Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Zac Posen Unveils Custom GapStudio Design for Kendall Jenner at the 2026 Met Gala
SAN FRANCISCO, California, May 5 [Category: BizConsumer Services] -- Gap, a retailer of clothing and accessories, posted the following news release on May 4, 2026:
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Zac Posen Unveils Custom GapStudio Design for Kendall Jenner at the 2026 Met Gala
From Icon to Artifact: GapStudio Elevates the White T-Shirt on Fashion's Global Stage
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Tonight, Kendall Jenner debuts a custom look by Zac Posen, Executive Vice President and Creative Director of Gap Inc. Designed and constructed in the GapStudio at the brand's New York headquarters, Jenner's look transforms the Gap white T-shirt into a sculptural
... Show Full Article
SAN FRANCISCO, California, May 5 [Category: BizConsumer Services] -- Gap, a retailer of clothing and accessories, posted the following news release on May 4, 2026:
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Zac Posen Unveils Custom GapStudio Design for Kendall Jenner at the 2026 Met Gala
From Icon to Artifact: GapStudio Elevates the White T-Shirt on Fashion's Global Stage
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Tonight, Kendall Jenner debuts a custom look by Zac Posen, Executive Vice President and Creative Director of Gap Inc. Designed and constructed in the GapStudio at the brand's New York headquarters, Jenner's look transforms the Gap white T-shirt into a sculpturalstatement, inspired by the Winged Victory of Samothrace. It is a defining moment for GapStudio, Gap's highest expression of creativity and craftsmanship, with a clear point of view at the intersection of fashion, art, and culture.
For this year's Met Gala, themed "Costume Art" with a dress code "Fashion is Art", Posen created a design shaped by his early experience as an intern at the Costume Institute and his longstanding study on the connectivity between fashion, art, and the human body.
Drawing inspiration from the Winged Victory of Samothrace, the look explores the interplay of strength, femininity, and freedom through movement and form. The sculpture's drapery and sense of motion inform every element of the design, balancing fluidity and structure to create a silhouette that feels goddess-like and ethereal.
"Fashion becomes art when it engages with the body. It's not separate from the wearer; the body becomes part of the artwork," said Zac Posen. "The look started with a white T-shirt and evolved through draping and manipulation into something sculptural and alive, shaped by movement, with a sense of fluidity and wind that echoes the sea-swept energy of the sculpture. By bringing GapStudio to the Met Gala, we're showcasing the strength of our Gap icons on fashion's biggest stage through elevated craftsmanship and style."
This collaboration brings together Posen's signature romanticism and craft with Jenner's refined sensibility. The look is transformed through liquid-like cotton jersey draped over a custom-molded leather bodice base. Engineered as a second-skin form, the foundation is built from the body outward, where the body itself becomes the structure of the garment. This process moves beyond traditional draping, combining anatomical precision with couture technique to create a work of art meant for the Met. Layers of jersey, satin-faced chiffon, and organza balance fluidity and structure, while detachable wing-like extensions, featuring a photographic print of the Winged Victory of Samothrace, bring the inspiration to life. Hand-dyed in tea to create depth and a lived-in patina, the final composition evokes classical "wet drapery," where fabric both reveals and enhances the body beneath.
"GapStudio elevates our role in fashion and culture and allows Gap to show up at moments that really matter," said Mark Breitbard, President & CEO of Gap. "Gap can move seamlessly from Coachella to the Met Gala and feel authentic in both, fueling cultural relevance and driving product demand."
Posen's own red-carpet look features a reimagined Gap Icon jacket, cast in leather and sculpted to echo the musculature of a classical Greek figure. Taking inspiration from bust forms, Posen's look is finished in a hand-painted bronzed patina with subtle verdant undertones, evoking the surface of an oxidized-copper aged sculpture. Grounded in dark indigo boot jeans, the look balances the mythic with the everyday, reinforcing Gap's ability to translate cultural ideas through its most recognizable essentials.
