“In one year my startup became a double unicorn” says Dave Schools. His company had just six employees in January 2020 and today it has more than 300. We were six people this time a year ago. No revenue. Now we’re 300 people, we’re profitable, and we just made a $250 million acquisition.

“What I learned from my startup that grew from $0 to $2 billion in valuation in 1 year”

There's one tested method for minimizing total cyber incident response costs: Bring in law enforcement to assist. That's one high-level takeaway from IBM's "Cost of a Data Breach Report 2024," which says that organizations hit by ransomware that worked with law enforcement spent on average $1 million less, excluding any ransom paid. That's in part because they were able to investigate and remediate the incident more quickly. Such organizations were also less likely to pay a ransom, and so did not fund criminals.

Study: Average Cost of a Data Breach Rises to $4.9 Million

First up, senior reporter Rebecca Bellan took a look at fintech giant Stripe’s acquisition of four-year-old competitor Lemon Squeezy. The buy beefs up Stripe’s ability to calculate and pay global sales tax for customers, according to Stripe CEO Patrick Collison. Deal terms weren’t disclosed. It’s worth noting that Lemon Squeezy has a reputation for turning down other investments, including a $50 million Series A. The company’s founder said he was holding out for the right partner to take the business to the next level, and apparently Stripe was it.

Stripe’s easy-peasy acquisition and why is Twitch still losing money?

Here’s how it works: Zoe sends customers at-home testing materials to collect blood or feces to test blood fat, blood sugar, and gut microbiome health. Following those results, the company scores every food (on a scale from 0 to 100), so people can make better choices of what to eat.

Zoe, a microbiome-focused nutrition company, raises $15 million to expand in the U.S.

Two years on, investors aren’t as enthused anymore as the business models of such startups, both asset-light and asset-heavy, across the continent have come under pressure, leading to retreats, closures, downsizing and mergers. Yet, Cartona, which is “very close to reaching full EBITDA profitability,” according to founder and CEO...

Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

UnitedHealth Group has abandoned its proposed acquisitions of Stewardship Health Inc. and a related company, following intense scrutiny from the Justice Department’s Antitrust Division. This decision comes amidst growing concerns about the potential impact of these transactions on healthcare quality, costs, and working conditions for medical professionals. Assistant Attorney...

UnitedHealth Group Abandons Two Acquisitions Following Antitrust Division Scrutiny

Newark, NJ

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Paterson, NJ

Morristown Minute

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

It starts innocuously enough, with a father talking about how much his daughter loves Sydney McLaughlin-Levrone (she “might even be the world’s number one Sydney fan”). Apparently, she wants to write the Olympic gold medalist a fan letter and needs her dad’s help — and that’s where things take a turn.

Dear Google, who wants an AI-written fan letter?

Business Insider

Supreet Kaur said that companies' expectations around the experience needed to land an AI job changed in the last two years.

She interviewed for 15 AI roles before landing a Microsoft offer. It made her realize how the job market has changed.

UPS will soon acquire a nearly 50-year-old delivery company based in Mexico as part of the company’s plan to become the top delivery service in the world. UPS has entered into an acquisition agreement with Estafeta, which is expected to close by the end of the year. The acquisition of Estafeta will include six Boeing 737-400 freighters, along with maritime, railway, and trucking services, reported AirCargoNews.

UPS to acquire nearly 50-year-old Mexican delivery company

During the 10th anniversary year of Love's Financial, the acquisition aligns with the convenience store retailer and travel center operator's plans to grow its financial services business and offerings, the company said. Terms of the agreement were not disclosed. "During a challenging freight market, this acquisition underscores Love's commitment to...

Love's Expands Financial Services Business

Texas State

Reuters

(Reuters) -Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent.

Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Denver, CO

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Missouri State

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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

Amulet Capital Partners, a middle-market private equity firm specializing in healthcare investments, held the final close of its third fund, raising approximately $1.2 billion in capital commitments. Amulet Capital Fund III, which surpassed its initial target, drew support from a diverse array of global institutional investors, including endowments, foundations, family...

Amulet Capital Partners closes third niche healthcare fund at $1.2bn

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Camden, NJ

Cornelius, NC

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Sam Westreich, PhD

It’s not humans. How a survivor of a super-extinction repopulated our planet. There are more than 8 billion humans alive at this moment on Earth (unless something has gone horribly wrong). But humans aren’t the only dominant mammals.

For Millions of Years, Earth Was Dominated by a Single Vertebrate Genus

Heights has maintained an unequivocal “yes.” But new information was coming into view as the parties prepared for a hearing Monday morning – until a last-minute pivot shook things up. Fisker reached an agreement with Heights late Sunday to spend the next three weeks hammering out a...

The question haunting Fisker’s bankruptcy

NewsBreak

Fertility tracking app Flo Health raises $200M at a $1B+ valuation

London-based Flo Health, a fertility-focused period-tracking app, on Tuesday said it has raised a $200 million Series C from General Atlantic. The funding values the startup...

Fertility tracking app Flo Health raises $200M at a $1B+ valuation

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