Daily business news: funding, M&A, launches
15 stories: 3 product launches, 2 research updates and 2 earnings reports. Newest first, times in UTC.
Contracts & Customers ·
Jawnt will run the Commonwealth's Qualified Transportation Benefits Program from January 2027, replacing Voya and requiring employees to re-enroll by December 3, 2026.
Leadership ·
Jonathan Garson becomes Pixar president on January 4, 2027, succeeding Jim Morris, who moves to president emeritus.
Research & Clinical Trials ·
Step Pharma will present first preliminary VECTRA phase 2 data on dencatistat in high-risk essential thrombocythaemia at ASH.
Partnerships ·
MegazoneSoft earned Google Cloud Advanced Competencies in Gemini Enterprise and Artificial Intelligence, adding to its September manufacturing recognition.
Earnings & Results ·
Bausch + Lomb grew Q3 2026 revenue 8% on a constant-currency basis to $1.375 billion and cut net leverage to 4.1x from 5.7x a year earlier.
Earnings & Results ·
Pakistan National Shipping reported 2026 revenue of Rs.59.5 billion and net profit of Rs.21.5 billion.
Dividends & Buybacks ·
Grand Canyon Education added $355 million to its share repurchase authorization, leaving $394.5 million available as of November 2, 2026.
Research & Clinical Trials ·
TaiMed Biologics will present 24-week Phase 2a data on its TMB-365/TMB-380 antibody regimen at HIV Glasgow 2026, testing viral suppression.
Regulation & Approvals ·
HUTCHMED's sovleplenib received FDA orphan drug designation for autoimmune hemolytic anemia, its second such designation and a path to 7 years of US exclusivity.
Product Launches ·
VeriSilicon launched GCNanoOptimaV, a 2.5D GPU IP for wearables with stroke and ellipse engines, DECNano 3.0 compression and VGLite compatibility.
Legal & Disputes ·
Levi & Korsinsky is investigating Unum Group's reserve disclosures after a $419.7 million third-quarter net loss and a reserve methodology change.
Mergers & Acquisitions ·
World Copper Holdings acquired 100% of the New Buggy copper-molybdenum-gold project in Chile for $300,000 cash and 3 million shares.
Product Launches ·
Kate Spade launched its Holiday 2026 campaign with Bretman Rock, Sally Carden, 4inthe5 and Micky Gordon, spotlighting the Margot and Duo Mini bags.
Product Launches ·
FP Trading launched its first proprietary iOS and Android app, bundling account management, trading and the FP Trader charting account at no extra cost.
Regulation & Approvals ·
UnionBank is ready to inject capital into UnionDigital if the central bank rejects its relief request.