GapStudio, launched in April 2025, represents the pinnacle of design within the brand, merging heritage with innovation through limited-edition collections and high-profile cultural moments. Its presence at the Met Gala underscores Gap's broader commitment to creativity and the arts, a legacy rooted in the Fisher family's longstanding support of cultural institutions and contemporary art. By bringing GapStudio to the Met Gala stage, Gap continues to define its place within the global fashion conversation, positioning itself at the intersection of design, culture, and creativity.
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About GapStudio
GapStudio is a segment within Gap that represents the highest expression of the iconic American brand in terms of style, craftsmanship and quality, created inside Gap's New York HQ and designed by Gap Inc's Executive Vice President and Creative Director, Zac Posen.
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About Gap
Gap is a globally recognized icon of casual American style. Founded in San Francisco in 1969, Gap champions originality by creating loved essentials and delivering culturally-relevant experiences that celebrate individuality. Gap is an apparel and accessories brand that offers GapKids, babyGap, Gap Maternity, GapBody and GapFit collections as well as limited-edition collections with GapStudio and with partner brands through GapX. The brand also serves value-conscious customers with exclusively designed collections for Gap Outlet and Gap Factory Stores. Gap is the namesake brand of the global specialty retailer, Gap Inc. (NYSE: GAP) and connects with customers online and in company-operated and franchise retail locations globally. For more information, please visit gap.com.
Don't miss out on the latest Gap Inc. news! Sign-up to get email alerts about news on Gap Inc. and our brands.
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Original text here: https://www.gapinc.com/en-us/articles/2026/05/zac-posen-unveils-custom-gapstudio-design-for-kend
Sutter's CPMC, SF State Open Pediatric Simulation Room
SACRAMENTO, California, May 5 -- Sutter Health issued the following news release on May 4, 2026:
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Sutter's CPMC, SF State Open Pediatric Simulation Room
Sutter Health's $200,000 investment expands hands-on training to strengthen pediatric nursing workforce in the Bay Area
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SAN FRANCISCO - Sutter's CPMC, part of Sutter Health, and San Francisco State University (SFSU) today announced a milestone in their partnership to advance pediatric nursing education through a $200,000 Sutter Health investment. The funding supports a new, fully equipped pediatric simulation room on the SFSU campus
... Show Full Article
SACRAMENTO, California, May 5 -- Sutter Health issued the following news release on May 4, 2026:
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Sutter's CPMC, SF State Open Pediatric Simulation Room
Sutter Health's $200,000 investment expands hands-on training to strengthen pediatric nursing workforce in the Bay Area
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SAN FRANCISCO - Sutter's CPMC, part of Sutter Health, and San Francisco State University (SFSU) today announced a milestone in their partnership to advance pediatric nursing education through a $200,000 Sutter Health investment. The funding supports a new, fully equipped pediatric simulation room on the SFSU campusdesigned to strengthen hands-on training for future nurses in the San Francisco Bay Area. Through the collaboration, graduates are well-positioned to enter pediatric units better prepared, potentially reducing onboarding time and improving early-career readiness for employers like Sutter and others across the region.
The new initiative builds on a successful academic-clinical collaboration between Sutter's CPMC and SFSU that began in 2024 to expand clinical placements for nursing students, an effort which allowed the university to increase enrollment in its Accelerated Bachelor of Science in Nursing Program by 25%.
"We are grateful to Sutter Health for their investment in our pediatric simulation lab. This partnership strengthens how we prepare our nursing students by giving them access to realistic pediatric training environments earlier in their education," said SFSU President Lynn Mahoney. "It expands what is possible within nursing education and ensures our graduates are ready to serve the needs of patients and families as they transition from learning into practice."
Pediatric workforce needs in the Bay Area
Hospitals and health systems across California continue to need more well-trained nurses across all nursing specialties, with pediatric care among the most specialized and difficult areas to staff. At the same time, limited clinical placement opportunities, also called clinical rotations, have constrained nursing program growth, even as demand for care continues to rise.
