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- Published: 2025-01-08Source: gstar28
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Samsung announced that it has invested in Generate: Biomedicines (Generate) as part of its efforts to drive growth and innovation in the biopharmaceutical sector. Investment highlights Samsung’s dedication to advancing innovation and creating a robust ecosystem for AI-enabled therapeutic development. The investment was made through the Samsung Life Science Fund, which was created jointly between Samsung Biologics, Samsung C&T, and Samsung Bioepis, and managed by Samsung Venture Investment Corporation. Established in 2021 and worth KRW 240 billion, the fund has invested in biotech companies with promising technologies. Generate, founded by Flagship Pioneering, is a US-based clinical stage company leading in generative biology. The company applies AI-based optimization and de novo generation to discover and design novel protein therapeutics, and has a robust pipeline of approximately 20 programs from preclinical to clinical development across oncology, immunology, and infectious diseases. “We see great potential in Generate to develop first- and best-in-class therapeutics,” said John Rim, President and CEO of Samsung Biologics. “Leveraging Generate’s strengths in AI and machine learning, we look forward to creating an ecosystem for development, manufacturing, and R&D collaboration to advance next-generation medicines in areas with unmet needs.” “Funding from leading partners like Samsung enables us to continue advancing our platform, generating high-quality data, and empowering our exceptional team to tackle some of the toughest challenges in human health,” said Mike Nally, CEO of Generate:Biomedicines. “With clinical programs already in progress and plans to add three to six more within the next 18 months, we are turning technological promise into tangible outcomes.” Samsung Biologics is a fully integrated, end-to-end CDMO service provider, offering seamless development and manufacturing solutions from cell line development to final aseptic fill/finish as well as laboratory testing support for the biopharmaceutical products we manufacture. Our state-of-the-art facilities are cGMP compliant with bioreactors ranging from small to large scales to serve varying client needs. Maximizing operational efficiency and expanding our capabilities in response to growing biomanufacturing demand, Samsung Biologics offers a combined 604 kL total capacity at Bio Campus I. The company launched Bio Campus II with the construction of Plant 5, which will be operational in April 2025, adding 180 kL biomanufacturing capacity. Additionally, Samsung Biologics America enables the company to work in closer proximity to clients based in the US and Europe. We continue to upgrade our capabilities to accommodate our clients by investing in a dedicated ADC facility, mRNA technologies, and additional aseptic filling capacity. As a sustainable CDMO partner of choice, we are committed to on-time, in-full delivery of the products we manufacture with our flexible manufacturing solutions, operational excellence, and proven expertise.Call for unity as synagogue firebombing investigated
Navy will play Oklahoma of the powerful SEC in the Lockheed Martin Armed Forces Bowl on Dec. 27 in Fort Worth, Texas.
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New York Jets extend the most unwanted streak in US sports with agonizing overtime loss to Miami Dolphins
Rookie Isaac Guerendo has been elevated to the 49ers’ starting running back after San Francisco had to put both Christian McCaffrey and backup Jordan Mason on the IR on the same day. The news of McCaffrey’s time out because of injury was not a shock, but the news of Mason’s injury appeared to catch many off guard. Mason was placed on the injured reserve with a high ankle sprain leaving Guerendo as the top back in the 49ers depth chart. Mason’s injury occurred during Sunday’s loss to the Bills and he will miss a minimum of four games. Guerendo has recorded 42 carries for 246 yards in 12 games this season, while putting up two touchdowns and making five catches for 19 yards. The injury to Mason is a tough blow for a 49ers team that was already preparing itself to miss more time without McCaffrey, who suffered a PCL injury in his right knee. Niners head coach Kyle Shanahan told reporters on Monday that McCaffrey won’t need surgery. “I just feel for him,” Shanahan said, per ESPN. “It was a real frustrating year for him. He worked his ass off to get back to this point and I think he was really feeling good and about to take off. He just had that real unfortunate injury last night. I know he’s as crushed as anyone but he’ll get through this. He’s a hell of a player, a hell of a person and an unbelievable 49er. And he’ll be back stronger than ever next year to help us.” Guerendo had been selected by the 49ers in the fourth round of the draft earlier this year out of Louisville and one of his two rushing TDs came in Sunday’s loss to the Bills. He had the 49ers lone touchdown on Sunday night when he ran on second-and-8 in the third quarter.
