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Valley National Bancorp to Acquire Bluevine Inc., Accelerating Its Digital Small Business Growth Strategy and Meaningfully Enhancing Its Core Funding Capabilities
NEW YORK, N.Y. and JERSEY CITY, N.J., Sept. 28, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY) and Bluevine Inc. (“Bluevine”) announced today that they have entered into a definitive agreement whereby Valley will acquire Bluevine, a leading nationwide digital banking platform for small businesses. The acquisition directly aligns with Valley’s stated strategic priorities of enhancing its funding base, expanding its small business franchise, and accelerating its digital
MORNING BUSINESS REPORT: Costco passing along tariff refunds, inflation update, McDonald's Playplaces
Costco passes tariff refunds on to customers, when to expect an inflation update, and McDonald's looks to bring back playplaces. Here's the Morning Business Report for Sept. 19.
White House cancels health, education funds approved by Congress
The Trump administration announced plans Friday night to cancel $810 million in funding for health, education and other programs just days before the end of the current fiscal year, triggering another fight with Congress over the power of the purse. The so-called pocket rescission claws back money already appropriated by Congress, with little time for […]
California donors have funded both sides of Democrats' primary battles
In divisive races such as the Democratic primaries for U.S. Senate in Michigan and Minnesota, California donors have given large amounts to both progressive and moderate candidates.
October 7 survivor Noa Argamani joins Israel-focused Vine Ventures
Noa Argamani survived Hamas captivity. Two years after her rescue, she's joining the Israel-focused fund Vine Ventures.
Chronic disease is an economic problem as well as a health crisis
Employers and health systems can work together to improve prevention, screening and treatment – but sustained funding and better coordination are essential.
After Taxi Driver Deaths, Union Pushes Mamdani for Health Fund
Several New York City cabbies were recently found dead in their cars. A taxi union is seeking to revive a fund that would provide medical screenings, disability insurance and other benefits.
New Hampshire Receives Over $2 Million in Federal Grants to Support Mental Health Efforts Statewide
Governor Kelly Ayotte and Commissioner Lori Weaver of the Department of Health and Human Services (DHHS) celebrated New Hampshire receiving over $2 million in federal grants aimed at expanding behavioral health crisis support and mental health services across the state. The grants will provide critical funding for New Hampshire’s 988 Lifeline and support mental health...
Navigating the American Dream: How Integrated Financial Tools, Credit and Rewards Can Help Small Businesses Succeed
(Feature Impact) Owning a small business has been a cornerstone of the “American Dream” for generations. It represents the chance to transform a passion into a livelihood and legacy. However, turning dreams into reality is rarely a smooth or easy process and requires more than ambition alone. Today’s business owners need support and access to tools that enable them to overcome challenges and keep growing.#placement_678081_0_i{width:100%;margin:0 auto;}var rnd = window.rnd || Math.floor(Math.random()*10e6);var pid678081 = window.pid678081 || rnd;var plc678081 = window.plc678081 || 0;var abkw = window.abkw || '';var absrc = 'https://ads.empowerlocal.co/adserve/;ID=181918;size=0x0;setID=678081;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid678081+';place='+(plc678081++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER';var _absrc = absrc.split("type=js"); absrc = _absrc[0] + 'type=js;referrer=' + encodeURIComponent(document.location.href) + _absrc[1];document.write('');Recent research conducted by the Capital One Insights Center shows 75% of more than 1,000 surveyed small business owners with more than one employee and annual revenues of up to $20 million are confident about the future, and 69% believe their business is actively primed for growth.While this optimism is promising, 47% of business owners still said their operations either stayed the same or became less efficient over the past year, citing issues like back-office friction and fragmented financial systems that make it difficult to get a clear picture of the health of their businesses.If you’re a small business owner eager to grow but not sure how to get there, start with this advice from real small business owners and experts at Capital One.Identify Sources of FrictionBefore you can pour effort into growth, you must understand what barriers are holding you back. Take time to look under the hood of your business to identify where time and energy is being lost.For example, you may be among the 78% of small business owners who feel stressed and uncertain about expense management – think hours spent hunting for receipts, manually entering numbers into software and reconciling accounts. Operational challenges aren’t just a