"As a profession, nursing continues to face significant workforce shortages," said Elaine Musselman, PhD, RN, director and professor of pediatrics at SFSU. "Pediatric care is a one of the most specialized and high-acuity areas where that gap is especially visible, due in part to fewer opportunities to train on complex cases and competition among nursing programs for clinical placements. Simulation-based learning helps bridge that gap by allowing students to practice critical skills in a safe environment before they reach the bedside. By providing a space for deliberate practice and error, we're ensuring more consistent competency for our students, something employers look for in future nurse candidates."
Preparing practice-ready pediatric nurses
The pediatric simulation room began pilot use in March 2026 and will be fully integrated into SFSU's nursing curriculum in fall 2026. Once fully implemented, the space will support approximately 120 pre-licensure students each year - 80 students in the fall and 40 students in the spring.
The simulation environment, complete with a wireless infant manikin and hospital-ready equipment, is designed to replicate pediatric hospital workflows, including those used across Sutter facilities like Sutter's CPMC. Inside the room, students get practice recognizing early signs of patient deterioration, administering IV therapy with syringe pumps, responding to pediatric emergencies and managing care across multiple patients. Their training also emphasizes communication with families and interdisciplinary care teams, including physicians and respiratory therapists, reflecting the realities of pediatric hospital settings.
Each simulation begins with a structured pre-briefing that establishes expectations and psychological safety. Students then participate in realistic clinical scenarios using a wireless manikin, followed by a guided debrief focused on clinical reasoning, communication and decision-making.
This hands-on approach to learning is designed to strengthen clinical judgment in pediatric care, where patients require distinct physiological assessment and communication strategies compared to adult populations. It also provides consistent exposure to high-risk, low-frequency pediatric emergencies that students may not regularly encounter during their clinical rotations.
"As nursing students transition into real-world care, Sutter Health aims to give them every advantage through training that aligns with the clinically excellent standards of our hospital units," said Hollie Seeley, CEO of Sutter's CPMC. "We are pleased to see the deepening of our partnership with SFSU and the ability for both our organizations to invest in the future of nursing through innovative, workforce-focused education."
"It's exciting to see a simulation space like this come to life and be put into practice," said Lauren O'Neill, chief nurse executive at Sutter's CPMC. "Exposure to complex pediatric scenarios is critical for nurses who want to work in these settings - even in a simulated environment. This type of immersive training at SFSU, made possible by Sutter Health, will also help address local and regional workforce needs by strengthening the pipeline of nurses who are confident in their pediatric care skills. We are grateful to the faculty and leadership at SFSU who saw this need and worked with us to make it a reality for this next generation of nurse caregivers."
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Original text here: https://vitals.sutterhealth.org/sutters-cpmc-sf-state-open-pediatric-simulation-room/
[Category: BizHospital]
Siemens Achieves $1 Billion in U.S. Manufacturing Investments, Strengthening American Reindustrialization, Supply Chains and Workforce
WASHINGTON, May 5 -- Siemens USA, a technology company that say it focuses on industry, infrastructure, transport and healthcare, issued the following news release on May 4, 2026:
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Siemens Achieves $1 billion in U.S. Manufacturing Investments, Strengthening American Reindustrialization, Supply Chains and Workforce
* Siemens reaches investment milestone as projects in Pittsburgh, Pa. Buffalo Grove, Ill. and Fort Worth, Texas prepare to come online in 2026
* From critical power equipment to passenger rail manufacturing sites, Siemens continues to build the backbone of American manufacturing
... Show Full Article
WASHINGTON, May 5 -- Siemens USA, a technology company that say it focuses on industry, infrastructure, transport and healthcare, issued the following news release on May 4, 2026:
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Siemens Achieves $1 billion in U.S. Manufacturing Investments, Strengthening American Reindustrialization, Supply Chains and Workforce
* Siemens reaches investment milestone as projects in Pittsburgh, Pa. Buffalo Grove, Ill. and Fort Worth, Texas prepare to come online in 2026
* From critical power equipment to passenger rail manufacturing sites, Siemens continues to build the backbone of American manufacturingfrom coast to coast
* Investments add more than 2,200 jobs to American workforce while bolstering local supplier networks
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Siemens today announced it has reached $1 billion in domestic manufacturing investments to support American industry, infrastructure and transportation over the past five years. These projects, coming online throughout 2026 and spanning industries and communities across the U.S., strengthen domestic manufacturing for local demand, bolster American supply chains and create well-paying manufacturing jobs. The investments also reinforce the company's longstanding commitment to American customers, workers and communities.
