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Associated Press
6 days ago
- Business
- Associated Press
Bora Pharmaceuticals Hosted Iowa Governor Kim Reynolds at Subsidiary Upsher-Smith to Discuss U.S. Supply Chain and Regional Collaboration, and Presented at Regional Collaboration
MINNESOTA, UNITED STATES & TAIPEI, TAIWAN - Media OutReach Newswire - 23 July 2025 - Bora Pharmaceuticals (TWSE: 6472, Bora) welcomed Iowa Governor Kim Reynolds to their Maple Grove, Minnesota facility for a roundtable discussion and site tour focused on advancing pharmaceutical innovation and exploring opportunities for regional collaboration. The Company also hosted the Governor at its subsidiary Upsher-Smith Laboratories, LLC (Upsher-Smith), a Midwest-based pharmaceutical company focused on specialty brands. At the same time, CDMO Division President of Bora presented at Regional Collaboration- U.S.A Session' of Bio Asia on Taiwan Pharma's path to U.S. Market Success. As part of the Governor's domestic mission trip, Governor Reynolds met with leaders from Bora Group to discuss onshoring pharmaceutical manufacturing, strengthening supply chain integration across the Midwest, and expanding contract development and manufacturing. 'This is a great example of how Iowa can lead the nation in revitalizing domestic manufacturing and strengthening critical industries,' said Governor Kim Reynolds. 'Bora Group and Upsher-Smith are investing in people, innovation, and infrastructure; the very pillars of the high-value growth we're driving in Iowa. By fostering regional partnerships and expanding U.S. supply chains, we're not only advancing healthcare - we're creating jobs, fueling economic growth, and enhancing long-term competitiveness for our states.' The visit began with a tour of the Maple Grove manufacturing facility and a forward-looking discussion about growing domestic manufacturing and CDMO (Contract Development and Manufacturing) opportunities - both critical components of a resilient pharmaceutical supply chain. Bora group CDMO leaders shared insights into the company's integrated global network, pharmaceutical development and manufacturing capabilities, and vision for expanding CDMO partnerships in the U.S.. 'Bora Pharmaceuticals is deeply committed to strengthening pharmaceutical manufacturing here in the U.S.' said Dennis Hall, Vice President of Bora Pharmaceuticals. 'As a global CDMO with a growing domestic footprint, we see tremendous opportunity for investment, innovation, and collaboration. We appreciate leaders like Governor Reynolds who understand the critical role of a resilient, U.S.-based supply chain in ensuring patients have consistent access to essential medicines.' Additionally, during the roundtable, executives from Upsher-Smith highlighted the Company's branded portfolio and its impact on patient care through high-quality medications, including treatments for pediatric rare diseases. Discussions also focused on Bora's robust production capabilities in the U.S. and ongoing commitment to onshoring operations. Such was reiterated at the premise of Bio Asia, where J.D. Mowery, CDMO Division President of Bora Pharmaceuticals, presented 'Taiwan Pharma's Path to U.S. Market Success'. To date, the company has invested hundreds of millions of dollars in U.S. domestic infrastructure with continuous CAPEX #BoraPharmaceuticals The issuer is solely responsible for the content of this announcement. About Bora Founded in 2007, Bora Pharmaceuticals ('Bora' or 'the Company', is a leading pharmaceutical services company with a vision and goal of 'Contributing to Better Health All Over the World'. Operating under a 'Dual Engine' model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients' quality of life. By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. For more information, visit About the Iowa Economic Development Authority The Iowa Economic Development Authority (IEDA) strengthens the state's economic foundation by fostering business growth, community development, and vibrant places to live and work. IEDA administers programs designed to attract and retain businesses, encourage innovation, support entrepreneurs, and promote Iowa as a premier destination for investment, travel and talent. With a focus on collaboration and long-term impact, IEDA works with public and private partners to advance economic opportunities and improve quality of life for all Iowans. Learn more at
Axios
14-07-2025
- Business
- Axios
Black Tech Week draws Keke Palmer as attendance and sponsors surge
