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Breaking the Sourcing Ceiling: APES 2026 Shanghai Unlocks Unfiltered Access to China’s Premier Auto Parts Factories

SHANGHAI, April 17, 2026 /PRNewswire/ — APES 2026 (Auto Parts Expo Shanghai) is poised to redefine the landscape of the automotive aftermarket, announcing its upcoming edition at the National Exhibition and Convention Center (NECC Shanghai) from August 5–7, 2026. As the industry pivots toward a more resilient and integrated future, this premier event stands as a testament to the technological passion and ingenuity shaping modern mobility.

As a strategic hub for the global automotive community, APES 2026 will encompass 60,000 sqm of exhibition space dedicated to the technological passion driving modern mobility. With over 2,000 premier manufacturers under one roof, the expo cultivates a dynamic ecosystem where global distributors and wholesalers can engage directly with the architects of the automotive future. It is here, at the heart of the industry, that meaningful dialogue begins and strategic alliances are forged.

APES 2026 creates a direct connection between global buyers and the source of production, streamlining the supply chain to unlock cost advantages and enhance profitability. With comprehensive coverage spanning the full ICE and NEV ecosystem, the event showcases everything from traditional engine, suspension, and electrical systems to cutting-edge NEV “Three-Electric” systems—battery, motor, and electronic control—as well as smart connectivity solutions.

The expo will bring together two strategic sourcing pillars: a concentrated showcase of China’s premier industrial clusters—Taizhou for molds and plastics, Wenzhou for electronics, Qinghe for filters, Yuhuan for chassis and valves, Ruian for braking systems, Shiyan for commercial vehicles, and Changzhou for lighting and body parts, alongside a dedicated zone for maintenance and wear parts, featuring high-demand essentials such as filters, oils, brake pads, and tires.

Scheduled for August 2026, APES 2026 brings together global buyers and premier suppliers to strengthen supply chains and capture emerging opportunities ahead of the peak sales season. Pre-registered professional buyers are eligible for an exclusive host of hospitality benefits—including complimentary accommodation, factory tours, airport shuttle services, and special gifts for early registrants—designed to elevate the sourcing experience. Register now HERE and join thousands of industry leaders in Shanghai to optimize your supply chain for 2026 and beyond.

More details are available at Homepage.

CONTACT US:
Email: apeschina@huamogroup.com
Wechat: +86 136 7186 2785 (Add by ID)
WhatsApp: +86 134 7240 9269 (Add to Contact)
Facebook | LinkedIn: APES-Auto Parts Expo Shanghai
Instagram: @apeschina (Follow/Search)

Results of the ixCrypto Index Series Quarterly Review (2026 Q1)


HONG KONG SAR – Media OutReach Newswire – 17 April 2026 – Today, IX Asia Indexes announced the 2026 1st quarter review of the ixCrypto Index Series. The constituent changes will be implemented on the effective date of 24th April 2026 (Friday). The results of the constituent review and exchange review are as follows:

1. Constituent Review – ixCrypto Index Series

1. 1. ixCrypto Index (“IXCI”)
The number of constituents will remain at 19 with no additions and deletions.

Additions:
No addition

Deletions:
No deletion

The free float adjusted market capitalization coverage is 84.26%* (excluding stablecoins, which represents 10.90% of the total crypto universe), while the 90-day-average volume is 77.36%*. The recapping at 40% will take effect on the effective date.

Since the last review, there has been a decrease in the crypto total market capitalization from USD3.38T to USD2.62T (-22.53%)#, and a decrease in the daily volume from USD157.69B to USD108.17B (-31.40%)#. Bitcoin remains the largest crypto in the constituent list, with its price decreased by 24.58% since the last review.

1.2. ixCrypto Portfolio Indexes

1.2.1 ixCrypto 5 Equal Weight Index (“IXEW5”) and ixCrypto 5 Square Root Index (“IXSR5”)

Additions:
No addition

Deletions:
No deletion

1.2.2 ixCrypto 10 Equal Weight Index (“IXEW10”) and ixCrypto 10 Square Root Index (“IXSR10”).

Additions:
No addition

Deletions:
No deletion

1.2.3 ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 Square Root Index (“IXASR10”).

Additions: Monero

Deletions: Chainlink

1.3. ixCrypto BTC/ETH Indexes
As of the cut-off date on 31st March 2026, the ixCrypto BTC/ETH 50/50 Index (“IX5050”) maintains a 50%/50% weighting for the ixBitcoin Index “IXBI” and ixEthereum Index “IXEI”. The ixCrypto BTC/ETH Proportional Index (“IXPI”) has a weighting of 83.12% and 16.88% for IXBI and IXEI, respectively.

