Monday - October 28, 2024
State Tipoffs Involving Massachusetts Newsletter for Wednesday July 24, 2024 ( 20 items )  

BERKSHIRE HATHAWAY SPECIALTY INSURANCE LAUNCHES SURETY IN SPAIN, NAMES JESUS BARBERO AS HEAD OF SURETY
BOSTON, Massachusetts, July 23 -- Berkshire Hathaway Specialty Insurance, a provider of commercial property, casualty, healthcare and executive and professional lines and marine insurance, issued the following news release on July 22, 2024: Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has entered the surety market in Spain and appointed Jesus Barbero to lead the product line as Head of Surety. "We are excited to lead BHSI's entry into the European surety market," said   more

Brian McCabe Comments on SEC's Tailored Shareholder Reports Rule in Ignites
BOSTON, Massachusetts, July 24 -- Ropes and Gray, a law firm, issued the following news: The Securities and Exchange Commission's ("SEC") new Tailored Shareholder Reports Rule, set to take effect on Wednesday, will require fund firms to adjust their disclosure framework. Asset management partner Brian McCabe commented on this change in Ignites, noting that instead of sending investors instructions for accessing reports electronically, firms will need to write three- to four-page reports. This   more

Collaborating to Advance LEADing-Edge Digital Financial Infrastructure
CAMBRIDGE, Massachusetts, July 24 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * Project led by MIT economist Rob Townsend aims to help low- and middle-income countries assess and utilize new technologies to improve central banks' functions. * * * By Benjamin Daniel, School of Humanities, Arts, and Social Sciences MIT's Laboratory for Economic Analysis and Design (LEAD) has been awarded a 400,000-euro grant from the Deutsche Gesellschaft fur Interna  more

CONSUMERS ARE HUNGRY FOR VIRAL FOOD + BEVERAGE TRENDS, HEALTHIER CHOICES, ACCORDING TO MATTER SURVEY
NEWBURYPORT, Massachusetts, July 24 -- Matter Communications, a public relation and social media firm, issued the following news: * * * Research from agency's consumer PR + Marketing experts highlights strong opportunities for CPG brands across influencer marketing, in-store and online retail, healthy alternatives and more * * * BOSTON, July 23, 2024 -- Matter Communications -- a Brand Elevation Agency that integrates PR, marketing and creative services -- today revealed findings from its 20  more

Covington Represented UniQure in Sale of Gene Therapy Manufacturing Facility to Genezen
WASHINGTON, July 24 -- Covington, a law firm, issued the following news release: Covington represented uniQure, a leading gene therapy company advancing transformative therapies for patients with severe medical needs, in the sale of its Lexington, Massachusetts manufacturing facility to Genezen, a leading contract development and manufacturing organization specializing in the supply of retroviral vectors, lentiviral vectors, and adeno-associated virus (AAV) technologies. Genezen acquired uniQu  more

Draper to Design Microbe-Based Sensors to Perform Environmental Monitoring
CAMBRIDGE, Massachusetts, July 24 -- Draper issued the following news: Over the past decade, scientists have proved that engineered microbes are capable of exhibiting a range of sense-and-response functions. They can be programmed to convert input signals into detectible outputs, such as a change in color when they encounter specific toxins. They can sense and respond to physical stimuli such as light or magnetic fields. They can even produce an electric current to actuate a tiny gear. Now, Dr  more

Flagship Pioneering Unveils Abiologics to Pioneer Supranatural Biologics, A New Biotherapeutic Class
CAMBRIDGE, Massachusetts, July 24 -- Flagship Pioneering, a bioplatform innovation company, issued the following news release: * * * The Abiologics platform leverages cutting-edge generative AI and high throughput chemical protein synthesis to create Synteins(TM), a new class of programmable medicines that aims to redefine what therapeutics can achieve for patients The company emerges after 3 years of platform development and an initial commitment of $50 million from Flagship Pioneering * *   more

Healey-Driscoll Administration Announces Changes to Emergency Assistance Prioritization, Safety-Net Sites
BOSTON, Massachusetts, July 24 -- Gov. Maura Healey, D-Massachusetts, issued the following news release: * * * Safety-net sites to become temporary respite centers with five-day stay limit * * * The Healey-Driscoll administration is announcing changes to its Emergency Assistance (EA) prioritization and safety-net sites for families experiencing homelessness. These changes are intended to address the system's continuing capacity constraints, lower costs, and protect the financial sustainabili  more

Higher Education's Value Shift: Cengage Group's 2024 Employability Report Reveals Growing Focus on Workplace Skills & GenAI's Impact on Career Readiness
BOSTON, Massachusetts, July 24 (TNSres) -- Cengage Group, an education and technology company, issued the following news release: * * * * Graduates increasingly view their education as providing good value for their investment (73%), up from just 52% in 2023 * 3 in 4 (70%) graduates believe basic GenAI training should be integrated into courses * More than half (55%) of graduates said their programs did not prepare them to use GenAI tools * GenAI and other emerging technologies have 51% of   more