Siemens' expanding footprint supports key growth markets including data centers and AI factories, healthcare, passenger rail, semiconductors and utilities, among others. Key investments include:
* Electrical equipment manufacturing in North and South Carolina: Siemens invested $165 million to expand two existing Siemens facilities and introduce three new sites across the Carolinas to support America's rapidly accelerating AI and data center markets.
* Data Center infrastructure manufacturing in Fort Worth, Texas: $190 million invested in a new 500,000-square-foot facility to scale American production of critical electrical infrastructure, such as low-voltage switchboards.
* New passenger rail manufacturing hub in Lexington, North Carolina: The $220 million greenfield manufacturing facility is building passenger rail coaches for the U.S.
* Expanded electrical infrastructure manufacturing in Pomona, California: The $95 million investment in both a new greenfield manufacturing site and existing facility upgrades create a combined 146,000-square-foot campus for vital low-voltage electrical equipment production.
A deep dive into Siemens' U.S. investments can be found on our company blog (https://www.siemens.com/en-us/company/insights/us-stories/inside-story-siemens-1-billion-investment-us-manufacturing/).
Together, these investments are expected to introduce a total of more than 2,200 jobs by 2028. The new roles span jobs in advanced manufacturing, skilled trades, engineering and logistics, among others, and contribute to long term workforce and economic development in communities across the country.
"Siemens has been helping to build and support America's industrial backbone as long as we've been a company, more than 175 years," said Ann Fairchild, president and CEO of Siemens USA. "These investments--and those we anticipate in the years ahead--reflect our commitment to serving U.S. customers, the continued growth we see in the U.S. market, and our pride in supporting a strong, innovative domestic manufacturing base that is essential to America's long-term competitiveness and resilience."
Siemens facilities integrate the company's own industrial software and automation technologies to create state-of-the-art production environments in the age of artificial intelligence. Using Siemens Digital Industries Software solutions such as Technomatix, Siemens has deployed 3D digital twins across its manufacturing footprint to simulate, validate and commission production processes, enabling higher quality and more efficient shop floor design. Siemens Insights Hub then delivers real-time operational dashboards that provide transparency into machine performance and overall operational effectiveness in the company's factories.
Siemens' U.S. manufacturing footprint also supports a broad and diverse network of more than 16,000 American suppliers, many of them small and mid sized businesses, that play a critical role in local and regional economies.
Siemens' new and expanded facilities in California, Illinois, Texas, Wisconsin, Pennsylvania, New York and the Carolinas serve as a testament to energy efficient manufacturing in the U.S. Select carbon neutral facilities, all-electric operations, on-site PV microgrid systems and integrated EV chargers all showcase how Siemens is progressing towards its commitment to be a net-zero carbon company by 2030.
For more information on Siemens in the USA, visit here (https://news.siemens.com/en-us/).
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About Siemens
Siemens Corporation is a U.S. subsidiary of Siemens AG, a leading technology company focused on industry, infrastructure, transport, and healthcare. The company's purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI - including generative AI - to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
In fiscal year 2025, which ended on September 30, 2025, the Siemens Group USA generated revenue of $24.427 billion with 25 manufacturing sites across the U.S and more than 50,000 employees serving customers in all 50 states and Puerto Rico.
