Shelf Engine has a plan to reduce food waste at grocery stores, and $12 million in new cash to do it
For the first few months it was operating, Shelf Engine, the Seattle-based company that optimizes the process of stocking store shelves for supermarkets and groceries, didn’t have a name. Co-founders Stefan Kalb and...
Fringe pitches a monthly stipend for app purchases and subscriptions as the newest employee benefit
Fringe is a new company pitching employers on a service offering lifestyle benefits for their employees in addition to, or instead of, more traditional benefits packages. “We didn’t think it made sense that...
Magic Leap has a new chief executive and it’s former Microsoft exec Peggy Johnson
Peggy Johnson, the former executive vice president of business development at Microsoft, has been named as the new chief executive of Magic Leap, the company said in a statement. Johnson, who will begin her new role...
Menten.AI’s combination of buzzword bingo brings AI and quantum computing to drug discovery
Menten.AI has an impressive founding team and a pitch that combines some of the hottest trends in tech to pursue one of the biggest problems in healthcare — new drug discovery. The company is also $4 million richer...
Affirming the position of tech advocates, Supreme Court overturns Trump’s termination of DACA
The U.S. Supreme Court ruled today that President Donald Trump’s administration unlawfully ended the federal policy providing temporary legal status for immigrants who came to the country as children. The decision,...
Collab Capital launches with a $50 million target and a mission to help Black entrepreneurs
The three founders of Collab Capital, the newly launched Atlanta-based fund with a $50 million target and a mission to help Black entrepreneurs, are intimately aware of the struggles that Black founders face —...
Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry
Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first...
Markets dragged down by abysmal retail sales and factory output
U.S. major stock indexes fell in Wednesday trading as new data from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines did not completely erase yesterday’s gains in another sign that U.S. investors and corporations may be better positioned to withstand the economic shocks caused by the COVID-19 epidemic than most of the employees of the same businesses. The...
GE Healthcare and Microsoft are bringing a COVID-19 patient monitoring tool to health systems
GE Healthcare is extending its longtime collaboration with Microsoft to launch a cloud-based COVID-19 patient monitoring software for health systems. GE Healthcare had originally intended to debut its Mural Virtual...
With $8 million to consolidate Amazon’s top marketplace sellers, Perch makes its first deals
After raising $8 million in November to roll up top Amazon marketplace companies, the new Boston-based startup Perch has begun putting that money to work in its first few deals. The brainchild of Chris Bell, formerly...
Divesting from one facial recognition startup, Microsoft ends outside investments in the tech
Microsoft is pulling out of an investment in an Israeli facial recognition technology developer as part of a broader policy shift to halt any minority investments in facial recognition startups, the company announced...
Stocks shoot upward as ‘Phase Three’ stimulus passes Senate and unemployment skyrockets
Stocks soared on Thursday even as the U.S. reported its worst unemployment numbers in 50 years of tracking data. The pain felt on Main Street was offset for investors by the federal government opening its wallet to Wall...
Workers at America’s largest companies are not covered under coronavirus aid package
Workers at America’s largest companies are not covered under a bill passed by the House of Representatives on Friday that is supposed to support American workers impacted by the spread of the novel coronavirus. The...
Stocks sharply rebound as markets rally on expectations of government bailout, testing
As America’s fractured Congress inches closer to an agreement on a comprehensive bailout for the economic hardships businesses and workers are facing due to the COVID-19 pandemic, stocks are poised for a big rally on...
Establishing an emergency relief fund, Amazon commits to two-week pay for workers affected by COVID-19
Amazon has instituted a new policy which will see all Amazon employees diagnosed with COVID-19 or placed into quarantine receiving up to two-weeks of pay. The additional pay is to “ensure employees have the time they...
As national COVID-19 cases top 1,000, insurers waive treatment fees and US preps stimulus
The number of COVID-19 cases in the U.S. crossed 1,000 on Tuesday as President Donald Trump met with the nation’s largest insurers and members of his cabinet to discuss how to pay for treatment and lessen the financial blow of the disease’s spread. With the nation’s healthcare apparatus beginning to get a better understanding of the proliferation of the virus that causes COVID-19 within its borders, efforts have shifted fully...
Big tech commits to paying wages for hourly employees affected by coronavirus plans
Following Microsoft’s lead from late last night, some the biggest technology companies in the U.S. have agreed to pay wages for hourly employees impacted by the ongoing corporate response to the coronavirus outbreak. It’s the right thing for companies to do, from both a health and safety perspective, and to ensure that the hourly workers who are most impacted by work stoppages and shortages are not adversely affected by events...