At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 84.53% and 15.47% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date.

1.4. ixCrypto Stablecoin Index
The number of constituents will remain at 6 (Appendix 5). Stablecoin comprises 10.90% of the total crypto universe, and ixCrypto Stablecoin Index covers 98.26% of the 90-day average market capitalization in the stablecoin universe.

Additions
No addition

Deletions
No deletion

2. Exchange Review
To ensure the fairest price objective, all indexes are calculated based on average of multiple exchanges. As a result of exchange review, 10 exchanges passed the review process, which are as follows:

  1. Binance
  2. Pionex (ADDITION)
  3. BitMart (ADDITION)
  4. MEXC
  5. LBank
  6. Bybit
  7. Gate.io2
  8. Kucoin
  9. Crypto.com Exchange
  10. Coinbase Exchange

Deletion

  1. Huobi Global
  2. OKEx

The selected 10 exchanges will be used to generate each of the fair average prices for the IX indexes’ constituents. The exchange review covers volume rankings, exchange background checks, founders’ background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange.

For more details about our exchange selection criteria, please email info@ix-index.com. More information on the ixCrypto Indexes, including their constituents and constituents’ weights, is provided in the Appendices, or refer to the website https://ix-index.com/.

*Exclude stable coins and coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020)
#As of 31th March 2026, based on the past 90 days average
XXXX (ADDITION)Newly introduced exchanges as of 2026 Q1

Appendix 1

ixCrypto Index (“IXCI”)

Universe All crypto coins traded in at least two different exchanges around the world
Selection Criteria Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume
Number of Constituents 19 in Q1 2026
Launch Date 12th December 2018
Base Date 3rd December 2018
Base Value 1,000
Reconstitution Rule If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening.
Reconstitution and Rebalancing Frequency Quarterly and with a fast entry rule
Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40%
Currency US Dollar / HK Dollar [EOD in 14 currencies]
Dissemination Every 5 seconds for 24×7

(On Bloomberg, Reuters and major information vendors)

Website https://ix-index.com/
Bloomberg Page IXCI

Appendix 2

Weightings of the Constituents of ixCrypto Index

Crypto 90-day-average- Market Cap 90-day-average-Volume Cut-off
Price
Cumulative Market Coverage Weighting (%) After 40% Cap#
1 Bitcoin $1,533,407,044,481 $43,779,443,111 $66,691.44 58.59% 40.00%
2 Ethereum $291,140,668,312 $23,907,396,435 $2,023.51 69.71% 25.84%
3 BNB $99,700,601,834 $2,038,341,597 $608.55 73.52% 8.78%
4 XRP $98,820,126,064 $3,218,693,555 $1.32 77.30% 8.59%
5 Solana $58,322,802,634 $4,336,158,111 $82.44 79.53% 5.00%
6 TRON $27,802,977,066 $657,701,996 $0.32 80.59% 3.20%
7 Dogecoin $18,028,347,533 $1,341,528,833 $0.09 81.28% 1.47%
8 Cardano $11,055,216,118 $608,106,281 $0.24 81.70% 0.93%
9 Bitcoin Cash $10,617,756,282 $424,111,900 $459.70 82.10% 0.97%
10 Hyperliquid $8,515,529,227 $338,272,606 $36.79 82.43% 1.00%
11 Monero $7,415,161,010 $124,095,526 $321.29 82.71% 0.63%
12 Chainlink $7,273,963,510 $623,444,392 $8.61 82.99% 0.65%
13 Stellar $5,965,923,096 $147,863,725 $0.17 83.22% 0.59%
14 Zcash $4,956,891,601 $450,471,925 $225.56 83.41% 0.40%
15 Litecoin $4,745,674,586 $397,678,356 $53.20 83.59% 0.43%
16 Avalanche $4,565,289,028 $327,621,719 $8.79 83.76% 0.40%
17 Sui $4,558,926,661 $688,122,173 $0.86 83.94% 0.36%
18 Hedera $4,371,988,560 $136,144,137 $0.09 84.11% 0.40%
19 Shiba Inu $3,987,578,330 $135,856,575 $0.00 84.26% 0.36%

As of 31 March 2026

# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not the same as 90-day-average-Market Cap

Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website

Appendix 3

Weightings of the Constituents of ixCrypto Portfolio Indexes

Index Constituent ixCrypto 5 EW Index ixCrypto 5 SR Index ixCrypto 10 EW Index ixCrypto 10 SR Index ixCrypto Altcoin 10 EW Index ixCrypto
Altcoin 10
SR Index
1 Bitcoin 20.00% 47.35% 10.00% 38.28% – –
2 Ethereum 20.00% 20.26% 10.00% 16.37% 10.00% 25.472%
3 BNB 20.00% 11.81% 10.00% 9.54% 10.00% 14.848%
4 XRP 20.00% 11.67% 10.00% 9.44% 10.00% 14.682%
5 Solana 20.00% 8.91% 10.00% 7.20% 10.00% 11.199%
6 TRON – – 10.00% 5.76% 10.00% 8.968%
7 Dogecoin – – 10.00% 3.91% 10.00% 6.085%
8 Cardano – – 10.00% 3.10% 10.00% 4.829%
9 Bitcoin Cash – – 10.00% 3.18% 10.00% 4.944%
10 Hyperliquid – – 10.00% 3.22% 10.00% 5.005%
11 Monero – – – – 10.00% 3.968%

As of 31 March 2026

Appendix 4

Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index

Crypto 90-day-average Crypto Market Cap 90-day-average Crypto Volume Index Level Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional
Bitcoin $1,533,407,044,481 $43,779,443,111 16119.86 50.00% 84.53%
Ethereum $291,140,668,312 $23,907,396,435 17402.12 50.00% 15.47%

As of 31 March 2026

Appendix 5

Weightings of the Constituents of ixCrypto Stablecoin Indexes

Crypto 90-day-average- Market Cap 90-day-average-
volume
Cut-off Price Cumulative
Market Coverage
Weighting (%) After 40% Cap
1 USDt $185,014,602,798 $90,009,449,564 $0.9991 7.07% 40.00%
2 USDC $75,247,269,332 $12,399,472,322 $0.9997 9.94% 40.00%
3 Ethena USDe $6,227,533,422 $125,083,188 $0.9991 10.18% 6.02%
4 Dai $5,364,237,297 $153,912,985 $0.9997 10.39% 5.50%
5 World Liberty Financial USD $4,432,479,244 $1,826,951,498 $0.9995 10.56% 4.48%
6 PayPal USD $3,897,616,348 $150,988,466 $0.9996 10.71% 4.00%

As of 31 March 2026

Appendix 6

ixCrypto Indexes Dissemination

Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage and Bloomberg Page IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.

The vendor tickers are shown below:

Index Name Bloomberg Ticker TradingView Ticker Reuters Ticker
Real-time Delayed
ixCrypto Index IXCI IXCI2 IXCI .IXCI
ixBitcoin Index IXCBI IXCBI2 IXBI .IXBI1
ixEthereum Index IXCEI IXCEI2 IXEI .IXEI1

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series and EOD indexes, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes

For data licensing and product, please contact us at licensing@ix-index.com.

For free API use on academic research or trial, please contact enquiry@ix-index.com



Hashtag: #ixCryptoIndex

The issuer is solely responsible for the content of this announcement.

About IX Asia Indexes and IX Asia Index Advisory Committee

IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into over 40 indexes designed for exchange futures products, mark-to-market, and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2022 UKAS certification.

Website:

Advisory Committee:

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged. Wechat: 信昇亞洲指數.

FinanceAsia names SM companies among Asia’s Best Companies for 2026

PASAY CITY, Philippines, April 17, 2026 /PRNewswire/ — Hong Kong-based publication FinanceAsia has recognized four SM companies in its Asia’s Best Companies 2026 poll, reflecting the views of institutional investors and financial analysts across the region after they assessed corporate performance and governance over the past 12 months.

These companies included SM Investments Corporation, the parent company of the SM Group, SM Retail, Inc. SM Prime Holdings, Inc. and BDO Unibank, Inc. which garnered a combined eight awards.

SM Investments received Gold for Best Large Cap Company and Most Committed to ESG, and Silver for Best Managed Company in the Conglomerates category in the Philippines.

“We appreciate the recognition. It reflects our continued focus on delivering consistent results and creating long-term value for our stakeholders through disciplined execution,” said SM Investments President and CEO Frederic C. DyBuncio.

SM Retail was recognized as Best Managed Company in both Retail and Consumer Durables & Apparel.

