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Gene editing startup Tessera announces workforce reduction amid pipeline shift

Tessera’s layoffs come amid broader biotech industry adjustments, with the company narrowing its research scope to core gene-editing efforts tied to its partnership with Regeneron and moving other projects

https://www.boston.com/news/business/2026/01/12/somerville-biotech-company-laying-off-35-of-workforce/

#Biotech #Layoffs #Partnership #WorkforceReduction

New Partnership!

I've told you all. They are doing just fine. Read the article. They don't even care to mention retail as part of their core 5 businesses. So stop crying about their lack of brick and mortar locations. They aren't a retail business anymore.

https://www.businesswire.com/news/home/20251222584547/en/Transformco-Fidem-Financial-and-Funds-Managed-by-Blue-Owl-Launch-Aress-a-Next-Generation-Co-Brand-Credit-Card-Servicing-Platform

#Partnership #Strategy #Retail

Class A limited partnership - no more profits

Have you read the new partnership agreement? Class A shareholders will only get the 7.5% payments and that's it. No more variable profits.

Only Class B shareholders will get the variable profits (but no guaranteed payments at all).

It also talks about public offerings. Oh but we're not for sale, right? Funny how from what I can see, that piece wasn't in previous LP documents.

https://www.sec.gov/Archives/edgar/data/815917/000119312525266808/ck0000815917-ex3_1.htm

#Partnership #Profit #SEC #Shareholder

Coin Toss & Crying

What happened with the coin toss? People are saying it was botched but I didn’t see anything that indicated it went poorly? In a strange video she said she trained for the coin toss….and I don’t think she was joking. Lastly, it has been reported that PP was crying a lot signing the new partnership agreement - is that true?

#Company #Culture #Discussion #News #Partnership

IBM shares climb after unveiling quantum networking partnership with Cisco

Two failing and dying tech companies trying to make it together in a pathetic partnership with the magic word - "Quantum".

(The IBM shares are not yet back to the 300 dollar mark - LOL )

https://www.msn.com/en-us/money/other/ibm-shares-climb-after-unveiling-quantum-networking-partnership-with-cisco/ar-AA1QOYUP?ocid=msedgntp&cvid=7938789abfa947c2dfa46afd1353a0c5&ei=26

#Company #News #Partnership #Stock #Technology

Nike be warned!!! don't get too close with amazon

dealing with amazon might be sweet in the beginning but it will ki-l you down the line.

Yes, amazon will deliver few billion dollars of sales immediately but keeping them close will ki-l you down the line by cutting independence, originality, fresh new views, objectivity!!
Look at Toys are us, book publishers and latest victim is turns out is UPS. This is short list that comes to my head

Nike be free and independent !!!

#Partnership #Strategy #Retail #Market #Risk

Let’s Talk About Risk, Bonuses, and the New Limited Partnership Offer

I want to start this conversation because something isn’t adding up in the way our company talks about risk and reward.

We’ve all heard the narrative:
“Partners take on the financial risk, while employees share in the success.”

But when you look at how our compensation and margins actually work, the picture appears to be very different.

How the Current Model Really Works
Here’s what the numbers show:
• 11-12% profit margin is built into the financial model for LP and GP payments every year. Approximately 72% of that margin goes to the GPs. See page 30 and 50 of the publicly available 10-K.

•   After covering that 12%, whatever’s left goes to the employee variable compensation pool (bonuses,and profit sharing). We have all heard during bonus time that employee bonus can not be make the profit margin fall below a certain percentage depending on the bonus level.

In formula term
Revenue - Expenses - Bonus Pool = 0.12 Profit Margin
So the bonus pool is 0.88(Revenue - Expenses)

That means when expenses increase, bonuses automatically go down, because the partners’ 12% margin stays fixed.

Let’s put that into perspective:
Scenario Revenue Expenses Partners (12%) Employee Bonus
Normal year $10M $7M $1.2M $1.8M
Expenses increase $10M $7.5M $1.2M $1.3M

Even though revenue doesn’t change, employee bonuses fall by $500K while partners’ returns stay identical.

