients’ want. We continue to learn and evolve our proprietary multimodal approach, AA Signature™ through the introduction of elevated Signature Looks” Wilson continued. “Our proven portfolio is designed not only to perform individually, but to integrate seamlessly with one another and alongside other modalities. Through structured treatment frameworks, science and education, we’re helping practitioners deliver personalised outcomes within holistic aesthetic treatment plans.”

    At AMWC 2026, Allergan Aesthetics will launch the research findings in a new report Layered Beauty: The New Aesthetic Mindset. The report highlights that 62% find multiple aesthetic treatments appealing1, 59% are likely to adopt a structured multi-treatment approach1 and 78% would feel more satisfied with their aesthetic journey working to an agreed long-term plan with their practitioner.1

    AA Signature™: One Year On

    AA Signature™ was developed in collaboration with experts as a portfolio-led framework to support personalised, multimodal treatment planning. One year on, AA Signature™ is evolving to include new elevated looks, expanded indications and enhanced product integration, reflecting changing patient expectations.

    Allergan Aesthetics’ new research found that 74% intend to improve facial skin quality in the next 12 months,1 while 63% cite improving elasticity and addressing ageing as top aesthetic goals1(p33). Around 30% identify skin quality improvement as the starting point for a multi-treatment plan.1

    Introducing AA Signature™ Skin360+

    Designed around the way the skin behaves across layers and dimensions, AA Signature™ Skin 360+ was driven by real-world consumer needs and reinforces Allergan Aesthetics’ commitment to continuously evolve how its portfolio works alone, and in combination with other modalities. At AMWC 2026 Allergan Aesthetics and globally recognised faculty will provide structured guidance to support sequential treatment planning, integrating injectable treatments with energy-based devices.

    AMI Programme at AMWC 2026

    Allergan Aesthetics will bring the research insights and AA Signature™ evolution to life through two flagship symposia delivered by the Allergan Medical Institute (AMI).

    • Day One 26 March at 10:45- 12:45: AA Signature: Personalized Multimodal Skin Journeys for the Modern Aesthetic Patient
      This session will focus on AA Signature™ Skin360 using Juvéderm, BOTOX™ and HArmonyCa™, alongside energy-based device integration within multimodal treatment strategies with world renowned experts Dr. Reha Yavuzer, Dr. Julia Carroll, Dr. Andre Braz, Dr. Raafat Lakis and Dr. Sheila Mulatti.
    • Day Two 27 March at 09:45 – 12:45: AA Signature™ and MD Codes™: Innovation Driving the Future of Medical Aesthetics
      This symposium will explore AA Signature™ distinct definition and lower face refinement using structured, anatomy-led sequencing with contributions from Dr Mauricio De Maio, Dr. Alessandro Gritti and Dr Gu.

    Live injection sessions from Dr Mauricio De Maio will demonstrate combination approaches for chin and jawline correction alongside skin quality improvement, reinforcing the principle of small changes delivering meaningful impact.

    Medical Meetings

    A dedicated Global Medical Affairs Symposium, Innovation in Neurotoxins and Multimodal Approach: Transforming Aesthetic Practice Through Advanced Science, will take place on Friday 27 March in the Nijinski Auditorium, Grimaldi Forum.

    It will explore unmet needs in the neurotoxin arena, and the role of multimodal strategies beyond dynamic lines with expert panellists including Dr. Steven Dayan, Dr Terrane Keaney, Ada Regina Trindade de Almeida and Sylwia Lipko-Godlewska.

    Allergan Aesthetics will also present 21 scientific e-posters showcasing robust scientific innovation throughout its growing portfolio and demonstrating its leadership in advancing multimodal approaches to aesthetics.

    Science of Aging: The Future of Longevity Medicine in Aesthetics

    Global experts will explore how aging science has evolved throughout the years and discuss the importance of grounding the narrative around longevity medicine in foundational science and the translatability to the clinic setting.

    • Day One 26 March at 16:30-18:30 Geroscience, AI & the Future of Aesthetic Longevity

    Allergan Aesthetics Booth P3

    Attendees can explore AA Signature™ approach, attend Meet the Expert sessions and engage with the Allergan Aesthetics portfolio at the company’s booth (P3) throughout the congress.