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Original text here: https://news.siemens.com/en-us/siemens-achieves-1-billion-us-manufacturing-investments/
[Category: BizIndustrial Materials]
Pega to Present at Upcoming Investor Conferences
CAMBRIDGE, Massachusetts, May 5 -- Pegasystems, a software company empowering digital transformation, issued the following news release on May 4, 2026:
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Pega to Present at Upcoming Investor Conferences
Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company(TM), today announced that Alan Trefler, founder and CEO, Pega, and Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conferences:
* J.P. Morgan 2026 Global Technology, Media and Communications Conference (https://jpmorgan.metameetings.net/events/tmc26/sessions/318694-pegasystems-inc/webcast/public).
... Show Full Article
CAMBRIDGE, Massachusetts, May 5 -- Pegasystems, a software company empowering digital transformation, issued the following news release on May 4, 2026:
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Pega to Present at Upcoming Investor Conferences
Pegasystems Inc. (NASDAQ: PEGA), The Enterprise Transformation Company(TM), today announced that Alan Trefler, founder and CEO, Pega, and Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conferences:
* J.P. Morgan 2026 Global Technology, Media and Communications Conference (https://jpmorgan.metameetings.net/events/tmc26/sessions/318694-pegasystems-inc/webcast/public).Alan Trefler and Ken Stillwell will host an in-person Pega presentation, scheduled for Monday, May 18, 2026 at 11:45 a.m. EDT (8:45 a.m. PDT) in Boston, MA.
* William Blair 46th Annual Growth Stock Conference (https://event.summitcast.com/view/DTqswnj6gGSWZ7ywFcvpAo/fQuTJrWVvv3TKGutXtFNS5). Ken Stillwell will host an in-person Pega presentation, scheduled for Tuesday, June 2, 2026 at 12:40 p.m. CDT (10:40 a.m. PDT) in Chicago, IL.
Archives of the presentations will be available from the Investors page of Pega's website for a limited time.
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Original text here: https://www.pega.com/about/news/press-releases/pega-present-upcoming-investor-conferences-25
[Category: BizComputer Technology]
Marc Weinstein Discusses First Test of Prediction Market Enforcement
NEW YORK, May 5 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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Marc Weinstein Discusses First Test of Prediction Market Enforcement
Highlights
* Marc Weinstein examined the implications of the first test of how prediction markets may be policed.
* Federal prosecutors allege a U.S. Army sergeant used classified information to earn more than $400,000 tied to the capture of Venezuelan President Nicolas Maduro.
* Weinstein says prosecutors have a low-risk opportunity to test a novel theory since only one charge needs to succeed for a conviction.
*
Marc Weinstein spoke
... Show Full Article
NEW YORK, May 5 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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Marc Weinstein Discusses First Test of Prediction Market Enforcement
Highlights
* Marc Weinstein examined the implications of the first test of how prediction markets may be policed.
* Federal prosecutors allege a U.S. Army sergeant used classified information to earn more than $400,000 tied to the capture of Venezuelan President Nicolas Maduro.
* Weinstein says prosecutors have a low-risk opportunity to test a novel theory since only one charge needs to succeed for a conviction.
*
Marc Weinstein spoketo Law360, examining the implications of the first significant test of how prediction markets may be policed, arising from a case involving bets by a U.S. Army sergeant who helped plan the capture of Venezuelan President Nicolas Maduro.
Federal prosecutors and the U.S. Commodity Futures Trading Commission (CFTC) allege that Master Sgt. Gannon Ken Van Dyke used classified information to earn more than $400,000 through prediction market trades related to the capture of Maduro.
The case is the first prosecution and first CFTC suit targeting insider trading on event contracts, which allow users to wager on the outcome of real-world events ranging from political activity to sports matches.
Weinstein discussed the challenges the government faces in the case, including convincing the court that the event contracts themselves are swaps, to make the commodities fraud charge stick and, if the case reaches a jury, the added challenge of explaining derivatives regulation.
However, Weinstein added that the case provides an opportunity for prosecutors to test a new theory, as only one charge needs to stick for a conviction.
"If you're going to test something that's relatively novel, why not do it when you've got an easy fallback and the facts are very much in your favor?" Weinstein said. "Because if they ultimately lose that charge, who cares? It has no real impact on the prosecution."
