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Francisco Partners to Acquire The Weather Company Assets from IBM

Upon close, The Weather Company to become a standalone company, unlocking new growth potential

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ARMONK, N.Y. and SAN FRANCISCO /PRNewswire/ — IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the two companies have signed a definitive agreement under which Francisco Partners will acquire The Weather Company assets from IBM. Specific terms of the transaction were not disclosed.

The assets being acquired by Francisco Partners include The Weather Company’s digital consumer-facing offerings, The Weather Channel’s mobile and cloud-based digital properties including Weather.com, Weather Underground, and Storm Radar, as well as its enterprise offerings for broadcast, media, aviation, advertising technology and data solutions for other emerging industries. The Weather Company will also bring its forecasting science and technology platform to Francisco Partners.

The Weather Company provides highly accurate weather data to consumers and businesses and is among the top 10 most trusted brands in America1. The Weather Company serves an average of more than 415 million people each month through its consumer-facing digital properties, including The Weather Channel mobile app and website, Weather Underground and Storm Radar, and more than 2,000 businesses across a variety of industries through its enterprise offerings.

IBM will retain its sustainability software business, including its Environmental Intelligence Suite (EIS) to help clients curate, measure, report and operationalize ESG data to inform decision making, improve performance and meet regulatory requirements. IBM intends to continue leveraging The Weather Company’s weather data for EIS, which spans various climate related use cases. EIS also uses a geospatial foundational AI model powered by NASA’s satellite dataset and offered as part of watsonx, IBM’s AI and data platform. This model has a wide range of applications, including tracking changes in land use, monitoring natural disasters, and predicting crop yields.

Through increased investment and resources from Francisco Partners, The Weather Company will look to move beyond forecasting alone and bring new tools and experiences to users to help them understand how weather impacts all aspects of their lives, starting with health and well-being. For businesses, The Weather Company plans to offer more actionable insights so organizations can provide greater value to their customers. With its advertising platform, The Weather Company will continue to provide quality real-time experiences for the ad and subscription media industry, while complying with all consumer privacy laws and regulations.

“We’re proud of what The Weather Company team has accomplished with IBM, and we are confident that the best path forward is as a standalone company benefiting from Francisco Partners’ expanded investment, dedication and expertise. We’re excited to see the next phase of The Weather Company’s journey,” said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. “Over the last few years, we’ve evolved IBM to be a hybrid cloud and AI company. We regularly review our portfolio to make sure our business areas are core to that strategy, and today’s news reflects our continued focus on these two transformational technologies.”

Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and long-standing investors in the technology industry. Francisco Partners’ investments have focused on companies that provide the best possible products and service for its customers and partners. Francisco Partners also has extensive experience partnering with corporations to execute divisional carve-outs with transactions such as Dell Inc.’s Dell Software business and Discovery Inc.’s Discovery Education business.

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Alan Ni, Partner at Francisco Partners said “Amid the growing volatility of weather, The Weather Company’s unique set of consumer, media, and industry-specific products provide mission critical, data-driven weather insights to individuals and businesses around the world. We are excited to partner with the management team to grow The Weather Company’s robust portfolio of technology offerings and deliver a great product experience for its customers.”

Mei Shi, Principal at Francisco Partners, added “We have a long and successful track record of executing divisional carve-out transactions and look forward to helping The Weather Company drive crucial focus in executing on organic and inorganic growth strategies.”

The transaction is expected to close by the end of Q1 2024 and is subject to regulatory approvals, completion of local labor processes and other customary closing conditions.

About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

SOURCE IBM 

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Oil and gas communities are a blind spot in America’s climate and economic policies

Rangely, Colorado, like many U.S. towns, relies heavily on the oil and gas industry. However, transitioning away from fossil fuels poses economic risks.

