
TIME100 Most Influential Companies 2025: Debut
Organic chemist Joshua Britton honed his elevator pitch while driving for Uber as a side hustle. The idea that the beauty industry is moving away from petroleum to a new era of ingredients made in biotech labs persuaded one of his passengers to give him $100,000 in 2019 as Debut Biotech's first angel investor. 'She told me to get out of the Uber and get my ass into the lab,' CEO Britton says. Today San Diego-based Debut not only has its Deinde line of fossil-fuel-free skincare products, but also a partnership with L'Oreal to replace more than a dozen conventionally sourced ingredients used across the cosmetics giant's product portfolio with its own 'bio identical ingredients.' One example unveiled in February 2025: a synthetic vegan replica of carmine, a red pigment normally derived from beetles and used in various cosmetic products. Creating raw materials in the lab instead of extracting the planet's resources has other applications, too. Debut was awarded $2 million from the U.S. Department of Defense in July 2024 to create plans for a domestic biomanufacturing production facility to reduce the country's reliance on foreign sources of vital chemicals.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Miami Herald
28 minutes ago
- Miami Herald
Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride
Well, Tesla (TSLA) and its robotaxi saga just got even more interesting. For what felt like forever, Elon Musk's been banging the drum on Tesla's ride-or-die robotaxi plan, the next big moneymaker. Don't miss the move: Subscribe to TheStreet's free daily newsletter We finally got the big reveal on Sunday, bringing much-needed relief for Tesla bulls. So far, the reaction has been mostly mixed, with both Wall Street and early users split on what to make of it. Nevertheless, a veteran Tesla bull says Wall Street's got it all wrong, potentially setting it up for a major spark that sends the stock soaring. After years of Musk promising a self-driving future, the robotaxi finally hit the streets of Austin on Sunday. Well, sort of. The service is live only in a small, geofenced slice of Austin during set hours. That's far from the 24/7, coast-to-coast network Musk has long hyped. On top of that, each Model Y had a Tesla safety driver onboard, ready to take over in a jiffy. Nonetheless, early riders were mostly impressed. They said the cabin felt chill and the rides were smooth, despite the testing turns and rough patches. Also, they praised the app, which made it super easy to book, track, and hop out. Related: Tesla's robotaxi finally launches, but there's a twist Most folks felt the experience was "normal," with the car navigating similarly to a human driver. It's far from the robotaxi revolution Musk promised, but a working step in that direction. Musk has long hyped robotaxis as Tesla's next cash cow. The goal is to turn idle Tesla cars into money-minting machines with a city-wide self-driving fleet. Behind the curtain, Musk is talking "thousands" of robotaxis in months and a million by 2026. Still, there have been multiple tough moments since the launch. The National Highway Traffic Safety Administration is investigating clips showing one robotaxi drifting into oncoming traffic with its blinker on. Another froze in the middle of an intersection, and one slammed on the brakes out of nowhere. At this point, though, Tesla says it's testing just 10–20 Model Ys in a small geofenced zone while it irons out the bugs. That hasn't slowed down Google parent Alphabet's Waymo, which continues to turn heads with its latest strides in the robotaxi space. More Tech Stock News: Struggling EV semiconductor company files for bankruptcyVeteran analyst drops bold new call on Nvidia stockAnalyst reboots AMD stock price target on chip update Waymo got a major boost from Uber, as driverless Jaguars roll out in Atlanta with zero extra fees. Meanwhile, Uber looks to cash in on Waymo's reach, and Tesla scrambles to fix glitches as the robotaxi wars kick into high gear. Tesla's hyped-up robotaxi launch got a thumbs-up from longtime Wedbush analyst Daniel Ives. Invited to test Austin's autonomous Model Y fleet, Ives was impressed, calling the roughly 15-minute trips "comfortable, safe, and personalized." He said it surpassed his expectations, a spark that could finally push autonomous driving into high gear. Related: Veteran Tesla analyst makes boldest robotaxi call yet That said, the longtime Tesla bull's comments contrast sharply with the viral clips making the rounds, raising questions over the robotaxi's safety. As mentioned earlier, the NHTSA is also involved, which complicates matters. Just before the launch, Ives hailed the Austin robotaxi rollout as the start of a "golden era of autonomous." He stuck with an outperform rating and a bold $500 price target, close to a 50% upside from Tesla's current price. Moreover, he feels that if Tesla pulls off full-scale robotaxi deployment, it could unlock a $1 trillion bump in valuation. Following the reveal on Sunday, Tesla stock surged on June 23, opening at $348.68, up sharply from Friday's close of $322.16. However, the excitement didn't last. By June 25, shares had pulled back to $327.55, giving up a lot of those gains as the hype cooled off and traders reassessed the long-term impact. Related: Veteran analyst drops bold new call on Nvidia stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.