NoneWatch: Donald Trump's granddaughter Kai performs iconic 'YMCA' dance on private jet
How Blockchain is Revolutionizing Forex TradingThe Dow climbed one percent to a second straight all-time closing high on news of the selection of hedge fund manager Scott Bessent to lead the critical economic policy position. A widely respected figure on Wall Street, Bessent is seen as being in favor of growth and deficit reduction policies and not known overly fond of trade tariffs. The market "breathed a sigh of relief" at Bessent's selection, said Art Hogan from B. Riley Wealth Management. But after an initial surge Monday, the gains in US equities moderated somewhat. While investors are enthusiastic about the possibility of tax cuts and regulatory relief under Trump, "we do have to face the potential for tariffs being a negative as well as a very tight market around immigration, which is not positive for the economy," Hogan said. Earlier, equity gains were limited in Europe as growth concerns returned to the fore with Germany's Thyssenkrupp announcing plans to cut or outsource 11,000 jobs in its languishing steel division. Currently around 27,000 people are employed in the steel division, which has been battered by high production costs and fierce competition from Asian rivals. Elsewhere, crude oil prices fell decisively as Israel's security cabinet prepared to decide whether to accept a ceasefire in its war with Hezbollah, an official said Monday. The United States, the European Union and the United Nations have all pushed in recent days for a truce in the long-running hostilities between Israel and Hezbollah, which flared into all-out war in late September. Speaking on condition of anonymity, an Israeli official told AFP the security cabinet "will decide on Tuesday evening on the ceasefire deal." And bitcoin's push toward $100,000 ran out of steam after coming within a whisker of the mark last week, on hopes that Trump would enact policies to bring the cryptocurrency more into the mainstream. Bitcoin was recently trading under $96,000, having set a record high of $99,728.34 Friday -- the digital currency has soared about 50 percent in value since Trump's election. This week's data includes a reading of consumer confidence and an update of personal consumption prices, a key inflation indicator. Those reporting earnings include Best Buy, Dell and Dick's Sporting Goods. New York - Dow: UP 1.0 percent at 44,736.57 (close) New York - S&P 500: UP 0.3 percent at 5,987.37 (close) New York - Nasdaq: UP 0.3 percent at 19,054.84 (close) London - FTSE 100: UP 0.4 percent at 8,291.68 (close) Paris - CAC 40: FLAT at 7,257.47 (close) Frankfurt - DAX: UP 0.4 percent at 19,405.20 (close) Tokyo - Nikkei 225: UP 1.3 percent at 38,780.14 (close) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,150.99 (close) Shanghai - Composite: DOWN 0.1 percent at 3,263.76 (close) Euro/dollar: UP at $1.0495 from $1.0418 on Friday Pound/dollar: UP at $1.2564 from $1.2530 Dollar/yen: DOWN at 154.23 yen from 154.78 yen Euro/pound: UP at 83.51 pence from 83.14 pence West Texas Intermediate: DOWN 3.2 percent at $68.94 per barrel Brent North Sea Crude: DOWN 2.9 percent at $73.01 per barrel bur-jmb/dw
BEIJING , Dec. 8, 2024 /PRNewswire/ -- At the end of 2024, we take a look back at the Chinese economy's performance this year. China's domestic GDP grew by 5.3 percent year-on-year in the first quarter, 4.7 percent in the second quarter and 4.6 percent in the third quarter this year, with an average growth rate of 4.8 percent in the first three quarters. Since September, as a package of incremental policies continues to yield its effects, China's economy maintains an upward trend. Overall, we are fully confident in achieving our economic growth goal this year. The country's economic performance has been hard-won. Externally, transformations around the world unseen in a century are unfolding at a greater pace, with global economic growth remaining sluggish, and the complexity, severity and uncertainty of the external environment on the rise. At home, domestic demand is insufficient, social expectations remain weak and there are difficulties associated with structural adjustments. The situation is severe and complex, and the task is difficult and weighty. However, under the strong leadership of the Communist Party of China Central Committee with Comrade Xi Jinping at its core, Chinese localities and government agencies are more confident and are taking solid steps to deliver outcomes. The results underscore that "fundamentals of the Chinese economy, and favorable conditions such as a vast market, strong economic resilience and great potential remain unchanged." Huge market, vast space Markets are the scarcest