A chemical incident at Melrose Industries' GKN Aerospace facility in Garden Grove, California, caused a 34,000-gallon tank of flammable methyl methacrylate to overheat, triggering evacuation orders for up to 50,000 residents. Emergency crews warned of a potential explosion or chemical leak, though the risk of a major explosion was later reduced after a crack in the tank released pressure. Authorities have since lowered evacuation zones to about 16,000 residents and confirmed no injuries or contamination. GKN Aerospace is working closely with emergency teams to safely resolve the situation amid ongoing concerns about chemical hazards.
California Resources Corporation has completed the first CO₂ injection at Carbon TerraVault I, California's first operational carbon capture and storage (CCS) project located in Kern County. This milestone marks a significant step toward California's...
REalloys Inc. has committed $20.6 million to upgrade the Saskatchewan Research Council's rare earth processing facility, increasing production capacity for critical rare earth metals like Neodymium-Praseodymium, Dysprosium, and Terbium. These upgrade...
Baker Hughes has extended and expanded its contract with Petrobras to provide integrated well construction solutions in Brazil's Santos Basin. The company will deploy advanced technologies like the AutoTrak rotary steerable system and Dynamus drill b...
Cartesian Therapeutics secured up to $150 million in non-dilutive financing from K2 HealthVentures, with an initial $50 million tranche extending its cash runway into 2028. This funding supports the advancement of multiple clinical trials for its CAR...
Rocket Lab's stock surged following strong Q1 2026 results, with revenue up 63.5% year-over-year to $200.3 million and a record backlog of $2.2 billion. The company also secured a $90 million contract from the U.S. Space Force to design and manufactu...
