Businesses
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Businesses
Featured Stories
Oracle AI Data Platform Brings AI-Assisted Business Context to Enterprise AI
REDWOOD SHORES, California, Oct. 28 -- Oracle, a developer of hardware and software products, issued the following news release:
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Oracle AI Data Platform Brings AI-Assisted Business Context to Enterprise AI
New Oracle AI Data Platform capabilities combine AI-assisted enterprise ontologies, semantic reasoning, and AI estate governance capabilities to help organizations put AI to work at scale
New Oracle AI Data Platform Innovation Service turns AI opportunities into business outcomes
Oracle AI World, LAS VEGAS--Oct 27, 2026
Oracle today announced new Oracle AI Data Platform capabilities ... Show Full Article REDWOOD SHORES, California, Oct. 28 -- Oracle, a developer of hardware and software products, issued the following news release: * * * Oracle AI Data Platform Brings AI-Assisted Business Context to Enterprise AI New Oracle AI Data Platform capabilities combine AI-assisted enterprise ontologies, semantic reasoning, and AI estate governance capabilities to help organizations put AI to work at scale New Oracle AI Data Platform Innovation Service turns AI opportunities into business outcomes Oracle AI World, LAS VEGAS--Oct 27, 2026 Oracle today announced new Oracle AI Data Platform capabilitiesthat help customers build, deploy, and scale enterprise AI by giving agents a shared understanding of business entities, relationships, policies, and workflows. The platform provides a foundation for developing AI-powered solutions with consistent access to business context and configurable security controls, while helping customers apply governance processes and controls, monitor usage and costs, optimize token consumption, enforce controls, and deliver repeatable outcomes at enterprise scale.
"AI agents are moving beyond information retrieval to participate in business decisions and execution," said T.K. Anand, executive vice president, Oracle. "To scale them reliably, enterprises need a system of context that reflects how the business actually works. Oracle AI Data Platform starts with business knowledge customers already have in their applications, databases, analytics, and documents and makes that context reusable across agents."
AI-Generated, Human-Governed Business Ontologies
Oracle AI Data Platform business ontologies define the concepts, terminology, relationships, and policies used to help analytics, agents, and enterprise applications interpret data consistently. The platform uses an AI Discovery agent to generate ontologies by analyzing database schemas, semantic models, application and API documentation, and business knowledge stored in unstructured documents. Business domain experts can then review and refine these ontologies before approving them as a consistent foundation for all AI solutions. As organizational needs evolve, the platform continuously monitors agents' use of the ontologies and recommends updates for domain experts to review and approve.
"The next competitive advantage in enterprise AI won't come from models alone. It will come from how well AI understands the business," said Megha Kumar, research vice president, IDC. "Oracle AI Data Platform marks an important evolution by helping organizations connect their data, business knowledge, and AI capabilities to move beyond experimentation and toward intelligent, governed business outcomes."
Build the Business Context for Enterprise AI
These business ontologies provide the foundation for a system of context that captures not only what the business data means, but also how the business operates, makes decisions, and takes action. Unlike traditional ontology projects that often rely on extensive manual modeling and specialist maintenance, Oracle AI Data Platform uses AI to help organizations curate and evolve this business context, with business and technical experts retaining ownership and control. By connecting business knowledge with the actions and workflows embedded in enterprise applications, organizations can ground AI not only in what the business knows, but also in what it can do, under which conditions, and with whose authority.
Using ontologies as the source of business knowledge, the Oracle Semantic Reasoning Engine interprets and assembles business-ready context before it reaches the AI model. It orchestrates retrieval across federated systems, resolves business relationships, and applies relevant governance controls so the model can focus on language understanding, reasoning, explanation, and user interaction. By reusing business context and prior analytical findings across queries, the engine helps reduce repetitive reasoning and optimize token usage, supporting more efficient AI operations as organizations scale.
Deep Insight Agents Put Enterprise Context into Action
Deep Insight Agents use enterprise ontologies and Oracle Semantic Reasoning Engine to investigate and reason through complex business questions. They identify drivers, run forecasts and scenarios, and recommend next actions, while supporting human review and approval.
By integrating Deep Insight Agents with Oracle Analytics Cloud, Oracle Fusion Data Intelligence, and custom applications, customers can make these insights and recommendations available across the Oracle and third-party experiences where they work.
Oracle AI Data Platform Helps Enterprises Build, Manage, and Put AI Agents to Work
As organizations scale AI agents across the business, they need to avoid agent sprawl, duplicated effort, unclear ownership, and inconsistent controls. Oracle AI Data Platform provides a consistent way to build, manage, apply governance controls to, and make agents available across the enterprise, helping organizations scale adoption while helping maintain visibility, security, and control.
Within Oracle AI Data Platform, Oracle AI Registry helps establish the foundation for enterprise AI governance processes by maintaining a centralized inventory of agents, tools, skills, and MCP servers, including their ownership, versions, dependencies, permissions, and lifecycle status. Building on this foundation, Oracle AI Governance and Control is planned to provide testing and policy assessment capabilities, and ongoing monitoring of agent behavior, quality, performance, usage, and cost. These capabilities are designed to help organizations assess readiness before deployment, monitor AI solutions in production, identify risks and unexpected behavior, and take corrective action. Together, these capabilities help customers maintain governance, accountability, and operational oversight as the enterprise AI estate grows. Business users can discover and work with registered agents through Oracle Agent Hub or supported third-party AI assistants, such as ChatGPT and Claude. The AI Registry provides centralized visibility and management of available AI capabilities, while access and execution remain subject to applicable enterprise security policies and controls.
"Anyone can adopt frontier models and agentic AI. Organizations only gain a sustainable competitive advantage when they apply those powerful algorithms to their proprietary processes and datasets," said Kevin Petrie, vice president of research, BARC. "The Oracle AI Data Platform offers a strategic step in that direction by helping enterprises derive governed, consistent, and reusable context from their data. Ontologies in particular enable models and agents to understand the interrelationships of key concepts and entities without consuming unnecessary tokens."
New Oracle AI Data Platform capabilities will be available within the next 12 months.
Oracle AI Data Platform Innovation Service Helps Turn AI Opportunities into Production Solutions
Oracle is introducing Oracle AI Data Platform Innovation Service to help organizations move high-value AI opportunities from concept to production. Working alongside customer teams, Oracle experts help define business outcomes and design, build, validate, deploy, and operate solutions using Oracle AI Data Platform and Oracle Cloud Infrastructure (OCI).
The service combines Oracle technology with forward deployed engineering expertise and ongoing operational support, helping customers put enterprise AI into production with the data, business context, security, and governance controls needed to operate at scale.
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About Oracle AI World
Oracle AI World is where customers and partners discover the latest product and technology innovations, see how AI is being applied across industries, and connect with experts and peers. Attendees will gain practical tips and insights to drive immediate impact within their organizations and explore how Oracle is helping unlock the full potential of AI. Join the event to see new capabilities in action and hear from thought leaders and industry movers. Register now at oracle.com/ai-world or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.
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About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.
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Original text here: https://www.oracle.com/news/announcement/ai-world-oracle-ai-data-platform-brings-ai-assisted-business-context-to-enterprise-ai-2026-10-27/
[Category: BizComputer Technology]
* * *
Oracle AI Data Platform Brings AI-Assisted Business Context to Enterprise AI
New Oracle AI Data Platform capabilities combine AI-assisted enterprise ontologies, semantic reasoning, and AI estate governance capabilities to help organizations put AI to work at scale
New Oracle AI Data Platform Innovation Service turns AI opportunities into business outcomes
Oracle AI World, LAS VEGAS--Oct 27, 2026
Oracle today announced new Oracle AI Data Platform capabilities ... Show Full Article REDWOOD SHORES, California, Oct. 28 -- Oracle, a developer of hardware and software products, issued the following news release: * * * Oracle AI Data Platform Brings AI-Assisted Business Context to Enterprise AI New Oracle AI Data Platform capabilities combine AI-assisted enterprise ontologies, semantic reasoning, and AI estate governance capabilities to help organizations put AI to work at scale New Oracle AI Data Platform Innovation Service turns AI opportunities into business outcomes Oracle AI World, LAS VEGAS--Oct 27, 2026 Oracle today announced new Oracle AI Data Platform capabilitiesthat help customers build, deploy, and scale enterprise AI by giving agents a shared understanding of business entities, relationships, policies, and workflows. The platform provides a foundation for developing AI-powered solutions with consistent access to business context and configurable security controls, while helping customers apply governance processes and controls, monitor usage and costs, optimize token consumption, enforce controls, and deliver repeatable outcomes at enterprise scale.
"AI agents are moving beyond information retrieval to participate in business decisions and execution," said T.K. Anand, executive vice president, Oracle. "To scale them reliably, enterprises need a system of context that reflects how the business actually works. Oracle AI Data Platform starts with business knowledge customers already have in their applications, databases, analytics, and documents and makes that context reusable across agents."
AI-Generated, Human-Governed Business Ontologies
Oracle AI Data Platform business ontologies define the concepts, terminology, relationships, and policies used to help analytics, agents, and enterprise applications interpret data consistently. The platform uses an AI Discovery agent to generate ontologies by analyzing database schemas, semantic models, application and API documentation, and business knowledge stored in unstructured documents. Business domain experts can then review and refine these ontologies before approving them as a consistent foundation for all AI solutions. As organizational needs evolve, the platform continuously monitors agents' use of the ontologies and recommends updates for domain experts to review and approve.
"The next competitive advantage in enterprise AI won't come from models alone. It will come from how well AI understands the business," said Megha Kumar, research vice president, IDC. "Oracle AI Data Platform marks an important evolution by helping organizations connect their data, business knowledge, and AI capabilities to move beyond experimentation and toward intelligent, governed business outcomes."
