News 

Biomedical investment growing in Cleveland, Midwest

“The commercialization arm of Cleveland Clinic, Cleveland Clinic Innovations, has spun off nearly 80 companies since 2000, including Cleveland HeartLab, a cardiovascular diagnostic testing company purchased by Quest Diagnostics in late 2017” writes The Plain Dealer for cleveland.com. The five-year-old biomedical company also has offices in New York City and in Spain, but it is expanding in Cleveland.In Cleveland, growth is coming from a number of pipelines. Source: cleveland.com Share This:

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Facebook’s yet another mishandling of data; accidentally shares analytics with app testers

“According to reports, Facebook has accidentally sent analytics data to app testers instead of keeping it restricted to app developers only” writes Susmita Pathak Mishra for ibtimes.co.in. Once again, the company has been accused of mishandling user data that may be misused if reaches the wrong hands.The company confirmed that a major proportion of the data that has been shared with the testers was related to an error in the mail delivery system.The back-to-back events of mishandling data have made Facebook answerable to those who rely on it and share…

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Crypto News Platforms 

Robinhood Happy to Make No Money on Cryptocurrency…

“However, trading platform Robinhood is offering free cryptocurrency trading, and the company is quite happy not making any money off such trades” writes Jeffrey Francis for livebitcoinnews.com. The company’s co-CEO, Vlad Tenev, said that they are quite happy making no money at all on cryptocurrency trading.Immediately after the launch of free cryptocurrency trading, the platform added 200,000 new customers per day.At the beginning of this year, Robinhood shook up the cryptocurrency space by offering free trading on its platform for Bitcoin and Ethereum.Robinhood, the trading platform, is on a roll,…

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South Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

“SEOUL (Reuters) – South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company” writes Midwest Communications Inc for 95kqds.com. Choi still needed to win approval at an extraordinary shareholders’ meeting on July 27, the company said.In April, the company said Kwon Oh-jun was stepping down from the chief executive position. Source: 95kqds.com Share This:

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Zcash Company Response to Secret Service Recommendation

“To that end, the company has focused efforts to help build and support Zcash, a privacy-protecting, digital currency built on strong science” writes Josh Swihart for z.cash. In fact, it further quotes Ott as saying that “traditional methods remain the primary vehicle for most illegal activity…” The Zcash company mission is to empower everyone with economic freedom and opportunity. Source: z.cash Share This:

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Tesla Layoffs Likely Hitting Solar Panel Divisions, Internal Documents Show

“In 2006, Musk helped to form a solar panel company founded by his cousins, SolarCity” writes David Grossman for popularmechanics.com. Tesla’s layoffs last week will affect what had been the company’s solar panel division according to Reuters, which says it has seen several internal documents and spoken to seven current and former Tesla solar employees. Source: popularmechanics.com Share This:

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Facebook’s latest data faux pas: app analytics reports sent to the wrong people

“Roughly 3 percent of Facebook Analytics users had their app data sent to the wrong contacts” writes Amy Gesenhues for marketingland.com. According to Facebook, the emails were mistakenly sent to people identified as “testers” within app developers’ Facebook analytics accounts.Facebook’s data security issues have turned into a nonstop game of whack-a-mole.Facebook’s data security and user privacy issues have been nonstop this year since the company announced it was suspending Cambridge Analytica for exploiting user data.Not only have there been several data-security fires to put out at the company, Facebook is…

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Facebook launches Messenger Kids app in Canada and Peru, the first markets outside the US, and makes the app available in Spanish and French

“Facebook is expanding its controversial Messenger Kids app beyond the U.S. and into Canada and Peru, the company announced today” writes Paul Sawers for venturebeat.com. It has developed the Messenger Kids Pledge, which is a set of “guiding principles” aimed at parents and kids that “encourage the responsible use of Messenger Kids,” the company said in a blog post. Source: venturebeat.com Share This:

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Sale price for Weinstein Co. cut by $23 million

“The Weinstein Company has agreed to reduce its sale price to Lantern Capital by $23 million, as doubts have been raised about whether the deal can close” writes Gene Maddaus for nypost.com. Paul Zumbro, the lead attorney for the company, announced in Delaware bankruptcy court Friday that the company had agreed to reduce the agreed price from $310 million to $287 million.We think it’s totally inappropriate.” The unsecured creditors committee represents trade creditors as well as alleged victims of Harvey Weinstein’s sexual abuses.The price cut will hurt creditors who hope…

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Markets News 

Cybersecurity Squashes B2B Startup Funding Competition

“The industry landed $90 million in funding, accounting for four out of the 10 funding rounds announced by B2B startups” reports pymnts.com. By far, the largest funding round of a B2B startup this week went to CrowdStrike, which announced $200 million raised for its enterprise cybersecurity solution.Working in the human capital market, IndiQube provides startups and professionals with shared workspaces, with a focus on SMBs.Instead, startups in the payments processing, commercial card and cybersecurity market landed the top rounds of the week — with one company securing a $3 billion…

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