Featured Stories
UCLA Bioengineer Jason Zhang Deploys AI to Create Proteins Never Before Seen in Nature
LOS ANGELES, California, Aug. 14 -- The UCLA Health issued the following Q&A on Aug. 13, 2026, involving assistant professor of bioengineering Jason Zhang:
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UCLA bioengineer Jason Zhang deploys AI to create proteins never before seen in nature
Protein design algorithms may help unlock secrets of biology, transform treatment of previously untreatable diseases
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The decades-old scientific quest to create brand new proteins has been turbocharged in the era of artificial intelligence.
A key building block for life, a protein can serve as structural support, messenger, catalyst or transport
... Show Full Article
LOS ANGELES, California, Aug. 14 -- The UCLA Health issued the following Q&A on Aug. 13, 2026, involving assistant professor of bioengineering Jason Zhang:
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UCLA bioengineer Jason Zhang deploys AI to create proteins never before seen in nature
Protein design algorithms may help unlock secrets of biology, transform treatment of previously untreatable diseases
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The decades-old scientific quest to create brand new proteins has been turbocharged in the era of artificial intelligence.
A key building block for life, a protein can serve as structural support, messenger, catalyst or transportsystem depending on the amino acids that make it up and on its resulting 3D shape. That versatility makes designed proteins an expected game changer in medicine, industry and research.
Among today's vanguard in generative AI-enabled protein design is Jason Zhang, an assistant professor of bioengineering in the UCLA Samueli School of Engineering. Before joining the faculty in 2025, he was a postdoctoral researcher in the University of Washington lab led by David Baker, who earned a 2024 Nobel Prize in Chemistry for breakthroughs in computational protein engineering.
Zhang, a member of the California NanoSystems Institute at UCLA (CNSI) and the UCLA Health Jonsson Comprehensive Cancer Center, aims to continue that pathbreaking tradition in search of new drugs and new fundamental biological insights. In an interview, he discussed the techniques behind protein engineering and its potential for the future.
What attracted you to protein engineering?
I could see the promise of using a computer to dream up proteins never seen in biology. It's an exciting field still very much in its infancy, but I am confident it is the future.
For my Ph.D., I did some traditional protein engineering to build molecular tools to understand basic biological questions. It was a laborious process, even when I finished my degree in 2020.
Then I saw some studies from David Baker's lab. Instead of allowing biology to evolve to find you a good protein, his team was rationally designing it. AI was exploding when I joined his lab. By the time we published programs, they already seemed old because things were moving so fast.
What does the protein engineering process look like?
We develop AI models, aiming to improve success rates in building proteins that work and that can be used as drugs. The models are trained using experimental data. We usually start with a target we want the protein to bind to. The AI generates different proteins and gives us amino acid sequences. We reverse translate them into DNA and express the proteins in the wet lab.
We can test 20,000 designed proteins in one experiment to see whether they bind to a target. When certain proteins seem to work, we test them individually. After that, we can do experiments in cells and different disease models.
What types of questions are you asking in your research, and where might the answers lead?
Engineering, to me, is a means to an end. I want to understand cells better. We build tools such as biosensors to measure a lot of different biological processes. Thinking about old questions with new lenses -- and building tools to answer questions that still haven't been cracked -- can lead us to interesting discoveries.
The virtual cell is a big vision I'm interested in. If these new tools, such as biosensors, can generate a lot of data to profile cells left and right, up and down, we might be able to create a digital twin. Maybe one day, an AI model can predict how various drugs affect, say, immune cells or cancer cells.
Our translational research happens through collaborations. We're building diagnostic molecules and tools to aid in drug development. For instance, we work with other folks at UCLA to target a rare liver cancer with CAR-T cells, an immune therapy that's been successful for blood cancers.
A huge part of my lab focuses on disordered proteins. They drive neurodegenerative diseases, diabetes and some cancers, among other conditions. Disordered proteins are traditionally difficult to target because they take many different shapes. Small-molecule drugs need a protein pocket to get snug in, but disordered proteins don't have predictable pockets to begin with.
So we use generative AI to create totally new folds meant to drug the undruggable. We want to force the disordered protein to become ordered by reversing things. The binder we create has the pocket, essentially, that the disordered protein fits into.
