As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Hot stories for July 29-August 3 included: Purdue Pharma is downsizing in the Triangle, selling its Treyburn plant in Durham; GoTriangle added a new direct transit route to Wake Tech’s RTP campus; GSK and Pfizer, both of which have operations in North Carolina have now officially merged healthcare businesses; the Triangle leads the nation in NIH funding; some local employers are now offering a four-day work week.
And in national news: Over 100 million Capital One accounts and credit applications were exposed in a hack; U.S. employers added 164,000 jobs in July; the Federal Reserve lowered the benchmark federal funds rate for the first time since 2008.
- Check out TechWire’s comprehensive resource package for Triangle startups.
Also, a media update from us: The numbers are in from TechWire’s monthly traffic data. July came in as our second-best month ever, with unique readers up 70% and new readers over 100%.
Keeping with our Monday tradition, here’s a look back at 63 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY July 29 Headlines:
- Asheville’s Waypoint Accelerator boosts local ‘outdoor-focused’ startups
- Cell Microsystems raises $1.85M to commercialize single-cell sorting devices
- Durham’s Longfellow acquires Palo Alto tech center in $205M deal
- Events ‘on the horizon’ in September: TiE-RIoT PitchFest, Entrepalooza, Black Entrepreneurship Week & more
- Fortnite gives away $3M to its first-ever solo world champion
- Mercedes-Benz automaker is building electric trucks to make online shopping greener
- My 3 biggest takeaways from this year’s GalaxyCon
- NC headliners: 62 tech & startup events happening statewide in July & August
- Play video games and earn a living? It’s possible, says local gaming expert
- Pfizer to absorb Mylan, creating generic giant
- TechWire rewind: Equifax settlement; Google data search warrants; Merck bringing 400+ jobs to Durham & Wilson + 76 more stories
- The future? Durham co-working space offers on-site childcare as a perk
- Triangle Startup Guide updates: NCBiotech resources, VC & angel groups, support organizations, coworking + more
- Triangle tech calendar: Stay connected with these local meetups
TUESDAY July 30 Headlines:
- Arizona city taps Raleigh tech firm Sensus for its ‘smart utility network’
- Massive data breach stirs concern among Capital One customers
- Nick Jordan: 7 obstacles to overcome for success in healthcare IoT
- Q&A: What to know about the Capital One data breach
- RTP startup Get Spiffy buys out competitor, expands national footprint
- Triangle leads nation in NIH per-capita funding
- Uber sheds 400 employees from global marketing team
- Warning to Capital One customers: 100M accounts exposed by hack
- ‘Wealth work’: New hot job sector catering to whims of the rich
- Wilmington fintech startup nCino lands Columbia Bank as clients
WEDNESDAY July 31 Headlines:
- Apple’s quarterly profit takes a dive as iPhone sales sputter
- David Gardner: What’s better than making money on a startup? Paying no taxes on income
- Durham’s Veritas Collaborative raises more than $5.6 in equity
- Fed cuts key rate for first time since 2008
- Morrisville-based Metabolon mines data for causes of frailty in the elderly
- NC is #1 in economic growth potential, #3 in biotech strength: Report
- Running around town – Holly Springs entrepreneur turns hobby into a community event
- Some Triangle employers offering shorter work weeks
- TransLoc CEO steps down as new owner Ford regroups
- Triangle headliners: 65 conferences, workshops & socials through the end of August
- Women in Tech Spotlight: IBM’s Phaedra Boinodiris
- Wilmington startup creates app to ‘revolutionize’ managing household chores
THURSDAY August 1 Headlines:
- Bandwidth Q2 earnings exceed Wall Street expectations – again
- Bezos dumps $1.8 billion worth of Amazon stock to fund space venture: Report
- Cisco settles with cybersecurity whistleblower for $8.6M
- GSK and Pfizer officially merge healthcare businesses
- How is Artificial Intelligence transforming digital marketing? UpTech finds out
- Jay Bigelow: Here’s why VCs may not find your company backable
- NC-based Lowe’s is shedding thousands of workers
- Networks team up to sue free TV-streaming service Locast
- Raleigh analytics firm Cymatic raises $4.5M in seed funding
- Report: IBM fired up to 100,000 older employees to make room for millennials
- Search for new UNC Charlotte chancellor begins, Dubois to retire in 2020
- The Hurt Hub@Davidson celebrates first year with an exit
- The Streaming Advisor: 10 things to think about if you want to cut cable
- The Streaming Advisor: How to get a great smart TV
FRIDAY August 2 Headlines:
- Banks could get fined for cyber breaches, top regulator says
- Businesses may be losing ‘billions’ due to lack of digital accessibility: Local expert
- Charlotte’s Premier launches platform for precision medicine
- Durham’s Chimerix pays $30M to secure rights for late-stage leukemia drug
- IBM outlines Red Hat strategy as it transforms software to be cloud-native
- New ‘AI bars’ make sure sneaks can’t cut the beer line
- New GoTriangle route to Wake Tech RTP campus
- Pairwise, NCSU seek genes that determine the berry best
- Pentagon reviews $10 billion ‘war cloud’ contract Amazon wants
- Techstars, with strong presence in the Triangle, nabs $42M in investment
- US adds a solid 164,000 jobs; unemployment rate stays 3.7%
- Women in Tech Spotlight: NC Department’s Maria Thompson