Build the Business Context for Enterprise AI
These business ontologies provide the foundation for a system of context that captures not only what the business data means, but also how the business operates, makes decisions, and takes action. Unlike traditional ontology projects that often rely on extensive manual modeling and specialist maintenance, Oracle AI Data Platform uses AI to help organizations curate and evolve this business context, with business and technical experts retaining ownership and control. By connecting business knowledge with the actions and workflows embedded in enterprise applications, organizations can ground AI not only in what the business knows, but also in what it can do, under which conditions, and with whose authority.
Using ontologies as the source of business knowledge, the Oracle Semantic Reasoning Engine interprets and assembles business-ready context before it reaches the AI model. It orchestrates retrieval across federated systems, resolves business relationships, and applies relevant governance controls so the model can focus on language understanding, reasoning, explanation, and user interaction. By reusing business context and prior analytical findings across queries, the engine helps reduce repetitive reasoning and optimize token usage, supporting more efficient AI operations as organizations scale.
Deep Insight Agents Put Enterprise Context into Action
Deep Insight Agents use enterprise ontologies and Oracle Semantic Reasoning Engine to investigate and reason through complex business questions. They identify drivers, run forecasts and scenarios, and recommend next actions, while supporting human review and approval.
By integrating Deep Insight Agents with Oracle Analytics Cloud, Oracle Fusion Data Intelligence, and custom applications, customers can make these insights and recommendations available across the Oracle and third-party experiences where they work.
Oracle AI Data Platform Helps Enterprises Build, Manage, and Put AI Agents to Work
As organizations scale AI agents across the business, they need to avoid agent sprawl, duplicated effort, unclear ownership, and inconsistent controls. Oracle AI Data Platform provides a consistent way to build, manage, apply governance controls to, and make agents available across the enterprise, helping organizations scale adoption while helping maintain visibility, security, and control.
Within Oracle AI Data Platform, Oracle AI Registry helps establish the foundation for enterprise AI governance processes by maintaining a centralized inventory of agents, tools, skills, and MCP servers, including their ownership, versions, dependencies, permissions, and lifecycle status. Building on this foundation, Oracle AI Governance and Control is planned to provide testing and policy assessment capabilities, and ongoing monitoring of agent behavior, quality, performance, usage, and cost. These capabilities are designed to help organizations assess readiness before deployment, monitor AI solutions in production, identify risks and unexpected behavior, and take corrective action. Together, these capabilities help customers maintain governance, accountability, and operational oversight as the enterprise AI estate grows. Business users can discover and work with registered agents through Oracle Agent Hub or supported third-party AI assistants, such as ChatGPT and Claude. The AI Registry provides centralized visibility and management of available AI capabilities, while access and execution remain subject to applicable enterprise security policies and controls.
"Anyone can adopt frontier models and agentic AI. Organizations only gain a sustainable competitive advantage when they apply those powerful algorithms to their proprietary processes and datasets," said Kevin Petrie, vice president of research, BARC. "The Oracle AI Data Platform offers a strategic step in that direction by helping enterprises derive governed, consistent, and reusable context from their data. Ontologies in particular enable models and agents to understand the interrelationships of key concepts and entities without consuming unnecessary tokens."
New Oracle AI Data Platform capabilities will be available within the next 12 months.
Oracle AI Data Platform Innovation Service Helps Turn AI Opportunities into Production Solutions
Oracle is introducing Oracle AI Data Platform Innovation Service to help organizations move high-value AI opportunities from concept to production. Working alongside customer teams, Oracle experts help define business outcomes and design, build, validate, deploy, and operate solutions using Oracle AI Data Platform and Oracle Cloud Infrastructure (OCI).
The service combines Oracle technology with forward deployed engineering expertise and ongoing operational support, helping customers put enterprise AI into production with the data, business context, security, and governance controls needed to operate at scale.
* * *
About Oracle AI World
Oracle AI World is where customers and partners discover the latest product and technology innovations, see how AI is being applied across industries, and connect with experts and peers. Attendees will gain practical tips and insights to drive immediate impact within their organizations and explore how Oracle is helping unlock the full potential of AI. Join the event to see new capabilities in action and hear from thought leaders and industry movers. Register now at oracle.com/ai-world or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.
* * *
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
* * *
Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.
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Original text here: https://www.oracle.com/news/announcement/ai-world-oracle-ai-data-platform-brings-ai-assisted-business-context-to-enterprise-ai-2026-10-27/
[Category: BizComputer Technology]
OpenAI Expands Partnership With Oracle to Bring Its Apps to ChatGPT
SAN FRANCISCO, California, Oct. 28 -- OpenAI, an Artificial Intelligence research and deployment company, issued the following news:
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October 27, 2026
OpenAI expands partnership with Oracle to bring its apps to ChatGPT
Expanding what businesses can do with Oracle--in ChatGPT and through new offerings powered by OpenAI.
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OpenAI and Oracle are bringing Oracle applications and data into ChatGPT and powering new Oracle products and services with OpenAI models and products. Together, we aim to help businesses use AI to run core operations, build better applications, and strengthen security.
This ... Show Full Article SAN FRANCISCO, California, Oct. 28 -- OpenAI, an Artificial Intelligence research and deployment company, issued the following news: * * * October 27, 2026 OpenAI expands partnership with Oracle to bring its apps to ChatGPT Expanding what businesses can do with Oracle--in ChatGPT and through new offerings powered by OpenAI. - OpenAI and Oracle are bringing Oracle applications and data into ChatGPT and powering new Oracle products and services with OpenAI models and products. Together, we aim to help businesses use AI to run core operations, build better applications, and strengthen security. Thisbuilds on our commercial relationship across the OpenAI API, ChatGPT Work, and Codex. Oracle reported 130,000 active ChatGPT users and more than 95,000 active Codex users. Its recruiting team uses ChatGPT Work for market research that once took two to four days to compile, with preparation now taking 15-20 minutes.
OpenAI and Oracle share a vision for an agent-ready enterprise where people and AI agents work across business applications in one connected environment. Our goal is to make Oracle software easier to discover, use, and manage, with simpler administration, unified sign-in, and access governed by each organization's permissions and approvals. This would help businesses scale AI across core operations and get more value from the software they already use.
Working with Oracle in ChatGPT
Oracle is developing Oracle AI Workspace to bring that vision into ChatGPT through integrations with Oracle applications and data. The goal is to let people describe what they need to accomplish, find the right information, and complete approved business workflows in one place.
For example, a new finance team member could use ChatGPT to investigate costs, understand purchasing decisions, and identify what remains before month-end close. The intended experience would bring information from finance, procurement, and planning applications together, helping more employees use Oracle software within their organization's permissions and approvals.
Bringing AI to Oracle's products
Alongside Oracle AI Workspace, Oracle is announcing updates and new offerings built with OpenAI models and tools:
* Oracle AI Security Mesh is designed to help customers find and fix vulnerabilities in applications and infrastructure using OpenAI cyber models. Oracle manages the testing infrastructure, helping customers put these capabilities to work safely and within their authorized scope.
* Oracle AI SMB Bundle combines ChatGPT Business and Codex with Oracle applications and recurring Oracle Cloud Infrastructure credits to help small businesses build products and manage operations.
* Oracle App Composer is designed to help teams build apps with Codex and other AI tools, connect them to approved Oracle data and workflows, and share them across their organization. Oracle manages deployment on Oracle Cloud Infrastructure, with company permissions and access controls built in.
Access OpenAI through Oracle Marketplace
Oracle customers in the U.S. can purchase access to the OpenAI API, Codex, and ChatGPT Work through Oracle Marketplace, using existing procurement processes and eligible Oracle Universal Credits.
Learn more about the OpenAI and Oracle partnership (https://openai.com/business/partners/oracle/).
* * *
Original text here: https://openai.com/index/oracle-apps-in-chatgpt/
[Category: BizComputer Technology]
* * *
October 27, 2026
OpenAI expands partnership with Oracle to bring its apps to ChatGPT
Expanding what businesses can do with Oracle--in ChatGPT and through new offerings powered by OpenAI.
-
OpenAI and Oracle are bringing Oracle applications and data into ChatGPT and powering new Oracle products and services with OpenAI models and products. Together, we aim to help businesses use AI to run core operations, build better applications, and strengthen security.
This ... Show Full Article SAN FRANCISCO, California, Oct. 28 -- OpenAI, an Artificial Intelligence research and deployment company, issued the following news: * * * October 27, 2026 OpenAI expands partnership with Oracle to bring its apps to ChatGPT Expanding what businesses can do with Oracle--in ChatGPT and through new offerings powered by OpenAI. - OpenAI and Oracle are bringing Oracle applications and data into ChatGPT and powering new Oracle products and services with OpenAI models and products. Together, we aim to help businesses use AI to run core operations, build better applications, and strengthen security. Thisbuilds on our commercial relationship across the OpenAI API, ChatGPT Work, and Codex. Oracle reported 130,000 active ChatGPT users and more than 95,000 active Codex users. Its recruiting team uses ChatGPT Work for market research that once took two to four days to compile, with preparation now taking 15-20 minutes.
OpenAI and Oracle share a vision for an agent-ready enterprise where people and AI agents work across business applications in one connected environment. Our goal is to make Oracle software easier to discover, use, and manage, with simpler administration, unified sign-in, and access governed by each organization's permissions and approvals. This would help businesses scale AI across core operations and get more value from the software they already use.
Working with Oracle in ChatGPT
Oracle is developing Oracle AI Workspace to bring that vision into ChatGPT through integrations with Oracle applications and data. The goal is to let people describe what they need to accomplish, find the right information, and complete approved business workflows in one place.
For example, a new finance team member could use ChatGPT to investigate costs, understand purchasing decisions, and identify what remains before month-end close. The intended experience would bring information from finance, procurement, and planning applications together, helping more employees use Oracle software within their organization's permissions and approvals.
