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More than 4,800 startups that applied for federal PPP loans in the coronavirus-led shutdown had raised venture funding in the last 2 years

According to new data from CB Insights, 2,267 investor-backed startups that applied for federal assistance through the Paycheck Protection Program had raised outside funding in 2019. That was the largest single group of applicants. Three of the top five investors whose portfolio companies applied for loans were startup accelerators, which could indicate that many applicants were early-stage companies. The investor-backed companies that had applied for or received investor funding in 2018, 2019...
Tags: New York, Texas, California, Trends, Healthcare, Treasury, Silicon Valley, PPP, Cb Insights, PitchBook, Keith Rabois, Dorfman, Brex, Paycheck Protection Program, Erica Dorfman, US Treasury Three of the top

How Trump could help schools reopen in the fall

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "For the official audio record of that day to now turn up missing has every appearance of a coverup." — Rep. Raúl M. Grijalva, who's leading the investigation into the June 1 assault on peaceful protestors in Lafayette Square, upon learning that the US Park Police did not record their audio transmissions during the raid. WHAT'S HAPPENING Supreme Court allows employers to opt out of contra...
Tags: Florida, New York, Texas, London, Cdc, Washington, Kentucky, Oregon, White House, Virginia, New York City, US, Trends, Ukraine, Mit, Harvard

From warehouses to office space, real-estate markets have been turned upside down. These are the winners and losers.

Offices, hotels, and malls were emptied by the coronavirus. While some are reopening, the disruption has created a new normal.  Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice as financing dries up.  A surge in e-commerce, meanwhile, is fueling demand for warehouse space from companies like Amazon.  For more stories like this, sign up here for our Wall Street Insider newsletter. The coronavirus threw the real-estate world into disarray, as pe...
Tags: Amazon, Facebook, UK, New York, Texas, North Korea, Softbank, New York City, US, Trends, Atlanta, Brooklyn, Washington Dc, Peter Thiel, Manhattan, Brookfield

The CEO of an Alphabet-backed fintech pitching itself as your 'smart friend' to text for financial advice explains its pay-what-you-like fee structure

Albert, a personal-finance app that allows users to text questions to a team of human financial experts, is trying to stand out in a competitive, crowded field of consumer finance-focused startups.  Albert's business model is subscription-based, a rarity among upstart personal finance apps, and offers an unusual fee structure: pay what you'd like, between $4 and $14 per month.  The fintech, which was founded in 2015 and launched the following year, last raised a $50 million Series B round that...
Tags: Google, New York, Los Angeles, Trends, Netflix, Baltimore, Robinhood, Warburg Pincus, Albert, Culver City California, Charles Schwab, FINRA, Amazon Other, Albert Now, Ravid, CapitalG Google

VCs just poured $5.4 billion into startups forging the future of healthcare. Here are the 11 top digital health startups that took home the most cash.

Digital health companies raised $5.4 billion in the first half of 2020, a new record, per Rock Health. The total was driven by 11 deals valued at $100 million or more. The sector is on track to have its best funding year ever, as investors bet on coronavirus-related demand for online doctors appointments and drug delivery. Visit Business Insider's homepage for more stories. The year is halfway over, and digital health startups are on a roll.  The sector is on track to have its best funding ye...
Tags: Amazon, New York, California, Softbank, Digital, US, Trends, Walgreens, Healthcare, Medicare, Fda, Andreessen Horowitz, Abu Dhabi, Donald Trump, Delaware, Stanford University

Brooks Brothers bankrupt

Brooks Brothers is the latest casualty of the Covid pandemic, filing for bankruptcy protection in New York today. The upscale clothiers, one of the last to make garments in the U.S., has been in business for 200 years. The closely held company, which is owned by Italian businessman Claudio Del Vecchio, filed for bankruptcy protection in Wilmington, Del., on Wednesday. One of the few brands to make clothes domestically, it warned in June that it could close its three U.S. factories. It operates r...
Tags: Post, Business, New York, News, Macys, North America, Wilmington Del, Brooks Brothers, Rona, Claudio Del Vecchio

