CIBC continues commitment to affordable housing

cibc continues commitment to affordable housing

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit them at

CIBC have announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.

"We are excited to be a part of the Thrive on King project, which will not only create much-needed affordable housing, but also contribute to the preservation of Milwaukee's rich history," said Tony Hernandez, head of Community Investment at CIBC Bank USA. "CIBC is especially passionate about this project because it represents a significant investment in Milwaukee's future, and we are proud to be a part of it," said Hernandez.

CIBC's $45.5 million commitment through equity investment and construction lending will play a pivotal role in realizing the vision of this project. The community impact of Thrive on King is significant. The adaptive reuse of a vacant, historically significant store, will create 90 units of affordable housing in downtown Milwaukee. These units will serve as low-income residences, with 27 units specifically designed for seniors aged 55 and above.

The commercial space within Thrive on King will be anchored by the Greater Milwaukee Foundation and the Medical College of Wisconsin community-facing centers and institutes. The space will serve as a hub for a wide range of services including food, health and wellness programs, art, culture, history, community gatherings, early childhood education, generational programming, workforce development and business support.

"Thrive on King is more than just a development project. It's a symbol of hope and progress for the city of Milwaukee," said Hernandez.

S&P Global to Launch S&P Global Kuwait PMI

sp global to launch sp global kuwait pmi

S&P Global Market Intelligence, a provider of information services and solutions to global markets, just announced the launch of the S&P Global Kuwait Purchasing Managers' IndexTM (PMI®). With the addition of the new indicator for Kuwait, S&P Global expands its reach in the Gulf Cooperation Council (GCC), now covering four countries. In total, S&P Global produces PMI data for 46 countries.

The S&P Global PMI series, produced by S&P Global Market Intelligence, is one of the most closely watched global business surveys, used by central banks, financial markets and business decision makers for their ability to provide up-to-date, reliable and unique monthly indicators on economic trends.

"We are delighted to announce the addition of Kuwait to the economies for which S&P Global compiles and publishes PMI survey data, in particular as this further expands the survey coverage in the Middle East to widen the portfolio of truly internationally comparable economic data," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. "This expansion also demonstrates our commitment to providing high-frequency economic indicators in this important region, a focus on which will be especially closely monitored in relation to the transition from oil dependency to other services and manufacturing sectors covered by the PMI."

The new Kuwait PMI® will provide a leading indicator with which policymakers, investors and businesses can gauge the health of the Kuwaiti business environment outside of the oil sector. The Kuwait survey data have been collected monthly since 2018, allowing the current business situation to be analyzed in the context of recent historical trends, including over the COVID-19 pandemic.

"The latest data have been especially encouraging, with February having seen the strongest improvement in business conditions over the five-and-a-half year history of the survey if the early pandemic rebound in 2020 is excluded," Williamson said.

Based on survey responses from approximately 350 private sector companies, the Index covers contributions to non-oil GDP across manufacturing, construction, wholesale, retail and services sectors.

The S&P Global Kuwait PMI will be released on the following dates: 2024: April 3rd, May 5th, June 4th

Cadent Announces Intent to Acquire Pioneer AdTheorent

cadent announces intent to acquire pioneer adtheorent

Cadent, one of the largest independent solutions providers for converged TV advertising, today announced a definitive agreement to acquire all outstanding shares of AdTheorent Holding Company, Inc. (Nasdaq: ADTH), a machine learning pioneer and industry leader delivering measurable value for programmatic advertisers, for a cash consideration of $3.21 per share.

The combination of Cadent and AdTheorent will create one of the largest independent omnichannel audience activation platforms for buyers and sellers of advertising. The newly formed entity will focus on providing expanded performance advertising solutions that cater to both digital and traditional TV markets, powered by advanced machine learning and a unified media and data marketplace.

"Together, Cadent and AdTheorent will enable our customers to drive performance across all strategic audiences, no matter where they consume media or where they are in the sales funnel," said Nick Troiano, CEO of Cadent. "We will connect the worlds of programmatic and TV, providing solutions across our partner ecosystem that will drive next-generation omnichannel reach and performance results."

Upon closing, the combined company will serve nearly 1,000 advertisers, and partner with leading holding companies, agency groups, independent agencies, and premium publishers. In addition, AdTheorent's leadership in ID-independent machine learning and algorithmic audience solutions, combined with Cadent's cookieless household identity graph uniquely positions the combined company to be at the forefront of unifying fragmented audiences.

"AdTheorent's customer-focused culture, award-winning technology and commitment to innovation has helped our team build a strong brand that is a recognized leader in performance-first programmatic advertising," said James Lawson, CEO of AdTheorent. "In Cadent, we've found a partner with a shared commitment to delivering measurable results for customers, and a complementary vision for the future of omnichannel advertising. In an increasingly competitive and evolving adtech sector, we are excited to bring together our teams, technology, and solutions to drive continued value to our customers and our employees."

Novacap, the Montreal-based private equity firm which acquired Cadent in August 2023, provided strategic services and funding support to Cadent for the transaction.

"Novacap accelerates growth companies through strategic investments. We're pleased to empower the Cadent and AdTheorent teams to further their vision of building a leading omnichannel audience platform, by providing the foundational resources necessary to complete a transaction of this scale," said Samuel Nasso, Partner at Novacap, and Chairman of the Board of Cadent.

The transaction is subject to customary closing conditions and completion of regulatory review and AdTheorent shareholder approval. The transaction has been approved by the AdTheorent Board of Directors and is expected to close in approximately 90 days.

