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Originally scheduled to take place from July 24 to August 9 2020, the Tokyo Olympics was postponed and held from July 23 to August 8 2021 as a result of the Covid-19 pandemic, the first such instance in the history of the Olympic Games. Sweden ended up with a total of 9 medals and the U.S. with a staggering 113 medals.
Top news from SACCNY's community of members and beyond.
BRAINLIT | As SACCNY members may have seen while visiting Gateway recently, BrainLit has installed their new product line - Alven - in the lounge for all to enjoy and to complement the existing Elven system. Alven delivers personal BioCentric Lighting to promote short-term performance and long-term health. The world’s first plug & play system to do so. BrainLit welcomes the opportunity to provide all SACCNY members a generous friends & family discount should you be interested in one for yourself, your colleagues, or your family. For a concierge consultation and white-glove service, please reach out to BrainLit directly here.
🇸🇪 DAGENSINDUSTRI | Through Startup Sweden, the Swedish Agency for Economic and Regional Growth collaborates with SACCNY to further develop their U.S. acceleration programs. “International expansion is challenging and time-consuming, not least in terms of differences in culture and bureaucracy. With the Access programs, we want to facilitate the process and offer a proper introduction to the new market while we also arrange a tailored network for each company ", says Arash Sangari, program manager for Startup Sweden, in a statement.
AUTOMOTIVEWORLD | With a history in safety leadership, Volvo Cars USA donated a fully electric XC40 Recharge vehicle to the FDNY yesterday to help further the cause of post-accident safety involving battery electric vehicles (BEV). The FDNY will use the donated vehicle to help update training procedures and real-life protocols when it comes to battery-powered vehicles, with the combined goal to both quickly and safely extricate passengers and keep first responders safe.
SCIENCEDAILY | In the search for sustainable energy storage, researchers at Chalmers University of Technology, Sweden, present a new concept for the fabrication of high-performance electrode materials in sodium batteries. It is based on a novel type of graphene to store one of the world's most common and cheap metal ions -- sodium. The results show that the capacity can match today's lithium-ion batteries.
 
🇸🇪 AFFÄRSVÄRLDEN | Swedish engineering group, Sandvik, will acquire American software company CNC Software who develops the very popular manufacturing solution CAM. In 2020, CNC Software had a revenue of 60MUSD with an operating margin of 25-30%. Recurring income amounts to 60% of total revenues. The acquisition price was not disclosed in the acquisition announcement, according to a press release. 
HIGHSNOBIETY | One of the most surprising pieces from Supreme's Fall/Winter 2021 collection, which featured everything from logo-branded apparel to a Skittles collaboration was a red and white bed created in collaboration with Swedish label Hästens. This King Size continental bed features 27 layers of horsetail hair, cotton, wool, Hästens flax, and Bonnell springs, and is finished off with oiled beechwood legs. 
TECHCRUNCH | IKEA won’t just sell you smart lights, it will soon sell you the electricity to power those lights. Electrek notes that IKEA has revealed plans to sell clean energy to Swedish homes through a Strömma subscription service. Pay the (as yet undisclosed) fee and you will get certified solar- or wind-generated electricity with usage you can track through a mobile app.
LITTLER | After more than a year of a crushing global pandemic, the early summer brought hope for a long-anticipated return to normal business operations, at least in the United States. But those plans were derailed by the rapid spread of the highly contagious Delta variant and mounting Covid-19 infections. To better understand where employers stand and where we may be headed next, Littler surveyed 1,630 in-house lawyers, C-suite executives and HR professionals from a variety of industries about their current plans, concerns and key considerations when it comes to vaccination of their workforces.

 
🇸🇪 SVD | Neither Bruce Springsteen, Paul Simon, nor The Killers had a chance to get on stage before ”We love NYC: The homecoming concert” was canceled. The reason: heavy rain and thunderstorms. The artist Barry Manilow was ironically halfway into a performance and about to sing the hit song ”I made it through the rain” when the organizer stopped the event and the 60,000 concert-goers were forced to leave the area, the Rolling Stone writes. The event was originally supposed to celebrate the end of the spread of Covid-19, but the latest month has instead seen an increase in the number of Covid-19 hospitalizations. The organizer demanded that all concert visitors had to have been fully vaccinated which caused outrage among anti-vaxxers who protested against the concert outside of Central Park, Billboard reports.
SACCNY | A month into the StartUp Sweden x SACCNY acceleration program, the selected tech companies have delineated and analyzed their U.S. roadmap and competitors with the SACCNY team of experts, as well as identified potential customers and partners to support their U.S. launch and/or expansion. In the next phase of the program, SACCNY will conduct tailored B2B meetings with potential U.S. customers and investors. "Our virtual acceleration programs provide an unmatched opportunity for Scandinavian companies to gain access to the network and tools to succeed in one of the most competitive markets in the world, and we're excited to share our expertise with this promising group of companies, and to bring them to the global stage," says SACCNY's Emma Fredwall. The selected companies include Minna Technologies, Beatly, Flype, Inex One, Magma Math, and TrusTrace.