Here's the pitch deck used to raise a $4.4 million seed round for an AI chatbot looking to change how people find apartments

RealFriend, launched in 2018, is a startup that created a chatbot to simplify the apartment-hunting process. RealFriend first went live in Tel Aviv. After a year-long beta test, it is now officially launching in New York. RealFriend's cofounders shared the pitch deck that helped them raise a $4.4 million seed round earlier this year with Business Insider. Visit Business Insider's homepage for more stories. In the hottest markets, finding the right apartment can feel like a full-time job, wadi...
Tags: New York, US, Tel Aviv, Trends, Zillow, Cto, Axel Springer, Business Insider, Landau, Luke, IDF, SVP, Klinger, Hadar, Silicon Valley Startup, Mellanox Technologies

PPP Loan Application Deadline Extended to August 8

If you didn’t complete an application for a Paycheck Protection Program (PPP) loan before the previous deadline, you’re in luck. On July 4, President Donald Trump extended the deadline for PPP loan applications for more than another month. The new deadline for PPP loan applications is August 8. PPP Loan Deadline Extended to August 8 The previous deadline of June 30 came and went but there was still more than $130 billion available to businesses in the US. The PPP loan was created in the wake ...
Tags: New York, Texas, California, US, Sales, Donald Trump, Los Angeles Lakers, PPP, SBA, Treasury Dept, Small Business News, US Small Business Administration, Paycheck Protection Program PPP, NAICS, PPP Loan Application Deadline Extended, PPP Loan Deadline Extended

Knotel is facing claims of $230,000 in unpaid rent and construction bills at one Atlanta location, adding to a growing list of legal woes for the flex-space firm

A tenant in Atlanta that subleased space at the Salesforce Tower to Knotel late last year is suing the firm for over $150,000 in unpaid rent. The tenant also wants to boot the flexible workspace provider from the nearly 25,000 square foot space. A construction contractor, meanwhile, has placed a lien against the building for almost $80,000 it says it is owed by Knotel for work on the space. The debts are the latest to pile on the company, which is said to owe brokerage firms unpaid commissions...
Tags: New York, San Francisco, Trends, Atlanta, Georgia, Signal, Business Insider, Goldberg, Rubicon, Salesforce Tower, Jonathan Goldberg, Knotel, Daniel Geiger, Knotel A company, Buckhead Heights, June Knotel

Protective gear for medical workers begins to run low again

By GEOFF MULVIHILL and CAMILLE FASSETT The personal protective gear that was in dangerously short supply during the early weeks of the coronavirus crisis in the U.S. is running low again as the virus resumes its rapid spread and the number of hospitalized patients climbs. A national nursing union is concerned that gear has to be reused. A doctors association warns that physicians’ offices are closed because they cannot get masks and other supplies. And Democratic members of Congress are pushing ...
Tags: Health, Business, New York, Texas, News, Congress, Australia, Montana, Washington, White House, Massachusetts, New York City, Uncategorized, Sport, Ap, Chicago

NY-based autonomous reusable rocket startup lands Air Force contract

New York-based startup iRocket has landed a contract award from the U.S. Air Force to develop and build its fully autonomous small payload rockets, which the company says will be able to launch and propulsively land both its first and second stages, with the potential of launching small payloads on demand in as little as 24 hours. iRocket is one of a few different companies looking to provide quick turnaround, rapid-response launch capabilities to serve a growing need among defense customers, pa...
Tags: Startups, TC, Space, New York, Tech, Department Of Defense, Flight, United States, Air Force, Spaceflight, Aerospace, U S Defense, Outer Space, U.S. Air Force, Spaceport Oklahoma, Kennedyy Space Cetner