hassle; they also pull attention away from important priorities like serving your customers and planning for growth. “We were focused on making as many candles as possible, especially during the busy season,” said Katie Roering, co-owner of Fontana Candle Co. “A lot of the back-office tasks like procurement, raw material purchasing, forecasting – all the really important things – were done at 3 a.m., 8 p.m. or on Saturday and Sunday, and there really just was not enough time in the day to get everything done that we needed to. We just knew as we continued to grow, we needed to streamline our processes, build out our team and keep moving forward.”Use Integrated Tools to Manage FinancesInstead of balancing 10 different tracking and analysis tools, you can turn to one-stop solutions to improve efficiency. Time gets lost when you’re forced to manually gather and interpret relevant data before you’re able to act. You need a platform that handles the busywork for you.Integrated, or “all-in-one,” financial tools – like accounting and bookkeeping platforms with automation capabilities or business credit cards featuring built-in analytical tools – allow you to easily stay on top of cash flow and day-to-day operations. For small businesses where every hour and dollar makes a difference, consolidating and automating systems can have an immediate impact. In fact, 51% of survey respondents said integrated tools have already fueled their growth.Leverage Credit Access and Rewards WiselyGrowth requires capital, so access to credit is a game-changer for many business owners, with 77% describing it as a key factor in achieving business resilience. Having funds accessible when you need them makes your business more capable of weathering storms such as equipment failures and seasonal slowdowns. It also puts the power in your hands to act when an exciting opportunity presents itself, like an inventory flash sale or the chance to advertise in a new market.Access to credit comes with another advantage: rewards. By using credit cards for your daily business expenses, you can earn cash back, points or travel rewards. Whether you redeem these to cover everyday expenses, book business trips or reinvest in the business, they can act as a bonus source of income. Learn to maximize rewards like the 84% of small business cardholders surveyed so you aren’t leaving money on the table.To learn more about how small business owners can identify obstacles, employ integrated financial tools and use credit as a tool for growth, read the full report at capitalone.com/about/insights-center.Photos courtesy of Shutterstock
White House releases new taxpayer-funded ad describing ‘final battle’
The ad is nearly identical to one Trump’s presidential campaign released in 2024.
White House expands taxpayer-paid ad campaign boosting Trump
New taxpayer funded ads featuring President Trump have sparked debate over whether they violate federal law.
5K memorial walk raises funds for first responder mental health support
Community members gathered Saturday at Asheville-Buncombe Technical Community College for the inaugural 5K walk event benefiting first responder mental health.
Miami-Dade Homeless Trust says Citrus Health employee charged in alleged theft of $1.2 million
A Citrus Health Network employee has been arrested and charged with allegedly stealing more than $1.2 million in funds.
Academy of Natural Sciences closes its doors, but it may not be gone forever
Visitors lined up for what could be their final trip to the Academy as supporters urged Drexel to accept a funding offer.
White House expands taxpayer-paid ad campaign boosting Trump
The taxpayer-funded campaign borrows the president's political rhetoric as the White House defends the spots as “public service” announcements.
Taxpayer-funded Trump ads draw bipartisan scrutiny ahead of midterms
TV ads featuring Trump are expanding nationally, prompting bipartisan questions over whether they comply with restrictions on taxpayer-funded publicity.
Trump administration begins airing 2024 Trump campaign ad in latest taxpayer-funded messaging
The Trump administration is using taxpayer funds to air a television advertisement from Donald Trump’s 2024 presidential campaign in the latest in a series of ads promoting the president ahead of the midterms that the White House maintains are “public service announcements.” | 830 WCCO
Trump administration begins airing 2024 Trump campaign ad in latest taxpayer-funded messaging
The Trump administration is using taxpayer funds to air a television advertisement from Donald Trump’s 2024 presidential campaign in the latest in a series of ads promoting the president ahead of the midterms that the White House maintains are “public service announcements.”.
Trump administration begins airing 2024 Trump campaign ad in latest taxpayer-funded messaging
The Trump administration is using taxpayer funds to air a television advertisement from Donald Trump’s 2024 presidential campaign in the latest in a series of ads promoting the president ahead of the midterms that the White House maintains are “public service announcements.”.
