logo
Globalstar and CERES TAG Partnership Support Livestock Industry Amid New World Screwworm Threat

Globalstar and CERES TAG Partnership Support Livestock Industry Amid New World Screwworm Threat

Associated Press8 hours ago

COVINGTON, La.--(BUSINESS WIRE)--Jun 24, 2025--
Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, announces its continued partnership of delivering critical global connectivity for the agricultural technology solutions developed by CERES TAG, the world's leading animal health intelligence platform, as it prepares its readiness in the event of an outbreak of the New World Screwworm.
As the livestock industry in Mexico grapples with the recent outbreak of this vector-borne disease, the powerful partnership between Globalstar and CERES TAG is critical in helping producers and authorities to act quickly and contain the spread of the disease.
The outbreak, which has led to the recent border closure to live animal imports, has placed cattle producers on high alert. The New World Screwworm seriously threatens animal welfare and herd productivity, with potential economic fallout measured in hundreds of millions of dollars if not swiftly contained. Over the last decade, the economic impact of zoonotic diseases has been estimated to be $20 billion, directly, and $200 billion indirectly.
CERES TAG's smart ear tags enable livestock monitoring through real-time behavioral data, GPS location, and biosecurity triggers, all transmitted without reliance on cellular infrastructure. Globalstar's satellite network ensures uninterrupted connectivity across even the most remote ranches.
'These are extremely devastating events,' CERES TAG Founder and CEO David Smith said. 'But you can limit damage by supporting real-time traceability and detection with technology like what CERES TAG offers. We have advanced algorithms developed by researchers worldwide, but it's hopeless if we can't communicate that information when there's a trigger. Globalstar is an integral partner in all of this.'
'Satellite technology is no longer just a backup; it's a core infrastructure of agricultural intelligence,' Globalstar Vice President of Global Sales Jake Rembert said. 'We're proud to support CERES TAG in delivering real-world solutions that help protect food security and animal health globally.'
As more frequent and widespread zoonotic diseases emerge, ranchers and governments are investing in next-generation solutions that combine intelligent sensing with resilient connectivity. CERES TAG has recently expanded into the United States and committed to Globalstar a minimum of 30,000 units for the remainder of the year. CERES TAG just signed agreements with the two largest animal health organizations in the United States – MWI Health and Animal Health International.
About Globalstar, Inc.
Globalstar empowers its customers to connect, transmit, and communicate smarter – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company's low Earth orbit ('LEO') satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar's terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar's XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation Internet of Things ('IoT') hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com.
About CERES TAG
CERES TAG is a pioneering Australian company specializing in direct-to-satellite animal health intelligence technology. The company's innovative solutions provide real-time tracking and data analytics for livestock and wildlife, enhancing productivity, profitability and sustainability in the agriculture and conservation sectors. CERES TAG has recently expanded with a new Americas Head Office located in Kansas City | cerestag.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20250624411268/en/
CONTACT: Media Contact:
Alisa Moloney
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY ANIMAL WELFARE AGRITECH SATELLITE TELECOMMUNICATIONS PUBLIC POLICY/GOVERNMENT NETWORKS AGRICULTURE NATURAL RESOURCES
SOURCE: Globalstar, Inc.
Copyright Business Wire 2025.
PUB: 06/24/2025 09:17 AM/DISC: 06/24/2025 09:16 AM
http://www.businesswire.com/news/home/20250624411268/en

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CUPE Calls on MPs to Reject Dangerous Airline Deregulation Plan
CUPE Calls on MPs to Reject Dangerous Airline Deregulation Plan