    Through its integrated presence at AMWC 2026, Allergan Aesthetics continues to demonstrate its commitment to advancing multimodal aesthetic practice through innovation, education and science.

    References

    1. Allergan Aesthetics Global Holistic Beauty Research. REF REF-145017

    Notes to editors:

    AA Signature 
    AA Signature™ is a multimodal portfolio-based approach to treatment that integrates Allergan Aesthetics’ leading products, AMI training, and services to deliver a personalized treatment approach, whether patients are looking for lift, more definition or improved skin quality.

    About the research

    To better understand how today’s culture is reshaping aesthetic decision-making, Allergan Aesthetics commissioned a large-scale global research study spanning nine countries (Canada, United States, United Kingdom, China, Brazil, France, Germany, Thailand and KSA) and more than 12,286 beauty-involved consumers. The study explored evolving attitudes, treatment behaviours and expectations around combination and multimodal approaches to aesthetics, revealing a clear shift away from isolated, single interventions towards the need for integrated, personalised treatment plans delivered over time. This research was undertaken to help Allergan Aesthetics better understand these changing behaviours and support the development of structured approaches to treatment such as AA Signature™, reflecting how patients now approach aesthetics. The research was carried out in November and December 2025.

    BOTOX® Cosmetic (onabotulinumtoxinA) Important Information

    Indications

    BOTOX® Cosmetic (onabotulinumtoxinA) is indicated in adult patients for the temporary improvement in the appearance of:
    – Moderate to severe glabellar lines associated with corrugator and/or procerus muscle activity
    – Moderate to severe lateral canthal lines associated with orbicularis oculi activity
    – Moderate to severe forehead lines associated with frontalis activity
    – Moderate to severe platysma bands associated with platysma muscle activity

    IMPORTANT SAFETY INFORMATION, INCLUDING BOXED WARNING

    WARNING: DISTANT SPREAD OF TOXIN EFFECT 

    Postmarketing reports indicate that the effects of BOTOX® Cosmetic and all botulinum toxin products may spread from the area of injection to produce symptoms consistent with botulinum toxin effects. These may include asthenia, generalized muscle weakness, diplopia, ptosis, dysphagia, dysphonia, dysarthria, urinary incontinence, and breathing difficulties. These symptoms have been reported hours to weeks after injection. Swallowing and breathing difficulties can be life threatening and there have been reports of death. The risk of symptoms is probably greatest in children treated for spasticity, but symptoms can also occur in adults treated for spasticity and other conditions, particularly in those patients who have an underlying condition that would predispose them to these symptoms. In unapproved uses and approved indications, cases of spread of effect have been reported at doses comparable to those used to treat cervical dystonia and spasticity and at lower doses.

    CONTRAINDICATIONS 
    BOTOX® Cosmetic is contraindicated in the presence of infection at the proposed injection site(s) and in individuals with known hypersensitivity to any botulinum toxin preparation or to any of the components in the formulation.

    WARNINGS AND PRECAUTIONS 
    Lack of Equivalency Between Botulinum Toxin Products
    The potency Units of BOTOX® Cosmetic are specific to the preparation and assay method utilized. BOTOX® Cosmetic is not equivalent to other preparations of botulinum toxin products, and therefore, Units of biological activity of BOTOX® Cosmetic cannot be compared to nor converted into Units of any other botulinum toxin products assessed with any other specific assay method.

    Spread of Toxin Effect 
    Please refer to Boxed Warning for Distant Spread of Toxin Effect.

    No definitive serious adverse event reports of distant spread of toxin effect associated with dermatologic use of BOTOX® Cosmetic at the labeled dose of 20 Units (for glabellar lines), 24 Units (for lateral canthal lines), 40 Units (for forehead lines with glabellar lines), 44 Units (for simultaneous treatment of lateral canthal lines and glabellar lines), and 64 Units (for simultaneous treatment of lateral canthal lines, glabellar lines, and forehead lines) have been reported. Patients or caregivers should be advised to seek immediate medical care if swallowing, speech, or respiratory disorders occur.

    Serious Adverse Reactions With Unapproved Use 
    Serious adverse reactions, including excessive weakness, dysphagia, and aspiration pneumonia, with some adverse reactions associated with fatal outcomes, have been reported in patients who received BOTOX® injections for unapproved uses. In these cases, the adverse reactions were not necessarily related to distant spread of toxin, but may have resulted from the administration of BOTOX® to the site of injection and/or adjacent structures. In several of the cases, patients had preexisting dysphagia or other significant disabilities. There is insufficient information to identify factors associated with an increased risk for adverse reactions associated with the unapproved uses of BOTOX®. The safety and effectiveness of for unapproved uses have not been established.