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Oil and Gas
Several rural communities in the western U.S. rely heavily on the fossil fuel industry. AP Photo/David Zalubowski

Noah Kaufman, Columbia University

On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families driving into the mountains in off-road vehicles, a favorite activity for this outdoors-loving community. With a median household income above US$70,000 and a low cost of living, Rangely does not have the signs of a town in economic distress.

But an existential risk looms over Rangely. The town is here because of an oil boom during World War II. Today, the oil and gas industry contributes over half of the county’s economic output.

Rangely is not unique in the United States, which is the world’s largest producer of oil and natural gas. There are towns across the country that depend on the oil and gas industry for well-paying jobs and public revenues that fund their schools and other critical services.

A heavy dependence on any single industry is risky, and the oil industry is prone to booms and busts. But the economies of oil- and gas-dependent towns face a unique threat from global efforts to address the risks of climate change, which is fueled by the burning of oil and natural gas. Any serious strategy to halt global warming involves policies that will, over time, sharply reduce demand for all fossil fuels.

A man in a hardhat and coveralls works on machinery.
A worker does maintenance on a pump at a hydraulic fracturing operation in Mead, Colo. Advancements in fracking technology have fueled a boom in the oil and gas industry. AP Photo/Brennan Linsley

Early signs of this transformation can be seen in last year’s international agreement to “transition away from fossil fuels” and in the spread of electric vehicles that are starting to displace gasoline- and diesel-powered cars, trucks and buses.

As an economist who worked at the White House during the Obama administration and early Biden administration, I contributed to detailed strategies to reduce greenhouse gas emissions and to support communities in economic distress. But we did not have a plan to prepare oil and gas towns like Rangely for future economic challenges.

Why oil and gas towns are overlooked

Congress has prioritized support for small towns in recent legislation. However, oil- and gas-dependent towns were largely absent from these strategies for three primary reasons.

First is a perceived lack of urgency. The attention to a “just transition” as the nation moves away from fossil fuels has been disproportionately directed to coal-dependent communities. U.S. coal production has declined for 15 years, and a continued transition away from coal appears imminent and inevitable.

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In contrast, U.S. production of oil and natural gas continues to grow. To be sure, some oil and gas communities are already struggling. But the widespread economic risks of a shift away from oil and gas may feel more like a problem for future decades.

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Second, politicians downplay risks to oil and gas communities.

Most Republicans are not planning for a future decline in oil and gas production at all, and that includes many local politicians in oil and gas-dependent communities. For their part, most Democratic politicians prefer to focus on how climate action can be an engine of future economic growth. President Joe Biden likes to say, “When I think about climate change, I think jobs.”

He is not wrong to highlight the economic opportunities of climate solutions. But clean energy jobs rarely offer one-for-one replacements for the high-paying jobs in the oil and gas industries and the public revenues those industries bring local communities.

Third, economists’ policy toolbox is poorly suited to the challenges facing oil and gas communities.

Proposals to support local economic development commonly suggest targeting persistently distressed local economies with measures such as wage subsidies that have the potential to rapidly put more people to work.

A different prescription is needed for oil and gas communities, which are not generally struggling today. Over the 15-year period prior to the pandemic, the U.S. counties with oil and gas production experienced average annual GDP growth of 2.4% per year, compared with 1.9% nationwide.

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Most oil and gas communities do not need economic stimulus policies that provide immediate relief. What they need are holistic economic development strategies that can cultivate new industries – building on their existing strengths – that will enable them to prosper into the future.

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Solutions to help oil and gas towns prepare

Harvard economist Ricardo Hausmann compares the challenge of developing new economic capabilities to the game of Scrabble, where each additional letter enables the creation of more words. He cites the Finish economy as an example: It evolved from harvesting lumber to making tools that cut wood to producing automated cutting machines. From there, it evolved to sophisticated automated machines, including those used by global corporations such as telecommunications giant Nokia.

Such economic evolutions must be tailored to the characteristics of individual places. But the initial step is to recognize the problem and invest in solutions.