Bringing AI to Oracle's products
Alongside Oracle AI Workspace, Oracle is announcing updates and new offerings built with OpenAI models and tools:
* Oracle AI Security Mesh is designed to help customers find and fix vulnerabilities in applications and infrastructure using OpenAI cyber models. Oracle manages the testing infrastructure, helping customers put these capabilities to work safely and within their authorized scope.
* Oracle AI SMB Bundle combines ChatGPT Business and Codex with Oracle applications and recurring Oracle Cloud Infrastructure credits to help small businesses build products and manage operations.
* Oracle App Composer is designed to help teams build apps with Codex and other AI tools, connect them to approved Oracle data and workflows, and share them across their organization. Oracle manages deployment on Oracle Cloud Infrastructure, with company permissions and access controls built in.
Access OpenAI through Oracle Marketplace
Oracle customers in the U.S. can purchase access to the OpenAI API, Codex, and ChatGPT Work through Oracle Marketplace, using existing procurement processes and eligible Oracle Universal Credits.
Learn more about the OpenAI and Oracle partnership (https://openai.com/business/partners/oracle/).
* * *
Original text here: https://openai.com/index/oracle-apps-in-chatgpt/
[Category: BizComputer Technology]
Giving Review Issues Commentary: Ford Foundation's New Strategy, and What It Isn't Saying About the Old One
WASHINGTON, Oct. 28 -- The Giving Review, an independent platform featuring analysis of philanthropy and giving, posted the following commentary by Michael E. Hartmann, senior fellow and director of the Center for Strategic Giving at the Capital Research Center:
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The Ford Foundation's new strategy, and what it isn't saying about the old one
Oct 27, 2026
It acknowledges that previous grantmaking, "in many instances," failed to produce sufficiently enduring change. Will it now reflect a reconsideration of why?
-
Last week, the 90-year-old Ford Foundation announced its much-anticipated ... Show Full Article WASHINGTON, Oct. 28 -- The Giving Review, an independent platform featuring analysis of philanthropy and giving, posted the following commentary by Michael E. Hartmann, senior fellow and director of the Center for Strategic Giving at the Capital Research Center: * * * The Ford Foundation's new strategy, and what it isn't saying about the old one Oct 27, 2026 It acknowledges that previous grantmaking, "in many instances," failed to produce sufficiently enduring change. Will it now reflect a reconsideration of why? - Last week, the 90-year-old Ford Foundation announced its much-anticipatednew strategic plan. Under the previous strategy, introduced during Darren Walker's presidency roughly a decade ago, Ford identified inequality as the defining challenge of its time. The new one, under Walker's successor Heather Gerken, makes the protection and strengthening of democracy its central organizing concept.
In a report to the board of trustees but publicly released with the announcement, How We Meet This Moment, Gerken writes, "We are reorganizing the foundation around a smaller number of priorities; instead of dividing our attention among 19 defined programs and 28 lines of work, we will focus on seven interconnected funding areas in order to execute at sufficient scale to meet the problems before us." She also promises fewer, larger grants and more multiyear general-operating support.
Gerken broadly describes the shift using both "continuity-and-change" framing and diplomatically abstract spheres of meaning, including in the labels of the seven new areas, to be expected in such circumstances. As part of a larger new-president's-reorganization genre that includes an inherent respect for institutional history, it's pretty good.
An initial external critique would be along the lines of "That's all well and good, very nice, but it remains to be seen" what this all means. And that would be true, of course, but maybe a little too easy to offer; actual grants effectuating the strategy have yet to be made, much less even decided upon.
The shift does seem as if it may be more consequential than a routine, regular ol' reorganization of grantmaking categories. It explicitly changes at least the foundation's stated, however abstractly, understanding of what its philanthropy is meant to accomplish.
Private conversations and reviews
A more-interesting and -helpful insight on the shift's explanation might be to leave what remains to be seen to the future and wonder about what just plain isn't seen as of this "moment," but must have occurred in Ford's consideration and preparation of it.
According to the report, after all, "Our work was informed and inspired by years of accumulated experience and insight derived from countless conversations inside and outside the foundation, steady and consistent outside reviews, and critical perspectives of staff across the foundation."
If not just because of a change in executive personnel, why the shift? What did these private conversations, reviews, and critical perspectives conclude was "wrong," or maybe even just wrong-headed, about the old strategy, in the previous "moment"? What has Ford learned from it? How will it apply that which it has learned in this next moment?
It is possible for strategies to survive and be applied in different moments; happens all the time. Why not here and now, in this one?
In keeping with the genre
Amidst the necessary abstractions, there could perhaps be a little bit of a hint. This is "a time for humility," according to Gerken's report. "We must acknowledge that, in many instances, we failed to enact change that was enduring--that the tents we built were not big and sturdy enough to hold in today's challenging climate."
It doesn't "remain to be seen" what that means. Gerken and Ford know. They're just not including much about that in this document--for good reason, in keeping with the genre.
It's at least plausible for an outsider to conclude this might mean that, after looking back, Ford or some in and around it now recognize that it sees the risks incurred, the damage done, by marginalizing itself too much on the progressive left. There has been and is risk and damage, the thinking could reasonably be, in purposely or effectively distancing itself from those who've thus given rise to popular, populist?, discontent with it, its funding, and the activities of those who receive it.
They were not in the tax-incentivized Ford's now self-admittedly small tents, after all, and they haven't and don't much agree with what has been in them--and there's an understandable, though I understand Ford might not think so, policy reaction against much of what's been coming out of them.
In a subsequent passage, the report says that, looking forward, "We will do our best to welcome critical perspectives and create space for deliberation, dissent, and debate. We also will create more space for learning and introspection."
Since looking forward, just how pluralist the new, humbler, more democracy-protecting Ford's promised democratic pluralism will actually be is one thing that does fit within the remains-to-be-seen category.
* * *
Michael E. Hartmann
The Giving Review co-editor Michael E. Hartmann is a senior fellow and director of the Center for Strategic Giving at the Capital Research Center (CRC) in Washington, D.C.
For almost 20 years, Hartmann served in various roles on the program staff of The Lynde and Harry Bradley Foundation in Milwaukee, including as its director of research. Before joining Bradley, he was director of research at the Wisconsin Policy Research Institute. He has been a consultant to other foundations and education-reform organizations, as well.
Hartmann is a past visiting fellow of the Philanthropy Roundtable in Washington, D.C., for which he researched and wrote Helping People to Help Themselves: A Guide for Donors. He is co-author of CRC's The Flow of Funding to Conservative and Liberal Political Campaigns, Independent Groups, and Traditional Public Policy Organizations Before and After Citizens United, hailed as "an unprecedented study" by RealClearPolicy.
A graduate of the University of Minnesota Law School, Hartmann has published law-review articles on the constitutionality of school vouchers and aspects of welfare reform, as well as on the First Amendment and intellectual-property rights.
He has written for National Affairs, American Affairs, City Journal, Law & Liberty, The American Conservative, The American Mind, National Review Online, RealClearPolitics, RealClearPolicy, RealClearBooks, RealClearReligion, The Washington Examiner, Philanthropy, Philanthropy Daily, and HistPhil.
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Original text here: https://thegivingreview.com/the-ford-foundations-new-strategy-and-what-it-isnt-saying-about-the-old-one/
[Category: BizMedia]
* * *
The Ford Foundation's new strategy, and what it isn't saying about the old one
Oct 27, 2026
It acknowledges that previous grantmaking, "in many instances," failed to produce sufficiently enduring change. Will it now reflect a reconsideration of why?
-
Last week, the 90-year-old Ford Foundation announced its much-anticipated ... Show Full Article WASHINGTON, Oct. 28 -- The Giving Review, an independent platform featuring analysis of philanthropy and giving, posted the following commentary by Michael E. Hartmann, senior fellow and director of the Center for Strategic Giving at the Capital Research Center: * * * The Ford Foundation's new strategy, and what it isn't saying about the old one Oct 27, 2026 It acknowledges that previous grantmaking, "in many instances," failed to produce sufficiently enduring change. Will it now reflect a reconsideration of why? - Last week, the 90-year-old Ford Foundation announced its much-anticipatednew strategic plan. Under the previous strategy, introduced during Darren Walker's presidency roughly a decade ago, Ford identified inequality as the defining challenge of its time. The new one, under Walker's successor Heather Gerken, makes the protection and strengthening of democracy its central organizing concept.
In a report to the board of trustees but publicly released with the announcement, How We Meet This Moment, Gerken writes, "We are reorganizing the foundation around a smaller number of priorities; instead of dividing our attention among 19 defined programs and 28 lines of work, we will focus on seven interconnected funding areas in order to execute at sufficient scale to meet the problems before us." She also promises fewer, larger grants and more multiyear general-operating support.
Gerken broadly describes the shift using both "continuity-and-change" framing and diplomatically abstract spheres of meaning, including in the labels of the seven new areas, to be expected in such circumstances. As part of a larger new-president's-reorganization genre that includes an inherent respect for institutional history, it's pretty good.
An initial external critique would be along the lines of "That's all well and good, very nice, but it remains to be seen" what this all means. And that would be true, of course, but maybe a little too easy to offer; actual grants effectuating the strategy have yet to be made, much less even decided upon.
The shift does seem as if it may be more consequential than a routine, regular ol' reorganization of grantmaking categories. It explicitly changes at least the foundation's stated, however abstractly, understanding of what its philanthropy is meant to accomplish.
Private conversations and reviews
A more-interesting and -helpful insight on the shift's explanation might be to leave what remains to be seen to the future and wonder about what just plain isn't seen as of this "moment," but must have occurred in Ford's consideration and preparation of it.
According to the report, after all, "Our work was informed and inspired by years of accumulated experience and insight derived from countless conversations inside and outside the foundation, steady and consistent outside reviews, and critical perspectives of staff across the foundation."
