As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Notable headlines from last week included: Health insurance giant Centene picked Charlotte for a $1 billion HQ that will add 6,000 jobs to the city; Durham insurtech startup hired Google veteran Erik Garr as an executive – read our Q&A here; NC State economist Mike Walden shared insights on what NC’s economic recovery may look like; Raleigh startups K4Connect and Pryon teamed up to bring AI-powered assistants to residents at senior care facilities; TechWire has a new columnist: investor and entrepreneur Donald Thompson of Walk West; Amazon said it plans to open its Garner distribution center by year’s end; local Black-owned businesses are seeing a jump in sales and support after recent protests.
Several NC startups landed new funding last week, including Winston Salem-based F5 Sports ($2.1 million), Raleigh-based TerMir ($100,000 pitch competition), Cornelius-based Barvecue ($780,000), RTP-based Innatrix ($224,594 NSF grant) and Durham-based Looma ($1.1 million). Read more startup news in last week’s Startup Rewind here.
And, in national news: More than 500 companies are boycotting Facebook ads over the platform’s hate speech policies; more than $150 billion in PPP loans are unclaimed by small businesses; Airbus is cutting more than 10% of its workforce due to COVID-19; U.S. stocks finished their best quarter in more than two decades; the Senate extended the next PPP loan deadline to August 8; the U.S. unemployment rate dropped from 13.3% to 11.1% in June’s job report.
Keeping with our Monday “TechWire Rewind” tradition, here’s a look back at 81 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY | June 29 Headlines:
- 5 NC startups advance in LaunchBio’s national pitch event
- Amazon to pay bonuses up to $500 to front-line employees
- Duke physician-engineer, doctoral student designing medical robot for NASA
- Fed includes numerous high-tech firms in debt-buying program as part of COVID-19 relief effort
- High-tech shooting range OnPoint to open in Raleigh on July 1
- IBM donates AI toolkits to Linux Foundation to ‘mitigate bias’ in datasets
- Infographic: Google, Amazon, Apple, Microsoft, others building ‘brains’ in cloud for digital economy
- List of companies boycotting Facebook, social media over hate speech swells
- Note to TechWire readers: Our calendar is unavailable due to tech issues
- On the horizon: Mark your calendar for these July events
- Pinterest hires law firm to investigate workplace culture after discrimination accusations
- Startup Rewind: From new coworking spaces to nCino’s $100M IPO, a look back at a busy week
- TechWire rewind: 89 headline makers including nCino IPO; cybercrimes surge; startups raising cash, much more
- Triangle Startup Guide updates: More COVID-19 relief and support resources
- Where to make connections: Here’s list of 140+ tech & biz meetups across Triangle
- W-S sports tech startup lands $2.1M, names former Prsonas exec as CEO
TUESDAY | June 30 Headlines:
- Airbus is cutting 15,000 jobs because of the pandemic
- Epic angers some with decision to slow new content, not make Fortnite’s ‘Save the World’ free
- Fed’s Main Street Lending program off to slow start: No loans, few banks participate
- Firm to offer balloon rides from Alaska to the edge of space
- Insurtech startup Policygenius hires Google Triangle exec for Durham post
- Liquidia raising $75M in stock offering, to acquire rare disease drug firm
- More than $150B in small business PPP loan funds go unclaimed
- Q&A with Google veteran and Policygenius’ new exec Erik Garr
- Raleigh life science firm’s short bowel syndrome drug shows promise
- Raleigh startup aims to become one-stop shop for homebuilding
- Raleigh startup TerMir wins $100K Alexandria LaunchLabs pitch competition
- Red Hat making open source code more inclusive by eradicating ‘problematic language’
- Reviewing our state’s 2nd best year ever for investment capital: CED offers insight
- Want to improve racial equality, diversity at your business? Here are 7 steps
WEDNESDAY | July 1 Headlines:
- 5 things to watch for in Thursday’s jobs report for June
- Artificial Intelligence giving a boost to senior care through 2 Raleigh startups
- Bid deadline is Wednesday for McClatchy, which owns News & Observer, Herald Sun
- Can bulls keep running on Wall Street? Best quarter since ’87 sets stage for last half of 2020
- Don’t expect rapid rebound for state economy, warns NCSU economist
- Health insurance giant Centene to invest $1B for HQ2 in Charlotte, bringing 6,000 jobs
- Looking ahead at possible trends in the workplace as a result of COVID-19
- Plant meat barbeque? NC startup Barvecue’s recipe lands investors, $780,000
- Reports: Health insurance firm bringing thousands of jobs to Charlotte
- Senate extends Paycheck Protection Program loan deadline to Aug. 8; $130B available
- Uplizna launch is a ‘testament’ to NC’s prowess in drug R&D
- Zoom got big fast. Then videobombers made it rework security
THURSDAY | July 2 Headlines:
- As deliveries climb, Tesla now most valuable auto manufacturer on the planet
- California sues Cisco, alleging bias based on Indian caste system
- Despite some setbacks, Amazon aims to open Garner distribution center by year-end
- Entrepreneur, investor Donald Thompson to write weekly column for WRAL TechWire
- HELIUS: Entrepreneurship runs in the family
- IBM closing Innovation Center in Iowa where 344 people work
- IBM: More companies failing to contain cyberattacks despite being better prepared
- Jeff Bezos’ wealth nears $172B – a record for world’s richest person
- Mother of four brings online UX designer training to stay-at-home moms
- New jellyfish robot can outswim the real thing, NCSU prof says – watch video
- Robotic surgery firm TransEnterix looks to raise $13M; stock price plunges
- Sales are climbing at many Black-owned businesses in wake of racial protests
- Study: World’s pile of electronic waste grows ever higher
- Trump’s order on H-1B visas for skilled immigrants will hurt US, Morrisville councilman says
- W-S firm Cook & Boardman acquires Delaware-based security tech company
FRIDAY | July 3 Headlines:
- Agtech startup Innatrix lands $225k NSF grant to develop crop protection platform
- Black business owners in Triangle see more community support in wake of racial protests
- BMW looks to offer more custom options through software upgrades
- Captain America ‘skin’ has got your back in Fortnite just in time for July 4
- Charlotte fiber network operator plans expansion after ownership changes
- Duke to launch master degree program for cybersecurity
- Durham-based IQVIA to launch massive clinical research site in Canada
- Facebook hit with discrimination suit; ad boycott swells to 500 companies
- Investors line up to pour $1.1M into Durham retail tech startup Looma
- Nanotech ‘film’ could lead to next-generation smart fabrics, NCSU researchers report
- Nokia wants US to block imports of Lenovo computers in patent dispute
- Nonprofit Apparo launches impact award celebrating Charlotte’s tech heroes
- Report: US economy won’t recover from pandemic-created recession for years
- Six startups join lineup for Showcase at NC Tech’s State of Technology event
- Tesla stock topped $1,200. Here’s how it could hit $2,000
- The Looma Project’s Cole Johnson talks about the future of retail tech
- What’s next for NC’s post-pandemic economy? After hitting bottom, a slow comeback
Weekend Reading:
- Analyzing big jobs report – the good, the bad, the ugly
- Duke researchers propose new means for controlling hundreds of robots
- Fast cleaner: MIT robot can disinfect a big warehouse in 30 minutes – watch video
- Google as ‘a witness to the robbery:’ Geofence warrants facing legal challenges
- NCSU’s nanotech research could improve energy storage devices
- Pandemic having greater emotional impact on young people, Hispanics says UNC-Harvard survey
- Raleigh startup’s $11M fundraiser boosts anaphylaxis treatment efforts