    Hypersensitivity Reactions 
    Serious and/or immediate hypersensitivity reactions have been reported. These reactions include anaphylaxis, serum sickness, urticaria, soft-tissue edema, and dyspnea. If such a reaction occurs, discontinue further injection of BOTOX® Cosmetic and immediately institute appropriate medical therapy. One fatal case of anaphylaxis has been reported in which lidocaine was used as the diluent and, consequently, the causal agent cannot be reliably determined.

    Cardiovascular System 
    There have been reports following administration of BOTOX® of adverse events involving the cardiovascular system, including arrhythmia and myocardial infarction, some with fatal outcomes. Some of these patients had risk factors, including preexisting cardiovascular disease. Use caution when administering to patients with preexisting cardiovascular disease.

    Increased Risk of Clinically Significant Effects With Preexisting Neuromuscular Disorders 
    Patients with neuromuscular disorders may be at increased risk of clinically significant effects, including generalized muscle weakness, diplopia, ptosis, dysphonia, dysarthria, severe dysphagia, and respiratory compromise from onabotulinumtoxinA (see Warnings and Precautions). Monitor individuals with peripheral motor neuropathic diseases, amyotrophic lateral sclerosis or neuromuscular junction disorders (eg, myasthenia gravis or Lambert-Eaton syndrome) when given botulinum toxin.

    Dysphagia and Breathing Difficulties 
    Treatment with BOTOX® and other botulinum toxin products can result in swallowing or breathing difficulties. Patients with preexisting swallowing or breathing difficulties may be more susceptible to these complications. In most cases, this is a consequence of weakening of muscles in the area of injection that are involved in breathing or oropharyngeal muscles that control swallowing or breathing (see Boxed Warning).

    Preexisting Conditions at the Injection Site
    Use caution when BOTOX® Cosmetic treatment is used in the presence of inflammation at the proposed injection site(s) or when excessive weakness or atrophy is present in the target muscle(s).

    Dry Eye in Patients Treated With BOTOX® Cosmetic
    There have been reports of dry eye associated with BOTOX® Cosmetic injection in or near the orbicularis oculi muscle. If symptoms of dry eye (eg, eye irritation, photophobia, or visual changes) persist, consider referring patients to an ophthalmologist.

    Human Albumin and Transmission of Viral Diseases 
    This product contains albumin, a derivative of human blood. Based on effective donor screening and product manufacturing processes, it carries a remote risk for transmission of viral diseases and variant Creutzfeldt-Jakob disease (vCJD). There is a theoretical risk for transmission of Creutzfeldt-Jakob disease (CJD), which would also be considered remote. No cases of transmission of viral diseases, CJD, or vCJD have ever been identified for licensed albumin or albumin contained in other licensed products.

    ADVERSE REACTIONS 
    The most frequently reported adverse reactions following injection of BOTOX® Cosmetic for glabellar lines were eyelid ptosis (3%), facial pain (1%), facial paresis (1%), and muscular weakness (1%).

    The most frequently reported adverse reaction following injection of BOTOX® Cosmetic for lateral canthal lines was eyelid edema (1%).

    The most frequently reported adverse reactions following injection of BOTOX® Cosmetic for forehead lines with glabellar lines were headache (9%), brow ptosis (2%), and eyelid ptosis (2%).

    The safety profile of BOTOX® Cosmetic treatment of platysma bands is consistent with the known safety profile of BOTOX® Cosmetic for other indications.

    DRUG INTERACTIONS 
    Coadministration of BOTOX® Cosmetic and aminoglycosides or other agents interfering with neuromuscular transmission (eg, curare-like compounds) should only be performed with caution as the effect of the toxin may be potentiated. Use of anticholinergic drugs after administration of BOTOX® Cosmetic may potentiate systemic anticholinergic effects.

    The effect of administering different botulinum neurotoxin products at the same time or within several months of each other is unknown. Excessive neuromuscular weakness may be exacerbated by administration of another botulinum toxin prior to the resolution of the effects of a previously administered botulinum toxin.

