Tag:

Research and Development

MD, DC Among Nation's Innovation Leaders, New Study Finds: Here's Why MD, DC Among Nation's Innovation Leaders, New Study Finds: Here's Why
MD, DC Among Nation's Innovation Leaders, New Study Finds: Here's Why The nation's capital and several Northeast states are driving research, innovation, and business growth, according to a new study. WalletHub released its 2026 list of Most & Least Innovative States on Wednesday, March 18. The report evaluated all 50 states and Washington, DC, using 25 indicators tied to innovation. The metrics include the share of science, technology, engineering, and math (STEM) workers, research and development spending, and tech industry presence. Washington, DC, retained its place as the nation's innovation leader, according to WalletHub. The District sto…
MD Among Three Best States For Research, Development In New Ranking: Here's Why MD Among Three Best States For Research, Development In New Ranking: Here's Why
MD Among Three Best States For Research, Development In New Ranking: Here's Why Many Northeast states are among the most innovative in the US, according to a new study. SmileHub released its 2025 list of Best States for Research and Development on Tuesday, Sept. 16. All 50 states were ranked across 17 metrics, including researchers per capita, research and development (R&D) spending, patents, research facilities, and STEM education. R&D funding in the US more than doubled over the past 15 years, climbing from $407 billion in 2010 to almost $940 billion in 2023, according to data from the National Center for Science and Engineering Statistics. That inv…
Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan
Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Merck, a pharmaceutical company headquartered in Rahway, announced it will be undergoing layoffs after a disappointing second quarter.  In its earnings report, Merck said it aims to save more than $3 billion in cost savings as part of a "multiyear optimization initiative."  The restructuring program includes eliminating certain administrative, sales and research and development positions. Merck did not say how many people would be laid off, but said they aim to achieve the cost savings by 2027.  To save money, the company plans to reduce office space and optimize its manufac…