As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Hot news for October 21-25 included: WeWork is reportedly cutting thousands of workers, and it’s unknown whether the Triangle will be hit; North Carolina is part of a major federal trial on the opioid crisis; Amazon publicly revealed its new fulfillment center in Garner; Red Hat is teaming up with NVIDIA to improve infrastructure for 5G; top VCs spoke at the BCVP Entrepreneurs’ Series event in Durham (read our coverage here and here); Michigan agtech firm Vestaron Corporation is moving its HQ to RTP.
In funding news, here are the local startups that raised money last week: Durham-based 410 Medical ($8 million), Raleigh-based SignalPath ($18 million), High Point-based vTv Therapeutics ($2 million) and Raleigh-based Bryn Pharma ($17.5 million).
- Check out TechWire’s comprehensive resource package for Triangle startups.
And, some national news: SoftBank completed a deal to bail out WeWork; Facebook CEO Mark Zuckerberg appeared before Congress as Facebook News launched; Twitter’s disappointing revenue overshadowed user growth for Q3.
Keeping with our Monday tradition, here’s a look back at 90 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY October 21 Headlines:
- At ‘Pints and Pitches,’ entrepreneurs share ideas with investors, network over beers
- Bull City Venture Partners event draws big name VC speakers; TechWire readers can get 20% discount
- Chapel Hill firm raises $60.9M from 11 investors for ‘blockchain opportunities’ fund
- Chapel Hill Internet of Things startup aims to improve energy efficiency
- 2 Chapel Hill tech companies chart path for legal innovation
- Data summit: 1,800+ security, IT pros to convene at Triangle InfoSeCon
- Dunkin’ cashing in on ‘meatless’ craze with Beyond Meat sandwich in Nov.
- Entrepreneurs find mentorship, education in Launch Chapel Hill accelerator program
- GSK sells 2 travel vaccines in deal topping $1 billion
- Healthcare innovation thrives in Chapel Hill with help from UNC
- IBM stock downgraded on fears of long-term Red Hat impact, other worries
- Job seekers with criminal records may find open door at JPMorgan
- Looking for tech, startup, business meetups in Triangle? Here are 140 to check out
- NC attorney general presses on in big opioid trial after $48B deal with drug firms falls apart
- NC headliners: Boots to Business, Startup Grind Greensboro + more events state-wide in Oct.
- North Carolina, other states plan to continue opioid suit after partial settlement in Ohio
- On the event horizon: 107 conferences, workshops & meetups across NC in Nov.
- Open for business: Chapel Hill focuses on economic development
- Our exclusive Triangle Startup Guide keeps growing – check out latest additions
- Report: More Chinese than Americans among world’s richest people for first time
- Revamped Morrisville Outlet Mall – ‘The Stitch’ – awards leasing deal to CBRE Raleigh
- TechWire rewind: Recapping a week’s worth (89) of tech, life science, other news headlines
- Triangle headliners: State of VC, BCVP Venture Outlook, Cleantech Connect + more Oct. events
TUESDAY October 22 Headlines:
- Biogen reverses course, will seek approval of Alzheimer’s drug; stock skyrockets
- Cast your vote for tech, business candidates in expanding WRAL Voters Choice Awards
- Charlotte-based ettain group makes 2 acquisitions – also gets a new owner
- Employees, robots will work together at Amazon warehouse in Garner
- First Flight Center, Eva Garland Consulting both land $50,000 in accelerator fund competition
- High Point-based vTv Therapeutics raises $2M in new funding
- LabCorp’s latest deal extends clinical reach across 4 Midwestern states
- Med device startup 410 Medical lands $8M in new capital; Hatteras Ventures leads round
- NC attorney general to help lead investigation into Facebook; 47 states involved
- NCSU: Composite metal foam tougher than aluminum for aircraft wings
- New gene-editing technology could correct 89% of genetic defects, scientists say
- Pizza Hut’s environmental push: Meatless pizza, round boxes
- Raleigh clinical trials technology startup SignalPath raises $18M
- Red Hat teams with chip giant NVIDIA on 5G ‘smart everything’ revolution