Digital media giant J2 Global ‘targeted’ by notorious New York short sellers

J2 Global, parent company of popular tech sites PCMag and Mashable, is now the subject of multiple legal investigations following a tit-for-tat exchange with crew of short sellers that temporarily crashed its stock price. On June 30, short selling outfit Hindenburg Research published a report that alleged J2’s “opaque approach” to acquiring companies “opened the door to egregious insider self-enrichment.” The New York-based Hindenburg calculated J2 has acquired 186 businesses in its 25-year hist...
Tags: Startups, New York, Hindenburg, Hard Fork, Hindenburg Research

Manhattan Apartments See Record Loss in Sales

Source: StatistaCoronavirus cases have dropped considerably in New York City, and the city and state are slowly reopening while other states are seeing rising case numbers. Industries in New York, however, are continuing to suffer from the last four months of restrictions, and the real estate market for Manhattan is seeing one of its worst months on record. According to a new report from Miller Samuel and Douglas Elliman, sales of new apartments in Manhattan during the second quarter of 2020 ...
Tags: Real Estate, New York, New York City, Infographic, Radio, Manhattan, New Yorkers, Statista, Douglas Elliman, Industries, General Interest, Miller Samuel

Troubled facial recognition startup Clearview AI pulls out of Canada ⁠— before it was pushed

Dystopian surveillance firm Clearview AI has stopped offering its facial recognition service in Canada, in response to a probe by data protection authorities. “The investigation of Clearview by privacy protection authorities for Canada, Alberta, British Columbia, and Quebec remains open,” the Office of the Privacy Commissioner of Canada said in a statement. The probe was opened in February, following reports that Clearview was collecting personal information without consent. The authorities stil...
Tags: Startups, New York, Privacy, Artificial Intelligence, Canada, Quebec, ClearView, Office of the Privacy Commissioner of Canada, Neural, Clearview AI, Canada Alberta British Columbia

The big winner of Uber's $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that's enjoying a streak of hits in a gloomy 2020.

Spark Capital was one of the big winners when Uber announced its acquisition of restaurant service Postmates for $2.6 billion on Monday. The venture capital firm has invested in other major hitters in the startup world, including Slack, Plaid, and Mirror, the fitness tech startup that was sold to Lululemon for $500 million. It's unclear how big Spark's return on Postmates will be. The fund raised $1.35 billion earlier this year in order to fund other early and growth-stage startups. Visit Busi...
Tags: Uber, New York, Boston, Trends, Airbnb, Devops, Warby Parker, Postmates, Spark Capital, Hyatt, Lululemon, Sonder, SignalFire, Todd Dagres, Twitter Tumblr, Nylas

‘Million Dollar Listing Los Angeles’ star James Harris on shifting with COVID-19

  Season 12 of Bravo’s “Million Dollar Listing Los Angeles” returning agents include, from left, David Parnes, Josh Altman, Tracy Tutor, Josh Flagg and James Harris. (Courtesy of Bravo Media) James Harris, left, with Josh Flagg and Josh Altman in a scene from Season 12 of Bravo’s “Million Dollar Listing Los Angeles.” (Courtesy of Bravo Media) Sound The gallery will resume in seconds Bravo’s “Million Dollar Listing Los Angeles” star James Harris, who is also an agent with The ...
Tags: Business, TV, New York, Housing, Los Angeles, Sport, Dave, Things To Do, Soccer, Bravo, Beverly Hills, Pasadena, Local News, Facetime, HARRIS, James Harris

Don't arrest anti-maskers. There's a better way to handle them.