“This recognition reflects our team’s ability to execute consistently across our retail platforms, anchored on serving Filipino consumers while delivering sustainable long‑term value,” said SM Retail President Jonathan Ng.

SM Prime was recognized as Best Managed Company in Real Estate.

“Earning the trust of the investment community affirms the discipline and consistency of our execution,” said Jeffrey C. Lim, President of SM Prime Holdings, Inc. “We are grateful for this vote of confidence and remain focused on strengthening the business and creating long-term value for our stakeholders.”

BDO was recognized as Best Managed Company in Financials, while BDO President and CEO Nestor V. Tan received Bronze in the Best CEO (Philippines) category.

“These recognitions underscore BDO’s disciplined pursuit of operational excellence, enabled by managers across the organization who consistently lead with accountability and keep our customers’ needs firmly in mind,” said BDO President and CEO Nestor V. Tan.

FinanceAsia is a leading capital markets publication covering Asia’s business, sustainability, technology, and financial landscape.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com

Coventry Ranks #1 in 2025 Life Settlement League Table Report

Coventry leads the secondary market in policy count, face value, and total amount paid to policyowners, reinforcing its position as the industry’s most active and consistent buyer.

FORT WASHINGTON, Pa., April 17, 2026 /PRNewswire/ —  Coventry, the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, today announced that it remains the leading life settlement provider in the secondary market in terms of total policies purchased, total face value, and total amount paid to policyowners among reported providers. These results are reflected in Coventry’s newly released 2025 Life Settlement League Table Report, which compiles market data derived from public records filings and provider disclosures. The Coventry companies have held the top spot for thirteen consecutive years.

Coventry, together with its affiliate Life Equity, purchased more than 1,400 life insurance policies from policyowners in the secondary market alone in 2025, representing approximately $1.6 billion in face value, making it the largest purchaser of life insurance policies in the secondary market. Further, the Coventry companies paid policyowners more than $240 million for their policies in 2025.

“Coventry continues to set the pace for the secondary market for life insurance through scale, certainty of execution, and disciplined capital deployment,” said Reid Buerger, CEO of Coventry. “That leadership is driven by the strength of Coventry’s people, the rigor of its processes, consultative engagement with advisors, and the continued investment in technology that supports consistent execution and better outcomes for policyowners and advisors.”

This approach is supported by Coventry’s vertically integrated model and proprietary data, enabling more precise evaluation, broader purchase criteria, and customized outcomes for policyowners.

Individuals interested in viewing the 2025 Life Settlement League Table Report may visit https://www.coventry.com/2025-League-Table.

About Coventry
Coventry is the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, operating an integrated platform across four complementary verticals: the secondary market for life insurance, longevity lending, life insurance and annuity distribution, and insurance technology. Through these businesses, Coventry expands financial options for policyowners, provides capital solutions backed by life insurance policies and other longevity-linked assets, broadens access to protection and retirement products, and applies technology to enhance pricing, risk management, and operational efficiency across the life insurance ecosystem.

Guided by a longstanding commitment to consumer rights and market integrity, Coventry leverages its leadership position to raise industry standards, expand consumer choice, and responsibly develop institutional-quality life insurance-backed investment solutions. Over its history, Coventry has acquired more than 23,000 life insurance policies, completed more than $50 billion in longevity-linked transactions, delivered more than $6 billion to policyowners, and originated more than $1 billion in life insurance-linked loans. To learn more about Coventry, visit Coventry.com.

As Food Traditions Vanish, World Food Travel Association Launches World Culinary Heritage Day to Help Preserve Endangered Culinary Traditions

New annual observance on April 18 calls on communities and destinations worldwide to recognize the people and practices keeping endangered food traditions alive.

LONDON, April 17, 2026 /PRNewswire/ — With globalization, industrial standardization, and shifting consumer habits placing traditional foodways under mounting pressure, the World Food Travel Association (WFTA) today launched World Culinary Heritage Day — an annual global observance, held each April 18, dedicated to celebrating and safeguarding the food traditions that define communities, identities, and destinations worldwide. The observance evolves from World Food Travel Day, which the WFTA has organized for eight years. The rebrand reflects a broader mission and greater global appeal — shifting the focus from culinary travel to culinary heritage itself — while making the day more immediately understood by communities, media, and policymakers worldwide.

From family recipes and artisanal production methods to regional ingredients and time-honored cooking techniques, culinary heritage is one of the most accessible and meaningful expressions of culture — yet it is disappearing. Based on a comparative review of 29 countries, the WFTA estimates that approximately 13% of traditional culinary practices have disappeared or are at extreme risk — losses that are accelerating. The people who preserve these traditions — farmers, fishers, producers, cooks, and local communities — too often remain invisible.