Business Wire

time9 minutes ago

  • Business Wire

CUPE Calls on MPs to Reject Dangerous Airline Deregulation Plan

OTTAWA, Ontario--(BUSINESS WIRE)--CUPE is urging Members of Parliament to reject the Competition Bureau's latest report on airline competition, warning it poses serious risks to Canadian jobs, public safety, and national sovereignty. The report calls for increased foreign ownership of Canadian airlines and the elimination of anti-cabotage rules to allow foreign carriers to operate domestic flights within Canada. CUPE, which represents 18,500 flight attendants, says these proposals would lead to job losses, lower safety standards, and greater control of Canada's airline industry by foreign interests. 'This is not about giving Canadians more affordable air travel – it's about handing over control of our skies to Wall Street and foreign corporations,' said CUPE National President Mark Hancock. 'Canadians want safe, reliable, and affordable service, not a race to the bottom.' Despite years of deregulation, the airline industry in Canada has seen the opposite of increased competition and more affordable fares. Instead, Canadians have seen increased airline consolidation, service cuts, and skyrocketing fares, especially in remote regions. "Workers in this industry know that the Competition Bureau's recommendations ignore reality in Canada, and they ignore the importance of a Canadian-owned and operated air network, particularly in times of crisis and emergencies, whether it's evacuating people during wildfires or delivering essential goods,' said CUPE National Secretary-Treasurer Candace Rennick. 'We can't afford to hand over that control.' CUPE is calling on the federal government to shelve the report and instead invest in building a strong, public, Canadian-owned air transport system that ensures safety, accessibility, and good union jobs across the country. ss/cope491

U.S. stocks approach their all-time high as oil prices tumble
U.S. stocks approach their all-time high as oil prices tumble

Los Angeles Times

time17 minutes ago

  • Los Angeles Times

U.S. stocks approach their all-time high as oil prices tumble

U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel's war with Iran will not damage the global flow of crude. The S&P 500 climbed 1.1%, following up on big gains for stocks across Europe and Asia, after President Donald Trump said late Monday that Israel and Iran had agreed to a 'complete and total ceasefire.' The main measure of Wall Street's health is back within 0.8% of its record set in February after falling roughly 20% below during the spring. The Dow Jones Industrial Average jumped 507 points, or 1.2%, and the Nasdaq composite rallied 1.4%. The strongest action was again in the oil market, where a barrel of benchmark U.S. crude fell 6% to settle at $64.37. Brent crude, the international standard, had a similar drop. The fear throughout the Israel-Iran conflict has been that it could squeeze the world's supply of oil, which would pump up prices for gasoline and hurt the global economy. Iran is a major producer of crude, and it could also try to block the Strait of Hormuz off its coast, through which 20% of the world's daily oil needs passes on ships. Oil prices began falling sharply on Monday after Iran launched what appeared to be a limited retaliatory strike to the United States' entry into the war, one that did not target the production or movement of oil. They kept falling even after attacks continued past a deadline to stop hostilities early Tuesday. Trump later said that the ceasefire was 'in effect.' Oil prices have dropped so much in the last two days that they're below where they were before the fighting began nearly two weeks ago. With the global oil market well supplied and the OPEC+ alliance of producing countries steadily increasing production, oil prices could be headed even lower as long as the ceasefire holds and a lasting peace solution can be found, said Carsten Fritsch, commodities analyst at Commerzbank. Falling oil prices should take some pressure off inflation, and that in turn could give the Federal Reserve leeway to resume cutting interest rates. Wall Street loves lower rates because they boost the economy by making it cheaper for U.S. households and businesses to borrow money to buy a car or build a factory. But they could also give inflation more fuel. That threat is why the Fed has been hesitant to cut rates this year after lowering them through the end of last year. The Fed has said repeatedly that it wants to wait and see how much Trump's tariffs will hurt the economy and raise inflation before committing to its next move. So far, the economy seems to be holding up OK, though a report on confidence among U.S. consumers came in weaker than economists expected on Tuesday, and inflation has remained only a bit above the Fed's 2% target. Trump has been pushing loudly for more cuts to rates. And two of his appointees to the Fed have said recently they may consider cutting rates as soon as the Fed's next meeting next month. Fed Chair Jerome Powell remains more cautious, though he he did indicate Tuesday that the Fed's next move is likely to be a cut. Asked during testimony before a Congressional committee whether a reduction could arrive as soon as July, Powell said, 'We will get to a place where we cut rates, sooner rather than later – but I wouldn't want to point to a particular meeting. I don't think we need to be in any rush because the economy is still strong.' That helped Treasury yields ease in the bond market. The yield on the 10-year Treasury fell to 4.29% from 4.34% late Monday. The two-year Treasury yield, which more closely tracks expectations for Fed action, fell to 3.81% from 3.84%. On Wall Street, cruise operator Carnival steamed 6.9% higher after the cruise operator delivered a much bigger profit for the latest quarter than analysts expected. CEO Josh Weinstein said it's seeing strong demand from people booking cruises close to the departure date, and customers are spending strongly once on board. Carnival also raised its forecast for an underlying measure of profit for the full year. Uber Technologies rose 7.5% after it said customers in Atlanta can use its app to ride in Waymo autonomous vehicles. Coinbase Global rallied 12.1% as the cryptocurrency exchange rose with the price of bitcoin, which jumped back above $105,000. All told, the S&P 500 rose 67.01 points to 6,092.18. The Dow Jones Industrial Average climbed 507.24 to 43,089.02, and the Nasdaq composite rallied 281.56 to 19,912.53. In stock markets abroad, indexes rallied at least 1% everywhere from France to Germany to Japan following the announcement of the Israel-Iran ceasefire. Hong Kong's jump of 2.1% and South Korea's leap of 3% were two of the strongest moves. Choe, McHugh and Kurtenbach write for the Associated Press.

