As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Last week, we continued our ‘new normal’ series about how local communities are adapting to COVID-19: Read about suburban Wake County and RTP. We also launched a new series of stories on how local African American tech leaders are demanding change in the wake of George Floyd’s death: The series interviews Donald Thompson, William Spruill, Margaret Brunson, Angela Connor and Tim Humphrey.
In other news: California biotech firm GRAIL will invest $103 million to build a lab in Durham, adding 400 jobs; nearly 1 million people have applied for unemployment benefits in NC; Amazon is bringing a retail store to Crabtree Valley Mall in Raleigh; two Triangle startups, CourtRoom5 and MuukLabs, landed coveted spots in the Techstars Kansas City Accelerator.
Several NC startups raised cash last week, including Durham-based VADE ($428,000), Raleigh-based Global Data Consortium ($3.5 million), Durham-based Renovion ($3.1 million), Raleigh-based Equity Shift ($750,000), Raleigh-based Agile Sciences ($1 million), Charlotte-based Atom Power ($17.8 million, including backing from ABB Technology Ventures), Cary-based Kronoverse (undisclosed amount) and Cary-based Atmospheric Plasma Solutions ($3.5 million).
- Check out TechWire’s comprehensive resource package for Triangle startups.
As part of TechWire’s new “Startup Monday” segment, we recently launched column that summarizes local startup news coverage over the past week. Read last week’s edition here.
And, in national news: Facebook employees voiced opposition to Mark Zuckerberg’s decision to leave up posts by President Donald Trump; a national survey found that 70 million Americans plan to look for more pandemic-proof jobs; here’s how major tech execs responded to George Floyd’s death; the Congressional Budget Office said it could take 10 years for the U.S. to recover from COVID-19 economic fallout; the S&P hit a record 50-day rally; 42.6 million people have filed for unemployment across the U.S.; the U.S. unemployment rate fell to 13.3% in May, sending stocks soaring.
Keeping with our Monday tradition, here’s a look back at 79 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY | June 1 Headlines:
- Blackstone appoints ex-FDA commissioner as senior advisor
- Durham-based pharma firm Renovion adds $3.1M to its coffers
- Here’s why many small businesses are missing out on COVID-19 disaster loans
- Here’s your guide to 100+ meetups (mostly meeting virtually) across Triangle
- NC event headliners: 78 events for your June calendar
- On the horizon: Previewing 59 events across NC in July
- Pandemic means challenges, opportunities for RTP’s entrepreneurial ecosystem
- Parking startup VADE, founded by local college students, raises roughly $428,000 in equity
- Podcasts featuring Triangle entrepreneurs headline latest additions to our Startup Guide
- Raleigh-based Global Data Consortium raises roughly $3.5M in equity and options
- Raleigh-based Icagen lands potential $274M+ development deal with Roche
- Startup Rewind: A look back at more than 20 headline-making news stories from May 25-31
- Suburban Wake County startup communities adapting to new normal
- Survey: Nearly half of small biz owners say lack of cash could prevent reopening
- TechWire rewind: Triangle startup ecosystem faces ‘new normal,’ Lenovo layoffs + 72 other headlines
- Triangle headliners: 81 events & application deadlines coming up in June
TUESDAY | June 2 Headlines:
- Biotech firm GRAIL to invest $103M for Durham facility, adding hundreds of jobs
- Durham legal software firm GrowPath rolls out more patented tech
- Eli Lilly starts first human trial for Covid-19 antibody therapy
- Epic resets new Fortnite season for June 11, prevails in lawsuit
- IBM, Red Hat, Cisco, Apple, other tech execs blast racism in wake of George Floyd’s death
- Raleigh biotech firm Agile Sciences raises $1M in equity
- Raleigh software service Equity Shift raises $750,000 in debt from 7 investors
- Survey: 70 million Americans will look for more pandemic-proof jobs
- Survey: NC employers adapt to COVID-19 – from pay cuts to flexible schedules, more
- Tech Today: BioCryst raises $115M, grants stock to 5 hires; G1 secures $100M; Charles & Covard new CEO; Akoustis names sales exec