resource. The modernization achieved by 1.4 billion Chinese people has resulted in the addition of a new super-large market larger than those of all developed countries combined. The new development paradigm will enable China to fully unlock its market potential and create greater demand for other countries. With a new car rolling off production line on November 14 , China's annual production of new energy vehicles (NEVs) surpassed the 10 million milestone, becoming the first country in the world to do so. Behind the number is China's robust supply and demand. In the first 10 months, China's production and sales of NEVs grew by 33 percent and 33.9 percent year-on-year, respectively. China continues to take the lead in the electrification and intelligence transformation of the automotive industry, which is attributed to the supply, policy support and demand advantage in the ultra-large market. Markets bring valuable business opportunities. Take cars for example. By the end of June, China had 345 million cars, but the country's car ownership level per 1,000 residents is less than half of that in developed countries. Additionally, China's NEV ownership is only 24.72 million, which means continuous demand in the future. Markets breed competition advantages. China's vast market contributes to the formation of "economy of scale" and "economy of scope," which generates greater profits for enterprises and reduces innovations costs, and also helps provide a large number of application scenarios and boost the large-scale application of innovations. China leads the world in batteries, motors and electronic control technologies, while its intelligent cockpits and intelligent driving are internationally advanced. Thanks to the benign interactions between supply and demand, the industrialization of new technologies and new products is speeding up. Strong resilience, solid basis Resilience strengthens self-belief. China has come to where it is today after overcoming all kinds of difficulties and challenges. Foreign trade is an important barometer in this regard. In the first 10 months of the year, China's foreign goods trade rose by 5.2 percent year-on-year to reach a new high compared with the same period historically. The improvement in the quality and efficiency of the country's foreign trade against the backdrop of shrinking external demand reflects China's economic resilience. This resilience originates from China's solid manufacturing basis and industrial chain advantages. "We could not do what we do without them," Apple CEO Tim Cook said of Chinese suppliers during his third visit to the Chinese mainland this year, as over 80 percent of Apple's 200 major suppliers have set up factories in China . China has the world's most comprehensive industrial categories and a well-rounded industrial system, with the scale of manufacturing industry ranking top for 14 consecutive years. The high-end, intelligent and green development of the manufacturing sector continues to strengthen the stability of the country's industrial and supply chain. In the first three quarters, the manufacturing industry contributed 32.2 percent to the country's economic growth, up 11.2 percentage points. China moved up to 11th place in the ranking of the world's most innovative economies. The basis is solid, and risks and challenges are not to be feared. Resilience also comes from excellent policy adjustments. The nation has been strengthening counter-cyclical adjustments, accelerating the implementation of major national strategies and the development of securities capabilities in key areas while supporting large-scale equipment upgrades and trade-in policies for consumer goods with robust measures, boosting the stabilization of the property market and galvanizing the capital market. The government has also put forward a package of measures to dissolve local government debt risks. This year, a series of existing policies continue to produce effects and incremental policies are being effectively implemented, jointly helping the economy stabilize. Vast potential, strong momentum China's economy has vast potential and many advantages and favorable conditions for sustaining long-term development momentum. China has been the world's second-largest economy for many years, but still has vast development potential in terms of per capita and structure. China's per capita GDP remains relatively low, and the country's amount of infrastructure per capita is only 20-30 percent of that of developed countries. In 2023, China's urbanization rate, which measures the ratio of permanent urban residents relative to the total population, reached 66.2 percent by the end of 2023. Estimates show that each percentage point increase