Read the article (https://www.law360.com/articles/2471739/prediction-market-policing-getting-1st-test-in-maduro-bet-case).
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Original text here: https://www.hugheshubbard.com/news-insights/insights/marc-weinstein-discusses-first-test-of-prediction-market-enforcement
[Category: BizLaw/Legal]
Hughes Hubbard and Reed: U.S. Tax Consequences of the Jones Act Waiver
NEW YORK, May 5 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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US Tax Consequences of the Jones Act Waiver
Highlights
* The extended Jones Act waiver allows non U.S. flagged vessels to conduct certain U.S. Voyages.
* Transportation income from U.S. Voyages earned by non U.S. persons is generally subject to a 30% U.S. withholding tax.
* Foreign Owners and Operators should evaluate potential U.S. tax exposure from U.S. Voyages.
*
On April 24, U.S. Customs and Border Protection extended a limited waiver of the Jones Act that had originally been granted on March 19.
... Show Full Article
NEW YORK, May 5 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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US Tax Consequences of the Jones Act Waiver
Highlights
* The extended Jones Act waiver allows non U.S. flagged vessels to conduct certain U.S. Voyages.
* Transportation income from U.S. Voyages earned by non U.S. persons is generally subject to a 30% U.S. withholding tax.
* Foreign Owners and Operators should evaluate potential U.S. tax exposure from U.S. Voyages.
*
On April 24, U.S. Customs and Border Protection extended a limited waiver of the Jones Act that had originally been granted on March 19.As a result of the waiver, non-U.S. flagged vessels are permitted to transport certain specified energy and other products between two U.S. ports (U.S. Voyages) until Aug. 16. While the waiver creates commercial opportunities for operators and owners of non-U.S. flagged vessels (Foreign Operators and Owners), transportation income from U.S. Voyages could trigger U.S. income for Foreign Operators and Owners, as well as withholding taxes for their lessees and customers, that would not ordinarily apply to voyages between a U.S. port and a non-U.S. port (Cross-Border Voyages).
Transportation income is defined broadly and includes (1) income from transporting passengers or property by vessel or aircraft (or by containers or related equipment); (2) income from hiring or leasing a vessel, a container or aircraft; and (3) income from the performance of certain services on board a vessel or aircraft.
Cross-Border Voyages
A Foreign Operator and Owner's transportation income from Cross-Border Voyages is not subject to U.S. withholding tax. Instead, it is generally subject to a 2% tax on the gross amount of transportation income attributable to the voyage. Frequently, Foreign Operators are exempt from this tax under an applicable treaty or the Internal Revenue Code's reciprocal exemption (which applies if the Foreign Operator's country of residence provides U.S. persons an equivalent exemption).
In limited circumstances, a Foreign Operator and Owner's transportation income from Cross-Border Voyages may be effectively connected to a U.S. trade or business (ECI). This occurs if the owner or operator has a fixed place of business in the U.S. involved in earning the transportation income and at least 90% of its U.S.-source gross transportation income is attributable to regularly scheduled transportation or that fixed place of business. If the transportation income is ECI, the Foreign Operator is subject to U.S. federal net income tax on that income in essentially the same manner as a U.S. person, along with branch profits tax for non-U.S. corporate owners or operators.
U.S. Voyages
In contrast to Cross-Border Voyages, transportation income received by a non-U.S. person attributable to a U.S. Voyage is generally subject to a 30% gross-basis withholding tax unless (1) the recipient is eligible for a reduction or elimination of withholding under an applicable U.S. tax treaty or (2) the transportation income is ECI and not exempt under a treaty, in which case it is subject to U.S. tax on a net income basis.
Foreign Owners and Operators that have heretofore used their vessels exclusively for non-U.S. voyages or Cross-Border Voyages should be sensitive to the potential for material U.S. taxes if their vessels are used for U.S. Voyages. In addition to the potential 30% withholding tax, income from U.S. Voyages could be ECI if attributable to a business in the United States, even if the heightened ECI requirements applicable to transportation income from Cross-Border Voyages are not met.