So the idea that partners are “bearing the risk” of expense increases doesn’t appear to be accurate mathematically. Employees appear to be bearing the brunt of increased expenses with lower bonuses. Unless my math is wrong, which maybe it is, but there have been lots of discussions about decreased bonuses with record profits over the years.

Now About the New Limited Partnership Offer
At first glance, it sounds like a great opportunity.

But here’s what’s changed under the surface:
Before: Limited partnership returns were guaranteed.
Now: There’s no guaranteed return, just “potential for higher earnings.”

That means the company is shifting more financial risk from the partners to employees. If GP payouts are guaranteed first, then the LPs again are taking on the risk of increased spending by the GPs.

What We Should Be Asking
Before signing or investing, ask these questions in writing:

1.  Priority of payments:
        Who gets paid first — partners or limited partners — and in what order?
2.  12% margin protection:
        Are we maintaining 12% margin protection and do GPs still get 72% of that margin? What percent will go to LPS?
3.  Profit calculation transparency:
        How exactly is “profit” defined for distribution purposes? Are partner salaries, perks, or expenses deducted first?
4.  Historical context:
        What would limited partner returns have been under this new structure for the past five years?
5.  Liquidity and exit:
        If an employee leaves or wants to sell their stake, how is the value determined? Is there a buyback obligation, and at what price?
6.  Governance:
        Do limited partners have any say in how profits are allocated or reported?

The offer sounds good but without a guaranteed return, you’re taking on real investment risk. At the same time, if the partner allocation remains fixed, then the risk is being shifted more to LPs.

This doesn’t mean we shouldn’t participate, there are still many unknowns about the new offering. It does mean you should go in with eyes wide open. Transparency and informed consent are what fairness look like. If the company truly wants shared success, the financial model should reflect shared risk not just shared language. I hope I am wrong and this is a good thing because given what we have all been through this year we need a silver lining. The culture has shifted drastically and a lot of trust has been lost. Let’s make sure we are asking the right questions to ensure GPs aren’t raking in cash and spending like drunken sailor, while we get the crumbs.

#Risk #Bonus #Partnership #Profit #Transparency

Wow! Some major AI news

SANTA CLARA, Calif., Oct. 06, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and OpenAI today announced a 6 gigawatt agreement to power OpenAI’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs. The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to begin in the second half of 2026.

AMD’s strong leadership in high-performance computing systems and OpenAI's pioneering research and advancements in generative AI places the two companies at the forefront of this important and pivotal time for AI.

Under this definitive agreement, OpenAI will work with AMD as a core strategic compute partner to drive large-scale deployments of AMD technology starting with the AMD Instinct MI450 series and rack-scale AI solutions and extending to future generations. By sharing technical expertise to optimize their product roadmaps, AMD and OpenAI are deepening their multi-generational hardware and software collaboration that began with the MI300X and continued with the MI350X series. This partnership creates a true win-win for both companies, enabling very large-scale AI deployments and advancing the entire ecosystem.

#AI #Partnership #Technology

Loffler takes over all xerox service and covering SMB sales in midwest

https://www.prnewswire.com/news-releases/loffler-companies-expands-partnership-with-xerox-to-lead-service-and-sales-coverage-across-the-upper-midwest-302573910.html

"Loffler will take on full responsibility for servicing all existing Xerox direct customers while also assuming sales coverage for SMB clients across Nebraska, North Dakota, South Dakota, and Minnesota."

Just the start.