13th annual Diamondbacks, Dignity Health 5K raises cancer funds
Community members ran and walked three miles through downtown Phoenix and around Chase Field for the 13th annual Diamondbacks and Dignity Health 5K Race Against Cancer.
Texas clinic owner found guilty of $26 million scheme — which funded gold Cybertruck and lavish lifestyle
Republican senator criticizes White House for taxpayer-funded Trump ads
John Kennedy pushes back against such spending as pro-Trump ‘public service announcements’ air before midterms
Beloit Sky Carp event fundraises for first responder mental health initiatives
Families enjoyed a day of filled with games, food, live entertainment and community spirit, all in the name of supporting our first responders.
The Trump Admin Is Airing Yet Another Taxpayer-Funded Political Ad
The video, originally from Trump's 2024 campaign, shows the president vowing to destroy "villains" with the disclaimer, "Paid for by the U.S. Government."
Texas clinic owner convicted in $26M military health fraud tied to gold-plated Cybertruck
Kevin D. Curry used TRICARE kickbacks to fund a gold-plated Tesla Cybertruck and lavish parties after billing $26 million in fake TMS therapy claims.
Texas clinic owner convicted in $26M military health fraud tied to gold-plated Cybertruck
Kevin D. Curry used TRICARE kickbacks to fund a gold-plated Tesla Cybertruck and lavish parties after billing $26 million in fake TMS therapy claims.
Portland City Councilor Tiffany Koyama Lane discusses city funding and school plans
Portland City Councilor Tiffany Koyama Lane will seek re-election in November following an eventful first term shaped by budget battles and public safety issues.
White House airs another government-funded ad, this time with Trump warning of ‘final battle’
The Trump administration is set to launch another overtly political campaign ad funded by taxpayer dollars, attacking the “fake news media” and “the sick political class that hates our country.”
What Was Brent Venables Thinking?
You know the scene. You’ve seen it a thousand times. A college football coach stands alone on the sidelines, his players and assistants looking to him for answers that he doesn’t have. They’ve lost this football game, and lost it badly. “Charley Pell’s off-the-books slush fund!” you think, “what must that guy be thinking in […]
Beshear declines to say if he’s allocating substantial funds to boost Dem in Texas Gov. race
New fund invests $250,000 in Charleston small business center
The Lowcountry Impact Fund has announced its first investment, a $250,000 commitment to The Harbor Entrepreneur Center in Charleston.
Feds charge semi-truck business owner in $105M investment fraud scheme
Kristopher Lunsford faces federal charges over a trucking investment operation prosecutors claim used newer investor funds to pay earlier participants.
Politics chat: Trump vs the media; rolling back health and education spending
We look at President Trump's fight with some of the White House press corps, as well as his attempt to claw back $810 million in Congressionally-approved funds for health and education spending.
Politics chat: Trump vs the media; rolling back health and education spending
We look at President Trump's fight with some of the White House press corps, as well as his attempt to claw back $810 million in Congressionally-approved funds for health and education spending.
Global Business Travel Group (GBTG) Looks Fairly Valued, Is The Upside Already Priced In?
Global Business Travel Group (GBTG) is drawing attention after its recent share price move, with the stock last closing at US$9.50. Investors are weighing that price against the company’s current fundamentals and recent returns. Recent trading action fits a broader pattern for Global Business Travel Group, where a strong year to date share price return of 26.33% sits alongside a 1 year total shareholder return of 16.71% and a 3 year total shareholder return of 72.73%. This suggests momentum...
Y Combinator Is Making Political Bets. Its New PAC Has Backed 66 Campaign Committees
The startup accelerator’s Little Tech PAC is funding candidates across party lines as Silicon Valley prepares for a bigger fight over technology policy in Washington.
What Is a ‘Pocket Rescission’? Inside Trump’s Move to Cancel $810 Million in Federal Funding
The Trump Administration is seeking to claw back spending that was approved for programs including those serving immigrants, refugees, minority groups, and children.
Kennedy Center put off planned repairs despite known structural issues, former employees allege
The center’s executive director and chief operating officer, Matt Floca, did not treat the roofing issues as priorities and in April halted a funded plan to address them, according to the letter Thursday signed by David Seide, a lawyer representing the anonymous whistleblowers.
