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IKS Health Announces Agreement to Acquire TruBridge to Strengthen Access to Rural and Community-Based Healthcare
DALLAS & MOBILE, Ala., April 23, 2026--Inventurus Knowledge Solutions, Inc. ("IKS"), the U.S. subsidiary of Inventurus Knowledge Solutions Limited (NSE: IKS) ("IKS Health"), a global leader in care enablement solutions, today announced it has entered into a definitive agreement to acquire TruBridge, Inc. (NASDAQ: TBRG) ("TruBridge"), a prominent provider of healthcare technology solutions for rural and community hospitals. This proposed strategic acquisition underscores a commitment to broaden a
Lineage Sues Solar Firm for $1 Billion
Cold storage giant Lineage blames the “reckless conduct” of rooftop solar developer Altus Power – a subsidiary of private equity firm TPG – for igniting
Herndon satellite business launches Luxembourg subsidiary
HawkEye 360 on Tuesday announced plans to establish its first European subsidiary, HawkEye 360 Luxembourg, S.à r.l.
DeFi Technologies' Subsidiary Valour Launches Valour Funds SPC, a New Business Line, and Introduces Its First Hedge Fund, Smart Crypto Fund SP, Powered by Neuronomics' Proprietary AI Strategy
Valour launches Valour Funds SPC, a new business line expanding its offering beyond exchange traded products into actively managed digital asset investment...
Quanome Advances Its AI Cloud Business XDT with US$18.8 Million Infrastructure Purchase Agreement
Company Advances Development of First U.S. AI Infrastructure Hub, Executes Its Quantum & AI Systems Strategy ITASCA, Ill., Sept. 23, 2026 (GLOBE NEWSWIRE) -- Quanome Technologies, Inc. (Nasdaq: QNME) (“Quanome” or the “Company”) is advancing its Quantum and AI Systems business through an approximately US$18.8 million purchase agreement for computing infrastructure powered by NVIDIA GPU technology to build its AI cloud business through its subsidiary, XDT Infrastructure I, LLC (“XDT”). The Compan
Doral bets $738 million on its U.S. renewable energy business
The Israeli company will more than double its stake in Doral LLC to 53.2%, valuing the American subsidiary at about $4.1 billion in the latest transaction and potentially postponing plans for a separate IPO.
Integris Health to join Kaiser Permanente's Risant Health
Kaiser Permanente’s Risant Health has tapped Oklahoma’s largest nonprofit provider as the next to join its growing cadre of regional health systems. | Pending approvals, Oklahoma's largest nonprofit health system will follow in the footsteps of Geisinger Health and Cone Health in seeking outside investment and tech-enabled value-based care know-how from the Kaiser subsidiary.
CENTENE SUBSIDIARY MERIDIAN HEALTH PLAN OF ILLINOIS AWARDED ILLINOIS MEDICAID CONTRACT
/PRNewswire/ -- Centene Corporation (Centene) (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today...
Sorbent to acquire Kenvue's Stayfree and Carefree business in Australia and New Zealand
Sorbent Paper Company Pty Ltd ("Sorbent") has signed an agreement with Kenvue's Singaporean subsidiary to acquire its Stayfree and Carefree feminine care business in Australia and New Zealand. Following completion of the transaction, the business in New Zealand will be managed by Sorbent's affiliate, Cottonsoft.
Fading Echo coming to Switch 2
Fast-paced desert punk action adventure game Fading Echo will launch for Switch 2 alongside its PlayStation 5 and Xbox Series versions in 2026, publisher New Tales and development subsidiary Emeter…
MidFirst Business Credit Appoints Nelson as Business Development Officer
MidFirst Business Credit, a subsidiary of MidFirst Bank, a privately owned bank, appointed Graham Nelson as vice president, business development officer,
Royal Business Bank Forms New Lending Team and Loan Production Office
RBB Bancorp, together with its bank subsidiary Royal Business Bank, appointed John Curtis as executive vice president and market president of the Northern
New GM for Doyon’s Fairweather
Doyon, Limited named its operations director, Zach Dunlap, to take over as General Manager of its industry support subsidiary Fairweather.