    Excessive weakness may also be exaggerated by administration of a muscle relaxant before or after administration of BOTOX® Cosmetic.

    USE IN SPECIFIC POPULATIONS 
    There are no studies or adequate data from postmarketing surveillance on the developmental risk associated with use of BOTOX® Cosmetic in pregnant women. There are no data on the presence of BOTOX® Cosmetic in human or animal milk, the effects on the breastfed child, or the effects on milk production.

    Please see BOTOX® Cosmetic full Prescribing Information, including Boxed Warning and Medication Guide.

    SKINVIVE by JUVÉDERM® Injectable Gel Important Information

    INDICATIONS
    SKINVIVE by JUVÉDERM® injectable gel is indicated for intradermal injection to improve skin smoothness of the cheeks in adults over the age of 21.

    IMPORTANT SAFETY INFORMATION

    CONTRAINDICATIONS: Not for patients with a history of anaphylaxis, presence of multiple severe allergies, or allergies to Gram-positive bacterial proteins or lidocaine in this product.

    WARNINGS: Do not inject into blood vessels as this may lead to embolization, occlusion of the vessels, ischemia, or infarction. Rare, but serious, adverse events associated with the intravascular injection of soft-tissue fillers have been reported and include temporary or permanent vision impairment, blindness, cerebral ischemia or hemorrhage leading to stroke, skin necrosis, and damage to underlying facial structures. Immediately stop the injection if a patient exhibits changes in vision, signs of a stroke, blanching of the skin, or unusual pain during or shortly after the procedure. Patients should receive prompt medical attention should an intravascular injection occur. Treatment at specific sites should be deferred where there is an active inflammatory process or infection.

    PRECAUTIONS: Only healthcare professionals who have appropriate training, experience, and are knowledgeable of the anatomy at and around the injection site should use this product. As with all transcutaneous procedures, injections carry a risk of infection. The safety for use during pregnancy, breastfeeding, and in patients with known susceptibility to keloid formation, hypertrophic scarring, or pigmentation disorders has not been established. Use with caution in patients on immunosuppressive therapy. Patients taking medications that can prolong bleeding may experience increased bruising or bleeding at treatment sites. Patients may experience late onset AEs with use of injectable gel implants, including SKINVIVE by JUVÉDERM®

    ADVERSE EVENTS: The most commonly reported injection site responses included redness, lumps/bumps, swelling, bruising, pain, tenderness, firmness, discoloration, and itching. Most were mild, lasting 7 days or less.

    Please see Directions for Use or visit SKINVIVE.com for more information.

    SKINVIVE by JUVÉDERM® is available only by a licensed physician or properly licensed practitioner.

    The investigational products described above, TrenibotulinumtoxinE for the treatment of glabellar lines and SKINVIVE by JUVÉDERM® for the improvement of neck appearance, have not yet been shown to be safe and effective for their intended uses.

    About Allergan Aesthetics

    At Allergan Aesthetics, an AbbVie company, we develop, manufacture, and market a portfolio of leading aesthetics brands and products. Our aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. Our goal is to consistently provide our customers with innovation, education, exceptional service, and a commitment to excellence, all with a personal touch. For more information, visit www.allerganaesthetics.com

    About AbbVie

    AbbVie’s mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas including immunology, neuroscience and oncology – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X (formerly Twitter) and YouTube.

    Forward-Looking Statements 

    Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project” and similar expressions and uses of future or conditional verbs, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry, the impact of global macroeconomic factors, such as economic downturns or uncertainty, international conflict, trade disputes and tariffs, and other uncertainties and risks associated with global business operations. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie’s operations is set forth in Item 1A, “Risk Factors,” of AbbVie’s 2024 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its Quarterly Reports on Form 10-Q and in other documents that AbbVie subsequently files with the Securities and Exchange Commission that update, supplement or supersede such information. AbbVie undertakes no obligation, and specifically declines, to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

    Media:

    Adelle Infante

    adelle.infante@allergan.com

    Investors:

    Liz Shea

    liz.shea@abbvie.com

     

    SOURCE AbbVie


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  • ‘Waiting for days’: India feels impact of gas supply chain disruption amid Iran conflict | India

    ‘Waiting for days’: India feels impact of gas supply chain disruption amid Iran conflict | India

    For four days, Maya Rani, 36, has been arriving each morning at a gas distributor’s office in Delhi, her six-month-old daughter in her lap, waiting for hours. And each day she returns home empty-handed, told that a cooking gas cylinder may not be available for at least another week. Around her, the queue keeps growing, people clutching forms and documents, hoping to secure a cylinder.