Keke Palmer, fresh off the ESSENCE Festival stage in New Orleans, headlines this year's Black Tech Week, a rapidly growing Midwest-based tech summit that blends entrepreneurship, cultural influence and genuine funding opportunities for underrepresented founders. Why it matters: The three-day event, which kicks off Monday, has become a hub for dealmaking, upskilling and ecosystem building for Black and brown innovators in the Midwest and beyond. Only 0.4% of U.S. venture funding went to Black‑founded startups in 2024— the lowest share in years. Black Tech Week is built to close that gap. The Big Picture: Organizers expected fundraising and turnout to take a hit, but the opposite happened. Black Tech Week is growing — even as many major companies, such as Target, Google, Amazon, Meta, and T-Mobile, cut sponsorship funds or eliminate DEI roles due to political and shareholder pressure. Organizers tapped into Ohio institutions, garnering strong local support from the state's Fortune 500 companies. This year, Black Tech Week expanded its sponsors and added workshops focused on entrepreneurship, AI and access to capital. What they're saying: Candice Matthews Brackeen, CEO and founder of Lightship Foundation, which acquired the event, says the event's growth is personal and political. "While other companies pulled back after November, we've gotten bigger," Brackeen told Axios. "The city, the county, the state — they've all shown up to support this." Zoom in: As an Ohio native, she's proud to host a conference that helps put the Midwest at the center of innovation and culture. Brackeen points out that Cincinnati is quickly becoming a core hub, thanks to Intel, Amazon, and massive public-private investment. Ohio is often overlooked, she says, "but Ohio builds businesses, too." Zoom out: When Brackeen first attended the Black Tech Week conference a decade ago, there were only a few hundred people in attendance. This year, more than 6,200 attendees are projected to attend. Speakers for the conference include Fawn Weaver of Uncle Nearest, Calvin Butts Jr. of private equity firm East Chop Capital and a growing slate of Black founders with major exits. Workshops cover AI, venture capital and the soft skills often missing from traditional tech training. "We go from panels in the morning to workshops in the afternoon," Brackeen said. "This isn't just about inspiration — this is where the real work gets done." The vibe is less buttoned-up expo, more real-talk block party for builders, dreamers and dealmakers, said entrepreneur Rodney Walton, who has gone from attendee to speaker. "You don't have to be uptight. You can be who you are," Walton said. "It's authentic, and when people show up that way, business actually gets done." Walton says the conference helped him connect with investors — and even the pastor who officiated his wedding. The bottom line: Brackeen said they are looking for business leaders who are moving the culture every year.
Miami Herald
14-07-2025
- Business
- Miami Herald
Tariffs shake up global spice market
The global spice market is feeling the heat from President Donald Trump's tariff policy. Tariffs as high as 50% are scheduled to take effect Aug. 1 on more than a dozen countries without bilateral trade agreements in place. This comes after the United States imposed 10% base tariffs earlier this year, raising costs for food manufacturers and ingredients suppliers. The U.S. imported more than $2 billion of spices from more than 50 countries in 2024, according to the American Spice Trade Association. Many of these are flavoring ingredients used in "hundreds of billions of pounds of food produced by American food manufacturers," the association said in a March letter to the Trump administration. While the tariff impact on chocolate and coffee has dominated headlines, there are dozens of spices and seasonings set to face higher prices from increasing import duties. Most of these products cannot be commercially grown in the U.S., meaning costs will likely be passed on to consumers without resulting in expanded domestic production. For example, black pepper requires the hot and humid environment found in places such as India, Vietnam and Brazil. Vanilla is primarily grown in Madagascar and requires specific temperature ranges and hand-pollination techniques. Cinnamon is harvested from tree bark native to Sri Lanka and Southeast Asia. It would not be able to survive U.S. winters. Higher costs threaten to raise prices for consumers at a time when food inflation is causing a pullback in consumer spending. It could also force companies to turn to artificial flavoring alternatives, undermining a push from the Trump administration for the food industry to rely more on natural ingredients. Spice maker McCormick said tariffs could cost the company as much as $90 million a year, though most will be offset through changes in sourcing and other measures. Smaller spice makers, however, are less likely to be able to absorb the cost. The Spice House, a Midwest-based company that sells premium spices, operates an Illinois manufacturing facility that grinds and blends spices. Tariffs have created uncertainty and made it "harder to maintain consistent pricing and availability," CEO Allyson Lewis said in prepared remarks to the Senate Finance Committee in April. "We are very proud of the fact that we manufacture our spices domestically and operate an inhouse manufacturing plant and warehouse that employs over 100 people throughout the year," Lewis said. "However, the global nature of the spice trade is putting our small business at risk, increasing costs that we will not be able to absorb." The ASTA has asked for tariff exemptions, particularly for spices that cannot be commercially grown in the U.S. In its letter to Congress, it noted more than a dozen spices it considered a priority list for tariff relief. They include: VanillaCinnamonClovesCardamonCorianderAniseNutmegGingerSaffronDillBasilSageSaltBlack PepperMint leavesThymeBay leaves Copyright 2025 Industry Dive. All rights reserved.