- Report: Renewable energy capacity to grow 50%, matching US power plant output
- Report: US falling further behind in funding for university research
- Softbank gains control of WeWork, which has big presence in NC
- These celebrities’ names are most likely to pose cybersecurity risks to fans
WEDNESDAY October 23 Headlines:
- Bandwidth’s David Morken wins 2019 NC TECH’s Outstanding Achievement Award
- Clinical trials firm Cenduit relocates HQ to Frontier RTP to accommodate ‘next chapter,’ is hiring
- Congress gives Facebook’s Zuckerberg a bipartisan grilling over currency plan
- Durham fintech startup Zogo lands 11 financial institution partners
- Google touts ‘quantum supremacy’ but IBM disputes the claim
- NC-based valve manufacturer picks US for new jobs, invests in high-tech equipment
- New COPD product from British drug firm with US headquarters in Morrisville hits market
- October is Cybersecurity Awareness Month. Here’s how to stay safe online
- Silicon Valley exec warns: NC politics still threaten Triangle’s growing tech hub
- Streaming wars: Verizon bundles free year of Disney Plus as competition intensifies
- Study: North Carolina scores poorly in protecting citizens’ data privacy
- UPS expands its ‘drone airline’ to Utah after launch in Triangle
- Venture capital-backed agtech firm Vestaron moves HQ to Research Triangle Park
- Women VCs from top Silicon Valley firms take center stage at Bull City Ventures’ event
- Zuckerberg going back before Congress as Facebook faces more scrutiny
THURSDAY October 24 Headlines:
- Another good report card for Microsoft with a Street beat on earnings, revenue
- Autonomous vehicle first? Duke-Volvo LiDAR project demos long-range object detection, classification
- Charlotte-based Honeywell hires Amazon exec to lead new robotics effort
- Don’t leave home without … the new ‘Green from Amex card’
- ‘Excellent quarter:’ LabCorp earnings beat Wall Street expectations
- FDA warns vaping firm to remove 100 flavored e-cig products; lung injuries keep climbing
- Fueled by $26M in cash, Sense Photonics launches 3D sensor camera; autonomous vehicle product coming
- ‘Leadership in Rural Innovation’ is focus of Nov. 7 WRAL TechWire Live event
- NC IDEA Entrepreneurial Ecosystem Summit to examine state-wide startup activity, growth
- NCSU receives $1M from GSK Foundation to expand community college collaboration
- NCSU researchers develop browser tool to better detect malware, malicious code
- Pappas exec to lead newly formed biotech firm; Pappas Capital, Novo Holdings provide funding
- Queen City boost: More growth for med device manufacturer Medical Murray in Charlotte
- Raleigh startup raises $17.5M, aims for FDA approval of nasal spray to counter strong allergic reactions
- Reports: WeWork will be making layoffs, won’t comment about any cuts in Triangle
- Study: Eating trans fats increases Alzheimer’s risk up to 75%
- Study: Raleigh 6th best city for young professionals; Durham ranks 25th
- Tesla’s surprise profit charges up investors – shares surge 20%
- Triangle life science exec Sheila Mikhail shines as ‘Northstar’ award winner
- Tweet this: Twitter user count grows but disappointing financials drive down stock 16%
- Uptech Report: Here’s how to maximize partner relationship management in rapidly changing tech world
- Up, up, away … Richard Branson’s Virgin Galactic is going public
FRIDAY October 25 Headlines:
- Amazon’s push for faster shipping hurts bottom line
- Diveplane, founded by former Epic Games CEO, releases new AI tool for real estate investors
- Epic Games sues former employee for leaking trade secrets on Fortnite Chapter 2
- Facebook clarifies Zuckerberg remarks on false political ads
- Facebook News launches in testing phase, causing angst in local newsrooms
- Female execs swap tips on productivity, and it involves taking a hike
- K4Connect offers new assessment in ‘smart home’ living for seniors
- Microsoft to expand in Charlotte, add 430 jobs
- NC companies to seek investment at Southeast BIO Forum
- Newly minted unicorn Prometheus Group acquires UK software firm
- Talent solutions firm Vaco adds former Deloitte exec to its team
- WeWork scrambles to remove office phone booths after cancer-causing agent found