Fort Smith Metro News Briefs: ArcBest goes electric, Baptist Health nurse receives national award
Following are recent news brief items from the Fort Smith metro. ArcBest Tesla Trucks Fort Smith-based ArcBest, through its ABF Freight subsidiary, has purchased to Class 8 Tesla semi trucks....
IKS Health Announces Agreement to Acquire TruBridge to Strengthen Access to Rural and Community-Based Healthcare
Inventurus Knowledge Solutions, Inc. (“IKS”), the U.S. subsidiary of Inventurus Knowledge Solutions Limited (NSE: IKS) (“IKS Health”), a global leader in car...
Aon's NFP Buys Cannabis Business From Frontier Risk
NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty
Entegral, GEICO partner to streamline auto claims process
Entegral, a claims technology platform and subsidiary of Enterprise Mobility, has announced a strategic partnership with GEICO to improve the automotive claims experience through more efficient claim routing, repair coordination and customer communications. Through the partnership, GEICO, the third-largest auto insurer in the United States, will deploy Entegral technology to simplify appointment communications and help…
FIFA tests the limits of private equity in sports with World Cup subsidiary sale
UEFA and Concacaf's rejection of FIFA's plan to sell a 20% stake in the World Cup's commercial operations highlights uneasiness with private equity in sports.
As the GLP-1 Era Reshapes Weight Management, METAbiotics Launches with Science Designed to Support Long-Term Success
Today, Danone subsidiary The Akkermansia Company announced the U.S. launch of METAbiotics, a science-backed postbiotic brand developed from decades of pioneering research into Akkermansia muciniphila and designed to support sustained weight management and metabolic health.
Expansion of the security segment wholesale business through the acquisition of shares in companies
The security segment of TKM Grupp AS is expanding its operations across the Baltics by establishing a subsidiary in Latvia and acquiring companies engaged in the wholesale distribution of security systems in Estonia, Latvia and Lithuania. In 2023, TKM Grupp AS acquired a 100% shareholding in Walde AS, a company engaged in the wholesale distribution of security systems in Estonia (stock exchange announcement of 23 December 2022). On 16 October 2026, Walde SIA, a 100% subsidiary of Walde AS, was e
DOJ’s Recent Small Business Administration FCA Settlement Highlights Risks for Contractors
A recent $21.3 million False Claims Act (FCA) settlement with an electrical contractor and its subsidiary highlights the U.S. Department of Justice’s (DOJ) focus on U.S. Small Business Administration (SBA) set-aside programs and scrutiny of whether companies improperly represent themselves as qualifying small businesses or—importantly for larger businesses—improperly represent their use of qualifying small businesses to secure federal contracts.
Porsche CEO assures staff no further job cuts planned, according to memo
Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by Reuters on Monday.
INCUBASE Studio Accelerates Collectible Entertainment with GochaGocha's 23-Location Asia Debut of a New Photo Card Experience
INCUBASE Studio is expanding its IP entertainment ecosystem with the launch of GochaGocha, a new smart photo card machine platform developed by subsidiary INCUTix. Following a rapid rollout across 23 locations in Hong Kong, Taipei, Kuala Lumpur and Bangkok in early June, GochaGocha introduces a new channel connecting fans with officially licensed content through discovery, collectability and convenience.
Cosmos Health Secures Additional 2.5 Million Units Under New Five-Year Contract Manufacturing Agreement with Viofar; Total Orderbook Surpasses 27.5 Million Units
* 500,000 contracted units of ROSARTIA annually / 2.5 million over five years through a new long-term agreement at wholly owned subsidiary Cana Laboratories * Expands Cosmos Health's manufacturing presence in cardiovascular pharmaceuticals, adding production of statin-based lipid-lowering therapies to Cana's growing contract manufacturing portfolio * Cumulative contract manufacturing orderbook increases to more than 27.
