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Columbia Class Submarines Will Influence Next Generation of Navy’s Attack Subs

  • Technology from the Columbia class ballistic submarines that will be developed at General Dynamics Electric Boat will be used in the next generation of attack subs
  • The “SSN(X)” will match the size of the Columbia class, with a wider hull
  • Former Secretary of Defense naval plan calls for three-a-year attack submarine production, though the Navy has not yet signaled this pace to manufacturers
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COVID-19 Might Influence Your Company, But It Shouldn’t Be Its Defining Purpose

  • Some companies have seen their products and services in higher demand due to the conditions brought on by COVID-19
  • However, any businesses set up solely in response to current conditions will likely become irrelevant if they are not positioned for future demand
  • Companies like Zoom and Peloton were able to benefit from pandemic conditions, but were set up based on long-term expectations
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COVID-19 Will Have a Lasting Effect on Companies’ Content Marketing Efforts

  • As many businesses face a drop in revenue during the COVID-19 pandemic, businesses reevaluate their marketing strategies
  • Fewer opportunities for in-person or physical marketing increase the importance of a digital presence
  • Content marketing remains a growth area, as well as an important way to enhance a business’s visibility online
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Pandemic, Shrinking Store Presence Could Drive Large-Scale Repurposing of Retail Space

  • Assessment by global consulting advisory company PwC determines that the United States is overdeveloped in retail space compared to other Western nations
  • COVID-19 and retail’s dwindling physical presence could result in vacant spaces being repurposed or demolished
  • Pandemic has also made more office space available, though this trend may reverse later on
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Automation Chief Says Better Data Utilization Could Boost Manufacturing Productivity

  • Automation expert at Swiss engineering firm ABB says industrial companies don’t utilize most of the data they generate
  • Pairing the data with processes such as artificial intelligence could lead to a significant boost in manufacturing productivity
  • Autonomous and data-driven processes are part of the “Industry 4.0” movement underway around the globe
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Fraud Concerns Weigh on Paycheck Protection Program as Judge Orders Release of Loan Data

  • Hundreds of investigations have been opened into potential misuse of the Paycheck Protection Program
  • A judge has ordered the release of detailed PPP data, in part to make it easier to identify cases of fraud, waste, or abuse
  • Concerns over program management and effectiveness could influence congressional action on a new round of funding for the program
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A Divided Senate Would Limit Biden’s Economic Policies, But Several Options Would Be Available

  • Control of the U.S. Senate hinges on a January runoff election, and Republicans could retain control of the chamber if they win at least one seat
  • President-elect Joe Biden’s options would be limited under a divided Congress, but he could influence economic policy from the executive branch through regulations, personnel changes, and executive orders
  • Connecting environmental initiatives to economic ones could foster progress on climate policy
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Block Island Cable Problem Highlights Vulnerabilities With Offshore Wind Transmission

  • Block Island Wind Farm, the first offshore wind installation in the United States, will briefly go offline in the spring to shore up transmission cables
  • This issue highlights how the transmission cables are one of the more vulnerable components in offshore wind farms
  • In addition to developments to protect cables, efforts are underway to create a more coordinated approach to connecting offshore turbines with the electric grid
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Markets Invert on Positive News on COVID-19 Vaccine; Pandemic Winners Sink Among Broader Gains

  • Pfizer and BioNTech announce that their COVID-19 vaccine is 90 percent effective, exceeding expectations
  • News causes a rapid shift in market favorites, with “stay-at-home” stocks dropping amid broader gains
  • Pfizer applying to fast-track distribution of the vaccine, though research is continuing into its effectiveness on severe and asymptomatic cases
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What Joe Biden’s Presidency Might Mean For the Business World

  • Business leaders congratulate Democratic candidate Joe Biden on his victory in the 2020 presidential race and call for a peaceful transition
  • Likelihood of a GOP Senate limits the potential for certain items on Biden’s agenda, but the President-elect is likely to bolster current shifts in several industries
  • Connecticut political leaders celebrate Biden win and hope it will foster improvements to the state’s infrastructure
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