Another big vision for AI protein design relates to precision medicine. The understanding of how disease works is getting more and more granular, and one disease category can be broken up into many different diseases. Years from now, if our methods are successful, we could potentially make therapies individualized per patient.
Why pursue this work at UCLA?
I love the mission of public education. I've been at public schools my entire academic career, from elementary school back in Virginia through my postdoc at University of Washington. And now I'm at UCLA, where we educate people of all backgrounds, primarily focusing on educating California, as well as being an engine of innovation and discovery.
I also enjoy the overall vibe of doing research at UCLA. People are very serious about their science, but there's also work-life balance. The research environment is unique. UCLA has every school you can think of, and the medical school in particular is very important to my research.
My lab is in CNSI, which is located in between the medical school and the engineering school, and has a lot of great facilities. The staff there has gone above and beyond helping accelerate my research.
What impact has federal funding had on your science?
I was fortunate to receive a National Institutes of Health Pathway to Independence Award. That has been instrumental for finishing my postdoc and starting my UCLA lab. It's a comfort to know I have resources to pay people and get the lab running. I don't know what would happen if I didn't have that NIH funding.
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Original text here: https://www.uclahealth.org/news/release/ucla-bioengineer-jason-zhang-deploys-ai-create-proteins
[Category: Medical]
Tyson Foods Announces Network Restructuring for Beef Business to Strengthen Long-Term Performance
SPRINGFIELD, Arkansas, Aug. 14 -- Tyson Foods, a producer of chicken, beef and pork, issued the following news release:
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Tyson Foods Announces Network Restructuring for Beef Business to Strengthen Long-Term Performance
Tyson Foods is making strategic changes to its beef operations to position the company for long-term success. Tyson Foods will anchor its beef business around three strategically located beef facilities in the central United States: Dakota City, Nebraska; Holcomb, Kansas and Amarillo, Texas, to create a more competitive footprint amidst one of the most historic cattle shortages
... Show Full Article
SPRINGFIELD, Arkansas, Aug. 14 -- Tyson Foods, a producer of chicken, beef and pork, issued the following news release:
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Tyson Foods Announces Network Restructuring for Beef Business to Strengthen Long-Term Performance
Tyson Foods is making strategic changes to its beef operations to position the company for long-term success. Tyson Foods will anchor its beef business around three strategically located beef facilities in the central United States: Dakota City, Nebraska; Holcomb, Kansas and Amarillo, Texas, to create a more competitive footprint amidst one of the most historic cattle shortagesthe country has ever experienced.
Recent USDA cattle inventory data, which included continued evidence of limited heifer retention, indicates these supply constraints are likely to persist, requiring strategic action.
The company will end operations at its Joslin, Illinois, beef facility and its Eagle Mountain, Utah, case-ready facility. Capacity from these locations will be moved to more strategically located facilities with ample capacity to grow. Additionally, Tyson Foods is pursuing the sale of its Pasco, Washington, beef facility. With these changes, the company will ramp back up a second shift at its Amarillo, Texas facility as cattle become available. Collectively, these changes will allow the company to maintain a similar level of cattle harvesting across a more efficient and modern network.
Tyson Foods recognizes the impact these decisions have on team members and communities. The company is committed to supporting our team members through this transition, including helping them apply for open positions at other facilities.
With these changes, Tyson Foods is ensuring that it will continue to deliver high-quality, affordable, and nutritious protein for generations to come.
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About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE: TSN) is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family(TM) and has a broad portfolio of iconic products and brands including Tyson(R), Jimmy Dean(R), Hillshire Farm(R), Ball Park(R), Wright(R), State Fair(R), Aidells(R) and ibp(R). Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely and affordably, now and for future generations. Headquartered in Springdale, Arkansas, the Company is a member of the S&P 500 and Russell 1000 large capitalization indices. It had approximately 133,000 team members on September 27, 2025. Visit www.tysonfoods.com.
