Home / Regions / Americas / United States

United States News

Real Estate;Construction

Vacant Brooklyn site reactivated into USD 48 million supportive housing asset for seniors

A long-vacant site in East Flatbush, Brooklyn, has been converted into a 57-unit affordable and supportive housing asset for seniors, backed by a USD 48 million blended capital stack. The all-electric development integrates on-site health coordination and places 18 units with formerly homeless individuals, signaling continued public investment in housing-linked care models.

United States | 2 days ago

Pharmaceuticals

Eli Lilly targets infectious disease prevention through acquisitions of Curevo, LimmaTech, and Vaccine Company

Eli Lilly and Company has announced separate agreements to acquire Curevo Inc., LimmaTech Biologics AG, and Vaccine Company, Inc. The multi-firm transactions pivot the pharmaceutical manufacturer toward specialized vaccine technology platforms.

2 days ago • United States

Mergers & Acquisitions

Roche strengthens digital oncology diagnostics with acquisition of PathAI for $750 million upfront

Roche has signed a definitive merger agreement to acquire digital pathology and artificial intelligence developer PathAI for $750 million upfront and up to $300 million in milestone payments, scaling its automated clinical workflows globally.

2 days ago • Switzerland;United States

Industrial Goods

Graco expands industrial dispensing portfolio with $447 million cash acquisition of Valco Melton

Graco Inc. has signed a definitive agreement to purchase adhesive application and quality monitoring specialist Valco Melton for $447 million in cash. The transaction strengthens Graco's position in the industrial packaging and precision manufacturing supply chains.

2 days ago • United States

Investments & Funding

BAE Systems allocates USD 135 million to expand domestic defense electronics and munitions manufacturing capacity

According to official disclosures, BAE Systems has launched a USD 135 million self-funded capital improvement initiative across its Texas and New Hampshire facilities. The infrastructure investment aims to modernize workspace efficiency and accelerate production scale for precision munitions and aerospace defense systems.

2 days ago • United States

Hospitals & Healthcare

VA allocates $596 million for medical facility upgrades as FY 2026 non-recurring maintenance budget hits record $4.8 billion

The Department of Veterans Affairs approved $596 million in infrastructure improvements for Q2 FY 2026, part of a record $4.8 billion annual non-recurring maintenance budget. Funds will modernize VA medical facilities, addressing outdated systems and supporting future electronic health record updates.

2 days ago • United States

Mergers & Acquisitions

Grant Thornton acquires MCA Connect to strengthen AI and supply chain advisory for manufacturers

Grant Thornton Advisors LLC has signed an agreement to acquire MCA Connect, a Denver-based Microsoft top-tier partner. The move expands the firm’s technology and supply chain capabilities for manufacturing and distribution clients amid rising AI adoption and governance gaps in the sector.

2 days ago • United States

Investments & Funding

Microsoft commits USD 50 billion to Global South AI infrastructure amid warning of widening economic divide

Microsoft has announced plans to invest USD 50 billion by decade-end to expand artificial intelligence access across the Global South. The commitment, paired with new skilling targets and localized evaluation tools, responds to data showing AI adoption in developing economies trails the Global North by a factor of nearly two.

6 days ago • India;United States

Investments & Funding

IBM and US Commerce Department structure standalone quantum foundry Anderon with combined USD 2 billion commitment

IBM and the U.S. Department of Commerce have signed a letter of intent to establish Anderon, a standalone pure-play quantum chip foundry. Backed by USD 1 billion in CHIPS incentives and a matching USD 1 billion from IBM, the Albany-based entity aims to anchor domestic quantum wafer manufacturing and strengthen national supply chains.

6 days ago • United States

Navy

Arcfield secures first major undersea warfare contract post Rite-Solutions acquisition with USD 75 million US Navy award

Arcfield has won a USD 75 million follow-on contract to continue supporting the US Navy's submarine combat control systems program. The five-year award, channeled through recently acquired Rite-Solutions, cements Arcfield's expanded role in undersea warfare engineering and next-generation platform modernization.

6 days ago • United States

Airports & Aviation

Milwaukee Mitchell International Airport secures $8 million FAA grant to advance terminal consolidation project

Milwaukee Mitchell International Airport has been awarded an additional $8 million in federal funding from the FAA to support the ongoing redevelopment of Concourse E. The grant increases total federal backing to $21.5 million for the project, which will consolidate international arrivals into the main terminal by late 2027.

7 days ago • United States

Air Force

US Air Force awards $15.6 million contract to AEVEX for unmanned aircraft and system integration

The United States Air Force has secured a $15.6 million contract with AEVEX Corp. to advance its unmanned aircraft capabilities. The initiative focuses on deploying long-range, high-capacity autonomous platforms and modular airborne systems to enhance military readiness and operational flexibility.

7 days ago • United States

Engineering & EPC

Bowman secures marine engineering contract for Philadelphia cruise terminal development

Bowman has been selected to lead the waterside design and infrastructure development for a new cruise terminal at the Port of Philadelphia. The project is part of a larger $50 million capital initiative to accommodate major cruise vessels on an accelerated timeline.

7 days ago • United States

Biotechnology

Eli Lilly acquires preclinical biotechnology firm Engage Biologics for $202 million to bolster genetic medicine pipeline

Eli Lilly and Company has acquired preclinical biotechnology developer Engage Biologics Inc. in a transaction valued at up to $202 million in cash. The structured acquisition incorporates an upfront payment followed by milestone contingent disbursements to secure advanced non-viral DNA delivery technology.

7 days ago • United States

Hospitals & Healthcare

Medtronic expands pain management portfolio with $650 million acquisition of SPR Therapeutics

Medtronic has announced its intent to acquire medical technology firm SPR Therapeutics for an upfront cash payment of approximately $650 million. The deal will integrate a short-term, minimally invasive peripheral nerve stimulation system into Medtronic's neuromodulation business during the first half of its fiscal year 2027.

7 days ago • Ireland;United States

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.