“Culinary heritage is not simply about what is on the plate — it is about the grandmother whose recipe has been passed down for generations, the farmer cultivating a near-forgotten grain, the fishing community whose techniques predate written history,” said Erik Wolf, Executive Director of the World Food Travel Association. “These traditions are disappearing faster than we can document them. World Culinary Heritage Day is a global call to recognize their value before it is too late.”

Anyone, anywhere can take part — from home cooks and chefs to tourism boards, educators, and cultural organizations:

How to Participate

  • Share a photo or short video of a traditional dish, ingredient, food tradition, or culinary experience
  • Tell the story behind it — its cultural roots, personal meaning, or community significance
  • Recognize the people, makers, or communities who keep the tradition alive
  • Use the official hashtag #CulinaryHeritageDay

One story. One dish. One tradition. Pass it on.

Through storytelling, education, and community action, World Culinary Heritage Day aims to establish culinary heritage as an essential pillar of cultural identity, sustainable tourism, and local economic resilience — and to inspire the next generation to protect the traditions that make each place irreplaceable.

World Culinary Heritage Day is the flagship initiative of the Taste of Place movement. Join the movement at JoinTasteofPlace.org.

Media Contact
Erik Wolf, Executive Director
World Food Travel Association
help@worldfoodtravel.org
WorldFoodTravel.org

About the World Food Travel Association

Founded in 2001, the World Food Travel Association (WFTA) is the world’s leading authority on food and beverage tourism, serving professionals, destinations, and businesses across more than 100 countries. Through its Taste of Place movement, the WFTA works to protect and promote the culinary traditions that define communities worldwide. WorldFoodTravel.org

How IBM Quantum is Enabling Healthcare and Biology Research

In the first ever Q4Bio Challenge, research teams sought to demonstrate scalable quantum algorithms for healthcare, with Algorithmiq’s work alongside Cleveland Clinic and IBM earning $2 million Q4Bio prize.

  • Q4Bio aims to accelerate development of quantum algorithms for healthcare that can run on quantum computers expected within three to five years.
  • Teams were required to run large‑scale demonstrations on real quantum hardware.
  • Five out of the six finalists used IBM quantum hardware for their research.
  • Quantum computing has potential as a practical tool for healthcare, with hybrid quantum‑classical approaches paving the way toward real-world applications.

YORKTOWN HEIGHTS, N.Y., April 17, 2026 /PRNewswire/ — Quantum computing is at an inflection point. In recent years, quantum computers have shown the ability to run quantum programs at a scale beyond exact classical simulation. They’re becoming useful tools for solving real-world problems, with provable quantum advantage close on the horizon. Community-led initiatives that provide funding and prizes for high-quality research can offer an early look at how quantum computing will impact fields like healthcare and the life sciences.

IBM Corporation logo.
IBM Corporation logo.

That’s one reason the non-profit Wellcome Leap established the Quantum for Bio (Q4Bio) Supported Challenge Program. Q4Bio aims to identify, develop, and demonstrate quantum algorithms for human health applications that have the potential to run on near-term quantum computers expected to arrive in the next three to five years. The program launched in 2023 with twelve research teams from around the world receiving access to a combined $40 million in funding. By March 2026, that group had narrowed to six Phase III finalists. Now, the winners have been announced.

Wellcome Leap funds high-risk, high-reward global health research, with the aim of facilitating medical breakthroughs on time scales of 5-10 years rather than over the course of decades. That ambition is evident in the Q4Bio challenge requirements: To be eligible for a $2 million Phase III award, participating teams needed to demonstrate algorithms using more than 50 qubits and circuit depths on the order 1,000 to 10,000 gates—while also showing a clear path to scaling. More details here.

In practice, meeting those requirements meant working directly with today’s most capable quantum hardware. That’s why five of the six Phase III finalist teams used IBM (NYSE: IBM) quantum computers to generate their results, underscoring the role of “utility-scale” quantum computers with 100+ qubits in tackling demanding problems at the intersection of quantum information science and real-world use cases.

Below, we highlight the work carried out by Q4Bio’s Phase III finalists on IBM quantum hardware. Their projects offer an exciting glimpse at how quantum computing is beginning to support meaningful research in healthcare and the life sciences.