Moelis & Company LLC is acting as lead financial advisor to Cadent. RBC Capital Markets also is acting as a financial advisor, and Baker Botts LLP is providing legal counsel. Canaccord Genuity is acting as financial advisor and McDermott Will & Emery LLP is acting as legal counsel to AdTheorent in connection with the proposed transaction.

About Cadent

Cadent connects the TV advertising ecosystem. We help advertisers and publishers identify and understand audiences, activate campaigns, and measure what matters – across any TV content or device. Aperture, our converged TV platform, simplifies cross-screen advertising through a streamlined workflow that brings together identity, data, and inventory with hundreds of integrated partners. For more information, visit

About AdTheorent

AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology to deliver impactful advertising campaigns for marketers. AdTheorent's machine learning-powered media buying platform powers its predictive targeting, predictive audiences, audience extension solutions and in-house creative capability, Studio A\T. Focused on the predictive value of machine learning models, AdTheorent's product suite and flexible transaction models allow advertisers to identify the most qualified potential consumers coupled with the optimal creative experience to deliver superior results, measured by each advertiser's real-world business goals.

AdTheorent is consistently recognized with numerous technology, product, growth and workplace awards. AdTheorent was named "Best Buy-Side Programmatic Platform" in the 2023 Digiday Technology Awards and was honored with an AI Breakthrough Award and "Most Innovative Product" (B.I.G. Innovation Awards) for five consecutive years. Additionally, AdTheorent is the only seven-time recipient of Frost & Sullivan's "Digital Advertising Leadership Award." AdTheorent is headquartered in New York, with fourteen locations across th

Bio-Circular Plastic in Sustainable Nursing Bottles

bio circular plastic in sustainable nursing bottles

LyondellBasell and Pigeon Singapore – the regional headquarter of its business unit covering Southeast Asia, Middle East, Africa and Oceania – announced today their collaboration on advancing the sustainable research and development efforts in baby nursing bottles.

The renewed series of the Pigeon SofTouch™ nursing bottles will use the LyondellBasell bio-based CirculenRenew polypropylene polymers, as part of Pigeon's transition away from using 100% virgin polypropylene resins.

Backed by over 60 years of breastfeeding research, Pigeon is the global no.1 brand^ in nursing bottles. By incorporating CirculenRenew into PP (polypropylene) parts (cap, hood, handle and PP bottle) used in the renewed Pigeon SofTouch™ nursing bottles, usage of virgin PP plastic will be reduced hence contributing to carbon emissions reduction. CirculenRenew PP has a 70% lower PCF (product carbon footprint) than fossil-based PP over the life cycle* due to the use of a bio-based feedstock.

In addition, consumers can look forward to reusing these nursing bottle as their child grows. By replacing the nipple or teat with Pigeon's newly launched 2-step straw tops, babies can continue using the bottles to drink water or other fluids.

Pigeon is committed to achieving its purpose to make the world more baby friendly. "Our goal is to support parents in providing the best for their babies, and this includes a sustainable environment for the children to grow up and thrive in," said Yusuke Nakata, CEO of Pigeon Singapore. "Over the past few years, we have been studying our material sources and switching to alternative options where possible. Using bio-based plastic for our nursing bottles is an exciting breakthrough and we are proud to be in collaboration with LyondellBasell to introduce this meaningful range."

"At LyondellBasell, we are committed to creating solutions for everyday sustainable living and supporting our customers in achieving their sustainability goals. Our CirculenRenew product family enables this progress," said Allen Yu, Senior Vice President of LyondellBasell, Asia Pacific. "We are very excited to collaborate with Pigeon Singapore on this project, which represents a milestone as we are supplying for the first time CirculenRenew grades for baby products."

The LyondellBasell CirculenRenew polymers are made from renewable feedstocks derived from bio-based wastes and residual oils, such as used cooking oils. These feedstocks are used in LyondellBasell's conventional production processes along with conventional feedstocks, and are allocated to CirculenRenew products using an ISCC PLUS-certified mass balance approach. The use of renewable feedstocks offers a lower carbon footprint compared to fossil-based feedstocks.

For this initiative, Pigeon has received the International Sustainability and Carbon Certification (ISCC) PLUS certification, providing assurance to consumers that ISCC's sustainability requirements for the bio-based materials that are linked to its products are met. An ISCC PLUS certification covers the entire value chain and is an internationally recognised certification standard that can be applied for the mass balance methodology.

In close cooperation with the Japanese trading company Iwatani Corporation and LyondellBasell, Pigeon will introduce these sustainable nursing bottles in Indonesia from December 2023, followed by the rest of the markets in Southeast Asia, Middle East, Africa and Oceania in the following year.

* Assuming energy recovery as the end-of-life scenario and including emissions from production, polymers stored carbon release in end-of-life, but excluding emissions from distribution, use and other end-of-life emissions.

About Pigeon Corporation

As a leading brand in mother and baby care, Pigeon provides a comprehensive range of products to fulfil consumer needs from maternity to childcare. Since our establishment in 1957, we aim to make the world a more baby-friendly place by providing products and services based on over 60 years of research. Today, Pigeon Group products are used by babies and their families in over 90 countries around the world, and we boast the No.1 global market share^ for Nursing Bottles. We will continue to prioritize research and development, striving for the highest standards of comfort, safety, and quality. We are dedicated to developing products that offer a comprehensive solution for parents and caregivers throughout their parenting journey. For more information, please visit

^Global Baby Bottles Market 2023, Global Info Research.

About LyondellBasell

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit