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The London Cancer Hub opens the doors for innovation

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London Cancer Hub2

Key Highlights:

  • The London Cancer Hub in Sutton will have a new incubator and collaboration space for life-science companies.
  • The innovation gateway will introduce ranges of innovative spin-outs and start-ups and get an opportunity to work with world-leading Cancer researchers.
  • The Innovation Gateway contains around 6,300 square feet of space, of which about 3,500 square feet is set to be new laboratories.

The London Cancer Hub in Sutton, South London has opened its doors for a new incubator and collaboration space for innovative life-science companies. It aims to be the world’s leading district for cancer research, treatment, and commercial enterprise. To attain this goal, the Innovative Gateway will offer laboratory, office, and collaboration facilities at the heart of the London Cancer Hub.

In this collaboration, the lead partners The London Cancer Hub, The Institute of Cancer Research, London, and the London Borough of Sutton, will be attracting a range of life science Companies interested in collaborating or working with the Institute of Cancer Research (ICR) or other London Cancer Hub occupants.

Innovation Gateway for a breakthrough in cancer

The Innovation Gateway will welcome a range of innovative spin-outs and start-ups, along with ICR emerging innovations. It will be built near the state-of-art Centre for Cancer Drug Discovery. The Innovation Gateway will be around 6,300 sq. ft., and 3,500 sq. ft. is dedicated to new laboratories.

The London Cancer Hub already has big key players like ICR and the Royal Marsden NHS Foundation Trust, which have together become the leading four centers for cancer research and treatment worldwide.

The participants of Innovation gateway will have the opportunity to collaborate with the world’s leading cancer researchers at ICR, along with access to some of the most advanced equipment and facilities—including the new £75m Centre for Cancer Drug Discovery, which is only meters away.

The Innovation Gateway will give access to a range of facilities at the ICR including,

  • Genomics technologies
  • ICR’s proteomics facility
  • Bespoke mechanical and engineering services and 3D printing
  • Light microscopes and multi-parameter flow cytometers
  • Communal areas including café and catering facilities

NASDAQ falls 15%! US Share Market continues to see high vitality

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NASDAQ

Key Highlights:

  • The US Share markets are expected to see high vitality in this year too.
  • NASDAQ 100 index has fallen more than 15% since November.
  • Analysts suggest investing in a diversified portfolio.

US share markets are expected to see high vitality in 2022 as well. The impending monetary tightening comment by the US Federal Reserve has brought a punitive reality check on the growth stock investors.

The growth stock investors have realized that there is no right price for high-growth stocks, especially when the companies are not growing. Steve Sosnick, the Chief Strategist of Interactive Brokers, has backed the comment. Considering the current volatile situation of the US Share Markets, and surrounding uncertainty around high growth stocks, Steve has advised the investors to de-risk their portfolio in favor of generating profits.

NASDAQ take a greater hit

Since the US Federal Reserve commented on the concerns regarding inflation and the possibility of a rise in interest rates has affected the NASDAQ. NASDAQ 100 index has fallen by 15% since mid-November. The S&P 500 has also been affected and fallen by 8% in the same timeframe.

So far in 2022, NASDAQ has fallen 15.10%, S&P 500 has affected by 7%, while the Dow Jones Industrial Average has lost 4.5% on a year-to-date basis.

The Fed meeting commenced on 26th January did leave the key interest rates near zero. However, Fed also warned that there might be a raising in the Fed Funds target rate to tackle the persistent inflation due to the COVID-challenged supply chain.

Invest in a diversified portfolio

The inflation has equally affected the NASDAQ and S&P 500 performances. Both are heavyweight stocks however, Steve Sosnick suggests investing in S&P 500 as a better option due to its business and geographical diversification. He explained, “S&P 500 is a broader index with a cross-section of industries; it is globally diversified too. Investing in SPX helps to build a broader portfolio.”

