Cummins (CMI) and Isuzu Motors Limited announce an agreement to create a prototype medium-duty, battery electric truck to demonstrate in North America. This truck represents the first zero-emissions solution facilitated by the Isuzu Cummins Powertrain Partnership formed in May 2019. Through this arrangement, Cummins will integrate the Cummins PowerDrive6000 into Isuzu's F-Series truck and will pilot the truck with prominent North American fleets beginning in 2022. Following a successful demonstration and pilot phase, Isuzu will explore opportunities to commercialize medium-duty, battery-electric trucks with Cummins-powered systems across North America.
Walmart (WMT) announces plans to build a fulfillment center in Olive Branch to support the retailer's rapidly increasing supply chain network and eCommerce business — the facility will be a 1,000,000+ square-foot fulfillment center, which is located at 10480 Marina Drive and is set to open in Spring 2022. The new Olive Branch-based facility will create approximately 250 full-time, permanent jobs across the region.
DraftKings (DKNG) announces a multi-year financial commitment to assist the state councils across the country providing critical funding which will support the work of local nonprofit organizations. As part of the new initiative, entitled The State Council Funding Program, DraftKings has offered each state council $15,000 per year for three years, a total overall commitment of $1,575,000 over the span of the three-year program.
Xilio Therapeutics (XLO) announces that the first patient has been dosed in the company's Phase 1/2 clinical trial evaluating XTX202 for the treatment of solid tumors. XTX202 is a modified form of IL-2 that is designed to localize activity in the tumor microenvironment, with the goal of overcoming the known tolerability challenges of existing IL-2 therapies while achieving enhanced anti-tumor activity.
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