The Southern Ute Indian Tribe is doing this in southwest Colorado. It devotes oil and gas revenues to a Permanent Fund, which promotes fiscal sustainability by ensuring the tribe’s assets are aligned with its long-term financial goals, and a Growth Fund that diversifies the tribe’s revenue sources by investing in a range of businesses.

At the national level, a recent National Academies panel proposed the creation of a federally chartered corporation to help communities facing acute economic threats, including a future decline in oil and gas. This corporation could provide funding for displaced workers, critical public infrastructure and programs that ensure access to economic opportunities.

Colorado’s state Office of Just Transition has started to serve this role. Currently, it focuses only on the transition away from coal, with the goals of helping communities develop new economic opportunities and helping workers transition to new jobs. But its mission could be expanded in the future. In fact, Rangely is already receiving some support due to coal closures nearby.

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No one-size-fits-all solution

Small, rural towns like Rangely illustrate how oil- and gas-reliant regions will need unique strategies tailored to the strengths and limitations of individual places. No off-the-shelf playbook exists.

Our group of researchers who visited Rangely are part of the Resilient Energy Economies initiative, which was created by universities, research institutes and philanthropic organizations to ensure that policymakers have the information they need to help fossil fuel-dependent communities successfully navigate the energy transition.

The best time to build a more resilient economy is before a crisis arrives. Anyone familiar with the Bible – or Broadway – knows the story of Joseph, whose dreams foresaw seven years of abundance for Egypt followed by seven years of famine. The pharaoh acted on Joseph’s vision, using the boom to prepare for the bust.

The United States is experiencing abundant oil and gas production today. Policymakers know risks are coming. But so far, the country is failing to prepare communities for harder days to come.

Noah Kaufman, Senior Research Scholar in Climate Economics, Columbia University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

STM Daily News is a vibrant news blog dedicated to sharing the brighter side of human experiences. Emphasizing positive, uplifting stories, the site focuses on delivering inspiring, informative, and well-researched content. With a commitment to accurate, fair, and responsible journalism, STM Daily News aims to foster a community of readers passionate about positive change and engaged in meaningful conversations. Join the movement and explore stories that celebrate the positive impacts shaping our world.

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Upcoming Live from the ISS: NASA Astronauts Butch Wilmore and Suni Williams to Discuss Their Mission

NASA astronauts Butch Wilmore and Suni Williams will hold an Earth-to-space call from the ISS on September 13, streamed live on multiple platforms.

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Space enthusiasts and media around the world are gearing up for an exciting Earth-to-space call scheduled with NASA astronauts Butch Wilmore and Suni Williams. This news conference is set to take place aboard the International Space Station (ISS) on Friday, September 13, at 2:15 p.m. EDT. The astronauts, who are currently part of Expedition 71/72, will share insights from their experiences in low Earth orbit.

Butch Wilmore and Suni Williams
NASA astronauts Butch Wilmore and Suni Williams prepare orbital hardware for installation inside the International Space Station.
Credit: NASA

Butch Wilmore and Suni Williams

NASA will stream the event live on NASA+, the NASA app, and the agency’s website, offering various platforms for viewers to tune in and experience the wonders of space exploration directly from its current pioneers. The coverage promises not only to highlight the astronauts’ daily activities and scientific endeavors but also provide a real-time connection with those orbiting our planet.

Butch Wilmore and Suni Williams were launched into space aboard Boeing’s Starliner spacecraft on June 5, marking its first crewed flight. They arrived at the ISS the following day. Following a decision to bring back the Starliner uncrewed, the duo’s stay has been extended, and they are now slated to return to Earth in February 2025 with the SpaceX Crew-9 mission aboard a SpaceX Dragon spacecraft.

For media looking to participate in the news conference, NASA’s Johnson Space Center in Houston must be contacted for accreditation by 5 p.m., Thursday, September 12. Media members will need to dial into the conference at least 10 minutes before it begins to ask their questions.