Biology at scale on IBM quantum computers

The results from these multidisciplinary, multi‑organizational teams span drug discovery, genomics, biomarkers, and fundamental biochemistry. In each area, researchers found a healthcare problem they could execute at significant scale on quantum computers today, with real potential to scale even further in the future.

Agorithmiq, Cleveland Clinic, and IBM

The winning project—led by quantum startup Algorithmiq in collaboration with Cleveland Clinic and IBM—used quantum computing to simulate key processes in photodynamic therapy (PDT), a cancer treatment based on light-activated drugs.

Algorithmiq developed an end-to-end hybrid quantum–classical framework in which novel methods for active space selection, state preparation, measurement, and post-processing enabled large-scale molecular electronic structure simulations on IBM’s quantum hardware. By executing circuits for ground- and excited-state experiments on up to 100 qubits, the teams demonstrated a scalable path toward quantum advantage in drug discovery and development. 

Sabrina Maniscalco, CEO and co-founder of Algorithmiq, said the results highlight how Algorithmiq’s approach to tightly integrated quantum-classical algorithms could play a key role in unlocking real-world quantum advantage.

“This work provides one of the clearest indications to date that quantum computing can begin to impact real, chemically relevant problems, rather than simplified benchmarks,” she said. “IBM’s quantum systems enabled execution of circuits at scales approaching 100 qubits and supported the continuous, end-to-end validation loop required to identify real bottlenecks and ensure robustness of the approach.”

Dr. Vijay Krishna, associate staff in biomedical engineering at Cleveland Clinic, added that “Q4Bio showed that when teams with complementary expertise work toward a common goal, they can make meaningful progress on problems that no single discipline can solve alone.”

The Quantum Pangenomics project

Meanwhile, the University of Oxford and Sanger Institute’s Quantum Pangenomics project focused on converting genome problems to quadratic unconstrained binary optimization (QUBO) formulations. Recent research has highlighted the potential of quantum optimization methods based on QUBO to help solve challenging real-world problems and deliver near-term quantum advantage.

As part of their efforts, the team used an IBM Quantum Heron r2 to encode the Hepatitis-D genome. In their workflow, classical systems handle problem formulation, iteration, and analysis, and quantum hardware is invoked for the most computationally challenging subproblems.

“Encoding a whole genome onto a quantum computer is a world first and represents at least one order of magnitude improvement over any other efforts to represent DNA on quantum machines,” said James McCafferty, Chief Information Officer at the Wellcome Sanger Institute. “And full credit goes to IBM in helping us achieve this.”

“This is not a toy demonstration, it involves biologically significant sequences, represented on quantum hardware using data partitioning techniques and tailored depth-reduction we developed specifically for genomic data,” said Sergii Strelchuk, associate professor of Computer Science at Oxford University. “The fact that the encoded information can be retrieved through our index-reported verification method sends a clear signal: quantum data encoding for genomics is no longer aspirational, it is ready to scale.”

Infleqtion

Infleqtion, a Chicago-based quantum startup, used an IBM Quantum Heron r2 as part of the project they led with the University of Chicago and MIT on quantum-enhanced biomarker discovery from multimodal cancer data, using hybrid quantum-classical optimization algorithms. Their work involved GPUs and QPUs working together, an exciting emerging avenue for hybrid workflows.

Fred Chong, Professor at University of Chicago and Chief Scientist for Quantum Software at Infleqtion, says Heron QPUs were the only available hardware that could meet the Wellcome Leap criteria of demonstrating quantum algorithms with greater than 50 quantum bits and a program length of greater than 1,000 quantum gates. Access to that hardware allowed his team to demonstrate a convincing proof-of-concept that a hybrid quantum-classical approach could improve a purely classical approach to identifying biomarkers.

“Our work has already identified novel cancer biomarkers for clinical evaluation, and future quantum machines will allow us to discover even more promising biomarkers that we hope will improve treatment outcomes,” Chong said.

Stanford, Michigan State University, and other collaborators

A team comprising researchers from many scientific institutions used VQE and an IBM Quantum Heron r2 processor to study ATP and GTP hydrolysis in proteins. These are fundamental biochemical reactions that power most cellular processes.

By demonstrating quantum algorithms for modeling metaphosphate hydrolysis and rigorously analyzing their resource costs, the team showed how near‑term quantum computers could act as accelerators in computational workflows for biology. They also explored potential workflows for fault-tolerant quantum computers.