No. 47’s administration moves to limit fixes for systemic ra...
The Trump administration is limiting how federally funded schools address racial disparities, rolling back disparate-impact rules and closing desegregation case...
Joliet gets $1 million federal grant for community mental health program
The funds are part of more than $3.17 million in federal grants for Will County programs related to childcare, nursing education, substance abuse treatment, and university research, according to Rep. Lauren Underwood's office.
Trump admin cancels funding for refugees, immigrant detainees and others
The Trump administration is moving to cancel $810 million of funding that has been appropriated by Congress for refugees, immigrants and other services.
Cape Cod restaurant hit with harassment, hoax 911 calls after hosting GOP fundraiser
A Cape Cod restaurant has been inundated by online threats and harassment, even a hoax 911 call resulting in a massive emergency response, in retaliation for hosting a Republican fundraising event.
The Camilla Foundation to host 3rd annual "Cultivating Hope: An Evening for Children's Health" on October 6
The Camilla Foundation will host its third annual "Cultivating Hope: An Evening for Children's Health" on Tuesday, October 6, 2026, at The Botanic Garden at Georgia Southern University in Statesboro. The public event will raise funds and awareness for children's mental health services in Bulloch County.
Alaska to launch second funding round for Rural Health Transformation Program
The federal program is meant to produce long-term transformation, but strict rules are leading to short timelines.
Sold-out Charity Regatta Raises Record $334,690 for VNA Health
For 22 years, the Santa Barbara Yacht Club (SBYC) has raced boats to raise funds and friends to benefit the Community Care Programs and charitable mission
Lawmakers slam Trump’s move to cancel $810M in funding approved by Congress
The White House announced plans to cancel funding for refugee services and other domestic programs. Lawmakers say it infringes on their spending authority.
Trump revives rare budget maneuver to rescind $810M in congressionally approved funds
Trump used a pocket rescission to cancel $810 million in approved spending on refugee programs, diversity initiatives and migrant education.
Scientific research funding used to be bipartisan. Under Trump, it’s become a constant political football
The NIH grant process remains intact. But supporters on the Hill and in research institutions worry the administration will try to alter it again.
Opinion: Prop. 40 will make California’s health care challenges even worse
A one-time tax on top earners creates a funding cliff, leaving the safety net with deep fiscal holes.
Opinion: Prop. 40 is the key to preserving health care access and saving lives
Passing this ballot measure forces the super-rich to fund emergency rooms, preventing disastrous statewide closures.
In an $80 Motel Room, a Discovery to Shed Light on the Origins of Life
A scrappy science project led to a significant discovery: two new species of a rare organism that could elucidate a fundamental transition in the history of life on our planet.
Children\'s artwork to be exhibited, sold in \'Peace Kids\' show to raise funds for nonprofits
At the eighth annual Peace Kids to the Rescue Art Show & Silent Auction, 72 works by children ages 3-18 will fill the third floor of Lancaster’s Ware Center for
White House orders over $800M in funds rescinded; Collins calls it 'clear violation' of law
The White House announced Friday evening that it was rescinding over $800 million in congressionally appropriated funds across a range of government programs.
Arizona moms push to protect maternal mental health help line
A group of mothers is advocating to protect a statewide maternal mental health help line, saying budget language left its long-term funding uncertain.
Seeing Like a Gardener: A New Framework for the Public Funding of Science
Chapter 11 (pp. 84–91) from The Reconstruction Papers.
Rural Health Transformation Project funding could bring childcare to Juneau hospital workers
A Juneau nonprofit received grant funding to create a childcare center for Bartlett Regional Hospital employees.
Trump Proposes $810 Million in Education and Health Cuts, Defying Congress
The attempted clawback represents the second time in as many years that the White House has sought to cancel funding approved by lawmakers.
White House claims pro-Trump ad it paid Fox to air was ‘public service announcement’
Some Democrats say taxpayer-funded ad could be illegal government propaganda aimed at influencing voters
Durham's $750,000 bet on small businesses Is paying off, county says
Durham County leaders say a small-business recovery program funded by COVID relief money did exactly what it was supposed to do.