This event offers an invaluable opportunity for the public and the media to engage directly with the astronauts, gaining a deeper understanding of life in space and the ongoing research and operations that continue to push the boundaries of human spaceflight. As Wilmore and Williams continue their critical work on the ISS, this news conference is a much-anticipated chance to connect with the heroes of our final frontier.

To learn more about this event and keep up with the latest news on space station research and operations, visit NASA’s ISS portal.

The science section of our news blog STM Daily News provides readers with captivating and up-to-date information on the latest scientific discoveries, breakthroughs, and innovations across various fields. We offer engaging and accessible content, ensuring that readers with different levels of scientific knowledge can stay informed. Whether it’s exploring advancements in medicine, astronomy, technology, or environmental sciences, our science section strives to shed light on the intriguing world of scientific exploration and its profound impact on our daily lives. From thought-provoking articles to informative interviews with experts in the field, STM Daily News Science offers a harmonious blend of factual reporting, analysis, and exploration, making it a go-to source for science enthusiasts and curious minds alike. https://stmdailynews.com/category/science/

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Avian flu has infected dairy cows in more than a dozen states – a microbiologist explains how the virus is spreading

The H5N1 avian flu has spread from birds to dairy cows, causing significant outbreaks and posing risks to farm workers and other animals, though pasteurized milk remains safe.

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Dairy Cows
Although H5N1 typically infects wild birds, the virus has spilled over into domesticated animal populations, like dairy cows. Peter Cade/Stone via Getty Images

Jenna Guthmiller, University of Colorado Anschutz Medical Campus

The current strain of avian flu, H5N1, is responsible for the culling of millions of domestic birds and has sickened more than a dozen farmworkers in 2024, most recently in Colorado.

The Conversation U.S. asked immunologist and microbiologist Jenna Guthmiller from the University of Colorado Anschutz Medical Campus to explain the historical roots of H5N1, its mode of transmission and how to avoid coming into contact with it.

What is H5N1?

H5N1 is a subtype of influenza A viruses. Other commonly known influenza A virus subtypes include H1N1 and H3N2, which cause seasonal outbreaks in humans.

Unlike H1N1 and H3N2, H5N1 largely infects wild birds, with waterfowl such as ducks and geese being the natural reservoirs for H5N1 viruses. Most H5N1 viruses are highly pathogenic avian influenza, meaning spillovers into other bird populations can lead to high mortality rates, including domesticated poultry.

H5N1 viruses were first identified in 1959 due to an outbreak in domesticated chickens in Scotland. In 1996, waterfowl were identified as the natural reservoir for H5N1.

Since its identification, H5N1 viruses have led to four major outbreaks: in 1997, 2003-2005, 2015 and 2021-to-present. The outbreaks in 1997 and 2003-2005 led to substantial spillover to humans.

Since 2003, nearly 900 H5N1 infections in humans have been recorded. Of those infections, more than half were fatal.

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Where did H5N1 originate?

The current outbreak of H5N1 started in late 2021 and derives from the virus that caused a major outbreak in 2015.

Since 2021, H5N1 strains have spread to six continents by migratory birds. Spillover to domestic poultry has led to the culling of millions of domestic birds

Researchers have documented the current H5N1 strain in numerous mammals, with it largely affecting aquatic mammals like seals and scavenger mammals. Sporadic spillover to domestic mammals has been recorded, including to minks, goats and alpacas.

In March 2024, the U.S. Department of Agriculture reported an outbreak of H5N1 in lactating dairy cows. As of Aug. 27, 192 herds in 13 states have been confirmed H5N1 positive.

Dairy cow-associated H5N1 viruses have since jumped back into wild birds, and recent outbreaks in domestic poultry resembled H5N1 in dairy cows. Between May and July 2024, 13 confirmed H5N1 infections have occurred in humans, with all cases directly linked to dairy farms and poultry culling. https://www.youtube.com/embed/jhKI2Zskplg?wmode=transparent&start=0 The concern is that the virus could evolve to allow human-to-human transmission.

