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Carolina ranks 9th among all top U.S. research institutions

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CHAPEL HILL, N.C., Dec. 11, 2024 /PRNewswire/ — Research spending at Carolina has topped $1.55 billion, fueling the state’s economy, powering new discoveries, driving innovation, and creating a better quality of life for people in North Carolina and beyond. This is the eighth year in a row the University’s research activity totaled over $1 billion, and research expenditures increased across all of Carolina’s funding sources.

“This achievement translates to greater impact for our state, from providing tailored health care treatments, to improving our understanding of the environment to building more resilient communities,” says Chancellor Lee H. Roberts. “The growth of our research enterprise and the expertise of our faculty means that Carolina will continue solving our most critical challenges.”

These rankings are released each year by the National Science Foundation’s Higher Education and Research Development Survey, which collects information on R&D expenditures by field of study and source of funds. The survey evaluates over 900 institutions and provides the main source of data on R&D expenditures by U.S. higher education institutions.

Here’s a look at some key facts and figures for Carolina:

7th largest public research university9th largest overall research university (up from 12th)$1.55 billion in annual research activity (up from $1.36 billion)34th for industry-sponsored R&D among U.S. private and public institutions (up from 36th)5th for health sciences research (up from 7th)3rd for social sciences research (up from 4th)

Among all ranked universities, 16 of the top 30 were public, a clear indication of the impact that state schools have on the economy, health, and safety of their communities. UNC-Chapel Hill is now the top institution in the state in research activity, exemplifying the University’s values of serving North Carolina with unwavering commitment to being one of the world’s great research institutions. This research activity provides tangible support for students and equips them with life-changing experiences that increase their competitiveness for jobs and enrich North Carolina’s workforce.

“This significant milestone is a testament to the power of Carolina’s research enterprise,” says Vice Chancellor for Research Penny Gordon-Larsen. “We are not only advancing knowledge but also improving lives, driving innovation, and strengthening our economy. Breaking back into the top ten of all U.S. institutions is a testament to the hard work and ingenuity of our faculty, staff, and students.”

A look behind the numbers

Carolina’s excellence in specific research areas propelled its growth in expenditures by $190 million in the latest fiscal year. The following are examples of projects that solve critical challenges to better the health and well-being of people, communities, and environments.

Preventing and curing diseases

Lindsey James explores medicinal chemistry and epigenetics with the goal of making strides in cancer care and treatment. She and her team develop small-molecule tools that could be useful against an array of cancers. James’ translational research bridges the gap between promising early-stage science and the development of products and services that benefit society.

In collaboration with scientists and clinicians, Wubin Bai specializes in combining artificial and biological materials to create next-generation medical devices needed by the health care field, from robots that mimic human skin to a wearable patch for wireless drug delivery to a device that can communicate with 3D cell structures called organoids.

Environment, water, and energy

Jingsong Huang is collaborating with NC State University to boost North Carolina’s energy production and reduce dependence on out-of-state fossil fuels. In his lab, scientists and engineers are focused on making solar cells more affordable, longer lasting, and more effective at converting sunlight to electricity by using a material called perovskite.

In a partnership with the Audubon of North Carolina, researchers from the Carolina Drone Lab use aerial imagery to assess marsh health in the Outer Banks. This past summer, the collaborative research unit within the UNC Institute for the Environment visited four marsh sites along the Currituck Sound as part of a study on the applications of drone technologies for coastal resilience to ensure the safety of Carolina’s coastline.

Brain, behavior, and well-being

In the first university-wide cluster hire program led by the Office of the Vice Chancellor for Research, Carolina will hire up to four researchers to build a new cross-disciplinary team that expands our capacity to develop substance use disorder (SUD) resources. The Catalyst Faculty Cluster Program will recruit a group of researchers with complementary expertise in behavioral science, clinical research, and neuroengineering to create a cutting-edge approach to understanding and treating SUD.

Researchers in the Winston National Center on Technology Use, Brain, and Psychological Development are conducting groundbreaking research that links social media habits to brain changes, while also providing career training and public awareness. The center has created videos, a middle-school curriculum, and other resources for people to learn about how digital media can affect children and adolescents.

Healthy and resilient communities

Jason Surratt, in collaboration with Barbara Turpin, have developed a new method for measuring PFAS in real-time and directly from the air to more effectively monitor and regulate PFAS pollution. This technology can significantly improve public health and environmental protection across our state, especially in areas with industrial sites.