    The flame in her kitchen began to fade last week and her husband, as he always does, took their 5kg cylinder to a local refiller. This time, there was nothing. The only option left was to apply for a government-subsidised supply, a process that has meant repeated visits, long waits and no certainty.

    Maya Rani (in green) waits outside a gas distributor’s office with her six-month-old daughter as she tries to secure a cooking gas cylinder. Photograph: Aakash Hassan

    “I feel like crying,” Rani said, sitting on the pavement outside the distributor’s office, trying to soothe her child. “We have been waiting for days and still don’t know when we will get gas.” Her husband cannot afford to miss work, so she makes the rounds. “We are eating just one meal a day from outside. I’ve had to ask neighbours to help boil milk for my baby.”

    Rani’s experience is being echoed across south Asia, where disruption to supplies of liquefied petroleum gas (LPG) triggered by the closure of the strait of Hormuz has pushed the region into its worst gas crisis in decades. Prices have surged, industries have been forced to scale back or shut, and anxiety is spreading.

    Before the Iran conflict in effect shut the narrow maritime chokepoint, it carried about a fifth of global fuel shipments, much of it bound for Asia.

    In India, Pakistan, Bangladesh, Nepal and Sri Lanka, where LPG is central to everyday cooking, the impact has been immediate. Slowing imports have strained distribution systems, prompting governments to prioritise household supply and restrict commercial use. The crisis has exposed a deeper weakness: a region with rising energy demand remains heavily dependent on supply routes vulnerable to distant geopolitical shocks.

    People queue to refill their empty LPG cylinders at a gas agency office in Delhi. Photograph: Rajat Gupta/EPA

    “This level of exposure was absolutely anticipated,” said Akhtar Malik, of the Bureau of Research on Industry and Economic Fundamentals (Brief), a thinktank in Delhi. “The strait of Hormuz as a chokepoint and the risks it poses have been extensively studied and debated for years.”

    But across South Asia, efforts to build buffers or diversify supply have lagged, leaving little room to absorb shocks. “India built strategic crude reserves but did not create equivalent buffers for LPG,” Malik said. “Globally, energy systems typically maintain 40 to 60 days of reserve cover for critical fuels. India, in contrast, has just over 20 days of LPG storage … the current stress is as much a planning gap as it is a supply disruption.”

    India imports about 60% of its LPG, 90% of that routed through the strait of Hormuz. Only two cargoes have made it through since the strait closed, a fraction of daily demand.

    A demonstrator is detained by police at a protest in Delhi last week over the LPG shortage and price hikes. Photograph: Rajat Gupta/EPA

    With supplies from elsewhere – such as from the US – taking weeks to arrive and at significantly higher cost, the Indian government has moved to stretch domestic supply. Refineries have been directed to maximise LPG production for household use and supplies have been prioritised for hospitals and educational institutions, leaving businesses scrambling.

    Restaurants and hotels are among the worst hit. Industry bodies estimate that about a fifth of eateries in Mumbai have either shut down or scaled back operations, with similar disruptions reported in other cities. Many have trimmed menus, dropping dishes that require longer cooking times.

    “We have 30 items on the menu, but we’re selling no more than six,” said Nandu Kishore, the manager at Shawaya House, a restaurant known for its grilled meat in the densely populated Muslim neighbourhood of Zakir Nagar in south Delhi. “Even those are only possible because we’ve started using coal.” With Eid al-Fitr approaching, the restaurant should have been entering its peak season.

    The impact is now spreading across industries, with gas-dependent plants beginning to scale back or shut operations. In Morbi, Gujarat, the world’s second largest tile manufacturing centre, production is close to a standstill. Nearly 450 of the town’s 670 ceramic units have shut and about 430 factories have decided to suspend operations for at least three weeks.

    Trucks with filled gas cylinders have become targets for theft as supplies tighten. Photograph: Rajat Gupta/EPA

    For workers, the fallout has been immediate. Shahidul Alam, 46, who worked at one of the now-closed units, was waiting at a railway station on Wednesday for a train back home to West Bengal.

