On Tuesday, General Electric Company (NYSE:GE)’s shares inclined 0.20% to $30.32.
The National Football League (NFL), Under Armour (UA), GE (NYSE: GE), and the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) declared the five winners of Head Health Challenge III, an open innovation competition to support the discovery, design and development of advanced materials that better absorb or dissipate impact. The new materials have the potential to improve the performance of protective gear, playing surfaces, and equipment for athletes, members of the military and others.
Each of the winners will receive $250,000 to advance their work in developing state-of-the-art materials. A panel of leading experts in the field of materials science selected these five winners from 125 entries because they met the challenge’s technical criteria to maximize energy absorption and minimize momentum transfer. One overall Head Health Challenge III winner will be selected from the five awardees to receive a $500,000 grand prize.
“The innovations in material science that we’ve seen in this challenge will have noteworthy applications in a range of equipment that will better protect our athletes, soldiers, children and others,” said Jeff Miller, NFL Senior Vice President of Health and Safety Policy.
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.
BP plc (ADR) (NYSE:BP)’s shares gained 1.85% to $30.78. BP plc 52 week range of the stock remained $29.35 - $43.85, while its day lowest price was $30.50 and its hit its day highest price at $20.87. The company has total of 18.31 billion outstanding shares. It has market cap of $91.77 billion.
BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGL).
At the end of Tuesday’s trade, CVS Health Corp (NYSE:CVS)‘s shares dipped -1.62% to $92.59. Its beta value stands at 0.89 times and earnings per share was $4.45. The company has total of 1.11 billion outstanding shares and its total market capitalization is $104.21 billion. 52-week price range of the stock remained $81.37 - $113.65.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments.