Trump says China trade talks moving along nicely, but deal has to be right

Reuters | November 10, 2019

U.S. President Donald Trump said on Saturday that trade talks with China were moving along “very nicely,” but the United States would only make a deal with Beijing if it was the right deal for America. Trump told reporters at Joint Base Andrews before leaving for a visit to Tuscaloosa, Alabama, that the talks had moved more slowly than he would have liked, but China wanted a deal more than he did. “The trade talks with China are moving along, I think, very nicely and if we make the deal that we want it will be a great deal and if it’s not a great deal, I won’t make it,” he said. “I’d like to make a deal, but it’s got to be the right deal,” he said. “China very much wants to make a deal,” Trump added. “They’re having the worst year they’ve had in 57 years. Their supply chain is all broken, like an egg, they want to make a deal, perhaps they have to make a deal, I don’t know, I don’t care, that’s up to them.”

Spotlight

The U.S. Department of Transportation's Federal Aviation Administration (FAA) has determined that airlines can safely expand passenger use of Portable Electronic Devices (PEDs) in airplane mode during all phases of flight.

Spotlight

The U.S. Department of Transportation's Federal Aviation Administration (FAA) has determined that airlines can safely expand passenger use of Portable Electronic Devices (PEDs) in airplane mode during all phases of flight.

Related News

GOVERNMENT BUSINESS

Align Capital Partners Makes Growth Investment in GovTech Platform Schneider Geospatial

Align Capital Partners | June 24, 2022

Align Capital Partners announced the recapitalization of Schneider Geospatial, LLC, a SaaS provider of public access land management software and recurring support services to state and local governments. As one of the largest providers of GovTech geospatial solutions in the U.S. with a presence in over 25 states, the Company’s software allows citizens to access disparate government information sources in a more efficient and cost-effective manner. Schneider Engineering Corporation was founded in 1962 and began offering geographic information system (GIS) services in 1989. After the GIS business grew well organically and through several acquisitions, the Schneider family decided to spin out Schneider Geospatial into a separate, independent business in 2018 while maintaining 100% ownership of the Company. Through this transaction, ACP is providing significant growth capital to Schneider Geospatial, while preserving the Schneider family legacy through their continued ownership interest in the Company. “Our grandfather, Vincent Schneider, had a love for technology that was ahead of his time. Our father, John Schneider, embraced this passion and began our GIS business with a keen insight that understood the importance of geographic data. We are very proud of Schneider Geospatial, its award-winning innovations and the amazing group of employees who have made this all happen. We are excited to be associated with Align Capital Partners and we look forward to the future as we continue to grow and expand,” said J. Barry Schneider and Victoria Schneider Temple. Headquartered in Indianapolis, Indiana, the Company’s 50+ person team helps power Schneider Geospatial’s cloud-based software platform that enables clients to manage over 500 million information requests from over 23 million users, including citizens, commercial real estate developers, appraisers, law firms, contractors and inspectors. The Company’s core solution combines web-based GIS data reporting tools including CAMA and tax, ownership history, liens, boundaries, environmental issues and topography, into a single, user-friendly web application. We are excited to continue our partnership with our amazing clients. ACP’s investment allows us to accelerate several of our growth initiatives which will result in even better solutions and services to our clients. Our talented team is excited to continue this next phase of the Company’s growth.” Jeff Corns, CEO of Schneider Geospatial Schneider Geospatial is ACP’s second GovTech platform investment to date, following its 2020 investment in Electronic Transaction Consultants Corporation. “The Company has a very strong value-proposition of helping clients provide public access to digitized records as a replacement to a historically inefficient and labor-intensive experience,” said ACP Managing Partner Chris Jones. “Our enthusiasm for Schneider Geospatial plays on the attractive tailwinds of our firm’s GovTech thesis. The Company is well positioned to help governments replace antiquated technology, increase access to important digitized information and enhance information sharing capabilities to improve citizen engagement.” This represents ACP’s 72nd closed investment since the firm was founded in 2016 and is ACP’s 11th new investment year-to-date, including two platforms and nine add-on investments. Principal Matt Iodice and Associate Aaron Lewis worked alongside Mr. Jones on the transaction. Schneider Geospatial was advised on the transaction by Faegre Drinker Biddle & Reath LLP, while ACP was supported by Calfee, Halter & Griswold LLP. About Schneider Geospatial Schneider Geospatial is a provider of State & Local Government SaaS public access solutions and support services. The Company’s products include award-winning SaaS solutions such as Beacon™ and qPublic.net™ focused on local government information for the web; GeoPermits™ which is a SaaS permitting and workflow management platform; and Agland™ used to automate the calculating process for agricultural assessments. In addition to a diverse product portfolio, the Company offers a full range of GIS, technology and GovTech services. About Align Capital Partners Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors.