    “The manager told us the factory is shutting and we won’t be paid,” he said. “We were already struggling to get cooking gas here. Without work, we can’t survive – how will we eat?” He said the situation felt reminiscent of the Covid-19 lockdown, when thousands of workers were forced to leave industrial towns and return home.

    In some areas, the strain is beginning to spill over. Dealers report heated arguments at gas distribution centres, while LPG trucks have become targets for theft as supplies tighten.

    The shortage has also pushed many households to turn to electric cooking if they can. Retailers say demand for induction burners has surged in recent weeks, particularly in cities such as Delhi. Some stores are reporting as much as a tenfold increase.

    Ajay Mandal (left), stands with a fellow construction worker outside a government-subsidised canteen which had been closed due to the gas shortage. He said he had his first proper meal in 24 hours. Photograph: Aakash Hassan

    It is the poorest who are hit hardest. Ajay Mandal, 30, said he felt relief after his first proper meal in 24 hours at a government-subsidised canteen on Wednesday. The canteen, which serves meals for five rupees, had been shut for two days because of the gas shortage.

    “If this crisis worsens, many poor people will go hungry,” said the construction labourer. After a 10-hour shift, he had been collecting firewood to cook for his family of six, who include elderly parents and toddlers. “I earn 500 rupees a day. A gas cylinder that costs around 900 rupees is now being sold for 4,000 on the black market. Even a roadside meal that used to cost 30 rupees has doubled. How are we supposed to survive?”

    He paused, then added quietly: “People like us will have to eat grass if this goes on.”

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  • NTT DATA verified the effectiveness of AI Consumer Agents in Kao’s product development research, driving greater operational efficiency and sophistication

    NTT DATA verified the effectiveness of AI Consumer Agents in Kao’s product development research, driving greater operational efficiency and sophistication

    March 19, 2026

    NTT DATA Japan Corporation

    TOKYOMarch 19 – NTT DATA, a global leader in AI, digital business and technology services, today announced the success of its “AI Consumers” proof of concept (PoC) for a makeup brand operated by Kao Corporation, a leading Japanese consumer goods company and a major global cosmetics and personal care manufacturer. The PoC assessed the feasibility of using AI models to simulate the behavioral characteristics of consumers and develop personas to aid product development research.

    As consumer values and purchasing behaviors continue to shift, it has become increasingly important for marketing departments to rapidly and accurately capture the evolving needs of their customers. However, in conventional product development research processes, significant time and costs are required for research design, respondent recruitment, fieldwork and analysis. Within limited development timelines, it is difficult to sufficiently deepen research data or validate hypotheses.

    For Kao’s makeup brand, which launches new products each season, shortening the product development cycle has been a critical requirement. Against this backdrop, NTT DATA utilized its marketing AI agent service, in combination with Kao’s accumulated consumer research, purchase and social media data, to create multiple AI Consumers and an AI interviewer for use in product development research.

    While remaining consistent with insights gained through traditional research methods, the PoC demonstrated that AI‑driven research could potentially shorten the timeline from 1.5 months to just 0.5 days-a 99% reduction-delivering significant efficiency gains and enabling a more advanced consumer‑insight process. It also reduced the operational workload involved in respondent recruitment and survey execution.

    “In recent years, consumer trends have shifted from traditional quarterly and monthly cycles to a weekly cycle. For consumer brands, responding to these rapidly changing trends with a high level of agility is critical to business growth,” said Mizuho Mitake, Head of Second Industry Business Sector, Japan, NTT DATA*.
    “This PoC has demonstrated that AI can achieve significant gains in speed in the product development process while ensuring quality equal to or even exceeding that of human output. NTT DATA will expand the application of these results beyond product development into marketing operations.”

    • *
      Mizuho Mitake leads commercial strategy, sales, and consulting across Consumer Retail (including vertically integrated retail, grocery & convenience), Real Estate, Food, Beverage, Alcohol & Tobacco, Consumer Packaged Goods (CPG), Pharmaceuticals, Chemicals, Materials, and Integrated Energy in Japan.

    NTT DATA promotes both proactive AI adoption and responsible governance to drive transformation in clients’ businesses as well as our own business. For clients, NTT DATA aims to realize “Smart AI Agent®“, in which AI agents autonomously extract, organize, and execute tasks in response to user instructions.

