Shares of Archer Daniels Midland Company (NYSE:ADM) ended Tuesday session in red amid volatile trading. The shares closed down -0.01 points or -0.02% at $41.89 with 2.36 million shares getting traded. Post opening the session at $41.65, the shares hit an intraday low of $41.35 and an intraday high of $41.90 and the price vacillated in this range throughout the day. The company has a market cap of $24.08 billion and the numbers of outstanding shares have been calculated to be 581.76 million shares.
On Sept. 23, 2016 Ginkgo Bioworks announced that it has signed an agreement with Archer Daniels Midland Company (ADM), one of the world’s largest agricultural processors and food ingredient providers, to develop custom strains of microorganisms that will be used to produce a key cultured ingredient.
“ADM’s expertise in ingredients and customization is unparalleled,” said Jason Kelly, co-founder and CEO of Ginkgo Bioworks. “With our bioengineering resources, we are excited to offer them a more affordable and sustainable way to produce these ingredients and continue to educate the market about what is possible.”
Ginkgo Bioworks is rapidly expanding to deliver designer organisms to customers across a range of industries, including cosmetics, nutrition, flavors, fragrances, insect control, AgBio, sweeteners and others. They recently closed a $100 Million C round of financing, which is enabling growth of their organism engineering foundries, where new strains are prototyped for customers. These strains produce cultured ingredients in a process similar to a microbrewery.
“As our customers work to develop new, unique products to meet consumer demand, they rely on ADM to provide innovative ingredient and formulation solutions throughout the process,” said Todd Werpy, Senior Vice President and Chief Technology Officer of ADM. “Partnerships with companies like Ginkgo Bioworks elevate our ability to be an ideal problem-solving partner for our customers, and we are excited about the possibilities this new agreement will create.”
Shares of Goodyear Tire & Rubber Co (NASDAQ:GT) ended Tuesday session in green amid volatile trading. The shares closed up +0.16 points or 0.50% at $31.90 with 2.51 million shares getting traded. Post opening the session at $31.70, the shares hit an intraday low of $31.55 and an intraday high of $31.96 and the price vacillated in this range throughout the day. The company has a market cap of $8.34 billion and the numbers of outstanding shares have been calculated to be 262.00 million shares.
Goodyear Tire & Rubber Co (GT) on Sept. 22, 2016 announced that businesswoman, philanthropist, wife and mother Savannah James will christen Wingfoot Two, the newest addition to its fleet of world famous Goodyear blimps in a ceremony to be held on Friday, October 21, in Suffield, Ohio.
“Savannah’s Akron-born roots and passion for improving the local community made her a natural choice to christen Wingfoot Two,” said Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer. “Goodyear has a long-standing tradition of enlisting strong, accomplished women to christen our iconic airships, and we are proud to welcome Savannah to the family.”
Goodyear has recognized noteworthy women for nearly a century through the tradition of christening Goodyear blimps. Celebrated aviator Amelia Earhart (1929), astronaut Dr. Sally Ride (2000) and president of International Speedway Corp. Lesa France Kennedy (2006) are among those who have christened a Goodyear blimp. Robin Roberts, award-winning co-anchor of ABC’s “Good Morning America,” served as the most recent christener, of Wingfoot One in 2014.
“I feel absolutely honored to be a part of this christening,” said James. “With Goodyear being so much a part of Akron and our Foundation always wanting to better our community, I feel like it is a perfect match. Goodyear means so much to our community, and we feel a sense of gratitude to be part of this amazing event.”