Yahoo
10-07-2025
- Business
- Yahoo
Tariffs shake up global spice market
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. The global spice market is feeling the heat from President Donald Trump's tariff policy. Tariffs as high as 50% are scheduled to take effect Aug. 1 on more than a dozen countries without bilateral trade agreements in place. This comes after the United States imposed 10% base tariffs earlier this year, raising costs for food manufacturers and ingredients suppliers. The U.S. imported more than $2 billion of spices from more than 50 countries in 2024, according to the American Spice Trade Association. Many of these are flavoring ingredients used in "hundreds of billions of pounds of food produced by American food manufacturers," the association said in a March letter to the Trump administration. While the tariff impact on chocolate and coffee has dominated headlines, there are dozens of spices and seasonings set to face higher prices from increasing import duties. Most of these products cannot be commercially grown in the U.S., meaning costs will likely be passed on to consumers without resulting in expanded domestic production. For example, black pepper requires the hot and humid environment found in places such as India, Vietnam and Brazil. Vanilla is primarily grown in Madagascar and requires specific temperature ranges and hand-pollination techniques. Cinnamon is harvested from tree bark native to Sri Lanka and Southeast Asia. It would not be able to survive U.S. winters. Higher costs threaten to raise prices for consumers at a time when food inflation is causing a pullback in consumer spending. It could also force companies to turn to artificial flavoring alternatives, undermining a push from the Trump administration for the food industry to rely more on natural ingredients. Spice maker McCormick said tariffs could cost the company as much as $90 million a year, though most will be offset through changes in sourcing and other measures. Smaller spice makers, however, are less likely to be able to absorb the cost. The Spice House, a Midwest-based company that sells premium spices, operates an Illinois manufacturing facility that grinds and blends spices. Tariffs have created uncertainty and made it 'harder to maintain consistent pricing and availability,' CEO Allyson Lewis said in prepared remarks to the Senate Finance Committee in April. 'We are very proud of the fact that we manufacture our spices domestically and operate an inhouse manufacturing plant and warehouse that employs over 100 people throughout the year,' Lewis said. 'However, the global nature of the spice trade is putting our small business at risk, increasing costs that we will not be able to absorb.' The ASTA has asked for tariff exemptions, particularly for spices that cannot be commercially grown in the U.S. In its letter to Congress, it noted more than a dozen spices it considered a priority list for tariff relief. They include: Vanilla Cinnamon Cloves Cardamon Coriander Anise Nutmeg Ginger Saffron Dill Basil Sage Salt Black Pepper Mint leaves Thyme Bay leaves Recommended Reading Spice giant McCormick warns tariffs could cost $90M a year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
All Energy Solar Expands Services Westward, Bringing Award-Winning Solar Solutions to North Dakota, South Dakota, and Nebraska
SAINT PAUL, Minn., July 10, 2025 /PRNewswire/ -- All Energy Solar Inc, an award-winning leader in solar energy solutions, announce a significant expansion of its Midwest operations to include North Dakota, South Dakota, and Nebraska. This strategic move further solidifies All Energy Solar's commitment to accelerating renewable energy adoption throughout the United States. Since 2009, All Energy Solar has been recognized for its commitment to high-quality solar installations and exceptional customer service, earning numerous accolades within the solar industry. Building on its successful work in Minnesota, Wisconsin, Illinois, Iowa, New Hampshire, and Massachusetts, All Energy Solar's expansion into these new states will bring its expertise and reliable solar workmanship to a broader range of residential, commercial, and agricultural customers seeking to embrace clean, sustainable energy. "As a Midwest-based company, we're proud to expand into North Dakota, South Dakota, and Nebraska," said Ryan Buege, Vice President of Sales and Marketing at All Energy Solar. "We're bringing our five-star customer experience and reliable solar solutions to help more communities lower energy costs, reduce their carbon footprint, and gain energy independence." The expansion comes at a pivotal time for solar as interest in renewable energy continues to surge. With rising energy costs and a growing focus on environmental sustainability, homeowners and businesses are increasingly seeking reliable and cost-effective alternatives to traditional power sources. All Energy Solar's proven track record of delivering high-quality, efficient, and durable solar systems positions it as an ideal partner for those ready to make the switch to solar. All Energy Solar's presence in North Dakota, South Dakota, and Nebraska will help homeowners and businesses take advantage of the 30 percent federal tax credit while it's still available. "This hefty solar incentive is slated to end for most situations after December 31, 2025, but installations that are completed before then will still qualify for the credit," emphasized Buege. "Anyone who is interested in making the switch to solar should get started soon because the cost to install solar may not be as affordable again for years to come." All Energy Solar offers various services, including commercial and residential solar installations, energy storage solutions, electric vehicle chargers, smart electric panels, and roofing in specific locations. The company has installed over 314,000 solar panels, helping over 10,670 customers make the switch to solar so far. This collective effort has resulted in over 115,000 kW (115MW) of clean energy designed and installed by All Energy Solar's extensive in-house team. About All Energy SolarAll Energy Solar Inc. provides a full-service solar energy integration experience for commercial, residential, agricultural, and government customers. With industry-leading certifications and full electrical and building licenses, All Energy Solar installs quality solar power systems with excellent customer service throughout the experience and after installation. View original content to download multimedia: SOURCE All Energy Solar, Inc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
