M. Holland is excited to be the Headline Sponsor for the Injection Molding & Design Expo in Detroit! This two-day trade show will highlight the latest technologies, materials, equipment and opportunities in injection molding. The event is May 25-26 and admission is free. Click here to learn more.
Haleyanne Freedman, M. Holland’s 3D Printing Market Manager, will be discussing Open Platform Adoption in Additive Manufacturing. Don’t miss her presentation in the Designing the Future Theater on Wednesday, May 25 at 4:00 pm ET.
Josh Blackmore, M. Holland’s Global Healthcare Manager, is facilitating a training seminar on Understanding Material Selection for Medical Devices, from Qualification to Approval. Mark your schedules for this session in the Training and Development Theater on Thursday, May 26 at 9:15 am ET.
M. Holland will be closed Monday, May 30 for the Memorial Day holiday.
Supply
Competing pressures held oil prices to a limited gain Monday. In mid-morning trading today, WTI futures were up 0.2% at $110.50/bbl, Brent was up 0.5% at $113.90/bbl, and U.S. natural gas was up 1.3% at $8.86/MMBtu.
The White House is weighing an emergency release of diesel from a rarely used stockpile to help blunt rising prices, officials said. The average diesel price hit $6.43 a gallon in New England yesterday, up 78% on the year.
U.S. crude output remains below pre-pandemic levels even though crude prices have doubled since early 2020.
California may impose mandatory water restrictions after one of the driest rain seasons in a century. The state’s current drought is linked to a longer “megadrought” which has persisted since 2000.
Contract negotiations between 22,000 West Coast dockworkers and their employers could stretch one or two months past a July 1 deadline, officials indicated.
Supply-chain managers quit their jobs last year at the highest pace since 2016, while openings for managerial positions have more than doubled during the pandemic.
Motorola is paying a premium for semiconductors on the secondary market and shifting from ocean to air as its primary means of freight as supply constraints hamper manufacturers.
Samsung unveiled a $356 billion investment blueprint for the next five years aimed at making it the world’s frontrunner in semiconductor development.
BMW expects to meet its output targets for 2022 even as congestion at Chinese ports, closures in Ukraine and other supply disruptions continue to weigh on sales.
U.S. egg prices are up 40% this year after a series of avian flu outbreaks forced the destruction of flocks, dropping output to a 17-year low.
U.S. regulators will issue an emergency declaration to waive hours-of-service requirements for commercial vehicle drivers transporting baby formula ingredients and packaging.
Maersk extended contracts to provide two anchor-handling tugs cleaning floating plastic waste in the Great Pacific Garbage Patch.
Domestic Markets
The U.S. reported 18,309 new COVID-19 infections and 27 virus fatalities Sunday.
As Microsoft’s acquisition of Activision goes through antitrust review, some Activision studio workers voted to unionize, a first for a major U.S. videogame maker and another example of new groups organizing amid a labor crunch.
A New York City cab driver union is asking for higher fares and wages to deal with a surge in fuel prices.
A global survey found just 29% of U.S. car buyers have plans to go electric for their next vehicle, well under the 50% rate for the rest of the world. Still, electric vehicle registrations in the U.S. soared 60% in the first quarter, despite a decline in total registrations.
Shanghai remains on track to lift lockdowns on June 1 but said residents will need to scan mobile health apps to enter schools, parks, and office and residential buildings.
The EU’s central bank is likely to increase its key interest rate — currently negative — to zero by September and could continue raising rates after that, officials said.
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