Takeaways
Given the magnitude of this potential tax, Foreign Owners and Operators considering U.S. Voyages in light of the suspension of the Jones Act, as well as their lessees and other customers that may have withholding obligations, should consider how tax risk is allocated under their various shipping agreements and consult their tax advisers regarding their tax status and exposure. For example, many vessel leases require lessees to gross up the lessor for any withholding taxes triggered by voyages. In such a case, lessees should consider this gross-up obligation, as well as any withholding taxes or potential income tax on ECI they earn directly, in considering whether to undertake a U.S. Voyage. Lessors under leases that do not include a gross-up should consider their options for limiting lessee activity that could trigger additional U.S. tax during the period that the Jones Act is suspended. Lessors and operators looking for alternative solutions (including potential structural solutions) may contact any of the lawyers listed.
For more information on the subject of this advisory or Hughes Hubbard's tax practice, please contact any of the listed lawyers.
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Featured Lawyers
Braiterman, Andy
Andy Braiterman
Partner
E: andy.braiterman@hugheshubbard.com
T: +1 (212) 837-6315
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Kravitz, Alan
Alan Kravitz
Partner
E: alan.kravitz@hugheshubbard.com
T: +1 (212) 837-6120
* * *
Cohen, Justin
Justin Cohen
Counsel
E: justin.cohen@hugheshubbard.com
T: +1 (212) 837-6362
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Original text here: https://www.hugheshubbard.com/news-insights/insights/us-tax-consequences-of-the-jones-act-waiver
[Category: BizLaw/Legal]
Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels
FRAMINGHAM, Massachusetts, May 5 [Category: BizEnergy] -- Ameresco, a cleantech integrator specializing in energy efficiency and renewable energy, posted the following news release on May 4, 2026:
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Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels
The new company will combine Ameresco's industry-leading asset base, proven development and operating expertise with HASI's successful sustainable infrastructure investment platform
Transaction represents a $1.8 billion enterprise value for the newly formed joint venture, unlocking
... Show Full Article
FRAMINGHAM, Massachusetts, May 5 [Category: BizEnergy] -- Ameresco, a cleantech integrator specializing in energy efficiency and renewable energy, posted the following news release on May 4, 2026:
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Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels
The new company will combine Ameresco's industry-leading asset base, proven development and operating expertise with HASI's successful sustainable infrastructure investment platform
Transaction represents a $1.8 billion enterprise value for the newly formed joint venture, unlockingsignificant shareholder value for Ameresco while positioning the biofuels business for future growth
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Ameresco, Inc. (NYSE: AMRC), a leading energy infrastructure solutions provider, and HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced their agreement to spin off Ameresco's biofuels business into a newly formed joint venture: Neogenyx Fuels.
Neogenyx Fuels will be owned 70% by Ameresco and 30% by HASI. As part of the transaction, Ameresco will contribute its biofuels business, comprising its scaled asset base and proven development and operating capabilities, into the joint venture, and HASI will commit to invest $400 million to support the growth of Neogenyx Fuels. The transaction represents a strategic step to unlock the significant value embedded in Ameresco's biofuels business, representing a $1.8 billion post-money enterprise value. The agreement has been signed, with closing expected within the quarter.
Backed by two established industry leaders, Neogenyx Fuels will be a premier developer, owner, and operator of advanced fuel solutions accelerating the global energy transition. The joint venture is structured to drive long-term growth by pairing Ameresco's deep technical expertise and proven execution capabilities with HASI's scalable and flexible capital platform and extensive track record of structuring and executing investments in sustainable infrastructure assets. Together, this foundation of technical independence, engineering excellence, and operational rigor positions Neogenyx Fuels to deliver resilient energy solutions at scale globally.
"Ameresco has been a leader in the biofuels industry for the last twenty-five years, turning the beneficial use of biogas into a reliable low-carbon fuel source," said George P. Sakellaris, Chief Executive Officer of Ameresco. "By enhancing the business through strategic focus and HASI's expansive capital resources, Neogenyx Fuels will be positioned to scale faster and deliver a greater impact in this fast-growing market. We are proud of what this business has accomplished at Ameresco and incredibly excited about the next phase of its journey."
