As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Notable news stories from last week included: High-tech job openings in NC increased for the first time since the pandemic began; Amazon is hiring 3,000 people at its fulfillment center in Garner; Raleigh and NC score high among the top areas for remote work in the U.S.; Raleigh-based Brooks Bell is giving away proprietary software for free to help small companies compete with Amazon; Tesla picked Austin over NC for its new auto plant; President Trump visited the factory of a Triangle company that’s producing a COVID-19 vaccine; Durham VC firm IDEA Fund Partners raised $120,000 for its latest startup investment fund.
Several NC companies landed new funding last week, including Raleigh-based Next Century Spirits ($6 million), RTP-based Boragen ($300,500 SBIR grant), Raleigh-based Levitate ($6 million), Chapel Hill-based Altis Biosystems ($3.1 million), Raleigh-based Modern Energy Group ($100 million), Morrisville-based Tenax Therapeutics ($5 million) and Durham-based 8 Rivers Capital ($30 million in grant funds). Read more startup news in last week’s Startup Rewind here.
And, in national news: An Associated Press analysis found that PPP loans were approved and disbursed to larger firms faster than small businesses; IBM’s CEO sees progress in the company’s shift to cloud and AI, and is working to boost its bottom line after laying off thousands; the U.S. banned technology sales to 11 Chinese companies; LinkedIn is laying off 6% of its workforce; the U.S. indicted a group of Chinese hackers targeting vaccine development firms; as unemployment claims rise, Friday marked the end of the $600 benefit.
Keeping with our Monday “TechWire Rewind” tradition, here’s a look back at 84 local, state and national headlines as reported by WRAL TechWire last week:
MONDAY | July 20 Headlines:
- Analysis confirms complaints: Bigger firms dominated in landing early PPP loans
- Brewing success story: With $6M funding, Next Century Spirits preps for post-pandemic world
- Disney reportedly scales back Facebook, Instagram advertising
- Good job news for NC: High-tech openings rebound in June
- GSK invests hundreds of millions in vaccine firm backed by Bill, Melinda Gates
- Hackers targeted 130 high-profile Twitter users, reset 45 passwords
- How Brooks Bell’s free software is helping smaller companies compete with Amazon
- IBM earnings drop 31% in Q2 but beat Street expectations
- Looking to network? Here are 100+ meetup groups across Triangle
- NC headliners: DIG SOUTH, State of Technology, EDPNC webinars + more July events
- On the horizon: 64 events & program deadlines coming up across NC in August
- Startup Rewind: From nCino’s IPO to new fundings, a look back at a busy week
- Steve Case: Here are 3 ways Congress can boost startups in pandemic crisis
- TechWire rewind: 73 headlines including nCino IPO; Global Data Consortium growth; GoTriangle transit pitch
- Triangle headliners preview: HackDuke, Auto Intel, Sustainable Fleet Tech + more July events
- Triangle Startup Guide adds more funding sources for entrepreneurs
- Will torrid bull run on tech stocks continue? IBM, other earnings reports are key
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