Avelo service

from Tweed Airport to Puerto Rico

Avelo Airlines announced it will begin nonstop service by its partner Sanofi, increased to $2.97 billion, up 33% from where they had been in the second quarter last year.

Tweed-New Haven Airport and Puerto Rico's San Juan Luis Muñoz Marín International Airport.

Regeneron said it is working on 35 possible new products including possible additional applications for some of its existing products.

“I am pleased with the performance of our business in the second quarter of 2023, including incremental pipeline progress and exceptional commercial execution,” said Robert E. Landry, the company’s CFO. “We continue to prioritize internal investments while allocating additional capital to opportunistic share repurchases and potential business development.”

PepsiCo and Walmart team on sustainable agriculture project

Purchase-headquartered PepsiCo is partnering with Walmart on a seven-year collaboration to pursue $120 million worth of investments focused on supporting U.S. and Canadian farmers in their pursuit of improved soil and water quality.

The agricultural supply chain for the two companies stretches across North America and involves a large volume of critical crops – including potatoes, oats, corn, wheat, soybeans and rice.

Through the partnership –which will establish financial, agronomic and social programs – the companies seek to expand regenerative agriculture practices on more than 2 million acres of farmland and deliver approximately 4 million metric tons of greenhouse gas (GHG) emission reductions and removals by 2030.

"Successful sustainability starts and ends with trust. At PepsiCo, we work very hard to earn the trust of the farmer so they understand that we are investing in their legacy and they can hand their farm down to the next generation," said Jim Andrew, chief sustainability officer at PepsiCo.

"This collaboration aims to help elevate farmer livelihoods, engage them on how to more sustainably manage soil health, increase yields and create a model that others can mimic across other product categories, including encouraging additional investments in regenerative agriculture by other brands," said Jane Ewing, senior vice president for sustainability at Walmart.

The new service launched Nov. 15 and will operate twice weekly on Wednesdays and Saturdays. San Juan is Avelo's first destination outside the continental United States.

“A lot of people have been eagerly awaiting this news,” said Avelo Airlines Chairman and CEO Andrew Levy. “With a large and increasing number of Puerto Ricans calling Connecticut home, this service will make reconnecting with friends and family easier and more affordable than ever. And with winter right around the corner, this Caribbean island treasure is the latest example of how Avelo is inspiring travel in new and exciting ways for Southern Connecticut.”

Avelo is the second carrier this year to launch service between Connecticut and Puerto Rico. Last month, Spirit Airlines began service from Bradley International Airport to Luis Muñoz Marín International Airport.

IBM board of directors taps Mastercard CEO

The board of directors of Armonk-based IBM has elected Michael Miebach, CEO of Purchase-based Mastercard, to the board, effective Oct. 30.

“We are delighted that Michael Miebach will join the IBM board of directors,” said Arvind Krishna, IBM chairman and CEO.

“Michael is an accomplished technologist and international business leader. His insights and experience will strongly benefit IBM and its shareholders.”

Miebach is also a member of the Business Roundtable, The Business Council of Westchester and the International Business Council of the World Economic Forum. He is a trustee of the U.S. Council for International Business and also serves on the U.S. Treasury Advisory Committee on Racial Equity.

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