Cohen Joins First Business Bank as VP, Accounts Receivable Financing
First Business Bank welcomed Brian Cohen as vice president – accounts receivable financing to First Business Specialty Finance, a subsidiary of First Business
UAE’s Adnoc strikes $1bn deal for Shell’s South African fuels business
Acquistion of 580 service stations and other assets marks latest overseas expansion by Adnoc subsidiary
Accenture to Acquire Alfahealth, Expanding Digital Health Capabilities to Accelerate Healthcare Transformation in Italy
Accenture has agreed to acquire Alfahealth, a subsidiary of Engineering Group.
Sony Pictures Entertainment Launches Crunchyroll Storyworks, Aiming To Boost Japanese Anime
Sony Pictures Entertainment has unveiled a new division of its Crunchryroll subsidiary, Crunchyroll Storyworks, which will look to boost Japanese anime.
Trellis Health expands member-based primary care to Brunswick
Trellis Health, a MaineHealth subsidiary offering membership-based primary care, now has two offices in Maine
Li Auto Inc. Announces Equity Financing for Its Chip Business
BEIJING, China, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that Shanghai Mahe Xin Technology Co., Ltd. (“MHX Technology”), a subsidiary of the Company dedicated to its chip and domain controller business, entered into subscription agreements for equity financing totaling RMB1.625 billion (the “Subscription”). The Company, through a wholly-owned subsidiary, and external invest
Legacy Entertainment | Beijing Haichang Ocean Park launch
The new attraction, designed by Legacy Entertainment and its subsidiary, The Aquarium Design Company, is the first new aquarium project in the city since 2000
Accel Entertainment (ACEL) Uses Rice Palace Deal to Build More Gaming Density in Louisiana
Accel Entertainment, Inc. (NYSE:ACEL) is one of the best e-gaming and sports betting stocks to buy now. The company’s freshest expansion move came on June 3, when its Toucan Gaming subsidiary acquired the assets of Rice Palace Inc. and South Louisiana Gaming Inc., the owner and operator of Rice Palace Truck Stop Casino in Crowley, […]
Report: OnePlus to Pull Out of US and Europe
OnePlus is exiting the U.S. and European smartphone markets as part of a broader restructuring at parent company Oppo, Bloomberg reports. OnePlus is a wholly-owned subsidiary of Oppo. The change could happen as early as this week, according to a person familiar with the matter who spoke to Bloomberg. Realme, another Oppo-owned mobile brand, will exit the China market as part of the same restructuring.
Maximum Entertainment’s U.S. Subsidiary Agrees to Cathay Bank’s Request for Stipulation of a Receiver
Stockholm, Sweden, July 17, 2026 - Maximum Entertainment AB (Nasdaq: MAXENT B) (“Maximum Entertainment” or the “Company”) today announces that its U.S. subsidiary, Maximum Entertainment, LLC (the “Borrower”), has agreed to stipulate to the appointment of a court-supervised receiver as requested by…
Hologic’s Business Tax Method Nixed by New Hampshire Justices
Hologic Inc. can’t use a subsidiary’s capital losses to offset another subsidiary’s capital gains for New Hampshire business tax purposes, the state high court ruled Wednesday.