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Original text here: https://www.tysonfoods.com/news/news-releases/2026/8/tyson-foods-announces-network-restructuring-beef-business-strengthen-long
[Category: BizFood/Beverage]
Pillsbury Delivers Trial Victory for Anna Yu and Elva Green Clothing Company Ltd, Achieves $4 Million Turnaround
NEW YORK, Aug. 14 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Delivers Trial Victory for Anna Yu and Elva Green Clothing Company Ltd, Achieves $4 Million Turnaround
Prior $1.98 million judgment vacated and approximately $2.2 million awarded to clients in jury verdict
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Ateam of Pillsbury lawyers secured a significant trial victory for client Anna Yu, a Hong Kong-based sourcing executive, and her company, Elva Green Clothing Company Ltd, in a hard-fought commercial dispute in the U.S. District Court for the Southern District of New York.
The August 10, 2026,
... Show Full Article
NEW YORK, Aug. 14 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Delivers Trial Victory for Anna Yu and Elva Green Clothing Company Ltd, Achieves $4 Million Turnaround
Prior $1.98 million judgment vacated and approximately $2.2 million awarded to clients in jury verdict
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Ateam of Pillsbury lawyers secured a significant trial victory for client Anna Yu, a Hong Kong-based sourcing executive, and her company, Elva Green Clothing Company Ltd, in a hard-fought commercial dispute in the U.S. District Court for the Southern District of New York.
The August 10, 2026,verdict awards Yu and Elva Green Clothing approximately $2.2 million, including interest, and marks a dramatic reversal of fortunes. Previously, in 2024, the court had ruled against Yu and Elva Green Clothing, awarding $1.98 million to the other side. After taking over the case, Pillsbury successfully vacated that original judgment and then won approximately $2.2 million at trial, including interest. Taken together, Pillsbury's success in vacating the prior $1.98 million judgment and securing the affirmative recovery represents an over $4 million turnaround for the clients following years of contentious litigation.
Minnie Rose LLC, a New York-based clothing company owned by Lisa Shaller-Goldberg, hired Yu and her company in 2009 to serve as its sourcing agent in China. In 2016, Minnie Rose sued Yu and Elva Green Clothing, alleging that Yu had inflated factory invoices and caused Minnie Rose to pay approximately $1.4 million in excess commissions and other costs, resulting in at least $2.2 million in damages to Minnie Rose.
In 2024, the court entered judgment against Yu and Elva Green Clothing for $1.98 million in damages and dismissed all of Yu's counterclaims and third-party claims with prejudice.
Pillsbury took over representation in March 2025 and immediately persuaded the court to vacate the judgment in its entirety and order a new trial.
Following an intensive trial, which concluded on August 10, 2026, the jury returned a sweeping verdict in favor of Yu and Elva Green Clothing. The jury rejected the fraud and unjust enrichment claims asserted against Pillsbury's clients. It instead found Minnie Rose and its owner, Shaller-Goldberg--who also served as the designer behind the well-known Juicy Couture brand--liable for fraud. The jury also ruled in Yu's favor on claims against Minnie Rose for unjust enrichment, breach of contract and account stated.
The Pillsbury Litigation team included Litigation partners Geoffrey Sant, Amanda Freyre and Carol Lee; Corporate Investigations & White Collar Defense partner Richard Donoghue; Litigation associates Fangwei Wang and Constance Tian; and Litigation legal manager Hanzhi Lin.
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Original text here: https://www.pillsburylaw.com/en/news-and-insights/pillsbury-trial-victory-anna-yu-elva-green-clothing-co-ltd-4m-turnaround.html
[Category: BizLaw/Legal]
Dentons Rodyk Recognised in Inaugural Asian Legal Business Cybersecurity & Data Law Firms Rankings 2026
SINGAPORE, Aug. 14 -- Dentons Rodyk, a law firm, issued the following news:
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Dentons Rodyk recognised in inaugural Asian Legal Business Cybersecurity & Data Law Firms Rankings 2026
In a digital landscape where cyber threats evolve faster than ever and regulatory expectations continue to rise, organisations are facing increasingly complex challenges in protecting their data, managing risk and responding to incidents.
Dentons Rodyk is pleased to announce that it has been recognised in the inaugural Cybersecurity & Data Law Firms Rankings by Asian Legal Business, highlighting leading law
... Show Full Article
SINGAPORE, Aug. 14 -- Dentons Rodyk, a law firm, issued the following news:
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Dentons Rodyk recognised in inaugural Asian Legal Business Cybersecurity & Data Law Firms Rankings 2026
In a digital landscape where cyber threats evolve faster than ever and regulatory expectations continue to rise, organisations are facing increasingly complex challenges in protecting their data, managing risk and responding to incidents.
