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CARLSBAD, Calif., March 29, 2023 /PRNewswire/ — Tyra Biosciences, Inc. (Nasdaq: TYRA), a clinical-stage biotechnology company focused on developing next-generation precision medicines that target large opportunities in Fibroblast Growth Factor Receptor (FGFR) biology, today announced that management will present and participate in the following investor conferences:

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FRANKFURT (Reuters) -German unlisted drugmaker Boehringer Ingelheim said on Wednesday its operating income rose 1.4% in 2022, as more prescriptions of diabetes drug Jardiance trumped higher energy and development costs.

Family-owned Boehringer said in its annual report that full-year operating income came in at 4.77 billion euros ($5.17 billion), up from 4.71 billion a year earlier.

The Jardiance group of products, managed in a partnership with Eli Lilly, made 5.8 billion euros in sales, a currency-adjusted surge of 39.1%.

The diabetes treatment is increasingly used to cut the risk of cardiovascular disease in diabetic patients and it also won approval as a treatment for heart failure early in 2022.

Apart from higher material and energy costs, earnings growth was tempered by expenses for large clinical trials and write-downs on development projects.

“The strong business results are laying the foundation for the funding of our late-stage pipeline, of mid-term growth opportunities and of further investment in new technologies,” said the group’s finance chief Michael Schmelmer.

Boehringer and Lilly said last November that Jardiance was shown to also slow the progression of chronic kidney disease, as the partners seek to catch up with market segment leader AstraZeneca with its kidney drug Farxiga.

Sales of pulmonary fibrosis drug Ofev rose a currency-adjusted 20.6% to 3.2 billion euros, Boehringer said.

For 2023, Boehringer predicted a slight increase in operating income.

($1 = 0.9232 euros)

(Reporting by Ludwig Burger and Patricia WeissEditing by Louise Heavens and Mark Potter)

East West Bancorp, Inc. Earns #1 Spot in S&P Global Market Intelligence Ranking

S&P Global Market Intelligence Ranks East West Bancorp Inc. Best Performing U.S. Public Bank in 2022

PASADENA, Calif.–(BUSINESS WIRE)–
East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, announced it has earned the number one spot in the 2022 Ranking of U.S. Public Banks by Financial Performance. This annual analysis by S&P Global Market Intelligence assesses the financial performance of publicly held banks with more than $10 billion in assets across the nation.

S&P Global Market Intelligence first launched the annual rankings list in 2011 to assess the performance of banks based on returns, growth and efficiency, and places a premium on the strength and risk profile of balance sheets. East West secured the top spot in 2022, outperforming the industry on the combined metrics.

“We are honored to be named the top public bank in the United States by S&P Global Market Intelligence,” said East West Bancorp Inc. Chairman and CEO Dominic Ng. “As the bank celebrates its 50th anniversary in 2023, this achievement serves as a reminder of our continued legacy of remaining steadfast amid volatile market conditions. I remain grateful to our over 500,000 customers who continue to put their trust in us.”

East West’s conservatively managed balance sheet, strong capital and liquidity levels form a solid and stable foundation. These strengths, along with our diversified customer base and business model, allow us to have industry-leading profitability and high-quality earnings year after year. We look beyond our fifty years of history with the commitment to helping our customers build new bridges of opportunity and reach further. For more information or to set up a press interview, please contact [email protected].

About East West

East West Bancorp, Inc. is a public company with total assets of $64.1 billion and is traded on the Nasdaq Global Select Market under the symbol “EWBC”. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, operating over 120 locations in the United States and in Asia. The Company’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. For more information on East West, visit the Company’s website at www.eastwestbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005862/en/

Janie Beaman

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

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PRAGUE–(BUSINESS WIRE)–Westinghouse Electric Company and CEZ signed an agreement to supply VVER-440 fuel assemblies at the Dukovany Power Plants. Westinghouse will deliver fuel beginning in 2024, replacing the current supplier, with an anticipated term of seven years.

This important contract builds on the long-standing partnership between the two companies and a recent agreement to provide modified Robust Westinghouse Fuel Assemblies (RWFA) for the Temelin nuclear power plant.

“Our focus is not only the safety of our nuclear power plants, but also the energy safety of the entire Czech Republic. That´s why the contract with Westinghouse is very important. Thanks to the widening of the number of possible suppliers, we are strengthening our energy independence and the certainty of further operation of our sources,” said Bohdan Zronek, a member of the Board of Directors at CEZ and Director of the Nuclear Energy Division.

“We are grateful for CEZ Group’s confidence in Westinghouse and remain fully committed to supporting its policy of supply diversification,” said Tarik Choho, President, Westinghouse Nuclear Fuel. “Westinghouse is delivering a true alternative with a proven fuel design for the VVER plants, and we look forward to reinforcing our long-term collaboration with CEZ.”

Westinghouse is deeply committed to helping the Czech Republic and other countries achieve the goal of a cleaner, more secure energy future. The company has been working for more than a decade to supply VVER-type reactors.

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear and other clean power technologies and services globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world’s operating nuclear plants. Over 135 years of innovation make Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn, and Twitter.

