Author: IA PressRoom

Source: PexelsAave’s Lens Protocol, a social layer for web3, has raised $15 million in funding to develop decentralized blockchain-backed social media. According to a June 8 blog post, IDEO CoLab Ventures led the funding round alongside other VCs, such as General Catalyst, Variant, Blockchain Capital, and Palm Tree. Other prominent venture capitals, including A. Capital, Seed Club Ventures, Robot Ventures, and DAOs like PUNK DAO and Flamingo DAO, participated in the fundraising.Prominent angel investors such as Hayden Adams (Uniswap CEO), OpenSea co-founder Alex Atallah, and former Coinbase CTO Balaji Srinivasa also funded the project. Lens Is Launching a Social Media Where Everyone Builds…

CNN  —  An aide to former President Donald Trump has been indicted in special counsel Jack Smith’s investigation into the mishandling of classified documents from the Trump White House. Walt Nauta’s indictment is the second in the special counsel’s investigation. Trump has been indicted on 37 counts, which include charges relating to the willful retention of national defense information, according to the indictment, which was unsealed on Friday. Nauta faces six counts, including several obstruction- and concealment-related charges stemming from the alleged conduct. Prosecutors allege that Nauta lied to investigators when he was interviewed by the FBI in May 2022,…

In the current polarized climate, more companies could experience the type of anti-LGBTQ+ backlash that recently hit Target Corp., warns Daniel Diermeier, chancellor of Vanderbilt University. The political scientist and management academic is the author of “Reputation Analytics: Public Opinion for Companies.” He warned that other companies, particularly in the retail sector, could find themselves in a similar position to Target, which has faced an intense anti-LGBTQ+ backlash over its Pride Collection. “Target is a really important case,” he told MarketWatch, noting that the retail giant had been selling Pride products for years. “They probably were caught by surprise [by the…

Topline The S&P 500 rose to its highest level in more than a year Friday, sending stocks into a technical bull market but leading to a split among experts about whether the rally will keep on chugging or falter as it grapples with concerns that prices are running too hot. Bulls are outlasting bears on Wall Street so far this year.Getty Images Key Facts The S&P inched up 0.2% to about 4,300 Friday, set to close at its highest price since last April; the index is now up 23% since it bottomed out at 3,491 in October, when the S&P…

© Reuters. FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo By Julie Steenhuysen and Michael Erman (Reuters) – The U.S. Food and Drug Administration said on Friday it is seeking new suppliers to ease shortages of methotrexate, one of the most commonly used cancer drugs, building on its push to shore up two other scarce chemotherapy medicines. An FDA spokesperson told Reuters the agency is looking for temporary importation options for the drug, which has been in shortage since March. Methotrexate is an…

Source: AdobeStock / gguyAccording to a research report by Berenberg Capital, investment bank analyst Mark Palmer believes that Coinbase shares are currently deemed “uninvestable” in the short term due to the ongoing lawsuit filed by the Securities and Exchange Commission (SEC).Palmer noted in the report that the anticipated decline in second-quarter trading volumes on Coinbase had already been expected prior to the lawsuit. However, the legal action has added a layer of uncertainty, creating an additional burden on the company’s stock.The analyst emphasized that this uncertainty may intensify, potentially leading to continued weakness in the performance of the Coinbase stock, which…

In April, Vice President Kamala Harris visited Qcells, a solar panel manufacturing facility in Dalton, Ga., to announce an early triumph of the Inflation Reduction Act: Summit Ridge Energy, one of the nation’s largest developers of community solar projects, would purchase 2.5 million U.S.-made solar panels.Subsidies under the new law brought the price in line with that of imported panels, allowing the companies to fight climate change and promote American manufacturing in one fell swoop.A month later, the Treasury Department issued guidance that functionally would require the solar cells — not just the panels — to be made in the…

JOBY, DCFC and UP among industrial movers

Fearless Media is a newsletter about the future of entertainment, media, and tech by Creative Media chairman Peter Csathy. He writes that Apple’s latest $3,500 gadget is not just a VR “headset,” but a bigger tech opportunity: spatial computing. “Spatial computing will be as big as mobile,” says tech entrepreneur Nanea Reeves. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The following article was originally published June 7, 2023 on Fearless Media.Apple at long last revealed its long-anticipated “next big thing” — its Vision…

© Reuters. FILE PHOTO: U.S. House of Representatives Ways and Means Committee Chairman Jason Smith (R-MO) speaks with Representative Richard Neal (D-MA) on Capitol Hill in Washington, U.S., March 10, 2023. REUTERS/Evelyn Hockstein/File Photo By Richard Cowan WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives on Friday unveiled a series of new tax breaks aimed at businesses and families while proposing to reverse some of President Joe Biden’s legislative victories, including credits to spur the sale of clean-burning electric vehicles. Three related bills were introduced on Friday with the goal of moving the legislation through the House Ways…