AP | A data-sharing clause derailed US-Zimbabwe health talks. Now all funding ends this month
The US will end funding for Zimbabwe’s health programs at the end of September following the collapse of negotiations over a US-proposed deal.
Harford County businesses celebrate Dolly Day, raising money for Imagination Library
Businesses celebrated Dolly Day by participating in fundraising efforts to support Dolly Parton's Imagination Library of Harford County.
William Penn Foundation offers funding to keep Academy of Natural Sciences museum open
A Drexel spokesperson did not say whether the school had declined the offer, but said, “No proposal has been presented that would provide a permanent, sustainable path forward" for the museum.
After a premature birth, North Texas mom found help. Now state invests $4 million in maternal health program
Texas is giving more than $4 million to expand the Maternal Health Accelerator, connecting pregnant and postpartum women to check-ups and support.
Boston-led business groups press for science research funding in DC
A growing coalition of chambers of commerce across the country has a key goal: making the case in Washington to support science.
Austin expands small business support with $2.18M for new programs
The Austin City Council advanced $2.18 million in funding for PeopleFund, Kiva and UT Austin to support local entrepreneurs and small businesses.
University of Richmond receives record $150M gift
The University of Richmond received a record $150 million gift as it launches a $600 million fundraising campaign.
North Texas counselor convicted in $26 million health care fraud
Prosecutors say Kevin Curry funded a lavish lifestyle with the millions he received defrauding the federal government.
Murray, Baldwin Lead Colleagues in Demanding Vought Abandon Any and All Plans to Exert Political Control Over NIH Funding
Lawmakers emphasize need for Republicans to join Democrats and support new guardrails in law to protect the integrity of NIH’s grantmaking process following long line of politically motivated attacks on NIH ICYMI: Senator Murray on Trump’s Latest Plan to Politicize Lifesaving NIH Research ICYMI: Murray on Trump Admin Scrapping Plans for Executive Order to Empower […]
Mississippi's governor awarded more than $104 million to improve rural healthcare. Where's it going?
Mississippi Today reports that a few recipients received a large share of federal funds to boost rural health in Mississippi
Bladen Small Business Center to host “Funding Toolbox” Small Business RoundTable
Small business owners and aspiring entrepreneurs are invited to attend the September Small Business RoundTable at Bladen Community College, featuring a practical discussion on one of the most important challenges facing entrepreneurs: finding the right funding for a business.The September RoundTable, “The Funding Toolbox,” will be held Monday, Sept.28, from 5:30–7 p.m. in Building 14, Room 135, at Bladen Community College.Sponsored by the Bladen Community College Small Business Center (SBC) and the Elizabethtown-White Lake Area Chamber of Commerce, the event will bring together experts familiar with the Small Business Center and SSBCI programs to help participants better understand the funding resources available to entrepreneurs and small businesses.Rather than focusing on one type of financing, “The Funding Toolbox” will explore a variety of funding tools and resources that may be available depending on a business's stage, needs and goals. Participants will have an opportunity to learn about available programs, how they work, what lenders and funding organizations look for, and how business owners can prepare to seek financing.Topics will include:Funding options for startups and existing businessesLoans and other financing resourcesSSBCI-supported funding opportunitiesHow to determine which funding option may fit your businessWhat lenders and funding organizations look forPreparing financial information and documentationResources available to help businesses become funding-ready“The Funding Toolbox” is designed for both aspiring entrepreneurs and established small business owners who are considering starting, expanding or investing in their businesses.The Small Business RoundTable provides an informal setting where local entrepreneurs can learn, ask questions, share experiences and connect with business-resource partners. The program is part of the ongoing efforts of the Bladen Community College Small Business Center and the Elizabethtown-White Lake Area Chamber of Commerce to strengthen and support small businesses throughout the community.The September RoundTable is free and open to the public.For more information or to register, contact the Bladen Community College Small Business Center at 910-879-5572.Event DetailsWhat: Small Business RoundTable – The Funding ToolboxWhen: Monday, Sept.28, 2026 | 5:30–7 p.m.Where: Bladen Community College, Building 14, Room 135Cost: FreeSponsors: Bladen Community College Small Business Center and Elizabethtown-White Lake Area Chamber of Commerce
HUGS casino night fundraiser in Savannah to support affordable mental health services
American Legion Post 135 to raise funds for affordable mental health in Savannah
Astrophysicists win AI grant for 'Holy Grail' project to automate laborious calibration process
Anthropic's AI for Science Program has awarded the UC Santa Cruz team $50,000 in API credits to fund the development of an automated wavelength-calibration algorithm for astronomical spectra.