Microsoft-owned Blizzard, video game union ratify contract
Nearly 1,900 employees across multiple divisions of Microsoft subsidiary Blizzard Entertainment have ratified a union contract with the video game developer, following two years of bargaining. Communications Workers of America,
United Bank hires Phil Poliquin to lead government contracting business
Phil PoliquinUnited Bank, a subsidiary of United Bankshares, Inc. (NASDAQ: UBSI), has announced that Phil Poliquin has joined the Bank as senior vice president and managing director of Government Contracting (GovCon), leading the next phase of growth for United’s GovCon business across the Bank’s footprint.United has a longstanding history of serving government contractors and meeting the dynamic banking needs of companies supporting federal, state and commercial markets. Building on that foundation, the Bank is establishing a dedicated GovCon team led by Poliquin. The new team will bring together bankers from across United's footprint under a focused strategy designed to deepen industry expertise, strengthen client relationships and expand the Bank's presence in this important market.“Government contractors operate in a complex and highly specialized environment, and Phil understands that environment from multiple perspectives,” said United Bank Chief Commercial Lending Officer Mike Proctor in a press release. “His extensive commercial banking experience, combined with more than two decades of military and government service, brings tremendous depth and expertise to our team. We’re excited to have his leadership and insight as we continue strengthening how United serves our GovCon clients across the nation’s capital and beyond.”In his new role, Poliquin will lead United’s GovCon lending strategy and a team of specialists, with a focus on deepening client relationships and expanding the Bank’s presence in the government contracting and defense sectors. He will also serve as a subject matter expert across the organization, partnering with bankers across United’s footprint to support GovCon clients and opportunities.“Government contracting has long been an important part of the economy across the Washington region, and we believe it remains an attractive sector for growth,” said United Chief Executive Officer Richard M. Adams, Jr. in a press release “As the needs of these companies continue to evolve, investing in specialized leadership strengthens our ability to build on our established presence, expand how we serve this market, and pursue new opportunities.”Poliquin has a decade of experience in commercial banking, most recently serving as executive director of Aerospace, Defense, and Government Services (ADG) commercial banking at JPMorgan Chase. In this role, he led a team responsible for providing specialized financing and treasury advice to federal government contractor companies across the nation. Previously, he also held senior leadership positions at Bank of America.Prior to his banking career, Poliquin served 24 years in the U.S. Navy, retiring at the rank of Captain in 2013. A Naval aviator, he flew more than 100 combat missions in operations around the world and served in senior leadership positions, including as commanding officer of an F/A-18 Super Hornet squadron, leading more than 250 personnel during two combat deployments. He later joined the Intelligence Community as a program manager at the National Reconnaissance Office and contributed to the development of the Navy’s unmanned aircraft system strategy.“United has a strong foundation in government contracting, and I’m excited about the opportunity to build on that foundation by expanding our industry presence, deepening relationships, and developing a team with specialized expertise focused on serving government contractors,” said Poliquin in the release. “The goal is to be a trusted resource for growth-oriented companies that need a banking partner who understands what they do, where they’re headed and can help them navigate the opportunities and complexities of this market.”Poliquin holds a bachelor’s degree in mathematics from the University of Oklahoma, a master’s degree in national security strategy from the U.S. Naval War College, and an MBA from the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School.
At Family Science Night, Wonder Comes Before Answers.
BAR HARBOR—Family Science Night isn’t really about science. It’s about wonder. It’s about watching a five-year-old realize that the tiny creature under a microscope is a real living thing. It’s about a teenager discovering that the scientist explaining genetics or regeneration isn’t much older than they are. It’s about parents seeing curiosity spread across a child’s face the way excitement spreads across a crowd at a Fourth of July parade. For one evening, families realize that the laboratory isn’t some secretive place where knowledge is hidden behind white coats and closed doors. They learn that the lab is a place their neighbors work, their friends’ parents work, and it becomes a place where questions matter more than answers. It’s a place where wonder is the origin for knowledge. At the lab, children learn that it’s okay not to know. Adults remember that they once asked “Why?” about everything. Scientists are reminded why they fell in love with discovery in the first place. There are experiments, games, obstacle courses, and demonstrations, of course. But those are really just invitations—to touch, to explore, to laugh, to make mistakes, and to ask one more question. In a world that often rewards certainty, Family Science Night celebrates curiosity. And perhaps that’s its