There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and equipment capacity in Asia. Today’s Ningbo Containerized Freight Index (NCFI) North Europe and Mediterranean component jumped by 8.7%, almost matching the 8.6% increase on the Shanghai Containerized Freight Index (SCFI). Read...
Read MoreLiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by Antara Capital LP and Perception Capital Partners LLC. The transaction was said to have provided $371 million in gross proceeds including a PIPE. Read more...
Read MoreThe pandemic has forced a rethink of clinical research, but the pharma industry continues to rely on animal testing. While pundits have observed that computer modeling and techniques such as microdosing can reduce animal testing, animal testing continues to be integral in preclinical studies. Read...
Read MoreWith Intel’s global chip hegemony being challenged, “Globes” surveys Israel’s pivotal role in the battle, as high-tech salaries surge. Recently, Google “poached” former senior Intel executive Uri Frank to lead its strategic chip development activity in Israel. Frank had headed Intel’s semiconductor development for data centers and personal computers, responsible for some $30 billion in revenue each year. This expertise indicates he will very likely establish a similar activity in Israel, this time on behalf of Google. Read...
Read MoreWith Intel’s global chip hegemony being challenged, “Globes” surveys Israel’s pivotal role in the battle, as high-tech salaries surge. Recently, Google “poached” former senior Intel executive Uri Frank to lead its strategic chip development activity in Israel. Frank had headed Intel’s semiconductor development for data centers and personal computers, responsible for some $30 billion in revenue each year. This expertise indicates he will very likely establish a similar activity in Israel, this time on behalf of Google. Read...
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