On Tuesday, Shares of General Electric Company (NYSE:GE), gained 1.23% to $31.28.

General Electric is acquiring New Jersey company Metem Corp. to lower costs and boost competitiveness in GE’s turbine business, which is based in Schenectady, New York, according to Business Journals.

Metem has been a GE supplier since the 1970s. The company develops cooling technology that lets turbine engines function more efficiently to save on costs, improvement operation time and reduce emissions.

Terms of the sale were not revealed. It’s predictable to go through in the first quarter of 2016.

The Metem acquisition comes as GE (NYSE: GE) looks to cut $1 billion a year from its supply chain. That comprises making more of its own parts or buying the companies that make them, according to The Wall Street Journal.

General Electric Company operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.

Shares of United States Steel Corp. (NYSE:X), declined -1.20% to $8.20, during its last trading session, as plunging oil prices reduce the energy industry’s need for steel pipes and drill bits.

U.S. Steel is a Pittsburgh-based steel producer.

Oil prices have tumbled as concerns about the global supply glut persist, with Brent crude hitting an 11-year low last Tuesday.

United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).

Finally, Envision Healthcare Holdings, Inc. (NYSE:EVHC), ended its last trade with 1.35% gain, and closed at $25.59.

December 7, 2015 - Underserved children across America will have access to a free well-care screening during their next pediatrician visit thanks to a humanitarian partnership between Envision Healthcare (EVHC) (Envision), Pager and Children’s Health Fund.

Started December 7, in support of National Influenza Vaccination Awareness Week, Pager and Envision, which together comprise the nation’s leading on-demand healthcare provider, are offering up to 5,000 free flu shots in six major U.S. cities both through Pager’s mobile app in addition to through local community services. For each vaccination delivered, Pager Cares, Pager’s charitable division launching in tandem with the initiative, will provide one healthcare screening to underserved children across the country through the Children’s Health Fund’s national fleet of mobile medical units.

Pager Cares will use innovative technology to disseminate flu shots delivered by medical professionals from Envision Healthcare in New York, Dallas, San Francisco, Fort Lauderdale, Tampa and San Diego.

Envision Healthcare Holdings, Inc. provides physician-led, outsourced medical services to consumers, hospitals, healthcare systems, health plans, and government entities in the United States. It offers a range of hospital-based physician staffing and related administration services, counting contract administration, staffing, recruiting, scheduling, operational improvement assessment, practice support, and practice improvement services for emergency departments, anesthesiology, hospitalist/inpatient care, radiology, tele-radiology, and surgery programs; and physician-led care administration solutions to patients outside the hospital.