UA provides $1 million in seed funding grants
The I3R Watershed Grants Program recently awarded $1 million to 15 new interdisciplinary research teams at the University of Arkansas. The program is designed to spark new research collaborations, accelerate...
UA provides $1 million in seed funding grants
The I3R Watershed Grants Program recently awarded $1 million to 15 new interdisciplinary research teams at the University of Arkansas. The program is designed to spark new research collaborations, accelerate...
Shelby County Health Department Seeks Permit Program Funding as Air Pollution Falls
"By emissions going down, so [is] our revenue."
A data-sharing clause derailed U.S.-Zimbabwe health talks. Now all funding ends this month
The withdrawal casts uncertainty over programs to combat HIV and other diseases in a country where shortages often force patients to bring basic supplies such as bandages to clinics and buy their own medicines.
How to help Katmai’s brown bears this Fat Bear Week
Donations to the Otis Fund will be matched up to $350,000 through October 3.
UVM receives $19M grant to create a national neuroscience hub
The grant will fund a new observatory at the University of Vermont to help scientists research and better understand how brains and nervous systems work.
Trump administration runs taxpayer-funded ‘love me’ ad
Democratic lawmakers have demanded more details about the ad
Pro-Trump TV ad paid for by U.S. government continues airing with higher spend
The ad’s cost has jumped from $14,000 to $430,000 as it runs on a variety of network TV channels in markets across the country
A data-sharing clause derailed US-Zimbabwe health talks. Now all funding ends this month
The United States will end funding for Zimbabwe’s health programs at the end of September.
A data-sharing clause derailed US-Zimbabwe health talks. Now all funding ends this month
The United States will end funding for Zimbabwe’s health programs at the end of September | Newsradio 1140 WRVA
US ends health funding for Zimbabwe after dispute over data-sharing terms
The United States will end funding for Zimbabwe’s health programs at the end of September. This decision follows Zimbabwe's rejection of a U.S.
A data-sharing clause derailed US-Zimbabwe health talks. Now all funding ends this month
HARARE, Zimbabwe (AP) — The United States will end funding for Zimbabwe’s health programs at the end of September following the collapse of negotiations over a U.S.-proposed deal that Zimbabwe reje…
Arkansas Invests 54 Million to Boost Rural Health and Workforce in 54 New Projects
Governor Sarah Huckabee Sanders announced $54.6 million in new rural health funding for 54 projects across Arkansas Thursday, including eight awards totaling more than $5 million for projects serving Southeast Arkansas. Jefferson Hospital Association received two awards totaling $1.03 million. Of that amount, $360,000 will […]
Southern Miss offering low-cost mental health screenings, support
The grant-funded program, called SOAR, serves people ages 14 to 25.
Underly calls for change in school funding formula
In her annual State of Education address, State Superintendent Jill Underly called to change the school funding formula and said “financial questions” schools are facing are the result of “deliberate political choices.”
BioHealth Capital Region - Regional Life Sciences Roundup - September 25, 2026
Each week, our Regional Roundup delivers the most important and timely life sciences news from around the region. From groundbreaking research to fundraising…
Trump uses public funds for 'Love me' ad that promotes himself
The White House is using public funds for a TV ad that promotes President Trump and his record, calling it a "public service announcement."
The governor awarded more than $104 million to improve rural healthcare in Mississippi. Where is the money going?
A handful of recipients accounted for a substantial share of the first round of federal awards to boost rural health in Mississippi, according to an analysis of funding conducted by Mississippi Today.
David Bride: Small business investment could fuel resident interest
As mayor, I would focus on giving small businesses practical support. That means connecting entrepreneurs with public funding, private investment, banks and community organizations.