in the urbanization rate could drive 1 trillion yuan ( $137.55 billion ) in investment. Currently, both China's fiscal deficit ratio and government debt ratio are low, and the country's policy toolbox remains well-stocked. The potential also lies in elementary resources. China's human resources in science and technology ranked first in the country and the average length of education received by new entrants into the workforce has increased to 14 years, turning the demographic dividend into a talent dividend. In addition, overall sufficient social capitals, vast room for the highly efficient use of land and the vast unleashing of the potential of digital elements provide solid foundational support. This potential also comes from the huge market. The country's population of over 1.4 billion and middle-income population of over 400 million support a large-scale, diverse and huge domestic market. Accelerating the building of a unified national market will improve overall economic operation efficiency and continuously unleash the potential of domestic demand. Overall, China is a country with vast territory, a large population and unbalanced and uncoordinated development. This is a shortcoming, but also represents potential and a driving force for future development. Sparking vitality and building synergy through reform is essential to continuously unleashing development potential. From implementing regulations for fair competition reviews, accelerating the legislative process of the law on the promotion of the private economy and formulating normal communication mechanisms between governments and enterprises, to releasing a new national negative list for foreign investment and removing all market access restrictions for foreign investors in the manufacturing sector, China's reforms in key fields continue to deepen this year and high-level opening-up advances in an in-depth way. The third plenary session of the 20th Central Committee of the Communist Party of China adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization. Driven by reform of the economic system, China is correspondingly boosting reform in other fields, and the internal development momentum and vitality will continue to strengthen. Reviewing allows a clear understanding of the situation and better moving forward. While some major economies experience low growth rates and high inflation this year, China is expected to achieve its economic growth target of around 5 percent, and continue to contribute around 30 percent to world economic growth. This stable performance underlines the fact that China's economy will continue to remain on a positive trajectory over the long run. The story was originally published on the front page of the People's Daily on December 8, 2024 View original content: https://www.prnewswire.com/news-releases/global-times-peoples-daily-article-says-favorable-conditions-for-chinas-economic-development-remain-unchanged-302325568.html SOURCE Global Times
Members who served in peacekeeping mission in Sarajevo gather at Canadian War Museum“El Área Metropolitana ha sido un error”: exgobernadora del Valle
Rookie Isaac Guerendo has been elevated to the 49ers’ starting running back after San Francisco had to put both Christian McCaffrey and backup Jordan Mason on the IR on the same day. The news of McCaffrey’s time out because of injury was not a shock, but the news of Mason’s injury appeared to catch many off guard. Mason was placed on the injured reserve with a high ankle sprain leaving Guerendo as the top back in the 49ers depth chart. Mason’s injury occurred during Sunday’s loss to the Bills and he will miss a minimum of four games. Guerendo has recorded 42 carries for 246 yards in 12 games this season, while putting up two touchdowns and making five catches for 19 yards. The injury to Mason is a tough blow for a 49ers team that was already preparing itself to miss more time without McCaffrey, who suffered a PCL injury in his right knee. Niners head coach Kyle Shanahan told reporters on Monday that McCaffrey won’t need surgery. “I just feel for him,” Shanahan said, per ESPN. “It was a real frustrating year for him. He worked his ass off to get back to this point and I think he was really feeling good and about to take off. He just had that real unfortunate injury last night. I know he’s as crushed as anyone but he’ll get through this. He’s a hell of a player, a hell of a person and an unbelievable 49er. And he’ll be back stronger than ever next year to help us.” Guerendo had been selected by the 49ers in the fourth round of the draft earlier this year out of Louisville and one of his two rushing TDs came in Sunday’s loss to the Bills. He had the 49ers lone touchdown on Sunday night when he ran on second-and-8 in the third quarter.SEC QB to Enter College Football Transfer Portal