“Although classical methods for biochemistry have a decades long headstart, quantum methods are really starting to become competitive,” said Ryan LaRose, a researcher on the team and professor at Michigan State University. “For our project, IBM hardware provided the number of qubits, gate fidelity, and sampling rate needed to make our experiments viable.”

University of Nottingham, Phasecraft, and QuEra

Another finalist team, led by Jonathan D. Hirst at the University of Nottingham, explored quantum-enhanced strategies for covalent inhibitor design in collaboration with Phasecraft and QuEra. Covalent inhibitors are a cornerstone of modern therapeutics—particularly in oncology and antiviral treatments—owing to their ability to form strong, durable bonds with target proteins.

The team applied quantum algorithms to generate high-fidelity molecular data, which they then used to augment classical Density Functional Theory (DFT) calculations—computer simulations estimating molecular behavior by modeling electron density. This enabled more accurate simulations of covalent binding processes.

The researchers deployed this hybrid quantum–classical workflow within a drug discovery program focused on the disorder Myotonic dystrophy type 1 (DM1), highlighting the potential of quantum-enhanced methods to tackle complex, currently untreatable diseases.

As part of their study, the team utilized IBM Quantum hardware, including an IBM Quantum Nighthawk processor with 120 qubits—part of a broader effort to evaluate the capabilities of near-term quantum systems for chemically relevant modeling.

Quantum-centric supercomputing for biology and human health

Viewed as a whole, these results underscore just how quickly quantum computing is maturing as a tool for biological research. According to Ashley Montanaro, Co-founder of Phasecraft and Professor of Quantum Computation at University of Bristol, the rapid advancement of IBM quantum hardware and software played a crucial role in enabling the rapid experimental cycles required for their work.

“When the Wellcome Leap Q4Bio challenge began three years ago, it was far from obvious that any of this would work. The fact that we now have encouraging results on a real drug discovery target is a significant milestone,” he said. “The pace of progress in quantum hardware and software throughout this project has been notable as we continuously incorporated new capabilities and explored cutting-edge advancements month by month.”

The impressive results from Q4Bio’s Phase III finalists reflect progress toward IBM’s vision of quantum‑centric supercomputing (QCSC). Hybrid quantum–classical workflows integrate HPC, GPUs, and QPUs. Access to utility‑scale quantum processors and cloud‑based platforms enable global teams to collaborate, iterate quickly, and move toward scalable, end‑to‑end biological workflows.

Together, these results point to a broader transition: quantum computing in biology as elsewhere is shifting from a speculative experiment to a phase of measurable, application‑driven progress, with growing potential to become part of the life‑sciences computational stack.

“It’s encouraging to see so many research teams implementing QCSC workflows, where classical and quantum resources work together to achieve what neither can alone,” said Jay Gambetta, director of IBM Research.

About IBM 

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to effect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

Media contacts:

Brittany Forgione
IBM
Brittany.Forgione@ibm.com

Chris Nay
IBM
cnay@us.ibm.com

DOJ Drops All Charges Against Vasudha

The company welcomes dismissal of the case after maintaining its innocence for more than a year

HYDERABAD, India, April 17, 2026 /PRNewswire/ — Vasudha Pharma Chem Limited (“Vasudha” or the “Company”), a leading pharmaceutical bulk drug and intermediate manufacturing company, announced today that on March 26, 2026, it entered into a Non-Prosecution Agreement (the “Agreement”) with the U.S. Department of Justice (“DOJ”). All charges previously brought against Vasudha were dismissed, the Company was not found guilty of any crime, and there are no longer any outstanding criminal or civil charges against the Company. Vasudha has maintained its innocence from the beginning.

“All of us at Vasudha welcome the resolution of this matter,” said M Ashok Srinivas Raju, Executive Director. “We are a family of dedicated chemists, chemical engineers, and scientists, and every employee at this company is committed to the responsible and ethical creation of critical pharmaceutical products that help medical patients around the world.”

Anand Mantena, Executive Director, added, “We are very pleased that all charges have been dropped against the company, and that this issue is now resolved. We are back to business as usual and look forward to continuing to serve our customers with the highest degree of care.”

The DOJ recognized that the Company has no prior criminal history or history of regulatory actions against it and credited Vasudha for its cooperation with the investigation. Vasudha, for its part, has already enhanced its compliance program and internal controls, and has committed to making future enhancements.