Pioneer of China NewCo model sued in US over trade secret misuse, double-dealing
A legal feud unfolding in New York is putting a spotlight on the work of a business development veteran who is credited for pioneering one of biopharma’s hottest dealmaking mechanism: the China “NewCo” model. In a lawsuit originally filed in New York state court and recently moved to federal court, China’s Lepu Medical Technology has alleged that biopharma business development consultant Su Zhang, who was hired to help shop its GLP-1 weight-loss candidates to Western partners, engaged in corporate double-dealing and trade secret leaks. According to the complaint, while acting as Lepu’s primary dealmaking liaison for a group of obesity and metabolic disease drug candidates, Zhang was secretly double-dipping as the acting chief business officer for a direct competitor, BrightGene Pharmaceutical. “She never adequately disclosed the role, never sought Lepu’s consent, and never proposed any safeguard,” Lepu alleged in its complaint, which was filed in July after Zhang’s consulting firm, CoDevCo, sought certain transaction-based success fees from its angry customer through an arbitration process in Singapore. Lepu, the parent company of Lepu Biopharma, has asked Zhang to pay back its $500,000 retainer and disgorge all benefits she received during the alleged breaches of fiduciary duty, plus other damages and relief. The company has also requested the court grant injunctions to protect Lepu’s trade secrets. The ill-fated partnership officially kicked off in December 2024, when Lepu tapped CoDevCo as its “exclusive business development mechanism” to identify collaborators for the company’s drug candidates. According to Lepu’s complaint, Zhang personally negotiated and signed the agreement as managing director for CoDevCo, which used her home address. Before the Lepu deal, Zhang made a name following a short stint as the global head of business development for Hengrui Pharmaceuticals. It was during her tenure that Hengrui signed a landmark deal granting exclusive rights for a portfolio of GLP-1 assets to Hercules, which was at that time newly established by a group of private equity and venture capital firms. In addition to the regular upfront and milestone payments, Hengrui also gained an equity stake in Hercules, which later became Kailera Therapeutics. The Hengrui-Hercules deal opened a new paradigm, where a Chinese biopharma company spins off certain early-stage assets to investors for further development through the creation of a new company abroad. The “NewCo” model quickly came into vogue as it allows Western investors to access high-potential assets originating from China at an early stage while giving the Chinese licensors an opportunity to reap long-term benefits through equity stakes in the new firms. The NewCo model proved its value when Kailera staged a record-breaking $625 million IPO on Nasdaq this April, merely two years into the Hengrui deal. Related Kailera CEO 'knew we were in a good spot' before obesity biotech's record-breaking $625M IPO On her LinkedIn page, Zhang described her work at Hengrui as “[b]uilding team and capability from the ground up,” forming NewCo and major pharma partnerships worth billions of dollars. Lepu clearly wanted that kind of track record to help boost its own cardiometabolic portfolio, which includes a range of assets for obesity, Type 2 diabetes, fatty liver disease and muscle preservation during weight loss treatment. “Lepu’s pipeline is very valuable, but only if Lepu could secure the right international partner to expand into the overseas market during the available commercial window,” the company argued in its complaint. The Chinese biotech said it had little knowledge of U.S. laws, customs or business practices in the business development field, and therefore “needed to rely entirely” on the expertise of Zhang and her team as the firm’s first engagement of a U.S.-based BD consultant. “Zhang’s dominating influence on the business development strategy is further evidenced by the fact that she personally controlled the business-development communications on behalf of Lepu with potential partners,” Lepu said in its complaint. After entering the deal, Zhang introduced Lepu to her four associates. According to Lepu’s version of events, all of them were allegedly employed at different time points to perform similar jobs at other Chinese companies that Lepu described as its competitors, while having access to Lepu’s confidential information. As such, Lepu described Zhang’s team as “a roster of individuals whose primary professional loyalty, by virtue of their concurrent full-time employment, ran to Lepu’s competitors.” As well as the specific examples set out in the case, a look at Lepu’s deals over the period suggests Zhang may have been involved in at least one transaction. During their partnership, Lepu, through its subsidiary Shanghai Minwei Biotechnology, also out-licensed its GLP-1/GIP/FGF21 agonist MWN105 to a NewCo called Sidera Bio in the fall of 2025. The deal included an