Wednesday - November 27, 2024
State Tipoffs Involving Illinois Newsletter for Thursday September 19, 2024 ( 11 items )  

'IWU Brew' to Debut at Homecoming Through DESTIHL Brewery Collab
BLOOMINGTON, Illinois, Sept. 19 -- Illinois Wesleyan University issued the following news release: Illinois Wesleyan University is partnering with DESTIHL Brewery, of Normal, to release a custom beer named "IWU Brew." The collaborative beer will debut for Titan fans during Homecoming celebrations, with an event from 11 a.m. to 1 p.m. on Saturday, Oct. 5, at Tommy's restaurant in the lower level of Hansen Student Center. IWU Brew (pronounced I-WOO brew) will be available for purchase at the eve  more

Kirkland Advises Olympus-Backed Rise on Sale
CHICAGO, Illinois, Sept. 19 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised private equity firm Olympus Partners and its portfolio company Rise Baking Company on the sale of Rise to investment firm Platinum Equity and private equity firm Butterfly. The transaction was announced September 17, 2024. Olympus bought Rise in 2018, and the company completed several significant acquisitions including Brill, Dawn Frozen Products division, Wonder Brands Pi  more

Mayer Brown Advises Blackstone on the Acquisition of AirTrunk as Hong Kong Legal Counsel
CHICAGO, Illinois, Sept. 19 -- Mayer Brown, a law firm, issued the following news: Mayer Brown acted as Hong Kong legal counsel to Blackstone and the consortium of buyers formed with the Canada Pension Plan Investment Board on the acquisition of AirTrunk, a leading Asian data center operator, for an implied enterprise value of A$24 billion (US$16.1 billion), working alongside Simpson Thacher & Bartlett to complete the transaction. This represents Blackstone's largest investment in Asia Pacific   more

McDermott Advises Brightflow on Its Series A Fundraising
CHICAGO, Illinois, Sept. 19 -- McDermott Will and Emery, a law firm, issued the following news release: McDermott Will & Emery has advised Brightflow SAS, a privately held pioneer in the field of long-term percutaneous mechanical circulatory support to treat end-stage heart failure patients, on its Serie A fundraising. The EUR 16.5 million round was led by new investors VIVES Partners (Belgium), Majycc Innovation Sante - UI Investissement (France), BNP Paribas Development (France) and internat  more

Northwestern to lead $20 million National AI Research Institute in Astronomy
EVANSTON, Illinois, Sept. 18 -- Northwestern University issued the following news release: A large multi-institutional collaboration, led by Northwestern University, has received a $20 million grant to develop and apply new artificial intelligence (AI) tools to astrophysics research and deep space exploration. Jointly funded by the National Science Foundation (NSF) and the Simons Foundation, the highly competitive grant will establish the NSF-Simons AI Institute for the Sky (SkAI, pronounced "  more

TransUnion and MoneyLion Partner to Deliver Powerful Personalized Financial Products and Services
CHICAGO, Illinois, Sept. 18 -- TransUnion, a risk information provider, issued the following news release: * * * This strategic alliance brings innovative solutions to market that will elevate personalization for consumers and financial institutions * * * TransUnion (NYSE: TRU) and MoneyLion (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to make their best financial decisions, announced today a strategic partnership to increase personalization within consumer fin  more

Treasurer Frerichs Honors Hispanic Leaders And Celebrates Hispanic Heritage Month
SPRINGFIELD, Illinois, Sept. 19 -- Illinois State Treasurer Michael Frerichs issued the following news release on Sept. 18, 2024: * * * Illini Basketball Associate Head Coach, CPS Educator, Downstate Artist and Entrepreneur Recognized for Their Achievements Video of the event will be posted here: https://cms.illinois.gov/agency/media/video/videos.html * * * Illinois State Treasurer Michael Frerichs today hosted a celebration to commemorate Hispanic Heritage Month, honoring the work of comm  more

University of Chicago: AI is Biased Against Speakers of African American English, Study Finds
CHICAGO, Illinois, Sept. 18 (TNSres) -- The University of Chicago issued the following news: * * * Large language models attributed negative attributes, less prestigious jobs and more convictions to speakers * * * By Tori Lee With each version of large language models like ChatGPT, developers have gotten better at filtering out racist content absorbed through sources like the internet. But researchers have discovered more subtle, covert forms of racism--such as prejudice based on how someon  more

UScellular Drives Creation of Unique Research-Based STEM Program to Tackle Declining Interest Among Youth
CHICAGO, Illinois, Sept. 18 -- UScellular issued the following news release: * * * * Company wanted to intensively study the "why" behind declining STEM interest between ages 11-15. * New program guide created using research by prominent developmental psychologist and researcher. * New afterschool course rolls out nationwide through YWCA TechGYRLS. * * * STEM interest among youth continues to decline as they transition to adolescence, and wireless carrier UScellular wanted to take a deep d  more

Why petting your cat leads to static electricity
EVANSTON, Illinois, Sept. 18 -- Northwestern University issued the following news release: Anyone who has ever pet a cat or shuffled their feet across the carpet knows that rubbing objects together generates static electricity. But an explanation for this phenomenon has eluded researchers for more than two millennia. Now, Northwestern University scientists have finally uncovered the mechanics at play. When an object slides, the front and back parts of that object experience different forces,   more

WIU Alumna Zero Named 'Illinois K-8 School Counselor of the Year'
MACOMB, Illinois, Sept. 19 -- Western Illinois University issued the following news release: MOLINE, IL - - Western Illinois University is proud to announce that Amy Zero, a graduate of WIU's Counselor Education program and School Counselor at Rock Island Academy, has been named the Illinois School Counselor Association's (ISCA) 2024 Illinois K-8 School Counselor of the Year. Zero, who will be honored at the ISCA Conference in November, has been recognized for her exceptional contributions to   more