greatest gift. Long after the microscopes are packed away and the experiments are over, what families take home isn’t just a few new facts about biology. They take home the feeling that discovery belongs to everyone—that science isn’t something happening somewhere else by someone else. It’s simply what happens when people are given permission to wonder. A Family Science Night at the Mount Desert Island Biological Laboratory is one of those rare community events where children and adults can experience science as something they do, not just something they read about. Hands on discovery allows hands-on learning and joy. Real scientists, some local, some scientist-interns (but still scientists) just in college make science real, approachable, and exciting. And there, complex ideas like forever chemical-filtration, DNA and so much more become not complex. Instead, they become fun. Summer fellows are challenged to explain cutting-edge biomedical research in ways a first-grader—and their grandparent—can understand. Past activities have explored gene expression, kidney function, axolotl regeneration, worms, microplastics, and phytoplankton through games and creative demonstrations. Though it’s called family night, you can also see adults going from station to station, exploring, learning together across ages. Family Science Night reflects the laboratory’s broader mission of breaking down barriers between researchers and the public, helping people understand how scientific discoveries relate to everyday life and the health of Maine’s environment. Family Science Night transforms a world-class research laboratory into a giant interactive classroom, where curiosity is encouraged, questions are celebrated, and families discover that science isn’t just something that happens in a lab—it’s an adventure anyone can join. About MDI Biological Laboratory For more than 125 years, MDI Bio Lab has been a center for training and research in comparative biology. In the last two decades its biomedical research has focused on aging, regeneration, and environmental toxins. The Laboratory houses 11 research groups staffed by an international team of world-class scientists and graduate students. It also leads a statewide network of colleges, universities and research institutions that collaborate to provide training, research experiences and financial support to help young Mainers play a bigger role in today’s biomedical revolution. Located on Maine’s rugged coast, the Laboratory’s 100+ acre campus houses research facilities, cottages and dorms that house visiting scientists and students. It is also home to MDI Bioscience, a subsidiary working to design innovative techniques to speed the drug discovery process. LINKS TO LEARN MORE NIH INBRE MDI BIOLOGICAL LABORATORY Photos: Carrie Jones and Shaun Farrar/Bar Harbor Story HELP SUPPORT THE BAR HARBOR STORY When we started The Bar Harbor Story, we didn’t know if anyone would read it. But you showed up. You shared. You sent tips. Now—over 400,000 views every month later—it’s clear: people here care about their community and each other. We’ve kept everything free because news should never be out of reach, but every one of our stories takes time to write, and your support keeps The Bar Harbor Story going. If you value our work, please consider a paid subscription, a founding membership, or a sponsorship. It truly helps us cover one more meeting, tell one more story, shine one more light. Even $5 a month makes a difference. Click here to become a one-time supporter now. Thank you so much for being here. Founding member information can be found here. Have questions about sponsorships? Just send Shaun an email at sfarrar86@gmail.com, he’d love to hear from you. Subscribe Share Bar Harbor Story Share Leave a comment
Tesla sets up Vietnam unit, registration filing shows
HANOI, Sept 14 (Reuters) - U.S. electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one
Penguins and First National Bank Announce Fourth Annual ‘FNB Small Business Development Camp’ Program for Local Pittsburgh Businesses
The Pittsburgh Penguins and First National Bank, the largest subsidiary of F.N.B. Corporation, will be hosting the fourth annual FNB Small Business Development Camp, designed to assist locally owned small businesses in the Pittsburgh area. Five local businesses will be selected to participate in a six-week training program consisting of
Travelers unit launches business insurance app in ChatGPT
Simply Business, a subsidiary of The Travelers Cos., Thursday launched its business insurance application in ChatGPT in the U.S.
Primary Wave-Partnered Times Music Acquires Catrack Entertainment
Having initially partnered three years back, Primary Wave and Times Music (a subsidiary, though part-owned by Primary Wave, of Indian media conglomerate The Times Group) unveiled their latest play…
Amidst Conflict in the Gulf, Oman's Duqm Drydock Sees Business Boom
The Asyad Group’s Drydock subsidiary, which operates a substantial facility within the inner harbor at Duqm in Oman, has seen a massive expansion of i...
What Does Caesars Entertainment (CZR) Shareholder Approval Mean For Its Privatization?
Caesars Entertainment (NasdaqGS:CZR) shareholders have approved the acquisition of the company by Fertitta Gaming. The vote clears a key hurdle for Caesars to become a wholly owned subsidiary of Fertitta Gaming and to complete its move to private ownership. Regulatory and closing conditions now become the next focus as the transaction advances toward completion. The shareholder approval for Fertitta Gaming's takeover of Caesars Entertainment sits against broader shifts our research has...
