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The Health 202: Veterans’ health funding is first sticking point in potential government shutdown fight

“To do so again, would also mean the veterans’ health program they just green-lighted wouldn’t get the money it needs” writes Colitkowitz Covers Health for washingtonpost.com. Steve Womack (R- Ark.) wrote to appropriators saying they should be able to find the extra billion dollars or two within the existing budget to prioritize veterans’ health.”Republican Leadership, and President Trump, should have prioritized fully funding the VA MISSION Act before it was signed into law,” Lowey wrote.It was considered a major victory for the president who campaigned on giving veterans more choice in their…

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Senate shrugs off Trump admin’s $5 billion trophy border wall plan

“The Senate Appropriations Committee approved a Homeland Security spending measure in June that includes the $1.6 billion for border wall funding” writes Ap Photo Jae for washingtonexaminer.com. The fiscal year 2019 House Homeland Security Appropriations spending bill would give a major boost to border wall funding.But in the Senate, where ten Democrats are needed to pass legislation, it will be much harder to get significantly more border wall funding than the $1.6 billion requested by the Trump administration. Source: washingtonexaminer.com Share This:

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Global fintech boom continued in Q2, with 383 startups raising a record $20 billion

“That $6.3 billion was the most raised in a quarter since fintech companies raised $8.3 billion in Q2 2016, of which $4.5 billion was also a funding round for Ant” writes Chris O’brien for venturebeat.com. But even without that massive round, VC-backed fintech companies raised $6.3 billion in funding, up from $5.6 billion in the previous quarter, according to a report released today by CB Insights.In any case, the 383 deals in Q2 2018 were the most ever, topping the 349 deals in Q1 2018. Source: venturebeat.com Share This:

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House bill funds $5 billion for wall, adds ICE and Border Patrol agents

“The funding plan is guaranteed to draw fierce opposition from Democrats, who not only oppose border wall funding but have worked to prevent funding for additional Border Patrol and ICE agents” reports washingtonexaminer.com. Of that new funding, $78 million is allotted for the hiring of 400 additional ICE agents and support staff.A fiscal 2019 spending measure was introduced in the House on Wednesday that provides $5 billion for a southern border wall and additional funding for border security that aims to achieve “100 percent scanning” of the border within five…

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Insider threat management firm ObserveIT raises $33 million

“JERUSALEM (Reuters) – ObserveIT, a provider of insider threat management software, said on Tuesday it raised $33 million in a private funding round with participation from Bain Capital Ventures and Spring Lake Equity Partners” writes Midwest Communications Inc for 95kqds.com. The funding will be used to accelerate product innovation and to expand the sales and marketing teams to support the company’s global growth.ObserveIT, founded in 2007 by two Israelis, said that in the past year the company increased customer deals by 185 percent while new customer deal size grew by…

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China’s ride-hailing app Didi gets $500 million funding from the parent of Booking.com

“Chinese ride-hailing app Didi Chuxing has received a $500 million investment from U.S. travel firm Booking Holdings, in a boost for its aggressive plan to enter new markets outside of China” writes Zhang Peng for cnbc.com. The new funds come as Didi is expanding heavily into several new overseas markets, where it hopes to challenge U.S. ride-hailing giant Uber Technologies. It has also invested in a handful of Uber competitors in other markets, including Brazil’s 99, India’s Ola, Singapore’s Grab and U.S.-based Lyft.The two firms announced the investment in a…

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Klang Games raises $8.95 million for space colony online simulation

“Klang Games, a Berlin-based game development studio, has raised $8.95 million in funding to support Seed, an artificial intelligence-driven massively multiplayer space colonization online simulation” writes Dean Takahashi for venturebeat.com. Earlier this year, Klang Games also received a funding round that Makers Fund led.The online game will use Improbable’s SpatialOS platform, which provides the infrastructure that allows small development teams to create massive simulations.Northzone — the early-stage venture capital firm behind Spotify, iZettle, and Avito — led the funding round. Source: venturebeat.com Share This:

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The Times recommends: Pat Sullivan for the 47th Legislative District, House Position 2 | Editorial

“A moderate Democrat, Sullivan played a pivotal role in the Legislature finally agreeing on a massive overhaul of its education funding system” writes Seattle Times Editorial for seattletimes.com. That should remove inequities between districts and provide districts with ample state funding.The fix was to cap levies and increase state funding. Source: seattletimes.com Share This:

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SMB Insurance, Robo-Advisors Prove Unexpected Winners In B2B Funding

“While it was a quiet week for the industry, B2B startups still managed to secure more than $190 million in funding, mostly situated in the U.S. and Singapore” reports pymnts.com. On the human resources front, New York- and San Francisco-based Greenhouse announced $50 million in Series D funding this week.Its Series A funding was led by current investors, the company said, though a press release announcing the funding did not specify the identity of the backers.The latest funding was led by Franklin Templeton Investments, reports in Crowdfund Insider said.Next Insurance…

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With $57.5B invested so far in 2018, VC funding for U.S. startups reaching ‘unprecedented levels’

“The amount of venture capital funding pouring into U.S. startups is on pace to reach levels unseen since the early 2000s” writes Taylor Soper for geekwire.com. The latest PitchBook-NVCA Venture Monitor report shows $57.5 billion invested across 3,997 deals for U.S. venture-backed companies thus far in 2018.Venture capital firms are also continuing to raise large amounts themselves, with $20.2 billion raised across 157 vehicles in 2018. Source: geekwire.com Share This:

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