Featured Stories
Vishay Intertechnology 34 PHE Multi-Turn Absolute Position Sensor Delivers High Accuracy and Stability at a Reduced Cost
MALVERN, Pennsylvania, July 3 -- Vishay Intertechnology Inc. issued the following news release on July 2, 2026:
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Vishay Intertechnology 34 PHE Multi-Turn Absolute Position Sensor Delivers High Accuracy and Stability at a Reduced Cost
Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new ready-to-use multi-turn absolute position sensor designed for high accuracy and long term stability in demanding environments. Featuring non-contacting Hall Effect technology, the Vishay Sfernice 34 PHE delivers linearity down to +- 1 % (full stroke), resolution of 1 , and a lifespan greater than
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MALVERN, Pennsylvania, July 3 -- Vishay Intertechnology Inc. issued the following news release on July 2, 2026:
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Vishay Intertechnology 34 PHE Multi-Turn Absolute Position Sensor Delivers High Accuracy and Stability at a Reduced Cost
Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new ready-to-use multi-turn absolute position sensor designed for high accuracy and long term stability in demanding environments. Featuring non-contacting Hall Effect technology, the Vishay Sfernice 34 PHE delivers linearity down to +- 1 % (full stroke), resolution of 1 , and a lifespan greater than10 million cycles -- all in a 7/8 in (22.2 mm) diameter body.
Offering linear or rotary displacement tracking, with a total electrical angle of 3600 across 10 turns, the position sensor released today is available at a 40 % lower cost than previous-generation devices. Combined with its high accuracy and resolution, this makes the 34 PHE a cost-effective, high performance solution for servo loop motion control systems. The device will be used in industrial motor and actuator displacements tracking; linear actuators for solar panel tracking; flow control valve positioning; and throttle and pedal position sensors for applications such as agricultural machinery, railway equipment, and ships.
For reliable operation in these harsh environments, the 34 PHE offers an IP65-rated sealing and withstands high frequency vibrations up to 20 g and shocks up to 50 g. Integrated reverse voltage and overvoltage input protections (-14 VDC and +28 VDC, respectively) reduce costs by eliminating the need for external protection circuitry. The device is configurable with either single or dual analog ratiometric or digital (PWM) output signals. Dual outputs operate as oppositely tracking position sensors, providing a built in fault detection to enhance safety, reliability, and functional safety compliance. An integrated locating peg on the mounting face simplifies installation while preventing rotation, improving alignment accuracy and long-term stability.
As a "true power on" device, the 34 PHE reports its position immediately upon power-up without requiring recalibration, re-homing, or initialization routines -- even after a power loss. This further reduces costs by eliminating the need for a battery back-up. Customizable to meet the most demanding needs, the RoHS-compliant device operates with a supply voltage of 5 VDC +- 10 % and a supply current of < 8.5 mA typical (single output). The recommended load resistance is 1 k ohms for both analog and PWM output.
Samples and production quantities of the 34 PHE are available now, with lead times of 14 weeks.
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Vishay manufactures one of the world's largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.(R) Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.
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Original text here: https://www.vishay.com/en/company/press/releases/2026/34-PHE/
[Category: BizElectronic Products]
Verisk Estimates Economic Losses From June 24 Venezuela Earthquake Sequence Will Exceed USD 10 Billion
JERSEY CITY, New Jersey, July 3 -- Verisk Analytics Inc., a data analytics provider, issued the following news:
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Verisk Estimates Economic Losses From June 24 Venezuela Earthquake Sequence Will Exceed USD 10 Billion
Strongest earthquake to impact Venezuela since 1900 causes widespread damage across northern Venezuela and highlights challenges within the country's insurance market
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BOSTON - The Catastrophe and Risk Solutions group at Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, estimates economic losses from the June
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JERSEY CITY, New Jersey, July 3 -- Verisk Analytics Inc., a data analytics provider, issued the following news:
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Verisk Estimates Economic Losses From June 24 Venezuela Earthquake Sequence Will Exceed USD 10 Billion
Strongest earthquake to impact Venezuela since 1900 causes widespread damage across northern Venezuela and highlights challenges within the country's insurance market
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BOSTON - The Catastrophe and Risk Solutions group at Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, estimates economic losses from the June24, 2026 earthquakes in Venezuela will likely exceed USD 10 billion. Verisk notes a higher degree of uncertainty than usual in estimating the insured share of industry losses because of Venezuela's macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related market complexities.