Dentons Rodyk is pleased to announce that it has been recognised in the inaugural Cybersecurity & Data Law Firms Rankings by Asian Legal Business, highlighting leading lawfirms across Asia for their work in cybersecurity, privacy and data protection.
Led by Senior Partners Gilbert Leong and Foo Maw Jiun, the firm's Privacy and Cybersecurity practice supports organisations through some of their most critical moments -- from preparing for cyber risks before incidents occur, to coordinating complex responses when breaches happen.
"Cyber incidents rarely respect borders. When clients face a cybersecurity incident, they often need to manage legal considerations across multiple jurisdictions at the same time. Our ability to draw on Dentons' global network allows us to coordinate a seamless response and provide clients with the jurisdiction-specific advice they need, when they need it," said Gilbert and Maw Jiun.
As technology and threats continue to evolve, the team remains focused on helping clients prevent, detect and respond to cyber incidents by staying closely connected with regulatory developments and industry trends. The team also advises clients on emerging AI-related data governance challenges, helping organisations implement AI responsibly while addressing risks around data use, security and compliance.
The inaugural rankings by Asia Legal Business recognise firms demonstrating excellence in privacy and data protection advice, incident response capabilities and client service.
About Dentons Rodyk
Dentons Rodyk is Singapore's global law firm and part of the world's largest, with a team of around 200 lawyers offering clients a full suite of legal services necessary to do business locally and globally.
With over 160 years of establishment and consistently ranked highly in leading publications, Dentons Rodyk delivers top-tier legal advice while maintaining strong working relationships with key public sector agencies and prominent private sector organisations.
Its combination with global law firm Dentons makes it part of the world's largest law firm, with more than 12,500 professionals across over 170 locations in more than 85 countries. Dentons Rodyk is also part of Dentons ASEAN, the first global pan-ASEAN law firm, with a longstanding presence in Indonesia, Malaysia, Myanmar, Thailand, the Philippines, Vietnam and Singapore.
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Original text here: https://dentons.rodyk.com/en/about-dentons-rodyk/news/2026/august/dentons-rodyk-recognised-in-alb-cybersecurity-data-law-firms-rankings-2026
[Category: BizLaw/Legal]
CrowdStrike Expands Project QuiltWorks to SMBs, Extending Frontier AI Risk Protection to Organizations of Every Size
AUSTIN, Texas, Aug. 14 -- CrowdStrike Inc., a cybersecurity platform for protecting areas of enterprise risk - endpoints and cloud workloads, identity and data, issued the following news:
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CrowdStrike Expands Project QuiltWorks to SMBs, Extending Frontier AI Risk Protection to Organizations of Every Size
Arrow Electronics, Ignition Technology, Nord Security, Pax8, TD SYNNEX, Westcon-Comstor, and Zip Security bring QuiltWorks down market to SMBs worldwide
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CrowdStrike (NASDAQ: CRWD) is extending Project QuiltWorks to organizations of all sizes. As frontier AI lowers the barrier to sophisticated
... Show Full Article
AUSTIN, Texas, Aug. 14 -- CrowdStrike Inc., a cybersecurity platform for protecting areas of enterprise risk - endpoints and cloud workloads, identity and data, issued the following news:
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CrowdStrike Expands Project QuiltWorks to SMBs, Extending Frontier AI Risk Protection to Organizations of Every Size
Arrow Electronics, Ignition Technology, Nord Security, Pax8, TD SYNNEX, Westcon-Comstor, and Zip Security bring QuiltWorks down market to SMBs worldwide
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CrowdStrike (NASDAQ: CRWD) is extending Project QuiltWorks to organizations of all sizes. As frontier AI lowers the barrier to sophisticatedattacks and collapses the window between vulnerability and exploitation, every organization becomes a target. Through global distributors, cloud marketplaces, and cybersecurity's deepest channel partner ecosystem, CrowdStrike is bringing the only coordinated framework to secure every layer of frontier AI risk to SMBs worldwide.