#Partnership #Service #Sales #MidWest #Outsourcing

Intel spikes on reports of potential AMD manufacturing deal

If anything, this makes some reasonable sense. Since IFS has experience making x86, which a large % of equipment is optimized for... so that's would make any transition 100x easier vs a non x86 design. AMD get's access to a US supplier to appease the Administration, and get a 2nd source instead of TSMC, which would give them both some diversification, and more importantly, some possible pricing relief. The biggest hurdle is AMD willing to send money to their biggest PC and Server competitor... or are the benefits offset that risk. Given IFS isn't going to be profitable with or without AMD... there's actually a reasonable chance AMD would sign on to IFS (prob with some old legacy designs just in case IFS sc--ws the pooch... like they have the last 15 years).

#Manufacturing #Partnership #Semiconductors

LBT steal the credit? Teams at Nvidia and Intel have been working in secret on jointly developed processors for a year

The work began around a year ago, and preliminary agreements were reached by Intel's then-CEO Pat Gelsinger and Nvidia's Jensen Huang even before that. (A year ago, Joe Biden was president, though no one suggested his administration was involved, either.)

--> Did LBT steal the credit without giving credit to PG who worked with Jensen on the joint product a year ago ?

https://www.tomshardware.com/pc-components/cpus/teams-at-nvidia-and-intel-have-been-working-in-secret-on-jointly-developed-processors-for-a-year-the-trump-administration-has-no-involvement-in-this-partnership-at-all

#Partnership #Technology #Leadership

Wins for Intel and for NVIDIA in this deal. Losses for AMD and Qualcomm

i think both parties will be made stronger for this. Intel needed this. Nvidia is advantaged with this, but was succeeding without.

https://www.tomshardware.com/pc-components/cpus/nvidia-and-intel-announce-jointly-developed-intel-x86-rtx-socs-for-pcs-with-nvidia-graphics-also-custom-nvidia-data-center-x86-processors-nvidia-buys-usd5-billion-in-intel-stock-in-seismic-deal

#Partnership #Competition

Impact to Gaudi, shores or Arc

The recent collaboration between Nvidia and Intel is a complex strategic maneuver with significant implications for Intel's ambitions in AI and GPUs. It can be seen as both a smart move to leverage its core strength (x86) and a potential risk to its own competing product lines.
Here's a breakdown of the key considerations:
A Sign of x86 Expansion and Reinforcement

  • Playing to its Strengths: The partnership allows Intel to lean into its most dominant position: the x86 CPU and its vast ecosystem. By building custom x86 CPUs for Nvidia's data center platforms, Intel is solidifying its role as the "head node" for AI workloads. Even in a GPU-accelerated world, a CPU is still required to manage the system and run the operating system, and Intel's x86 processors are the default choice in most data centers.
  • IDM 2.0 and Foundry Services: This deal is a major win for Intel's IDM 2.0 strategy, which aims to make Intel a leading foundry for other companies. Manufacturing custom x86 chips for Nvidia, a major customer and the market leader in AI, is a massive vote of confidence in Intel's manufacturing capabilities.
  • Expanding Market Reach: The collaboration on consumer-level "x86 RTX SoCs" with integrated Nvidia GPU chiplets allows Intel to offer a more compelling product in the growing AI PC market. This could help Intel regain some of the market share lost to AMD in gaming and high-performance laptops. It's a way to integrate a world-class GPU into its x86 platform without having to design one from scratch for every product line.
    A Risk to Intel's AI Accelerator and GPU Ambitions
  • Competitive Headwind for Gaudi: The collaboration poses a direct, existential risk to Intel's Gaudi AI accelerator line. If Nvidia is using custom Intel CPUs for its AI platforms, it suggests that Nvidia believes the optimal solution involves pairing its GPUs with a customized x86 CPU, not with a competing AI accelerator like Gaudi. While Intel's Gaudi has shown strong performance and price-to-performance metrics, it has a tiny market share compared to Nvidia's overwhelming dominance. This partnership could signal that Intel is prioritizing its foundry business and its core x86 platform over the uphill battle of competing directly with Nvidia's GPUs.
  • Potential for Cannibalization: The "x86 RTX SoC" product for PCs could cannibalize demand for Intel's own discrete Arc GPUs. While Intel is still developing Arc, the deal gives them a compelling alternative to offer PC manufacturers and consumers who want a powerful, integrated solution with a market-leading GPU. This could reduce the incentive for Intel to continue investing heavily in its own consumer-level GPU designs.
  • Shifting Focus: While Intel has consistently stated its commitment to both Gaudi and Arc, a deep partnership with the market leader in both of those areas could lead to a strategic shift. Intel may decide that its primary role in the AI ecosystem is to be the foundational CPU provider and a leading foundry, rather than a direct competitor to Nvidia in every market segment.
    In conclusion, the partnership is a double-edged sword. It's a pragmatic and low-risk move that leverages Intel's core strengths, reinforces its IDM 2.0 strategy, and gives it access to the most powerful AI ecosystem. However, it also creates a direct and formidable competitor to its own in-house AI and GPU products, potentially signaling a de-emphasis on those ventures in favor of a more strategic, and perhaps more profitable, partnership with the market leader.
#AI #Strategy #Partnership

