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Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company’s Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday (July 17) press release.

Discover to Sell $10.1 Billion Private Student Loan Portfolio

Healthcare AI startup Huma has raised $80 million to develop its new digital health cloud platform. The platform, announced Tuesday (July 16), is designed to bolster the company’s digital health initiatives while also letting others launch and scale their own products. “With its Huma Cloud Platform and the regulatory...

Huma Gets $80 Million to Build ‘Shopify for Digital Health’

Simply Business has expanded its workers’ compensation insurance offering for small businesses by partnering with workers’ compensation provider Employers. With this expansion of its offering, Simply Business can digitally quote and bind workers’ compensation policies for more than 300 different types of small businesses across all eligible states, the companies said in a Wednesday (July 17) press release.

Simply Business Expands Workers’ Compensation Offering With Employers Partnership

Virginia State

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Margaret Minnicks

WVTF reported that a new Virginia law will become effective on July 1, 2024. The law will prevent utility companies from disconnecting services on various occasions, which could leave someone without power for days.

A new law will keep utilities from being disconnected on weekends and holidays in Virginia

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Colorado State

The Independent

 The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations. The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.The Democratic administration is trying to encourage more technological innovation across the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City. “The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country," Commerce Secretary...

Biden administration provides $504 million to support 12 technology hubs nationwide

Aurora, CO

David Heitz

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

Wyoming State

WyoFile

I recently had a conversation with a legislator about the work done on property tax relief this year. As he campaigns for reelection, this lawmaker is often hearing from constituents about rising property taxes and their frustration about government inaction. However, the Legislature has not been inactive on this issue. In the most recent legislative session, lawmakers passed four separate bills addressing property taxes, each of which will provide substantial relief. In his conversations with constituents, the legislator has been urging patience, rightly noting that legislation is not an overnight fix and that overreacting now would cause greater problems in the future.

Patience is key to addressing Wyoming’s challenges, like property taxes

Washington State

Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

THE CNMI government's expenditures of American Rescue Plan Act funds starting in 2021 were “all over the place,” CNMI Treasurer Asuncion Agulto told the Senate special committee looking into the $225 million in ARPA funds deposited in the Bank of Guam. She said the CNMI government is still...

CNMI treasurer details disarray in ARPA fund spending

Reuters

(Reuters) - Dutch chip equipment startup Nearfield Instruments said it has raised $147.6 million (135 million euros) to ramp up production and bring several tools to market more quickly.

Dutch chip equipment startup Nearfield raises $148 million

Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows Pindrop to further develop its audio, voice, and artificial intelligence (AI) technologies for customers in industries that include banking, finance, contact center, insurance, utilities, healthcare and retail.

Pindrop Raises $100 Million in Battle Against Deepfake Calls

In the race to infuse artificial intelligence (AI) into every corner of the digital world, Microsoft has set its sights on conquering the final frontier of office productivity: the humble spreadsheet. The tech giant’s latest creation, SpreadsheetLLM, aims to change how businesses crunch numbers and make decisions. By harnessing the...

Excel’s AI Makeover: Microsoft’s Billion-Dollar Bet on Smarter Spreadsheets

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

The Associated Press

REGINA, Saskatchewan--(BUSINESS WIRE)--Jul 16, 2024-- Cargill, a global leader in oilseed processing, today announced it has surpassed the 50 percent completion milestone in the construction of its new canola facility located at the Global Transportation Hub in West Regina, Sask. Cargill broke ground on the facility in July 2022 and anticipates opening in 2025. The new facility will have the capacity to process 1 million metric tons of canola per year, producing crude canola oil for food and biofuel markets and canola meal for animal feed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716360154/en/ Cargill’s new canola processing facility in West Regina, Saskatchewan, has reached a significant milestone, surpassing 50% completion. Set to open in 2025, this state-of-the-art facility will process 1 million metric tons of canola annually. The new facility will play a critical role connecting the Canadian canola industry to the expanding domestic and global market opportunities for vegetable oil, high quality meal and biofuels. (Photo: Business Wire)

Cargill Surpasses 50 Percent Completion Milestone for Regina Canola Processing Facility Build

Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders to advise the Swedish payments FinTech, the Financial Times (FT) reported Tuesday (July 16), citing sources familiar with the matter. The company, a pioneer in...

Klarna Reportedly Prepping for Possible 2025 US IPO

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

NewsBreak

Arvo Tech Raises $2.5 Million to Expand Tax Credit Platform

Arvo Tech has raised $2.5 million in a Series A funding round to deliver its tax strategy solution to more small and medium-sized businesses (SMBs).,. The...

Arvo Tech Raises $2.5 Million to Expand Tax Credit Platform

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