One of Avid's philosophies is that "No Editor should be an Island." In other words, a well rounded editor works with a multitude of programs- which includes Premiere Pro. New Avid Tools are built to work perfectly in a workflow with Adobe Premiere Pro.
Adobe Premiere Pro has seen a fair amount of updates in the past few years, but some of the most significant updates are concerning the improved, accelerated encoding within the NLE. With NVIDIA encoder acceleration, this process is better than ever before.
ProRes RAW has been in the news quite a bit recently, with more and more cameras, monitors and NLE introducing support for the format. The latest to join this group is Adobe, by introducing updates to Creative Cloud Applications such as Premiere Pro.