Why Navitas Semiconductor Stock Is Soaring Today
Why Navitas Semiconductor Stock Is Soaring Today

Yahoo

time17 minutes ago

  • Yahoo

Why Navitas Semiconductor Stock Is Soaring Today

One of Navitas Semiconductor's partners announced it's given the company an award. The broader market is moving higher today, thanks to comments suggesting that the Federal Reserve is warming up to the possibility of an interest-rate cut next month. A ceasefire between Israel and Iran is also helping to push Navitas stock higher today. 10 stocks we like better than Navitas Semiconductor › Navitas Semiconductor (NASDAQ: NVTS) stock is seeing big gains in Tuesday's trading. The company's share price was up 8.4% as of 1:30 p.m. ET amid a 1% gain for the S&P 500 index (SNPINDEX: ^GSPC) and a 1.4% jump for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The company's valuation is surging today thanks to positive developments on geopolitical and macroeconomic fronts. The stock is also rising in conjunction with an announcement that the company has received an award from one of its partners. Before the market opened today, Navitas published a press release announcing that VREMT Energy had named the company as the recipient of its Outstanding Technical Collaboration Award. The two tech specialists have collaborated on a research and development laboratory using Navitas' GaNFast gallium nitride (GaN) and GeneSiC silicon carbide (SiC) semiconductors to improve power systems for electric vehicles. News of the award may be increasing investor hopes that a significant product breakthrough will emerge through the partnership. While Federal Reserve Chairman Jerome Powell indicated that the central banking authority will continue to take a wait-and-see approach on interest-rate cuts, the probability of a rate cut happening at next month's meeting seems to have increased significantly. At the very least, it now seems much more likely that the Fed will serve up one or more rate cuts this year. The change in the rate outlook has investors bidding up growth stocks in the tech sector, and Navitas is benefiting from the trend. In addition to the possibility that Navitas stock will be a enjoying a better-than-expected macroeconomic backdrop, investors have received some reassuring news on the geopolitical front. A ceasefire between Israel and Iran was announced today, and the market is rising as a major source of potential volatility appears to be de-escalating. Geopolitical turmoil poses a key risk factor to semiconductor companies and global supply chains at large, and indications of global stability are likely to be bullish catalysts for Navitas. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $676,023!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,692!* Now, it's worth noting Stock Advisor's total average return is 793% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Navitas Semiconductor Stock Is Soaring Today was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store