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Featured

Carney touts Canada 'pivot' away from US as tariffs rise

Canadian Prime Minister Mark Carney on Tuesday said reducing economic ties with the United States would come at a cost but the long-term benefits were clear, as retaliatory tariffs on US products took effect.

The "Everlasting Battery" Inside Your Joints:UConn Professor's Self-Powered Healing Material just Got Acquired

A material that turns your own movement into medicine has just landed a corporate home. PetVivo Holdings (OTCQX: PETV), a veterinary biotech and biomedical device company focused on treating osteoarthritis in dogs and horses, has acquired PiezoBioMembrane (PBM) — a startup built around a biodegradable implant that generates electricity from the everyday force of a joint in motion, and uses that charge to help regrow cartilage from the inside out. The material is the invention of Thanh Nguyen, a professor of mechanical engineering in UConn's College of Engineering, who founded PBM in 2021 to advance new implementation methods for his work with piezoelectric materials — substances that convert mechanical force into electrical energy. These materials are typically ceramics: hard, brittle, and poorly suited for medical use. But Nguyen's lab developed new forms that are so , flexible, and biodegradable, breaking down naturally within the body over time. wound healing, The materials have already shown strong potential across a range of medical applications, including tissue regeneration, implanted force sensors, and targeted drug delivery in tumor treatment. How It Works biodegradable ultrasound for In the case of arthritis, Nguyen explains, the piezoelectric materials function as an off-the-shelf product that can be implanted or injected directly into the ailing joint — with no drugs, chemicals, or cells required. The everyday force exerted on the joint generates a small electrical charge, which helps regrow healthy cartilage, mimicking the body's natural use of electricity to regenerate tissue. "The body can be electrically stimulated to regrow," Nguyen says. PBM's materials "act like a battery — an everlasting battery that works whenever there is a force applied, and vanishes safely inside the body over time." PetVivo's Vision for the Acquisition PetVivo Holdings CEO John Lai expressed enthusiasm for the merger's potential to improve the lives of companion animals globally. "PBM has developed a compelling functional biomaterials platform with the potential to support the development of multiple medical device and therapeutic product lines across both human and animal health markets," Lai said in a press release. "By combining PBM's scientific innovation with PetVivo's product development capabilities, commercialization experience, regulatory expertise, and public company infrastructure, we believe we can accelerate theadvancement of technologies that may serve as the foundation for numerous future products and strategic opportunities." For Nguyen, the deal is a chance to scale technology that could eventually benefit both animals and people. "PetVivo is an animal health company, but they do have a big passion: pushing the technology towards clinical trials for human use," Nguyen says. "That aligned perfectly with my passion for developing technology that has an impact on human life. That is why I am excited about this merger, which facilitates my passion." A Track Record of Innovation Nguyen's research sits at the intersection of medicine, micro/nanotechnology, and biomaterials. His inventions have earned him publications in prominent scientific journals and media coverage from outlets including NPR. Nguyen founded PBM during the COVID-19 pandemic, a er realizing the material he had developed could be used to create an especially effective, biodegradable face mask — one where the mechanical force of breathing generated an electrical charge that provided an extra layer of protection against viruses. PBM is not Nguyen's only venture in the acquisition pipeline. His other startup, Single-Time Microneedles (STM), is also currently undergoing an acquisition process. STM has pioneered stable, efficient vaccine delivery technology in the form of an adhesive patch. shelfNguyen's focus on biodegradable materials has translated into a remarkably diverse range of medical applications. He has received five R01 grants from the National Institutes of Health (NIH) supporting research in cartilage regeneration, bone regeneration, HIV antibody delivery systems, and biodegradable ultrasound technology to boost the effectiveness of chemotherapy for brain cancer. "Whatever we are working on, we want to show that it works very well in vitro and in vivo," Nguyen says. "Then, when we are at the point of commercialization, we set up a startup or license the technology — or maybe team up with an industry partner." Thanh Nguyen is a professor of mechanical engineering in UConn's College of Engineering. (Courtesy of Thanh Nguyen

Last news

Bank of Japan raises key interest rate for second time in 17 years

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.

Samsung Electronics Q2 shows fastest growth in over a decade

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Greece tries to tempt its emigrants back home

When Konstantinos Tsanis got his doctorate in finance in 2011 at the height of Greece's debt crisis, his chances of a well-paid job at home were pretty thin.

US Fed expected to pause again and hint at September rate cut

The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.