Read More

GOVERNMENT BUSINESS

Forward Networks Collaborates with Carahsoft to Provide Enterprise Network Verification, Visualization, and Cyber Security Tools to Federal Government

Forward Networks | May 18, 2021

Forward Networks, the industry leader in network assurance and intent-based verification, reported today that it has been named a manufacturer on the U.S. Army Computer Hardware Enterprise Software and Solutions contract (ITES-SW2) (CHESS). Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, holds this contract, which is valid until August 30, 2025. The ITES-SW2 contract vehicle is a firm-fixed-price, indefinite-delivery/indefinite-quantity contract vehicle for commercial off-the-shelf software devices, as well as associated services and hardware. There are no costs associated with the deal, and ordering is available to all Army, DoD, and Federal departments, as well as approved systems integrators, on a global scale. Under this contract, Carahsoft provides Forward Networks of software, software maintenance, and ancillary services to support the enterprise software needs of federal agencies. By providing an always accurate digital twin of the network, the Forward Networks platform assists Army, DoD, and Federal Government customers in making their networks more predictable, agile, and safe. The Forward Networks platform is based on a mathematical model that can map any possible traffic route in the network, provide a complete device index with configuration and state details, and predict how improvements will affect the network before they are pushed live, based on years of Ph.D. and business research. Customers who use the platform report saving hundreds of hours per week on troubleshooting, reducing network outages significantly, and saving millions of dollars every year. The Forward Networks platform provides comprehensive visibility, that security teams appreciate. The verification feature includes an ongoing audit to ensure that the network is following security policies. When an incident occurs, the platform's diff application enables security analysts to determine when the network was compromised, what change caused the incident, and locate all affected hosts. The Forward Networks platform is available as an on-premises solution or as a SaaS solution. About Forward Networks Forward Networks is transforming how large networks are managed. Forward's advanced software creates a network's "digital twin," enabling network operators to verify intent, predict network activity, and simplify network management. Both major networking vendors' devices, as well as AWS, Azure, and Google Cloud Platform are supported by the platform. Forward Networks, headquartered in Santa Clara, California, was founded in 2013 by four Stanford Ph.D. graduates. Goldman Sachs, Andreessen Horowitz, Threshold Ventures, and A. Capital is among the investors.

Read More

GOVERNMENT BUSINESS

Endo Announces Fill-Finish Manufacturing Agreement with U.S. Government to Support Production of Critical Medicines

Endo | November 20, 2021

Endo International plc today announced that its subsidiary, Par Sterile Products, LLC (Par Sterile), has entered into a cooperative agreement to expand its sterile fill-finish manufacturing production capacity and capabilities at its Rochester, Michigan plant to support the U.S. government's national defense efforts regarding production of critical medicines advancing pandemic preparation. Under the terms of the agreement, Par Sterile's Rochester facility will establish a new sterile fill-finish manufacturing asset capable of processing liquid or lyophilized products requiring Biosafety Level (BSL) 2 containment. It will also provide expanded product inspection and packaging capacity as well as sterile fill-finish manufacturing services to the U.S. Government. Under the terms of the agreement, the U.S. government will fund approximately $90 million of the program's total expected cost of approximately $120 million. "Endo strives to be a force for good, and we are proud to partner with the U.S. government in its efforts to expand and accelerate domestic manufacturing in support of future pandemic preparedness. This collaboration underscores our longstanding history as a U.S. manufacturer of high-quality medicines." Blaise Coleman, President and CEO of Endo The agreement is a result of efforts defined under the Defense Production Act to address vulnerabilities in critical product supply chains and strengthen the advancement of manufacturing and on-shoring of domestic essential medicines production. The Department of Defense's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND) Joint Assisted Acquisition team in partnership with Army Contracting Command– Aberdeen Proving Ground (ACC - APG) – COVID Response are the awarding and administering acquisition offices. This work was supported by the ACC - APG – COVID Response, under the authority of 31 U.S.C. 6305 pursuant to Section 3101 of the American Rescue Plan Act (Public Law 117-2) and Title III of the Defense Production Act of 1950 (50 U.S.C. 4533) under Award No. W58P05-22-2-0001. Opinions, interpretations, conclusions and recommendations are those of the author and are not necessarily endorsed by the JPEO-CBRND or ACC – APG – COVID Response. About Endo Endo is a specialty pharmaceutical company committed to helping everyone we serve live their best life through the delivery of quality, life-enhancing therapies. Our decades of proven success come from passionate team members around the globe collaborating to bring the best treatments forward. Together, we boldly transform insights into treatments benefiting those who need them, when they need them.

Read More