Why did the avian flu become more widespread?

It is unclear why H5N1 has become such a widespread problem. H5N1, like all influenza viruses, rapidly mutates to infect new hosts. However, H5N1 has several features that could increase its host range.

First, H5N1 viruses use a protein called hemagglutinin that allows H5N1 to infect with new hosts.

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Second, my research group identified a mutation in H5N1 viruses causing the dairy cow outbreak that allows hemagglutinin to bind to its receptor more efficiently.

Lastly, H5N1 viruses are mutating genes associated with replication and immune evasion that are known to increase the infection of mammals.

Together, these factors could heighten H5N1 transmission and increase H5N1 spillover to mammals.

How is the strain transmitted to dairy cattle?

H5N1 viruses are largely causing infections in the mammary glands of cattle rather than the respiratory tract, which is the main site of infection for other influenza viruses in mammals. Recent studies have shown that the mammary tissue has receptors for H5N1, which could make this tissue susceptible to infection.

Since the infection is largely restricted to the mammary glands, researchers believe that H5N1 is being transmitted to cows by contaminated milk equipment, particularly the milking apparatus that attaches to the cow udders. Transmission across farms is due to infected cattle movement and shared equipment and personnel across dairy farms.

To reduce transmission, in April 2024, the USDA put in testing requirements for when cows are transported across state lines. In addition, Colorado, the state with the greatest number of positive herds, requires weekly testing on farms to identify infected herds.

What are the risks to people and other animals?

H5N1 does not pose a risk to the general public, as this virus is not known to transmit between people. As all known cases were those with direct contact with infected animals, people with occupational exposure to H5N1-infected cows and poultry continue to be at the greatest risk of infection.

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People with occupational hazards should be aware of the H5N1 symptoms – similar to those of a cold – such as congestion, sore throat and fatigue, as well as conjunctivitis, more commonly known as pink eye. For more information, see the Centers for Disease Control and Prevention’s webpage on avian influenza in people.

Domestic and wild animals near dairy farms are at high risk of infection. Particularly, barn cats that have been fed raw milk have been reported dead on dairy farms with infected cows, with these animals coming back positive for H5N1.

In addition, spillover of H5N1 to other domesticated farm animals near infected dairy cows has been recorded.

What are the best ways to keep farm workers safe?

Using personal protective equipment, such as goggles and gloves, remains the best way to prevent the transmission of H5N1 to humans and from humans back to animals. People working around poultry or dairy cattle should also be aware of biosecurity measures, such as not wearing the same clothes and boots when traveling from one farm to another.

Is drinking dairy milk a concern?

As long as you are consuming pasteurized milk products, there are no concerns for infections in humans. Pasteurization is very effective at killing any H5N1 virus that ends up in milk.

People should avoid raw or unpasteurized milk, as H5N1 virus has been found at very high levels in raw milk.

Jenna Guthmiller, Assistant Professor of Immunology and Microbiology, University of Colorado Anschutz Medical Campus

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This article is republished from The Conversation under a Creative Commons license. Read the original article.

The science section of our news blog STM Daily News provides readers with captivating and up-to-date information on the latest scientific discoveries, breakthroughs, and innovations across various fields. We offer engaging and accessible content, ensuring that readers with different levels of scientific knowledge can stay informed. Whether it’s exploring advancements in medicine, astronomy, technology, or environmental sciences, our science section strives to shed light on the intriguing world of scientific exploration and its profound impact on our daily lives. From thought-provoking articles to informative interviews with experts in the field, STM Daily News Science offers a harmonious blend of factual reporting, analysis, and exploration, making it a go-to source for science enthusiasts and curious minds alike. https://stmdailynews.com/category/science/

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