    Within our own business, NTT DATA is accelerating dramatic improvements in software development productivity and the AI literacy and practical skills development. Through these initiatives, NTT DATA seeks to advance AI-native business process transformation, address social challenges such as labor shortages, and enable a world in which people can focus on higher value-added activities.

    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

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  • Generative AI improves a wireless vision system that sees through obstructions | MIT News

    Generative AI improves a wireless vision system that sees through obstructions | MIT News

    MIT researchers have spent more than a decade studying techniques that enable robots to find and manipulate hidden objects by “seeing” through obstacles. Their methods utilize surface-penetrating wireless signals that reflect off concealed items.

    Now, the researchers are leveraging generative artificial intelligence models to overcome a longstanding bottleneck that limited the precision of prior approaches. The result is a new method that produces more accurate shape reconstructions, which could improve a robot’s ability to reliably grasp and manipulate objects that are blocked from view.

    This new technique builds a partial reconstruction of a hidden object from reflected wireless signals and fills in the missing parts of its shape using a specially trained generative AI model.

    The researchers also introduced an expanded system that uses generative AI to accurately reconstruct an entire room, including all the furniture. The system utilizes wireless signals sent from one stationary radar, which reflect off humans moving in the space.  

    This overcomes one key challenge of many existing methods, which require a wireless sensor to be mounted on a mobile robot to scan the environment. And unlike some popular camera-based techniques, their method preserves the privacy of people in the environment.

    These innovations could enable warehouse robots to verify packed items before shipping, eliminating waste from product returns. They could also allow smart home robots to understand someone’s location in a room, improving the safety and efficiency of human-robot interaction.

    “What we’ve done now is develop generative AI models that help us understand wireless reflections. This opens up a lot of interesting new applications, but technically it is also a qualitative leap in capabilities, from being able to fill in gaps we were not able to see before to being able to interpret reflections and reconstruct entire scenes,” says Fadel Adib, associate professor in the Department of Electrical Engineering and Computer Science, director of the Signal Kinetics group in the MIT Media Lab, and senior author of two papers on these techniques. “We are using AI to finally unlock wireless vision.”

    Adib is joined on the first paper by lead author and research assistant Laura Dodds; as well as research assistants Maisy Lam, Waleed Akbar, and Yibo Cheng; and on the second paper by lead author and former postdoc Kaichen Zhou; Dodds; and research assistant Sayed Saad Afzal. Both papers will be presented at the IEEE Conference on Computer Vision and Pattern Recognition.

    Surmounting specularity

    The Adib Group previously demonstrated the use of millimeter wave (mmWave) signals to create accurate reconstructions of 3D objects that are hidden from view, like a lost wallet buried under a pile.

    These waves, which are the same type of signals used in Wi-Fi, can pass through common obstructions like drywall, plastic, and cardboard, and reflect off hidden objects.

    But mmWaves usually reflect in a specular manner, which means a wave reflects in a single direction after striking a surface. So large portions of the surface will reflect signals away from the mmWave sensor, making those areas effectively invisible.

    “When we want to reconstruct an object, we are only able to see the top surface and we can’t see any of the bottom or sides,” Dodds explains.

    The researchers previously used principles from physics to interpret reflected signals, but this limits the accuracy of the reconstructed 3D shape.

    In the new papers, they overcame that limitation by using a generative AI model to fill in parts that are missing from a partial reconstruction.

    “But the challenge then becomes: How do you train these models to fill in these gaps?” Adib says.

    Usually, researchers use extremely large datasets to train a generative AI model, which is one reason models like Claude and Llama exhibit such impressive performance. But no mmWave datasets are large enough for training.

    Instead, the researchers adapted the images in large computer vision datasets to mimic the properties in mmWave reflections.

    “We were simulating the property of specularity and the noise we get from these reflections so we can apply existing datasets to our domain. It would have taken years for us to collect enough new data to do this,” Lam says.

    The researchers embed the physics of mmWave reflections directly into these adapted data, creating a synthetic dataset they use to teach a generative AI model to perform plausible shape reconstructions.

    The complete system, called Wave-Former, proposes a set of potential object surfaces based on mmWave reflections, feeds them to the generative AI model to complete the shape, and then refines the surfaces until it achieves a full reconstruction.