If we look at the data, S&P 500 index has more than triples investors’ money in the last decade- rising 220%, to 4,349, from 1,361 levels. (as of 21st Feb). The tech-heavy NASDAQ 100 has outperformed S&P 500 in both 2-year as well as 10-year timeframe. Although, it remains uncertain if NASDAQ will continue its dominance.

 

Hand & Stone signs four new franchise development agreements

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Hand & Stone

Key Highlights:

  • Hand & Stone Massage and Facial Spa signed four new franchise development agreements.
  • Since the brand’s success in 2021, the company is experiencing accelerated franchise development.
  • Hand & Stone has 500 spas across 31 states and Canada.

The leading luxury massage and facial spa franchise, Hand & Stone Massage and Facial Spa, has recently announced that it will sign four new franchise development agreements. These franchises will further expand the footprint of the company across the Southeast.

Hand & Stone will open new spas in prime markets across Georgia, Florida, and North Carolina including Savannah, Orlando, Tampa, and Raleigh in the coming year.

Hand & Stone growing franchise

The brand is experienced tremendous success in 2012 and since then has been a surge in franchise development. The success has been double year after year if we take 2020 into accounts where it opened 24 new locations nationwide.

John Teza, CEO of Hand & Stone, commented on the success and their plans. He said, “Hand & Stone’s compounding success over the past several years has reinforced our brand’s position as an industry-leading powerhouse within the spa and franchise segments. The Southeast, and Georgia in particular, has quickly become a prime growth market and we’re thrilled to be accelerating development throughout the region with our outstanding franchisees.”

2022 will welcome new openings

This year, Company aims to double their new spa openings across North America and have a goal to open in around 50 locations across the U.S. and 5 locations in Canada. With the current agreement, the Southeast will remain the prime market for expansion and open franchise opportunities in key states.

Company has a strong foothold of 500 spas across 31 states and is currently the leader and fastest-growing spa franchise concept.

About Hand & Stone Massage and Facial Spa

Established in 2004, Company has expanded across 31 states and Canada. It has been named as No.1 in the spa category by Entrepreneur Magazine and ranks No. 8 on Forbes’ Best Franchises to Buy list for 2019. This Company is the fastest-growing spa concept in the country.

Facebook and Instagram becoming hot-spot for counterfeit goods

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Facebook

Key Highlights:

  • Meta Platform is struggling with counterfeit goods spreading across its social media apps.
  • Facebook and Instagram have become the key marketplaces for counterfeit goods.
  • Meta removed 1.2 million pieces of counterfeit Facebook content.

Meta Platform has been struggling with counterfeiters spreading fake luxury goods like Louis Vuitton, Gucci, and Chanel across their social media platforms. Facebook and Instagram have emerged as hot spots for such counterfeit offenders.

Social media and private messaging tools make it easy for such counterfeit offenders to reach more users. The counterfeit market has shifted from major e-commerce platforms year after year. Around a decade ago eBay was the hub for counterfeit goods then it shifted to Amazon five years ago and now is leveraging social media platforms like Facebook & Instagram.

Instagram & Facebook filled with fake imitations

A study conducted by social media analytics suggested that the counterfeiters are selling imitations of luxury brands like Chanel, Prada, Gucci, Fendi, and Louis Vuitton. (~source Reuters)

Meta’s widespread user shopping data could assist with ad targeting. But with the rise of counterfeiters, platforms are losing their legitimacy. Meta’s Director & Associate General Counsel for IP, Mark Fiore stated, “As commerce has become a strategic priority for the company and as we’ve been building new shopping experiences, we’ve recognized that we want to make sure those experiences are safe and trusted for brands and the users.”

Meta rising popularity and problems

According to recent data, Meta has reported having 3.59 million monthly users across its social media and study apps. Due to the rising complaints and misuse of the platform Meta launched a tool for brands to search and report counterfeits in posts, ads, or commerce features. These complaints are addressed within 24 hours.

Meta also stated that it has removed 1.2 million pieces of counterfeit Facebook content and around half a million from Instagram. The company also reported that it is removing 283 million pieces of Facebook content that violated counterfeit and copyright infringement rules and 3 million content pieces on Instagram.

