NEW YORK TIMESĪmid marketing backlash, Bud Light parent co. Goldman also tried to arrange the sale of Silicon Valley Bank’s stock. Silicon Valley Bank did so in a matter of hours, then revealed it had taken a $1.8 billion loss on the move. Investment bankers at Goldman advised Silicon Valley Bank’s leaders to sell a $21 billion portfolio of US government debt whose value had been greatly diminished by rising interest rates. The investigations include “the firm’s business with SVB in or around March 2023, when SVB engaged the firm to assist with a proposed capital raise and SVB sold the firm a portfolio of securities,” Goldman’s filing to the Securities and Exchange Commission said. Goldman said it was “cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries” into Silicon Valley Bank, which collapsed suddenly on March 10, touching off a crisis of confidence that has led to the failure of two more regional lenders, and a panic in the stock market over the fate of others. US authorities are investigating the work Goldman Sachs did for Silicon Valley Bank in the weeks before it failed, including its advice that the smaller lender sell a large portfolio of securities at a loss, according to a regulatory filing by Goldman on Thursday. Goldman Sachs says feds are probing its role in Silicon Valley Bank collapse EH2, according to a spokesperson, is currently in negotiations with city and state officials about an incentive package for the Devens project. The larger manufacturing facility, which will employ at least 70 to start, will be in a 45-acre biomanufacturing campus known as Pathway Devens, which is being developed by Boston-based life sciences developer King Street Properties. A pilot production plant will open by the end of 2023 near the R&D facility in California, while the Devens plant will open by the end of 2024.

The company employs more than 200 people, and has corporate offices in Natick and San Carlos, Calif. Cofounder David Eaglesham said EH2 aims to become a key player in the nascent “green hydrogen” industry, which focuses on making hydrogen from electricity derived from renewable sources. The hydrogen, in its gaseous form, can be used to power a number of industrial processes. Electric Hydrogen Co., as its name implies, plans to make electrolyzer stacks that can use electricity to break apart water into its components of hydrogen and oxygen. Electric Hydrogen signs lease for 187,000-square-foot ‘green hydrogen’ facility in DevensĪ Natick-based manufacturer announced on Thursday that it has leased a newly constructed, 187,000-square-foot facility on Jackson Road in Devens for its first industrial-scale factory.

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