If not just because of a change in executive personnel, why the shift? What did these private conversations, reviews, and critical perspectives conclude was "wrong," or maybe even just wrong-headed, about the old strategy, in the previous "moment"? What has Ford learned from it? How will it apply that which it has learned in this next moment?
It is possible for strategies to survive and be applied in different moments; happens all the time. Why not here and now, in this one?
In keeping with the genre
Amidst the necessary abstractions, there could perhaps be a little bit of a hint. This is "a time for humility," according to Gerken's report. "We must acknowledge that, in many instances, we failed to enact change that was enduring--that the tents we built were not big and sturdy enough to hold in today's challenging climate."
It doesn't "remain to be seen" what that means. Gerken and Ford know. They're just not including much about that in this document--for good reason, in keeping with the genre.
It's at least plausible for an outsider to conclude this might mean that, after looking back, Ford or some in and around it now recognize that it sees the risks incurred, the damage done, by marginalizing itself too much on the progressive left. There has been and is risk and damage, the thinking could reasonably be, in purposely or effectively distancing itself from those who've thus given rise to popular, populist?, discontent with it, its funding, and the activities of those who receive it.
They were not in the tax-incentivized Ford's now self-admittedly small tents, after all, and they haven't and don't much agree with what has been in them--and there's an understandable, though I understand Ford might not think so, policy reaction against much of what's been coming out of them.
In a subsequent passage, the report says that, looking forward, "We will do our best to welcome critical perspectives and create space for deliberation, dissent, and debate. We also will create more space for learning and introspection."
Since looking forward, just how pluralist the new, humbler, more democracy-protecting Ford's promised democratic pluralism will actually be is one thing that does fit within the remains-to-be-seen category.
* * *
Michael E. Hartmann
The Giving Review co-editor Michael E. Hartmann is a senior fellow and director of the Center for Strategic Giving at the Capital Research Center (CRC) in Washington, D.C.
For almost 20 years, Hartmann served in various roles on the program staff of The Lynde and Harry Bradley Foundation in Milwaukee, including as its director of research. Before joining Bradley, he was director of research at the Wisconsin Policy Research Institute. He has been a consultant to other foundations and education-reform organizations, as well.
Hartmann is a past visiting fellow of the Philanthropy Roundtable in Washington, D.C., for which he researched and wrote Helping People to Help Themselves: A Guide for Donors. He is co-author of CRC's The Flow of Funding to Conservative and Liberal Political Campaigns, Independent Groups, and Traditional Public Policy Organizations Before and After Citizens United, hailed as "an unprecedented study" by RealClearPolicy.
A graduate of the University of Minnesota Law School, Hartmann has published law-review articles on the constitutionality of school vouchers and aspects of welfare reform, as well as on the First Amendment and intellectual-property rights.
He has written for National Affairs, American Affairs, City Journal, Law & Liberty, The American Conservative, The American Mind, National Review Online, RealClearPolitics, RealClearPolicy, RealClearBooks, RealClearReligion, The Washington Examiner, Philanthropy, Philanthropy Daily, and HistPhil.
* * *
Original text here: https://thegivingreview.com/the-ford-foundations-new-strategy-and-what-it-isnt-saying-about-the-old-one/
[Category: BizMedia]
General Mills: You Asked. Cheerios & Ziploc Brand Delivered - Cheerios With Ziploc PantrySeal Makes It Easier to Pour and Reseal Cereal
MINNEAPOLIS, Minnesota, Oct. 28 -- General Mills, a food company, issued the following news release:
* * *
You Asked. Cheerios(TM) & Ziploc(R) Brand Delivered: New Cheerios with Ziploc PantrySeal(TM) Makes It Easier to Pour and Reseal Cereal
The No. 1 cereal brand/* and the No. 1 most trusted food storage brand/** bring freshness you can reseal to the cereal aisle - available exclusively at Walmart.com beginning Oct. 27.
Key Takeaways:
- Cheerios with Ziploc PantrySeal(TM) is here - bringing a resealable bag to the traditional cereal box to answer fan demand to help keep cereal fresher longer.
- ... Show Full Article MINNEAPOLIS, Minnesota, Oct. 28 -- General Mills, a food company, issued the following news release: * * * You Asked. Cheerios(TM) & Ziploc(R) Brand Delivered: New Cheerios with Ziploc PantrySeal(TM) Makes It Easier to Pour and Reseal Cereal The No. 1 cereal brand/* and the No. 1 most trusted food storage brand/** bring freshness you can reseal to the cereal aisle - available exclusively at Walmart.com beginning Oct. 27. Key Takeaways: - Cheerios with Ziploc PantrySeal(TM) is here - bringing a resealable bag to the traditional cereal box to answer fan demand to help keep cereal fresher longer. -The new bag also features a convenient "pour spout" to make it even easier to serve up the perfect bowl of Cheerios.
- Cheerios with Ziploc PantrySeal(TM) will be available as a new choice for Cheerios and Honey Nut Cheerios exclusively at Walmart.com beginning Oct. 27.
-
MINNEAPOLIS and RACINE, Wis. -- Oct. 27, 2026 -- You asked, Cheerios(TM) and Ziploc(R) Brand delivered - freshness you can reseal! After receiving hundreds of thousands of requests, comments and reactions annually on the topic, Cheerios and Ziploc(R) Brand have come together to introduce Cheerios with Ziploc PantrySeal(TM). The new innovation features the first resealable bag inside a traditional cereal box, making it easier to pour, reseal and help keep cereal fresher longer.
The partnership brings together Cheerios, the No. 1 cereal brand/*, with more than 50 years of Ziploc(R) Brand expertise helping people seal in freshness and store the foods they love. It's a natural pairing for cereal lovers, 90% of whom say they already take extra steps beyond simply closing the cereal box to help preserve freshness/*** like folding the bag, rolling it, clipping it or even transferring it to another container.
"General Mills has received letters, emails and DMs asking for an easier way to reseal a cereal box, and we decided it was time to partner with the ultimate freshness brand: Ziploc(R)," said Emilie Knox, Vice President and Business Unit Director for Cheerios at General Mills. "Cheerios with Ziploc PantrySeal(TM) takes a small, everyday cereal frustration and finally gives consumers the simple solution they've been asking for, making the whole routine easier and more enjoyable."
The Cereal Pour, Perfected
Cheerios with Ziploc PantrySeal(TM) is made for how people want to pour a bowl of cereal, as well as store it. The resealable bag is designed to open only partially across the top to create a convenient "pour spout" as an easier way for the whole family to fill a bowl (or a cup, mug or even little hands). Cheerios with Ziploc PantrySeal(TM) then seals closed right inside the box for cereal freshness you can reseal.
"For generations, Ziploc(R) Brand has helped people keep the foods they love fresh through simple, trusted solutions," said a Ziploc(R) Brand spokesperson. "Cheerios with Ziploc PantrySeal(TM) is an exciting new expression of what Ziploc(R) Brand can do - bringing our resealable freshness expertise directly into the Cheerios package and Ziploc(R) Brand into the pantry in an entirely new way."
Same Cheerios. New way to love them.
Available as a new option in the cereal aisle for both Cheerios and Honey Nut Cheerios, Cheerios with Ziploc PantrySeal(TM) combines the same Cheerios families already reach for with Ziploc(R) Brand's expertise in resealable storage, for an easier way to open, pour, reseal - and keep enjoying.
Making Simple Happen at Scale.
A fix that feels this intuitive was anything but simple. With nearly one box of Cheerios produced every second, the new Cheerios with Ziploc PantrySeal(TM) had to be developed to work at Cheerios scale while keeping the same familiar cereal flowing to pantries nationwide. For Ziploc(R) Brand, the partnership builds on a history of resealable storage that began with the introduction of its innovative zipper technology in 1968.
And there's a fitting full-circle connection: Cheerios with Ziploc PantrySeal(TM) is being produced exclusively in Buffalo, New York, in the same place where Cheerios was first made in 1941.
Bring Cheerios with Ziploc PantrySeal(TM) to Your Pantry
Cheerios with Ziploc PantrySeal(TM) is now available exclusively at Walmart.com(Opens in a new tab) and will roll out to retailers nationwide in the coming months.
For more information, visit Cheerios.com(Opens in a new tab) or follow @Cheerios on Instagram(Opens in a new tab) and TikTok(Opens in a new tab). To learn more about Ziploc(R) Brand, follow @Ziploc(Opens in a new tab) on Instagram and @Ziploctheoriginal(Opens in a new tab) on TikTok.
* * *
Sources:
*/ Nielsen Connect Total US xAOC Cereal Franchise $ Sales, L52wks 9/19/2026
**/ Voted most trusted Food Storage Bags brand by American shoppers, 2026 BrandSpark(R) American Trust Study
***/ Suzy Survey, December 2025
* * *
About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Haagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino's, Annie's, Wanchai Ferry and more. General Mills generated fiscal 2026 net sales of U.S. $18 billion. In addition, the company's share of non-consolidated joint venture net sales totaled U.S. $1 billion.
* * *
ABOUT ZIPLOC(R)
Ziploc(R) Brand bags and containers provide smart, quality solutions that help you maximize your resources, and ultimately get more out of your everyday. From helping keep food fresh, to organizing knickknacks, to helping protect bulky items, Ziploc(R) brand products are the food and home storage solution families trust. The Ziploc(R) brand offers more than 20 products, available in grocery, mass merchandise and drug stores nationwide, including: Ziploc(R) Freezer & Storage bags with Easy Open Tabs and Stay Open Design, Slider bags, Sandwich & Snack bags with Easy Guide(TM) seal, and Twist 'N Loc Containers.
* * *
ABOUT SC JOHNSON
Founded in 1886 and headquartered in Racine, Wisconsin, USA, SC Johnson believes that a more sustainable, healthier and transparent world that inspires people and creates opportunities isn't just possible - it's our responsibility.