“We are pleased that the DOJ agreed to dismiss all charges against Vasudha,” said Glen McGorty, former federal prosecutor in the Southern District of New York and Managing Partner of leading international law firm Crowell & Moring’s New York City office. “Vasudha has acted with dignity and total transparency with the DOJ, and we are proud to have represented them and to have achieved such a positive result.”

Vasudha Pharma Chem Limited

Vasudha is a well-established, community-oriented, family-owned company that has operated in the pharmaceutical industry with a clean record for over thirty years. The Company proudly serves customers in over 90 countries including multinational corporations and pharmaceutical companies in the United States, Europe, and LATAM. Vasudha’s facilities are accredited by the U.S. Food and Drug Administration and equivalent agencies in Europe, Japan, and Brazil, and the Company maintains a strong, cooperative relationship with the Central Bureau of Narcotics in India.

The company employs more than 4,000 employees and contractors and has been identified among the top 5% of Indian companies by the Ministry of Corporate Affairs, Government of India for its “excess” Corporate Social Responsibility expenditures (spending more than required on social responsibility measures). Along with its long-recognized dedication to its employees and work culture, Vasudha is a profoundly charitable company, which has pledged 30% of its wealth to philanthropic activities through the founding family’s charitable foundation, VRVV Family Vasudha Foundation.

DXC Expands Consulting & Engineering Services Leadership to Scale AI-led Growth

ASHBURN, Va., April 17, 2026 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced leadership appointments and organizational updates within its Consulting & Engineering Services (CES) business, strengthening its ability to help global enterprises move from AI ambition to execution. The updates bring together integrated advisory and partner-led execution, supported by a stronger AI ecosystem and a track record of delivering at scale.

DXC Expands Consulting & Engineering Services Leadership to Scale AI-led Growth
DXC Expands Consulting & Engineering Services Leadership to Scale AI-led Growth

As organizations move beyond pilots toward production at scale, demand is growing deeper for advisory and partner expertise, yet many still struggle to turn ambition into enterprise-wide results. In response, DXC is strengthening CES by bringing together proven leaders and advancing its ecosystem to drive co-innovation and partner-led growth, enabling customers to move faster from strategy to impact across complex, multivendor environments and key industries including automotive and manufacturing, banking, insurance, public sector, and airlines.

 “CES is evolving to meet the moment, as we see accelerating demand for advisory-led transformation and deeper collaboration across our strategic partner ecosystem,” said Ramnath Venkataraman, President, Consulting & Engineering Services, DXC Technology. “We’re bringing together proven leaders with a track record of delivering at scale, strengthening our ability to help customers take on more complex transformation programs and deliver outcomes that drive growth.”

To advance this strategic direction, DXC is strengthening its capabilities across advisory and partnerships, with new leadership focused on accelerating impact across key areas:

  • Dan Albright has joined DXC to lead AdvisoryX, its consulting and advisory group focused on helping enterprises translate AI ambition into execution. AdvisoryX combines strategic advisory with engineering delivery to help customers operationalize AI, modernize core systems, and drive measurable business outcomes. Albright brings more than 25 years of consulting leadership experience, most recently serving as Divisional President and Global Head of Consulting at NTT DATA Services.
  • Srinivas Sai Nidadhavolu has been appointed to lead Enterprise Applications globally. In this role, he will drive go-to-market strategy and strengthen ecosystem partnerships to support customer-focused growth. He brings nearly three decades of experience leading global enterprise transformation programs, most recently serving as global lead for SAP at Wipro.
  • To accelerate its AI ecosystem, Stan Clark will serve as NextGen AI Partnerships & Growth Leader. Clark brings more than two decades of experience building and scaling enterprise partnership ecosystems from the ground up across global systems integrators, hyperscalers, and ISVs. In this role, he will architect DXC’s next-generation AI partner model, driving co-innovation, joint go-to-market execution, and partner-sourced growth across DXC’s strategic AI landscape. Most recently, Clark served as President of Ecosystems and Markets at Cosmo Tech, where he built the company’s global partner ecosystem and led strategic engagements with leading GSIs and enterprise clients.

Together, these leaders, reporting to Ramnath Venkataraman, strengthen DXC’s ability to advance its AI ecosystem by aligning advisory and strategic partner capabilities, helping customers move faster from strategy to execution and realize impact sooner. This approach will enable DXC to scale repeatable, partner-led AI capabilities across industries and support larger, more complex transformation programs.

About DXC Technology 

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world’s most complex technology estates. Learn more on dxc.com.

MEDIA CONTACT: Ashley Houk-Temple, Media Relations, ashley.houktemple@dxc.com