Earthquake Sequence and Impacts
On June 24, Venezuela was struck by a rare earthquake doublet near Yumare-Moron in Yaracuy state, approximately 100 miles west of Caracas. A magnitude 7.2 foreshock was followed just 39 seconds later by a magnitude 7.5 mainshock, making it the strongest earthquake to impact Venezuela since 1900. The shallow strike-slip rupture occurred along the San Sebastian fault system within the tectonically active boundary zone between the Caribbean and South American plates and was subsequently followed by more than 430 recorded aftershocks.
Damage was most severe in the Caracas metropolitan region and the coastal state of La Guaira, where an estimated 1,400 buildings were destroyed. Significant destruction was also reported across Aragua, Carabobo, and Yaracuy states. Communities including Puerto Cabello, Catia La Mar, Maiquetia, San Felipe, Los Teques, Petare, Valencia, and Baruta experienced severe shaking, according to U.S. Geological Survey intensity estimates.
Modeling Information
Because of Venezuela's economic environment, Verisk notes greater uncertainty than is typical for an industry loss estimate. Factors contributing to this uncertainty include assumptions regarding earthquake insurance take-up rates, ongoing inflationary pressures, and the challenges associated with accurately valuing insured assets in a rapidly changing economic environment.
The modeled insured loss estimates do not include losses resulting from fire-following, landslides, sprinkler leakage, loss adjustment expenses, damage to uninsured properties or infrastructure, extra-contractual obligations, hazardous waste cleanup, vandalism, or civil commotion, whether directly or indirectly caused by the event. The estimates also exclude losses associated with civil engineering (railway) risks, marine cargo and marine hull risks, aviation risks, transit warehouse risks, personal accident risks, and other non-modeled sources of loss.
Building Stock and Earthquake Vulnerability
Today, the majority of residential buildings in Venezuela's urban areas are constructed of masonry, including reinforced masonry, confined masonry, and unreinforced masonry structures. Reinforced concrete is the predominant construction type in mid- and high-rise residential buildings, particularly in major urban centers such as Caracas.
Although modern engineering standards exist, seismic performance varies significantly due to local construction practices, material quality, and enforcement of building codes.
Insurance Market in Venezuela
Venezuela's insurance and reinsurance sector remains relatively small and highly concentrated compared to many global markets. The industry continues to operate under challenging macroeconomic conditions characterized by elevated inflation, currency depreciation, regulatory complexity, and limited market capacity.
These conditions create additional uncertainty when estimating insured losses following a catastrophe. Variations in earthquake insurance penetration, coverage levels, and insured property values can materially influence the ultimate insured share of economic losses resulting from the earthquake sequence.
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About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work. For more, visit Verisk.com and the Verisk Newsroom.
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Original text here: https://www.verisk.com/company/newsroom/verisk-estimates-economic-losses-from-june-24-venezuela-earthquake-sequence-will-exceed-usd-10-billion/
[Category: BizConsulting]
Squire Patton Boggs Advises Oxford PharmaGenesis on Combination With Klick Health
TYSONS, Virginia, July 3 -- Squire Patton Boggs, a law firm, issued the following news:
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Squire Patton Boggs Advises Oxford PharmaGenesis on Combination with Klick Health
Squire Patton Boggs has advised the shareholders of Oxford PharmaGenesis, the HealthScience communications consultancy, on the acquisition of the business by Klick Health.
The Squire Patton Boggs team was led by Corporate partner Mark Yeo and senior associate Simon Ayling, and included Summer Prior, Matthew Vautrey, Katie Alexander and Sunny Razza in Corporate, Patrick Ford and Alice Jenkinson in Tax Strategy & Benefits,
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TYSONS, Virginia, July 3 -- Squire Patton Boggs, a law firm, issued the following news:
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Squire Patton Boggs Advises Oxford PharmaGenesis on Combination with Klick Health
Squire Patton Boggs has advised the shareholders of Oxford PharmaGenesis, the HealthScience communications consultancy, on the acquisition of the business by Klick Health.
The Squire Patton Boggs team was led by Corporate partner Mark Yeo and senior associate Simon Ayling, and included Summer Prior, Matthew Vautrey, Katie Alexander and Sunny Razza in Corporate, Patrick Ford and Alice Jenkinson in Tax Strategy & Benefits,Jo Johnson in Labour & Employment, and Alex Weatherall in Real Estate.
