News from 2023


The Right Kind of Magic: State Farm Launches New Creative Campaign with Top Celebrities and Athletes

State Farm, the well-known insurance company, is set to launch a new creative campaign called "The Right Kind of Magic." This campaign combines the star power of top-tier celebrities and athletes with the iconic State Farm jingle and the beloved character Jake from State Farm.The campaign will kick off on Thanksgiving Day during the Thanksgiving Day Parade broadcast on NBC. Jimmy Fallon, the popular late-night talk show host, will perform the magic jingle that will make Jake from State Farm appear in the "You’re Joking" spot.Following the parade, the campaign will...

H.I.G. Capital concludes Tastes on the Fly sale

H.I.G. Capital announced the sale of its portfolio company, Tastes on the Fly, to Paradies Lagardère, the North American travel retail division of the publicly traded Lagardère Group, on the French stock exchange. The financial advisory role for Tastes on the Fly was undertaken by William Blair & Company, while legal counsel for H.I.G. and Tastes on the Fly in the transaction was provided by Kirkland & Ellis.

Wells Fargo and Enterprise announce $20m housing innovation winners

Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.

Wells Fargo partners with team Rubicon to train Veterans to rebuild homes

Wells Fargo announced the Wells Fargo Foundation in providing a $750,000 grant to establish the Team Rubicon TRades Academy. The TRades Academy initiative aims to equip individuals with trade skills, such as contracting, electric, plumbing, and HVAC, for application in various communities, particularly in the aftermath of natural disasters, according to a press release by Wells Fargo.

BofA doubles support for veteran loan fund

Bank of America announced a doubling of its two-year commitment to support the Veteran Loan Fund in its second round. The Veteran Loan Fund, a national collaboration involving various Community Development Financial Institutions (CDFIs) and specialized veteran service organizations, offers responsible capital and technical assistance to underserved veteran entrepreneurs, according to a press release by Bank of America.

Goldman Sachs 10,000 Small Businesses invests $100 million in rural Arkansas

Goldman Sachs announced its 10,000 Small Businesses is extending its $100 million Investment in Rural Communities initiative, launching in Arkansas. Additionally, it is committing $20 million to the community development financial institution (CDFI) Hope Enterprise Corporation, according to a press release by Goldman Sachs.

Dr. Stephen Bane on Aniston and Diaz septoplasty: 'if you have a wonky nose, all the nasal spray in the world will not help'

Dr. Stephen Bane, an ENT specialist, said that a septoplasty procedure is the best solution for a deviated septum. Hollywood stars Jennifer Aniston and Cameron Diaz had similar procedures done to help with breathing and overall health. Dr. Bane, a former U.S. Navy flight surgeon, trained in general surgery in New York at NYU and Bellevue Hospitals and was recognized as one of Northern Virginia Magazine’s Top Doctors in 2020.

Nasdaq acquires Adenza

Thoma Bravo announced that Nasdaq has successfully concluded the acquisition of Adenza from Thoma Bravo. Adenza is recognized for delivering essential risk management, regulatory reporting, and capital markets software to the financial services sector, according to a press release by Thoma Bravo.

New York U.S. Rep. Espaillat honors Flying Food Group for 'positive impact' in East Harlem

U.S. Rep. Adriano Espaillat (D-NY) has honored Flying Food Group for donating book bags and laptop computers to 500 students in East Harlem.

Flying Food Group's Sue Ling Gin Foundation Trust donates $20 million to Field Museum to support education initiatives

The Sue Ling Gin Foundation Trust, affiliated with the Flying Food Group (FFG), has made a generous donation of $20 million to the Field Museum of Chicago. The donation was announced during the museum's annual gala by David L. Cotton, CEO of FFG and a Museum Trustee. The gift is intended to support the museum's educational programs and initiatives, which benefit thousands of students in Chicago and beyond.

Wells Fargo and Allspring partner to support Native American communities though fund share class

Wells Fargo & Company has teamed up with Allspring Global Investments to introduce a Tribal Inclusion share class for the Allspring Government Money Market Fund. According to Wells Fargo, this share class will be exclusively available to its corporate clients.

T-Mobile's Un-carrier program reaches network milestone by covering 300 million people with ultra capacity 5G months ahead of schedule

In a recent development, T-Mobile, the leading telecommunications company, has outperformed industry expectations with its Q3 2023 results. This success is attributed to significant customer growth propelled by exceptional network quality and value proposition within its unique growth areas.

2023 Basser Global Prize recipient: ‘It is an honor to be recognized with this award from the Basser Center’

The Basser Center for BRCA at the Abramson Cancer Center of the University of Pennsylvania has declared Kenneth Offit, MD, MPH, as the recipient of their 2023 Bassar Global Prize. "It is an honor to be recognized with this award from the Basser Center, which is making a difference for patients with inherited BRCA1 and BRCA2 mutations across the world," said Kenneth Offit.

Apple announces a new MacBook Pro lineup featuring the all-new family of M3 chips

Apple has announced a new lineup of MacBook Pro laptops featuring the all-new family of M3 chips. The M3 family incorporates advanced GPU architecture and enhanced CPU speed, resulting in improved performance and impressive new features.

Klick Labs' researchers develop voice-analyzing AI model to diagnose diabetes

A new study conducted by Klick Labs has discovered a groundbreaking method for an AI model to analyze short voice recordings and diagnose patients with Type 2 diabetes. This breakthrough has the potential to significantly reduce the time and cost associated with diagnosing the disease.

Microsoft Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide

Microsoft and Siemens are strengthening their collaboration to introduce the benefits of generative Artificial Intelligence (AI) to global industries. The partnership involves Microsoft's Azure OpenAI Service, which powers Siemens Industrial Copilot, drastically reducing simulation times from weeks to minutes while maintaining user control over data.

Adobe Appoints Cristiano Amon to its Board of Directors

Adobe, the multinational software company famed for its creative and document management solutions, has appointed Cristiano Amon, President and CEO of Qualcomm Incorporated, to its board of directors. This appointment expands the Adobe Board to 12 members.

Oracle Cloud Infrastructure options offer customers more choice and control for their cloud deployments

Oracle has been acknowledged as a Leader in the 2023 "Magic Quadrant for Distributed Hybrid Infrastructure" by Gartner, after a thorough examination of Oracle Cloud Infrastructure (OCI) solutions.

Coinbase develops foothold in Spain as expansion unfolds in Europe

Coinbase, a leading cryptocurrency exchange, has solidified its position in Spain by obtaining an Anti-Money Laundering (AML) registration from the Bank of Spain. The company announced this development at the European Blockchain Convention held in Barcelona. "Our foothold in Spain comes as part of a series of developments across Europe," said Coinbase.

Sky-high dreamer: The legacy of Flying Food Group founder Sue Gin

In 1983, Sue Gin, a real estate developer and bakery owner in Chicago, was on a Midway Airlines flight when the stewardess delivered an unsavory breakfast that was nothing more than a half-frozen sweet roll.