Itanium vs Nvidia investment

The key differences between Nvidia's recent collaboration with Intel and the Itanium partnership between Intel and HP lie in the nature of the partnership, the strategic goals, and the market context.
Itanium (Intel & HP)

  • Aimed at a New Architecture: The Itanium project was a joint effort to create a brand-new, 64-bit instruction set architecture (ISA) called IA-64. This was a direct attempt to challenge and replace the dominant x86 architecture, particularly in the high-end server and enterprise market. It was a massive, ground-up undertaking to redefine a computing standard.
  • Focus on a Single Product Line: The partnership was centered on the Itanium processor family, with the goal of creating a "unified computing infrastructure." HP, which had been developing its own PA-RISC processors, partnered with Intel because the cost of proprietary chip development was becoming prohibitive.
  • High-Risk, High-Reward: The project was a huge gamble for both companies. It required significant financial investment (billions of dollars) and a long development timeline. The success of Itanium depended on its widespread adoption, which would require software developers to port their applications to the new architecture.
  • Ultimately a Failure: The Itanium project is widely considered a failure. It was plagued by delays, performance issues, and a lack of software support. In the meantime, the x86 architecture, particularly with the introduction of AMD's 64-bit extensions (x86-64), evolved to meet the needs of the server market. This led to Itanium becoming a niche product used almost exclusively by HP (and later, HPE) for its high-end servers.
    Nvidia & Intel
  • A Partnership of Complements, Not Replacements: The Nvidia and Intel collaboration is not about creating a new, competing architecture. Instead, it's about integrating the strengths of their existing platforms. Intel's expertise is in CPUs and the x86 ecosystem, while Nvidia's is in AI and accelerated computing with its GPUs.
  • Focus on Integration and Ecosystems: The partnership aims to create new products by combining their technologies. This includes Intel building custom x86 CPUs for Nvidia's AI infrastructure and Intel creating system-on-chips (SoCs) that integrate Nvidia's RTX GPUs for personal computers.
  • Strategic and Commercial: The deal is a commercial partnership with clear business goals for both sides. For Intel, it secures a major customer for its foundry services and helps it compete more effectively in the AI market, where Nvidia has a dominant lead. For Nvidia, it gives them access to Intel's CPU and x86 ecosystem, and a potentially more secure and diversified supply chain.
  • Lower Risk, High Potential: This collaboration is less of a "bet the company" move than Itanium was. It leverages existing, successful architectures and technologies. The risk is lower because they are not trying to create a new market from scratch; they are trying to gain a greater share of existing markets by offering compelling, integrated products. The investment from Nvidia in Intel stock further solidifies the financial alignment of the two companies.
    In summary, the Itanium partnership was a bold, but ultimately unsuccessful, attempt to create a fundamentally new computing standard to displace x86. The Nvidia-Intel collaboration, in contrast, is a more pragmatic and strategic alliance to combine the strengths of two industry leaders, leveraging their established technologies and ecosystems to compete more effectively in the evolving data center and PC markets.
#AI #Partnership #Strategy

