Nathan Owens

New York

Reporter at Manufacturing Dive

reporter @agriculturedive | Formerly @arkansasonline | SEC fan | #WPS

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Articles

Small Business Administration boosts manufacturing funding efforts

4 days ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. Dive Brief:The U.S. Small Business Administration is increasing funding opportunities to help small- and mid-sized manufacturers build, expand or enhance their operations. As part of its Made in America Manufacturing Initiative, the agency said it will provide three eligible applicants with up to $1.1 million total to deliver training and assistance to support small businesses in its Empower to Grow Program.
The limitations of AI in chip manufacturing

1 week ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. Manufacturers are implementing artificial intelligence into their processes to boost efficiency and gain a competitive edge. Eventually, with the right combination of robots, data and software, it could lead to fully autonomous semiconductor fabs or processes that free up the human workforce to solve problems alongside AI, according to executives at an industry conference this week.
Tractor makers CNH, Agco face sales headwinds amid economic slowdown

1 week ago | finance.yahoo.com | Nathan Owens

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Nathan Owens Mon, May 5, 2025, 7:00 AM 3 min read In This Article: This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Farm equipment manufacturers CNH Industrial and Agco Corp.
Tractor makers CNH, Agco face sales headwinds amid economic slowdown

1 week ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. Farm equipment manufacturers CNH Industrial and Agco Corp. reported sales declines of 23% and 30% in their first quarters, respectively, over last year, underscoring an economic slowdown across agriculture sectors. As customers pulled back on spending, net incomes plummeted last quarter for CNH and Agco — down 64% and 95% YoY, respectively, according to their latest earnings reports.
Caterpillar braces for $350M tariff hit on Q2 sales

2 weeks ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. Construction equipment maker Caterpillar is expecting a tariff impact of $250 million to $350 million on second quarter sales, newly appointed-CEO Jim Creed said in an earnings call Wednesday. While cost cuts have already taken place to weaken the effects of the tariffs, Creed said Caterpillar is evaluating a variety of long-term mitigation actions that require more time to implement and are more difficult to reverse.
Caterpillar braces for $350M tariff hit on Q2 sales

2 weeks ago | finance.yahoo.com | Nathan Owens

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Nathan Owens Fri, May 2, 2025, 7:41 AM 3 min read In This Article: This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Construction equipment maker Caterpillar is expecting a tariff impact of $250 million to $350 million on second quarter sales, newly appointed-CEO Jim Creed said in an earnings call Wednesday.
Merck invests $1B in Delaware drug manufacturing facility

2 weeks ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. Merck is constructing a $1 billion drug manufacturing facility in Wilmington, Delaware, as part of its commitment to investment and growth in the United States. The company on Tuesday said it broke ground on its 470,000-square-foot biologics center of excellence, which will have laboratory, manufacturing and warehouse capacity to produce and scale next-generation medicines.
Tracking tariffs: The latest frontier in AI

2 weeks ago | supplychaindive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. As tariff policies change rapidly, companies are scrambling to understand the volatile impacts on their operations, from raw material costs to supply chain disruptions. To better navigate this, software developers have prioritized making digital tools to help manufacturers and retailers have better visibility into how tariff fluctuations are affecting them.
Merck invests $1B in Delaware drug manufacturing facility

2 weeks ago | finance.yahoo.com | Nathan Owens

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Nathan Owens Wed, Apr 30, 2025, 3:14 PM 2 min read This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Merck is constructing a $1 billion drug manufacturing facility in Wilmington, Delaware, as part of its commitment to investment and growth in the United States.
The Trump administration restored Manufacturing Extension Partnership funding. Will it stick?

2 weeks ago | manufacturingdive.com | Nathan Owens

This audio is auto-generated. Please let us know if you have feedback. The Trump administration reversed its decision to cut federal funding for 10 state Manufacturing Extension Partnership centers that support small and medium-sized manufacturers, following pushback from lawmakers and industry advocates. Delaware Rep.