Her colleagues at the University of Nebraska at Kearney call her a “dream hire” who “truly embodies the meaning of being a teacher-scholar.” The students she’s taught describe her as enthusiastic, caring and knowledgeable — the “best teacher I’ve ever had here.” Brooke Envick was recognized Friday with the Leland Holdt/Security Mutual Life Distinguished Faculty Award, the university’s most prestigious faculty honor. Named after UNK alumnus Leland Holdt, the annual award is presented during winter commencement to an individual who demonstrates excellence in teaching, research and service. It comes with a $5,000 stipend. A UNK alumna, Envick earned a bachelor’s degree in management and master’s degree in business administration, then completed a doctorate in organizational behavior at the University of Nebraska-Lincoln. She taught at St. Mary’s University in San Antonio, Texas, for nearly 20 years before returning to Kearney in 2017 and becoming the third generation of her family to teach at UNK. Currently, she’s a professor in the Department of Management, an associate dean of engagement and retention and an associate dean of faculty and strategic initiatives. “When Dr. Envick agreed to join the CBT leadership team, I was thrilled,” Tim Jares, dean of the UNK College of Business and Technology, said. “She is thoughtful and hardworking and will work tirelessly to help our students have a better future.” As a teacher, Envick emphasizes active learning and innovation, engaging students in the knowledge-construction process. Her classes often include experiential learning exercises that encourage student engagement and development. For example, students created their own board games in her Creativity and Innovation course, and they generate growth plans for small businesses in the Small Business Management class. “Her students have praised her ability to expand on class material by bringing in examples of real-world applications. She also does a great job of connecting with her students and making the material enjoyable to learn,” noted Kyle Luthans, a professor and chair in the Department of Management. Their course evaluations support this statement. “Professor Envick is really good about getting students to engage. The concept of the class is different and very innovative, so I was nervous about it because I don’t see myself as creative. She made me excited to come to class and speak up about my ideas,” one student wrote. “She does a great job of applying the information to the real world. She is very knowledgeable about the stuff she teaches us. She also is very passionate about the subjects she teaches. I wish she taught more of my classes,” another remarked. Envick has received numerous teaching accolades during her career, including the UNK College of Business and Technology Outstanding Teaching Award and the Outstanding Educator Award for Innovative and Creative Teaching from the Academy of Educational Leadership. She also supports students as an undergraduate research mentor and supervisor for graduate-level capstone projects. With a focus on entrepreneurship and small business management, Envick’s research complements her classroom instruction. She has more than 30 peer-reviewed journal publications, and her research has been cited over 800 times. Envick served as an editorial review board member for the Global Journal of Entrepreneurship and Journal of Organizational Leadership and as a reviewer for the Mountain Plains Journal of Business and Technology. She has presented at numerous conferences and received multiple Distinguished Research Awards from the Institute of Global Business Research and Academy of Entrepreneurship. Her work was featured in UNK’s New Frontiers magazine highlighting the best research and creative activity on campus in 2022. “Dr. Envick’s track record in scholarship is just as impressive as her exceptional teaching. The fact that many of her articles grew from projects in her classes clearly illustrates how important the teacher-scholar model has been in guiding her career and how foundational it is to her as a professional,” Jares said. Envick is a member of the University of Nebraska’s “Developing Excellence in Academic Leaders” program and she serves on committees at both the campus and system levels, including the NU President’s Excellence Awards Committee, UNK Enrollment Steering Committee and UNK chancellor search committee. “If every faculty member in CBT, or at UNK, displayed her level of energy and commitment, the sky would surely be the limit for us,” Jares said. Get our local education coverage delivered directly to your inbox.
