News

Copenhagen – – September 21, 2026 -- Lightera has committed major capital to expand submarine optical fiber manufacturing in Denmark and the United States, a move set to nearly triple production capacity by 2029.

Lightera targets tripled output to meet surging subsea bandwidth demand

The expansion covers Lightera's manufacturing centers in Brøndby, Denmark, and Norcross, Georgia, which supply optical fiber for undersea communications networks worldwide. Company CEO Holly Hulse said the investment secures existing customer commitments while preparing capacity for future submarine cable programs.

Pune, India – September 21, 2026 -- The global pharmaceutical logistics market is set to nearly double from approximately $100.0 billion in 2025 to $194.0 billion by 2034, expanding at a 7.7% compound annual growth rate, according to a new report from Maximize Market Research.

Cold-chain demand for biologics and vaccines drives infrastructure investment

Growth is being fueled by rising volumes of biologics, vaccines, specialty medicines and clinical trial materials that require validated temperature control. Logistics providers are investing in refrigerated transportation, specialized cold storage warehousing and real-time temperature monitoring to protect product integrity across international drug distribution networks.

Teaneck, N.J. – September 21, 2026 -- LX Pantos Americas has secured a regional sponsorship of the VMA26 International Trade Symposium, set for October 13-15 at the Hilton Norfolk The Main in Norfolk, Virginia, as the logistics operator deepens its bet on Virginia as a gateway for Korean-linked trade.

LX Pantos Americas ties sponsorship to expanding Virginia footprint

The company has signed Memorandums of Understanding with The Port of Virginia and the Virginia Economic Development Partnership (VEDP), formalizing cooperation on trade growth, supply chain innovation and economic development in the Commonwealth.

Phoenix – September 21, 2026 -- Cosign, a third-party guarantor platform and cosigner alternative, has launched in the Phoenix-Mesa-Chandler metro area as apartment vacancy in the region holds near a post-Great Recession high of 10.8%, according to CoStar data cited by the company.

Vacancy remains elevated despite pullback from 12.6% peak

Maricopa County and the broader Phoenix-Mesa-Chandler MSA rank among the nation's top 10 highest-vacancy markets, alongside Sun Belt peers Austin, Charlotte and San Antonio. Asking rents in the metro fell 1.2% over the past year, and operators are increasingly turning to concessions, with 10 or more weeks of free rent now common at newly built communities.

Dallas – September 21, 2026 -- The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite quantity contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), following a second flight test that demonstrated the missile's ability to engage moving maritime targets.

Contract moves PrSM Increment 2 from testing into full production

The IDIQ covers initial procurement, future orders, follow-on production and continued development of PrSM Increment 2. Work will be performed at Lockheed Martin facilities and across the company's U.S. industrial base.

Houston – – September 21, 2026 -- Eli Lilly and Company (NYSE: LLY) has broken ground on a $6.5 billion manufacturing site in Houston, Texas, that will produce active pharmaceutical ingredients for Foundayo (orforglipron), the company's first synthetic oral GLP-1 medicine for weight management.

Houston site becomes Lilly's fifth domestic API facility since 2020

The plant is one of ten U.S. manufacturing sites Lilly has announced since 2020 and the fifth dedicated to producing active pharmaceutical ingredients domestically. The investment falls under Lilly's broader $50 billion initiative to reshore medicine production in the United States and export American-made drugs globally.

Drayton Valley – September 21, 2026 -- Weyerhaeuser Company (NYSE: WY) has committed $1 million in multi-year investment to Drayton Valley, Alberta, marking the first Canadian community selected for its Thrive rural-development program.

Weyerhaeuser designates Drayton Valley as first Canadian Thrive community

The investment will be deployed over several years with input from local officials, business leaders, nonprofits and employees. Weyerhaeuser has operated a sawmill in the town of roughly 8,000 people, located 90 minutes southwest of Edmonton, for nearly 40 years, following a $23 million production-upgrade investment announced in 2013.

Warren, N.J. – September 21, 2026 -- PTC Therapeutics, Inc. (NASDAQ: PTCT) has completed its acquisition of ST-920, a BLA-stage, one-time AAV gene therapy for Fabry disease, from Sangamo Therapeutics, Inc.

PTC targets Q4 2026 completion of rolling BLA submission for accelerated approval

The company confirmed that a rolling Biologics License Application submission to the FDA seeking accelerated approval of ST-920, also known as isaralgagene civaparvovec, is expected to be completed in the fourth quarter of 2026.

Toronto – September 21, 2026 -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will have 8,000,000 Class A Non-cumulative Rate Reset Preferred Shares Series 10R issued and outstanding as of September 30, 2026, after a share conversion process eliminated its floating-rate Series 11QR class entirely.

Taipei – September 21, 2026 -- EVA Air secured three No. 1 titles at the 2026 SKYTRAX World Airline Awards -- World's Best Premium Economy Class, World's Best Premium Economy Class Airline Amenities, and World's Most Family Friendly Airline -- while logging 18 Top Ten rankings overall and retaining its SKYTRAX 5-Star Airline rating for an 11th consecutive year.

Carrier sweeps premium economy categories as segment growth accelerates

SKYTRAX CEO Edward Plaisted noted that EVA Air introduced Premium Economy in 1992, positioning the Taiwanese carrier as an early mover in what he described as aviation's fastest-growing cabin category. The airline's win in the family-friendly category recognizes measures aimed at easing travel for passengers with children, according to SKYTRAX.