Arrow Electronics, Ignition Technology, Nord Security, Pax8, TD SYNNEX, Westcon-Comstor, and Zip Security bring QuiltWorks down market. Their global partner, MSP, and MSSP networks extend the coalition's AI-driven vulnerability discovery and prioritization, expert-led remediation, and financial protection to organizations that have lacked access to an enterprise-grade program at this scale, while building repeatable, scalable frontier AI businesses on the Falcon(R) platform.
"Frontier AI has fundamentally shifted cybersecurity from risk management to business imperative," said Daniel Bernard, chief business officer, CrowdStrike. "SMBs are the backbone of the global economy and need the same standard of protection as the world's largest enterprises. QuiltWorks has proven itself that standard, attempted by others, replicated by none. The channel is how QuiltWorks can reach every organization, regardless of size, sector, or geography."
Bringing QuiltWorks Down Market
As more advanced AI models become available, nearly any adversary can discover, chain, and exploit vulnerabilities at machine speed and scale, placing organizations of all sizes at risk. Powered by frontier models from OpenAI and Anthropic, Project QuiltWorks unites CrowdStrike's AI-driven vulnerability discovery and adversary-informed prioritization with remediation services from leading systems integrators, hardened cloud infrastructure from Amazon Web Services (AWS), and financial protection from leaders in the cyber insurance industry. Most SMBs lack the resources and expertise to access and operationalize these capabilities on their own.
With the world's leading technology distributors and marketplaces and their global networks of thousands of partners already delivering managed security services to SMBs across regions, QuiltWorks now has a path to every organization, and a proven framework to secure them at the moment frontier AI changed cybersecurity forever.
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Supporting Partner Quotes
"Our channel partners are looking for trusted guidance and confidence as AI rapidly transforms the cybersecurity landscape. Through QuiltWorks, Arrow and CrowdStrike can help connect them with deeper insights into emerging risks, accelerated remediation strategies, and the collective expertise of the industry's leading cybersecurity innovators to better protect the organizations they serve."
- Kelly Noland, general manager of cybersecurity solutions, North America, Arrow Electronics
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"Our partners are always looking for differentiated technologies that address what's next in cybersecurity. QuiltWorks gives them a new opportunity to help SMB customers address frontier AI risk, combining CrowdStrike's innovation with the specialist expertise needed to bring it to market."
- Sean Remnant, Chief Strategy Officer, Ignition Technology
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"Making advanced cybersecurity accessible has always been core to Nord Security. By joining QuiltWorks, we're extending that mission to frontier AI and helping bring enterprise-grade protection to SMBs that often lack the resources and expertise of larger organizations."
- Mantas Ulozas, Chief Business Development Officer of B2B Commercial, Nord Security
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"As advanced attacks become easier to launch and scale, SMBs need access to the same level of protection as enterprise organizations. With the QuiltWorks alliance, CrowdStrike and Pax8 are helping bring enterprise-grade cybersecurity to the SMB market through managed service providers and managed intelligence providers in the trusted channel community, giving businesses the tools, expertise, and guidance they need to stay resilient in the AI era."
- Robert Belgrave, Chief Business Officer, Pax8
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"Our partners already serve SMBs around the world, putting them on the front lines of how frontier AI is changing cybersecurity. Project QuiltWorks gives them a scalable way to bring advanced protection, expert-led remediation and cyber risk support to customers that may not have the resources to operationalize these capabilities on their own. By combining the Falcon platform with the reach and technical expertise of TD SYNNEX and our partner ecosystem, we can help more organizations improve resilience to those customers while creating a repeatable new growth opportunity for their businesses."
- Mike Allers, VP Security, TD SYNNEX North America
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"The channel has a critical role to play in making advanced cybersecurity accessible to every organization. With QuiltWorks, our partners can bring frontier AI protection to SMB customers while building the expertise and services to help them address this new era of cyber risk."
- Rene Klein, Executive Vice President, Europe, Westcon-Comstor
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"AI made sophisticated attacks cheap, but sophisticated defense stayed out of reach for companies without a CISO or security team. That's the gap Zip Security was built to close: a fully-managed security platform that deploys, configures, and runs enterprise-grade protection for SMBs. QuiltWorks extends that to frontier AI risk - the same standard the largest enterprises rely on, without added complexity or headcount."