Oxford PharmaGenesis is the largest independent company in the healthcare communications sector. Founded in 1998, the award-winning organization comprises a team of 500 working from North America, Europe, and Asia-Pacific. The only company in its sector to be named a three-time winner of the King's (formerly Queen's) Award for Enterprise, the UK's most prestigious business accolade, Oxford PharmaGenesis received the 2026 Longitude Prize on ALS and has been named Communique Awards' Medical Affairs Agency of the Year.
Klick Health is the world's largest independent commercialization partner for life sciences, providing marketing and advertising, media strategy and purchasing, medical affairs and medical communications, value and market access services, as well as technology and analytics consulting among its specialized offerings.
Established in 1997, Klick Health (including Klick Katalyst and btwelve) has offices in New York, Philadelphia, Saratoga Springs, Toronto, London, Sao Paulo, and Singapore.
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URL: Oxford PharmaGenesis
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Original text here: https://www.squirepattonboggs.com/news/squire-patton-boggs-advises-oxford-pharmagenesis-on-combination-with-klick-health/
[Category: BizLaw/Legal]
Haynes Boone Advises RRC Companies in Strategic Investment From New Mountain Capital
DALLAS, Texas, July 3 -- Haynes and Boone, a law firm, issued the following news release:
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Haynes Boone Advises RRC Companies in Strategic Investment from New Mountain Capital
Haynes Boone advised RRC Companies, a leading provider of engineering, consulting and field services for utility-scale renewable energy and power infrastructure projects, in connection with a majority investment from funds managed by New Mountain Capital, a growth-oriented investment firm.
New Mountain Capital's investment is expected to accelerate RRC's long-term growth, while allowing the company's leadership team
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DALLAS, Texas, July 3 -- Haynes and Boone, a law firm, issued the following news release:
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Haynes Boone Advises RRC Companies in Strategic Investment from New Mountain Capital
Haynes Boone advised RRC Companies, a leading provider of engineering, consulting and field services for utility-scale renewable energy and power infrastructure projects, in connection with a majority investment from funds managed by New Mountain Capital, a growth-oriented investment firm.
New Mountain Capital's investment is expected to accelerate RRC's long-term growth, while allowing the company's leadership teamand employees to retain meaningful ownership. The transaction positions RRC to expand its capabilities and geographic reach as demand for renewable energy and grid infrastructure solutions continues to rise.
The Haynes Boone team advising RRC was led by Partner John McGowan, with support from Partners Lauren White, Raquel Alvarenga and Don Shiman, and Associates Eli Brook and Ryan Middleton. Texas Capital Securities served as financial advisor to RRC.
"RRC has established itself as a trusted partner in the renewable energy and power infrastructure markets," said McGowan. "We appreciated the opportunity to advise RRC and its team on this investment and look forward to seeing the company's continued success in partnership with New Mountain Capital."
Founded in 2007, RRC delivers a comprehensive suite of engineering and field services supporting utility-scale renewable power generation and battery energy storage projects. The company serves a diverse customer base of leading asset owners, developers and contractors across the energy infrastructure sector.
Haynes Boone's Mergers and Acquisitions Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion.
The firm's Finance Practice Group advises lenders and borrowers on a broad range of sophisticated financing transactions, including asset-based lending, senior bank debt, subscription financings, project finance, energy finance, prime brokerage, public finance and restructuring, workouts and recapitalizations. The group's lawyers are recognized for their successful work for more than 200 commercial lending institutions and other capital providers, as well as for U.S. and foreign companies and their sponsors.
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URL: RRC Companies
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Original text here: https://www.haynesboone.com/news/press-releases/haynes-boone-advises-rrc-companies-in-strategic-investment-from-new-mountain-capital
[Category: BizLaw/Legal]
Caterpillar Invests in the Future of Texas' Manufacturing Workforce
PEORIA, Illinois, July 3 -- Caterpillar Inc., a manufacturer of construction and mining equipment, issued the following news release on July 2, 2026:
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Caterpillar Invests in the Future of Texas' Manufacturing Workforce
* Investment will focus on reducing barriers to training, defining in-demand skills for future jobs, and connecting individuals to careers in advanced manufacturing.