Samsung Electronics says Q2 operating profits soar to $7.5 billion

Samsung Electronics said Wednesday that its operating profits soared fifteen-fold to $7.5 billion for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Starbucks profits fall again but CEO says turnaround underway

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track.

Clashes break out as third child dies in UK knife attack

Violent clashes broke out on Tuesday in the northern England town where a mass stabbing at a Taylor Swift-themed dance event claimed the lives of three children.

P&G eyes overall sales growth despite China weakness

Procter & Gamble projected revenue growth over the next 12 months as the consumer products giant reported mixed results Tuesday, with solid US and European sales offset by continued weakness in China.

Activists celebrate LGBTQ Olympians in 'city of all loves'

On the shores of the River Seine, a fan zone dotted with rainbow-themed paraphernalia hopes to draw in the crowds to celebrate a record number of openly LGBTQ athletes at this year's Olympics.

With Games in full swing, opening ceremony controversy simmers on

The controversy over the iconoclastic opening ceremony of the Paris Olympics is refusing to abate days into the Games, with conservative political figures worldwide condemning a show that has been staunchly defended by President Emmanuel Macron and its creators.

Airbus first-half net profit halved to 825 mn euros

Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.

Stock markets mostly higher before key earnings, rate calls

Leading stock markets mostly rose Tuesday ahead of a slew of interest-rate decisions and earnings from big companies.

German economy unexpectedly shrinks in second quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

Third child dies following mass stabbing in UK

A third child died on Tuesday and five others remained critically injured after a knife attack on a Taylor Swift-themed dance event in a quiet seaside community in northern England, police said.

Spain watchdog fines Booking.com 413 mn euros

Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years.

UK police question teen held after deadly mass stabbings

UK police on Tuesday questioned a 17-year-old suspect arrested after a "ferocious" knife attack which killed two children and critically injured eight others.

Chinese leaders pledge further support for flagging economy

President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.

France, Spain log solid growth in second quarter

The French economy grew faster than expected in the second quarter, official data showed Tuesday, giving a boost to the eurozone.

India's 'visa temple' bestows tickets to the American dream

Some gods grant riches and others good luck, but one deity in India offers a much less nebulous fortune to his devotees: tickets to a new life in the United States.

Drought in Sicily threatens grain fields, animal herds

A crushing drought in Sicily has withered fields of grain, deprived livestock of pasture land and fanned a spate of wildfires, causing damage already estimated at 2.7 billion euros this year.

Belgium flexes its new locally sourced mussels

It is a popular tradition to eat mussels in Brussels but what may surprise many is that none of the molluscs visitors enjoy are locally sourced in Belgium.

Two children dead, six critically injured in UK knife attack

Two children have been killed and nine more injured, six critically, in a knife attack at a dance class in northern England on Monday, police said.

Profits fall at McDonald's as it redoubles value push

Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.

UK warns of extra £22bn hole in public finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.

Stocks rally runs out of puff as focus turns to interest rates

A rally on stock markets lost its legs Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.

UK facing £22bn hole in public finances: minister

Britain's Labour finance minister Rachel Reeves declared Monday that public finances faced an extra hole of £22 billion inherited from the Conservatives, who warned she was readying tax hikes.

Iowa latest US state to adopt near-total abortion ban

After a year-long legal battle, Iowa became the latest US state to enact a near-total abortion ban on Monday, keeping the charged issue of reproductive rights at the forefront of November's presidential election.

Fibre optic cables targeted in new infrastructure attack in France

France was on Monday probing the possible involvement of ultra-left movements in attacks that paralysed the rail network at the start of the Olympic Games, as new sabotage acts affected fibre optic cables in several areas.

Stock markets mostly rise as focus turns to interest rates

Major stock markets mostly advanced Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.

French police arrest ultra-left activist after sabotage attacks: source

French authorities have arrested an activist belonging to an ultra-left movement at a site belonging to national rail operator SNCF, days after sabotage attacks paralysed the network at the start of the Olympic Games, a police source said Monday.

Asian markets extend Wall St rally after US data and ahead of Fed

Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.

'Deadpool & Wolverine' opens to 'spectacular' $205 million

New Disney/Marvel comedy "Deadpool & Wolverine" scored a "spectacular" opening in North American theaters this weekend, its huge take of $205 million placing it not just near the top of superhero films but marking the eighth-biggest opening ever, analysts said Sunday.

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Arizona Tribune - Economy (English)