Nabarun Dasgupta — recognized by TIME100 Next for his work responding to the national opioid overdose epidemic — is easing access to naloxone and testing street drugs. He collaborates with community partners and a multidisciplinary team of scientists with backgrounds in health communication, public health, medicine, and chemistry to develop novel approaches to understanding and addressing health problems arising from opioid use.

Shaping the future

Research plays a critical role in the educational experience for Tar Heels. Every Carolina undergraduate student is required to take at least one Research and Discovery course. These courses provide students the opportunity to immerse themselves in a research project, learning new skills as they produce original scholarship or creative work.

There are currently more than 1,000 undergraduate students employed in labs across our campus. One example is Lilly Nekervis. After joining the Interactive Robotics and Novel Technologies Lab, she embarked on a research project to transform the lab’s robot into a guide dog for individuals with visual impairments.

Nekervis and her lab were one of more than 25 projects showcased at the first annual Research & Discovery Fair during the 2024 University Research Week, which more than 600 undergraduates attended. Students saw what research looks like in action, talked to lead investigators, and signed up to participate in labs and studies.

In the 2023-24 academic year, 12 graduate students won Impact Awards honoring discoveries that contribute to a better future for North Carolinians. More than 300 received external funding awards to fuel their research and creative scholarship, like Mark Ciesielski, who is working to restore North Carolina’s oyster communities by exploring the driving factors that may be leading to their demise.

With 32 Carolina faculty named in Clarivate’s 2024 list of highly cited researchers in the world, our faculty continue to demonstrate their significant and broad influence in their fields of study. The significant accomplishments of Carolina’s students and world-class scholars speak to the quality of the University’s research enterprise and academic programs.

Moving forward, Carolina will continue building upon its excellence with a strategic plan to accelerate research growth. The University will leverage its existing strengths and strategically focus on enabling projects that have the greatest potential to drive impact, with a goal of $2 billion in research activity by 2034 to take on the world’s biggest challenges, drive new breakthroughs, and benefit North Carolina and beyond.

UNC-Chapel Hill Media Contact: mediarelations@unc.edu

View original content:https://www.prnewswire.com/news-releases/carolina-ranks-9th-among-all-top-us-research-institutions-302329239.html

SOURCE University of North Carolina at Chapel Hill Office of Communications

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Bybit Renews P2P Super Deal with Up to 99% Savings for New Users

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DUBAI, UAE, Nov. 3, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has launched the latest round of its Bybit P2P Super Deal, a new-user exclusive promotion offering guaranteed coupons worth up to 99 USDT and savings of up to 99% on eligible P2P orders.

From now to March 30, 2027, P2P Super Deal continues Bybit’s long-running tradition of rewarding newcomers with meaningful incentives as they begin their crypto journey on the platform’s popular peer-to-peer marketplace.

Eligible new users may complete a first-time deposit or trade of just 10 USDT via Bybit P2P to unlock a guaranteed coupon valued between 10 and 99 USDT, which can be applied to the next eligible P2P order for savings of up to 99%.

How It Works

Signing up and verifications: New users must create a Bybit account and complete the necessary identity verification and visit P2P Super Deal to confirm eligibility.First deposit starting at 10 USDT: Participants can locate the “P2P Super Deal” task on the Bybit P2P Trading page and complete an initial deposit.Lucky draw chance: Upon completing the deposit task, a spin of the lucky draw wheel offers a chance to win a coupon valued at up to 99 USDT.Applying the coupon: The coupon can be applied to the next P2P order, reducing the fiat amount paid and delivering savings of up to 99%.

The latest Bybit P2P Super Deal presents a bonus opportunity. For participants who complete an eligible trading or deposit task at 100 USDT or more, an additional spin is available for them to unlock more chances to win higher-value rewards.

Bybit offers year-round benefits for the trading community across its products and services. Bybit P2P combines zero trading fees, support for a wide range of fiat currencies, and an enterprise-grade escrow system, making it an intuitive and powerful platform for both new and experienced traders.

More details on event mechanics, eligibility, and terms and conditions are available at: Learn more about the P2P Super Deal

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Asset manager margins squeezed as infrastructure bill climbs, PwC finds

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Infrastructure moves up the strategic agenda as asset managers confront margin pressure

LUXEMBOURG, Nov. 3, 2026 /PRNewswire/ — Infrastructure is moving from the back office to the centre of asset managers’ strategy. With profit per AuM down 19% since 2018 and projected to fall another 9.1% by 2030, decisions on what to build, buy or access through partners now shape how firms compete, according to PwC’s Global Asset Management Infrastructure: Rethinking the industry’s piping report. 67% say fee compression is limiting their ability to invest.