Sage Therapeutics drug on depression works but do the effects last?

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Sage Therapeutics

Key Highlights:

  • Sage Therapeutics’ drug is helping in improving depressive symptoms after three days.
  • The investors are doubtful about how long the treatment’s effect would last.
  • Sage Therapeutics shares have dropped by 17%.

Sage Therapeutics drug is helping improve depressive symptoms after 3-days in a late-stage study. However, the investors are questioning whether the treatment’s effect would last. This has also crippled the company’s shares by 17%.

A study conducted among 440 patients that demonstrated depressive disorder, Zuranolone-the drug, taken with antidepressant showed that there were significant improvements in the two weeks.

However, the analysts highlighted that the near-term durability of the oral drug will be the decision-maker for broader commercial success.

Trial results raise the question

The Truist Securities analyst, Joon Lee, commented, “The clinical benefit is modest and the effects are not durable, the regulatory process for the drug is likely to be wrought with noise, controversy over the next 12-18 months.”

The separate late-stage trial in June had raised similar concerns about how long the symptom improvement effects would last. The new trial results have again hit the same notes making it a hard sell for Sage Therapeutics.

Depression drug in the U.S.

Every year, around 16 million American adults are affected with major depressive disorder. This is mostly cured with antidepressants that take six weeks to show effect.

Sage Therapeutics has already had a postpartum depression drug on the market. The company plans to seek U.S. approval this year. It has already signed a deal for $1.5 billion with Biogen to develop Zuranolone and another experimental drug.

Zuranolone has been more successful in decreasing the symptoms than placebo after three days. The difference was lower than the expectations questioning the lasting effects of the drug.

However, the officials from Sage Therapeutics added that the drug remains approvable and had expected to wane over time as the company has decided to evaluate the results at day three for the main goal instead of at day fifteen (as in the June trial).

Sage Therapeutics –  About Us

Crop-to-Food Innovation has been awarded a $742,000 grant

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The Crop-to-food innovation program

Key Highlights:

  • The U.S. Department of Agriculture has awarded the research team of Nebraska-Lincoln with a $742,000 grant.
  • The Crop-to-Food innovation program will give the students 10-week summer research experiences and scientific communication & leadership training.
  • The program is said to be a great opportunity and would impact the lives and careers of students.

The U.S. Department of Agriculture has awarded the research team of the University of Nebraska-Lincoln. The team was awarded a $742,000 grant to establish the research and extend experiences for the undergraduate program.

The Crop-to-food innovation is a five-week program that will give students 10-week summer research experiences and scientific communication and leadership training. With this program, the students will get to work with scientists and develop new crop traits alongside applying innovative bioprocessing and formulation technologies to evaluate and develop new food and feed applications.

Crop-to-food innovation welcomes participation

The project is also aimed at increasing the participation of underrepresented students in science and agriculture fields. Thus the recruitment will focus on Historically Black colleges and Universities.

The project is a collaboration among Nebraska’s Center for Plant Science Innovation, Nebraska Food for Health Center, Food Innovation Center, and Industrial Agricultural Products Center, which together drive cross-disciplinary, cutting-edge research.

The team involved in the project

The project is being led by Edgar Cahoon (Principal investigator), George Holmes (Prof. of biochemistry & director of the Center for Plant Innovation), and co-principal investigators Amanda Ramer-Tait, Maxcy Professor of agriculture & natural resources, and Paul Velander (Assistant Professor of biochemistry and Nebraska Extension specialist).

Furthermore, the team includes 13 faculty members from the Departments of Agronomy & Horticulture, Biochemistry, Food Science & Technology, and Biological Systems Engineering. The faculty will guide the undergraduate students from across the U.S. in their relatedScience Innovation majors over the next five summers.

Better future of Agricultural STEM

The Crop-to-food innovation program will emphasize teamwork and creating innovations that will benefit them in making a difference. The students will also undergo formal training in scientific leadership.

The students who finish the program are expected to have a better perspective on food science. They will be prepared for careers and graduate education in agricultural STEM disciplines, promoting their participation.