Business Upturn
an hour ago
- Business Upturn
Gujarat-based Rayzon Solar files DRHP for Rs 1,500 crore IPO; plans fresh issue with employee reservation
By Aditya Bhagchandani Published on June 27, 2025, 11:39 IST Gujarat-based Rayzon Solar Limited, ranked among India's top 10 solar photovoltaic module manufacturers, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs 1,500 crore. As per the DRHP, the IPO will be entirely a fresh issue of equity shares with a face value of Rs 2 each, with no offer for sale component. The offer will also include a reservation for eligible employees under the employee reservation portion, with shares available at a discounted price for them. Rayzon Solar currently has an installed manufacturing capacity of 6.00 GW as of March 31, 2025, placing it among the leading domestic players in the solar module segment. The company's IPO proceeds are expected to support its future expansion and business development plans, subject to SEBI approval and market conditions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments and IPO applications are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.


Business Upturn
an hour ago
- Business Upturn
Kinaxis and Ottawa Senators Renew Partnership, Uniting National Capital Region
Ottawa, Ontario, Canada: Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, is proud to announce a renewed three-year partnership with the Ottawa Senators and their AHL affiliate, the Belleville Senators. This collaboration is designed to amplify Kinaxis' brand visibility, deepen community roots, and create unforgettable experiences for customers, prospects, and employees. As two proud Ottawa-based organizations, Kinaxis and the Senators will come together again to celebrate local talent, foster youth development, and drive meaningful community engagement. The partnership will also spotlight the Kinaxis brand across high-visibility platforms—including center ice at Canadian Tire Centre, LED rings, and digital dashboards during home and away games—ensuring a powerful presence throughout the NHL season. 'At Kinaxis, we believe in the power of community and the importance of showing up where it matters most,' said Megan Paterson, chief operating officer at Kinaxis. 'This partnership is more than just branding – it's about connecting with people, supporting local causes, and creating a culture of pride and purpose for our employees, our customers, and the broader Ottawa community.' As part of its commitment to community impact, Kinaxis will support two of the Senators' most meaningful philanthropic initiatives: Together We Ignite Hope Telethon – A region-wide fundraising campaign that supports youth-focused charities and grassroots programs across the National Capital Region. Funds raised go toward mental health services, education access, food security, and recreational opportunities for underserved youth. Ottawa Senators Gala – The team's premier annual fundraising event, bringing together business and community leaders to raise funds for youth empowerment through sport, education, and wellness. Kinaxis' involvement helps expand the reach and impact of these programs, ensuring more young people have access to the tools and support they need to thrive. These initiatives align with Kinaxis' broader social impact strategy, which includes long-standing partnerships with organizations such as Interval House of Ottawa (supporting women and children fleeing violence), Quickstart Early Intervention for Autism, and The Ellen MacArthur Foundation (advancing circular economy education). Kinaxis also invests in the next generation of talent through its award-winning co-op program and has been recognized as one of Canada's Top 100 Employers and a Top Employer for Young People. The renewed partnership also brings employees, customers, and prospects closer to the action, with exclusive access to Senators games, community skate events at Canadian Tire Centre, and behind-the-scenes experiences that foster lasting connections within the community. 'This collaboration is a celebration of shared values—excellence, innovation, and community,' said Cyril Leeder, president and CEO of the Ottawa Senators. 'Fresh off a playoff run that ignited our fans and our community, we're excited to have Kinaxis – a leader in Ottawa's tech community – in our Senators family to further the momentum from last season and look forward to continuing to build something truly special together.' As Kinaxis continues to grow its global footprint, this partnership reinforces its identity as a purpose-driven brand rooted in community, innovation, and Canadian pride. For more information about Kinaxis visit About Kinaxis Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who manage them, in service of humanity. Our powerful, AI-infused supply chain orchestration platform, Maestro™, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption. For more news and information, please visit or follow us on LinkedIn. About the Ottawa Senators: One of seven NHL franchises based in Canada, the Ottawa Senators returned to the league in 1992 following a 58-year absence. Ottawa won 11 Stanley Cups during its original reign from 1903 to 1934. The modern-day Senators have captured four division titles, a Presidents' Trophy in 2002-03 and reached the Stanley Cup Final in 2007. Since 1992, the Senators together with its charitable foundation, alumni, partners and fans have contributed more than $100 million to community initiatives in the Ottawa-Gatineau Region. The team was purchased by Michael Andlauer in September of 2023, ushering in a new era and vision for the franchise. Visit the Senators website: Engage with the Senators on Twitter: @Senators Like the Senators on Facebook: Follow the Senators on Instagram: senators