Spending is also tied to the past: only 23% of asset managers direct most of their technology budget to new capabilities, while 29% spend more than 70% of it maintaining legacy systems.

Surveying 150 asset managers and 50 infrastructure providers, the report finds AI is sharpening these constraints. Some 24% cite data fragmentation and 17% legacy systems as major barriers to scaling AI.

Roland Kastoun, Global Asset and Wealth Management Advisory Leader, PwC, notes: “The industry’s profits per dollar managed have fallen by almost a fifth, and the bill for the pipes keeps rising. The managers who survive the next five years won’t be the ones with the flashiest AI, but rather the ones who fixed the so-called boring stuff first.”

Market data is seen as poor value for money, with 58% ranking it among the most expensive infrastructure layers relative to the value delivered, ahead of regulatory reporting systems (47%) and core technology platforms (46%).

Meanwhile, some 70% of infrastructure providers expect a larger share of industry revenues, while 68% name hyperscale cloud providers as the main emerging threat.

“Seven in ten infrastructure providers expect to take a bigger slice of the pie, which tells you where the power in this industry is quietly shifting,” said Björn Ebert, Financial Services Leader, PwC Luxembourg.

Some 44% favour hybrid sourcing models combining in-house, bought and partnered capabilities, compared with 21% who prefer to buy, 18% to partner and 13% to build in-house.

The report identifies four emerging infrastructure archetypes, namely infrastructure orchestrators, digital and tokenisation platforms, specialist modular providers and integrated asset managers. No single model fits every firm. Each must decide what to own, what to standardise and where a specialist can do the job better. Those who decide early will be better placed to protect margins through 2030.

Media Contact
Penta Group, pwc@pentagroup.com

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Temu Partners with Latvian IT Cluster to Help Local Businesses Grow Online

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RIGA, Latvia, Nov. 3, 2026 /PRNewswire/ — Temu has signed a memorandum of understanding (MoU) with the Latvian IT Cluster (Latvijas IT klasteris) to support Latvia’s digital business ecosystem, providing local small and medium-sized enterprises (SMEs) with broader access to digital tools, knowledge, and international e-commerce opportunities.

Under the MoU, Temu will collaborate with the Latvian IT Cluster on its programs and activities, host educational webinars and exchange insights with local industry experts. The collaboration brings together Temu’s experience as an international marketplace operator and Latvian IT Cluster’s work helping businesses across sectors adopt digital tools.

Temu and Latvian IT Cluster hosted “The Path to Growth: Navigating E-commerce for European SMEs” on Oct. 20, drawing participants from local businesses across various industries. The webinar covered Temu’s Local Seller Program, logistics and regulatory requirements, and included a Q&A with Temu representatives.

“We are delighted to welcome Temu as a member of the Latvian IT Cluster. The involvement of internationally recognized companies in our ecosystem creates new opportunities for Latvian businesses to gain valuable knowledge, build connections, and strengthen their competitiveness,” said Aiga Irmeja, Chair of the Board at Latvian IT Cluster. “We are pleased that our partnership has already resulted in joint activities exploring e-commerce opportunities in Europe, and we hope this is just the first step towards further joint initiatives that will support the presence of Latvian businesses in the digital economy and international markets.”

The focus on practical guidance and direct dialogue responds to the challenges of complexity and connection, two of the key barriers to growth identified in Temu’s recent Small Business Insights Report, which was informed by meetings and discussions with over 100 European trade organizations.

“We want more small businesses in Latvia to benefit from the opportunities that e-commerce creates,” said a Temu spokesperson. “Working with Latvian IT Cluster brings us closer to local entrepreneurs, helping us understand their needs and support their ambitions to reach new customers and grow across Europe.”

Temu opened its Local Seller Program to businesses in Latvia in October 2025. In March 2026, it signed a logistics MoU with national postal operator Latvijas Pasts to support delivery and returns for local sellers.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

About Latvian IT Cluster

Latvian IT Cluster is an ICT association with around 100 members and 20 years of experience in advancing Latvia’s digital ecosystem. Through national and international initiatives, including the European Digital Innovation Hub, Digital Europe, Team Latvia and AI Studio, the association fosters innovation, digital transformation, knowledge sharing and cross-sector collaboration.

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