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "Everybody in there was African-American." — Teresa Bradley describing to The New York Times the emergency room in Grand Rapids, MI, where she was treated for coronavirus. The Times examined 1.5 million coronavirus records to reveal the huge racial disparities in who's being harmed by the virus. WHAT'S HAPPENING COVID hot spots are everywhere, but especially in the US. Miami-Dade County cl...
Tags: Florida, New York, Texas, Supreme Court, Scotus, Australia, Navy, Washington, US, San Francisco, Trends, Nike, Fbi, Gop, New York Times, Jp Morgan

HALL FINAL DEADLINE: Bronstein, Gewirtz & Grossman, LLC Reminds Hallmark Financial Services, Inc. Shareholders of Class Action and Lead Plaintiff Deadline: July 6, 2020

NEW YORK, NY / ACCESSWIRE / July 6, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Hallmark Financial Services, Inc. ("Hallmark" ...
Tags: Business, New York, News, LLC, Bronstein Gewirtz, Bronstein Gewirtz Grossman, Hallmark Financial Services Inc

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of HALL, LOPE and MYL

NEW YORK, NY / ACCESSWIRE / July 6, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly-traded companies. Shareholders ...
Tags: Business, New York, News

CTMX Investor Update: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against CytomX Therapeutics, Inc. and Lead Plaintiff Deadline: July 20, 2020

NEW YORK, NY / ACCESSWIRE / July 6, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against CytomX Therapeutics, Inc. ("CytomX" or "the ...
Tags: Business, New York, News, LLC, CytomX Therapeutics Inc, Bronstein Gewirtz, Bronstein Gewirtz Grossman

R Investor Update: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Ryder System, Inc. and Lead Plaintiff Deadline: July 20, 2020

NEW YORK, NY / ACCESSWIRE / July 6, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Ryder System, Inc. ("Ryder" or "the Company") (NYSE:R) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ryder securities between July 23, 2015 and February 13, 2020, inclusive (the ''Class Period''). This class action seeks to recover damages against Defendants for alleged violations of th...
Tags: Business, New York, News, LLC, Ryder System Inc, Ryder, Bronstein Gewirtz, Bronstein Gewirtz Grossman

Private-equity firms' cybersecurity defense has lagged. Here's what makes them attractive targets — and what they can do to protect themselves, according to experts.

Cyberattacks have been on the rise in 2020 due to the pandemic, with financial services being an industry targeted the most. Private equity, in particular, has been viewed as a viable new opportunity for cybercriminals.  PE shops deep pockets and willingness to wire large sums of money make them a prime target for bad actors.  While bigger PE firms have the resources to dedicate to cybersecurity, the process at small to mid-size shops remains a work in progress. Visit Business Insider's homepa...
Tags: New York, Trends, Fbi, Nba, Chico, Warren Buffett, PIP, Reed Smith, Silver Lake, New York Mets, Eastern US, Carlyle, Purdue, PII, FTV Capital, FTV

Black Women Entrepreneurs Are Making Major Boss Moves, Including Going Global

All women entrepreneurs are making great progress expanding their businesses internationally, especially black women. Claudine Moore is one such entrepreneur who has successfully led New York-based C Moore Media (CMM), an international strategic communications firm, since 2010, by providing specialized services for global clients. Claudine says, “when I got laid off during the economic downturn in 2009, I left Hill & Knowlton Strategies with a couple of clients. That consulting evolved into CMM,...
Tags: UK, New York, Featured, Sales, West Africa, Claudine, CMM, Global Women Entrepreneurs, Black Women Entrepreneurs, Going Global, Wegg® Blog, Women Entrepreneurs Grow Global blog, Boss Moves, Claudine Moore, C Moore Media CMM

Inside the lavish lives of the billionaire family behind Boohoo, the fast-fashion giant called out in an investigation into workers being paid just $4 an hour at suppliers' factories

Boohoo is the UK's fast-growing fast-fashion retailer that was set up in 2006 by Mahmud Kamani and his business partner Carol Kane and is now valued at more than $4.3 billion.  The company has come under intense scrutiny this month after a Sunday Times investigation found that a factory supplying its clothes was paying workers as little £3.50 ($4.37) an hour and flouting COVID-19 social distancing rules. The company said it is investigating the report and described the conditions as "totally ...
Tags: UK, New York, Instagram, America, Trends, Manchester, The Times, The Guardian, Whistler, Sunday Times, Primark, Reuters, Boohoo, Adam, Aisha, Samir