 
BLOOMBERG | EQT Sells Cybersecurity Firm Utimaco to SGT in $500 Million Deal
EQT AB has agreed to sell a majority stake in cybersecurity company Utimaco to private equity firm SGT Capital. The transaction is expected to close in the fourth quarter, subject to regulatory approvals, SGT Capital said in a statement. It didn’t disclose financial details. The deal is expected to be valued at about $500 million.

INSTAGRAM | Arild Links bracelets now available in NYC at DOORS pop-up
Arild Links, who crafts fine jewelry from destructed illegal weapons, will be found at DOORS NYC pop-up store which will be open from the 7th of September until the 5th of October on 27 Greene Street, Soho, New York.
More top picks for the Swedish-American business community.
NYTIMES | Biden's decision to end America’s longest war was driven by his determination not to sacrifice a single additional member of the military on behalf of an effort he had long believed was no longer in the interests of the United States. But on Thursday morning, the withdrawal he set in motion claimed the lives of 13 U.S. troops, along with scores of Afghan civilians — the first American casualties in Afghanistan in 18 months and the deadliest day there for the U.S. military since 2011.
🇸🇪 SVD | Northvolt faces tough competition, not least from Tesla’s Berlin-based ”gigafactory”. In November last year, Elon Musk announced that their factory will be able to produce 250 GWh worth of batteries. Northvolt’s factory will in comparison have a capacity for 60 GWh. Still, regardless of how Northvolt does in the future, the company has indeed staked out a road for the emerging European battery industry.
USNEWS | President Joe Biden urges private companies to implement coronavirus vaccine requirements following the Food and Drug Administration's approval of the Pfizer shot. "Do what I did: Require your employees to get vaccinated or face strict requirements," Joe Biden said, referencing his announcement in July that federal workers will have to attest to their vaccination against the coronavirus or undergo several mitigation measures, including masking and regular testing.
🇸🇪 SVD | The Swedish national horse jumping team won Olympic gold after a dramatic re-jumping against the U.S. Peder Fredricson and All In secured the victory during the final round. “Finally a gold!” said Fredricson afterward. During the 2018 World Championships in Tyron, Sweden and the U.S. also met in a re-jumping final for the gold medal which the U.S. won. “We said that - not again! But everything can happen and we had to go all in” team captain Henrik Ankarcrona said in an interview on Discovery. 
NYTIMES | | In a paper published in the journal Science Advances, researchers at Harvard University estimated that there were nearly 20,000 extra coronavirus infections and 750 Covid-19 deaths associated with exposure to wildfire smoke between March and December 2020 in the American West. The findings build on the well-established connection between air pollution and respiratory-tract infections and conditions such as asthma. But the study is the first to show a statistical link between wildfire smoke and Covid-19 caseloads and deaths.
REUTERS | Citigroup is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said recently, citing increased demand in the cryptocurrency space. Bitcoin prices rose past $50,000 after having weathered a crackdown by Chinese authorities on domestic cryptocurrency mining companies earlier this year, as mainstream adoption by corporations and the wider public gathers pace.
APNEWS | 'Code red': UN scientists warn of worsening global warming
Earth is getting so hot that temperatures in about a decade will probably blow past a level of warming that world leaders have sought to prevent, according to a report released Monday that the United Nations called a “code red for humanity.” Report co-author, Linda Mearns, said “It’s just guaranteed that it’s going to get worse,” and that there will be "nowhere to run, nowhere to hide.” The authoritative Intergovernmental Panel on Climate Change (IPCC) report, which calls climate change clearly human-caused and “unequivocal” and “an established fact,” makes more precise and warmer forecasts for the 21st century than it did last time it was issued in 2013.

NYTIMES | Greta Thunberg writes Opinion Piece for the NYTimes: This Is the World Being Left to Us by Adults
"For children and young people, climate change is the single greatest threat to our futures. We are the ones who will have to clean up the mess you adults have made, and we are the ones who are more likely to suffer now. Children are more vulnerable than adults to the dangerous weather events, diseases and other harms caused by climate change, which is why a new analysis released Friday by UNICEF is so important."

NYTIMES | Court Blocks a Vast Alaskan Drilling Project, Citing Climate Dangers

A federal judge in Alaska on Wednesday blocked construction permits for an expansive oil drilling project on the state’s North Slope that was designed to produce more than 100,000 barrels of oil a day for the next 30 years. The multibillion-dollar plan, known as Willow, by the oil giant ConocoPhillips had been approved by the Trump administration and legally backed by the Biden administration. Environmental groups sued, arguing that the federal government had failed to take into account the effects that drilling would have on wildlife and that the burning of the oil would have on global warming.
 
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