A heritage of innovation and bold, transparent decisions is why our high-quality products and iconic brands - including OFF!(R), Raid(R), Glade(R), Windex(R), Scrubbing Bubbles(R), Ziploc(R), Mrs. Meyer's Clean Day(R), method(R), Autan(R), Baygon(R), Mr Muscle(R), Duck(R), Lysoform(R) and more - are in homes, schools and businesses in virtually every country worldwide.
As a global, purpose-led company, we are committed to making the world a better place today and for future generations. That means relentlessly bringing our expertise in science, innovation and partnerships to bear on some of the world's most pressing environmental and health issues like reducing plastic waste and eradicating malaria. Around the world, we use our resources to unlock greater economic and educational opportunities for people and communities where access may be limited, but curiosity and potential are limitless.
* * *
URL: ZIPLOC
URL: SC JOHNSON
* * *
Original text here: https://www.generalmills.com/news-and-stories/press-releases/new-cheerios-with-ziploc-pantryseal
[Category: BizFood/Beverage]
* * *
You Asked. Cheerios(TM) & Ziploc(R) Brand Delivered: New Cheerios with Ziploc PantrySeal(TM) Makes It Easier to Pour and Reseal Cereal
The No. 1 cereal brand/* and the No. 1 most trusted food storage brand/** bring freshness you can reseal to the cereal aisle - available exclusively at Walmart.com beginning Oct. 27.
Key Takeaways:
- Cheerios with Ziploc PantrySeal(TM) is here - bringing a resealable bag to the traditional cereal box to answer fan demand to help keep cereal fresher longer.
- ... Show Full Article MINNEAPOLIS, Minnesota, Oct. 28 -- General Mills, a food company, issued the following news release: * * * You Asked. Cheerios(TM) & Ziploc(R) Brand Delivered: New Cheerios with Ziploc PantrySeal(TM) Makes It Easier to Pour and Reseal Cereal The No. 1 cereal brand/* and the No. 1 most trusted food storage brand/** bring freshness you can reseal to the cereal aisle - available exclusively at Walmart.com beginning Oct. 27. Key Takeaways: - Cheerios with Ziploc PantrySeal(TM) is here - bringing a resealable bag to the traditional cereal box to answer fan demand to help keep cereal fresher longer. -The new bag also features a convenient "pour spout" to make it even easier to serve up the perfect bowl of Cheerios.
- Cheerios with Ziploc PantrySeal(TM) will be available as a new choice for Cheerios and Honey Nut Cheerios exclusively at Walmart.com beginning Oct. 27.
-
MINNEAPOLIS and RACINE, Wis. -- Oct. 27, 2026 -- You asked, Cheerios(TM) and Ziploc(R) Brand delivered - freshness you can reseal! After receiving hundreds of thousands of requests, comments and reactions annually on the topic, Cheerios and Ziploc(R) Brand have come together to introduce Cheerios with Ziploc PantrySeal(TM). The new innovation features the first resealable bag inside a traditional cereal box, making it easier to pour, reseal and help keep cereal fresher longer.
The partnership brings together Cheerios, the No. 1 cereal brand/*, with more than 50 years of Ziploc(R) Brand expertise helping people seal in freshness and store the foods they love. It's a natural pairing for cereal lovers, 90% of whom say they already take extra steps beyond simply closing the cereal box to help preserve freshness/*** like folding the bag, rolling it, clipping it or even transferring it to another container.
"General Mills has received letters, emails and DMs asking for an easier way to reseal a cereal box, and we decided it was time to partner with the ultimate freshness brand: Ziploc(R)," said Emilie Knox, Vice President and Business Unit Director for Cheerios at General Mills. "Cheerios with Ziploc PantrySeal(TM) takes a small, everyday cereal frustration and finally gives consumers the simple solution they've been asking for, making the whole routine easier and more enjoyable."
The Cereal Pour, Perfected
Cheerios with Ziploc PantrySeal(TM) is made for how people want to pour a bowl of cereal, as well as store it. The resealable bag is designed to open only partially across the top to create a convenient "pour spout" as an easier way for the whole family to fill a bowl (or a cup, mug or even little hands). Cheerios with Ziploc PantrySeal(TM) then seals closed right inside the box for cereal freshness you can reseal.
"For generations, Ziploc(R) Brand has helped people keep the foods they love fresh through simple, trusted solutions," said a Ziploc(R) Brand spokesperson. "Cheerios with Ziploc PantrySeal(TM) is an exciting new expression of what Ziploc(R) Brand can do - bringing our resealable freshness expertise directly into the Cheerios package and Ziploc(R) Brand into the pantry in an entirely new way."
Same Cheerios. New way to love them.
Available as a new option in the cereal aisle for both Cheerios and Honey Nut Cheerios, Cheerios with Ziploc PantrySeal(TM) combines the same Cheerios families already reach for with Ziploc(R) Brand's expertise in resealable storage, for an easier way to open, pour, reseal - and keep enjoying.
Making Simple Happen at Scale.
A fix that feels this intuitive was anything but simple. With nearly one box of Cheerios produced every second, the new Cheerios with Ziploc PantrySeal(TM) had to be developed to work at Cheerios scale while keeping the same familiar cereal flowing to pantries nationwide. For Ziploc(R) Brand, the partnership builds on a history of resealable storage that began with the introduction of its innovative zipper technology in 1968.
And there's a fitting full-circle connection: Cheerios with Ziploc PantrySeal(TM) is being produced exclusively in Buffalo, New York, in the same place where Cheerios was first made in 1941.
Bring Cheerios with Ziploc PantrySeal(TM) to Your Pantry
Cheerios with Ziploc PantrySeal(TM) is now available exclusively at Walmart.com(Opens in a new tab) and will roll out to retailers nationwide in the coming months.
For more information, visit Cheerios.com(Opens in a new tab) or follow @Cheerios on Instagram(Opens in a new tab) and TikTok(Opens in a new tab). To learn more about Ziploc(R) Brand, follow @Ziploc(Opens in a new tab) on Instagram and @Ziploctheoriginal(Opens in a new tab) on TikTok.
* * *
Sources:
*/ Nielsen Connect Total US xAOC Cereal Franchise $ Sales, L52wks 9/19/2026
**/ Voted most trusted Food Storage Bags brand by American shoppers, 2026 BrandSpark(R) American Trust Study
***/ Suzy Survey, December 2025
* * *
About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Haagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino's, Annie's, Wanchai Ferry and more. General Mills generated fiscal 2026 net sales of U.S. $18 billion. In addition, the company's share of non-consolidated joint venture net sales totaled U.S. $1 billion.
* * *
ABOUT ZIPLOC(R)
Ziploc(R) Brand bags and containers provide smart, quality solutions that help you maximize your resources, and ultimately get more out of your everyday. From helping keep food fresh, to organizing knickknacks, to helping protect bulky items, Ziploc(R) brand products are the food and home storage solution families trust. The Ziploc(R) brand offers more than 20 products, available in grocery, mass merchandise and drug stores nationwide, including: Ziploc(R) Freezer & Storage bags with Easy Open Tabs and Stay Open Design, Slider bags, Sandwich & Snack bags with Easy Guide(TM) seal, and Twist 'N Loc Containers.
* * *
ABOUT SC JOHNSON
Founded in 1886 and headquartered in Racine, Wisconsin, USA, SC Johnson believes that a more sustainable, healthier and transparent world that inspires people and creates opportunities isn't just possible - it's our responsibility.
A heritage of innovation and bold, transparent decisions is why our high-quality products and iconic brands - including OFF!(R), Raid(R), Glade(R), Windex(R), Scrubbing Bubbles(R), Ziploc(R), Mrs. Meyer's Clean Day(R), method(R), Autan(R), Baygon(R), Mr Muscle(R), Duck(R), Lysoform(R) and more - are in homes, schools and businesses in virtually every country worldwide.
As a global, purpose-led company, we are committed to making the world a better place today and for future generations. That means relentlessly bringing our expertise in science, innovation and partnerships to bear on some of the world's most pressing environmental and health issues like reducing plastic waste and eradicating malaria. Around the world, we use our resources to unlock greater economic and educational opportunities for people and communities where access may be limited, but curiosity and potential are limitless.
* * *
URL: ZIPLOC
URL: SC JOHNSON
* * *
Original text here: https://www.generalmills.com/news-and-stories/press-releases/new-cheerios-with-ziploc-pantryseal
[Category: BizFood/Beverage]
GE Vernova to Acquire Trench Group
CAMBRIDGE, Massachusetts, Oct. 28 -- G.E. Vernova, an energy company, posted the following news release:
* * *
GE Vernova to acquire Trench Group
- A high-growth, accretive acquisition of a global leader in complementary high-voltage grid equipment that increases scale and geographic reach
- Vertically integrates an existing supplier and increases capacity for key grid equipment
- Trench Group expects $1.9B in revenue at approximately 36% adjusted EBITDA margin/* in 2028
- $9.0B USD equivalent purchase price, currently expected to be funded equally with cash and debt, reflects 13x 2028 ... Show Full Article CAMBRIDGE, Massachusetts, Oct. 28 -- G.E. Vernova, an energy company, posted the following news release: * * * GE Vernova to acquire Trench Group - A high-growth, accretive acquisition of a global leader in complementary high-voltage grid equipment that increases scale and geographic reach - Vertically integrates an existing supplier and increases capacity for key grid equipment - Trench Group expects $1.9B in revenue at approximately 36% adjusted EBITDA margin/* in 2028 - $9.0B USD equivalent purchase price, currently expected to be funded equally with cash and debt, reflects 13x 2028adjusted EBITDA/* before synergies; close expected in late 2027
-
CAMBRIDGE, Mass., (October 28, 2026) - GE Vernova Inc. (NYSE: GEV) today announced that it has signed an agreement to acquire Trench Group ("Trench"), a global leader in high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova's Electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet unprecedented demand for grid modernization, energy security, and electrification technologies. By vertically integrating an existing supplier with a complementary product portfolio, the acquisition will directly enhance GE Vernova's two largest Electrification businesses, Grid Systems Integration and Power Transmission, and help deliver the technologies and manufacturing capacity needed for the global electricity supercycle.
Trench has over 130 years of engineering heritage and serves more than 800 global utilities and hyperscalers with high- and medium-voltage bushings, instrument transformers, and coils. With more than 3,000 employees, its manufacturing footprint spans 11 sites across Europe, North America, and Asia, and will further enable GE Vernova to serve fast-growing demand for grid equipment. Potential acquisition synergies stem from complementary products, geographic footprint, customer relationships, and advanced manufacturing capabilities using automation, robotics, and AI-supported processes.
"Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernized, resilient grid required to keep pace with the electricity supercycle," said GE Vernova CEO Scott Strazik. "With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade, this acquisition will deliver both immediate earnings visibility and long-term strategic value. We are investing in our Electrification segment to meet the extraordinary growth opportunity in front of us, and our acquisition of Trench will further strengthen our ability to serve global customers with outstanding technology we know well. I look forward to welcoming the Trench team to GE Vernova."
"Trench Group has spent more than 130 years earning the trust of the world's leading utilities and grid operators. Joining GE Vernova will be a defining opportunity to build on that legacy with even greater capabilities and reach," said Trench Group President and CEO Dr. Bahadir Basdere. "GE Vernova's global scale, customer relationships, and footprint in key growth regions will offer more market participants access to the high-voltage components that the energy transition demands. Our team is excited about the development and growth opportunities that the combination with GE Vernova is expected to create. I look forward to what our teams can achieve together - and to serving all existing and future customers with the technology, quality, and reliability Trench stands for."
Trench components are present in the majority of high-voltage direct current lines built globally and are part of larger grid systems with many suppliers. Its high-quality products with sustainable and innovative technology are at the forefront of increasingly stringent global environmental standards. For example, across its portfolio, it has SF6-free and mineral oil-free technologies that reduce hazardous materials and lifecycle emissions - capabilities that GE Vernova's customers are increasingly seeking. These offerings enable more efficient, higher voltage electrical grids, increasing affordability for consumers.
As global electricity grids confront surging demand from aging infrastructure, data centers, renewable energy, and industrial electrification, higher voltage transmission lines are increasingly becoming the backbone of the system, carrying up to six times more power per corridor than conventional lines. With this acquisition, GE Vernova will enhance its capabilities in manufacturing grid components for North America, through a newly opened Trench facility in Charlotte, North Carolina, with manufacturing of 765kv equipment expected to begin in late 2027.
Under the purchase agreement, GE Vernova will pay $9.0 billion USD equivalent at closing, currently expected to be funded equally between cash and debt. The acquisition is expected to close in late 2027, subject to the completion of customary regulatory approvals together with consultation with employee representatives where legally required.
GE Vernova will discuss the transaction during an extended third quarter earnings conference call today at 7:30 AM Eastern Time. Materials related to the transaction have been posted on GE Vernova's Investor Relations website at www.gevernova.com/investors/events.
* * *
TABLE: Standalone Trench Group Financials
* * *
Goldman Sachs & Co. LLC and UBS Investment Bank acted as financial advisors to GE Vernova on the transaction, and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to GE Vernova. Bank of America and Morgan Stanley & Co. International plc acted as financial advisor to Triton Partners, and Latham & Watkins served as legal counsel to Triton Partners.
Trench Group Acquisition Price and Financial Information
The Trench Group acquisition price and financial information presented in this press release are expressed in U.S. dollar equivalents based on a EUR/USD exchange rate of 1.12. Actual U.S. dollar equivalent amounts may differ based on the prevailing EUR/USD exchange rate at the applicable times. The Trench Group financial information was prepared by GE Vernova based on data provided by Trench Group and reflect Trench Group's accounting policies, which may differ from GE Vernova's.
*/ Non-GAAP financial measure
* * *
Non-GAAP Financial Measures
Trench Group Adjusted EBITDA/* and Adjusted EBITDA margin/*
Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* are non-GAAP financial measures and are forecasts of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We believe that Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/*, which are adjusted to exclude the effects of unique and/or noncash items that are not closely associated with ongoing operations, provide management and investors with meaningful measures of performance that increase the period-to-period comparability by highlighting the results from ongoing operations and the underlying profitability factors. We believe Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* provide additional insight into how the business is expected to perform, on a normalized basis. However, Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* should not be construed as inferring that Trench Group's future results will be unaffected by the items for which the measures adjust. We cannot provide a reconciliation of the differences between Trench Group's expected Adjusted EBITDA/* and Adjusted EBITDA margin/* and the corresponding GAAP financial measures without unreasonable effort due to the uncertainty and inherent difficulty of predicting the occurrence and financial impact of certain items, including the applicable tax rate, foreign exchange rates, the impacts of depreciation and amortization, and changes to conform accounting to U.S. GAAP.
* * *
Trench Group free cash flow/*
Trench Group's free cash flow/* is a non-GAAP financial measure and is a forecast of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We cannot provide a reconciliation of the differences between Trench Group's free cash flow/* and the corresponding GAAP financial measure without unreasonable effort, including due to the uncertainty of timing for capital expenditures, foreign exchange rates, and changes to conform accounting to U.S. GAAP.
* * *
About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification, and Wind segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.
* * *
About Trench Group
Trench Group is a global technology provider for high-voltage grid components and systems, present in power transmission grids worldwide.
Headquartered in Berlin, with more than 130 years of engineering expertise, Trench Group designs and manufactures high-voltage components that address the core challenges of modern power infrastructure - connecting grids, measuring their performance and ensuring reliability.
As electricity demand rises and power grids transform worldwide, Trench Group is an enabler of the infrastructure the world needs, with a portfolio that includes bushings, cable terminations, instrument transformers, coils and capacitors.
Since its independence in April 2024, Trench Group has doubled its annual revenue to more than 1 billion Euro.
The company operates 11 factories across 8 countries and employs more than 3,000 people.
* * *
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about GE Vernova's agreement to acquire Trench Group, the anticipated timing of closing, the expected financial and operational performance of the Trench Group business, the expected benefits, synergies, accretion, and funding of the transaction, planned capacity and other investments, GE Vernova's capital allocation strategy, and expected demand for GE Vernova's and Trench Group's products and services. These statements often include words such as "believe", "expect", "guidance", "outlook", "anticipate", "intend", "plan", "enable", "estimate", "will", "may", or similar expressions. They reflect our current expectations, are based on judgments and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the performance and continued expansion of the Trench Group business; demand for GE Vernova's and Trench Group's products and services, the loss of, or reduced orders from, key customers; retention of key suppliers and employees; changes in tariffs, changes in currency exchange rates; difficulties in integrating Trench Group or realizing the expected benefits and synergies; the availability and terms of acquisition financing; transaction-related costs and litigation; delays in closing the acquisition, which could increase its cost or result in the acquisition not being completed; regulatory approvals for the acquisition not being obtained, or obtained subject to conditions or undertakings that could limit the combined business or reduce the anticipated benefits of the transaction; the outcome of required consultations with employee representatives; other closing conditions not being satisfied; and termination of the acquisition agreement. These and other factors are more fully discussed in our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our annual reports on Form 10-K and quarterly reports on Form 10-Q, and in our current reports on Form 8-K, as well as at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as required by law or regulation. This press release also includes forward-looking projected financial information that is based on current estimates and forecasts; actual results could differ materially.
* * *
URL: Trench Group
* * *
Original text here: https://www.gevernova.com/news/press-releases/ge-vernova-acquire-trench-group
[Category: BizEnergy]
* * *
GE Vernova to acquire Trench Group
- A high-growth, accretive acquisition of a global leader in complementary high-voltage grid equipment that increases scale and geographic reach
- Vertically integrates an existing supplier and increases capacity for key grid equipment
- Trench Group expects $1.9B in revenue at approximately 36% adjusted EBITDA margin/* in 2028
- $9.0B USD equivalent purchase price, currently expected to be funded equally with cash and debt, reflects 13x 2028 ... Show Full Article CAMBRIDGE, Massachusetts, Oct. 28 -- G.E. Vernova, an energy company, posted the following news release: * * * GE Vernova to acquire Trench Group - A high-growth, accretive acquisition of a global leader in complementary high-voltage grid equipment that increases scale and geographic reach - Vertically integrates an existing supplier and increases capacity for key grid equipment - Trench Group expects $1.9B in revenue at approximately 36% adjusted EBITDA margin/* in 2028 - $9.0B USD equivalent purchase price, currently expected to be funded equally with cash and debt, reflects 13x 2028adjusted EBITDA/* before synergies; close expected in late 2027
-
CAMBRIDGE, Mass., (October 28, 2026) - GE Vernova Inc. (NYSE: GEV) today announced that it has signed an agreement to acquire Trench Group ("Trench"), a global leader in high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova's Electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet unprecedented demand for grid modernization, energy security, and electrification technologies. By vertically integrating an existing supplier with a complementary product portfolio, the acquisition will directly enhance GE Vernova's two largest Electrification businesses, Grid Systems Integration and Power Transmission, and help deliver the technologies and manufacturing capacity needed for the global electricity supercycle.
Trench has over 130 years of engineering heritage and serves more than 800 global utilities and hyperscalers with high- and medium-voltage bushings, instrument transformers, and coils. With more than 3,000 employees, its manufacturing footprint spans 11 sites across Europe, North America, and Asia, and will further enable GE Vernova to serve fast-growing demand for grid equipment. Potential acquisition synergies stem from complementary products, geographic footprint, customer relationships, and advanced manufacturing capabilities using automation, robotics, and AI-supported processes.
"Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernized, resilient grid required to keep pace with the electricity supercycle," said GE Vernova CEO Scott Strazik. "With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade, this acquisition will deliver both immediate earnings visibility and long-term strategic value. We are investing in our Electrification segment to meet the extraordinary growth opportunity in front of us, and our acquisition of Trench will further strengthen our ability to serve global customers with outstanding technology we know well. I look forward to welcoming the Trench team to GE Vernova."
"Trench Group has spent more than 130 years earning the trust of the world's leading utilities and grid operators. Joining GE Vernova will be a defining opportunity to build on that legacy with even greater capabilities and reach," said Trench Group President and CEO Dr. Bahadir Basdere. "GE Vernova's global scale, customer relationships, and footprint in key growth regions will offer more market participants access to the high-voltage components that the energy transition demands. Our team is excited about the development and growth opportunities that the combination with GE Vernova is expected to create. I look forward to what our teams can achieve together - and to serving all existing and future customers with the technology, quality, and reliability Trench stands for."
Trench components are present in the majority of high-voltage direct current lines built globally and are part of larger grid systems with many suppliers. Its high-quality products with sustainable and innovative technology are at the forefront of increasingly stringent global environmental standards. For example, across its portfolio, it has SF6-free and mineral oil-free technologies that reduce hazardous materials and lifecycle emissions - capabilities that GE Vernova's customers are increasingly seeking. These offerings enable more efficient, higher voltage electrical grids, increasing affordability for consumers.
As global electricity grids confront surging demand from aging infrastructure, data centers, renewable energy, and industrial electrification, higher voltage transmission lines are increasingly becoming the backbone of the system, carrying up to six times more power per corridor than conventional lines. With this acquisition, GE Vernova will enhance its capabilities in manufacturing grid components for North America, through a newly opened Trench facility in Charlotte, North Carolina, with manufacturing of 765kv equipment expected to begin in late 2027.
Under the purchase agreement, GE Vernova will pay $9.0 billion USD equivalent at closing, currently expected to be funded equally between cash and debt. The acquisition is expected to close in late 2027, subject to the completion of customary regulatory approvals together with consultation with employee representatives where legally required.
GE Vernova will discuss the transaction during an extended third quarter earnings conference call today at 7:30 AM Eastern Time. Materials related to the transaction have been posted on GE Vernova's Investor Relations website at www.gevernova.com/investors/events.
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TABLE: Standalone Trench Group Financials
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Goldman Sachs & Co. LLC and UBS Investment Bank acted as financial advisors to GE Vernova on the transaction, and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to GE Vernova. Bank of America and Morgan Stanley & Co. International plc acted as financial advisor to Triton Partners, and Latham & Watkins served as legal counsel to Triton Partners.
Trench Group Acquisition Price and Financial Information
The Trench Group acquisition price and financial information presented in this press release are expressed in U.S. dollar equivalents based on a EUR/USD exchange rate of 1.12. Actual U.S. dollar equivalent amounts may differ based on the prevailing EUR/USD exchange rate at the applicable times. The Trench Group financial information was prepared by GE Vernova based on data provided by Trench Group and reflect Trench Group's accounting policies, which may differ from GE Vernova's.
*/ Non-GAAP financial measure
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Non-GAAP Financial Measures
Trench Group Adjusted EBITDA/* and Adjusted EBITDA margin/*
Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* are non-GAAP financial measures and are forecasts of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We believe that Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/*, which are adjusted to exclude the effects of unique and/or noncash items that are not closely associated with ongoing operations, provide management and investors with meaningful measures of performance that increase the period-to-period comparability by highlighting the results from ongoing operations and the underlying profitability factors. We believe Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* provide additional insight into how the business is expected to perform, on a normalized basis. However, Trench Group's Adjusted EBITDA/* and Adjusted EBITDA margin/* should not be construed as inferring that Trench Group's future results will be unaffected by the items for which the measures adjust. We cannot provide a reconciliation of the differences between Trench Group's expected Adjusted EBITDA/* and Adjusted EBITDA margin/* and the corresponding GAAP financial measures without unreasonable effort due to the uncertainty and inherent difficulty of predicting the occurrence and financial impact of certain items, including the applicable tax rate, foreign exchange rates, the impacts of depreciation and amortization, and changes to conform accounting to U.S. GAAP.
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Trench Group free cash flow/*
Trench Group's free cash flow/* is a non-GAAP financial measure and is a forecast of Trench Group as a standalone business prepared by GE Vernova based on data provided by Trench Group and prepared under its accounting policies and exclude any expected synergies, integration costs, and purchase price accounting adjustments determined through due diligence. We cannot provide a reconciliation of the differences between Trench Group's free cash flow/* and the corresponding GAAP financial measure without unreasonable effort, including due to the uncertainty of timing for capital expenditures, foreign exchange rates, and changes to conform accounting to U.S. GAAP.
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About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Electrification, and Wind segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 85,000 employees across approximately 100 countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.
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About Trench Group
Trench Group is a global technology provider for high-voltage grid components and systems, present in power transmission grids worldwide.
Headquartered in Berlin, with more than 130 years of engineering expertise, Trench Group designs and manufactures high-voltage components that address the core challenges of modern power infrastructure - connecting grids, measuring their performance and ensuring reliability.
As electricity demand rises and power grids transform worldwide, Trench Group is an enabler of the infrastructure the world needs, with a portfolio that includes bushings, cable terminations, instrument transformers, coils and capacitors.
Since its independence in April 2024, Trench Group has doubled its annual revenue to more than 1 billion Euro.
The company operates 11 factories across 8 countries and employs more than 3,000 people.
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CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about GE Vernova's agreement to acquire Trench Group, the anticipated timing of closing, the expected financial and operational performance of the Trench Group business, the expected benefits, synergies, accretion, and funding of the transaction, planned capacity and other investments, GE Vernova's capital allocation strategy, and expected demand for GE Vernova's and Trench Group's products and services. These statements often include words such as "believe", "expect", "guidance", "outlook", "anticipate", "intend", "plan", "enable", "estimate", "will", "may", or similar expressions. They reflect our current expectations, are based on judgments and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially, including, among others: the performance and continued expansion of the Trench Group business; demand for GE Vernova's and Trench Group's products and services, the loss of, or reduced orders from, key customers; retention of key suppliers and employees; changes in tariffs, changes in currency exchange rates; difficulties in integrating Trench Group or realizing the expected benefits and synergies; the availability and terms of acquisition financing; transaction-related costs and litigation; delays in closing the acquisition, which could increase its cost or result in the acquisition not being completed; regulatory approvals for the acquisition not being obtained, or obtained subject to conditions or undertakings that could limit the combined business or reduce the anticipated benefits of the transaction; the outcome of required consultations with employee representatives; other closing conditions not being satisfied; and termination of the acquisition agreement. These and other factors are more fully discussed in our filings with the Securities and Exchange Commission, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our annual reports on Form 10-K and quarterly reports on Form 10-Q, and in our current reports on Form 8-K, as well as at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as required by law or regulation. This press release also includes forward-looking projected financial information that is based on current estimates and forecasts; actual results could differ materially.
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URL: Trench Group
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Original text here: https://www.gevernova.com/news/press-releases/ge-vernova-acquire-trench-group
[Category: BizEnergy]
Cooley Advised Corxel Pharmaceuticals on Business Combination Agreement With Amanat Acquisition Corp
PALO ALTO, California, Oct. 28 -- Cooley, a law firm, issued the following news release:
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Cooley Advised Corxel Pharmaceuticals on Business Combination Agreement with Amanat Acquisition Corp
October 27, 2026
Cooley advised Corxel Pharmaceuticals, a clinical-stage biopharmaceutical company focused on developing innovative oral therapies for obesity and related cardiometabolic conditions, on its definitive business combination agreement with Amanat Acquisition Corp., a publicly traded special purpose acquisition company. Upon completion of the proposed transaction, Corxel US will become ... Show Full Article PALO ALTO, California, Oct. 28 -- Cooley, a law firm, issued the following news release: * * * Cooley Advised Corxel Pharmaceuticals on Business Combination Agreement with Amanat Acquisition Corp October 27, 2026 Cooley advised Corxel Pharmaceuticals, a clinical-stage biopharmaceutical company focused on developing innovative oral therapies for obesity and related cardiometabolic conditions, on its definitive business combination agreement with Amanat Acquisition Corp., a publicly traded special purpose acquisition company. Upon completion of the proposed transaction, Corxel US will becomea wholly owned subsidiary of the combined public company. The proposed business combination and concurrent PIPE are expected to provide approximately $377 million (prior to the payment of transaction costs and assuming no redemptions by Amanat's shareholders) in gross proceeds to the combined company. The net proceeds from the proposed transaction are expected to support the company through 2029 and to fund the global Phase 3 development program for CX11 in obesity.
The transaction was announced publicly in this press release.
Div Gupta, Rama Padmanabhan, Lindsey O'Crump Crow, Minkyu Park, Ruomu Li, Will Cai, Mark Ballantyne, Michael Shen, and Susan Choy led the team advising Corxel Pharmaceuticals.
Alessandra Murata, Alexander Lee, Ariane Andrade, Helenanne Connolly, Sharon Connaughton, Rajdeep Bains, Brenna McGuire, Ama Zaniker-Gomez, Ben Shulman, John DelMastro, Virat Gupta, Hardy Zhou, Sean Ross, Shelby Saunders, and Jason Valentine provided invaluable support.
Cooley previously advised Corxel Pharmaceuticals on its Series D Financing in 2026.
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About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation.
Cooley has nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000 people.
