Tag: United States
Daily Crunch: Social media confronts election misinformation
You may have heard that the United States had a presidential election yesterday, with plenty of implications for the tech world, particularly with social media as one of the battlegrounds in the fight over the results. Meanwhile, major tech-relevant ballot measures, like California’s Proposition 22, also passed. I’ll do my…
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Moderna set to start final-stage trial of its coronavirus vaccine by July
Pharmaceutical company Moderna told Bloomberg on Thursday that it’s on pace to begin the final-stage clinical trial of its vaccine for the novel coronavirus that causes COVID-19 by July. Moderna was the first company to begin human clinical trials of its vaccine candidate in the U.S., and the last stage…
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Nikola Motor to open pre-orders for fuel cell pickup truck to compete with Ford, Tesla
Nikola Motor, the Arizona startup that made its debut as a publicly traded company June 4, will open up reservations later this month for a hydrogen fuel cell electric pickup truck that was designed to compete with the Ford F-150. Reservations, or pre-orders, will open June 29 for the hydrogen-electric…
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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 — because they are all Black founders themselves. Managing Partners Jewel Burks, Justin Dawkins, and Barry Givens have…
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Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm
New York-based fintech startup Wahed (meaning ‘One’ in Arabic) describes itself as a digital Islamic investment platform and as the world’s first ‘halal robo adviser’. It’s now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil…
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India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority
Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a…
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