financial_disclosure

US Manufacturing PMI Cools to 54.6% as Tariffs, Iran Conflict Bite

Tempe, Ariz. – – September 07, 2026 -- U.S. manufacturing activity expanded for an eighth straight month in August, but the pace cooled as the ISM Manufacturing PMI fell to 54.6%, down 1 percentage point from July's 55.6%, according to the Institute for Supply Management (ISM). The reading marks the sector's recovery from a 10-month contraction and corresponds to an estimated 2.4% annualized increase in real GDP, ISM said. The broader U.S. economy has now expanded for 22 consecutive months.

New orders and backlogs lose momentum as demand sentiment softens

The New Orders Index dropped 3 points to 53.7% from 56.7% in July, while the Backlog of Orders Index fell 3.2 points to 51.8%. The positive-to-negative comment ratio on demand narrowed to 2-to-1 in August from 3.5-to-1 the prior month. New Export Orders bucked the trend, edging up 0.2 point to 53.2%.

Google Funds Water-Saving Irrigation for 6,000 Acres of Texas Rice Farms

Nashville, Tenn. – September 05, 2026 -- AgriCapture has partnered with Google and the Bonneville Environmental Foundation to replenish 5.4 billion gallons of water in Southeast Texas by converting 6,000 acres of rice farmland to water-saving irrigation systems.

Google finances irrigation overhaul across Trinity River Basin farmland

The program targets the Trinity River Basin, where roughly 140,000 rice acres are flood irrigated annually amid pressure from agricultural demand, urban growth and recurring drought. AgriCapture is working directly with Texas rice farmers to install irrigation infrastructure that replaces continuous flooding, measuring results through flow meters, field sensors and geospatial monitoring to quantify verified water savings against prior flood-irrigation baselines.

Odyssey Energy Raises $74M to Scale Solar Financing in Emerging Markets

Boulder, Colorado – September 04, 2026 -- Odyssey Energy Solutions has secured $74 million in new financing, combining $27 million in equity with $47 million in debt, to expand its platform financing distributed renewable energy projects across Africa, Asia, and Latin America.

New investors join round to fund solar and battery procurement infrastructure

The equity tranche drew new backers Broadscale Group, FMO, and Al Mada Ventures, alongside existing investors Union Square Ventures, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ, and Transition Ventures. Debt financing came from British International Investment, BIO, the Facility for Energy Inclusion via Cygnum Capital, and the Energy Entrepreneurs Growth Fund via TripleJump.

RedHill Buys Rebyota, Clenpiq Rights From Ferring for $12M

Raleigh, N.C. – September 04, 2026 -- RedHill Biopharma Ltd. (Nasdaq: RDHL) has acquired exclusive global commercialization rights to Ferring Pharmaceuticals' Rebyota and exclusive U.S. rights to Clenpiq, two FDA-approved gastrointestinal drugs that together generated approximately $37.5 million in 2025 net sales.

RedHill pays $12 million upfront, fully funded by prior Talicia sale

Under the agreement, RedHill paid Ferring $12 million upfront plus tiered royalties on net sales and potential future milestones. The payment was fully covered by RedHill's previously announced $18 million divestiture of Talicia, which also carries up to $35 million in potential additional upside. Ferring retains Rebyota's manufacturing facilities and will continue supplying the product through the term of the agreement.

Calumet Cuts SAF Expansion Cost 89% to $137M, Targets 200M Gallons

Indianapolis – September 04, 2026 -- Calumet, Inc. (NASDAQ: CLMT) has slashed the remaining capital requirement for its Montana Renewables sustainable aviation fuel (SAF) expansion to $137 million, down from the $1.2 billion originally contemplated under a Phase 2 plan backed by the U.S. Department of Energy.

Capital spend drops as Calumet repurposes idle refinery equipment

The reduction comes from redeploying a hydrotreater, hydrogen plant and naphtha splitter from the adjacent Calumet Montana Refining (CMR) asphalt facility under a long-term lease, rather than building new capacity from scratch. The tied-in hydrotreater creates a dual-reactor system running in a lower-yield-loss "polishing" configuration instead of standard "cracking" service.

BOXABL Signs Deal for Up to 1,500 Homes With LC Vegas Acquisitions

Las Vegas – September 04, 2026 -- BOXABL Inc. (Nasdaq: BXBL) has entered a multiyear purchase agreement with LC Vegas Acquisitions, LLC for up to 1,500 factory-built homes over three years, marking the company's largest announced residential purchase arrangement to date.

Deal structure calls for roughly 500 homes delivered annually

Under the agreement, purchases are expected to occur in phases, with approximately 500 homes anticipated each year, subject to project schedules, site readiness, and regulatory approvals. The agreement does not require that any purchases be made and remains subject to conditions, contingencies, and performance requirements.

US-Venezuela Pact Gives NABEP Rights to 65 Billion Barrels, $100B Investment

Caracas, Venezuela – September 04, 2026 -- The United States Departments of State and War have struck a deal with North American Blue Energy Partners (NABEP) that hands the company commercial rights to more than 65 billion barrels of P1 oil reserves in Venezuela, backed by nearly $100 billion in planned investment.

Washington secures a 35% equity stake and discounted crude access

Under the agreement, NABEP retains operating control of the venture while the U.S. government holds rights to a 35% stake in the company and preferential access to purchase 20% of its production at cost. President Donald J. Trump called it "the biggest oil deal in world history" in an announcement on Truth Social, framing it as a mechanism to bring lower fuel prices to American consumers and fiscal stability to Venezuela.

Hydreight Posts Record $28M Q2 Revenue, Up 421% Year-Over-Year

Vancouver – September 04, 2026 -- Hydreight Technologies Inc. (TSXV: NURS) (OTCQB: HYDTF) reported second-quarter 2026 revenue of $28.0 million, a 421% increase from $5.4 million a year earlier, as its VSDHOne virtual healthcare platform drove the company's strongest quarter on record.

Net income jumps to $2.5 million as pharmacy sales scale

Gross profit rose 182% to $5.4 million, while net income reached $2.5 million versus just $0.05 million in Q2 2025. Adjusted EBITDA climbed to $3.2 million from $0.2 million a year prior. Revenue grew approximately 12.5% and gross profit approximately 7% quarter-over-quarter versus Q1 2026, with net income and Adjusted EBITDA holding steady sequentially.

Cherubic Ventures Closes $68.88M Fund VI, AUM Tops $500M

Taipei – September 04, 2026 -- Cherubic Ventures has closed its sixth fund at $68.88 million, pushing total assets under management across its six funds past $500 million.

Fund VI's Portfolio Companies Have Already Raised Over $500 Million in Follow-On Capital

Despite being early-stage, Fund VI's backed startups have collectively secured more than $500 million in subsequent funding rounds. The fund continues the firm's focus on AI-native companies spanning infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics.

PTFE Membranes Market to Hit $2.84B by 2031, MarketsandMarkets Says

DELRAY BEACH, FLA. – September 04, 2026 -- The global PTFE membranes market is projected to reach $2.84 billion by 2031, up from $2.14 billion in 2026, expanding at a compound annual growth rate of 5.8%, according to MarketsandMarkets.

Asia Pacific commands 42.2% market share as region emerges fastest-growing

Asia Pacific accounted for 42.2% of the PTFE membranes market in 2026, driven by industrial expansion, pharmaceutical and biotechnology manufacturing, and semiconductor production across China, India, Japan, South Korea, and Southeast Asia. The region is also expected to post the fastest growth through 2031, as countries increase investment in advanced manufacturing, healthcare infrastructure, and water treatment capacity.