upfront and near-term payment of $35 million, up to $1.01 billion in milestones, and a 9.99% stake in the Danish startup. It seems likely that Zhang facilitated the Minwei deal given that Lepu is on record as having used CoDevCo as its “exclusive business development mechanism.” The big shock for Lepu came in the form of a news article on June 25, 2025. The article, reporting on phase 2 data for BrightGene’s GLP-1/GIP receptor agonist BGM0504, identified Zhang as acting chief business officer of the Lepu rival. Blindsided by her association with BrightGene, Lepu confronted Zhang in July 2025. “Lepu was given assurances that there was nothing to be concerned about and told that Zhang would explain the matter to Lepu,” Lepu alleged in its complaint. “Zhang never did.” Lepu claimed that Zhang had the motive and opportunity to steer potential prospective partners toward BrightGene or other competitors. Later, in February 2026, one of Zhang’s associates joined BrightGene as the vice president for global business development, according to the complaint. Around the same time, Lepu sent written demand letters asking Zhang to account for her BrightGene role, identify what confidential data were shared with the rival firm, and provide any conflict-of-interest or firewall policies during the engagement. According to Lepu, neither CoDevCo nor Zhang answered the questions in their responses. Related Novo vs. KBP: How a $1.3B deal turned into a fraud accusation and an international legal fight In a motion to dismiss filed with the U.S. District Court in the Eastern District of New York on Sept. 4, Zhang’s legal team argued that Lepu’s agreement was signed with CoDevCo, and that an employee of the contractor does not owe fiduciary duties to the client. In its complaint, Lepu said: “That CoDevCo was the contracting entity does not insulate Zhang from personal liability for duties she personally undertook and personally breached.” Taking the argument one step further, the defending party argued that the consulting agreement “does not create a fiduciary relationship even between CoDevCo and Lepu; instead, it identifies CoDevCo as an independent contractor retained to market Lepu’s business to potential western partners.” Although CoDevCo was Lepu’s exclusive business-development contractor, there were no terms stipulating that the consulting firm should serve only Lepu, Zhang’s lawyer noted. As to Lepu’s claims that Zhang misappropriated trade secrets, the defendant argued that Lepu authorized the use of the information so Zhang’s team could perform their service per the agreement. In a rebuttal filed on Sept. 11, Lepu’s lawyer set out why they believe the Chinese biotech satisfied New York law’s misappropriation definition by alleging that the defendant used a trade secret “in breach of a duty or through improper means.” As an alternative to dismissing the suit, the defendant suggested the action should be stayed pending outcomes from the arbitration of a separate case in Singapore. While NewCo pioneer Zhang is defending her business arrangements, momentum behind the NewCo trend has continued unabated into 2026. Through August, Chinese biotech assets have spurred 15 NewCo deals this year, according to local trade publication PharmaDJ.
CERN has begun disconnecting the Large Hadron Collider
CERN has started replacing some of the Large Hadron Collider’s most important magnets as part of its High-Luminosity upgrade. The new superconducting magnets will produce fields about 40% stronger, allowing particle beams to be squeezed more tightly before they collide. That should create far more collisions for the ATLAS and CMS experiments to analyze, giving physicists a much larger window into the fundamental workings of the universe.
Bill to allow politicians to spend campaign cash on security spurs warnings of misuse
The Assembly gave overwhelming approval to a bill that would allow political candidates to use campaign funds to pay for security measures.
North Carolina restores perinatal program after Medicaid funding dispute delayed research
Perinatal Quality Collaborative revives projects on newborn screenings and maternal mental health to launch in 2027, officials said.
The World Health Organization in crisis
The World Health Organization faces a deepening crisis of funding, authority and relevance as alternatives emerge for disease surveillance and emergency response.
Scattering neutrinos to probe the fundamental laws of the universe
As part of Ricochet, an international collaboration that studies neutrinos, MIT PhD student Faith Reyes progressed from learning the basics of the experiment to helping guide the work of other scientists.
City Council approves grants to assist businesses located in construction zones
The pilot program uses $345,000 in American Rescue Plan funding to help small businesses survive disruptions.
WA lawmaker call for more oversight after Longview disaster
Although the state is facing a budget crisis, Sen. Jeff Wilson, R-Longview, said he “can’t think of a more worthy cause” for lawmakers to pass and fund.