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Research and Development

NJ Among Top 10 For Innovation In US, New Study Says: Here's Why NJ Among Top 10 For Innovation In US, New Study Says: Here's Why
NJ Among Top 10 For Innovation In US, New Study Says: 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…
NJ Among 10 Best States For Research, Development In New Ranking: Here's Why NJ Among 10 Best States For Research, Development In New Ranking: Here's Why
NJ Among 10 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…
NJ-Based Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan NJ-Based Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan
Nj-based 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…
NJ Among 10 Most Innovative States, New Study Says: Here's Why NJ Among 10 Most Innovative States, New Study Says: Here's Why
NJ Among 10 Most Innovative States, New Study Says: Here's Why Several states in the Northeast and Mid-Atlantic are setting the pace for US innovation by driving research, technology, and business growth, according to a new study. WalletHub released its 2025 Most & Least Innovative States study on Wednesday, Mar. 19. The study evaluated all 50 states and Washington, DC, using 25 key factors, including STEM job concentration, research and development spending, and tech industry presence. Washington, DC, took WalletHub's top spot, driven by its high concentration of professionals in science, technology, engineering, and math. The nation's c…
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Nearly 300 employees in Lawrenceville will lose their jobs as part of a pharmaceutical company's major cost-cutting measures, officials said. Bristol Myers Squibb will lay off at least 290 employees in 2025, according to a Worker Adjustment and Retraining Notification (WARN) notice in February. A company spokesperson confirmed the layoffs to the Daily Voice on Monday, Mar. 3. The company will begin 223 of those layoffs on Thursday, May 22, and continue them through Friday, Aug. 1.  "We are optimizing operations across the company while prioritizing investments in innovative and t…
Candy Company Makes $70 Million Investment To New Jersey Site Candy Company Makes $70 Million Investment To New Jersey Site
Candy Company Makes $70 Million Investment To New Jersey Site Mars is continuing its commitment to Warren County. The company that produces M&Ms, Snickers, Altoids, and Ben's Original announced a $70 million investment to its site in Hackettstown.  The money will go toward a new Research and Development Innovation Studio, including a new test kitchen and packaging lab. Mars celebrated the investment with a ribbon cutting that included an appearance by the blue and red M&Ms. "The continued investment in our Hackettstown site re-affirms our commitment to innovation in New Jersey," Anton Vincent, the president of Mars Wrigley North America…