- Joshua Zweig, CEO, Zip Security
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Visit here (https://www.crowdstrike.com/en-us/partner-program/project-quiltworks/) for more information on Project QuiltWorks.
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About CrowdStrike
CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world's most advanced cloud-native platform for protecting critical areas of enterprise risk - endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon(R) platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.
CrowdStrike: We stop breaches.
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Original text here: https://www.crowdstrike.com/en-us/press-releases/crowdstrike-expands-project-quiltworks-smbs-frontier-ai-risk-protection/
[Category: BizComputer Technology]
Citi Participates in Financing for Japan-U.S. Strategic Investment Initiative
NEW YORK, Aug. 14 -- Citi, a banking partner for institutions with cross-border needs and wealth management and a personal bank, issued the following news release:
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Citi Participates in Financing for Japan-U.S. Strategic Investment Initiative
Financial collaboration aims to bolster critical U.S. energy infrastructure for AI and advanced industries, strengthening Japan-U.S. investment ties
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NEW YORK/TOKYO -- Citi, through Citibank, N.A., Tokyo Branch, participated as a lender and agent in a syndicated loan facility totaling approximately US$4.6 billion extended to U.S. entities established
... Show Full Article
NEW YORK, Aug. 14 -- Citi, a banking partner for institutions with cross-border needs and wealth management and a personal bank, issued the following news release:
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Citi Participates in Financing for Japan-U.S. Strategic Investment Initiative
Financial collaboration aims to bolster critical U.S. energy infrastructure for AI and advanced industries, strengthening Japan-U.S. investment ties
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NEW YORK/TOKYO -- Citi, through Citibank, N.A., Tokyo Branch, participated as a lender and agent in a syndicated loan facility totaling approximately US$4.6 billion extended to U.S. entities establishedand funded by the Japan Bank for International Cooperation (JBIC).
The financing is being provided to Japan Invest 4 LLC and Japan Invest 5 LLC, U.S. investment companies established by JBIC, to fund investments in natural gas-fired power generation projects located in the states of Pennsylvania and Texas. The portion of the financing provided by private-sector financial institutions is covered by insurance from Nippon Export and Investment Insurance (NEXI).
This transaction supports the first investment under the second wave of projects promoted through the Strategic Investment Initiative in pursuant to the Memorandum of Understanding on Strategic Investment announced by the Governments of Japan and the United States in September 2025. The two projects are intended to address rapidly growing electricity demand in the United States while securing critical infrastructure required by AI and advanced industries, including data centers. Furthermore, the development of this infrastructure through collaboration between Japanese and U.S. companies is expected to strengthen supply chain resilience in critical infrastructure sectors across both countries.
Robert Nakamura, Citi Country Officer and Head of Banking for Japan, commented: "We are grateful for the opportunity to support Japan and the United States in this important public and private sector effort to promote strategic infrastructure development under the Japan-U.S. Strategic Investment Initiative. The investment in energy infrastructure supports growth driven by AI and digitalization, industrial competitiveness, and economic security."
Shahmir Khaliq, Head of Services for Citi, commented: "We are immensely proud to support JBIC and NEXI in this important transaction. Citi's global network, combined with the capabilities of our Public Sector Banking, Export & Agency Finance, and Loan Agency teams, positions us to support complex financing transactions involving public sector institutions and private capital across markets. This transaction reflects our commitment to facilitating strategic investment and fostering economic growth in both Japan and the United States."
As a financial institution that has operated in Japan for nearly 125 years, Citi will continue to leverage its global network and expertise in cross-border transactions to provide financial solutions that support clients' growth strategies and investment needs, while collaborating with Japanese government agencies and other stakeholders to contribute to the sustainable economic development of both Japan and the United States.
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About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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Original text here: https://www.citigroup.com/global/news/press-release/2026/citi-participates-in-financing-for-japan-us-strategic-investment-initiative
[Category: BizFinancial Services]
Blue Energy, GE Vernova Hitachi Sign Agreement to Launch Next Phase of Texas Gas-Plus-Nuclear Project
CAMBRIDGE, Massachusetts, Aug. 14 -- G.E. Vernova, an energy company, posted the following news release on Aug. 13, 2026:
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Blue Energy, GE Vernova Hitachi Sign Agreement to Launch Next Phase of Texas Gas-Plus-Nuclear Project
CHEVY CHASE, Maryland and WILMINGTON, North Carolina - Blue Energy, a vertically integrated deployment platform for financeable, prefabricated nuclear power plants and GE Vernova Hitachi Nuclear Energy (GVH), today announced the signing of an agreement that launches the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas.
