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1. "EU Proposes New Rules on Digital Tax to Make Tech Giants Pay Their Share" - This article from Reuters discusses how the European Union's executive branch proposed new rules for digital taxation to ensure tech giants pay their fair share of taxes. The new rules are set to impact companies like Amazon, Apple, Facebook, and Google. 2. "Germany, France and Italy Sign Pact to Tax Digital Giants" - This article from the New York Times discusses how Germany, France, and Italy have signed a pact to tax digital companies such as Amazon, Apple, Facebook, and Google. The agreement is the first major step in the European Union's effort to tax tech giants. 3. "EU's New Digital Tax Plan: What You Need to Know" - This video from Euronews explains the European Union's new digital tax plan and how it will affect tech giants such as Amazon, Apple, Facebook, and Google. The video also explains the different aspects of the plan and how it will be implemented.
Highly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 November 1956 Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction Credit - Robin Möhl / Courtesy of Broad Arrow Auctions The unraced, highly original Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction Credit - Robin Möhl / Courtesy of Broad Arrow Auctions LONDON, England, Aug. 12, 2025 (GLOBE NEWSWIRE) -- One of only 71 Jaguar D-Types producedRare example that has never been used in competitive motorsportMatching engine and chassis numbersMeticulously cared for by current Swiss owner for past three decadesHighly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 NovemberD-Type estimated to bring CHF 5’250’000 - 6’250’000 Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is proud to offer one of the most pristine examples of the iconic Jaguar D-Type at its inaugural Zürich Auction this November. One of only 71 produced, Chassis XKD 551 is a rare short-nose version of the D-Type and one of the last to have been manufactured. Its desirability is undeniable and further enhanced by the fact that it has never been used in competition, which will undoubtedly generate intense interest among the international collector car community. The Jaguar D-Type will be a highlight of Broad Arrow’s Zürich Auction, which will be held in partnership with Auto Zürich at the world-famous Dolder Grand hotel on Saturday 1 November 2025. “We are extremely honoured to have been granted the opportunity to offer this incredible Jaguar D-Type at our first Zürich Auction,” says Yves Boitel, Car Specialist, EMEA, at Broad Arrow Auctions. “The fact that this car has never been used competitively and has been meticulously cared for throughout its life, makes it one of the most exceptional D-Types in existence and one that will surely create great excitement among collectors.” Manufactured in 1956, chassis XKD 551 was sold to its first private owner in October 1957, who rather than heading to the nearest racetrack as many D-Types did, carefully converted it to semi-XKSS specification, removing the central bulkhead, adding a passenger door, and fitting a full-width windscreen. In 1963, ownership moved to Hon. James Dawnay, who famously owned and raced the Aston Martin DBR1/1. Motorsport provenance continued when it was sold to Australian Formula 1 driver Paul Hawkins. The 1970s saw another owner remove the XKSS-style modifications to return this highly collectible D-Type to its original configuration, and it eventually landed with its current Swiss owner in 1994. Prior to this, the original XK inline-six engine (no. E 2070-9) had been removed to ensure its preservation, with a correct specification engine fitted in its place. The new owner invested in a significant rebuild of the original engine, which continued to be preserved in storage for the next two decades. Recently, XKD 551 was reunited with its original engine, still fresh from its 2005 rebuild, and this incredible D-Type was treated to a service by the renowned Swiss specialists Graber Sportgarage in preparation for the sale. This extremely rare, un-raced example of the iconic Jaguar D-Type, complete with matching chassis and engine numbers, represents a remarkable opportunity for any discerning collector. It is also accompanied by previous FIA Historical Identity Form (1992), FIA Passport (2009) and FIVA Identity Card (2012), and is eligible for the world's most celebrated historic racing events, including the Goodwood Revival, Silverstone Classic, Mille Miglia Storica, Le Mans Classic, Monaco Historic Grand Prix, and Spa Classic. “The excitement is building ahead of our inaugural Zürich Auction,” says Paul Gaucher, Head of Consignments for Switzerland at Broad Arrow Auctions. “The addition of this truly superb example of the iconic Jaguar D-Type will undoubtedly add to that excitement among international car collectors. There is plenty more to come and we can’t wait to share additional news on the highly desirable models that will be joining the catalogue soon.” Additional information on The Zürich Auction is available at broadarrowauctions.com. Collectors interested in consigning to or attending the auction are invited to speak with a Broad Arrow car specialist about this very special addition to the international collector car calendar. Editor’s Notes About Broad Arrow AuctionsBroad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter. About Hagerty, Inc. (NYSE: HGTY) Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can’t get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn. Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods. Attachments 1956 Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction The unraced, highly original Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@hagerty.com