India's Mahindra to transfer truck, bus business to SML Mahindra
Mahindra & Mahindra said on Wednesday it would transfer its truck and bus business to listed subsidiary SML Mahindra for 5.25 billion rupees ($54.92 million), consolidating the group's commercial vehicle operations under a single entity.
Lelantos Holdings Transforms Roswell Cinema into 50,000-Square-Foot Airtopia Family Entertainment Destination
Roswell, New Mexico--(Newsfile Corp. - July 31, 2026) - Lelantos Holdings, Inc. (OTCID: LNTO), through its Airtopia Adventure Parks subsidiary,...
Roundup: ExxonMobil / SBA workforce initiative / New HoganTaylor CEO
Anti-trust charges tossed: A Texas Business Court judge dismissed Clean Hydrogen Works’ antitrust claims against ExxonMobil’s Denbury subsidiary, ruling Texas courts cannot address alleged antitrust injuries occurring outside the state. Clean Hydrogen Works alleges Exxon used its control of Denbury’s 620-mile carbon dioxide pipeline network to block a planned $7.5 billion clean-fuels project in Louisiana, […]
DeGrange Joins First Business Bank as VP, Equipment Finance
Jace DeGrange has joined First Business Bank's subsidiary, First Business Specialty Finance as vice president — Equipment Finance.
Ford stock surges 13% on investor optimism for new energy storage business
Investor support for Ford Motor's energy storage business sent its stock soaring 13% Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in the company's efforts around electric vehicles.
Sony's PlayStation disc plant is losing 10 percent of its volume in 2028, not 90
Sony’s PlayStation disc plant is losing 10 percent of its volume in 2028, not 90 Sony won’t license disc pressing to anyone else, Microsoft does, and a former PlayStation boss thinks that’s the whole problem. When Sony DADC chief Dietmar Tanzer spoke with an Austrian broadcaster in July about PlayStation disc production at the Thalgau plant, a number of press outlets misunderstood the report, writing that production would fall to a tenth of current levels. It won’t. Sony DADC confirmed to Game this week that the figure is a 10 percent decline, not a decline to 10 percent. “To clarify and avoid any misleading information: in that statement Dietmar anticipated an overall product volume decline by 10 percent, not a decline down to 10 percent,” a spokesperson with Sony DADC told Game. That figure covers 2028. Tanzer didn’t put a number on the years after, and the spokesperson declined to comment further. What we do know is that on July 1, PlayStation announced that physical game disc production for all new games releasing on PlayStation consoles will be discontinued starting January 2028 and that the transition has no impact on games that have already released in disc format or will be releasing in disc format prior to that month. “So, there will be reorders going to the market after January 2028,” the Sony DADC spokesperson said. “For details around that I would ask you to liaise with the PR team from PlayStation, as we can’t speak or comment on their behalf.” PlayStation officials did not respond to questions about reorders or other disc-related matters. But I did recently speak with Shawn Layden, Game Industry Strategic Advisor and former chairman of SIE Worldwide Studios, who called a future without physical PlayStation discs “depressing, but solvable.” then added, “I think.” The chief hurdle to third-party manufacturing of collector’s editions or any other version of a PlayStation game disc is that Sony owns the proprietary process to press those discs, Layden said. “And unless they decide or determine a way to license that to some of these bespoke disc manufacturers, there’s no way to make it happen,” he said. Layden was careful to add that he understands the concept but doesn’t have “line of sight on the particulars.” “Depressing but solvable, I think.” — Shawn Layden Microsoft already licenses replication to outside plants. Xbox discs are pressed by manufacturers Microsoft certifies as Authorized Replicators, a term defined in its publisher agreements, with the approved list set at the company’s sole discretion and Microsoft retaining the right to halt manufacture. The structure is still in place today: publishers select an Authorized Replicator in Partner Center and submit a bill of materials created with a Microsoft representative. Sony, by contrast, presses PlayStation discs through Sony DADC, its own manufacturing subsidiary. No one I spoke with said they were in discussions with Sony about doing that, and PlayStation hasn’t responded to questions