* Texas State Technical College, Manufacturing Institute and local organizations will help advance the effort.
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IRVING, Texas - Caterpillar Inc. (NYSE: CAT) today announced the launch of its workforce commitment
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PEORIA, Illinois, July 3 -- Caterpillar Inc., a manufacturer of construction and mining equipment, issued the following news release on July 2, 2026:
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Caterpillar Invests in the Future of Texas' Manufacturing Workforce
* Investment will focus on reducing barriers to training, defining in-demand skills for future jobs, and connecting individuals to careers in advanced manufacturing.
* Texas State Technical College, Manufacturing Institute and local organizations will help advance the effort.
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IRVING, Texas - Caterpillar Inc. (NYSE: CAT) today announced the launch of its workforce commitmentin Texas, marking another meaningful step in its five-year, $100 million Building the Future Workforce Initiative. With an initial allocation of up to $5 million, the funding aims to prepare current and future workers across Texas for advanced manufacturing and industry technician jobs of tomorrow.
"Caterpillar believes building a strong workforce starts with investing in people and helping them develop the skills needed to be successful," said Christy Pambianchi, Caterpillar's chief human resources officer. "Texas is a manufacturing powerhouse and a vital hub for innovation. Through this pledge, we're capitalizing on those strengths and preparing Texans for the jobs of today and the advanced technology and manufacturing careers of tomorrow."
Why Texas?
Texas, a recognized leader in American manufacturing, was selected for the workforce commitment because of Caterpillar's deep roots in the state. Texas is home to 6,630 Caterpillar employees spanning from the company's Irving headquarters to 17 facilities across the state, including the 1.7-million-square-foot, high-tech engine facility in Seguin, where today's announcement took place. Texas also boasts the infrastructure, expertise and strong educational institutions needed to develop innovative training models that could serve as a national example.
Caterpillar's initial investment will explore reducing financial barriers to training, developing a future-ready skills framework and strengthening pathways that connect students to careers in advanced manufacturing and industrial skills. To advance these efforts across the state, Caterpillar is collaborating with leading organizations, including Texas State Technical College, the Manufacturing Institute, and local stakeholders such as the Seguin Economic Development Corporation.
This marks the second state launch for this initiative. For more information on how these funds are upskilling talent for advanced manufacturing and industry technician roles, and to keep up with future state launches, visit the Caterpillar Building the Future Workforce Initiative here (https://www.caterpillar.com/en/company/corporate-responsibility/corporate-giving/building-the-future-workforce.html).
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About Caterpillar
For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team. Learn more at www.caterpillar.com.
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Original text here: https://www.caterpillar.com/en/news/corporate-press-releases/h/07022026-texas-workforce-investment.html
[Category: BizIndustrial Materials]
BGE Announces Investment Strategy Focused on Limiting Cost Impacts to Customers
BALTIMORE, Maryland, July 3 -- Baltimore Gas and Electric, a subsidiary of Exelon, issued the following news release on July 2, 2026:
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BGE Announces Investment Strategy Focused on Limiting Cost Impacts to Customers
* Filing reflects the minimum investment necessary to safely keep the lights on for customers
* New BGE FlexPay proposal would give customers greater control over their energy expenses
* Further reductions to system investments would increase outage risks and drive higher costs in the future
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BGE today filed an electric distribution rate case with the Maryland Public Service
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BALTIMORE, Maryland, July 3 -- Baltimore Gas and Electric, a subsidiary of Exelon, issued the following news release on July 2, 2026:
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BGE Announces Investment Strategy Focused on Limiting Cost Impacts to Customers
* Filing reflects the minimum investment necessary to safely keep the lights on for customers
* New BGE FlexPay proposal would give customers greater control over their energy expenses
* Further reductions to system investments would increase outage risks and drive higher costs in the future
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BGE today filed an electric distribution rate case with the Maryland Public ServiceCommission that aligns with a significantly reduced investment strategy focused almost entirely on the most immediate risks to the electric system.
The filing comes at a time when Maryland families and businesses continue to face affordability challenges. In response, BGE delayed the filing, reduced planned investments on the system, deferred larger projects, and focused spending on the essential maintenance and reliability work required to keep power flowing safely to more than 1.3 million electric customers.