Funding combines equity investment and convertible loanFocus on best-in-class, clinical-stage peanut allergen neutralizing antibody Further potential for developing Mabylon’s discovery and pre-clinical pipeline programsDr. Thomas Hecht has joined Board of Directors Schlieren/Zurich, Switzerland, August 12, 2025 - Mabylon AG, a leader in the high-throughput discovery, characterization, and development of human-derived antibodies, today announced that it has raised a total of CHF 30 million (USD 37 million) to further develop its clinical-stage lead candidate MY006 and advance its early-stage pipeline. The funding combines a capital increase and a convertible loan of CHF 15 million, respectively. The funds are provided by Mabylon’s existing private investors, with the major investment coming from former management and board members of Roche. The funding will allow Mabylon to advance its lead program MY006, a tri-specific antibody neutralizing peanut allergens, to completion of a Phase Ia/b trial in 2027 with the goal to generate robust safety and preliminary efficacy data. In addition, the funding will enable Mabylon to further develop its discovery and pre-clinical programs. These include MY010, a multi-specific and cross-reactive antibody targeting the birch Bet v 1 allergen, as well as all the major birch-related tree, fruit and nuts allergens. The funding will also support development of MY011, an antibody product for treating grass pollen allergies. At the shareholders’ assembly, Dr. Thomas Hecht was elected as a new member of Mabylon’s Board of Directors. He succeeds Prof. Adriano Aguzzi, whose term ended in June 2025. “MY006 is a multi-specific anti-allergen antibody for the prophylactic treatment of peanut allergy, an indication with a high unmet medical need. The funds will enable Mabylon to reach clinical proof-of-concept and further advance its early-stage pipeline,” said Gottlieb Keller, Chairman of Mabylon’s Board of Directors. “I would like to thank Prof. Adriano Aguzzi for his contributions to the board and welcome Thomas Hecht as a new board member.” „We are very pleased to have closed a CHF 30 million financing agreement in such a challenging global funding environment. This is a strong validation of our approach using human-derived, multi-specific antibodies for the treatment of allergies,“ said Alcide Barberis, PhD, CEO of Mabylon. “We also warmly welcome Dr. Thomas Hecht to our Board of Directors. He brings outstanding industry expertise and will help us advance and commercialize our pipeline of best-in-class allergen-neutralizing antibodies.” ### About Mabylon AGMabylon is a Swiss biotechnology company harnessing the therapeutic potential of naturally occurring human antibodies to treat allergies, neurodegenerative diseases, and inflammation. Human-derived antibodies have superior therapeutic potential compared to antibodies derived from conventional sources, such as humanized animal models or artificial libraries. In the case of allergy, for instance, Mabylon’s antibodies derived from allergic patients target disease-relevant epitopes, expanding the knowledge of novel allergenic epitopes and their role in disease progression.For more information, please visit www.mabylon.com ContactAlcide Barberis, CEOMabylon AGWagistrasse 148952 Schlieren (Zurich Area), Switzerland Media InquiriesakampionDr. Ludger Wess / Ines-Regina Buth Managing Partnersinfo@akampion.comTel. +49 40 88 16 59 64 /Tel. +49 30 23 63 27 68
Delray Beach, FL, Aug. 12, 2025 (GLOBE NEWSWIRE) -- The Pipe Insulation Market is estimated to grow from USD 5,265.4 million in 2024 to USD 7,195.9 million by 2030, at a CAGR of 5.4% between 2025 and 2030. , as per the recent study by MarketsandMarkets™. The pipe insulation market is on the rise due to the increasing need for energy efficiency, a rise in construction activities, and stricter environmental regulations. By insulating pipes, we can reduce energy loss, enhance system performance, and decrease operational costs across industrial, commercial, and residential settings. The demand for thermal and acoustic insulation is further driven by the expansion of district heating and cooling systems, oil and gas infrastructure, and the chemical industry. Additionally, as more people become aware of sustainability and the importance of reducing carbon footprints, there is a push for advanced insulation materials. Emerging economies are also investing in infrastructure development, which significantly boosts market growth in sectors such as building & construction, industrial, district energy systems, oil, gas, and others. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263389325 Browse in-depth TOC on “Pipe Insulation Market” 222 - Market Data Tables 54 – Figures 246 - Pages List of Key Players in Pipe Insulation Market: Saint-Gobain S.A. (France)BASF SE (Germany)Johns Manville (US)Owens Corning (US)Kingspan Group PLC (UK)Rockwool A/S (Denmark)Covestro AG (Germany)Huntsman Corporation (US)Armacell (Luxembourg)Knauf Insulation (US) Drivers, Opportunities and Challenges in Pipe Insulation Market: Drivers: Growth in oil and gas demandRestraint: Volatile prices of plastic foamsOpportunity: Availability of green insulation materialChallenge: Corrosion under insulation leads to health and safety-related issues Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=263389325 Key Findings of the Study: In 2024, the rock wool material type accounted for the second-largest share in terms of value of the pipe insulation market.In 2024, the oil application segment was the third largest in the pipe insulation market in terms of value.Central & Western Europe was the fourth-largest pipe insulation market in terms of value in 2024. Based on material type, the pipe insulation market is segmented as rock wool, glass wool, PUR /PIR foam, phenolic foam, elastomeric foam, other plastic foam, and others. Among these types, rock wool is expected to register the second-highest CAGR in terms of value during the forecast period. Its high melting point makes it suitable for applications in high-temperature industries such as power plants, petrochemical plants, and district heating. Additionally, increased awareness of fire safety and energy efficiency in building codes and industrial standards is driving the demand for non-combustible insulation products like rock wool. The product is also waterproof yet vapor-permeable, reducing the chances of corrosion under insulation (CUI), a significant issue in metal piping systems. Rock wool is eco-friendly and recyclable, aligning with global initiatives toward green construction and industrial practices. The industrialization and rising energy-efficiency standards in emerging economies are further boosting the demand. The combination of performance, safety, and environmental compliance places rock wool at the forefront of the expanding pipe insulation industry. Based on application, the pipe insulation market is segmented into district energy systems, oil, gas, building & construction, industrial, and others. The industrial application segment is expected to report the second-lowest CAGR in the market for pipe insulation during 2025–2030, driven by rising demand for safety, energy efficiency, and operational reliability in industries such as oil & gas, chemicals, power generation, and food processing. In these sectors, extensive networks of hot and cold pipelines are used for process operations and fluid transport, making thermal insulation essential to reduce energy loss, maintain process temperatures, and avoid freezing or condensation. Increasing energy costs and environmental regulations are compelling industries to adopt advanced insulation systems to conserve more energy and reduce carbon emissions. Additionally, growing awareness of workplace safety and equipment longevity is encouraging businesses to invest in insulation materials that protect staff from hot surfaces and mitigate corrosion under insulation (CUI). Industrial expansions, particularly in developing economies in Asia-Pacific and the Middle East, are also driving demand for robust and effective insulation solutions. These factors collectively contribute to the strong growth of the industrial segment in the pipe insulation market throughout the forecast period. Get Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=263389325 Based on the region, North America is forecast to achieve the second-highest CAGR for the pipe insulation market during 2025 to 2030 based on robust regulatory environments, rising investments in infrastructure, and a strong focus on energy efficiency. The industrial base of the region, particularly in petrochemicals, oil & gas, and power generation, is well established and significantly depends on insulated piping systems to minimize heat loss, enhance safety, and adhere to environmental requirements. Moreover, increased retrofit and renovation activities in residential and commercial properties, fueled by energy conservation incentives and green building regulations, are helping to fuel the demand for pipe insulation. The key players profiled in the report include Saint-Gobain S.A. (France), BASF SE (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group PLC (UK), Rockwool A/S (Denmark), Covestro AG (Germany), Huntsman Corporation (US), Armacell (Luxembourg), and Knauf Insulation (US), and among others. Saint-Gobain S.A., established in 1665 with its main office in Courbevoie, France, leads the world in light and sustainable construction. This company has a major impact on the pipe insulation market. With a history of over 360 years, Saint-Gobain creates, makes, and sells materials for building and industrial use. It works through various parts of the business, like construction products, which offer pipe insulation. Headquartered in Ludwigshafen, Germany, BASF SE is one of the world’s leading chemical companies, with a recognized presence in the insulation and construction sectors—particularly in advanced pipe insulation solutions. Through its Performance Materials division, BASF develops and markets innovative thermal insulation systems, leveraging deep expertise in polyurethane chemistry. Browse Adjacent Markets Foam and Insulation Market Research Reports & Consulting Related Reports: Medical Device Packaging Market1,4-Butanediol MarketMilled Carbon Fiber MarketProcess Oil MarketCooling Tower Market CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. 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