    Wave-Former was able to generate faithful reconstructions of about 70 everyday objects, such as cans, boxes, utensils, and fruit, boosting accuracy by nearly 20 percent over state-of-the-art baselines. The objects were hidden behind or under cardboard, wood, drywall, plastic, and fabric.

    Seeing “ghosts”

    The team used this same approach to build an expanded system that fully reconstructs entire indoor scenes by leveraging mmWave reflections off humans moving in a room.

    Human motion generates multipath reflections. Some mmWaves reflect off the human, then reflect again off a wall or object, and then arrive back at the sensor, Dodds explains.

    These secondary reflections create so-called “ghost signals,” which are reflected copies of the original signal that change location as a human moves. These ghost signals are usually discarded as noise, but they also hold information about the layout of the room.

    “By analyzing how these reflections change over time, we can start to get a coarse understanding of the environment around us. But trying to directly interpret these signals is going to be limited in accuracy and resolution.” Dodds says.

    They used a similar training method to teach a generative AI model to interpret those coarse scene reconstructions and understand the behavior of multipath mmWave reflections. This model fills in the gaps, refining the initial reconstruction until it completes the scene.

    They tested their scene reconstruction system, called RISE, using more than 100 human trajectories captured by a single mmWave radar. On average, RISE generated reconstructions that were about twice as precise than existing techniques.

    In the future, the researchers want to improve the granularity and detail in their reconstructions. They also want to build large foundation models for wireless signals, like the foundation models GPT, Claude, and Gemini for language and vision, which could open new applications.

    This work is supported, in part, by the National Science Foundation (NSF), the MIT Media Lab, and Amazon.

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  • Delegation of the China-ASEAN Expo (CAEXPO) Secretariat visits the SCO Secretariat

    Delegation of the China-ASEAN Expo (CAEXPO) Secretariat visits the SCO Secretariat

    On March 18, 2026, a meeting was held at the Shanghai Cooperation Organisation Secretariat in Beijing between SCO Deputy Secretary-General T.R. Midhun and Liang Yiguang, Deputy Secretary-General of the China-ASEAN Expo (CAEXPO) Secretariat.

    The parties exchanged views on issues of cooperation between the two structures with an emphasis on strengthening economic cooperation and expanding business contacts.

    Liang Yiguang provided information on the current activities and upcoming events of CAEXPO.

    The SCO Deputy Secretary-General reaffirmed the Secretariat’s readiness to provide support to initiatives aimed at developing multilateral interaction in the region.

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  • Samsung To Present ‘Design Is an Act of Love’ Exhibition at Milan Design Week 2026 – Samsung Newsroom Malaysia

    Samsung To Present ‘Design Is an Act of Love’ Exhibition at Milan Design Week 2026 – Samsung Newsroom Malaysia

     

    Samsung Electronics today announced that it will host an exhibition titled “Design is an Act of Love” at Milan Design Week 2026. Immersive in nature, the exhibition will explore the Human Side of Tech through a dialogue between experimental concepts and the latest commercial products.

     

    The exhibition takes the form of Samsung Design Open Lab, a space imagined as a laboratory for exploration, experimentation and discovery. Within the space, Samsung invites visitors to explore how ideas take shape, offering a glimpse of how human-centered and expressive design can transform technology into a more personal, emotional and meaningful presence in everyday life.

     

    What visitors experience in Milan represents a moment in an ongoing journey — an early expression of how Samsung is reimagining the relationship between technology and everyday life, as well as a signal of the direction in which its design vision is headed.

     

    As part of the program, Samsung will host a Design Talk session in collaboration with Dezeen on April 22, where it will share perspectives on the evolving relationship between design and humanity.

     

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  • RBA says few borrowers at risk of default and mortgage stress despite interest rate increases

    RBA says few borrowers at risk of default and mortgage stress despite interest rate increases

    Australian households have rebuilt their mortgage buffers to withstand further interest rate increases and a prolonged conflict in the Middle East, according to the Reserve Bank’s semi-annual health check of the financial system.

    The improved financial health of borrowers who are, on average, more than a year ahead of their mortgage payments, suggests that the risk of aggravating household stress is no impediment for the central bank in increasing the cash rate to a 15-year high of 4.6 per cent, as markets are forecasting.

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