Bristol Myers Pays Dragonfly $55M to Bring NK Cells to Neuro Diseases

Bristol Myers Squibb likes what it sees from the immune cell research of Dragonfly Therapeutics so far—enough to pay $55 million to add multiple sclerosis and neuroinflammation to their ongoing partnership.The alliance came to New York-based Bristol (NYSE: BMY) via its acquisition of Celgene last year. The original 2017 deal covered the development of up to four blood cancer drugs. The partnership expanded the following year to cover four more drug targets. As of last November, Celgene had opte...
Tags: Deals, Startups, New York, Boston, Cancer, Trends, Merck, Multiple Sclerosis, Infectious Disease, Immunotherapy, Abbvie, Biotech, Life Sciences, Autoimmune Diseases, Celgene, Waltham

How Hemingway felt about fatherhood

Ernest Hemingway was affectionately called “Papa," but what kind of dad was he? In my role as Associate Editor of the Hemingway Letters Project, I spend my time investigating the approximately 6,000 letters sent by Hemingway, 85% of which are now being published for the first time in a multivolume series. The latest volume – the fifth – spans his letters from January 1932 through May 1934 and gives us an intimate look into Hemingway's daily life, not only as a writer and a sportsman, but also a...
Tags: Art, Parenthood, Family, New York, Children, Writing, France, Pennsylvania, Paris, Innovation, Literature, John, NICK, Hemingway, Key West, Gregory

Not yet independence, freedom or justice for all in America on this July 4th

Often, too often, we use independence and freedom interchangeably. Even dictionaries and thesauruses say the words each mean to some degree the power or right to act, speak, or think as one wants without hindrance or restraint (freedom) or the state of being free from the control or power of another (independence). On this July 4, 2020, we are reevaluating what those definitions mean to us, our families, friends and neighbors, to people we don't know personally and to the United States as a who...
Tags: Europe, Politics, Usa, England, New York, Taxes, Justice, Maryland, Massachusetts, Africa, Freedom, America, Independence, United States, Current Affairs, Equality

The UK just paid $500M to battle Musk in the internet-from-space race — cos Brexit

A new challenger has appeared in the internet-from-space race: the UK government, which CNBC reports has committed $500 million to reviving bankrupt satellite startup OneWeb. The UK government won a 20% stake in OneWeb during an auction in New York on Friday, pending court approval. The bid, reportedly made through a consortium, was worth more than $1 billion in total. [Read: A look inside Europe’s $7 trillion technology market] The move sets the UK government squarely against billionaires Elon ...
Tags: Startups, Europe, Elon Musk, UK, New York, Jeff Bezos, Cnbc, Musk, StarLink, Hard Fork

This $100 million startup born out of Alphabet's secretive X lab and backed by Comcast wants to dig a hole in your yard that could save you more than $2,000 a year on energy bills

Geothermal energy can save homeowners money on their utility bills, but historically it's been really expensive to install.  Dandelion Energy, a startup that spun out of Alphabet's secretive research lab X, has set out to make the clean energy source cheaper, tapping into the enormous HVAC market.  The company has raised $35 million from investors including GV, formerly known as Google Ventures, and Comcast.  Dandelion's cofounder, Kathy Hannun, is one of Business Insider's 2020 rising stars o...
Tags: Google, New York, Navy, Stanford, US, Trends, Earth, Comcast, Google Ventures, Comcast Ventures, HVAC, Dandelion, Kathy Hannun, Moonshot Factory, Hannun, Dandelion Energy

Preparing For Med School: 5 Things High School Students Can Do Right Now

Medical school is highly competitive, so if you know that you want to pursue a career in medicine, beginning to prepare in high school will put you at an advantage over the rest of your peers. Early preparation can consist of focusing your high school education in the sciences, while also working or volunteering part-time among medical professionals. Tutoring and test prep can also help prepare high school students for pursuing med school by raising test scores. Considering these different opti...
Tags: Startups, New York, Education, Ap, High School, Career Advice, Others, American Heart Association, AHA, Med School

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