"Nothing matters more to our customers right now than affordability," said Tamla Olivier, president and CEO of BGE. "We heard clearly that customers are feeling pressure from rising costs across every aspect of their lives. That's why we delayed this filing, took a hard look at our plans, and reduced investments to only the bare bones maintenance the system needs."
The filing focuses on maintaining the electric system customers rely on every day, including maintaining the current level of reliability, maintaining substations, and introducing a new customer assistance program. Over the past decade, our work on the system has helped BGE customers experience fewer outages and faster restoration times than any time in our company's history.
While BGE reduced and delayed investments to help limit customer impacts, the company emphasized that there is a clear tradeoff to continued reductions.
"There is no scenario where we can stop maintaining the electric system altogether. We made deliberate decisions to postpone large bodies of work, future-focused projects, and replacement of aging equipment," Olivier said. "As the region's power needs grow, and weather-related impacts become more frequent and severe, delaying essential maintenance for too long ultimately leads to more outages, longer restoration times, more emergency repairs and higher costs for customers in the future."
The filing also includes a proposed BGE FlexPay program that would allow eligible customers to prepay for their anticipated energy use, helping them better manage their household budgets and energy expenses through enhanced digital tools and greater visibility into usage.
BGE's filing reflects the minimum level of investment the company believes is necessary to maintain safe and reliable electric service while balancing customer affordability concerns. For residential customers, the average monthly bill increase would be about $8.
The filing will be reviewed in a proceeding before the Commission over the next several months that will include opportunity for public input. New rates would take effect after an order from the Commission expected in early 2027.
Additional information, customer resources, and filing details are available at BGE.com.
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About BGE - BGE is Maryland's largest natural gas and electric utility, providing safe and reliable energy delivery to more than 1.3 million electric customers and 700,000 natural gas customers in central Maryland. The company was founded in 1816 as the nation's first gas utility and remains headquartered in Baltimore City to this day. BGE is a subsidiary of Exelon Corporation (Nasdaq: EXC), one of the nation's largest energy utility companies. Engage with the latest BGE stories on bgenow.com and connect with BGE on Facebook, X, Instagram, and YouTube.
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Original text here: https://www.bge.com/news/news-releases/bge-announces-investment-strategy-focused-on-limiting-cost-impacts-to-customers
[Category: BizEnergy]
A&O Shearman Advises on Sibanye Stillwater's USD500 Million Bond Issuance and Concurrent Tender Offers
LONDON, England, July 3 -- A and O Shearman, a law firm, issued the following news:
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A&O Shearman advises on Sibanye Stillwater's USD500 million bond issuance and concurrent tender offers
A&O Shearman has advised a consortium of 18 initial purchasers and five dealer managers in connection with Sibanye Stillwater's ("Sibanye") USD500m bond issuance and the concurrent tender offers.
The transaction, aimed at reducing Sibanye's gross debt, included the issuance of USD500m aggregate amount of senior notes; and a series of concurrent tender offers to purchase for cash of any and all of Sibanye's
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LONDON, England, July 3 -- A and O Shearman, a law firm, issued the following news:
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A&O Shearman advises on Sibanye Stillwater's USD500 million bond issuance and concurrent tender offers
A&O Shearman has advised a consortium of 18 initial purchasers and five dealer managers in connection with Sibanye Stillwater's ("Sibanye") USD500m bond issuance and the concurrent tender offers.
The transaction, aimed at reducing Sibanye's gross debt, included the issuance of USD500m aggregate amount of senior notes; and a series of concurrent tender offers to purchase for cash of any and all of Sibanye'soutstanding 4.000% senior notes due 2026 and up to USD75m aggregate principal amount of its 4.500% senior notes due 2029, funded in each case with cash on balance sheet and the net proceeds from the senior notes offering.
Sibanye is a multinational mining and metals processing group with a diverse portfolio of mining and processing operations, projects and investments across five continents.
Sibanye is one of the foremost global recyclers of a suite of metals, having increased its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally.
The team was led by partner Trevor Ingram, senior associate Eva Andronikou, and associates Stavros Bakolas, Silvia Montanya, Julia Szinovatz, Paridhi Srivastava, and Laurens de Korte.
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Original text here: https://www.aoshearman.com/en/news/ao-shearman-advises-on-sibanye-stillwaters-usd500-million-bond-issuance-and-concurrent-tender-offers
[Category: BizLaw/Legal]