IDC Reveals GenAI Impact on India's Enterprises
NEEDHAM, Massachusetts, July 24 -- International Data Corp., a provider of market intelligence and advisory services, issued the following news release: * * * Indian AI Market to Skyrocket to Almost $6 Billion by 2027 * * * The recent IDC Playbook Tech Marketing Leaders: Maximizing Business Potential through Generative AI -- Leveraging Generative AI for Maximum Impact highlights the significant impact of Generative AI (GenAI) on Indian enterprises, as well as its implications specifically fo  more

Kirkland Advises Centerbridge on $1.3B Capital Raise for Martello Re
CHICAGO, Illinois, July 24 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented private investment management firm Centerbridge Partners in connection with a $1.3 billion capital raise for life and annuity reinsurer Martello Re Limited. The capital raise includes $935 million in equity and a $360 million upsizing of the company's credit facility. Centerbridge is one of Martello Re's founders and financial supporters. Centerbridge, along with Massac  more

Knight Science Journalism Program at MIT Announces 2024-25 Fellows
CAMBRIDGE, Massachusetts, July 24 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * Journalists covering key science issues around the globe will join the MIT community in August. * * * The Knight Science Journalism Program at MIT (KSJ) will welcome 12 fellows in August. In addition to 10 Academic-Year Fellows, KSJ welcomes the inaugural Fellow for Advancing Science Journalism in Africa and the Middle East, and co-hosts a Sharon Begley Fellow with Boston-  more

Metallica Scholars Initiative Workforce Education Program Now in All 50 States
LOWELL, Massachusetts, July 24 -- Middlesex Community College issued the following news release: San Rafael, Calif. - All Within My Hands (AWMH), the non-profit, philanthropic organization created by the members and management of Metallica, is incredibly proud to announce the largest expansion of its Metallica Scholars Initiative (MSI) and its largest grant to date. With the launch of year six, 18 new colleges join the roster of existing MSI community colleges, with each new college receiving $  more

Or Hen: Getting to the Core of the Matter
CAMBRIDGE, Massachusetts, July 24 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * To understand how everything from atoms to neutron stars behave, he says, requires "abstracting away the details to see main principles that drive everything." * * * By Jennifer Chu, MIT News Every now and then, Or Hen, who recently received tenure as an associate professor of physics at MIT, will refer back to a file that he has kept since middle school. The file is a   more

Proton-Conducting Materials Could Enable New Green Energy Technologies
CAMBRIDGE, Massachusetts, July 24 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * Analysis and materials identified by MIT engineers could lead to more energy-efficient fuel cells, electrolyzers, batteries, or computing devices. * * * By David L. Chandler, MIT News As the name suggests, most electronic devices today work through the movement of electrons. But materials that can efficiently conduct protons -- the nucleus of the hydrogen atom -- could b  more

Ropes & Gray Advises Riveron in Acquisition of Yantra
BOSTON, Massachusetts, July 24 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray represented Riveron, a business advisory firm backed by Kohlberg & Company, in the acquisition of Yantra. The transaction was announced on July 22 in a press release. Yantra is a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs. The acquisition makes Riveron one of the largest NetSuite Alliance Partners globally,  more

Study: When Allocating Scarce Resources With AI, Randomization Can Improve Fairness
CAMBRIDGE, Massachusetts, July 24 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * Introducing structured randomization into decisions based on machine-learning model predictions can address inherent uncertainties while maintaining efficiency. * * * By Adam Zewe, MIT News Organizations are increasingly utilizing machine-learning models to allocate scarce resources or opportunities. For instance, such models can help companies screen resumes to choose j  more

TechTarget's Computer Weekly Wins Prestigious Orwell Special Prize for Journalistic Excellence
NEWTON, Massachusetts, July 23 -- TechTarget, a provider of data-driven marketing services to business-to-business technology vendors, issued the following news release: * * * The latest of several 2024 editorial awards is reflective of TechTarget's continued commitment to delivering high quality, independent editorial to B2B technology audiences worldwide * * * LONDON - JULY 22, 2024 -- Leading technology media and purchase intent-driven marketing and sales services company TechTarget, Inc.  more

Trinity Capital Issues $100M in Underwritten Investment Grade Bond Offering
BOSTON, Massachusetts, July 24 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray represented the underwriters for Trinity Capital Inc.'s underwritten investment grade bond offering of $100 million in aggregate principal amount of 7.875% notes due 2029. Trinity intends to use the proceeds to refinance debt. The transaction was announced in a July 16 press release and closed July 19. The team was led by capital markets partner Paul Tropp. * * * Original text here: https:/  more

Two Individuals Indicted For Stealing More Than $150,000 From MassHealth Program
BOSTON, Massachusetts, July 24 -- Massachusetts Attorney General Andrea Joy Campbell issued the following news release on July 23, 2024: * * * Defendants Allegedly Submitted Claims While Personal Care Attendant Was Incarcerated * * * The Attorney General's Office (AGO) announced today that two individuals have been charged with falsely billing MassHealth's Personal Care Attendant (PCA) program for more than $150,000 in services that were allegedly never provided. Jasmin Bryan, age 45, of H  more