Also read: Lamborghini’s first electric vehicle?

Demands for better EV Charger infrastructure across the UK

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EV Charger

Key highlights:

  • The car industry of the UK has demanded the government mandating targets for EV Chargers.
  • The SMMT has come up with a seven-point plan to improve the lagging EV charging infrastructure.
  • SMMT has also assigned a regulatory body called “Ofcharge” or the Office of Charging.

Britain’s automobile industry has demanded the UK government to mandate targets for rolling out EV charging infrastructure. The government will also create a new regulatory body to oversee the market conditions and enforce minimum standards.

The SMMT (Society of Motor Manufacturers and Traders) stated that the industry has assembled a seven-point plan to improve lagging EV Charger infrastructure in the country. The plan covers calling for a national coordinated charging infrastructure plan and significant investments in chargers.

Ofcharge to oversee EV Charging infrastructure

SMMT has also formed a new regulatory body called “Ofcharge” or the Office of Charging. This regulatory body will oversee the price levels to ensure that charging vehicles are cost-effective and also to enforce regulate minimum standards.

It was previously confirmed that the Britain government will invoke an effective ban on fossil-fuel vehicles by 2030. A similar ban was proposed by European Commission that will invoke from 2035.

However, the lack of public charging stations will make it difficult for switching to EV vehicles. There is also a sense of doubt from the consumer to switch to unfamiliar technology.

Combustion vehicle to EV vehicle essential switch

The U.S. and European countries are strategizing to phase out combustion engines in the coming decade. Although, the major challenge they face is providing the access to enough public chargers for the millions of residents that own or will own an EV.

In the year between 2019 and 2021, the SMMT reported that the number of plug-in cars on Britain roads jumped 280% and the EV charge points surged to 70%. To initiate the plan of combustion phase-out, the government needs to come up with a strategy that will minimize the gap between charger availability and EV vehicles in Britain. The SMMT aims to address the same through this infrastructure plan.

Also Read: Will we finally get to see Lamborghini’s first electric vehicle?

Intel Corp signs a $5.4 billion deal with Tower Semiconductor

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Intel Corp

Key highlights:

  • Intel Corp and Tower Semiconductor sign a deal for $5.4 billion.
  • This deal gives Intel access to specialized products and takes advantage of the rising demand for semiconductors.
  • The tower will remain independent until the deal closes and then will integrate into Intel Foundry Services (IFS).

It was recently confirmed that Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion. This will give the company access to specialized products and benefit from the rising demand for semiconductors.

Intel is paying $53 per share for Tower Semiconductor, which is above the closing price of $33.13 on the NASDAQ (~on 14th Feb). After the delayed opening, it was demonstrated that Tower’s Tel Aviv listed shares were 40% higher today.

Intel & Israeli Chipmaker deal benefits

With this acquisition, Intel Corp will have a strong foothold in the sector which is dominated by Taiwan-based TSMC—the world’s largest chipmaker. There is a global semiconductor shortage and with this deal, Intel is positioned to advantage from the production of chips for everything from smartphones to cars.

The Intel Chief Executive, Pat Gelsinger commented, “Tower’s specialty technology portfolio (and) geographic reach…will help scale Intel’s foundry services and advance our goal of becoming a major provider of foundry capacity globally.”

The deal will enable Intel to offer a compelling breadth of cutting-edge nodes and differentiated specialty technologies on mature nodes, thus unlocking new opportunities for existing and future customers.

Intel Corp’s large presence in Israel

Intel Corp already has a large presence in Israel with a legacy of nearly 50 years and is amongst Israel’s largest exporters. In 2017, Intel bought Mobileye—autonomous vehicle technology, for $15.3 billion. It has five sites in Israel with 14,000 employees.

Intel Corp and Tower Semiconductors deal is estimated to close in 12 months and has received unanimous approval from both boards. The deal is still subjected to a few regulatory approvals including the approval of Tower’s shareholders.