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URL: Corxel Pharmaceuticals
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Original text here: https://www.cooley.com/news/coverage/2026/2026-10-27-cooley-advised-corxel-pharmaceuticals-on-business-combination-agreement-with-amanat-acquisition-corp
[Category: BizLaw/Legal]
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Cooley Advised Corxel Pharmaceuticals on Business Combination Agreement with Amanat Acquisition Corp
October 27, 2026
Cooley advised Corxel Pharmaceuticals, a clinical-stage biopharmaceutical company focused on developing innovative oral therapies for obesity and related cardiometabolic conditions, on its definitive business combination agreement with Amanat Acquisition Corp., a publicly traded special purpose acquisition company. Upon completion of the proposed transaction, Corxel US will become ... Show Full Article PALO ALTO, California, Oct. 28 -- Cooley, a law firm, issued the following news release: * * * Cooley Advised Corxel Pharmaceuticals on Business Combination Agreement with Amanat Acquisition Corp October 27, 2026 Cooley advised Corxel Pharmaceuticals, a clinical-stage biopharmaceutical company focused on developing innovative oral therapies for obesity and related cardiometabolic conditions, on its definitive business combination agreement with Amanat Acquisition Corp., a publicly traded special purpose acquisition company. Upon completion of the proposed transaction, Corxel US will becomea wholly owned subsidiary of the combined public company. The proposed business combination and concurrent PIPE are expected to provide approximately $377 million (prior to the payment of transaction costs and assuming no redemptions by Amanat's shareholders) in gross proceeds to the combined company. The net proceeds from the proposed transaction are expected to support the company through 2029 and to fund the global Phase 3 development program for CX11 in obesity.
The transaction was announced publicly in this press release.
Div Gupta, Rama Padmanabhan, Lindsey O'Crump Crow, Minkyu Park, Ruomu Li, Will Cai, Mark Ballantyne, Michael Shen, and Susan Choy led the team advising Corxel Pharmaceuticals.
Alessandra Murata, Alexander Lee, Ariane Andrade, Helenanne Connolly, Sharon Connaughton, Rajdeep Bains, Brenna McGuire, Ama Zaniker-Gomez, Ben Shulman, John DelMastro, Virat Gupta, Hardy Zhou, Sean Ross, Shelby Saunders, and Jason Valentine provided invaluable support.
Cooley previously advised Corxel Pharmaceuticals on its Series D Financing in 2026.
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About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation.
Cooley has nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000 people.
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URL: Corxel Pharmaceuticals
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Original text here: https://www.cooley.com/news/coverage/2026/2026-10-27-cooley-advised-corxel-pharmaceuticals-on-business-combination-agreement-with-amanat-acquisition-corp
[Category: BizLaw/Legal]
Benchmark Litigation Highlights Hughes Hubbard's Success Representing SKAT in Fraud Litigation
NEW YORK, Oct. 28 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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October 27, 2026
Benchmark Litigation Highlights Hughes Hubbard's Success Representing SKAT in Fraud Litigation
Marc Weinstein discusses the strategy behind the firm's successful representation of the Danish tax authority in its multiyear U.S. litigation.
Highlights
* Benchmark Litigation highlights Hughes Hubbard's successful representation of SKAT and the strategy behind the litigation.
* Hughes Hubbard has secured significant trial and appellate victories for SKAT, with more than $480 million recovered ... Show Full Article NEW YORK, Oct. 28 -- Hughes Hubbard and Reed, a law firm, issued the following news: * * * October 27, 2026 Benchmark Litigation Highlights Hughes Hubbard's Success Representing SKAT in Fraud Litigation Marc Weinstein discusses the strategy behind the firm's successful representation of the Danish tax authority in its multiyear U.S. litigation. Highlights * Benchmark Litigation highlights Hughes Hubbard's successful representation of SKAT and the strategy behind the litigation. * Hughes Hubbard has secured significant trial and appellate victories for SKAT, with more than $480 million recoveredthrough U.S. litigation to date.
* Marc Weinstein details the firm's approach to the complex litigation and the challenges of presenting the case to a jury.
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Benchmark Litigation highlighted Hughes Hubbard's successes and strategies in representing the Customs and Tax Administration of the Kingdom of Denmark, or Skatteforvaltningen (SKAT), in its ongoing multi-district litigation to recover $1.1 billion from a tax fraud scheme involving fraudulent claims for refunds on tax withheld from Danish dividends, including the U.S. Court of Appeals for the Second Circuit recently affirming a judgment exceeding $476 million and rejecting the defendants' challenge to SKAT's fraud claims.
In a Q&A with the publication, Marc Weinstein discussed the strategy behind the litigation.
After filing approximately 180 cases in 11 federal district courts, the firm sought to consolidate the cases in New York through multidistrict litigation, a strategy designed to centralize the proceedings, streamline discovery and enable coordinated recoveries.
"Hughes Hubbard is very familiar with multidistrict litigation in which cases from jurisdictions around the country are consolidated into one. We decided to use a strategy typically employed on the defense side: to petition to consolidate the cases in New York."
Weinstein also discussed the defendants' argument that SKAT's claims were barred by the common law revenue rule and the firm's approach to the issue.
"We had identified this as a potential issue on day one and drafted the complaints with care to avoid this trap. Our theory of the case is that this wasn't tax fraud at all - the pension plans never owned any shares, so never received any dividends, and so never paid any tax."
At trial, Weinstein said the team also adapted its strategy to focus on red flags that would help explain the complex financial fraud allegations to the jury.
"It's always a challenge to explain complex financial fraud to a jury, particularly without any smoking gun evidence, and we had to pivot the expert case during trial to focus on the red flags that we said would have alerted anyone with any market experience to the fact that this was very obviously a giant fraud," Weinstein said. "At its simplest, our case was that these trades were too good to be true, and the jury agreed."
Weinstein noted that Hughes Hubbard's work for SKAT continues as the firm seeks to enforce the judgments obtained in the litigation.
"It's by no means over! We are busy enforcing the jury award, plus another $164 million bench trial judgment that was handed down last fall against the three other fraudsters. To date, through US litigation we have recovered more than $480 million for SKAT and are looking to add to that figure."
Read the article (https://www.benchmarklitigation.com/article/2h2q40obmoo8czbvvec5c/behind-the-case/behind-the-case-how-hughes-hubbard-scored-for-skat-with-500m-verdict) (subscription required).
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Original text here: https://www.hugheshubbard.com/news-insights/news/benchmark-litigation-highlights-hughes-hubbard-s-success-representing-skat-in-fraud-litigation
[Category: BizLaw/Legal]
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October 27, 2026
Benchmark Litigation Highlights Hughes Hubbard's Success Representing SKAT in Fraud Litigation
Marc Weinstein discusses the strategy behind the firm's successful representation of the Danish tax authority in its multiyear U.S. litigation.
Highlights
* Benchmark Litigation highlights Hughes Hubbard's successful representation of SKAT and the strategy behind the litigation.
* Hughes Hubbard has secured significant trial and appellate victories for SKAT, with more than $480 million recovered ... Show Full Article NEW YORK, Oct. 28 -- Hughes Hubbard and Reed, a law firm, issued the following news: * * * October 27, 2026 Benchmark Litigation Highlights Hughes Hubbard's Success Representing SKAT in Fraud Litigation Marc Weinstein discusses the strategy behind the firm's successful representation of the Danish tax authority in its multiyear U.S. litigation. Highlights * Benchmark Litigation highlights Hughes Hubbard's successful representation of SKAT and the strategy behind the litigation. * Hughes Hubbard has secured significant trial and appellate victories for SKAT, with more than $480 million recoveredthrough U.S. litigation to date.
* Marc Weinstein details the firm's approach to the complex litigation and the challenges of presenting the case to a jury.
-
Benchmark Litigation highlighted Hughes Hubbard's successes and strategies in representing the Customs and Tax Administration of the Kingdom of Denmark, or Skatteforvaltningen (SKAT), in its ongoing multi-district litigation to recover $1.1 billion from a tax fraud scheme involving fraudulent claims for refunds on tax withheld from Danish dividends, including the U.S. Court of Appeals for the Second Circuit recently affirming a judgment exceeding $476 million and rejecting the defendants' challenge to SKAT's fraud claims.
In a Q&A with the publication, Marc Weinstein discussed the strategy behind the litigation.
After filing approximately 180 cases in 11 federal district courts, the firm sought to consolidate the cases in New York through multidistrict litigation, a strategy designed to centralize the proceedings, streamline discovery and enable coordinated recoveries.
"Hughes Hubbard is very familiar with multidistrict litigation in which cases from jurisdictions around the country are consolidated into one. We decided to use a strategy typically employed on the defense side: to petition to consolidate the cases in New York."
Weinstein also discussed the defendants' argument that SKAT's claims were barred by the common law revenue rule and the firm's approach to the issue.
"We had identified this as a potential issue on day one and drafted the complaints with care to avoid this trap. Our theory of the case is that this wasn't tax fraud at all - the pension plans never owned any shares, so never received any dividends, and so never paid any tax."
At trial, Weinstein said the team also adapted its strategy to focus on red flags that would help explain the complex financial fraud allegations to the jury.
"It's always a challenge to explain complex financial fraud to a jury, particularly without any smoking gun evidence, and we had to pivot the expert case during trial to focus on the red flags that we said would have alerted anyone with any market experience to the fact that this was very obviously a giant fraud," Weinstein said. "At its simplest, our case was that these trades were too good to be true, and the jury agreed."
Weinstein noted that Hughes Hubbard's work for SKAT continues as the firm seeks to enforce the judgments obtained in the litigation.
"It's by no means over! We are busy enforcing the jury award, plus another $164 million bench trial judgment that was handed down last fall against the three other fraudsters. To date, through US litigation we have recovered more than $480 million for SKAT and are looking to add to that figure."
Read the article (https://www.benchmarklitigation.com/article/2h2q40obmoo8czbvvec5c/behind-the-case/behind-the-case-how-hughes-hubbard-scored-for-skat-with-500m-verdict) (subscription required).
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Original text here: https://www.hugheshubbard.com/news-insights/news/benchmark-litigation-highlights-hughes-hubbard-s-success-representing-skat-in-fraud-litigation
[Category: BizLaw/Legal]