NEW YORK - U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics contends. The forecast represents a jump of 13 percent from 2021 and follows a total spend of $1.7 trillion over the course of two
ANN ARBOR - Genomenon Thursday announced the completion of a $20 million Series B financing round. The funds will expand the company’s commercial operations and the development of its genomic data hub, which serves genetic testing labs, hospitals, pharmaceutical and biopharma companies. Genomenon leverages AI (Artificial Intelligence) to organize the world’s genomic knowledge and put it
NEW YORK - The United Nations’s climate science panel issued a report on Monday detailing both the impacts of climate change and potential adaptation measures society can take to mitigate the damage. The report warned of dire impacts from global warming that will only get worse, from heat waves to food and water disruptions to
BOULDER, CO. - A new report from Guidehouse Insights explores the benefits of storage as a transmission asset (SATA) in power grid upgrades and provides an update on regulatory changes that are enabling SATA. It also includes recommendations for project developers, integrators, and policymakers to further develop the market. Upgrading existing power transmission grids comes
ANN ARBOR—The University of Michigan research enterprise contributed $97 million to Michigan's economy over the past fiscal year, supporting employment across large and small businesses statewide, according to a new report from the Institute for Research on Innovation and Science. The report details how university research spending impacts the economy and provides a geographic snapshot
SEATTLE - Cannabis sales in Michigan shot up 81 percent in 2021, reaching $1.79 billion and supporting 31,152 jobs. That 72 percent annual growth in jobs puts Michigan behind only California and Colorado in terms of total state cannabis employment. Michigan maintains robust medical and adult-use markets, with 402 dual (adult-use and medical) retailers, 47
GALESBURG - Power management company Eaton today announced its Vehicle Group has formed a new ePowertrain business unit, which will focus on products from Eaton’s electrified vehicle transmission, reduction gearing and differential portfolios. Combining the product lines into a new ePowertrain business unit creates synergy among Eaton’s powertrain and EV experts and allows the Vehicle
DETROIT – Plug Zen, a Black-owned Detroit startup focused on delivering an adaptive, cost-effective EV charging solution to mitigate climate change, today announced the launch of its innovative “Get Charged Up” campaign. This multi-phased campaign begins with a crowd-funding goal of $250,000 and opportunities for early supporters to earn charging credits and participate in potential
JACKSON—The Consumers Energy Foundation is bringing back the Put Your Town on the Map pitch competition to provide $50,000 for big ideas in Michigan’s small towns. The Put Your Town on the Map competition provides dollars for three projects that aim to help small communities in Michigan grow and thrive. Communities with a population of
LONDON, England -Britain is on red alert for Russian cyber attacks and disinformation campaigns. Key public services, banks and other big businesses have all bolstered their cyber defenses to combat the increased threat from Moscow. British Home Secretary Priti Patel yesterday hinted at potential tit-for-tat strikes against Russia if they attack first. She said: “As