Nvidia bets big on Intel with $5 billion stake and chip partnership

https://www.reuters.com/world/asia-pacific/nvidia-bets-big-intel-with-5-billion-stake-chip-partnership-2025-09-18/

  • Nvidia stake follows big investment from US government
  • Nvidia's $5 bln investment makes it one of Intel's largest shareholders
  • Intel-Nvidia partnership poses risk to TSMC and AMD
  • Collaboration aims to enhance AI and computing capabilities

This is more than OK given that Nvidia has plenty of money to lose.

#Partnership #AI #Acquisition

Iraq’s SOMO nears storage, refining deal with ExxonMobil in Asia

Talks cover crude storage in Singapore, refining capacity, and trading co-operation

Staff Writer, Zawya Projects

Iraq’s State Oil Marketing Organisation (SOMO) is close to signing a preliminary agreement with ExxonMobil covering crude storage, refining, and trading in Asia, according to a report by state-owned Iraq News Agency (INA).

SOMO Director General Alaa Nizar Al-Shatri said the discussions focus on securing storage capacity in Singapore and other Asian locations, as well as potential cooperation on refining and profit-sharing in crude and product trading.

He described Asia as the fastest-growing hub for refining and demand, calling it a strategic priority for Iraq, which is already among the top three to four suppliers of crude oil to China.

Iraqi Prime Minister Mohammed Shia Al-Sudani confirmed Saturday that the government held talks to reactivate the Iraqi-Syrian export line and has already started to extend a pipe (Basra-Haditha) with a length of 685 kilometers, which is located in this direction.

Last week, SOMO had signed a memorandum of understanding with Oman’s OQ to develop a 10-million-barrel crude storage project at Ras Markaz near Duqm.

At the end of August, Iraq’s Oil Ministry signed agreements with U.S.-based Schlumberger and Chevron to advance oil and gas projects and said it is also making progress in talks with Kuwait on the joint development of cross-border fields.

In May 2025, a Zawya Projects report said SOMO is pursuing long-term partnerships with major refiners across Asia, Europe, the Americas, and several African markets.

(Writing by Majda Muhsen; Editing by Sona Nambiar and Anoop Menon)

https://www.zawya.com/projects/oil-and-gas/iraqs-somo-nears-storage-refining-deal-with-exxonmobil-in-asia-j6te89dc

#OilAndGas #Partnership

Corporate “Prophet”

This was done solely for profit. In a time of a weak job market, aggressive inflation, and the dawn of AI, they just crushed people’s lives for money. At a recent summer regional, Penny stated a few times, “over my dead body will this place be sold”. When you have to be that declarative, then you know the field and home office no longer trust you. She is the female version of Andy Sieg. She also stated she is rewriting the Partnership. To change the required age of MP retirement? Perhaps we have a dictator on our hands. Perhaps to change the by-laws to make it easier to sell? She has hired inexperienced EJ leaders for her ELT…external hires, in a sense creating a board of directors. And when she sells, guess what? The GPs get the premium or excess paid for the equity…you as a LP will only get your capital back. Reminds me of 2008 with another proud St. Louis institution - Anheuser Busch. August the 4th was incompetent Iike Penny and he too “invited the barbarians in the gate” meaning the executives from InBev which allowed them to plan the takeover.

So thank you heir dictator you truly are a “penny stock” - you bring little to no value and come with many disclaimers.

#Leadership #Layoffs #Partnership #Management #FinancialResults

What a Shame

Steve B is chasing low margin IT business rather than trying to be the market share leader in what is a high margin copier business. Although is a declining business it not disappearing and there should be a better balance of revenue and margin contribution. The deal with HCL has cost them a fortune in lost revenue and profit because HCL can’t bill timely and accurately. What shame for an iconic brand.

#Strategy #Margin #Outsourcing #Profitability #Partnership