Half of the $1 billion will go to R&D to accelerate product development activities, while the remaining half will be dedicated to capital expenditures to strengthen its manufacturing footprint for the long term. An additional $60 million will be given to its DEWALT Grow the Trades initiative through 2030, of which $27 million has already gone into action to expand training programs and career pathways for the skilled trades.

“Our U.S. investment strategy has multiple dimensions and goes far beyond expanding manufacturing—it’s about igniting innovation, building world-class capabilities and redefining the future of work in America,” Stanley Black & Decker’s President and CEO Chris Nelson said in an August 12 news release.”

“By leaning into research and development and investing in the future of our U.S. operations, we are setting the benchmark for next-generation products and solutions. These investments will empower America’s tradespeople to work safer, reach new levels of productivity and rise to help solve the nation’s toughest challenges.”

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The biopharmaceutical company will produce small molecules, biologics, and antibody drug conjugates for a range of diseases at the campus, which boasts a modular and multimodal design, giving it the flexibility to adapt and reconfigure to meet shifting demand. The project is part of the company’s greater plan to invest $40 billion in the U.S. through 2030. As technology, automation, and digital integration advance, so too will the campus.

“We’re building the domestic manufacturing capabilities needed to deliver the next generation of medicines and support future scientific breakthroughs,” Chairman and CEO Christopher Boerner said in a statement. “Houston and the state of Texas offer the talent, infrastructure, and partnership needed to help bring that vision to life.” The Houston campus will expand Bristol Myers Squibb’s operational footprint incorporating “speed, quality and resilience into every stage of how medicines are made and delivered to patients,” the company said.

Texas was selected for its strength as a life sciences hub, home to a qualified and available workforce as well as government incentives and proximity to utilities and transportation infrastructure. The project received $4.89 million through the Texas Enterprise Fund and qualifies for incentives under the Texas Jobs, Energy, Technology and Innovation program as it is expected to create 500 new jobs. Construction is slated to run from 2027 to 2030.

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Ebm-Papst, which was established in 1963 and has more than 13,000 employees in 40 countries worldwide, is anticipated to make about $2.8 billion in revenue and about $343 million in adjusted earnings before interest, taxes, depreciation, and amortization in 2026, according to the press release.

“As a longstanding Ebm-Papst customer, we have a deep appreciation for its integrated airflow technology, custom engineering expertise and talented team, which complement our expertise in mission-critical applications and market reach,” said President and CEO Jill Wyant.

She said the strategy is “built around three core strengths that work together to deliver better air, stronger customer outcomes, and attractive long-term returns,” which she believes the acquisition will strengthen. “Its differentiated, integrated airflow technology further strengthens our return on air capabilities,” she said. “It broadens our ability to scale in mission-critical applications and attractive growth markets, and it gives us another strong platform where we can apply our commercial capabilities, operating discipline, and 80/20 approach to accelerate value creation.”

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The announcement comes after a strategic partnership was signed with the federal government, Telesat, and Canadian satellite manufacturer MDA Space in December.

Telesat CEO Dan Goldberg said the contract will enable the firm to increase the size of its planned low-Earth orbit satellite network with the addition of another 69 satellites. “We’re massively expanding the size of the constellation, which just makes it more competitive, higher performing, more resilient—just a much more powerful network,” he said, which will enable the firm to compete with the likes of Starlink.

Telesat currently has one satellite prototype in orbit undergoing testing, but the plan is to launch its new low-Earth orbit network satellites next year, one year before the federal government contract is set to begin.

The deal comes with two five-year option periods that could see the contract value grow to $2.7 billion over 15 years. There are currently few options for satellite communications in the Arctic, which can be used to support the government’s network of fighter jets, drones, ships, icebreakers, and forward-operating bases in remote locations.

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With nearly $23.9 million in reported liabilities, the majority of which can be accounted for by the judgement, Rebel Creamery is seeking a break as it appeals a decision related to the dispute which originated over packaging.

U.S. District Judge Eric Komitee ruled that Rebel had intentionally infringed and diluted Van Leeuwen’s trade dress through its ice cream packaging, distinguished by pastel colors and distinctive branding including black script lettering and monochromatic pints with matching lids. Komitee found that Rebel’s packaging was similar and that the evidence supported findings of consumer confusion and bad faith. The judge ordered Rebel to stop selling its products and to redesign its packaging.

Rebel’s one saving grace was the fact that many of its sales were driven by demand for keto ice cream offerings rather than its packaging, which is why Van Leeuwen didn’t receive the full $36.4 million it was seeking. The ruling of $23.785 million was Rebel’s profits from sales of ice cream pints bearing the infringing trade dress.

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The company says the furnace was automatically taken offline after an abnormality was detected, a problem it believes resides in the generating station. While operations are down, the company will conduct a maintenance outage that was originally planned for later in the quarter, which will result in less downtime in the long run.

The Independent Electricity System Operator (IESO), which helps manage the power system in Ontario, is aware and trying to help find a solution and in the meantime, finishing operations will continue. There is no expectation that customer orders will experience a disruption, though there may be challenges if the outage persists beyond the estimated three weeks.

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