about whether it would be open to a licensing deal. There is an obvious reason Sony might not want to. Niko Partners analyst Daniel Ahmad pointed it out on the day of the announcement: it’s a platform-led decision, he wrote, designed to cut costs, eliminate the resale market, and drive all revenue through the PlayStation Store. The math is not subtle. On a $70 third-party game sold through the PlayStation Store, Sony keeps $21. Sold at retail, Ahmad says, it earns about half that. Licensing disc replication to an outside manufacturer might not be worth it. And even if it were, it seems unlikely that such a deal would come from boutique companies like iam8bit, which sells collector’s editions of video games. “We would absolutely love to find a way forward to continue making physical PlayStation games,” said Jon Gibson, co-owner and co-creative director of the company. “We are big believers in giving humans the option to truly own media. If we can play a role in helping make that a reality for the future of PlayStation games, count iam8bit in!” If it were to happen, it would most likely be with a company like Conectiv Supply Chain Solutions, a Memphis-based manufacturer of optical discs and vinyl records that also runs third-party logistics, fulfillment and distribution for packaged media. The company, which was formed in 2025 when Los Angeles private equity firm Variant Equity Advisors purchased Vantiva’s Supply Chain Solutions division, traces its lineage back to Technicolor. When it sold the division, Vantiva described the business as having served video game creators for more than 25 years. Conectiv is also buying, not shrinking. Last month it acquired SDS, the distributor for Universal and Warner Bros. home entertainment, consolidating those studios’ packaged-media pipeline from pressing plant to retail shelf. I reached out to Conectiv and its CEO, but haven’t heard back. Layden pointed to music and books in our discussion about the ongoing value of physical media. “No one ever saw the comeback of cassette tape,” he said. “And vinyl didn’t so much come back. The flame went down, the fire’s dying, but the ember was always there, and it just kind of came back. Much like the book business. We thought we’d all be on Kindles right now. “I believe that physical media is crucial and important. One of the things that makes us gamers, one of the core game mechanics, going back to the beginning of time, is collecting stuff. “Did you get all the diamonds in Crash Bandicoot? Did you get all the stars in Mario? And we like to collect our games. And we have a game shelf. And we put all our boxes up there. And if you’re super hardcore, when you buy a game, you buy two copies, right? One stays in the shrink wrap, and you play the other one. What happens to that important cultural part of the gaming world? You know, we buy the steelbook and the three-disc Final Fantasy set and the figurine and, you know, you can’t download any of that. “What happens to that?” And Layden believes it shouldn’t have been a revenue question for PlayStation. “This was a core thing to the experience of our most devoted fans,” he said. “Yeah, it’s fan service. Why would we take that away? Well, we can’t afford to. It’s already 120 bucks, you know, limited edition special purchase onyx box version of whatever, and those sell at a higher rate than the box selling at $69.99 does. So yeah, the market has said they will continue to buy them. You’re just saying you just don’t want to make them anymore.” Layden said he was recently talking with someone about these sorts of business decisions and how they’re made. Too often, he said, it’s all about the financials and nothing else. “OK, we can do this and save this much money, or we can invest this to look at that outcome, or we can do this and have this happen over there, or move this team to Sri Lanka,” he said. “But each one of those, someone also has to have a ledger there saying, ‘OK, what is the brand impact from that move?’ “Iif you can’t resell it, do you really own it?” — Shawn Layden “If we do that, dollars and cents work out. I get it. That’s just math. But what’s the brand impact? Are people going to say, ‘Good move, you guys?’ Or are they going to say, ‘We hate you guys. Quit doing that.’ And sometimes they say, ‘We hate you.’ Then you take a note and say, OK, how much of that can we live with? How much ‘we hate you’ is OK. And when does it go over the line? “I see a lot of companies making decisions which, objectively speaking, I don’t know what the dollar end of that was for you, Mr. Company, but your brand value just dropped 30 percent. So I hope it was worth it.” Of course, shifting to a digital-only model for games raises other issues beyond simply wanting to collect. The biggest is ownership. Layden pointed out that once you go to a streaming-only or download-only model, it’s just a digital footprint on a hard drive. “What does ownership mean anymore?” he said. “It’s a genuine question. Well, in fact, it’s not even a question anymore. It’s like you are shifting the model from ownership to accessibility. “And what’s always been true, which people forget, is you’ve never been able to sell your iTunes library. And you can’t sell your PlayStation download library. So if you can’t resell it, do you really own it?” The touching tribute found in the credits for Star Wars Zero Company. Resonance: A Plague Tale Legacy Interview and Hands-On with a Minoan Masterpiece Star Wars Zero Company hands-on: Attack Astromechs, permadeath, and delightfully fatal Rube Goldberg tactics Control Resonant opens up as you get stronger — and as characters start trusting you
Citius Oncology, Inc. Reports Fiscal Second Quarter 2026 Financial Results and Provides Business Update
/PRNewswire/ -- Citius Oncology, Inc. ("Citius Oncology" or the "Company") (Nasdaq: CTOR), the oncology-focused subsidiary of Citius Pharmaceuticals, Inc....
Science Based Targets initiative Appoints McKenna Smith to Lead SBTi Services
The Science Based Targets initiative (SBTi) announced the appointment of McKenna Smith as Managing Director of its target validation unit, SBTi Services. SBTi launched SBTi services in 2024, creating a wholly-owned subsidiary focused on conducting target validations. Organizations develop science-based targets and submit them to SBTi Services, which in turn checks that the emissions reduction targets […]
Bungie Plans Layoffs After Ending ‘Destiny 2’ Development
The Sony subsidiary will focus on ‘Marathon’ rather than jumping directly to ‘Destiny 3’
WELL Health Subsidiary WELLSTAR Announces Conditional Approval for TSXV Listing and Files Filing Statement
WELLSTAR has received conditional approval from the TSX Venture Exchange as a Tier 1 issuer, subject to satisfaction of the TSXV's customary listing conditions, and is expected to commence trading on or around October 1, 2026, under the ticker symbol "WSTR".Vancouver, British Columbia--(Newsfile Corp. - September 28, 2026) - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL"), a digital health company focused on positively impacting health outcomes by leveraging technology to...
Rhelion Life Sciences' Wholly Owned Subsidiary Filament Health to Deliver Oral Comments at FDA Public Hearing on the Potential Future Therapeutic Use of Psychedelic Drugs
Sarit Hashkes, President of Filament Health Corp., will provide oral remarks at the United States Food and Drug Administration public hearing "Considerations for Potential Future Therapeutic Use of Psychedelic Drugs", being held later today, September 14, 2026Toronto, Ontario--(Newsfile Corp. - September 14, 2026) - Rhelion Life Sciences Corp. (CSE: RHEL) (FSE: 4YX0) (OTCQB: TRUFF) ("Rhelion" or the "Company"), an Ontario-based organization advancing innovation and research within the legal...
SNK establishes VS Studio led by Katsuhiro Harada
SNK has announced the establishment of VS Studio, a new game development studio and subsidiary founded by Katsuhiro Harada of Tekken fame.
TiVo Unveils A ‘Conversational AI Experience’ for Entertainment Discovery | Radio & Television Business Report
The television platform subsidiary of HD Radio and DTS AutoStage parent Xperi Inc. has brought to market what it describes as "a new conversational AI-powered entertainment experience designed to transform how operators and entertainment platforms help consumers discover and engage with content across television and streaming environments."
Healthcare Triangle Creates "Purpose Health" to Monetize AI Demand and Accelerate Shareholder Returns
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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.
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Acknowledgments
This report was made possible by The Pew Charitable Trusts. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder. This report is a collaborative effort based on the input and analysis of the following individuals: Research team Jocelyn Kiley, Director, Political ResearchSteven Shepard, Associate Director, Political ResearchHannah Hartig, Senior ResearcherBaxter […]
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