News

London – – September 25, 2026 -- Nscale Limited has closed a $3.36 billion convertible loan note financing led by Third Point, with NVIDIA committing an additional $1 billion tranche expected to fund in mid-November 2026.

Nscale secures $2.36 billion at initial closing, with NVIDIA's $1 billion tranche to follow

The financing structure splits into two tranches: a $2.36 billion initial close and a subsequent $1 billion commitment from NVIDIA. Goldman Sachs & Co. LLC acted as placement agent for the round.

Seattle – September 25, 2026 -- McGee Air Services has elected Ben Reed as President, effective Oct. 1, formalizing a role he has held on an interim basis for six months. Reed will oversee more than 3,200 employees managing ground services for Alaska Airlines' subsidiary across six airports.

Reed takes permanent control after six-month interim tenure

Reed was named interim President in March 2026 following his prior stint as managing director of operations at McGee's Seattle station, a post he held from November 2025 until his interim appointment. The board's decision converts that interim mandate into a full presidency starting Oct. 1, 2026.

San Antonio – September 25, 2026 -- Alta Home Lending has been selected by DRB Group, one of the nation's largest homebuilders, as its mortgage joint venture partner for the West, following a competitive search and extensive due diligence. The new venture, DRB Home Loans, will serve DRB homebuyers in Texas, Colorado and Arizona. DRB Group announced the partnership on September 23, 2026.

DRB Group ran Alta through builder-community reference checks before committing

Matt Wolf, VP of Financial Services at DRB Group, said the company vetted Alta through a rigorous process, including calls to references across the builder community. He said Alta's performance history held up and that the firm structured the venture around how DRB actually runs its business rather than applying a standard model.

Oulu, Finland – September 25, 2026 -- iLOQ, the Finnish smart access technology company that reported €150 million in turnover in 2025, has launched a new global brand campaign featuring Formula 1 World Champion Kimi Räikkönen and his son Robin Räikkönen.

Campaign extends a multi-year sponsorship from Kimi to the next generation of the Räikkönen family

Titled "The Next Generation Is Coming," the campaign builds on iLOQ's longstanding partnership with Kimi Räikkönen, now extended to Robin as he develops his own career in karting. Kimi Räikkönen retired from Formula 1 in 2021 after a career spanning more than two decades and now supports Robin as a mechanic, describing his role as offering options rather than instructions during Robin's development on the track.

Hollywood, Fla. – September 25, 2026 -- The South Broward Hospital District Board of Commissioners has unanimously voted to maintain its millage rate at 0.0805, the lowest level in the district's recorded history, even as Memorial Healthcare System expands facilities and services across South Florida.

Board keeps tax rate unchanged after 15 years of cuts

The 0.0805 rate was first set in 2025 following 15 consecutive years of millage rate reductions. The decision to hold the rate steady comes despite rising healthcare costs and broader industry cost pressures facing hospital systems.

"Maintaining the lowest tax rate in the district's history reflects our commitment to being responsible with taxpayer dollars," said Elizabeth Justen, chair of the South Broward Hospital District Board of Commissioners.

Bad Homburg, Germany – September 25, 2026 -- Fresenius Medical Care will exit its peritoneal dialysis business in China and discontinue local production and sales of its 4008A hemodialysis system, triggering one-time costs of approximately €110 million in the third quarter of 2026.

The charge, tied to impairment, scrappage and termination costs, will be treated as a special item and is not expected to meaningfully affect the future revenue outlook for the China business within the Company's Care Enablement segment.

China accounts for 6-7% of Care Enablement segment revenue

Fresenius Medical Care has operated in China for more than two decades, a market the Company says offers long-term growth tied to rising chronic kidney disease prevalence and expanding dialysis care.

Uppsala – September 25, 2026 -- Nanexa AB has signed a global exclusive license and collaboration agreement with Novo Nordisk worth up to EUR 1.165 billion, granting the Danish pharmaceutical giant rights to the Swedish company's PharmaShell atomic layer deposition (ALD) drug delivery platform for peptide-based treatments in obesity, type 2 diabetes and other cardiometabolic diseases.

Novo Nordisk gains rights to up to five development programs under the deal

The agreement covers formulations targeting monthly and quarterly administration frequencies, reducing dosing burden for chronic metabolic and cardiovascular disease patients. Novo Nordisk will lead global development and commercialization across all programs, while Nanexa retains eligibility for milestone-based payments tied to development, regulatory and sales achievements.

Johannesburg – September 25, 2026 -- Sasol Limited confirmed that non-executive director Rhidwaan Gasant has resigned from the Board for personal reasons, effective immediately upon acceptance on 25 September 2026.

Board accepts resignation under JSE disclosure rules

The change was disclosed in compliance with paragraph 6.71 of the JSE Listings Requirements and paragraph 6.42 of the JSE Debt and Specialist Securities Listings Requirements, which mandate shareholder and noteholder notification of director departures.

Gasant exits Audit and Remuneration Committee roles

Alongside his board resignation, Gasant steps down from his positions on Sasol's Audit Committee and Remuneration Committee, effective the same date.

Board Chairman Ms Dube thanked Gasant for his service and contribution during his tenure, citing the insights and experience he brought to board deliberations.

Hamburg – September 25, 2026 -- Envision Energy has secured an IEC 62443-3-3 Security Level 2 (SL2) certificate from TÜV SÜD for its wind farm control system, covering SCADA, PPC, PLC and industrial network devices. The certification was announced during WindEnergy Hamburg 2026 and extends independently validated cybersecurity capabilities from individual control components to the full wind farm system level.

Certification covers system-wide security mechanisms across SCADA, PPC and PLC

IEC 62443-3-3 is a globally recognized standard focused on system-level security requirements, assessing how components, networks and security mechanisms function together within an overall control system. The TÜV SÜD certificate provides third-party validation that Envision Energy's wind farm control architecture meets these system-level requirements.

Alpharetta – September 25, 2026 -- Hoonr, an AI-first Workforce Orchestration platform, has secured three Fortune 500 enterprise clients within five months of its April 2026 launch, spanning life sciences, professional services and engineering sectors.

Three Fortune 500 firms select Hoonr's AI sourcing and analytics tools

The wins mark early validation for the platform's Direct Sourcing and Workforce Orchestration capabilities, which target enterprises managing fragmented technology stacks across their talent operations.

Hoonr launches full-cycle Freelance Management System for global contractor operations

The new FMS covers sourcing, engagement, onboarding, management and analytics for independent talent worldwide, positioning Hoonr to compete for enterprise budgets currently split across disconnected freelance tools.