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media@westinghouse.com

Avirett brings 20 years of energy efficiency expertise to Budderfly as Chief Operating Officer

SHELTON, Conn.–(BUSINESS WIRE)– Budderfly, the premier sustainability partner for businesses with repeatable footprints, recently announced that energy services leader Scott Avirett has joined the company as Chief Operating Officer (COO). Avirett will lead the development and implementation of an integrated customer experience and delivery strategy to ensure operational excellence and meet rapidly growing demand for Budderfly’s sustainability services across North America.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230329005131/en/

Scott Avirett brings 20 years of energy efficiency expertise to Budderfly as Chief Operating Officer (Photo: Business Wire)

Avirett brings two decades of global experience in sustainable energy & infrastructure operations and general management to Budderfly. He previously built and led high-performance teams at Johnson Controls and Energy Systems Group (ESG), a subsidiary of CenterPoint Energy, in delivering breakthrough results in customer satisfaction, sales growth and profitability in all aspects of the energy services market.

“I’m thrilled to join Budderfly’s rapidly growing team and help scale its unique Energy Efficiency as a Service model as a force for mid-market energy transformation and emissions reduction. I look forward to building on the company’s people-first culture and creating exceptional experiences for its customers, by delivering lower energy costs, a reduced carbon footprint, and more reliable operations,” said Avirett.

“Our significant expansion and market leadership position show no signs of slowing. This requires a continual balance of internal knowledge and strengths with external experience and capabilities to increase scale and depth across the entire company,” said Budderfly CEO Al Subbloie. “We’re pleased to have Scott Avirett as our COO to enhance our customer foundation for growth and scale.”

Budderfly’s solutions are provided at zero upfront cost to the customer. Cost savings are generated from the energy efficiency upgrades, as well as from managing, monitoring, and optimizing Budderfly customers’ energy use and demand.

About Budderfly

Budderfly, ranked as one of the fastest-growing Energy Efficiency as a Service (EEaaS) companies in the United States, is the premier sustainability partner for businesses with repeatable footprints, such as restaurant chains, assisted living facilities, retail franchises, and more. Budderfly installs, monitors, and manages a combination of patented technologies, equipment upgrades, and proprietary energy software for its customers at no out-of-pocket cost. Businesses benefit with lower energy bills, a reduced carbon footprint, more reliable operations, and an improved customer and employee experience. Budderfly ranked #2 in energy companies and #10 overall on the 2021 Inc. 5000 America’s Fastest-Growing Private Companies list. For more information visit www.budderfly.com or follow us on Twitter @BudderflyEnergy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005131/en/

Media

Tori Bentkover

Antenna Group for Budderfly

budderfly@antennagroup.com

Source: Budderfly

OTTAWA, March 29 (Reuters) – Canada’s 2023 budget took a big step toward luring more investment in clean technology to build a low-carbon economy, analysts said on Wednesday, but gaps must still be filled to make the country more competitive with the United States.

Liberal Prime Minister Justin Trudeau’s government unveiled on Tuesday a series of new green investment tax credits worth some C$35 billion ($26 billion) on Tuesday, including almost C$26 billion for producing and transmitting electricity.

“Given the role that electricity is going to play in the decarbonisation of the Canadian economy, this is probably the most important federal budget ever for addressing climate change,” said Francis Bradley, the chief executive of trade association Electricity Canada.

Before the budget, Canada was “in neutral”, Bradley said. “This puts us right up into second gear.”

Trudeau’s government has been under pressure to level the playing field with its largest trading partner since Washington passed massive uncapped incentives for clean energy investments in the Inflation Reduction Act (IRA) last year.

While the budget makes headway on the green transition, it does not put the kind of money on the table the United States has, said Michael Bernstein, executive director of climate think-tank Clean Prosperity. The IRA could offer more than $1 trillion to clean tech investors there.

Canada’s investment tax credits help companies make one-time capital expenditures, but the U.S. is offering ongoing production tax credits that cover operational costs.

“It is going to continue to be difficult to compete with the U.S. without production tax credits,” Bernstein said. For hydrogen, investment tax credits will not be enough “to keep us competitive with the U.S.”

Mark Zacharias, executive director for Clean Energy Canada, agreed.

“Our suggestion for future budgets is we’d like to see production tax credits for electricity, batteries and clean hydrogen,” said Zacharias.

The new tax credits will have broad appeal to investors in new and growing industries, ranging from clean hydrogen, to zero-emissions vehicle manufacturing, to heat pumps.

“The government is mobilizing private investment into new sources of economic growth,” said Dale Beugin, executive vice president of the Canadian Climate Institute.

Industry groups and analysts said Canada still needs to do more to develop contracts for differences, which are meant to encourage major projects in carbon capture or hydrogen production. Contracts for differences guarantee investors in such projects a fixed carbon or hydrogen price over a contract duration, guarding against risks from political and market uncertainty.

The budget detailed how Canada will set up a growth fund, or a public investment vehicle, that a government source said would provide the contracts for projects it finances. Ottawa is still consulting on how to set up a program that would offer the contracts more broadly.

Canada also widened eligibility for previously-announced carbon capture utilization and storage (CCUS) investment tax credits to include cement plants.

That will benefit a proposed C$1.4 billion net-zero cement plant in Edmonton Alberta, being developed by privately-owned Lehigh Cement. Pipeline company Enbridge Inc (ENB.TO) is working with Lehigh to develop the CCUS component.

“From my industry’s perspective, we are very pleased,” said Sarah Petrevan, sustainability director for the Cement Association of Canada. “This budget far exceeded my expectations in how targeted the government was going to be.”

($1 = 1.3584 Canadian dollars)

Reporting by Steve Scherer in Ottawa and Nia Williams; Editing by Denny Thomas and David Gregorio

Our Standards: The Thomson Reuters Trust Principles.