Clarivate Plc - CLVT STOCK NEWS

Clarivate Plc (NYSE:CLVT) collaborated with KAIST Innovation Strategy and Policy Institute to release a report analyzing the global AI innovation landscape. The report highlights AI's transformative role across industries and emphasizes the importance of quality over quantity in innovation. Key insights reveal that neural networks and machine learning have experienced over 46% growth since 2010, with the U.S. leading in influential AI inventions. The findings suggest that national strategies play a crucial role in developing successful AI ecosystems, impacting future capabilities and economic growth.

Clarivate Plc (NYSE:CLVT) released its annual report identifying key biopharmaceutical trends of 2021. Major highlights include the ongoing impact of COVID-19 on the industry, breakthroughs in Alzheimer's treatments, and the emergence of DNA vaccines.

Despite the pandemic, R&D investments surged, achieving record financing levels. Innovations in artificial intelligence were also noteworthy, with Australia recognizing AI as a patent inventor. The report underscores the resilience of the biopharmaceutical sector in continuing advancements despite external challenges.

Clarivate Plc (NYSE: CLVT), in collaboration with the Chinese Academy of Engineering and Higher Education Press, has released the Engineering Fronts 2021 report, identifying 93 engineering research fronts and 93 development fronts across nine fields, including mechanical, chemical, and information engineering. The report highlights 28 key engineering research and development areas crucial for future innovation. Jeremy Lawson from Clarivate emphasized the importance of this report in guiding global engineering research, while CAE's Zhong Zhihua acknowledged its role in shaping academic direction.

Clarivate Plc (CLVT) and the Chinese Academy of Sciences released the "Research Fronts 2021" report, identifying 171 research fronts, including 110 hot and 61 emerging areas across sciences and social sciences. Notably, a third of these fronts relate to COVID-19, highlighting their critical role in combating the pandemic. This marks the eighth consecutive year of collaboration between Clarivate and CAS, showcasing their commitment to enhancing research insights. The report also indicates that the US leads in research performance, closely followed by China.

Clarivate Plc (NYSE:CLVT) has released a report titled Luxury brands: Re-calibrating brand strategies for a changing world, highlighting how luxury brands are evolving in response to market challenges. The report indicates that luxury brands are venturing into sectors like software and gaming, with LVMH showing significant trademark activity in these areas. Furthermore, it predicts that by 2025, half of luxury purchases will come from Gen Z and millennials, who are increasingly engaged in digital platforms. The report also warns of rising risks in brand protection within the digital sphere.

Clarivate Plc (NYSE: CLVT) has released a report highlighting the potential of telehealth to address healthcare disparities among Black Americans. The report emphasizes the need for equitable access to telehealth services, especially following the COVID-19 pandemic, which exposed significant gaps in healthcare accessibility. Challenges such as reimbursement structures and technology barriers hinder progress. Recommendations include enhancing reimbursement policies, investing in broadband infrastructure, and improving provider training in telehealth practices. The report aims to inform stakeholders on actionable strategies to improve healthcare equity.

Dana Incorporated (NYSE: DAN) has appointed Timothy R. Kraus as its new senior vice president and chief financial officer, succeeding Jonathan Collins, who will join Clarivate plc (NYSE: CLVT). Kraus, a Dana veteran with over a decade at the company, previously served as senior vice president of finance and treasurer, overseeing global treasury operations and strategic acquisitions. CEO James Kamsickas acknowledged Kraus's crucial role in Dana's transformation strategy, enhancing innovation and balance sheet strength. Collins will assist in the transition until December 15, 2021.

Clarivate (NYSE: CLVT) announced a leadership change with the departure of CFO Richard Hanks, effective December 16, 2021. His successor, Jonathan Collins, currently CFO of Dana (NYSE: DAN), will take over to drive the company's ongoing growth. Hanks will assist during the transition until April 1. Collins brings extensive experience from Dana and ProQuest, where he held senior financial roles. Clarivate's Executive Chairman praised Hanks for his contributions over the past five years and expressed confidence in Collins' ability to lead the financial strategy moving forward.

Clarivate has successfully completed its acquisition of ProQuest for $5.3 billion, enhancing its position as a global leader in information and analytics. This acquisition, announced on May 17, 2021, adds ProQuest's software, content, and analytics capabilities to Clarivate's portfolio. The combined entity now boasts over 11,000 employees serving 45,000 customers worldwide. The integration aims to unlock synergies and offer enriched services to research-focused organizations, while maintaining investment in existing product lines. Key leadership changes include Jonathan Collins as the new CFO.