This
... Show Full Article
CAMBRIDGE, Massachusetts, Aug. 14 -- G.E. Vernova, an energy company, posted the following news release on Aug. 13, 2026:
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Blue Energy, GE Vernova Hitachi Sign Agreement to Launch Next Phase of Texas Gas-Plus-Nuclear Project
CHEVY CHASE, Maryland and WILMINGTON, North Carolina - Blue Energy, a vertically integrated deployment platform for financeable, prefabricated nuclear power plants and GE Vernova Hitachi Nuclear Energy (GVH), today announced the signing of an agreement that launches the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas.
Thisagreement advances engineering design, licensing, and safety analysis of the Victoria, Texas, project that will deploy both GE Vernova 7HA.02 gas turbines and GVH BWRX-300 SMRs, subject to a final investment decision in 2027. The agreement represents a significant step forward for Blue Energy's strategic pairing of natural gas and nuclear generation to help meet surging U.S. electricity demand driven by artificial intelligence and advanced manufacturing.
Blue Energy's integrated approach to prefabrication, transportation, and assembly - the "Blue Way" - builds on the standardized, modular design of the BWRX-300 to support execution certainty by enhancing schedule, costs and project delivery predictability through innovative logistics, off-site fabrication and super modules assembly.
"This agreement with GE Vernova Hitachi keeps Blue Energy confidently moving forward to build our nuclear energy production line that will unlock the promise of abundant nuclear energy," said Jake Jurewicz, Blue Energy CEO and co-founder. "We are shifting from the old way of building large reactor nuclear power to instead do it the 'Blue Way' that slashes costs and time to power and finally makes nuclear a financeable, repeatable product."
With its innovative gas-plus-nuclear strategy, Blue Energy will initially power a nearby data center with approximately 1 gigawatt of power using two GE Vernova gas turbines in 2030 and then add another 1.5 gigawatts of power from up to five GE Vernova Hitachi SMRs beginning in 2032.
"Meeting the surging demand for electricity requires proven, scalable technologies and the ability to bring them together as integrated solutions," said Eric Gray, CEO, GE Vernova's Power segment. "Our work with Blue Energy combines GE Vernova's flagship HA gas turbine technology with GE Vernova Hitachi's advanced nuclear SMR technology, while supporting Blue Energy's innovative project model. Together, we are establishing a blueprint for deploying reliable baseload power at the scale and speed customers need."
The first BWRX-300 is currently under construction at Ontario Power Generation's Darlington site in Canada, with completion expected by the end of the decade, which will make it the first grid-scale SMR in the Western world.
For more information, including a video of Jake Jurewicz and Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy, click here (https://youtu.be/k0XMBovy6O4).
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About GE Vernova Hitachi Nuclear Energy
GE Vernova's Nuclear energy business, through its global alliance with Hitachi Ltd., is a world-leading provider of nuclear services and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova's Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.
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About Blue Energy
Founded in 2023, Blue Energy is a vertically integrated deployment platform for financeable, turnkey nuclear power plants compatible with leading reactor technology. Our proprietary lower cost of capital solution and offsite pre-fabrication accelerates new nuclear deployment - making it predictable, faster and more affordable. We will deliver baseload power competitive with fossil fuels and renewables to meet unprecedented global demand. Blue Energy's world-class team has extensive experience in nuclear construction, licensing, engineering, and development. We stem from MIT's Nuclear Science & Engineering Department and are backed by VXI Capital, Engine Ventures, At One Ventures and Tamarack Global. Visit www.blueenergy.co or follow us on LinkedIn.
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Forward-Looking Statements
This document contains forward-looking statements - that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova's expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "estimate," "forecast," "target," "preliminary," or "range." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company's business operations, financial results and financial position and on the global supply chain and world economy.
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Original text here: https://www.gevernova.com/news/press-releases/blue-energy-ge-vernova-hitachi-launch-next-phase-gas-plus-nuclear-project
[Category: BizEnergy]