Tower will remain independent until the deal closes. And later will be integrated into Intel Foundry Services (IFS) that Intel established to help meet the growing global demand for semiconductor manufacturing capacity.

Intel Corp plans to launch Self-driving shuttle by 2024

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Self-driving

Key Highlights:

  • Intel Corp’s Mobileye along with Benteler EV Systems & Beep will be launching a self-driving electric shuttle.
  • The model will have 12 to 14 seats without a steering wheel or pedal.
  • Mobileye also plans to deploy robotaxis in Israel & Germany.

Intel Corp’s Mobileye has announced that it might build and deploy self-driving electric shuttles with its partners in the U.S. in 2024. This is to automate the driving system beyond taxis and delivery vehicles.

The electric shuttle will be launched by Mobileye, Benteler EV Systems, and Beep, and the model will sport 12 to 14 seats and have no steering wheel or pedal.

These vehicles will be operated in “contained geo-fenced areas” and their speed limits will be 35 miles an hour or less. The same was confirmed by Hinrich Woebcken, the advisory board member for Beep.

Mobileye Robotaxis here by 2023

Mobileye has planned to deploy robotaxis in Israel and Germany at the end of this year with pending regulatory approval. The company will partner with Udelv—a Silicon Valley start-up, to put automated electric delivery vehicles into service in the U.S. by 2023.

Mobileye still awaits approval from the U.S. federal and state regulators. The company will prove to the regulators how the self-driving systems will be safer than a human driver. The VP of Mobility-as-a-Service (MaaS) at Mobileye, Johann Jungwirth said, “On a technology perspective, we feel very, very bullish and very strongly that the technology is actually close to being ready.”

Robotaxis towards cost-effective future

The executives from Mobileye also stated that the shuttles will help save on driver costs, address driver shortages, and also address urban problems like emissions and congestion. The Managing Director of Benteler EV Systems GmbH, Marco Kollmeier, “We see the interesting opportunities and growth of this autonomous mover, autonomous shuttle market. So we see it as a blue ocean.”

Benteler EV Systems is part of the German automotive parts group of Benteler International AG. It will build shuttles that meet the automotive industry and safety standards for the public road.

Related: Will we finally get to see Lamborghini’s first electric vehicle?

Will we finally get to see Lamborghini’s first electric vehicle?

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Lamborghini

Key Highlight:

  • Lamborghini will be keeping the combustion engine vehicles alive beyond 2030.
  • The team is working on hybridizing the supercar and might offer an internal combustion engine.
  • The first fully-electric Lamborghini model might release by the end of the decade.

Lamborghini, the supercar by Volkswagen, is looking to keep combustion engine vehicles running beyond the end of the decade. This was also confirmed by the Chief Executive of Volkswagen, Stephan Winkelmann.

Lamborghini is working on hybridization and might explore the possibility to offer vehicles with an internal combustion engine beyond 2030. This is to keep combustion engine vehicles alive via synthetic fuels.

Supercars stepping into the EV market

Lamborghini has planned to launch the first fully electric model at the end of this decade. Not just Lamborghini, but the rival supercar brands like Aston Martin, McLaren, and Ferrari to shift towards battery-powered models.

The companies are working on shifting to the EVs market where the battery-powered engine will not lose the high-performance, which supports the premium pricing.

First fully electrical vehicle by Lamborghini

The Lamborghini’s first fully EV model will sport a four-seater coupé sport utility (SUV), with a nod to the tradition of grand tourers (GT). The same was confirmed by the company. Lamborghini will make the entire line-up of Huracan & Aventador sports cars, and the Urus SUV model into hybrid cars in the next two or three years.

Although, this roadmap will put Lamborghini behind its rival company Ferrari, as the company has already rolled out three hybrid models and has promised to have a battery-electric car by 2025.

The Chief Executive, Stephan Winkelmann stated that the volumes for this year were expected to be in line with those of last year. company shipped 8,405 cars and this is already fulfilling their goals of planned production.

Also Read: Will Tesla be producing Cathode at the Texas site?

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