"HASI is excited to deepen its relationship with Ameresco, which has been an outstanding partner across more than 60 joint transactions in multiple asset classes since 2001," said Jeffrey A. Lipson, HASI President and Chief Executive Officer. "As we expect continued growth in the RNG market, we are confident in deploying capital with a best-in-class operator, enabling us to create a valuable enterprise."
The renewable natural gas (RNG) market is experiencing tremendous growth, supported by the rising global demand for low-carbon energy sources and an increased emphasis on domestic energy supplies and drop-in fuel solutions. According to a 2025 ICF market study, RNG demand is projected to grow across sectors from approximately 139-153M MMBtu/y today to as much as 612M MMBtu/y by 2030, with emerging demand in sustainable aviation fuel, maritime applications, and international markets further reinforcing the long-term trajectory for domestic RNG production.
After closing, Neogenyx Fuels will be one of the largest developers of biogas projects in the U.S., a product of Ameresco's 25-year track record in greenfield development and long-term asset operation. With a tremendous development pipeline, we believe Neogenyx Fuels will be poised to support the buildout of scalable infrastructure that can drive job creation while reinforcing U.S. leadership in both the domestic use and global export of next-generation fuels.
"Neogenyx Fuels will represent a next-generation platform for advanced biofuels, delivering resilient energy supply today, while building the foundation for tomorrow's drop in fuels, molecular products and chemicals, and other low carbon solutions," said Michael T. Bakas, who will be Chief Executive Officer of Neogenyx Fuels. "We will be uniting a deeply experienced team, proven execution, and a growing organic pipeline, backed by a capital partnership built for long-term growth. I could not be more excited about the lasting impact we will deliver in the global energy transition."
Of the $400 million commitment from HASI, $300 million will be directly invested in Neogenyx Fuels to drive business growth, and $100 million will be direct compensation to Ameresco for the existing business, which will be used for strategic opportunities, working capital, and deleveraging throughout the year.
* Ameresco plans to consolidate Neogenyx Fuels, and therefore, revenue will remain largely unchanged on a consolidated basis. However, 30% of net income will be attributable to HASI and reflected below the line as non-controlling interest, reducing the amounts attributable to Ameresco's shareholders.
* Ameresco's reported Adjusted EBITDA, as well as its operating assets and assets in development metrics, will reflect its 70% ownership once the transaction is closed.
* On the balance sheet, Ameresco will consolidate the full value of the Neogenyx Fuels assets and liabilities, including all of the Neogenyx Fuels debt, but it will record HASI's 30% share of the joint venture's equity in the non-controlling interest line within shareholders' equity.
Guggenheim Securities acted as financial advisor, and Kirkland & Ellis LLP as legal advisor, to Ameresco in connection with the transaction. Lazard Inc. acted as financial advisor, and Gibson, Dunn & Crutcher LLP as legal advisor, to HASI in connection with the transaction.
To learn more about Neogenyx Fuels, visit www.neogenyxfuels.com.
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About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering energy infrastructure solutions to Federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.
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About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $16 billion in managed assets, HASI's investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. HASI combines deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.
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Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions are intended to identify such forward-looking statements. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or projected future results of our business, financial condition, liquidity, results of operations, pipeline, and plans and objectives. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption "Risk Factors" included in the Annual Reports on Form 10-K (and, for HASI, as supplemented by its Form 10-K/A) of each of AMRC and HASI for the fiscal years ended December 31, 2025, which were filed with the U.S. Securities and Exchange Commission ("SEC"), as well as in other reports that the companies file with the SEC. Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. Ameresco and HASI each disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
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Original text here: https://www.ameresco.com/ameresco-and-hasi-announce-formation-of-neogenyx-fuels-a-joint-venture-to-accelerate-growth-of-advanced-biofuels/
