DALLAS, TX—In October 2022, Spark and AcuityMD announceda partnership that could provide a pathway to sobriety to millions suffering from opioid addiction. The FDA-approved Sparrow therapy system represents a drug-free tool for helping treat opioid use disorder.
MINNEAPOLIS, MN—Medtronic earned $427 million, or 32¢ per share, off $7.585 billion for the quarter that ended October 28, 2022. The bottom line was down 67%, and the top line was down 3% compared with Q2 2021.
PHOENIX, AZ—Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company's reliance on Asian production.
CANTON, MS—Nissan Motor Co.'s U.S. arm said Wednesday that supply chain issues will force it to trim production this month at its Canton, Mississippi, assembly plant.
TIANJIN, CHINA—Airbus has four A320 Family assembly facilities worldwide: Toulouse, France; Hamburg, Germany; Tianjin, China; and Mobile, United States. By the end of 2022, all commercial aircraft assembly sites will be A321-capable as part of a strategy to de-risk the ramp-up and to meet the rising share of A321 production.
DETROIT, MI—After years of development, GM is signaling it's finally ready to start producing electric vehicles in enough volume—
with a new battery pack—
to grow sales and start lowering costs.
DESOTO, KS—Panasonic will formally break ground for its brand new $4 billion, 4,000-employee factory in Kansas in a private ceremony on Wednesday, November 2nd.
ZHENGZHOU, CHINA—
China's zero-Covid policy is putting a tremendous strain on Foxconn just before the holiday shopping season begins and highlights how the country's stringent Covid policyis hurting international business.
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