- UNC study: Face masks may help since coronavirus often infects nasal cavities first
- US economy may take a decade to recover from pandemic, feds say
- Zuckerberg’s stance on Trump ignites virtual walkouts by some Facebook employees
WEDNESDAY | June 3 Headlines:
- An inside look at GRAIL, the California healthcare firm bringing hundreds of jobs to RTP
- As nearly 1M apply for benefits in NC, national jobs picture continues to worsen
- Boxyard RTP lands new vendor, plans ‘Cruise Thru’ to introduce its vendors
- Cary’s RelyMD merges with MyidealDOCTOR as telehealth continues to rise
- Cary startup Atom Bioworks lands grant for COVID-19 initiative featuring AI, nanotech
- Cary startup Kronoverse lands more investment for blockchain gaming platform
- Charlotte digital energy startup Atom Power lands $17.8M
- Duke engineering students pivot to help build COVID-19 treatment tent
- ‘Incredible’: Pandemic helps turn Zoom Video into a gold mine for investors
- LabCorp launches website to help people connect with COVID-19 research trials
- Lenovo goes all in for Linux, certifying Red Hat and Ubuntu for all its workstations
- Looking for a hot Wall Street bet? DraftKings stock surges 140% despite pandemic
- NCSU, Duke researchers could redefine ‘watch dog’ with monitoring devices in dog tags
- Tech-focused civil liberties sues to block Trump’s social media executive order
- Want to launch a business? Robbie Allen’s Durham-based startup makes it easier
THURSDAY | June 4 Headlines:
- African American leaders in Triangle tech community demand change in wake of George Floyd’s death
- African American tech leaders in Triangle demand change – Donald Thompson, Walk West, speaks out
- African American tech leaders in Triangle demand change – Global Data CEO William Spruill criticizes ‘inherent biases’
- African American tech leaders in Triangle demand change – Margaret Brunson says ‘we’re at a turning point’
- Apple CEO on race: ‘We must do more’ to address ‘discrimination and trauma’
- Autonomous vehicle tech will stop only 1/3 of crashes, study finds
- Facebook to put labels on posts, information from state-controlled media outlets
- How does social media dehumanize groups of people? NCSU professor says …
- Metabolon lands 5-year Army contract for soldier health project
- NC Biotech Center to use grant to help train veterans for biomanufacturing jobs
- Nearly 2M more file for unemployment; total tops 42.6M since pandemic began
- New therapeutic company emerges in Pittsboro after a corporate reorganization
- Raleigh app developer TOURtech launches COVID-19 screening centers
- Snapchat says it will stop ‘promoting’ Trump’s messages
- What pandemic? S&P sets record with near 40% rise in 50 days
FRIDAY | June 5 Headlines:
- African American tech leaders in Triangle demand change – writer Angela Connor calls for ‘courageous acts’
- Amazon bringing retail ‘4 star’ store to Raleigh’s Crabtree Valley Mall
- Cary billionaires Goodnight, Sall see wealth soar 40% during pandemic, Forbes says
- Cary startup Atmospheric Plasma Solutions raises $3.5M, is hiring
- Epic Games delays Fortnite’s new season, live event ‘The Device’ for third time
- Google: State-backed hackers target Trump, Biden campaigns
- NCSU researchers: ‘Artificial chemist’ with AI will speed up R&D, manufacturing
- NetApp moves to bolster cloud services with $450M deal for Israeli firm
- New legislation means multiple changes for small businesses, PPP loans
- Report: World’s billionaires getting much richer despite pandemic
- Startup Atom Power lands ABB Technology Ventures as investor in new $17.8M round
- Surprising positive jobs report sends stocks soaring on Wall Street
- Tim Humphrey, IBM’s top NC exec, joins African American tech leaders’ call for action to deal with racial issues
- Two NC startups – CourtRoom5, MuukLabs – land spots in Techstars Accelerator
- Whistleblower receives largest-ever award (nearly $50M) in currency scheme
Weekend Reading:
- Duke biomedical engineers hope new device could detect Alzheimer’s biomarker
- Facebook shuts down nearly 200 accounts linked to white supremacy groups
- Looking for work? Here are 7 occupations where jobs are coming back
- NCSU launches virtual incubator to discover ‘game-changing’ COVID-19 solutions
- New partnership targets ways to speed up oncology clinical trials